La Jolla and Rancho Santa Fe continued to be the place for the most expensive home sales in San Diego County in 2017.

The most expensive house to sell in the county was a beachfront property in La Jolla for $12 million.

Built in 1993, 6106 Camino de la Costa (pictured above) features panoramic ocean views and its own private sandpit on the water. The home is on a peninsula lot that maximized views of the ocean.

The top five home sales in 2017 equaled $54.5 million. That’s down from $79.9 million total for the top five the previous year.

One of the most expensive homes to sell last year, 16568 La Gracia in Rancho Santa Fe (seen to the left), sold twice. The home was purchased by a Florida-based limited liability company in April for $10.6 million. It was then sold to a Trust out of Washington state for $10.85 million in December.

Another home in Rancho Santa Fe made the top five most expensive sales. In June, 6883 Alydar Corte sold for $11 million. The 12,500-square-foot property was on the market for 258 days, the longest of any of the sales.

Another La Jolla home also made the list, 8470 El Paseo Grande, which sold for $10.1 million. It featured a private courtyard, guest house and ocean views throughout.

Rounding out the list was 106 13th St. in Del Mar (seen to the left) that sold for $10 million. The 2,300-square-foot remodeled cottage on the bluffs of Del Mar has three bathrooms and two bedrooms and was built in 1948.

The most expensive homes to sell in 2017 were less than the top sales in 2016. The top seller in 2016, an oceanfront home in Del Mar, went for $18 million. However, the luxury market may not be slowing down. The lower prices could be due to lack of inventory last year.

Affluent buyers will have more money to spend on real estate in the new year following tax changes recently approved in Congress — despite caps on property tax deductions. Their overall net income is going to go up under the new tax plan.

On the other end of the housing market, the cheapest home to sell in 2017 was a 924-square-foot house in Jacumba for $27,000. Built in 1945, it was in severe disrepair and the buyer was warned they would responsible for the removal of unusable property.

Source: latimes.com by Phillip Molnar