Rancho Santa Fe, CA 92091 Market Report for the Week of October 22, 2012

The median list price in RANCHO SANTA FE, CA 92091 this week is $2,622,500.
The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.
Supply and Demand
While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Price
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
CLICK HERE to download the full market report for Rancho Santa Fe, CA!
For more information about luxury single family homes in Rancho Santa Fe, CA , contact Lucy Kelts.