Rancho Santa Fe, CA 92067 Market Report for the Week of December 10, 2012

The median list price in RANCHO SANTA FE, CA 92067 this week is $2,797,500.
Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply and Demand
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.

Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

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.