Rancho Santa Fe, CA 92067 Market Report for the Week of November 12, 2012

The median list price in RANCHO SANTA FE, CA 92067 this week is $2,745,000.
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. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.
Price
The market for this zip code continues its bounce again this  week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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For more information about luxury single family homes in Rancho Santa Fe, CA , contact Lucy Kelts.