Rancho Santa Fe, CA 92067 Market Report for the Week of November 19, 2012

The median list price in RANCHO SANTA FE, CA 92067 this week is $2,695,000.
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Supply and Demand
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Price
Despite this week’s down tic, price trends in this zip code have generally been moving up lately. We are below the market’s high point, and we’ll investigate the Market Action Index later on to see if we expect this week’s blip to become a downward trend.
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For more information about luxury single family homes in Rancho Santa Fe, CA , contact Lucy Kelts.