Rancho Santa Fe, CA 92067 Market Report for the Week of October 15, 2012

The median list price in RANCHO SANTA FE, CA 92067 this week is $2,496,500.
Inventory has been tightening and days-on-market decreasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Supply and Demand
The market has settled in at a relative stasis in inventory and sales conditions. It’s a Buyer’s market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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For more information about luxury single family homes in Rancho Santa Fe, CA , contact Lucy Kelts.