Rancho Santa Fe, CA 92067 Market Report for the Week of October 29, 2012

The median list price in RANCHO SANTA FE, CA 92067 this week is $2,581,500.
The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer’s market to a Seller’s market.
Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
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For more information about luxury single family homes in Rancho Santa Fe, CA , contact Lucy Kelts.