Rancho Santa Fe, CA 92067 Market Report for Week of January 7, 2013

The median list price in RANCHO SANTA FE, CA 92067 this week is $3,195,000.
Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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.