Rancho Santa Fe, CA 92091 Market Report for the Week of October 8, 2012

The median list price in RANCHO SANTA FE, CA 92091 this week is $2,622,500.
Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends 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
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading
indicator for a trough in prices.
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For more information about luxury single family homes in Rancho Santa Fe, CA , contact Lucy Kelts.

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