Rancho Santa Fe, CA 92091 Market Report for the Week of September 30, 2012

The median list price in RANCHO SANTA FE, CA 92091 this week is $2,647,500.
Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from
there.
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.
CLICK HERE to download the full market report for Rancho Santa Fe, CA!
For more information about luxury single family homes in Rancho Santa Fe, CA , contact Lucy Kelts.