The median list price in RANCHO SANTA FE, CA 92091 this week is $3,232,500.
Even though the days-on-market is trending higher, so is the
Market Action Index at these inventory levels, providing a neutral
outlook for the market.
Supply & Demand
Home sales have been exceeding new inventory for several weeks.
Since this is a Buyer’s market prices are not yet moving higher as
excess inventory is consumed. However, as the supply and demand
trends continue, the market moves into the Seller’s zone, and we are
likely to see upward pressure on pricing.
Recently prices in this zip have settled at a plateau even though
they dipped this week. Look for a persistent up-shift in the
Market Action Index before we see prices significantly move
from these levels.
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For more information about luxury single family homes in Rancho Sante Fe, CA , contact Lucy Kelts.