Rancho Santa Fe Real Estate Statistics

The median list price for Rancho Santa Fe homes for sale this week is $3,390,000.
Inventory is increasing and there is slightly lower market activity recently.  It looks like the market time in decreasing, but more national conditional may be slowing the market.
In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales demand.  However, in recent weeks prices have been moving higher.  Since it is technically a buyer’s market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed.  Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Median List Price  $3,390,000
Asking Price Per Sq. Ft.  $525
Average Days on the Market  250
Percent of Properties with Price Decrease  30%
Median House Size  6,872 sq. ft.
Median Lot Size  1.0 – 2.5 acres
Median Number of Bedrooms  5.0
Median Number of Bathrooms  5.5
Market Action Index  STRONG BUYERS  15.6
Rancho Santa Fe real estate prices continue their climb this week.  We’re a long way from the market price high point so watch the Market Action Index as an indicator of how long this trend will last.

Get your Instant Home Value…