DSNews reported today that according to the Housing Opportunity Index developed by the National Association of Home Builders (NAHB) and Wells Fargo. It was the sixth consecutive quarter that the affordability index hovered near a record high on a national level. DSNews Article. With that said, we are seeing more affordability in our local Rancho Santa Fe real estate market. Until 2009, the Housing Opportunity Index had never reached 70% and now the index indicated that 72.3% of all new and resale homes sold in the 2nd quarter of 2010 were affordable to families that earned an average income of $64,400 (on a national level).
With interest rates at historic lows and home prices more affordable than ever, it is a great time for move up buyers to consider Rancho Santa Fe an option. Rancho Santa Fe real estate for sale has stabilized and continues to see a strong market right now, with new construction and gated communities being a favorable choice for many Rancho Santa Fe home buyers. In comparison to last year homes are selling for less, selling quicker (74 days) and inventory is climbing. Bottom line – supply and demand is in your favor and now is a great time to buy.
There are many newly constructed homes recently completed by builders like AW Properties & Danny Hampel Construction that offer the most luxurious design features & prestigious amenities in Rancho Santa Fe.
Now continues to be a unique buying opportunity for investors and move-up buyers in Rancho Santa Fe CA. To find Rancho Santa Fe’s next great real estate value call the Dalzell Group, your Rancho Santa Fe real estate experts at (858) 755-7740 for a private consultation. Dalzell Group – Rancho Santa Fe Real Estate Prudential California Realty PO Box 8001 Rancho Santa Fe, CA 92067 Phone: (858) 755-7740.
