For current MLS data on active, pending and closed Rancho Santa Fe Bridges properties please see the tables below.
Rancho Santa Fe Snapshot – In keeping with the rest of the San Diego luxury home market, Rancho Santa Fe homes for sale in 2010 continue to outpace the sales activity for the first half of 2009. Through June 25th of this year there have been 103 Rancho Santa Fe homes sold as opposed to just 60 sales in the same time period last year, a 72% increase! On a price/square foot basis Rancho Santa Fe homes have seen a 10% drop as buyers have focused on distressed and lower priced Rancho Santa Fe properties. Market times have increased 21%, making it all the more important to carefully choose Rancho Santa Fe realtors who have a dynamic marketing plan for today’s changing market.
Rancho Santa Fe Bridges Homes – One look at the MLS data for Rancho Santa Fe Bridges homes reveals a picture of strength in a bumpy luxury real estate market. While many other Rancho Santa Fe communities can boast increased sales in 2010, most have also seen price drops, but not The Bridges. Sales in 2010 of Rancho Santa Fe Bridges homes have more than doubled (10 closed) over the same span in 2009 (4 sales) but remarkably the average price/square foot has also risen 14%, and the average market time has shrunk to just over 4.5 months as opposed to more than 7 months last year.
Clearly San Diego luxury home buyers have recognized a unique value in the quality home construction and design, location on the north side of Rancho Santa Fe and the lifestyle offered through the Club and its loyal membership. The good news for buyers is that there is still a high level of inventory (23 listings) on the market, two of which are Rancho Santa Fe short sales, so the remainder of the year could offer some “motivated seller” opportunities.
For sellers that face plenty of competition in the community, it becomes all the more important to select Rancho Santa Fe realtors who know how to correct price and market Rancho Santa Fe Bridges homes, so call the Dalzell Group at (858) 755-7740 for an analysis of your home’s value and to find out the details about our customized property marketing plans.
