Your #1 source for Rancho Santa Fe real estate market updates and luxury homes for sale. We follow the trends of both existing Rancho Santa Fe homes for sale and recent Rancho Santa Fe real estate that enters into escrow. Our goal is to help provide you direction and analysis of the current conditions and future trends.
So what has happened over the past week with Rancho Santa Fe Homes for Sale?
Rancho Santa Fe MLS Listings on the Market:
Median List Price $3,395,000 …..Trend is level
Asking Price/SqFt. $640
Least Expensive Listing $925,000
Most Expensive Listing $35,000,000
Average Days on Market 203 …..Trend is up
Total Inventory 303
The Bottom Line - This past week has been the continuation of a trend in Rancho Santa Fe real estate for sale. Buyer once again showed an appetite for value buys, highlighted by two new escrows of Fairbanks Ranch houses for sale priced under $2 million. As we “bump along a bottom” of Rancho Santa Fe real estate prices 50% of the recent sales were below this value price point.
Fairbanks Ranch houses for sale haven’t been the only target area for buyers. Santaluz just to its east has also seen an up tick in activity with another 2 new escrows this week. Buyers of Rancho Santa Fe golf course real estate for sale have been swayed by the first class amenities and the heralded Santaluz Golf Club.
We anticipate the strong buyers market for Rancho Santa Fe real estate to continue for the remainder of 2009, though sellers are slowly becoming more optimistic with signs of an overall recovery in the stock market. High end communities like The Bridges Rancho Santa Fe homes, Del Mar Country Club real estate for sale and Rancho Santa Fe Farms will attract those looking for luxury homes in San Diego golf course destinations.
