RanchoSantaFeLuxuryEstates.com tracks the housing information for Rancho Santa Fe real estate on a weekly basis. 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 $3,397,000 …..Trend is down
Asking Price/SqFt. $630
Least Expensive Listing $950,000
Most Expensive Listing $35,000,000
Average Days on Market 205 …..Trend is up
Total Inventory 292
The Bottom Line - Over the past week there has been much talk in the local and national media about the shift in the San Diego luxury homes market, including Rancho Santa Fe homes for sale. This is not new news. Rancho Santa Fe luxury estates for sale listed above $5 million dollars continue to struggle, but what is not highlighted is the increase in activity in Rancho Santa Fe homes for sale priced under $4 million, in neighborhoods like Cielo, Santaluz and Fairbanks Ranch real estate.
Just this week 2 luxury homes for sale in Santaluz went into escrow as buyers are drawn to golf course real estate in San Diego. Another Rancho Santa Fe Covenant home also went into escrow, showing that horse property for sale in Rancho Santa Fe continues to be at a premium.
As the Del Mar racing season gets ready to kick off we anticipate that there will be more out-of-town buyers seeking horse property in Rancho Santa Fe. The area is projected to see more vacationers this year, and many will be looking for golf course and ocean front real estate in Del Mar and Rancho Santa Fe. These buyers have traditionally bought homes in The Bridges, Cielo, The Crosby and Fairbanks Ranch real estate.
