Your #1 source for Rancho Santa Fe CA homes for sale and market updates. 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.
July 9, 2010
Below is a snapshot of this week’s activity for Rancho Santa Fe Homes For Sale:
Rancho Santa Fe MLS Listings on the Market:
Average List Price $3,978,536 …..Trend is up
Asking Price/SqFt. $678
Least Expensive Listing $475,000
Most Expensive Listing $29,950,000
Average Days on Market 148 …..Trend is up
Total Inventory 296 …..Trend is down
The Bottom Line – The past few weeks of real estate in Rancho Santa Fe, activity is moving at a slower pace with only 7 Rancho Santa Fe homes going into escrow, one of which was a foreclosure. This is due in part to the timing of the Rancho Santa Fe schools breaking for the summer and family vacations getting underway. As we keep an eye on the Rancho Santa Fe real estate market we see that prices are still holding to a slight upward trend with inventory decreasing slightly and market times remaining level.
Rancho Santa Fe homes sold have slowed dramatically with only 3 new sales this past week. Santaluz homes are also seeing a little activity this week with one regular sale that just posted for $1,100,000 – a beautiful Santa Monica home that sits on a large corner lot. Santaluz homes values had fallen sharply in 2008 and 2009 but have begun to find a footing this year. The highest priced sale in the past week was a Fairbanks Ranch home, first time on the market which sold for $2,610,000. The other sale was a town home in Whispering Palms that sold for $654,000.
Now continues to be a unique buying opportunity for investors and move-up buyers in Rancho Santa Fe. To find Rancho Santa Fe’s next great real estate value call the Dalzell Group, your Rancho Santa Fe real estate agents at (858) 755-7740 for a private consultation.
