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.
January 29, 2010…
Below is a snapshot of this week’s activity with Rancho Santa Fe Homes for Sale:
Rancho Santa Fe MLS Listings on the Market:
Average List Price $4,140,471 …..Trend is level
Asking Price/SqFt. $686
Least Expensive Listing $525,000
Most Expensive Listing $29,900,000
Average Days on Market 179 …..Trend is up
Total Inventory 257 …..Trend is down
The Bottom Line – The trends for the Rancho Santa Fe real estate market continue to point to an area working its way through a slow recovery, marked by opportunistic buyers looking for value properties. This past week some of the Rancho Santa Fe properties for sale that opened escrow were either short sales, distressed sales or investor owned foreclosure homes. Neighborhoods like Santaluz continue to see their share of distressed sales, though the inventory continues to drop and this trend is by far the most significant key for a stable recovery.
Homes for sale in Fairbanks Ranch continue to find a ready market of buyers, spurred in part by renovations to the gates in the community that are giving a “facelift” to a Rancho Santa Fe gated community that was already popular with relocation and local luxury homebuyers in San Diego.
Now is a great time for those looking to buy property in Rancho Santa Fe – call the Dalzell Group today at (858) 755-7740 to begin your search.
