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.
August 20, 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 $3,895,901 …..Trend is up
Asking Price/SqFt. $662
Least Expensive Listing $475,000
Most Expensive Listing $29,950,000
Average Days on Market 145 …..Trend is level
Total Inventory 332 …..Trend is up
The Bottom Line – The Rancho Santa Fe real estate market has slowed down a bit from last weeks’ burst of activity. This past week 4 new Rancho Santa Fe homes went into escrow. The Rancho Santa Fe homes that are moving still tend to be in the sub $3 million range but the fact that there were 4 sales this week with market times around 45 days or less is a positive development.
An overview of the Rancho Santa Fe real estate market shows that list prices are remaining level and are still down since spring, although inventory is still high with 332 active Rancho Santa Fe homes for sale. As we take a look at the recent pending transactions in the Rancho Santa Fe CA real estate market, we see that buyers continue to target gated communities like Santaluz and Fairbanks Ranch homes. The 4 closed sales this week were in the $1.2 million and over range which continues the trend, and one of the Rancho Santa Fe CA homes sold was a bank owned foreclosure.
Now continues to be a unique buying opportunity for investors and move-up buyers in Rancho Santa Fe. To find the next great real estate value call the Dalzell Group, Rancho Santa Fe real estate agents, at (858) 755-7740 for a private consultation.
