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.
July 16, 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 $3,888,798 …..Trend is down
Asking Price/SqFt. $615
Least Expensive Listing $475,000
Most Expensive Listing $29,900,000
Average Days on Market 145 …..Trend is down
Total Inventory 322 …..Trend is up
The Bottom Line – The activity over the past week for real estate in Rancho Santa Fe was noticeably slower with just 1 Rancho Santa Fe home going into escrow. An overview of the Rancho Santa Fe real estate market update shows that prices have stabilized nicely, with shorter market times for Rancho Santa Fe homes, though the inventory has continued to rise. This is in response to an encouraging start to the year where homeowners see their neighbors Rancho Santa Fe CA homes for sale are now selling and often this encourages more listings in Rancho Santa Fe.
A look at the recent closed transactions shows that buyers of Rancho Santa Fe CA homes for sale continue to target newer gated communities like Santaluz homes and Rancho Santa Fe The Crosby, along with the highest priced sale this past week in Rancho Santa Fe Bridges homes. Of note in the closed sales we see that all were priced under $3 million though its encouraging that just one of the sales was a short sale. Clearly the high end Rancho Santa Fe luxury estates market is stagnant and will likely be so for the foreseeable future.
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 at (858) 755-7740 for a private consultation.
