Your Weekly Rancho Santa Fe Real Estate Market Update
| Average List Price | $3,920,413 | .....Trend is level | | Asking Price/SqFt. | $665 |
| | Least Expensive Listing | $465,000 |
| | Most Expensive Listing | $29,950,000 |
| | Average Days on Market | 141 | .....Trend is level | | Total Inventory | 329 | .....Trend is level |
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The Bottom Line - While other areas of the San Diego real estate market have seen a sharp drop off in activity over the Labor Day week, Rancho Santa Fe homes for sale have had a very strong week. 13 new Rancho Santa Fe homes going into escrow is testament of a fairly stable high end market right now. Inventory is still high but there has even been renewed activity at the high end with a $13M Covenant home going into escrow. There is still discussion in the media about the possibility of a "double dip" in prices, and while this could happen nationally, keep in mind that our Rancho Santa Fe market has been more moderate and hasn't experienced the bump in prices since the Spring 2009 "bottom". Instead we see the majority of buyers choosing to target the sub $3M price range for Rancho Santa Fe homes and unless this changes then prices will stay level.
Rancho Santa Fe CA homes buyers continue to target communities like Cielo, Santaluz, Covenant and Fairbanks Ranch homes. The Rancho Santa Fe real estate market had 13 homes go into escrow this past week, 2 of which were bank owned foreclosures. Distressed Rancho Santa Fe bank owned REO sales are still attractive value opportunities for buyers but are still not dominating the high end market as the perception might be.
Rancho Santa Fe CA Homes New in Escrow/Pending This Week:
Community | Address | MLS Number | Bed | Bath | Sq Ft | List Price | DOM | Villas II of the Wispering Palms | 16081 Via Viajera | 100041120 | 2 | 2 | 1504 | $469,000 | 62 | Whispering Palms | 16010 Via Galan | 100024971 | 3 | 3 | 2129 | $699,000 | 137 | Santaluz | 8134 Santaluz Village Green N | 100038535 | 3 | 3 | 2248 | $799,000 | 74 | Santa Monica / Santaluz | 14753 Rio Rancho | 100039436 | 5 | 4 | 3590 | $1,119,000 | 77 | Covenant | 5417 La Crescenta | 100047333 | 4 | 5 | 5622 | $1,581,000 | 34 | Cielo | 7762 Camino Sin Puente | 090059402 | 5 | 7 | 5372 | $1,765,000 | 323 | Fairbanks Ranch | 17323 Circa Del Sur | 090059076 | 4 | 5 | 4442 | $1,899,000 | 324 | The Summit | 7462 Vista Rancho Ct | 090046364 | 5 | 6 | 7473 | $2,195,000 | 390 | RSF Farms Estates | 14810 Las Mananas | 100030431 | 4 | 5 | 5700 | $2,499,000 | 110 | Covenant | 6446 Mimulus | 100037459 | 4 | 5 | 5176 | $2,595,000 | 77 | The Bridges | 18632 Via Sassari St | 100048580 | 4 | 5 | 4389 | $2,695,000 | 29 | Covenant | 5305 La Crescenta | 100008961 | 7 | 7 | 8824 | $6,900,000 | 203 | Covenant | 5425 Los Mirlitos | 100033842 | 8 | 12 | 21000 | $12,995,000 | 97 |
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Rancho Santa Fe CA Homes SOLD This Week:
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FOR MORE INFORMATION VISIT:
The Dalzell Group
Prudential California Realty
PO Box 8001
Rancho Santa Fe, CA 92067
Phone: (858) 755-7740
Or visit http://tiny.cc/oz9ta
