Carlsbad Real Estate News and Views

Here's the REAL scoop on living in Carlsbad ~ beaches, things to do, places to eat, community events, and of course neighborhoods, homes and the Carlsbad real estate market in general, including surrounding communities like Encinitas, Cardiff, San Marcos, Oceanside, Solana Beach and Del Mar.

What Happened in the Rancho Santa Fe Real Estate Market in Sept. 2014?

Rancho Santa Fe Homes for Sale

What Happened in the Rancho Santa Fe Real Estate Market in September 2014?

 

Luxury Homes and Estates for Sale in Rancho Santa Fe, CA, and Rancho Santa Fe Homes and Condos for SaleAs a buyer or seller in the Rancho Santa Fe real estate market, having information about the current market conditions will enable you to make an informed decision regarding what to do with regard to Rancho Santa Fe homes for sale

 

The Rancho Santa Fe housing market is very localized, and the most expensive community, on average, in San Diego County.

 

Knowing what is going on in the market with regard to inventory and sales is important for making an informed buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky since many high-end Rancho Santa Fe properties are unique.

 

READ MORE: 

 Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego

Walkable Neighborhoods – Rancho Santa Fe Real Estate Near Ranch Santa Fe Village

Rancho Santa Fe Homes – The Crosby: Golf Community Extraordinaire

 

Here is a summary of the Rancho Santa Fe real estate market for September 2014 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

 

·        Total sales for September dropped slightly from August, with the same number of detached Rancho Santa Fe homes sold (17) but 0 attached home sales (compared to 4 last month). 29% of the transactions were cash vs. 27% past month.

·        The average sales price of the detached homes sold was $3,305,308, an increase of 37% from the August average sales price – this was due, in large part, to the sale of 7 homes over $3M including 1 at $5M and 1 at $13M. The MEDIAN price for detached homes was $2,675,000, up 30%

·        Average marketing time for the detached homes was 111 days (compared to 73 days last month)

·        The detached homes sold, on average, for 85% of asking price, all selling for under list price

 

As of the end of September there were 2 homes in the Rancho Santa Fe r,eal estate market with a Contingent status (i.e., short sale and REO homes that had offers being reviewed).

 

Rancho Santa Fe Golf Course Homes and Condos for Sale, and Properties for Sale in Rancho Santa Fe CA

 

As of September 2014 there were 252 Ranch Santa Fe homes for sale (98% of these are detached single family homes), just 2 more than at the end of August. This represents an inventory of only 1.8 months for attached homes (up from 1.5 months in August), and 12.4 months for detached homes at the current rate of sales (based on a 6-month period), up from 11.8 months in August. The high end market continues to shift in Rancho Santa Fe, and is a markeonet that is a buyers’ market for detached single family homes, luxury properties and estates, but remains a strong seller’s market for attached condos and townhomes with limited inventory.

 

The number of Rancho Santa Fe homes coming on the market in September, 37, was significantly more than the number of new listings in August, by 28%. The number of homes going pending also increased but only by 1, with 13 pendings as compared to 12 past month, up 8%.

READ MORE:

How Important is Inventory when Buying or Selling? Very!! 

 

Data are based on information provided by the MLS for homes that went under contract in the last couple of months. If you would like more details about the Rancho Santa Fe real estate market with regard to current activity as well as the specific areas such as Fairbanks Ranch and the Covenant, please let me know. 

 

SEARCH FOR HOMES FOR SALE IN RANCHO SANTA FE CALIFORNIA

SEARCH FOR CONDOS FOR SALE IN RANCHO SANTA FE CALIFORNIA

 

READ MORE:

Rancho Santa Fe Homes for Sale – What Happened in the Rancho Santa Fe Real Estate Market in August 2014?

 

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If I can provide more information about Carlsbad homes and real estate for sale and surrounding areas, the housing market in general (or locally), or otherwise assist you, friends or family in a home search or sale, please contact my mobile office or text me at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com

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3 commentsJeff Dowler CRS • October 13 2014 08:42PM
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