Rancho Santa Fe Real Estate Market Report for March 2011
As 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 buying or selling a Rancho Santa Fe home.
The Rancho Santa Fe real estate 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 a buying or selling decision. Finding comparables for determining price for either a listing or a purchase can sometimes be tricky since many high-end 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 March 2011 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
|
|
TOTAL |
DETACHED |
ATTACHED |
|
# SOLD
|
27 (up 108%) |
27 (up 108%) |
0 |
|
Average $
|
$2,443,907 (up 12%) |
$2,443,907 (up 12%) |
N/A |
|
DOM
|
149 |
149 |
N/A |
|
Sale $/List $
|
91% |
91% |
N/A |
The number of detached homes sold in Rancho Santa Fe more than doubled over February sale; there were no attached homes sales. The average sales price of a detached home also increased.
As of the end of March there were 10 homes in the Rancho Santa Fe real estate market with a Contingent status (i.e., short sale and REO homes that had offers being reviewed), 1 more than last month, and, thus, are included in the Active statistics below..
As of March 2011 there were 270 Ranch Santa Fe homes for sale (96% of these are detached), up 7% over last month. This represents an inventory of 8.2 months for attached homes (up from 7.1 months in February), and 15.1 months for detached homes at the current rate of sales (based on a 6-month period), which is down from 16.9 months in February.
The number of Rancho Santa Fe homes coming on the market in March substantially more than in February, up 47% (56 new listings), with 25 homes going pending during the same period, about the same as last month.
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 CA
READ MORE:
Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for February 2011
Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for January 2011
Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for December 2010
Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for November 2010
Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for October 2010
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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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Another great market update! Well done...I like too how you allow links at the bottom to got back and compare other timeframes...
Jeff,
Rancho Santa Fe appears to be a remarkable niche in today's market place.
Good speed with your sales,
Steve