Rancho Santa Fe Real Estate Market Report for May 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:
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Here is a summary of the Rancho Santa Fe real estate market for May 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
|
23 (up 28%) |
20 (up 18%) |
3 (up 200%) |
|
Average $
|
$2,123,587 (up 11%) |
$2,360,125 (up 15%) |
$546,666 (up 9%) |
|
DOM
|
90 |
89 |
97 |
|
Sale $/List $
|
92% |
92% |
91% |
The number of detached homes sold in Rancho Santa Fe increased by almost a third from April sales; the number of attached sales also increased significantly but keep in mind only 1 sold last month. The average sales prices also increase across the board.
As of the end of May 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 less than last month, and, thus, are included in the Active statistics below..
As of May 2011 there were 278 Ranch Santa Fe homes for sale (94% of these are detached), up 4% from last month. This represents an inventory of 9.6 months for attached homes (down from 10.7 months in April), and 14 months for detached homes at the current rate of sales (based on a 6-month period), which is down from 14.5 months in April.
The number of Rancho Santa Fe homes coming on the market in May declined just slightly, down to 51 from 53 last month, with 18 homes going pending during the same period, 28% fewer than in April.
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 Rancho Santa Fe Homes for Sale
READ MORE:
Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for April 2011
Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for March 2011
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
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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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Great picture of the rancho Santa Fe community Jeff... if need to gulp a bit when I see the number of home sales occur in the $2million price range...must be magnificent shows!
Jeff, your days on market is pretty low...that is nice...great recap of the real estate trends there...thanks!
Ginny - well at that price point they are taking longer to sell, and there are a lot of them.
Kristin - and it's fairly consistent, and even lower in the less expensive communities.
Jeff
Jeff
Rancho Santa Fe looks like the place to be. Nice market report