Rancho Santa Fe Real Estate Market Report for June 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.
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Here is a summary of the Rancho Santa Fe real estate market for June 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
|
24 (up 4%) |
22 (up 10%) |
2 (down 67%) |
|
Average $
|
$1,965,000 (down 7%) |
$2,098,863 (down 11%) |
$492,500 (down 10%) |
|
DOM
|
154 |
158 |
121 |
|
Sale $/List $
|
94% |
93% |
98% |
The number of detached homes sold in Rancho Santa Fe increased again, but modestly, over May sales. Average sales prices, however, declined across the board. Average days on market also was up significantly over the prior month for detached and attached homes.
As of the end of June there were 11 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 are included in the Active statistics below.
As of June 2011 there were 297 Ranch Santa Fe homes for sale (94% of these are detached), up 7% from last month, another inventory increase. This represents an inventory of 12.7months for attached homes (up from 9.6 months in May), and 14.5 months for detached homes at the current rate of sales (based on a 6-month period), which is up from 14 months in May.
The number of Rancho Santa Fe homes coming on the market in June declined by 18%, down to 42 from 51 last month, with 12 homes going pending during the same period, down by 1/3 from May.
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 May 2011
Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for June 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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Good Morning Jeff, An excellent report. Rancho Santa Fe is such a unique market that it has it own unique characteristics. I would guess throughout the year with their own buying seasons, these numbers would go up or down depending on the outside circumstances not so much like others areas in San Diego County. The economy in general and top industry health probably affect sales more than other factors that generally affect home buying.
Loved the photo with the self mirrored frame. Nicely done and classy Jeff!
Jeff,
Rancho Santa Fe shows those wonderful signs of a healthy market place. It sounds like success still requires expert planing to succeed.
Best,
Steve
Jeff - another great market report! That just reminds me that I am falling behind on doing mine for last month!
Jeff, excellent community report, clients can make well educated decisions with inofrmation that you have provided
Jeff even a modest increase is a good increase these days. Lets hope that the market continues to improve.