Rancho Santa Fe Real Estate Market Report for August 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 August 2011 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
· Total sales for August remained the same, with 11 detached homes sold, 2 less than in July, with 2 attached homes sold (2 more than last month).
· The average sales price of homes sold was $1,907,538, a decrease of 21% over July’s average sales price. The average sale price of detached homes dropped by 14% to $2,075,272. The average price of the 2 attached homes sold was $985,000.
· Average days on market for the detached homes was 185, up from last month’s 137 days.
· Detached homes sold, on average, for 90% of asking price, while the attached homes sold at 93% of asking.
As of the end of August there were 13 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), the same as last month, and these are included in the Active statistics below..
As of August 2011 there were 304 Ranch Santa Fe homes for sale (94% of these are detached), down 2% from last month. This represents an inventory of 12 months for attached homes (down from 15.4 months in July), and 15.3 months for detached homes at the current rate of sales (based on a 6-month period), which is down from 13.5 months in July.
The number of Rancho Santa Fe homes coming on the market in August declined by 37%, to 30 from 47 last month, with 13 homes going pending during the same period, almost the same as last month (14).
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 July 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 May 2011
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
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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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