Rancho Santa Fe Homes for Sale:
What Happened in the Rancho Santa Fe Real Estate Market Report in March 2012?
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.
Here is a summary of the Rancho Santa Fe real estate market for March 2012 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed.
As of the end of March there were 8 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), 2 less than last month, and these are included in the Active statistics below.
As of March 2012 there were 226 Ranch Santa Fe homes for sale (96% of these are detached), 6 more than last month (up 3%). This represents an inventory of only 4.8 months for attached homes (up from 4.7 months in February), and 15.8 months for detached homes at the current rate of sales (based on a 6-month period), which is up from 15.2 months in February.
The number of Rancho Santa Fe homes coming on the market in March increased again significantly to 57 (up 33%), up from 43 last month, with 25 homes going pending during the same period, an increase in pendings by 19% over last month (21).
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.
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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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