Carlsbad Real Estate News and Views: What’s My Rancho Santa Fe Home Worth? Market Report for February 2019

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What’s My Rancho Santa Fe Home Worth? Market Report for February 2019

What’s the Value of My Rancho Santa Fe Home?

Rancho Santa Fe Home Sales for February 2019

 

Rancho Santa Fe Country ClubIt’s important for buyers and sellers in the Rancho Santa Fe real estate market to have up to date information about current local market conditions to be able to make informed decisions about Rancho Santa Fe homes for sale, whether buying, selling, or investing. 

 

The Rancho Santa Fe housing market is the most expensive community, on average, in San Diego County, with large estates, gated communities, and luxury and equestrian properties on expansive lots often measured in acres. Rancho Santa Fe currently has 12 properties listed at over $10,000,000, with 1 at $39,000,000!

 

LEARN MORE ABOUT RANCHO SANTA FE: 

 Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego

 

Here is a summary of the Rancho Santa Fe housing market for February 2019 based on information from the MLS (private sales are not included). These data are deemed reliable at the time this report was written but are not guaranteed.

 

  •         Sales of detached homes for February dropped from 11 last month to 8. There was 1 attached home sale in February, compared to 3 last month. 78% of the transactions were cash, compared to 36% in January.
  •         The average sales price of the detached homes was $4,013,083, up 68% from the average sales price last month (no doubt impacted by the sale of 5 homes for over $3M, including 2 at more than $6M). The attached home sold for $1,050,000. The median sales price for detached homes was $3,535,000 (up 56%), again impacted by higher priced sales.
  •         Average marketing time for the detached homes was 114 days compared to 127 in January; the attached property sold in just 2 days.
  •         The detached homes sold, on average, for 86% of the original asking price; the attached home sold at list price.
  •         As of the end of February there were 5 homes in the Rancho Santa Fe real estate market with a Contingent status (i.e., typically these are short sale and REO homes that have offers being reviewed by the lenders) the same as last month.

 

As of the end of February 2019 there were 191 Rancho Santa Fe homes for sale (95% of these are detached single family homes), up 13% from January and the second consecutive increase in inventory. This represents an inventory of 5 months for attached homes (up from 3 months last month) and 14.7 months for detached homes at the current rate of sales (based on a 6-month period), up from 9.1 months last month.

 

The high end market continues to shift in Rancho Santa Fe, and is a market that strongly favors buyers for detached single family homes, luxury properties and estates, but remains a seller’s market for buyers of attached properties (condos and town homes).

 

Rancho Santa Fe golf course home

 

The number of Rancho Santa Fe homes coming on the market in February dropped slightly, from 50 in January to 47. The number of homes going pending in February, 16 (excluding those that closed escrow), increased again, compared to 12 January pendings!

 

Data are based on MLS information for homes that went under contract in the last couple of months or sold in February. 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 call me at (760) 840-1360.

 

I am happy to discuss your housing needs and budget, and help you develop a strategy to buy your new Rancho Santa Fe home in 2019.

 

And if you wish to sell your Rancho Santa Fe home we should discuss your plans and timing, a free equity analysis, and create a strategy to get your home sold in the time frame that works for you!

 

SEARCH RANCHO SANTA FE HOMES FOR SALE

 

READ MORE:

What’s my Rancho Santa Fe Home Worth? Homes for Sale for January 2019

 

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If I can provide more information about homes for sale in Carlsbad and in surrounding areas, our local housing market conditions, or assist you, friends or family in a purchase or sale, please contact my mobile office or text me at (760) 840-1360, or email me at JeffDowlerSolutions@gmail.com

 

HOW ABOUT A FREE EQUITY ANALYSIS ON YOUR CURRENT HOME(S)?

 

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village),  Encinitas (including Leucadia & Olivenhain), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Escondido, and  Greater San Diego

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Comment balloon 7 commentsJeff Dowler, CRS • March 11 2019 10:08PM

Comments

Good morning, Jeff Dowler, CRS it looks like those who own a home in Rancho Santa Fe are in good shape with their home values....but to fine-tune what they have for equity, they would be wise to call Jeff Dowler for a Free Market Analysis.... that's the smart move to make.

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 14 days ago

Hi Jeff Dowler, CRS, this is a great, comprehensive market update for Rancho Santa Fe. Homeowners looking to sell as well as buyers looking for their Rancho Santa Fe would be wise to contact you. 

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) 14 days ago

Hi Jeff Dowler, CRS -

Rancho Santa Fe is a beautiful area and you are the agent to lend expertise to the buyers and sellers in that area. 

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 14 days ago

Good morning Jeff, Rancho Santa Fe is beautiful and I would love to see inside some of the homes there. They must be incredible. Homeowners who are considering selling would be wise to reach out to you. Your market report it just the surface of the knowledge base you can offer them.

Posted by Amanda S. Davidson, Alexandria Virginia Homes For Sale (Amanda Davidson Real Estate Group) 13 days ago

Thank you kindly Barbara Todaro It's a beautiful community with a lot to offer for those who have the budget!

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 12 days ago

Thanks for stopping by Beth Atalay  I appreciate the compliment.

Hi Sheri Sperry - MCNE®  It is, indeed, a beautiful community, and special in a lot of ways.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 12 days ago

Hi Amanda S. Davidson 

Thanks for the compliment.

Yes, there are some amazing properties there.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 12 days ago

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