Here are the summary statistics from the MLS for Rancho Santa Fe for January, February and March 2007. There are some things to note. [photo is of the Rancho Santa Fe Inn]
Rancho Santa Fe is a unique community in that the prices are very high, marketing times are long, and inventory of attached homes is very limited. Thus you will see some data are not available for the early part of the year for attached homes because none have sold. Because of the high prices, the median and average can shift quite a bit from month to month.
The inventory of Rancho Santa Fe homes for sale has increased slightly in 2007, but overall is 13% below the peak inventory of January 2006.
For more information, read the community profile on Rancho Santa Fe.
AS OF JAN. 31, 2007 | ATTACHED HOMES | DETACHED HOMES |
Active | 20 | 212 |
Sold in Last 6 Months | 3 | 93 |
Sold/Pending In Last 6 months | 4 | 110 |
Absorption Rate (Solds) | 1200 days | 410 days |
Absorption Rate (Solds Plus Pendings) | 900 days | 347 days |
Average Days on Market | None Sold in YTD | 146 |
Median Price Change From 1 Year Ago | None Sold in YTD | 19% |
Median Price | None Sold in YTD | $2,493,500 |
Price Chng. From Prior Month | None Sold in YTD | 1% |
Average Price | None Sold in YTD | $2,714,750 |
AS OF FEB. 28, 2007 | ATTACHED HOMES | DETACHED HOMES |
Active | 18 | 214 |
Sold in Last 6 Months | 3 | 76 |
Sold/Pending In Last 6 months | 5 | 107 |
Absorption Rate (Solds) | 1080 days | 507 days |
Absorption Rate (Solds Plus Pendings) | 648 days | 310 days |
Average Days on Market | 144 | 146 |
Median Price Change From 1 Year Ago | -18% | 21% |
Median Price | $745,000 | $2,543,500 |
Price Chng. From Prior Month | None sold prior month | 2% |
Average Price | $938,428 | $2,897,689 |
AS OF MARCH 31, 2007 | ATTACHED HOMES | DETACHED HOMES |
Active | 14 | 224 |
New on Market in March | 4 | 60 |
Sold in Last 6 Months | 4 | 74 |
Sold/Pending In Last 6 months | 8 | 114 |
Absorption Rate (Solds) | 630 days | 545 days |
Absorption Rate (Solds Plus Pendings) | 315 days | 354 days |
Average Days on Market | 218 | 128 |
Median Price Change From 1 Year Ago | -18% | 16% |
Median Price | $745,000 | $2,875,000 |
Price Chng. From Prior Month | 0% | 13% |
Average Price | $819,500 | $3,342,562 |
Please feel free to call me at (760) 840-1360 or email me at JDowler@remax.net if I can be of assistance or answer any questions about Rancho Santa Fe or other communities in the Carlsbad area.
Click photo to link to my personal website
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Passionate about solving buyer & seller real estate problems in Carlsbad & coastal North County San Diego communities. Relocation to Carlsbad and nearby is my forte! CALL or TEXT ME at (760) 840-1360.
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If you searching for a home in this community and would like a complete list of properties that meet your criteria (price, size, etc.) I am happy to provide that to you, with no obligation.
Since the town does not allow for sale signs there is no way to know what properties are for sale if you are driving around and looking. The same is true in La Jolla, if that community is of interest. Stay tuned for a community profile there.
Jeff