Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for January 2011

By
Real Estate Agent with Solutions Real Estate CalBRE Lic #01490977

Rancho Santa Fe Real Estate Market Report for January 2011

Rancho Santa Fe homes for sale - Market Report for January 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. 

READ MORE: 

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

Walkable Neighborhoods - Rancho Santa Fe Real Estate Near Ranch Santa Fe Village

Rancho Santa Fe Homes - The Crosby: Golf Community Extraordinaire

Here is a summary of the Rancho Santa Fe real estate market for January 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

14 (down 30%)

13 (down 28%)

1 (down 50%)

Average $

$1,803,887 (down 31%)

$1,897,271 (down 33%)

$589,900 (down 7%)

DOM

169

168

187

Sale $/List $

 

92%

92%

98%

 

The number of detached homes sold in Rancho Santa Fe decreased substantially over the prior month; average prices for detached homes also decreased as did the overall average price. Only 1 attached home sold during January, an REO.

As of the end of December there were 10 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, thus, are included in the Active statistics below..

As of January 2011 there were 256 Ranch Santa Fe homes for sale (96% of these are detached), 3% more than last month, the first inventory increase following 4 months of decline. This represents an inventory of 6.6 months for attached homes (up from 3.4 months in December), and 17.9 months for detached homes at the current rate of sales (based on a 6-month period), which is up from 16.4 months in December.

The number of Rancho Santa Fe homes coming on the market in January rose substantially: more than 3 times as many homes were listed as in December, 67 vs. 20, with 17 homes going pending during the same period, 5 more than in December (up 42%).

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. 

READ MORE:

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for December 2010

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for November 2010

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for October 2010

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for September 2010

Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for August 2010

Rancho Santa Fe Homes for Sale - Rancho Santa Fe Real Estate Market Report for July 2010

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Rancho Santa Fe
Groups:
Southern California Real Estate Forum
Posts to Localism
Market Updates
Local Expert
CALIFORNIA REAL ESTATE
Tags:
rancho santa fe homes for sale
homes for sale in rancho santa fe
rancho santa fe real estate

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
830,897
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise in NE Philadelphia & Bucks County

Jeff ..  Great stats on your area .. I must get better at this

Hannah

Feb 12, 2011 10:08 PM #1
Rainmaker
1,186,624
Steven L. Smith
King of the House Home Inspection, Inc - Bellingham, WA
Bellingham WA Home Inspector

Jeff,

I heard on the radio that, overall, our market was down 21 percent Oct thru Dec of last year.

Feb 13, 2011 11:01 AM #2
Rainmaker
1,153,781
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond
Stats are important right now to gauge the coming spring- these could have a long wait to sell...we're seeing a bit of a fumble right now & hope things improve...have a great V day- hope you get your cupcake!
Feb 13, 2011 08:50 PM #3
Ambassador
1,894,256
Jeff Dowler CRS
Solutions Real Estate - Carlsbad, CA
Carlsbad CA Homes for Sale (760) 840-1360

Hannah - just keep working at it. :)

Steven - is that all over? Your particular city? I am always suspicious of generalities.

Ginny - thanks, on several counts.

Jeff

Feb 13, 2011 09:57 PM #4
Post a Comment
Spam prevention
Show All Comments
Ambassador
1,894,256

Jeff Dowler CRS

Carlsbad CA Homes for Sale (760) 840-1360
What's my Carlsbad CA Area Home Worth??
*
*
*
Spam prevention

Additional Information