Rancho Santa Fe Real Estate Market Report 

for May 2010

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 a home in Rancho Santa Fe, or selling your 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, and 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. 

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

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Here is a summary of the Rancho Santa Fe real estate market for May 2010 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

The number of homes sold in Rancho Santa Fe declined modestly from last month, and average sales prices also shifted downward across the board. Average prices were the lowest they have been since at least September 2009. As is common in expensive communities, the marketing time has remained fairly high but declined for the third month in a row.

 As of the end of May there were 17 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) and, thus, are included in the Active statistics below.

As of May 2010 there were 317 Ranch Santa Fe homes for sale (93% of these are detached), an increase of 5% over last month. This represents an inventory of 16.5 months for attached homes (up from 12.1 in April), and 23.3 months for detached homes at the current rate of sales (based on a 6-month period), which is up from 19.3 months in April.

A few more Rancho Santa Fe homes came on the market in May: 59 as opposed to 54 last month, with17 homes going pending during the same period, a decrease of 23% over April pendings.

While higher end homes are selling in the Rancho Santa Fe real estate market (relative to their average price), all the sales thus far this year are under $10 million. There are currently 12 homes on the market in the $10 to $30 million range, some of which have been on the market more than 1 year.

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 Real Estate - Rancho Santa Fe Real Estate Market Report for April 2010

Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for March 2010

Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for February 2010

Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for January 2010

Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for December 2009

Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for November 2009

Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for October 2009

Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for September 2009

Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for August 2009

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 If I can provide more information about Rancho Santa Fe real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at or email me at JDowler@remax.net.

All content copyright © 2010 Jeff Dowler Carlsbad Homes and Real Estate Tidbits