Rancho Santa Fe Real Estate Market for September 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 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.
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Here is a summary of the Rancho Santa Fe real estate market for September 2010 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
|
13 (up 44%) |
13 (up 44%) |
0 |
|
Average $
|
$2,789,491 (up 34%) |
$2,789,491 (up 34%) |
n/a |
|
DOM
|
153 |
153 |
n/a |
|
Sale $/List $
|
90% |
90% |
n/a |
Note: There were no attached sales in June, July or August for comparison to September statistics
The number of detached homes sold in Rancho Santa Fe increased significantly from last month, and average prices increased substantially as well. For the third month in a row there were no attached home sales.
As of the end of September there were 15 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. We are seeing more high end homes (over $1 million) that are short sales and REOs with offers being reviewed.
As of September 2010 there were 322 Ranch Santa Fe homes for sale (97% of these are detached), 8% less than last month. This represents an inventory of 6 months for attached homes (no change from August), and 17.2 months for detached homes at the current rate of sales (based on a 6-month period), which is down from 19 months in August.
The number of Rancho Santa Fe homes coming on the market in September declined: 37 as opposed to 57 last month, with 17 homes going pending during the same period, 5 more than in August.
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 August 2010
Rancho Santa Fe Homes for Sale - Rancho Santa Fe Real Estate Market Report for July 2010
Rancho Santa Fe Homes for Sale - Rancho Santa Fe Real Estate Market Report for June 2010
Rancho Santa Fe Real Estate - Rancho Santa Fe Real Estate Market Report for May 2010
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
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