Rancho Santa Fe Real Estate Market Report for March 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. 

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Here is a summary of the Rancho Santa Fe real estate market for March 2011 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

The number of detached homes sold in Rancho Santa Fe more than doubled over February sale; there were no attached homes sales. The average sales price of a detached home also increased.

As of the end of March 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), 1 more than last month, and, thus, are included in the Active statistics below..

As of March 2011 there were 270 Ranch Santa Fe homes for sale (96% of these are detached), up 7% over last month. This represents an inventory of 8.2 months for attached homes (up from 7.1 months in February), and 15.1 months for detached homes at the current rate of sales (based on a 6-month period), which is down from 16.9 months in February.

The number of Rancho Santa Fe homes coming on the market in March substantially more than in February, up 47% (56 new listings), with 25 homes going pending during the same period, about the same as last month.

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. 

Search for Homes for Sale in Rancho Santa Fe CA

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