Rancho Santa Fe Real Estate Market - June 2011 - Real Estate Market Report Rancho Santa Fe
The median list price in RANCHO SANTA FE, CA this week is $2,995,000. The 265 properties have been on the market for an average of 232 days.
With inventory trending up but days- on-market trending down and the Market Action Index essentially flat recently, conditions do not seem to have strong up or down pull.
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
As you can see by the following charts it is a good time to look at Rancho Santa Fe Homes For Sale
Median Price
Price Per Square Foot
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Inventory of Properties Listed
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
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Steve Creekmore
(858)829-2931
Steve@CreekmoreGroup.com
http://eSanDiegoHomesForSale.com
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