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Rancho Santa Fe Real Estate - February 2010 Market Update

By
Real Estate Agent with Globella Buyers Realty

Eleven Rancho Santa Fe real estate listings closed in January 2010 per the Sandicor MLS. All of the eleven were detached homes, ranging in price from $1,225,000 to $7,800,000. The highest sale price per square foot was $604.67/sf, and the lowest was $302.48/sf.

  • One of the homes sold for $1,395,000 less than the list price.
  • All eleven sellers/listing agents offered a commission to the buyer's agent.
  • Nine of the eleven transactions had both parties represented by a different agent (a seller's agent and a buyer's agent).
  • Two of the transactions were transactions in which dual agency possibly occurred (which means the seller's agent possibly also represented the buyer). Actually, all we know from Sandicor is that the listing agent is also listed as the buyer's agent. Whether or not the real estate agent acted as a dual agent or only as an agent for the seller isn't disclosed.
  • Eight of the eleven closed Rancho Santa Fe real estate listings were located in a neighborhood called Covenant (or The Covenant).
  • Two were in Fairbanks Ranch. One was in Del Ray Estates.
  • The largest lot was larger than than 4 acres.
  • The smallest lot was possibly as small as 0.25 acre.

What's currently for sale in Rancho Santa Fe?

  • There are currently 217 Rancho Santa Fe real estate listings for sale in the 92067 zip code.
  • These 217 listings range in price from $795,000 to $29,900,000.
  • 214 of the 217 Rancho Santa Fe real estate listings are detached homes.
  • Eight of the 217 listings are listed as short sales.
  • Currently, there are 17 properties listed as "pending" in Sandicor, ranging in price from $845,000 to $7,995,000.
  • There are also 12 listings marked as "contingent." Look for a future post from me that explains what "contingent" means in Sandicor terms.

Search for Rancho Santa Fe real estate listings on our website at globella.com.

All date reported in this post was taken from Sandicor on 2/4/2010.

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