Rancho Santa Fe Homes for Sale | Rancho Santa Fe Real Estate Market Report for October 2010

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

Rancho Santa Fe Real Estate Market Report for October 2010

Rancho Santa Fe real estate market report for October 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. 

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

Walkable Neighborhoods - Rancho Santa Fe Real Estate Near Ranch Santa Fe Village

Rancho Santa Fe Homes - The Crosby: Golf Community Extraordinaire

Here is a summary of the Rancho Santa Fe real estate market for October 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

17 (up 21%)

14 (up 8%)

*3 (up by 3)

Average $

$2,599,070 (down 7%)

$3,026,050 (up 8%)

*$606,500

DOM

129

140

78

Sale $/List $

 

90%

88%

98%

*Note: There were no attached sales in June, July, August, or September for comparison to October statistics

The number of detached homes sold in Rancho Santa Fe increased again over the prior month, and average prices for detached homes increased. After 3 months we saw sales of attached homes occurring.

 As of the end of October there were 13 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 October 2010 there were 302 Ranch Santa Fe homes for sale (97% of these are detached), 6% less than last month, another decline. This represents an inventory of 4.9 months for attached homes (down from 6 months in September), and 17.4 months for detached homes at the current rate of sales (based on a 6-month period), which is up slightly from 17.4 months in September.

The number of Rancho Santa Fe homes coming on the market in October declined: 34 as opposed to 37 last month, with 19 homes going pending during the same period, 2 more than in September.

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 September 2010

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

 

Comments (4)

Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Jeff:  The list and sale prices seem to be coming closer together!  Maybe we really are bouncing along the bottom!

Nov 11, 2010 08:57 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Jack - could be. RSF is a pretty unique community, the priciest in SD County. In some ways it seems to have its own market. LOL

Jeff

Nov 11, 2010 12:57 PM
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Jeff, The Rancho Santa Fe Market looks to be quite stable and actually exceeding expectations. That is good and I hope the trend catches on in the other markets that maybe aren't doing as well. Very encouraging report!

Nov 11, 2010 03:44 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Jeff - it looks like the market is doing quite well out there! Great photo with your market report!

Nov 12, 2010 10:48 AM