The number of sales for Rancho Santa Fe, CA are steadily holding as high as our past peak years with 22 single family home sales in June, 2011 with the lowest price of $835,000 and the highest sale at $5,500,000. The average sales price was $411/sq.ft. which is down from the peak of $550/sq.ft. Buyers obtained an average of 7% off the asking price with an average of 158 days on the market.
The Covenant is the oldest development where there is a minimum of 1 acre to some homes and some having 60 acres plus where the zoning allows 1 horse per every acre but the property must have at least two acres to have horses. There were 7 sales in the Covenant which sold for an average of $409/sq.ft. with buyers obtaining 7% off and 137 days on the market.
Fairbanks Ranch is a large gated 24-hour security guarded development with wide boulevards, custom homes of every architectural style, and a private equestrian center just for the Fairbanks Ranch owners, along with tennis courts, club house, and lake. Price range is $1,300,000 to $20,000,000. There were 5 sales with an average of $398/sq.ft. and buyers obtaining an average of 10% off the asking price and an average of 116 days.
There were 25 pending sales, 1 foreclosed home, and 18 possible short sales in all of Rancho Santa Fe which has a population of 6,000.
Rancho Santa Fe borders Del Mar, CA on the west side and goes inland for 15 minutes. It takes approximately 15 minutes from the east side to get to the beach and the City of Del Mar. It is approximately 20 minutes to La Jolla, CA and you can be at the San Diego Lindberg Airport and downtown San Diego within 35 minutes.
The schools are considered some of the best in the U.S. and it is a family friendly community that is peaceful and quiet like living in the country but centrally located to San Diego's many activities and a two hour drive to Los Angeles and Disneyland with Amtrak service both north and south.
Contact Jane Foster, Rancho Santa Fe CA Luxury Homes, www.JaneFoster.com, JaneFoster@san.rr.com, (858)349-7614 for a list of homes to suit your specifications.