What’s My Rancho Santa Fe Home Worth? Market Report for February 2018

By
Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of My Rancho Santa Fe Home?

Rancho Santa Fe Home Sales for March 2018

 

Rancho Santa Fe Country ClubBuyers and sellers in the Rancho Santa Fe real estate market need up to date information about the current market conditions to be able to make informed decisions about Rancho Santa Fe homes for sale

 

The Rancho Santa Fe housing market is the most expensive community, on average, in San Diego County, with large estates, gated communities, and luxury and equestrian properties on expansive lots. Indeed, 2 of the more expensive listings in San Diego County, at $28,000,000 and a range of $33,963,000 - $39,963,000, are in RSF.

 

READ MORE ABOUT RANCHO SANTA FE: 

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

 

Here is a summary of the Rancho Santa Fe housing market for March 2018 based on information from the MLS (private sales are not included). These data are deemed reliable at the time of this report but are not guaranteed.

 

  •         Sales of detached homes for March rose dramatically from February to 31 sales. There were 4 attached home sales in March, compared to 1 last month. 43% of the transactions were cash, compared to 38% in January.
  •         The average sales price of the detached homes sold was $2,304,807, an increase by 16% from the February average sales price (in part due to the sale of 5 homes at over $4M). The average price of the attached homes was $1,107,500.The median sales price for detached homes was $2,350,000 (down 6%) and $1,052,500 for attached.
  •         Average marketing time for the detached homes was 62 days compared to 52 in February, and 91 days for the attached homes.
  •         The detached homes sold, on average, for 91% of asking price, with 5 selling at or above asking price. One attached home sold for list price.
  •         As of the end of March there were 3 homes in the Rancho Santa Fe real estate market with a Contingent status (i.e., typically there are short sale and REO homes that had offers being reviewed by the lenders) compared to 1 last month.

 

As of the end of March 2018 there were 202 Rancho Santa Fe homes for sale (98% of these are detached single family homes), an increase in inventory by 15% from last month. This represents an inventory of 1.7 months for attached homes (down from 2 months in February) and 10.6 months for detached homes at the current rate of sales (based on a 6-month period), down from 10.7 months in February.

 

 

The high end market continues to shift in Rancho Santa Fe, and is a market that still favors buyers for detached single family homes, luxury properties and estates, but is a strong seller’s market for buyers of attached homes (condos and town homes).

 

Gold Course homes in Rancho Santa Fe

 

The number of Rancho Santa Fe homes coming on the market in March (53) was up 13% from last month. However, the number of homes going pending in March, 22 (excluding those that closed escrow), decreased by 27% from February!

 

Data are based on MLS information 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 call me at (760) 840-1360. I am happy to discuss your housing needs and budget, and then help you develop a strategy to buy your new Rancho Santa Fe home in 2018.

 

And if you wish to sell your Rancho Santa Fe home we should discuss your plans and timing, a free market analysis, and create a strategy to get your home sold in the time frame that works for you!

 

SEARCH RANCHO SANTA FE HOMES FOR SALE

 

READ MORE:

What’s my Rancho Santa Fe Home Worth? Homes for Sale for February 2018

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Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This is a good community report, Jeff. You know the facts and buyers should contact you if they want a home in Rancho Santa Fe.

Apr 03, 2018 07:30 PM #1
Rainmaker
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Joyce Marsh
Regal | Christie's International Real Estate - Ormond Beach, FL
Regal Christie's International Real Estate

Your market expertise would be very helpful to buyers and sellers looking to buy or sell in this beautiful city. 

Apr 04, 2018 12:13 AM #3
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Apr 04, 2018 05:13 AM #4
Rainmaker
1,527,182
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Jeff, you are well versed in the Rancho Santa Fe market. When it's time to buy or sell in the area you are the agent to reach out too.

Apr 04, 2018 05:32 AM #5
Rainmaker
3,369,821
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. All I need  to know about Rancho Santa Fe real estate is your phnoe number. Thanks for the update. Enjoy your day!

Apr 04, 2018 05:34 AM #6
Rainmaker
4,162,515
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, hope you have some homeowners in Rancho Santa Fe give you a call in hopes of selling at top dollar. 

Apr 04, 2018 06:56 AM #7
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks Debbie Reynolds  - it's a pretty unique community in many ways, but a beautiful one with opportunities for those with the budget!

Jeff

Apr 04, 2018 08:25 PM #8
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thank you Joyce Marsh, Daytona Beach Florida  It's definitely important to watch the trends and understand the market conditions.

Thank you for the compliment Gita Bantwal 

Jeff

Apr 04, 2018 08:26 PM #9
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Amanda S. Davidson 

There are a lot of great opportunities, depending on budget, for buyers interested in this area. And it could be the right time for certain sellers, too!

Jeff

Apr 04, 2018 08:27 PM #10
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Wayne Martin  - I appreciate that!! It's a good place to start!

Thanks Joan Cox  I am here to help when the time is right.

Jeff

Apr 04, 2018 08:28 PM #11
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