What’s My Rancho Santa Fe Home Worth? Market Report for October 2019

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 October 2019

 

Rancho Santa Fe Country ClubIt’s important for buyers and sellers in the Rancho Santa Fe real estate market to have up to date information about current local market conditions to be able to make informed decisions about Rancho Santa Fe homes for sale, whether buying, selling, or investing. 

 

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 often measured in acres. Rancho Santa Fe currently has 12 properties listed at over $10,000,000, with 1 at $39,000,000!

 

LEARN 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 October 2019 based on information from the MLS (private sales are not included). These data are deemed reliable at the time this report was written but are not guaranteed.

 

  •         Sales of detached homes for October dropped modestly from last month, from 19 to 17. There was 1 attached (condos, town homes) home sale in October, versus none last month. 56% of the transactions were cash, compared to 42% in September.
  •         The average sales price of the detached homes was $2,905,964, down 3% from the average sales price last month. The attached home sold for $1,185,000. The median sales price for detached homes was $2,565,000 (down 1%).
  •         Average marketing time for the detached homes was 102 days compared to 68 in September.
  •         The detached homes sold, on average, for 88% of the original asking price – all homes sold for less than original asking price.
  •         As of the end of October there were no homes in the Rancho Santa Fe real estate market with a Contingent status (i.e., typically these are short sale and REO homes that have offers being reviewed by the lenders but sometimes they are first right of refusals), the same as last month.

 

As of the end of October 2019 there were 223 Rancho Santa Fe homes for sale (96% of these are detached single family homes), down 7% from September and the second decline. This represents an inventory of 6 months for attached homes (up from 5 months last month) and 11.4 months for detached homes at the current rate of sales (based on a 6-month period), down from 12.8 months last month.

 

Rancho Santa Fe golf course homes

 

The high end market continues to shift in Rancho Santa Fe, and is a market that strongly favors buyers for detached single family homes, luxury properties and estates as it has for some time, and is now a balanced market for buyers of attached properties, a market of continued limited inventory.

 

The number of Rancho Santa Fe homes coming on the market in October remained stable, at 48. The number of homes going pending in October, 23 (excluding those that closed escrow), dropped modestly from last month!

 

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 help you develop a strategy to buy your new Rancho Santa Fe home in 2019.

 

If you are considering selling your Rancho Santa Fe home we should discuss your plans and timing, a free market and equity 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 September 2019

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
California San Diego County Rancho Santa Fe
Groups:
CALIFORNIA REAL ESTATE
Market Updates
Local Expert
Market Reports
HyperLocal Neighborhood and Community Posts
Tags:
rancho santa fe homes for sale
homes for sale in rancho santa fe
equestrian properties for sale
luxury homes for sale in rancho santa fe
rancho santa fe condos for sale

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
494,242
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

 

Nov 12, 2019 09:31 PM #1
Rainmaker
2,602,312
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate market data for home buyers and sellers in Rancho Santa Fe, Jeff.

Nov 13, 2019 03:23 AM #2
Rainmaker
3,244,982
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff,  great information for people in the Rancho Santa  Fe.  Hope you have a great day!

 

Nov 13, 2019 06:32 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
4,071,467

Jeff Dowler, CRS

The Southern California Relocation Dude
What's my Carlsbad CA Area Home Worth??
*
*
*
*
Spam prevention

Additional Information