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What’s My Rancho Santa Fe Home Worth? Home Sales for April 2021

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

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

Rancho Santa Fe Real Estate Market Report April 2021

 

Rancho Santa Fe Country ClubIt’s important that buyers and sellers in the Rancho Santa Fe real estate market have up to date information about current local market conditions in order to make educated 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 18 properties listed at over $10,000,000, including 1 at $98,500,000!

 

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 April 2021 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.

 

There were 42 sales of single family homes for April, 6 more than last month! There were 7 condo and townhome sales in April, compared to 2 in March.

 

Sales prices ranged from $975,000 to $18,000,000

 

The average sales price of the single family homes was $4,167,336, up 32% from the average sales price last month (likely the result of 5 homes over $6M, with 1 at $18,000,000, which raised the average); the average sales price for the condos and townhomes, was $1,171,428, an increase of 5%.

 

The median sales price for single family homes was $3,318,750 (20% higher). The median for the condos and townhomes was $1,150,000, 3% higher than in March.

 

The single family homes sold, on average, for 95% of the original asking price, with 10 properties (24%) selling for list price or higher. The 5 of the 7 condos and townhomes sold for asking price or more.

 

As of the end of April there was 1 home in the Rancho Santa Fe real estate market with an Active Under Contract status, compared to 2 last month.

 Rancho Santa Fe home on the golf course

 

At the end of April 2021 there were 79 Rancho Santa Fe homes for sale (all but 1 are single family detached homes), ranging in price from $1,749,000 to $98,500,000, 13% fewer than in March. This represents an inventory of only 6 days for condos, townhomes and duplexes, and 2.1 months for single family homes at the current rate of sales (based on a 6-month period), a decrease from 2.9 months last month.

 

The high end market continues to shift in Rancho Santa Fe, and is a strong sellers’ market for single family homes, luxury properties and estates, and a very strong seller’s market for condos, townhomes and duplexes, with only 1 listing available at the time this was written.

 

The number of Rancho Santa Fe homes coming on the market in April dropped from 52 to 38. Buyers were pretty busy in April, with 46 homes going pending, compared to 41 last month (excluding those that closed escrow).

 

If you would like more details about the Rancho Santa Fe real estate market with regard to current activity as well as 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 2021.

 

If you are considering selling your Rancho Santa Fe home we should discuss your plans and timing, a market and equity analysis, and create a plan 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 March 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (11)

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jeff those huge numbers are similar to my market, although I think we got you beat with one that is $500million:)Endre

May 14, 2021 11:36 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jeff. Unlike Endre Barath, Jr. who has a market simialr to you, this midwest guy is astonished by the numbers. And even stunned at the demand! Enjoy your day.

May 15, 2021 05:26 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Jeff! I wonder what ever happened to that home in Rancho Sante Fe they gave away last year.

May 15, 2021 08:06 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - Knowing the area, those prices don't surprise me.  But clients need an expert like you especially in times like this with prices that may be overinflated.

May 15, 2021 10:23 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Endre Barath, Jr. 

Yes, the LA area definitely has San Diego beat in terms of the luxury pricing, and in general, too, I think. 

Jeff

May 15, 2021 02:42 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I know what you mean Wayne Martin . The luxury market is doing pretty well and has gotten more competitive during the pandemic.

Jeff

May 15, 2021 02:44 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I never heard anything Rocky Dickerson . Will have to poke around a bit and see what I can find out.

Jeff

May 15, 2021 02:45 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the kind words Sheri Sperry - MCNE® It's been interesting to watch the luxury market and the shift from last year.

Jeff

May 15, 2021 02:47 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I'm not surprised at the prices at all but the value is kind of beyond price, at least in my mind

May 15, 2021 11:54 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Rancho Santa Fe home buyers and sellers are sure to value your real estate market report, Jeff.

May 16, 2021 03:12 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Laura Cerrano 

The allure for many is to live in this particular community. It has a national and international reputation!

Thanks for the kind words Myrl Jeffcoat 

Jeff

May 16, 2021 08:30 PM