What’s My Rancho Santa Fe Home Worth? Market Report for December 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 Home Sales for December 2021

 

Rancho Santa Fe Country Club photoBuyers and sellers in the Rancho Santa Fe real estate market should have current information about local market conditions in order to make educated decisions about Rancho Santa Fe homes for sale, whether they are selling, buying, or investing. 

 

The Rancho Santa Fe housing market is the most expensive community in San Diego County, on average. There are large estates, gated communities, and luxury and equestrian properties on expansive lots often measured in acres. As of this writing there are 17 properties listed for more than $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 December 2021 based on data from the MLS (private sales are not included). These data are considered reliable at the time this report was written but are not guaranteed.

 

  • There were 16 sales of single family homes in December, 3 more sales than last month. There were no condo sales in December, compared to 3 in November.
  • Sales prices ranged from $2,250,000 to $7,050,000
  • The average sales price of the single family homes was $4,341,875, down 16% from the average sales price last month (no doubt in part due to the sale last month of 9 homes over $5M with 1 at $15,600,000 and 1 at $11,750,000 that raised the November average)
  • The median sales price for single family homes was $3,970,000, up 11%.
  • On average the single family homes sold for 94% of the original asking price. 4 of the homes sold for list price or more.
  • As of the end of December there was 1 home in the Rancho Santa Fe real estate market with an Active Under Contract status, the same as the last 3 months.

 

At the end of December 2021 there were 45 Rancho Santa Fe homes for sale (all but 2 are single family detached homes), ranging in price from $1,150,000 to $98,500,000, down 22% last month (58). This represents a supply of 2.4 months for single family homes at the current rate of sales (based on a 6-month period), the same as in November.

Rancho Santa Fe townhomes

The high end market has continued to shift in Rancho Santa Fe, and remains a strong sellers’ market for single family homes, luxury properties and estates, and is a very strong seller’s market for condos, townhomes and duplexes, with only 1 listing available as of today.

 

The number of Rancho Santa Fe homes coming on the market in December dropped from last month, from 16 to 7, another decline but not a surprise given the holidays. Similarly 12 homes went pending, 2 fewer pendings than last month (excluding homes that closed escrow in December).

 

If you would like more detailed information about the Rancho Santa Fe housing market regarding current activity, as well as for particular areas such as Fairbanks Ranch and the Covenant, please reach out to me at (760) 840-1360

 

I am happy to discuss your specific housing needs and budget, and help you develop a strategy to buy your new Rancho Santa Fe home.

 

If you are thinking about selling your Rancho Santa Fe home I am happy to discuss your particular plans and timing, and provide a free market and equity analysis. Then we can create a strategy to get your home sold in the time frame that works for you, and for the best price, terms, and conditions!

 

SEARCH RANCHO SANTA FE HOMES FOR SALE

 

READ MORE:

What’s my Rancho Santa Fe Home Worth? Homes for Sale for November 2021

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Comments (14)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeff - from those pictures it is certainly a beautiful area.  Great place to live for those with the budget.

Jan 15, 2022 11:03 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff, I hope your phone is ringing with people that want to know what there home is worth.  

Jan 15, 2022 12:04 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Grant Schneider 

No question Rancho Santa Fe is a beautiful area. For those with a hefty budget there are some great opportunities.

Jeff

Jan 15, 2022 12:55 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks  for the encouragement, Will Hamm .

Hope all is well in Colorado!

Enjoy the rest of the weekend!

Jeff

Jan 15, 2022 04:36 PM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

98,500,000!  I would love to tour that house.  It must be a fantastic property!  Thank you for your market update.

Jan 15, 2022 06:24 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.

Jan 16, 2022 04:14 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Geez, I can't even imagine how amazing that home listed for $98 million must be.  It seems like a whole village could be built with that kind of money, haha.

Jan 16, 2022 04:35 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS - My curiosity got the better of me so I had to check out the $98 + million estate.  With 77 acres of prime San Diego County land for sale, it makes sense why the price tag is so high.  It reminds me a lot of Santa Barbara.  I love this style of home. 

Jan 16, 2022 09:25 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

That is certainly an area of distinction. One sale a year and sit back and wait for another

Jan 16, 2022 09:27 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Interesting how home prices vary from one area to the next, Jeff. You are the go-to agent in the Rancho Santa Fe community. Happy sales to you!

Jan 16, 2022 10:04 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Raymond Henson, eXp Realty 

No doubt it's an amazing property. My guess it will take a while to find the right buyer.

Jeff

Jan 16, 2022 10:15 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thank you Myrl Jeffcoat 

Brian England - Well, given the property has over 70 acres I think there IS room for a village in addition to what is already there.

Jeff

Jan 16, 2022 10:17 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Sheri Sperry - MCNE® 

It's hard to resist checking out high-end properties, wherever they are. 

Jeff

Jan 16, 2022 07:49 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed Silva 

1 or 2 big sales COULD be a windfall for sure. It's become a pretty competitive market at the high end but some homes still take a while to happen.

Jeff

Jan 25, 2022 08:19 PM