What’s the Value of My Rancho Santa Fe Home?
Rancho Santa Fe Home Sales for December 2023
It’s essential that buyers and sellers in Rancho Santa Fe have up-to-date information about local market conditions so they can make educated buying or selling decisions about Rancho Santa Fe homes for sale.
The Rancho Santa Fe housing market is the most expensive in San Diego County on average. There are large estates, gated communities, and luxury and equestrian properties on expansive lots, often measured in acres. At the time this report was written there were 20 homes priced over $10,000,000.
LEARN MORE ABOUT RANCHO SANTA FE:
Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego
Here’s what took place in the Rancho Santa Fe housing market in December 2023 based on data from the MLS (private sales are not included). The data are believed to be reliable at the time this report was written but are not guaranteed.
- There were 9 single family homes sold in December, compared to 12 in November. 1 condo sold, the same as last month.
- Sales prices ranged from $1,230,000 to $6,700,000.
- The average sales price of the single family homes was $4,413,444, 36% lower than the average sales price in November. The condo sold for $1,230,000 compared to last month’s 1 condo sale at $1,610,000.
- The single family homes were on the market for an average of 47 days, with 1 selling in 10 days. The condo sold in 14 days.
- The median sales price for single family homes was $4,465,000, down 21% from last month. There is no median price for the condos as there was only 1 sale.
- On average, single family homes sold for 97% of the original list price. 2 homes sold for asking price. The condo sold for 88% of list price.
- As of the end of December there was 1 home in the Rancho Santa Fe housing market with an Active Under Contract status, the same as last month.
At the end of December there were 73 Rancho Santa Fe homes for sale (68 are single family detached homes), ranging in price from $1,099,900 to $98,500,000, down from 75 last month. This is a supply of 5.7 months for detached single family homes at the current rate of sales (based on a 3-month period), up from 5 months in November. At the time this report was written there were 5 condo and townhouse listings, a supply of 2.1 months at the current rate of sales, up from 15 days last month.
The high end market continues to shift in Rancho Santa Fe and is becoming more of a balanced market for single family homes, luxury properties and estates. However, Rancho Santa Fe remains a very strong seller’s market for buyers of condos, townhomes and duplexes.
23 Rancho Santa Fe homes came on the market in December compared to 14 last month. The number of homes going pending also increased from 9 to 14 (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 specific areas such as Fairbanks Ranch and the Covenant, please reach out to me directly or by text at (760) 840-1360.
I'm happy to discuss your personal housing needs, lifestyle and budget, and help you develop a strategy to buy a new Rancho Santa Fe home when the time is right for you.
If you are considering selling your Rancho Santa Fe home let’s discuss your plans and timing. I’ll also provide you with a market and equity analysis for your home. Then we’ll create a plan to get your home sold, for the best price, terms, and conditions, and in the time frame that works for you!
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What’s my Rancho Santa Fe Home Worth? Homes for Sale for November 2023
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