What’s the Value of My Rancho Santa Fe Home?
Rancho Santa Fe Home Sales for July 2024
Buyers and sellers in Rancho Santa Fe need current information about local market conditions in order to 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 in general. The community offers 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 28 homes listed for more than $10,000,000.
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Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego
Here’s what happened in the Rancho Santa Fe housing market in July 2024 based on data in the MLS (private sales are not included). The information is believed reliable when this report was written but is not guaranteed.
- There were 19 single family homes sold in July, compared to 14 in June. 1 townhome and 1 condo were sold (1 townhome and 2 condos sold last month).
- Sales prices ranged from $1,610,000 to $15,500,000.
- The average sales price of the single family homes was $5,899,368, up 18% from the average sales price in June. The townhome and condo sales averaged $1,800,000, up 26% from last month.
- The single family detached homes were on the market for an average of 46 days, with 2 homes selling in 3 days, and 1 sold being listed before being listed in the MLS.
- The median sales price for single family homes was $4,300,000, down 9% from last month. There is no median price for the condo and townhome as there were only 2 sales.
- On average, single family homes sold for 91% of the original list price. 2 of these homes sold for asking price or higher.
- As of the end of July 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 July there were 106 Rancho Santa Fe homes for sale (101 are single family detached homes), ranging in price from $1,725,000 to $21,500,000, up from 96 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 5.2 months last month. At the time this report was written there were 5 condo and townhome listings, a supply of 1.9 months at the current rate of sales, up from 1.7 months last month.
The high end market continues to evolve in Rancho Santa Fe and is trending toward being a balanced market for single family homes, luxury properties and estates. Rancho Santa Fe remains a very strong seller’s market for buyers of condos, townhomes and duplexes.
34 Rancho Santa Fe homes came on the market in July compared to 40 last month. The number of homes going pending remained the same as 12 (excluding homes that closed escrow in July).
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 via text at (760) 840-1360.
I'm happy to discuss your personal housing needs, lifestyle and budget, and help you create a strategy to buy your 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 a market and equity analysis for your home. Then we’ll develop a plan to get your home sold, for the best price, terms, and conditions, in the time frame that works for you!
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What’s my Rancho Santa Fe Home Worth? Homes for Sale for June 2024
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