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What’s My Rancho Santa Fe Home Worth? Market Report for September 2024

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

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

Home Sales for September 2024

 

Rancho Santa Fe Country ClubBuyers and sellers in Rancho Santa Fe need up-to-date 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 30 homes listed for more than $10,000,000, with 1 at $100,000,000.

 

LEARN MORE ABOUT RANCHO SANTA FE: 

 Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego

 

Here’s what happened in the Rancho Santa Fe housing market in September 2024 based on information in the MLS (private sales are not included). The data are believed to be reliable when this report was written but are not guaranteed.

 

  • There were 17 single family homes sold in September, compared to 10 in August. 1 townhome was sold versus 3 condos sold in August.
  • Sales prices ranged from $1,825,000 to $11,820,000.
  • The average sales price of the single family homes was $5,608,088, up 17% from the average sales price in August. The 1 townhome sale was for $1,945,000.
  • The single family detached homes were on the market for an average of 39 days, with 5 homes selling in 7 days or less. The townhome took 65 days to go pending.
  • The median sales price for single family homes was $5,100,000, up 15% from last month. There was no median price for condos and townhomes with only 1 sale.
  • On average, single family homes sold for 93% of the original list price. 3 single family homes sold for the asking price. The townhome sold for 90% of the original list price.
  • As of the end of September there were 2 homes in the Rancho Santa Fe housing market with an Active Under Contract status, compared to 1 last month.

 

At the end of September there were 104 Rancho Santa Fe homes for sale (97 are single family detached homes), ranging in price from $1,539,000 to $100,000,000, down from 109 last month. This is a supply of 6.3 months for detached single family homes at the current rate of sales (based on a 3-month period), down from 7 months last month. At the time this report was written there were 7 condo and townhome listings, a supply of 3.5 months at the current rate of sales, up from 1.5 months last month.

 

golf course homes in Rancho Santa Fe CA

 

The high end market continues to evolve in Rancho Santa Fe and is a balanced market for single family homes, luxury properties and estates. Rancho Santa Fe remains a seller’s market for buyers of condos, townhomes and duplexes.

 

26 Rancho Santa Fe homes came on the market in September compared to 32 last month. The number of homes going pending rose by 5 to 16 (excluding homes that closed escrow in September).

 

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 am happy to discuss your particular housing needs, lifestyle and budget, and help you create a strategy to buy your new Rancho Santa Fe home when the time is right.

 

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.

 

SEARCH RANCHO SANTA FE HOMES FOR SALE

 

READ MORE:

What’s my Rancho Santa Fe Home Worth? Homes for Sale for August 2024

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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

Wow loved your main photo Jeff Dowler, CRS  now I hear Brian England  is coming to visit you soon, is he home shopping in the mid to high price points? Endre

Oct 11, 2024 10:35 PM
Jeff Dowler, CRS

I'll let Brian England answer that question, Endre Barath, Jr. 

Glad you liked the photo. Cielo is a beautiful community with great views.

Jeff

Oct 12, 2024 10:08 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am not sure why Endre Barath, Jr. thinks I can afford a home in Rancho Santa Fe, but I hope that John Pusa will find the money that Endre thinks I have so that I can indeed shop for a home with you in Carlsbad!!!

Oct 12, 2024 05:45 AM
Jeff Dowler, CRS

Brian England 

I have no idea either.

Jeff

Oct 12, 2024 10:13 AM
John Pusa

Hello Brian England I will search for the money Endre Barath, Jr. think you have.

Oct 12, 2024 01:33 PM
John Pusa
Glendale, CA

Hello Jeff Dowler, CRS this is very nice home at Rancho, Santa Fe. Very valuable detailed market report for Rancho Santa Fe, September 2024.

Oct 12, 2024 01:38 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Brian England  I appreciate how humble you are with all your wealth, developing a hillside and being on vacation six months out of the year.... Endre 

Oct 12, 2024 09:43 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.

Oct 23, 2024 05:19 PM