What’s the Value of My Rancho Santa Fe Home?
Home Sales for September 2024
Buyers 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.
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.
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READ MORE:
What’s my Rancho Santa Fe Home Worth? Homes for Sale for August 2024
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