What’s the Value of My Rancho Santa Fe Home?
Home Sales for October 2024
Buyers and sellers in Rancho Santa Fe need current information about the local market conditions in order to make informed 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 27 homes listed for more than $10,000,000, including 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 October 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 19 single family homes sold in October, compared to 17 in September. 1 townhome and 2 condos were sold versus 3 condo sales in September.
- Sales prices ranged from $1,400,000 to $17,500,000.
- The average sales price of the single family homes was $7,100,570, up 27% from the average sales price in September. The condo and townhome sales averaged $1,696,333.
- The single family detached homes were on the market for an average of 60 days, with 3 homes selling in 6 days or less.
- The median sales price for single family homes was $6,150,000, up 21% from last month. The median price for the condos and the townhome was $1,600,000.
- On average, single family homes sold for 92% of the original list price. 1 home sold for 104% of asking price. The 2 condos sold for asking price.
- As of the end of October there were no homes in the Rancho Santa Fe housing market with an Active Under Contract status, compared to 2 last month.
At the end of October there were 102 Rancho Santa Fe homes for sale (98 are single family detached homes), ranging in price from $1,599,000 to $100,000,000, down slightly from 104 last month. This is a supply of 6.4 months for detached single family homes at the current rate of sales (based on a 3-month period), up from 6.3 months last month. At the time this report was written there were 4 condo and townhome listings, a supply of 1.7 months at the current rate of sales, down from 3.5 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 is a strong seller’s market for buyers of condos, townhomes and duplexes.
24 Rancho Santa Fe homes came on the market in October compared to 26 last month. The number of homes going pending declined by 5 to 11 (excluding homes that closed escrow in October).
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 personal housing needs, lifestyle and budget, and help you create a plan 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 September 2024
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