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

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

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

Rancho Santa Fe Home Sales for December 2024

 

Rancho Santa Fe Country Club in Rancho Santa Fe CABuyers 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 on average. The community offers large estates, gated communities, and luxury and equestrian properties on expansive lots, often measured in acres. When this report was written there were 20 homes priced at over 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 December 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 7 single family homes sold in December, compared to 10 in November. 2 condos and 1 townhome were sold versus 2 townhome sales in November.
  • Sales prices ranged from $1,410,000 to $13,700,000.
  • The average sales price of the single family homes was $5,278,571, up 11% from the average sales price in November. The condo and townhome sales averaged $2,140,000, up 10% from last month.
  • The single family detached homes were on the market for an average of 76 days, with 2 homes selling in 1 week or less.
  • The median sales price for single family homes was $4,100,000, down 1% from last month.
  • On average, single family homes sold for 91% of the original list price. 1 home sold for 100% of asking price. 1 of the 2  condos sold for 105% 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 76 Rancho Santa Fe homes for sale (73 are single family detached homes), ranging in price from $1,900,000 to $100,000,000, down from 95 last month. This is a supply of 5.9 months for detached single family homes at the current rate of sales (based on a 3-month period), down from 6.1 months last month. At the time this report was written there were 3 condo and townhome listings, a supply of 1.1 months at the current rate of sales, down from 15 days 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 is a very strong seller’s market for buyers of condos, townhomes and duplexes with only 3 available properties.

 

14 Rancho Santa Fe homes came on the market in December compared to 22 last month. The number of homes going pending increased slightly by 3 to 13 (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 via text at (760) 840-1360

 

I am 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.

 

SEARCH RANCHO SANTA FE HOMES FOR SALE

 

READ MORE:

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

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Show All Comments Sort:
Gloria Todor
Premier Property Sales & Rentals - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

Jeff, Great market report for buyers and sellers in Rancho Santa Fe.  May you help many buyers and sellers.

Jan 13, 2025 06:44 PM
Jeff Dowler, CRS

Thank you Gloria Todor  I hope so.

Thank you for the kind words!

Jeff

Jan 13, 2025 07:40 PM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Jeff, I always enjoy reading your market updates.  Made for people to understand and translate to their needs.  As always, well done.  m

Jan 14, 2025 03:58 AM
Jeff Dowler, CRS

Thank you for the compliment Mark Don McInnes, Sandpoint-Idaho  Glad you enjoyed it, and hope potential buyers and sellers will as well.

Jeff

Jan 14, 2025 09:38 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Rancho Santa Fe is such a nice place to call home and if I were to ever hear of someone needing real estate assistance there, I would not hesitate to refer them to you!

Jan 14, 2025 04:47 AM
Jeff Dowler, CRS

Thank you Brian England 

Rancho Santa Fe IS a beautiful community, albeit an expensive one.

Jeff

Jan 14, 2025 09:39 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Tuesday morning, Jeff.

Have a great day and an outstanding week.

Jan 14, 2025 07:15 AM
Jeff Dowler, CRS

Hi Roy Kelley 

Thank you kindly! You as well.

Jeff

Jan 14, 2025 09:40 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jeff, I always am interested in your market reports since I have friends in your area.  Thank You.

 

Jan 14, 2025 09:20 AM
Jeff Dowler, CRS

Hi Will Hamm 

Thank you, I appreciate that! I hope your friends aren't near the wildfires!

Jeff

Jan 14, 2025 09:43 AM