What’s My Rancho Santa Fe Home Worth?
Market Report for January 2025
Buyers and sellers in Rancho Santa Fe need up-to-date information about the 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. When this report was written there were 23 homes listed for more than $10,000,000, including 1 for $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 January based on information in the MLS (private sales are not included). The data are believed reliable when this report was written but are not guaranteed.
- There were 19 single family homes sold in January, more than double the number sold in December. 1 townhome was sold versus 2 condos and 1 townhome sale last month.
- Sales prices ranged from $1,410,000 to $13,850,000.
- The average sales price of single family homes was $5,545,515, up 5% from the average sales price in December. The townhome sold for 1,410,000.
- The single family detached homes were on the market for an average of 104 days, with 2 homes selling in 4 days or less.
- The median sales price for single family homes was $5,000,000, up 22% from last month.
- On average, single family homes sold for 88% of the original list price. 1 home sold for 108% of asking price. The townhome sold for 97% of list price.
- As of the end of January 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 January there were 85 Rancho Santa Fe homes for sale (82 are single family detached homes), ranging in price from $1,650,000 to $100,000,000, up from 76 last month. This is a supply of 6.6 months for detached single family homes at the current rate of sales (based on a 3-month period), up from 5.9 months last month. At the time this report was written there were 3 condo and townhome listings, a supply of 1.5 months at the current rate of sales, up from 1.1 months last month.
The high end market continues to shift in Rancho Santa Fe and is a balanced market for single family homes, luxury properties and estates. However, Rancho Santa Fe is a very strong seller’s market for buyers of condos, townhomes and duplexes with only 3 available listings.
40 Rancho Santa Fe homes came on the market in January compared to 14 last month. The number of homes going pending decreased slightly by 3 to 10 (excluding homes that closed escrow in January).
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.
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READ MORE:
What’s my Rancho Santa Fe Home Worth? Homes for Sale for December 2024
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