The median list price in Rancho Santa Fe, CA 92067 is $3,495,000.
Inventory is up and the Market Action Index (MAI) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening.
SUPPLY AND DEMAND
The MAI has been trending lower for several weeks while prices have remained relatively stable. If Rancho Santa Fe inventory continues to grow relative to demand however, it is likely we will see downward pressure on pricing.
REAL-TIME MARKET PROFILE
Median List Price $3,495,000
Asking Price per Square Foot $554
Average Days on Market 204
Percent of Properties with Price Decrease 30%
Median House Size 6,610 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 5.5
Market Action Index BUYER’S ADVANTAGE 27.7
Rancho Santa Fe real estate prices seem to have settled around a plateau. Look for a persistent down-shift in the MAI before we see prices move from these levels.
MAI (Market Action Index)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of Rancho Santa Fe home sales versus the amount of inventory. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.