The median list price in Rancho Santa Fe, CA 92067 is $3,490,000.
Even though the days-on-market is trending higher, so is the Market Action Index (MAI) at these inventory levels, providing a neutral outlook for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
In the last few weeks homes for sale in Rancho Santa Fe have achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the seller’s market zone so watch for changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
REAL-TIME MARKET PROFILE
Median List Price $3,490,000
Asking Price per Square Foot $571
Average Days on Market 193
Percent of Properties with Price Decrease 34%
Median House Size 6,378 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 5.5
Market Action Index SELLER’S ADVANTAGE 30.0
We continue to see prices in the Rancho Santa Fe real estate market bounce around this plateau. Look for a persistent down-shift in the MAI before we see prices move from these levels.
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.