The median list price in Rancho Santa Fe, CA 92067 is $3,470,000.
The Market Action Index (MAI) for Rancho Santa Fe homes for sale has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
Rancho Santa Fe home sales continue to outstrip supply and the MAI has been moving higher for several weeks. This is a seller’s market so watch for upward pricing in the near future if the trend continues.
REAL-TIME MARKET PROFILE
Median List Price $3,470,000
Asking Price per Square Foot $587
Average Days on Market 181
Percent of Properties with Price Decrease 34%
Median House Size 6,234 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 5.5
Market Action Index SELLER’S ADVANTAGE 30.1
We continue to see little price change for the Rancho Santa Fe real estate market. 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.