The median list price in Rancho Santa Fe, CA 92067 is $3,690,000.
The Market Action Index (MAI) for Rancho Santa Fe homes for sale has been climbing lately while days-on-market are trending down. These point to a positive near-term outlook for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
Rancho Santa Fe home sales have been exceeding new inventory for several weeks. This is a buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, expect to see upward pressure on Rancho Santa Fe real estate prices.
REAL-TIME MARKET PROFILE
Median List Price $3,690,000
Asking Price per Square Foot $586
Average Days on Market 171
Percent of Properties with Price Decrease 22%
Median House Size 6,330 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 5.5
Market Action Index BUYER’S ADVANTAGE 26.7
We continue to see little price change for the Rancho Santa Fe real estate market. However, we continue to demonstrate a nice up-trend in general over the last several weeks. Since we’re significantly below the top of the market, look for a persistent upshift 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.