The median list price in Rancho Santa Fe, CA 92067 is $3,495,000.
Demand for Rancho Santa Fe real estate is increasing measured by the Market Action Index (MAI) and days-on-market is trending downward. Even as more properties come available, these are positive trends for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
The Rancho Santa Fe real estate market has started cooling and prices have been flat for several weeks. Since we’re in the seller’s zone, watch for changes in the MAI. If the market drops consistently or falls into the buyer’s zone, watch for downward pressure on prices.
REAL-TIME MARKET PROFILE
Median List Price $3,495,000
Asking Price per Square Foot $561
Average Days on Market 243
Percent of Properties with Price Decrease 31%
Median House Size 6,638 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 5.5
Market Action Index SELLER’S ADVANTAGE 31.1
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.