The median list price in Rancho Santa Fe, CA 92067 is $3,522,500.
Inventory has been decreasing lately but the Market Action Index (MAI) is falling also. With days-on-market climbing, these are relatively negative implications for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
While the MAI shows some strengthening in the last few weeks, prices for Rancho Santa Fe real estate have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
REAL-TIME MARKET PROFILE
Median List Price $3,522,500
Asking Price per Square Foot $576
Average Days on Market 258
Percent of Properties with Price Decrease 36%
Median House Size 6,240 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 5.0
Market Action Index SELLER’S ADVANTAGE 32.5
We continue to see prices in the Rancho Santa Fe real estate market bounce around this plateau. Look for a persistent change 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.