The median list price in Rancho Santa Fe, CA 92067 is $3,472,500.
Inventory has been tightening and days-on-market is increasing. The Market Action Index (MAI) has been basically flat, not providing strong indications for the Rancho Santa Fe real estate market.
SUPPLY AND DEMAND
In the last few weeks the Rancho Santa Fe real estate market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in a Seller’s Market zone so watch for changes in the MAI. If the Rancho Santa Fe market heats up, prices are likely to resume an upward climb
REAL-TIME MARKET PROFILE
Median List Price $3,472,500
Asking Price per Square Foot $578
Average Days on Market 227
Percent of Properties with Price Decrease 34%
Median House Size 6,268 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 5.0
Market Action Index SELLER’S ADVANTAGE 331.8
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.