The median list price in Rancho Santa Fe, CA 92067 is $3,350,000.
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
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 $3,350,000
Asking Price per Square Foot $582
Average Days on Market 242
Percent of Properties with Price Decrease 36%
Median House Size 6,095 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 5.0
Market Action Index SELLER’S ADVANTAGE 32.3
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.
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.