LESLIE SELICH-MARKET UPDATE
Rancho Santa Fe, CA 92067
Single-Family Homes
760.445.1144 | leslie@leslieselich.com | DRE# 01319198
Rancho Santa Fe, CA 92067
Sat May 18 2024
This week the median list price for Rancho Santa Fe, CA 92067 is $7,395,000 with the market action index hovering around 30. This is an increase over last month's market action index of 29. Inventory has held steady at or around 81.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer’s market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller’s zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $7,395,000 | |
| Median Price of New Listings | $6,137,500 | |
| Per Square Foot | $1,015 | |
| Average Days on Market | 213 | |
| Median Days on Market | 70 | |
| Price Decreased | 31% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 81 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $14,975,000 | 9,974 | 2.5 - 5 acres | 6 | 7.5 | 23 | 1 | 2 | 133 |
| $9,894,000 | 10,125 | 2.5 - 5 acres | 6 | 7.3 | 24 | 1 | 0 | 84 |
| $5,544,500 | 6,059 | 1 - 2.5 acres | 5 | 5.5 | 29 | 0 | 0 | 63 |
| $3,700,000 | 3,638 | 1 - 2.5 acres | 4 | 4 | 36 | 2 | 2 | 42 |