Thu Jun 08 2023
This week the median list price for Rancho Santa Fe, CA is $6,087,500 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 64.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$6,087,500|
|Median Price of New Listings||$7,645,000|
|Per Square Foot||$990|
|Average Days on Market||203|
|Median Days on Market||63|
|Slight Seller's Advantage|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$12,995,000||10,800||2.5 - 5 acres||6||7.3||17||0||1||63|
|$7,645,000||8,320||2.5 - 5 acres||5||6.5||18||2||1||31|
|$5,622,500||5,893||2.5 - 5 acres||4||4.5||34||0||1||66|
|$3,693,500||3,998||1 - 2.5 acres||4||4.5||7||0||3||77|