The Clements Group Market Report
Rancho Santa Fe, CA 92067
Single-Family Homes
Berkshire Hathaway HomeServices California Properties | www.ClementsGroupRE.com
Rancho Santa Fe, CA 92067
Tue Mar 02 2021
This week the median list price for Rancho Santa Fe, CA 92067 is $5,499,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 93.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. While still a Buyer's market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller's Market.
Real-Time Market Profile
| Median List Price | $5,499,000 | |
| Per Square Foot | $721 | |
| Days on Market | 119 | |
| Price Decreased | 19% | |
| Price Increased | 4% | |
| Relisted | 40% | |
| Inventory | 93 | |
| Median Rent | $18,500 | |
| Most Expensive | $98,500,000 | |
| Least Expensive | $1,350,000 | |
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
While this week the median price in this zip code didn't fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $11,500,000 | 10,460 | 2.5 - 5 acres | 6 | 7 | 14 | 0 | 1 | 196 |
| $6,495,000 | 9,458 | 2.5 - 5 acres | 6 | 6 | 22 | 0 | 0 | 140 |
| $4,795,000 | 6,910 | 2.5 - 5 acres | 5 | 5 | 28 | 1 | 3 | 112 |
| $2,945,000 | 4,109 | 1 - 2.5 acres | 4 | 4 | 31 | 3 | 5 | 52 |