Real Market Watch – Rancho Santa Fe
There may be more inventory on the market for Rancho Santa Fe homes than previous years, but it is beginning to look better. In February of this year, 17 homes sold proving that luxury homes are still in demand.
Some of the more expensive homes may have dropped the price even a million dollars less than the asking price, but the amount of bank owned and short sales is at a minimum in Rancho Santa Fe.
Low interest rates are aiding in allowing families to be able to afford these luxury homes with the median price around $4 million sitting in most cases on between one and three acres and only minutes from the beach. Custom homes is the main draw to the Rancho Santa Fe area which is of course bringing more buyers to the area, not to mention the summer like weather year round and the exclusive homes in the area.
Rancho Santa Fe has a diverse range of homes from condos to single-family homes on acreage and gated communities. The area offers all that families in a home with the beach, shopping, dining, and golf courses all close by along with a .45 miles of riding.
Rancho Santa Fe Homes
A glance at the range of homes available in Rancho Santa Fe will give you an idea of just what you new home can offer. The most expensive home that sold in February of 2012 was a seven bedroom, nine bathroom estate with 12,352 square feet. The home was listed for $5,999,000. The home was on the market for 225 days and then sold for $5,500,000
The least expensive home sold in Rancho Santa Fe in February of 2012 was a three bedroom, three bathroom home with 2.340 square feet. The home was listed for $849,000. It was on the market for a total of 114 days and sold for $720,000.
As you can see, the range in cost and amenities are quite extensive providing your family with many options for your new home. It is still a buyers market in Rancho Santa Fe for those that want to live a luxury lifestyle and get in on the historic interest rates that are available.
If you want to view available homes in Rancho Santa Fe let one of our professional Agents assist you by calling toll free at (866) 426-7334 today!