Rancho Santa Fe, CA Real Estate News

By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
First Republic Bank has created the first statistical model-The Prestige Home Index-that measures changes in home values in excess of $1 million in key California markets. What are some of the common features of these indexed homes? They have at least 3000 to 6000 feet, three to six bedrooms and three to six bathrooms, according to the study. Many are substantially larger. Digested reporting of this index would probably too hefty for one blog. Instead, we'll turn it into three shorter ones.Today's focus will be balmy and palmy San Diego County in Southern California-with emphasis on the tony towns and zips of Rancho Santa Fe (92067), La Jolla (92037) and Del Mar (92014).First Republic reports that the average luxury home in San Diego is a record $2.18 million at the end of 3Q 2006.  Fir...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
Here are the summary MLS statistics for Devember 2006 for Rancho Santa Fe, CA. As in other communities, marketing time has slowed dramatically (even though it tends to be much longer for very high priced communities anyhow), and there is a large inventory of homes to select from. Keep in mind that the amrketing time represented here may actually underestimate realty, since some homes may have been listed previously with the same, or a different, agent - the MLS only provides days on market (DOM) for the current contract. It is not unusual for a very high pried home to be on the market for a year, or more. But some do sell quickly since there are always buyers of luxury homes on the lookout for a particular type of property.If you live here, you are already aware of the priciness of this...
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