Rancho Santa Fe Annual Real Estate Market Trends
| Rancho Santa Fe | ||||||||
| (Single Family Homes) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $1,408,590 | $1,250,000 | 316 | 115 | 93.0% | |||
| 1999 | $1,751,976 | $1,450,000 | 323 | 107 | 92.2% | 24.4% | 16.0% | 2.2% |
| 2000 | $2,000,078 | $1,625,000 | 341 | 107 | 92.2% | 14.2% | 12.1% | 5.6% |
| 2001 | $2,146,900 | $1,798,990 | 189 | 111 | 90.5% | 7.3% | 10.7% | -44.6% |
| 2002 | $2,224,781 | $1,825,000 | 271 | 122 | 90.8% | 3.6% | 1.4% | 43.4% |
| 2003 | $2,146,160 | $1,787,000 | 310 | 121 | 92.9% | -3.5% | -2.1% | 14.4% |
| 2004 | $2,740,500 | $2,350,000 | 316 | 106 | 93.3% | 27.7% | 31.5% | 1.9% |
| 2005 | $3,153,420 | $2,800,000 | 252 | 118 | 93.2% | 15.1% | 19.1% | -20.3% |
| 2006 | $3,333,040 | $2,750,000 | 219 | 112 | 92.6% | 5.7% | -1.8% | -13.1% |
| 2007 | $3,364,430 | $2,730,000 | 195 | 129 | 92.4% | 0.9% | -0.7% | -11.0% |
| 2008 | $3,413,890 | $2,700,000 | 147 | 116 | 90.7% | 1.5% | -1.1% | -24.6% |
| 2009 | $2,697,410 | $2,275,000 | 123 | 145 | 91.3% | -21.0% | -15.7% | -16.3% |
| Rancho Santa Fe | ||||||||
| (Condominiums) | ||||||||
| Prices | Other | Percent Change | ||||||
| Average | Median | Sold | DOM | SP/LP | Average | Median | Sold | |
| 1998 | $385,680 | $339,000 | 25 | 60 | 98.1% | |||
| 1999 | $436,812 | $397,000 | 24 | 57 | 95.7% | 13.3% | 17.1% | -4.0% |
| 2000 | $487,497 | $465,000 | 33 | 83 | 95.7% | 11.6% | 17.1% | 37.5% |
| 2001 | $582,381 | $595,000 | 21 | 66 | 96.5% | 19.5% | 28.0% | -36.4% |
| 2002 | $535,283 | $545,000 | 35 | 101 | 96.2% | -8.1% | -8.4% | 66.7% |
| 2003 | $618,993 | $627,000 | 35 | 62 | 96.6% | 15.6% | 15.0% | 0.0% |
| 2004 | $821,339 | $795,000 | 31 | 49 | 97.1% | 32.7% | 26.8% | -11.4% |
| 2005 | $892,737 | $880,000 | 27 | 63 | 95.9% | 8.7% | 10.7% | -12.9% |
| 2006 | $963,916 | $850,000 | 25 | 82 | 96.1% | 8.0% | -3.4% | -7.4% |
| 2007 | $839,350 | $805,000 | 20 | 74 | 94.3% | -12.9% | -5.3% | -20.0% |
| 2008 | $806,729 | $777,500 | 19 | 155 | 93.0% | -3.9% | -3.4% | -5.0% |
| 2009 | $667,703 | $645,000 | 24 | 121 | 93.9% | -17.2% | -17.0% | 26.3% |
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DEFINITIONS
- Median Price
- Median Price is the price at which 50% of properties sold were above that price and 50% were below.
- Average Price
- Average Price is the sum of all prices divided by the number of sales.
- DOM
- Average Days on Market is calculated from when a property was first put on the market until it was put under contract, or taken off the market.
- SP/LP
- The average selling price divided by the average list price.
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