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 $2,145,399 $1,799,500 304 130 91.8% -3.6% -1.4% 12.2%
2004 $2,821,188 $2,399,500 296 113 90.5% 31.5% 33.3% -2.6%
2005 $3,187,470 $2,800,000 229 119 89.4% 13.0% 16.7% -22.6%
2006 $3,332,389 $2,750,000 218 112 91.3% 4.5% -1.8% -4.8%
2007 $3,372,305 $2,740,000 194 131 91.1% 1.2% -0.4% -11.0%

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 $621,464 $628,000 34 58 96.2% 16.1% 15.2% -2.9%
2004 $818,883 $791,250 30 52 97.0% 31.8% 26.0% -11.8%
2005 $914,043 $899,000 21 70 95.1% 11.6% 13.6% -30.0%
2006 $963,916 $850,000 25 82 96.1% 5.5% -5.5% 19.0%
2007 $839,350 $805,000 20 74 94.1% -12.9% -5.3% -20.0%

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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.