I just wanted to share the info that I collected about the current Rancho Santa Fe real estate inventory. These numbers are current as of June 25th. If you would like the most recent numbers, or if you would like more information about any of these areas please feel free to contact us at (858) 342-2773.

Covenant: There are currently 85 (detached) listings in the Rancho Santa Fe Covenant. The lowest priced listing is $1,700,000 and the highest priced listing is $40,000,000. Most of the homes in the Covenant are in the $3mil to $5mil range. The average number of days on the market for all Covenant listings is 131 days.

Fairbanks Ranch: Fairbanks currently has 37 active listings. The lowest list price is $1,800,000 to $2,000,000 and the highest priced listing is $28,000,000. Of the 37 listings in Fairbanks Ranch 11 listings are below $3,500,000 and 23 listings in Fairbanks Ranch are priced under $5,000,000. The average number of days on the market for all Fairbanks Ranch listings is 116 days.

Santa Luz: Santaluz currently has 62 active listings priced between $1,100,000 and $4,000,000. Forty of the listings in Santaluz are priced under $2,000,000.

Del Mar Country Club: The Del Mar Country Club currently has 8 active listings on the market. Current list prices range from $3,850,000 to $8,000,000. All but one of the listings in the Del Mar Country Club are priced between $3,500,000 and $5,000,000. The Average number of days on the market for the Del Mar CC listings is 131 days.

The Bridges: The Bridges currently has 13 active listings. The least expensive listing in The Bridges about $2,100,000 and the most expensive current listing is priced at $5,400,000

Cielo: Cielo currently has 20 active listings priced between $1,850,000 and $4,500,000. The average number of days on the market for homes listed in Cielo is 87 days.

The Crosby: The Crosby has 24 listings on the market. Current prices range from $1,400,000 to $4,800,000. Of the 24 listings in The Crosby, 14 of them are under $2,000,000. The average number of days on the market for listings in the Crosby stands at 114 days.

Hacienda Santa Fe: Currently there are 6 listings in Hacienda Santa Fe. Prices are ranging from about $1,500,000 to $2,500,000.

The Rancho Santa Fe real estate market has changed within the last few months. Today (6/16/06) I ran a few stats and it appears that of the 253 detached listings in Rancho Santa Fe, 33 of them have had price changes within the past 30 days. That means about 13% of all detached homes in Rancho Santa Fe (92067 and 92091) have either been reduced or changed to a value range price. However, this is not necessarily reflective of a down market because most of these 33 homes in Rancho Santa Fe were priced too high when they were first listed. Consequently these 33 homes have had a very high average # of days on the market (123 days) and they have had to make reductions to be more in line with the our current market. Overall I would say that it is definitely a buyers market with a high number of listings. I would also say that the Rancho Santa Fe market is still strong and active. Within the past 30 days 45 homes went into escrow and 30 homes sold. If you have any questions about the Rancho Santa Fe Real Estate Market please feel free to contact Julien. I would be happy to keep you up to date on the current real estate market in Rancho Santa Fe and answer any questions you may have!

Rancho Santa Fe School District residents will head to the polls June 6 to vote Yes or No on whether or not to pass the Prop. H bond. Prop. H. is is a $44.5 million dollar school bond initiative that would pay for a new elementary school on Aliso Canyon Road at Via del Charro. The bond would cost district residents an additional $300 per $1,000,000 of their home’s assessed value on their annual property tax bill. The district must recieve a 55 percent margin of approval to pass the bond. If Prop. H is passed construction could start by next spring.

Photos/Mike Sullivan
Supporters of Prop. H say that the existing Village school (R. Roger Rowe RSF School) is overcrowded. The school currently has 837 K-8 students, but was designed for 600 students. School district officials point to the 17 portable classrooms that eat up the school’s outdoor playing space, and contend that if a new school is not built, increased class sizes and lowered educational quality are likely.

Opponents of Prop. H. say the district school is already in the ideal site, and that the existing campus should be expanded to accommodate the student population. The proposed 7-acre site, they say, will bring increased traffic that will put them in danger in case of a disaster or medical emergency, and negatively effect their tranquil, rural neighborhood…

For more information on the heated Prop H. debate you can read the full article in the Rancho Santa Fe Review.