$10,700,000
10,502 SqFt
6 Beds
•7 Full Baths, 2 Partial
Mary Ritter-Myers, Listing Office: Compass
Is The Covenant of Rancho Santa Fe, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, The Covenant of Rancho Santa Fe was a Seller's Market.
Key Takeaway
The Covenant of Rancho Santa Fe is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in The Covenant of Rancho Santa Fe, CA
How much do homes in The Covenant of Rancho Santa Fe, CA cost?
Median Sold Price
$5,437,500
$1,088/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$665,000(+13.9%)
Key Takeaway
Homes in The Covenant of Rancho Santa Fe have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in The Covenant of Rancho Santa Fe was $5,437,500 in October 2024, up 13.9% from last year, and the median price per square foot was $1,088.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $2.6M | - | N/A |
| 2 Bedrooms | $2.1M | $2.1M | -3.2% |
| 3 Bedrooms | $3.0M | $3.8M | +22.7% |
| 4 Bedrooms | $3.8M | $4.3M | +13.0% |
| 5+ Bedrooms | $6.0M | $7.7M | +28.3% |
Summary: The Covenant of Rancho Santa Fe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Rancho Santa Fe | $4.2M | $5.1M | +21.1% |
| The Covenant of Rancho Santa Fe | $4.7M | $5.4M | +13.9% |
| Fairbanks Ranch | $3.7M | $4.1M | +9.0% |
| Morgan Run Resort | $1.6M | $1.6M | -1.7% |
Housing Supply in The Covenant of Rancho Santa Fe, CA
How many homes are available in The Covenant of Rancho Santa Fe, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 55 | 0.0% |
Summary: The The Covenant of Rancho Santa Fe real estate market had 55 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 41 | 40 | -2.4% |
Summary: The The Covenant of Rancho Santa Fe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Covenant of Rancho Santa Fe, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in The Covenant of Rancho Santa Fe in October 2024, the same as the previous month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for The Covenant of Rancho Santa Fe, CA
How long does it take to sell a home in The Covenant of Rancho Santa Fe, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 84 Days | +28.6% |
Summary: Homes in The Covenant of Rancho Santa Fe had an average of 84 days on market in Oct 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in The Covenant of Rancho Santa Fe are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in The Covenant of Rancho Santa Fe; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.