Rancho Santa Fe Real Estate: 2011 Third-Quarter Performance
While two points create a line, a third confirms it. This is what the third quarter of 2011 did for this year’s real estate trend line in Rancho Santa Fe. The first quarter started very promising, outstripping last year’s first-quarter performance. This brought about an excitement and energy that was a breath of fresh air to us all. But then in the second quarter that performance dwindled, flattening the performance to only equal that of the second quarter of 2010. Technically, at this point, we had a slowing market with the drop off from the first quarter. Yet, after such a strong first quarter performance, many of us were hoping to see the third quarter summer months redeem the second quarter’s stumble. Unfortunately, the results are in for this third quarter, confirming a weaker market than 2010 and a downward trend.