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Rancho Santa Fe Real Estate: 2012 January-April Performance Summary
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Blog for the statistical report for the year 2008

Statistical report December 2008

By blog2008 on Thursday, December 04, 2008 8:10 AM
Compounding the additional supply has been a reduction in demand (or the number of properties sold). Over this same 12-year period, monthly sales have typically fluctuated between 60 and 80 properties. However, over the last 2 years, monthly sales have dropped to between 40 and 60 properties. This divergence of demand and supply exasperates the over-supply condition. Neither variable means much alone. They must be analyzed in respect to the other. If inventory rises proportionally to the rise in sales, values are supported. It is when one or both of these variables become dislocated from the other that values are susceptible to change.

Statistical report November 2008

By blog2008 on Tuesday, October 28, 2008 8:07 AM
Too often we want to understand the health of our local real estate, but can only find either raw data or broad statistics which seem disconnected, contradictory, or without explanation. In order to help keep you informed about local areas in an objective way, Premier Magazine will be monitoring the health of different San Diego areas in each edition. In this edition, we revisit Coronado and Downtown San Diego. The other areas we are monitoring: Rancho Santa Fe, Del Mar, La Jolla, and Solana Beach/Encinitas.

Statistical report October 2008

By blog2008 on Friday, September 12, 2008 3:05 PM
Too often we want to understand the health of our local real estate, but can only find either raw data or broad statistics which seem disconnected, contradictory, or without explanation. In order to help keep you informed about local areas in an objective way, Premier Magazine will be monitoring the health of different San Diego areas in each edition. In this edition, we revisit Coronado and Downtown San Diego. The other areas we are monitoring: Rancho Santa Fe, Del Mar, La Jolla, and Solana Beach/Encinitas.

Statistical report September 2008

By blog2008 on Friday, September 12, 2008 3:04 PM
Too often we want to understand the health of our local real estate, but can only find either raw data or broad statistics which seem disconnected, contradictory, or without explanation. In order to help keep you informed about your local area in an objective way, Premier Magazine will be monitoring the health of different San Diego areas in each edition. In this edition, we look at La Jolla and Solana Beach/Encinitas. The other areas we are monitoring: Downtown San Diego, Coronado, Rancho Santa Fe, and Del Mar.

Statistical report August 2008

By blog2008 on Friday, September 12, 2008 3:01 PM
Too often we want to understand the health of our local real estate, but can only find either raw data or broad statistics which seem disconnected, contradictory, or without explanation. In order to help keep you informed about your local area in an objective way, Premier Magazine will be monitoring the health of different San Diego areas in each edition. In this edition, we look at Rancho Santa Fe and Del Mar. The other areas we are monitoring: La Jolla, Solana Beach/Encinitas, Downtown San Diego, and Coronado.

Statistical report June 2008

By blog2008 on Wednesday, July 02, 2008 2:57 PM

La Jolla One variable was consistent across all prices ranges in La Jolla (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for the 92037 zip codes) when comparing January through April of this year to last: fewer properties have sold in the first trimester of 2008 than that of 2007. Not surprising after coming out of a time with television shows about house flipping. Nevertheless, the decrease is rather dramatic for a 12-month period; with 24% fewer sales in the first trimester of 2008 compared 2007. Specifically, for this period, there were 146 properties sold in 2008, compared to 193 in 2007. However, looking beyond the number of properties sold, the other variables that help describe the market look like a mixed bag, until one starts examining the behavior of different property price ranges or price subpopulations.

Statistical report May 2008

By blog2008 on Wednesday, July 02, 2008 2:54 PM

Rancho Santa Fe Generally, Rancho Santa Fe’s 2008 Q1 real estate market (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for the 92067 and 92091 zip codes) remained determinedly resilient, relative to 2007 Q1. However, to see this strength, as well as potential pockets of weakness, one must segment the market by price points. For this analysis, we segmented the market into 3 groups by original listing price: 1) Properties less than or equal to $3 million; 2) Properties greater than $3 million and less than or equal to $5 million; and 3) Properties greater than $5 million.

Statistical report April 2008

By blog2008 on Wednesday, July 02, 2008 2:51 PM

Downtown San Diego Over the last 15 years, Downtown San Diego has become a full-fledged residential real estate market. In the early 1990s, the Harbor Club became a forerunner, introducing Downtown San Diego to luxury, high-rise residential living. Since then, condominium growth has spread throughout downtown. Today, the majority of units are in the following areas: Columbia, Cortez Hill, East Village, Little Italy, and Marina (Chart A). Over the next 3 years, new construction is expected to add 35% more units to the downtown area, mostly coming from those areas except Cortez Hill (Chart B).

Statistical report March 2008

By blog2008 on Wednesday, July 02, 2008 12:38 PM

Unlike some areas in the country, La Jolla real estate (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for 92037 and 92093 zip codes) exhibited unusual strength from 2006 to 2007. Most of this strength appears to have come from a correction in supply or total properties listed for sale. Admittedly, there were fewer new listings in 2007, 1363 versus 1460, and on average slightly longer marketing timelines. However, there were practically the same number of properties sold in 2006 and 2007 and, of those properties sold in 2007; they had higher sales values on average.

Statistical report July 2008

By blog2008 on Monday, June 30, 2008 9:00 PM

Coronado A lot has happened in the Coronado real estate market (defined for the purpose of this analysis as all attached and detached residential properties listed with the San Diego Multiple Listing Service for the 92118 zip code), since we last wrote about it a quarter ago in the April 2008 edition of Premier Magazine. At that time we compared 2007 to 2006 and were generally pleased with the contrast, relative to other areas’ performance. In this edition