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Rancho Santa Fe Real Estate: 2012 January-April Performance Summary
linda sansone
Blog for the statistical report for the year 2011

Rancho Santa Fe Real Estate: 2011 Annual Performance

By blog2011 on Sunday, April 01, 2012 2:21 PM
Overall, real estate in Rancho Santa Fe (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) was softer in 2011 than 2010. Sales were down 2.8%, from 215 properties sold in 2010 to 209 in 2011. Despite median price declining 4.3%, average marketing time for properties sold increased by approximately a month, from 232 days to 260 days. Much of the median price decline came from sellers discounting their original list price more than they had in 2010. The median discount rate from original list price in 2010 was 17% versus 20% in 2011. Consequently, in 2011, despite only slightly fewer properties selling than in 2010, they took longer to sell and with greater discounting.

Rancho Santa Fe Real Estate: 2011 Third-Quarter Performance

By blog2011 on Monday, October 03, 2011 8:19 AM

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.


Rancho Santa Fe Real Estate: 2011 Third-Quarter Performance

By blog2011 on Friday, September 30, 2011 8:13 PM

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.


Are All Real Estate Statistics Created Equal?

By blog2011 on Sunday, September 25, 2011 5:11 PM
If everyone is pulling the same initial dataset from the Multiple Listing Service for a given area and time period, how could there be differences between a report coming from Realtor A and another coming from Realtor B? Surprisingly, there can be significant differences, even with basic statistics like Market Time, Sales/Original Listing Price, Number of New Listings, Median Price, etc.

Rancho Santa Fe Real Estate: January 2011 – August 2011

By blog2011 on Sunday, September 25, 2011 5:10 PM
With summer ending and school starting, I thought it was a good time to look back to compare how the Rancho Santa Fe 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) has performed relative to last year.

Rancho Santa Fe Real Estate: Chasing the Market

By blog2011 on Sunday, August 21, 2011 11:07 PM

In my last article, “Rancho Santa Fe Real Estate: Discounting Original Listing Price”, I showed how the percentage discount from original list price has increased since the outbreak of the banking crisis in 2007. In this article, I take a deeper dive to examine how the discount rate for Rancho Santa Fe 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 the 92067 and 92091 zip codes) relates to market time.


Rancho Santa Fe Real Estate: Inventory Age vs. Seller Motivation

By blog2011 on Sunday, August 14, 2011 5:02 PM

In real estate, just like with any other product-based business, it is important to monitor the age of the inventory. Unfortunately, monitoring real estate inventory age is not as easy as it sounds, since properties are often re-listed several times before they are sold or taken off the market. For example, when you see information like “Days On Market”, it invariably represents only those days for that particular listing. What you do not see are all the other days the property was on the market prior to that listing.

Rancho Santa Fe Real Estate: Discounting Original Listing Price

By blog2011 on Sunday, August 14, 2011 2:04 PM

Rancho Santa Fe Real Estate: Discounting Original Listing Price
In my last article, “Rancho Santa Fe Real Estate: Inventory Age vs. Seller Motivation”, I showed how average marketing time in Rancho Santa Fe (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) is invariably and significantly understated, since properties are relisted without incorporating the days on market of their former listing periods. I continue, in this article, by looking at a similar distortion created in pricing.

Rancho Santa Fe Real Estate: January – June 2011

By blog2011 on Sunday, July 10, 2011 11:00 PM

 Rancho Santa Fe 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 the 92067 and 92091 zip codes) during the first half of 2011 generally has been an improvement over the first half of 2010. However, much of that improvement came from a surge in sales during the first quarter of this year. The second quarter has been about flat relative to last year’s second quarter, but is showing signs of demand weakening.

RSF Inventory: Then and Now

By blog2011 on Saturday, July 09, 2011 1:59 PM

In order to assess this, we need to look at the percent of monthly sales against the inventory of that respective month. The solid, red line in Chart C plots exactly this calculation and the dashed, red line smooths-out the jagged, solid line by showing the average trendline for those monthly points. As we can see from this trendline, back in 2004, sales-to-inventory peaked at around 11%. Thus, for every 100 properties on the market, you could expect to see 11 sales on a monthly basis.