The numbers are in. There were 42 sales in Rancho Santa Fe in March and the rolling 12-month average sale price in 92067 is + 10.8%. The demand to live in our beautiful community is stronger than ever you can see the full list of sales below. We currently have 6 luxury properties in escrow for our clients and a beautiful new listing on the market.
Luxury Market News
Inman News breaks down an unusual and indicative phenomenon in the market right now, "There are seemingly no homes for sale, and yet the number of actual sales this year is probably going to be up compared to 2020."
- In fact, the number of home sales predicted by N.A.R for 2021 is nearly 6.5 million. That's up significantly from 5.64m sales in 2020, 5.34m in 2019, and actually the highest since 2006.
- What does this mean? The bottom line is inventory is a measure of supply and demand, and demand is simply outpacing supply by such a significant factor it feels like there are no homes on the market.
The economy is on the cusp of a major boom and economists believe it could last.
- The economy is just starting a boom period, where second-quarter growth could top 10%, and 2021 could be the strongest year since 1984.
- The second quarter is expected to be the strongest, but the boom is not expected to fizzle, and growth is projected to be stronger than during the pre-pandemic into 2022.
The foundations of the market remain strong even if they may feel a bit chaotic. If you are thinking of selling, the demand is here and I can help. Having a strong advocate, great marketing, and powerful brokerage in your corner will make your experience of this phenomenal time in real estate a great one.