Setting the Tone
JANUARY 2025 MARKET STATS
With strong January sales (including a $9,000,000 closing for my Sellers), and exciting new listings coming to market, early signs point to a dynamic and promising 2025 in real estate. Rancho Santa Fe’s market is showing resilience, with rising prices, increased listings, and steady demand.
Let's get into the numbers
- Surge in New Listings – Inventory saw a notable uptick, with new listings increasing 71.4% year-over-year (from 21 to 36). This signals greater opportunities for buyers who have been waiting for fresh options in our coveted community.
- Pricing Strength Remains – The median sales price rose by 25% compared to January 2024, now sitting at $5,000,000. The average sales price also increased by 14.7%, reinforcing the continued value appreciation in Rancho Santa Fe.
- Longer Days on Market – Homes took an average of 110 days to sell, a 120% increase from last year. This shift suggests that while demand remains strong, strategic pricing and presentation are more critical than ever.
- Closing Deals in a Shifting Market – While pending sales dipped slightly, closed transactions increased by 54.5%, indicating that motivated buyers are still making decisive moves on properties priced and presented well.
Keep reading for links to HOMEDEX market reports and a fabulous feature, Collected Wisdom: Victoria Beckham Collects to Bring Inspiration to Her Life and Fashion. This fascinating piece explores how collecting influences Victoria's creativity and personal expression. I have definitely enjoyed the influence of her incredible style over the years.
Click on the links below for HOMEDEX market reports from 92067, 92091, 92014, 92075 - Call me if you want to talk specifics about your property.
COLLECTED WISDOM:
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The British fashion designer answers our questions about what and how to collect, ahead of curating highlights from the upcoming New York and London contemporary art sales. |
