Market Trends: Rancho Santa Fe 92067 — August 2022
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $4,050,000 | Declining |
| Median $/SF (0-3 Mo) | $810.92 | Stable |
| 12-Mo Linear $/SF Change | +18.49% | Positive |
| Months of Inventory | 4.4 | Balanced |
| Median Days on Market | 61 | Worsening |
| SP/LP Ratio | 100.0% | Slight softening |
| Sales Volume Change (Qtr) | -24.2% | Decreasing |
| Anticipated Marketing Time | 60-90 days | Moderate market |
Analysis
The data reveals broadly consistent movement between overall prices and per-square-foot metrics. The steeper decline in overall median prices relative to $/SF suggests a compositional shift toward smaller or lower-priced properties in the sales mix, rather than a uniform decline in property values per unit of space.
On the supply side, 4.4 months of inventory reflects moderate supply levels in the market. Increasing days on market indicates properties are taking longer to sell, suggesting buyer caution or overpricing. The declining SP/LP ratio further confirms that sellers are accepting greater concessions from asking prices.
In summary, the market is best characterized as transitioning through a period of adjustment. The anticipated marketing time of 60-90 days reflects current absorption rates. The positive 6-month $/SF trend suggests strengthening fundamentals that may support continued price appreciation.
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