As we are seeing a rebound in the housing market in San Diego, these changes are being slowly reflected in the higher end Rancho Santa Fe marketplace.
In the last 30 days there have been 7 properties that have closed escrow in the 92067 and 92091 zipcodes, ranging in price from $2M to $5.4M. Currently, there are 11 Pending properties ranging in price from $2,95M to $5,995M.
It is great to see movement in the market. But, it doesn't put quite a dent in the nearly 300 Active listings over $2M in Rancho Santa Fe.
Seems like the heat is slowly increasing in the market. Multiple offers are ocurring on properties that are priced under market, bank owned and short sales. Could be signs of the times.
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