How did the Real Estate Market perform in 2011 for Rancho Santa Fe?

Specific statistics showing an overview of plus and minus growth from 2010 to 2011.

Rancho Santa Fe

Average Price-$2,354,110

-5% from 2010

Santaluz

Average Price- $1,520,000

+10% from 2010

Solana Beach

Average Price-$1,141,000

-13% from 2010

Del Mar

Average Price- $1,533,000

-7% from 2010

Carmel Valley-92130

Average Price-$1,025,000

+10% from 2010

According to the San Diego County Clerk Ernest Dronenburg, San Diego will experience a 2-4% drop in home prices in 2012.  Starting in 2013, home prices will rise for the next 5-7 years.

Good News!

Unemployment is San Diego was lower than the state of California overall.  San Diego at 9.2% and California at 10.2% for 2011.

 

 

(The stats for Del Sur will for forthcoming.)