Rancho Santa Fe Homes For Sale & Real Estate

Your #1 source for Rancho Santa Fe real estate market updates and luxury homes for sale. We follow the trends of both existing Rancho Santa Fe homes for sale and recent Rancho Santa Fe real estate that enters into escrow. Our goal is to help provide you direction and analysis of the current conditions and future trends.

September 3, 2010...

Below is a snapshot of this week's activity with Rancho Santa Fe Homes For Sale:

The Bottom Line - An overview of the Rancho Santa Fe real estate market shows that list prices are steadily rising over the past month but are still down since earlier this year. Inventory is in the high range with 328 active homes for sale in Rancho Santa Fe CA. Rancho Santa Fe new home construction by builders AW Properties & Danny Hampel are a sought after choice among home buyers.  

As we take a look at the recent pending transactions in the Rancho Santa Fe CA real estate market, we see that buyers continue to target gated communities like Rancho Santa Fe The Crosby Estates, Santaluz homes, and Fairbanks Ranch homes.  The Rancho Santa Fe real estate market had 3 homes fall into escrow this past week.  

Of the four properties that sold this week in Rancho Santa Fe, two were distressed with one bank owned and the other a short sale, both were in the The Crosby homes.  Most of the Rancho Santa Fe homes that sold this week were in the $1-$1.6 million range and one sold in Fairbanks Ranch for over $3.9 million. 

Now continues to be a unique buying opportunity for investors and move-up buyers in Rancho Santa Fe.  To find the next great real estate value call the Dalzell Group, Rancho Santa Fe real estate agents, at (858) 755-7740 for a private consultation.

Click here: Search ALL Rancho Santa Fe Homes for Sale

Rancho Santa Fe CA Homes New in Escrow/Pending This Week:

Rancho Santa Fe CA Homes SOLD This Week: 

To find out how much your home is worth contact the Dalzell Group for a FREE home value report. 

Prudential California Realty

PO Box 8001

Rancho Santa Fe, CA 92067

Phone: (858) 755-7740

While many great deals exist in today's Rancho Santa Fe real estate market, securing the optimal mortgage is a critical part of your home purchase decision.

As a Member of the Top 5 in Real Estate Network®, I, along with my team, have worked with many Rancho Santa Fe home buyers over the years and am well versed on the factors in every mortgage loan package that will determine whether or not you can afford the house you want to buy. The most important things to take into consideration are: interest rate, points, mortgage type, closing costs and fees, and down payment and mortgage insurance. Here's a closer look at each:

1. Interest Rate: The interest rate determines the amount of your monthly payment. Keep in mind that different lenders offer different interest rates, so it is important to shop around. Generally, a short-term or adjustable-rate loan will offer a lower interest rate because you agree to repay the lender more quickly or to pay fluctuating rates.
2. Points: Points are fees charged by the lender to originate your loan. A point equals one percent of the total mortgage amount. Lenders will charge different numbers of points for different loans, so it is important to understand how many points a lender will be charging. For example, in some cases, lenders may advertise very low interest rates, but build a high point charge into the cost of issuing the loan, making the deal less valuable than a loan at a higher interest rate.
3. Types of Mortgage Options:
   • Fixed Rate. On a fixed-rate mortgage, the interest rate does not change for the entire life of the loan.
   • Adjustable Rate. Adjustable rates, on the other hand, are interest rates that fluctuate based on market conditions. Since no one knows how the market will behave, they are riskier than fixed-rate loans. Over the life of the mortgage, you could end up paying more or less than you would have with a fixed-rate loan.
   • Balloon. The next common type of mortgage is a balloon payment loan. A balloon payment loan allows you to make relatively small monthly payments for an initial period, but requires a lump-sum payment toward the end of the term. These are risky to consider unless you are confident that you can either refinance the loan or sell the home at the end of the initial loan period.
4. Closing Costs: Closing costs and fees are additional amounts that the buyer and seller must cover during the course of the mortgage loan transaction. They include items like credit report fees, appraisal fees, title search fees and title insurance.
5. Down Payment and Mortgage Insurance: When searching for the right type of mortgage for you, the amount of your down payment, the need for private mortgage insurance (PMI) and other factors, such as whether you are a first-time home buyer, a teacher or a peace officer, will also affect your monthly mortgage payment.

A professional real estate agent, such as a member of the Top 5 in Real Estate Network®, or a trusted mortgage broker can help you decide what makes the best financial sense for you. Please Contact Us today for more information and be sure to pass this information on to others who might be in the market for a mortgage.

Now continues to be a unique buying opportunity for investors and move-up buyers in Rancho Santa Fe.  To find the next great real estate value call the Dalzell Group, Rancho Santa Fe real estate agents, at (858) 755-7740 for a private consultation.

Prudential California Realty

PO Box 8001

Rancho Santa Fe, CA 92067

Phone: (858) 755-7740

Your #1 source for Rancho Santa Fe real estate market updates and luxury homes for sale. We follow the trends of both existing Rancho Santa Fe homes for sale and recent Rancho Santa Fe real estate that enters into escrow. Our goal is to help provide you direction and analysis of the current conditions and future trends.

August 27, 2010...

Below is a snapshot of this week's activity with Rancho Santa Fe Homes For Sale:

Rancho Santa Fe MLS Listings on the Market: 

The Bottom Line - The Rancho Santa Fe real estate market again remained both steady and level this past week, especially in light of the national news about a sharp drop in housing sales in July.  While this made headlines in the media it wasn't "new news" to us as we've been predicting a slowdown for several weeks.  Tax credits in the first half of the year artificially sped up buying and the summer months are now the "payback period".  That being said, real estate is local and Rancho Santa Fe homes for sale have been less volatile than most other areas.  We still believe that job growth is the key to our local market and San Diego experienced positive job growth in July which is indirectly holding values up for Rancho Santa Fe real estate.

Just this past week there were 6 new Rancho Santa Fe homes that went into escrow.  The Rancho Santa Fe homes that are moving tend to be in the $1 million - $2 million range and the fact that all 6 sales this week had market times around 52 days or less, is a positive development.

An overview of the Rancho Santa Fe real estate market shows that list prices are starting to tick up a bit although inventory is still high with 327 active Rancho Santa Fe homes for sale. As we take a look at the recent pending transactions in the Rancho Santa Fe CA real estate market, we see that buyers continue to target gated communities like Santaluz homes and Rancho Santa Fe The Crosby homes.  Of the two properties that sold this week, one was a short sale and closed for $1,050,000, and the other home was built by AW Properties & Danny Hampel Construction, which sold for $2.65 million.

Now continues to be a unique buying opportunity for investors and move-up buyers in Rancho Santa Fe.  To find the next great real estate value call the Dalzell Group, Rancho Santa Fe real estate agents, at (858) 755-7740 for a private consultation.

Click here: Search ALL Rancho Santa Fe Homes for Sale

Rancho Santa Fe CA Homes New in Escrow/Pending This Week:

Rancho Santa Fe CA Homes SOLD This Week:

To find out how much your home is worth contact the Dalzell Group for a FREE home value report.

Prudential California Realty

PO Box 8001

Rancho Santa Fe, CA 92067

Phone: (858) 755-7740

DSNews reported today that according to the Housing Opportunity Index developed by the National Association of Home Builders (NAHB) and Wells Fargo. It was the sixth consecutive quarter that the affordability index hovered near a record high on a national level. DSNews Article. With that said, we are seeing more affordability in our local Rancho Santa Fe real estate market. Until 2009, the Housing Opportunity Index had never reached 70% and now the index indicated that 72.3% of all new and resale homes sold in the 2nd quarter of 2010 were affordable to families that earned an average income of $64,400 (on a national level).

With interest rates at historic lows and home prices more affordable than ever, it is a great time for move up buyers to consider Rancho Santa Fe an option.  Rancho Santa Fe real estate for sale has stabilized and continues to see a strong market right now, with new construction and gated communities being a favorable choice for many Rancho Santa Fe home buyers. In comparison to last year homes are selling for less, selling quicker (74 days) and inventory is climbing.  Bottom line - supply and demand is in your favor and now is a great time to buy.

There are many newly constructed homes recently completed by builders like AW Properties & Danny Hampel Construction that offer the most luxurious design features & prestigious amenities in Rancho Santa Fe.      

Now continues to be a unique buying opportunity for investors and move-up buyers in Rancho Santa Fe CA. To find Rancho Santa Fe's next great real estate value call the Dalzell Group, your Rancho Santa Fe real estate experts at (858) 755-7740 for a private consultation. Dalzell Group - Rancho Santa Fe Real Estate Prudential California Realty PO Box 8001 Rancho Santa Fe, CA 92067 Phone: (858) 755-7740.

Prudential California Realty

PO Box 8001

Rancho Santa Fe, CA 92067

Phone: (858) 755-7740

Mortgage rates fell to new lows this week, according to the LendingTree Weekly Mortgage Rate Pulse, a snapshot of the lowest and average mortgage rates available within the LendingTree network of lenders.

On August 17, lenders on the LendingTree network offered mortgage rates as low as 4.00 percent (4.13% APR) for a 30-year fixed mortgage, 3.5 percent (3.85% APR) for a 15-year fixed mortgage and 2.875 percent (3.41% APR) for a 5/1 adjustable rate mortgage (ARM). Rates fell one eighth of a point week-over-week for all product types.

Average home loan rates offered by lenders on the LendingTree network were 4.52 percent (4.70% APR) for 30-year fixed mortgages, 4.14 percent (4.43% APR) for 15-year fixed mortgages and 3.48 percent (3.72% APR) for 5/1 ARMs.

"The current rate spread has widened to 108 basis points or 1.08%, approaching the high of 111 basis points we reached at the end of July," said Cameron Findlay, Chief Economist of LendingTree.com. "For perspective, the median spread this year has been 74 basis points. So consumers in the market for a Rancho Santa Fe home loan should really be doing their homework to ensure they're getting the best possible deal before locking in a rate. Spreads this wide provide an opportunity for borrowers to take control by using sites like LendingTree.com to negotiate with multiple lenders."

Regionally, 30-year rates vary, but the majority of states witnessed a deflation. Most large states saw a decline in rates: California's current rate of 4.33% is down from 4.34% last week.

Now continues to be a unique buying opportunity for investors and move-up buyers in Rancho Santa Fe.  To find the next great real estate value call the Dalzell Group, Rancho Santa Fe real estate agents, at (858) 755-7740 for a private consultation.

Prudential California Realty

PO Box 8001

Rancho Santa Fe, CA 92067

Phone: (858) 755-7740