The market in Rancho Santa Fe, 92067 has been been fairly stagnant lately, with only ten closings in the last 30 days (four in the Covenant), with 282 active listings. How about La Jolla?
The detached-listing stats for La Jolla’s 92037:
|Listing Status||# of||$-per-sf||DOM|
|Solds, last 30 days||17||$620/sf|
What does an economy model look like? Here’s an REO that just hit the market at $418sf: