The real estate market in Rancho Santa Margarita and elsewhere in Orange County has slowed down substantially. Currently there are 169 Condos listed for sale. The Condominiums range in price from $260,000 for a 1 bedroom, 1 bath in the Belflora tract on Castano street. Up to $749,000 for a 3 bedroom, 2.5 bath townhome with 2 car garage in the Alicante tract on Calle Del Norte. The median price for these 169 condos for sale in Rancho Santa margarita is $435,000 and the average price is $446,007. The average price per square foot is $400/SqFt and the average days on market is 79 days.
There are currently 34 condos under contract In Escrow in Rancho Santa Margarita. These condos range in price from $257,900 for a 1 bedroom, 1 bath on Gavilan in the Las Flores tract. Up to $465,000 for a 2 bedroom, 2.5 bath, 2 car garage townhome in the Seacountry tract.
In the past 90 days, there have been 86 condominiums that have sold and closed escrow in Rancho Santa Margarita. The least expensive sold unit was $205,000 for a 1 bedroom, 1 bath condo on Rosa street in the Las Flores tract. The most expensive condo was $730,000 for a 3 bedroom, 2.5 bath, 2 car garage townhome on Via Empanada with a golf course view in the Alicante tract. The median priced condo was $417,000 and the average price was $428,254. The average price per square foot is $369/SqFt and the average days on market was 72 days.
For detached homes, there are currently 213 houses listed for sale in Rancho Santa Margarita. The least expensive detached home is $464,900 for a 2 bedroom, 2.5 bath, 2 car garage home on Calle De Los Ninos in the Los Abanicos tract. The most expensive home for sale is $1,875,000 for a 3 bedroom, 3.5 bath, 3,000 square foot estate home on a 2 Acre lot in Rose Canyon. The median priced home is $739,900, and the averaged price of these 213 detached homes is $787,319. The average price per square foot is $374/SqFt and the average days on market is 76 days.
Currently, there are 49 detached homes that are under contract In Escrow in Rancho Santa Margarita. The lowest price house in escrow is $424,900 for a 2 bedroom, 2.5 bath home with 2 car garage on Calle De Los Ninos in the Los Abanicos tract. The most expensive home is $1,079,000 for a 4 bedroom, 3 bath, 2,900 square foot home with 3 car garage on Hillrise street in the Sterling Heights tract in Dove Canyon.
In the past 90 days, there have 90 homes that have sold and close escrow. The lowest priced home was $490,000 for a 3 bedroom, 2.5 bath, 2 car garage home on Paseo Primero in the Fiesta tract. The most expensive house sold in the past 90 days in Rancho Santa Margarita was $2,935,000 for a custom estate 4 bedroom, 5.5 bath, 5,500 square foot property on 4 Acres on Summit Trail road. The median priced home sold was $735,000 and the average price for these homes was $773,680. The average price per square foot was $357/SqFt and the average days on market was 77 days.
Last year, there were 183 homes sold during the same three month period one year ago. The median price for these 183 homes was $739,900 a year ago and the average price of these homes was $766,666. The average price per square foot was $368/SqFt and the average days on market was 52 days. Due to the slow down in sales, there has been no appreciation in home prices since this time last year.
To view all homes for sale in Rancho Santa Margarita visit our MLS home search website at: Rancho Santa Margarita MLS. If you have any questions about real estate in the area, please feel free to call us at: 949-388-3396.
