The Rancho Santa Fe real estate market, a part of the larger San Diego and Southern California housing markets, showed some signs of recovery and a few specific strengths in the first half of 2010. According to a May 17, 2010 article from the San Diego Union Tribune, “Southern California home prices remained flat from March to April, as sales shifted into May for tax-credit reasons, MDA DataQuick reported Tuesday. The median price for the six-county region was $285,000, an increase of 15.4 percent from April 2009.” The piece by Roger Showley went on to say that “As reported Monday, San Diego County’s median price slipped to $325,250, from $330,000 in March, but was up 12.2 percent from April 2009’s $290,000. Prices followed the same pattern in Orange, Riverside and San Bernardino counties – down from March but up from April 2009.”

A May 27, 2010 article in SDNN focused on the continued year-over-year rise in Rancho Santa Fe and other San Diego homes for sale. The piece noted that “In this volatile – and frequently gloomy – housing market, San Diego stands out as a metropolitan city with continued home prices, says a Standard and Poor’s/Case-Shiller Home Price Index released Tuesday.” The article, composed by Anne Subramanian, went on to state that “The study highlighted that despite many metropolitan cities reporting new index lows, San Diego boasts an eleven-month streak of increasing home prices. Of the 20 national metropolitan cities studied, San Diego’s 10.8 percent increase in home prices since March 2009 is only surpassed by San Francisco’s 16.2 percent increase. Housing prices climbed by 1.5 percent in San Diego between February and March of this year while the national trend reflects a .5 percent decrease.”

This same positive news for the previously ailing Rancho Santa Fe housing market was reported in a May 25, 2010 article from The Voice of San Diego. This article by Kelly Bennett went on to note that “There’s no doubt housing prices have come roaring back this year. New numbers released this morning showed San Diego County home prices rose again in March – marking the 11^th straight month they’ve been headed up.”