Price Cuts Low Point in Rancho Bernardo Real Estate Market

The Rancho Bernardo market is starting to head toward a higher price point. While sales continued a three-week upturn, bringing this week's numbers up to 82 homes sold over the last 30 days, price reductions are at the lowest they've been in three months, with 70 reported this week. When comparing other close-by neighborhoods within the same period, the most came from the Rancho Penasquitos neighborhood with 63 price reductions. Prices are falling in Rancho Bernardo, and this period the median price of all sales fell from $490,000 to $482,500. There is only one month of inventory available in Rancho Bernardo, and combined with shrinking price reductions numbers, it's a definite seller's market.

Want a more traditional home in Rancho Bernardo? Then start your search with these listings that were built before most others in the market:

$525K   $685K   $429K  

Get started right now by checking out Rancho Bernardo homes for sale or reviewing Rancho Bernardo real estate trends.

Demographic facts for Rancho Bernardo:

  • This area has a rating of 62 for the population growth. (Scale: 1 = Worst, 100 = Best)
  • For every 100,000 people there are 287.9 physicians.
  • The area's health cost index score is 110.4. (100 = national average)
  • 82.6% of the residents commute to work alone in their car, 7.8% via carpool, and 0.6% by way of public transit.

Data reported through 10/19/2016

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