Carmel Valley Test Case
There are probably those who are formulating their predictions about the 2013 market, and now that the comments are on, are getting ready to share with us what they see coming down the road.
Lately the media has been unabashed in their fondness for the apparent recovery underway, and even I have been unusually optimistic about the near-future.
Carmel Valley has been our litmus test, with its rows of newer tract homes, outstanding schools, and central location. What can the CV tell us today?
It appears that CV buyers are starting to resist the seller exuberance.
Could the spring selling season turn into a dud because of greed?
Here is the all-San Diego graph, which masks the detail of the more-localized graph above: