Menu
TwitterRssFacebook
More Links

Are you looking for an experienced agent to help you buy or sell a home? Contact Jim the Realtor!

Carlsbad
(760) 434-5000

Carmel Valley
(858) 560-7700
jim@jimklinge.com


Posted by on Nov 27, 2012 in Bubble-Era Pricing, Bubbleinfo TV, Carmel Valley, Coffee Bet | 3 comments | Print Print

Peak Pricing Coming to CV

There have already been a smattering of CV sales at or above peak pricing, and I said today that within two years the 92130 detached-home sales will be at or above 2006 prices:

Sept 2006: 32 sales, $370/sf.

Sept 2012: 43 sales, $326/sf.

Statistically, we’re only 13% apart in the numbers above, and we could make that up by the end of next summer. When the inferior homes are gaining steam that it really becomes apparently that prices are on the move.  True, the house featured in today’s video hasn’t sold yet, but with only 22 resales listed under $1,000,000, it stands a decent chance of selling.

The same model two doors down from this one sold for $935,000 at the very peak, July, 2007.

This is listed for $929,900:

3 Comments

  1. You said you had “DoubleBubbleInfo”? How about “EchoBubbleInfo”? ;-)

  2. Money printing = inflation

  3. At today’s mortgage interest rates, your payment is 20% less than in ’06 for the same house. Add in the -13%/sf referred to by Jim and you could say CV is 33% off peak. Add inflation into the mix and it’s even more off peak in real terms.

Leave a comment

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>