June 10 (Bloomberg) — John Burns, Chief Executive Officer at John Burns Real Estate Consulting, discusses the influence of foreign buyers on California’s high-end real estate market and the distortion of the haves and have-nots in U.S. housing:
Category Archive: ‘Carmel Valley’
It is bad enough that the demand for new homes in CV is off the charts, but look how close the houses are for the money – up to $1.35 million, and no front yard landscaping either!
Bryce’s new CV listing is benefitting from the other Pardee developments nearby – it’s easier to choose between house A or B based on timing, rather than trying to decide yes or no on a single house. Here is a video tour:
There hasn’t been many times recently that we’ve seen a Davidson home for sale on a culdesac in Carmel Valley for low-$300s psf:
When every seller pushes for a higher price, eventually something has to give. Today there are 109 houses for sale in the 92130 (median LP is $1,349,000), and buyers are getting fussier:
The lower-end newer homes in Carmel Valley aren’t having any trouble attracting buyers. This went pending on Day Nine, and they weren’t showing it the first few days. The sellers paid $799,000 when new in May, 2009, and this sale closed for $961,500 on 12/30/13 (a 20% increase):
Here is a tour of Richard’s new listing in the 92130.
There were 25 groups who came through open house today in the rain, 2 1/2 weeks before Christmas.
Sunday’s open house is cancelled, offer accepted!
More tidbits from around town: