This youtube video tour of recent sales around 92130 starts with two detached 2,408sf condos in PHR that closed in the $600,000s.

In the peak era (2005-2007) when these were new, there were 24 of them that sold over $800,000. Yes, these two could be called outliers because one backs to the busy road and the other was an REO, but those are the comps now. It also shows how the price decline can move very slowly – it took four years for newer, ‘affordable’ product in CV to drop 15-20%. The Pardee march up the valley provides constant supply too, so expect pricing of these detached PHR condos to be sluggish at best.

The others show how the momentum continues for the million-dollar tract houses in Carmel Valley:

Pin It on Pinterest