The Carmel Valley market can probably be split into two separate segments, under and over $1,000,000. With the Fannie/Freddie/FHA limit being $697,500 and most buyers having a healthy down payment, the supply and demand is fairly balanced under $1,000,000. It’s when you go over $1 million that it gets a bit squishy.
I’ve been a big proponent of agents doing their own video tours of listings, and this guy has one! It probably played a role in him finding his own buyer in just seven days: http://www.youtube.com/watch?v=y8iQPpi6sOo