The other day we sampled a few recent home sales in Carmel Valley, 92130.
Some wondered, “why does CV seem to be beating the odds?” Besides the top-notch schools, another reason is because it’s the only place in North SD County Coastal where there are loads of newer houses. Most home buyers are not experienced in home repair or improvements, and they get the impression that a newer CV tract house would be the best way to avoid a “money pit”. Home sellers in general would be smart to take a page from the CV playbook, and dial in their house before putting it on the market – today’s buyers are picky and are holding out for the gems.
In particular, the affluent buyers want it all, and it appears that 92130 is a primary destination for those with money. Here are the tax-roll stats on the SFR sales between June 1 and August 17th:
But there are cheaper homes in CV, how does 92130 stack up with the other high-end areas? Here are the number of SFRs that closed over $1 million between June 1 and August 17th:
|Area-Zip Code||2009||2010||DM 92014|
Carmel Valley nudged out La Jolla and Solana Beach (which includes Fairbanks Ranch and the Crosby) to have the most sales over $1,000,000 this summer so far. Next we’ll look at the recent down payments used to purchase these houses in the CV!