CV Lower-End

Written by Jim the Realtor

February 22, 2013

These are among the oldest houses in Carmel Valley, but at least they are relatively cheap.  This listed on January 16th on the range $709,000-$749,000, and closed yesterday for $759,000 FHA:

It sold for $295,000 in 1994, then $387,000 in 1998, and $819,000 in 2005.

2 Comments

  1. tj & the bear

    San Diego — where “relatively cheap” is 3 quarters of a mil!

  2. avgjoe

    It seems like the party always starts in so cal. As prices rise a lot of people seem to get left behind. They then start looking elsewhere. A lot of people simply dont have the money to pay 750k for a place to live. If it is FHA don’t they require 3% down? 750k x .03 = 22,500.00. I would venture to say that 75% of americans don’t have that amount of money saved. PHX lookn better all the time.

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