Four new listings of canyon-front Carmel Valley tract houses have hit the market in the last week. They joined three other similar active listings nearby, creating a full selection for buyers.
One agent commented that they have a canyon-front listing in Derby Hill coming up shortly, which will make it eight active listings – and potentially reaching a saturation point.
Another agent remarked, “But we have comps now”, which is true. One closed for $1.755 last week, and another listed at $1.895 is pending.
Will those be enough to keep buyers jumping?
A flood of new listings in any area should delight buyers, causing them to gobble them up….or will they consider it frenzy overload, especially at these new price points?
The Torrey Hills/Carmel Country Highlands area already has to contend with the new homes being sold at nearby Alta del Mar.
Will buyers start to hesitate when they see more listings?
This could happen in any area. If you are thinking of selling and see inventory growing around you, well, you know what to do – call Jim the Realtor!