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It seems that everyone is looking for $400/sf around Carmel Valley now.  At this pace, it may only take a few more months!

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Carmel Valley Annual Stats

Year Median SP Avg $/sf Avg DOM
2010
$890,000
$340
53
2011
$892,500
$324
69
2012
$875,500
$327
58
2013
$975,000
$346
42

The Carmel Valley YTD sales are 32% higher than last year at this time, and the pendings look strong too. There are 89 detached homes in escrow, with list prices averaging $381/sf and a median list price of $1,025,000. They average only 20 days on market.

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