It is still very active in Carmel Valley (67 new listings and 50 new pendings in the last 30 days), but there are houses not selling. Here is an example of one that’s asking $1,000,000+ for 2,556sf that backs to Carmel Mountain Rd:
Jim Klinge
Klinge Realty Group
Broker-Associate, Compass
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
Is CV is slowly becoming La Jolla, an after thought for most buyers?
South of 56 prices are ridiculous right now, maybe 10% heavy. North of 56 used to be more of a value play since these were older houses built in the 80’s. However it looks like these guys also want south of 56 prices now, which were built in 2000’s. So net results is a lot of turkeys sitting and waiting for offers that are not coming.
At what point will sellers realize this and adjust the prices?