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:
Klinge Realty Group
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
CA DRE #01527365, CA DRE #00873197
I'm Jim Klinge, local broker affiliated with Compass. Most tweets are from my blog https://t.co/L9m2r9DMMM regarding North San Diego coastal market. CA DRE #00873197
Powell said in the beginning that he didn't know what would happen. Let's pause here and see if it's enough! Because he has killed the real estate market already.
New post (Inventory Watch) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2022/10/03/inventory-watch-374/
The median home price reports in the press are going to start reporting more of a price decline than is actually occurring on most homes in an area, due to a shift in sales volume toward smaller, lower-priced homes.
Case Shiller and our Burns Home Value Index correct for this.