Not Selling in CV

by | Aug 4, 2013 | Bubbleinfo TV, Carmel Valley | 1 comment

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:

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!
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1 Comment

  1. Peter
    Peter on August 5, 2013 at 11:11 am

    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?

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