Here’s an example of how fast the market has been moving:
It was only nine years ago when you could buy a decent Carmel Valley starter home in the $600,000s. This 2,056sf house built in 1985 on Santa Nella sold for $678,000 in April, 2009.
Five years later, this 2,057sf house in Carlsbad sold for $679,000 in April, 2014.
You can still buy a 2,096sf house in the $600,000s today; you just have to go to Oceanside. Here’s an example of a house that just closed for $620,000, and though it does back to a busy road, you do get a 3-car garage!
Meanwhile, the value of the Carmel Valley house is around $1,000,000 today.