Above are the 2024 listings that have already closed escrow in Carmel Valley – it’s very competitive.
We’re heading into a new era where buyer-agents will be appreciated less than ever, if at all.
Consider this – in a bidding war where the sellers listing agent will be choosing between similar offers, won’t having a solid, reputable buyer’s agent on your side be helpful?
Not only will the buyer get strategic advice on making a more-lucrative offer, but the buyer-agent’s reputation will also play a role in the outcome. The listing agent will want to select a deal that has the best chance of closing easily, and their comfort and familarity with the buyer-agent will make a difference here in a tight race!
While it would appear that there was a big jump in new listings last month, the January count wasn’t unusual – it’s just inching its way back to a more-normal pace:
January New Listings – Totals of Three Areas Above
2019: 234
2020: 186
2021: 157
2022: 113
2023: 101
2024: 106
The pricing leveled off when rates jumped in 2Q22, with more volatility lately:
Part of a nice flurry of July sales that are inline with the monthly sales counts in March-June. But the median sales price has a month-over-month change of -17%, which will cause the doomers to flip out. But it’s only because there were a bunch of lower-end sales this month.
Your home’s value didn’t drop 17% in the last 30 days!
I don’t know if they did it on purpose, but this was priced well below market at $1,295,000. On Friday it closed for $1,570,000. The open house started at noon – I got there at 2pm and it was still cranking.
This was the lowest-priced single-family-residence in Carmel Valley this year – by $200,000! It shows you that when you put a home on the open market and let everyone have an opportunity to buy it, the market will get you up close to retail. Two other listings of this model are pending, priced at $1.5 million. One of them was pending when this went on the market.
Check out this attractively-priced Portico home with fully remodeled kitchen, LVP-hardwood floors, 3 bedrooms + loft and downstairs den, sumptuous primary suite with two walk-in closets, and upstairs laundry room. New paint and carpet, private yard, and cool front porch to watch the balloons go by! Live here and send your kids to Solana Ranch Elementary School – verified with the school district. The pool/clubhouse is like a 5-star resort! This home is a good distance away from Carmel Valley Road too. This same model sold for $2,086,000 on May 9th.
Our new listing in Carmel Valley! Open 12-3 this weekend.
Check out this attractively-priced Portico home with fully remodeled kitchen, hardwood floors, 3 bedrooms + loft and downstairs den, sumptuous primary suite with two walk-in closets, and upstairs laundry room. New paint and carpet, private yard, and cool front porch to watch the balloons go by! Live here and send your kids to Solana Ranch Elementary School – verified with the school district on Nov. 16th. The community pool/clubhouse is like a 5-star resort! It’s a good distance away from Carmel Valley Road too. This model sold for $2,086,000 on May 9th. Look at the savings – our list price is 20% off, and the 30-yr jumbo rate is back down in the 5s! Fed governor Bullard said today that the Fed Funds rate might have to go 1% to 3% higher. This home is the best discounted price/low rate combo you’ll see in the next 1-2 years! Only $1,675,000.
