Well-wishers have been checking in over the last few days after seeing the BW exposure. Most give me the elbow and some version of "Boy, I bet you're digging this market now!". It's not as rosy as it might appear, especially for the buyers who hope to make a calm,...
One year ago the same model across the street sold for $989,000:
Around Carmel Valley, 92130 it looks like we regained the ground lost over the last couple of years, and buyers are back to paying $340/sf. On the MLS, there are 72 active listings, and their median list price is $1,422,999 - with only 18 houses for sale under...
Let's look at the detached-home sales closed over the last 30 days and compare the sales prices to the list prices. Carmel Valley, 92130 Feb 28 - Mar 30 Category 2012 2013 Chg # of Sales 34 49 +44% Median SP $927K $885K -5% Avg $/sf $324 $355 +10% SP:LP 95% 98% +3%...
Here are snippets from the VIP Grand Opening of Alta Del Mar. There were a number of people there hampering the videography, but it wasn't overly crowded - why? Because they already have 170 buyers who have pre-qualified with the builder's lender to be on the list to...
For those who were thinking of sauntering in to this new development later this year to buy a house, it doesn't look good. Those on the waiting list won't be peeling off to buy similarly-priced resales around Carmel Valley, because there is no comparison:
Carmel Valley and Carlsbad are the best two areas for sampling the general market conditions. They are both known for their tract homes, which offer the convenience of newer features and lower maintenance/repairs. They also tend to be relatively affordable, compared...
These are among the oldest houses in Carmel Valley, but at least they are relatively cheap. This listed on January 16th on the range $709,000-$749,000, and closed yesterday for $759,000 FHA: It sold for $295,000 in 1994, then $387,000 in 1998, and $819,000 in 2005.
If it wasn't for the lousy comps that back up to the 56 freeway (two little ones sold last year in the $500,000s), this would look like a decent buy - though these sellers did get their tax-assessed value lowered to $590,000. It's in the Del Mar School District...
The inventory around Carmel Valley has evaporated the last few months:
