There are so many new-home tracts underway in Carmel Valley that those thinking of reselling an older home may want to wait it out - or risk having to battle it out, price-wise, against stiff competition:
CV Update
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Carmel Valley
Zillow Local Predictions
Here are the histories, and forecasts, of our local Zillow Home-Value-Index for each area: They are forecasting flat or declining prices in three of our larger areas - and they are also predicting a drop-off in values as the selling season will be getting underway in...
CV REO Result
Oh well. Start over.
CV Auction Update
With less than 24 hours to go in the REO auction, it looks like the seller got a little antsy and decided to push the bidding closer to their $1,499,900 list price. Will there be a flurry of activity right at the finish line? We'll see!
One Paseo
Saturday is the grand opening of One Paseo, the master-planned community in Carmel Valley that has been 13 years in the making. Here is my video, and their video which includes a cameo of Becca from Bachelorette Season 14:
PHR Modern
The top-of-the-line Pardee tract in Carmel Valley opened this weekend, and they had hundreds of people show up. The first release had eight homes available, starting in the $1,700,000s, but prices go up quickly from there: With so many homes being built in Pacific...
Carmel Valley Custom
Let's start the new year with a tour of a 5,631sf home on the mesa - this sold for $2,725,000 in August:
Local Zillow Forecasts
I snipped this Zillow forecast (above) in October, 2016. They expected La Jolla home values to go up 2.1% in 2017, which earned a 'Very Cold' label. The La Jolla ZHVI rose 7% in 2017, so their forecast was a tad conservative. The index has been dropping lately, but...
More CV New Homes
Another tour of one of the new models in PHR:
Flood of New CV Homes
Pardee has four new tracts of homes in Carmel Valley. There will be a total of 377 houses here, plus a fifth tract (and the highest-priced), Vista Santa Fe, which is opening in January. The grand-opening-after-the-pre-opening is this weekend and remarkably they have...
