The sales results are now in and published. The year to date sales activity for single family homes within Carmel Valley continues to set new records. Here are the running totals for single family home sales for the first ten (10) months of each year within Carmel Valley;
2008 – 349 units closed, average selling price $1,141,866, Days on market 52 – before escrow opened
2009 – 336 units closed, average selling price $ 975,245, Days on market 63 – before escrow opened
2010 – 387 units closed, average selling price $1,017,646, Days on market 50 – before escrow opened
2011 – 377 units closed, average selling price $1,073,979, Days on market 68 – before escrow opened
2012 – 457 units closed, average selling price $1,004,477, Days on market 60 -before escrow opened
2013 – 487 units closed, average selling pirce $1,171,659, Days on Market 34 – before escrow opened
Summary – Observation: Records are set each month and the demand still continues even as we are nearing the end of the year. Builders are providing much needed new construction and permits are being applied for by area builders. We are now in what might best be defined as a “balanced” marketplace. We are averaging about the same number of new homes per month that exit the market monthly. Time to have inventory “absorbed” is averaging only 45 days.
There are currently 87 single family homes for sale and we have 36 homes in escrow and due to transfer title most likely by the end of the year.
Our experience counts – we “know the market” as the Tucker Team. We can put our coastal real estate experience to work for you! Simply call or text anytime at (858) 361.7050 We are the Tucker Team!