The market continues to show incredible recovery and some would even say we are “fully recovered” from the last market downturn. With area builders now in full swing and producing new homes in multiple price points – the Carmel Valley lifestyle is up and running again indeed!
Year to date there have been 114 closed single family closed transactions. This is down from last years (151 units ) same timeframe comparison but the prices have reflected ( year to date ) an increase of some 8% to 10% increases from the past year.
The condo market has shown buoyancy for the first four months of this year as well. There have been a total of 96 closed transactions in Carmel Valley and although this is fewer than last years 110 units closed, prices are also showing an increase. The average selling price for a condo was $435,000 and the median price similar to last year at $421,000
Our forecast shows continued success in our local market – actually we are selling more units along the coast than other parts of the county. Our schools and shopping and close proximity to beaches will continue to draw attention to those buyers who are relocating to our area.
For continuous updates to the local market , please contact us at (858) 361 7050 and texting is great! We are the Tucker Team and your success is our success!