Carmel Valley Monthly Real Estate Market Trends
Carmel Valley is part of the city of San Diego located east of Del Mar and Interstate 5. Carmel Valley housing is a mix of single family homes, apartments and condos, all of which were built after 1980. As building continues the area has been kept well manicured and the Carmel Unified has been recognized as being one of the top school districts in San Diego County.
Carmel Valley is made up of commercial offices, residential units, hotels, retail stores and restaurants. It is an upscale neighborhood with a median income of about $120,000. With a relatively younger population the median age in Carmel Valley is about 36.
The principal idea of this chart is to provide the tools necessary for you to have a complete market analysis for your interests in Carmel Valley.
Carmel Valley real estate homes sales in March and the first quarter were the highest for both condos and detached homes since 2007. March sales were up 60% for detached homes and condo sales were up 90% from March 2009. The sales growth for detached homes in the first quarter were broad based with all but the over 4,000 sq ft homes showing gains in sales. Condos had a very similar sales pattern with the over 1,600 sq ft condos showing sales declines.
Data from Sandicor (04/05/2011) is deemed reliable but not guaranteed.
Carmel Valley real estate homes sales in March and the first quarter were the highest for both condos and detached homes since 2007. March sales were up 60% for detached homes and condo sales were up 90% from March 2009. The sales growth for detached homes in the first quarter were broad based with all but the over 4,000 sq ft homes showing gains in sales. Condos had a very similar sales pattern with the over 1,600 sq ft condos showing sales declines.
March 2011 Carmel Valley Market
|
Inventory
|
233
|
|
Inv Avg Price
|
$1,214k
|
|
Sold
|
40 |
|
Sold Avg Price
|
$1,136k
|
|
Sold Median Price
|
$910k |
|
Pending
|
41
|
|
SP/SF
|
$345 |
|
DOM
|
64
|
|
SP/LF
|
97% |
Definitions
Inventory: The total number of properties available
Inventory Average Price: Average Price is the sum of all prices divided by the number of properties in the inventory
Sold: Number of properties sold in a particular month
Sold Median Price: Median Price is the price at which 50% of properties sold were above the given price and 50% were below that price
Pending: Properties that are pending because of Escrow process
SP/SF: The average selling price divided by the average square foot
DOM: Average Days on Market is calculated from when a property was first put on the market until it was put under contract or taken off the market
SP/LF: The average selling price divided by the average list price
