Since Carmel Valley is a very desireable area of San Diego this area is doing well. With interest rates being at an all time low, this area has become a bit more affordable to some. As for the rest of San Diego, it varies. Some areas have high inventory and some have low nventories. Of course, this is all relative to your specific situation. What may be right for you doesn't always translate to someone else's situation. If you would like a full list of homes for sale in the area please let me know. Below is a link to a graph comparing San Diego home sales to Carmel Valley home sales. Good Luck!
Century 21 Award
As of today, there are currently 212 SFH's for sale and 105 condos....these are resale.
Your average PPSF is around $375 for houses and about $350 for condos.
I have seen slightly heavier price reductions as of the last month than ATC (after tax credits) but I dont think its unusual as compared to some other areas.
Get a good REALTOR. There are areas like Pacific Highlands Ranch which are having some problems. The lack of residents in this area is causing quite a pickle in getting the libraries, shopping centers etc from the city in place which were supposed to be part of the "plan".
All the Best,
Great Life Realty Team
Prudential California Realty
For other San Diego real estate stats see our blog at
For a Carmel Valley foreclosure list call 619-200-7612
I think it will get even better this Fall with interest rates at an all-time low!
Check us out at: http://www.CarmelValleyHomesSanDiego.com or call 858-243-5278, we're in Del Mar.
I just posted a Carmel Valley Real Estate Market Trends on my blog here:
Carmel Valley is holding its value well while many areas of San Diego are not.
I live in Carmel Valley and my wife and I are experts in the area. Visit our web site http://www.eHomeConnect.net and select Search the MLS and have a look for yourself on the homes and condos on the market. When you need an expert you now have one. Call us at 619-656-6700.
Mike Lewis eHomeConnect Agent
Qualifying for a mortgage and being able to make the large pmt is a big issue for most buyers out there at the Carmel Valley pricetag. Of course, there are the doctors and executives that can afford $5,000/mo mortgage and doing it on purpose for tax reasons, but more modest homes where the target buyers are middle to upper middle class, its getting very difficult for the sellers. There have been some major price reductions recently. At the end of the day though, a buyer should be buying a home to live in and looking at this as a long term investment. Flippers and investors are pretty much gone and with great schools, you're going to win in the long run, especially if you buy now when everyone's selling!
Depending on what you have to buy or sell though, it could work out well for you! There are some nice buys out there to be found.
If you are thinking of selling Pam, really make certain you have an aggressive agent who is going to implement every available selling tool- especially through web-sites and "out of the box" type of marketing.
As Deborah said, the schools are very well respected in the San Diego area, there are all of the conveniences of being close to shopping, beaches, freeways, etc. If you want to get to the downtown area of San Diego for theatres, restaurants, etc. it is just a skip and a jump.
You are located near a lot of our industry, such as the bio tech companies, QualCom, etc.... in general you almost can't go wrong there!
If you are interviewing agents I'd love a chance to interview for the privilege of helping you to buy or sell your Carmel Valley home!
2007 President of North San Diego County Women's Council of Realtor's