Market Conditions in 92130>Question Details

Summer, Both Buyer and Seller in Aptos, CA

How is the Carmel Valley /San Diego market doing?

Asked by Summer, Aptos, CA Tue Aug 28, 2007

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14
Hi Summer,

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!

Alex Saavedra
Century 21 Award
619-519-0683
alex.century21@ymail.com
0 votes Thank Flag Link Sun Aug 22, 2010
Looks pretty decent in this area so far in relation to the PPSF value and location as opposed to other areas in this class.

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".
0 votes Thank Flag Link Thu Aug 19, 2010
The Carmel Valley market is doing well. What is great about it is that it is surrounded by other great areas such as Poway and Scripps Ranch. The median home price is actually higher in these area than the average median price for San Diego. If you're interested in seeing exactly how the neighborhood is doing via CMA, I would be happy to help you out with that. All you would need to do is visit my page and sign up and I will do the rest. I hope this helps.

All the Best,

Chris Placencia
Great Life Realty Team
Prudential California Realty
Web Reference: http://www.cali-dreamin.com
0 votes Thank Flag Link Thu Aug 19, 2010
There is strong demand for houses in Carmel Valley. Summer traffic has been consistent as many families make moves during the summer to get into the school district. Prices have held pretty well. But we're still seeing a lot of buyers consider lower-priced homes in Rancho Penasquitos, in the Poway school district. For example, just on the border of Carmel Valley at Torrey Highlands, a lot more house for the price:
http://www.sdrealtypros.com/rancho-penasquitos-homes/house-f…

For other San Diego real estate stats see our blog at
http://www.SDRealtyPros.com/blog/

For a Carmel Valley foreclosure list call 619-200-7612
0 votes Thank Flag Link Mon Aug 16, 2010
Carmel Valley is really hanging in there...properites are selling quickly, when there priced right. I've noticed that when Seller's have good advice about pricing, their homes seem to sell sell and they often have multiple offers! That's been the case with many of our listings this past Spring and Summer.
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.
0 votes Thank Flag Link Mon Aug 9, 2010
Excellent Question!

I just posted a Carmel Valley Real Estate Market Trends on my blog here:

http://www.ehomeconnect.net/blog/2007/carmel-valley-real-est…

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
0 votes Thank Flag Link Mon Nov 26, 2007
Carmel Valley has done better than most, but its still feeling the crunch. If you haven't already purchased your home, and you've been interested in this area for some time, YOU ARE NOT ALONE! As I'm writing this, it's Nov. the slowest month of the year historically speaking, and even last month, some of the homes that were in escrow fell out - either bc buyers can't qualify or just don't have the confidence and are bailing.

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!
0 votes Thank Flag Link Wed Nov 14, 2007
Carmel Valley is stronger than most nearby markets. Prices seem to be holding steady and inventory isn't as high as say San Marcos. You can search the actual mls at http://www.endeavorgrouponline.com
0 votes Thank Flag Link Wed Sep 26, 2007
Lots of great stats posted by others. The neat thing about Carmel Valley to me is the fact that it sits right between two other great areas, Rancho Penasquitos/Carmel Mountain Ranch and Del Mar. Almost exclusively newer construction it is a great area for young professionals and families. It offers eassy access to all areas of the county and some pretty major players in the job market. All that to say this, "Carmel Valley should be a fantastic area to own a home in for a long time to come"!
0 votes Thank Flag Link Thu Aug 30, 2007
You can find MLS statistics, numbers listed/sold, average/median list and sold prices, days on market, months of inventory for any zip code in San Diego County at http://www.sandicor.com/statistics. this information should help you get an idea of the trends in Carmel and San Diego. There are about a thousand bank owned properties in the county at this time. These will undoubtedly put some downward pressure on the market.
0 votes Thank Flag Link Thu Aug 30, 2007
Pam, Deborah gave some great stats for you to look at. I think the very hardest hit there was the condo market, which dropped more than many parts of our county, due, I believe to a great number of condo conversions which all opened up just before the market's adjustment. Therefore, all of the condos were impacted.

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!

Patti Phillips
2007 President of North San Diego County Women's Council of Realtor's
800-680-9133
0 votes Thank Flag Link Wed Aug 29, 2007
Carmel Valley (92130) seems to be doing pretty well, although the area has felt some changes, just like other parts of the County. In July, the statistics were: 56 detached homes listed, 38 sold, median sale price $963,000, & percentage between list price and sales price was almost 97%. People love the area for the schools, the proximity to the beach and that it is an affordable alternative to some of the areas closer to the beaches (like Del Mar). Condos seem to have gone down in price a bit, but it's still a popular area.
Web Reference: http://www.sandicor.com
0 votes Thank Flag Link Wed Aug 29, 2007
The Monterey Peninsula is always an active market and Carmel is more affordable than ever. I own property in the area and keep my finger on the pulse.
Web Reference: http://pamwinterbauer.com
0 votes Thank Flag Link Tue Aug 28, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
Contact
Carmel Valley is a hot market. You can still get a nice home on acreage for under $800,000. I have been studying it. I am looking for myself. Parts of San Diego County are doing well especially the rural property market. Look in Fallbrook and Encinitas.
0 votes Thank Flag Link Tue Aug 28, 2007
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