According to the Housing Opportunity Index developed by the National Association of Home Builders (NAHB) and Wells Fargo. It was the sixth consecutive quarter that the affordability index hovered near a record high on a national level. With that said we are seeing more affordability in our local real estate market including Carmel Valley San Diego. Until 2009, the Housing Opportunity Index had never reached 70% and now the index indicated that 72.3% of all new and resale homes sold in the 2nd quarter of 2010 were affordable to families that earned an average income of $64,400 (on a national level).
With interest rates at all time lows and home prices more affordable than ever, it is a great time for Carmel Valley home buyers to make that step towards home ownership. Carmel Valley San Diego real estate for sale has stabilized and continues to see a strong market right now, with the entry level detached home (under $750k) being a favorable choice for many Carmel Valley home buyers. In comparison to last year homes are selling for less, selling quicker (59 days) and inventory is climbing. Bottom line – supply and demand is in your favor and now is a great time to buy.
There are many new communities in the Carmel Valley San Diego area, many of which are affordable. Highlands Village starts in the high $400,000s and Carriage Run, Terramar, and the award winning Manzanita Trail, in Pacific Highlands Ranch, all begin in the low $700,000s. These master planned communities, built by Pardee, are new construction, energy efficient homes that offer enviromentally friendly principles. The award winning schools, family friendly lifestyle, and close proximity to the coast is what attracts most Carmel Valley San Diego homebuyers.
Now continues to be a unique buying opportunity for investors and move-up buyers in Carmel Valley San Diego. To find Carmel Valley’s next great real estate value call the Dalzell Group, your Carmel Valley San Diego real estate experts at (858) 755-7740 for a private consultation.
