Your #1 source for Carmel Valley Del Mar homes for sale and overall San Diego real estate market update. We analyze the activity of both buyers and sellers of Carmel Valley San Diego real estate and give you insight into where the current market is and where it may be heading.
October 30, 2009
Below is a snapshot of this week’s Carmel Valley Del Mar Real Estate for Sale.
Carmel Valley MLS Listings on the Market:
Average List Price $1,445,061 …..Trend is down
Asking Price/SqFt. $388
Least Expensive Listing $200,000
Most Expensive Listing $7,450,000
Average Days on Market 94 …..Trend is up
Total Inventory 231 …..Trend is down
The Bottom Line - Activity in the Carmel Valley Del Mar real estate market slowed slightly this past week with 15 Carmel Valley homes for sale going into escrow, though overall the buying has still been solid and the inventory continues to decrease which is helping keep prices stable. Continuing a trend we’ve been following, the higher priced homes for sale in San Diego (those needing non-conforming loans) are now going into escrow more frequently. There were more than half the new escrows in Carmel Valley this week that were above the $697,500 loan limit, a positive sign.
The neighborhoods in the south and east parts of Carmel Valley – Torrey Hills, Pacific Highlands Ranch and Torrey Del Mar real estate for sale – have been seeing strong buyer interest as they tend to offer value for the relatively new construction. Speaking of new construction, the local builders including Pardee Homes, are again underway with new developments which indicates their optimism for 2010 and beyond. For information on new communities in San Diego, contact the Dalzell Group at (858) 755-7740.
Check in often on this blog for important updates including news about the expected Homebuyer Tax Credit extension and other housing bills being considered in Congress right now.
Now continues to be a great time to buy – call the Dalzell Group today at (858) 755-7740 and let us help you get started on your new home search in San Diego.
