“So I think that in some instances lower transaction prices in Carmel Valley are being realized, but these are still mixed in with sales prices that are often considerably higher on a per sf basis and even accounting (subjectively) for differences in quality of the property.”
Exactly. PS and I discussed this about 2 months ago, calling it a “two-tier” situation. It’s still a two-tier situation, but the “new” tier pricing for “solds” is starting, finally, to outnumber the “old” (peak or near-peak) tier pricing.
And no, I don’t have a link to the listing. I’ll try to get the address or mls number when I get home if you want.
