I got a marketing postcard in the mail this week that highlighted the sale of a Carmel Valley home as follows: “Torrey Del Mar Sale! Sold for $840,000 in 18 days, at $25,000 more than the last sale”. First time I had seen something talking about prices going up in a long, long time. But there is it….one more data point. Perhaps it speaks to a post I think I read from SDRealtor about market conditions being very particular to the individual neighbourhood. I read the Carmel Valley News and there are many, many pages of ags from agents with multiple photos of houses with “In Escrow Jan 15, 2007”, “Sold 2/12/2007” notated on them etc. If the ads in that newspaper were all you based your evulation of the market on you might thing homes are selling like hotcakes. Again, it might be that Carmel Valley can hold its own…to some degree. And don’t get me wrong. I am a major housing bear.