[quote=FlyerInHi]
I read somewhere dataquick reported 30% of transactions being cash. So according to SD realtor’s data, 20% all cash is low for Carmel Valley.

[/quote]

I’m not exactly sure what you mean by “20% all cash is low for Carmel Valley”. Assuming you’re not disputing SDR’s data, I think what you’re saying is that the 20% call cash in CV is lower than the all cash percentage in the rest of the region.

And that makes perfect sense. We’ve heard for quite awhile about all cash investors buying up property with the intention of holding and renting units. There will always be some all cash purchases for owner occupancy. CV is not traditionally been a good market for SFH rental property for investors. I doubt there have been a lot of all cash purchases by investors, with the intent of renting out the units. It’s been, and probably continues to be, among the worst markets for that kind of investment. They’re buying in lower priced markets where rental rates can generate decent cash flow. Can’t easily do that in the CV detached home market.