Amazingly to me, CV is still going fairly strong. In my submarket (Encinitas/South Carlsbad) things got noticeably slower the last few weeks.
Tell me about it. We have been looking to Carmel Valley as where we want to move (from UTC). Prices are not tanking like they are in places further east like 4Closure Ranch and Scripps Ranch.
Actually, I was curious so I ask why they moved in. Most cited the school district.
Our biggest reason is location – quick access to the 5 and 805 are extremely nice to have. We love to eat out downtown on the weekends, go to Padres games, and we both do enough travel that quick proximity to the airport is important as well. Schools are “somewhat” of a draw, but we’re a few years away from even having kid – and he/she won’t even be entering the school system for another 5 years beyond that.
But combining those two elements: schools and location, it’s hard to see CV prices dropping in the manner that other ostensibly upper-middle-class areas have.
My dislikes about CV houses are that they all have at least one “weird” thing about them. In one place it will be the prison cell 8×10 bedrooms; in another it will be vast unused open indoor space; in another it will be the nightmare of a swimming pool (we’re totally opposed to buying a place with a pool).
Fortunately, we’re in no rush. So if there IS going to be a more pronounced price decline, we can wait it out.
