FWIW: I really haven’t been checking out Carmel Valley stats recently, simply because prices 2 years ago reached a point above which I personally could feel comfortable affording, so I stopped looking and keeping in touch (the same philosophy why i don’t go to auto-shows. Why bother looking at things that you cannot obtain)….
Anyway, this thread made me interested on looking at what’s going on again in this area…. I found this stat interesting posted by Redfin.
Past 90 days
Median List Price: $1.25M
Median List $/Sqft: $428
Median Sale Price: $950k
Median Sale $/Sqft: $406k
Median Sale/List: 98%
Average # of Offers: 2.4
Average Down Payment: 32.1%
Number of Homes Sold: 187
I don’t think people are struggling or necessarily stretching that much.
