Carmel valley prices?

[Vees]

We have been actively looking in the CV area for the last few months and are just astounded by the prices the homes are selling
eg:

1.
http://www.sdlookup.com/MLS-140059536-11156_Corte_Pleno_Verano_San_Diego_CA_92130
we saw this home. Given it is nicely done but has very small yard..and it went for 1.6 Million cash? 100k above list price

2. http://www.sdlookup.com/MLS-140040810-5716_Brittany_Forrest_Ln_San_Diego_CA_92130

flipped in 3 months for 100k? sold for 1.45 in sept. Sold again recently for 1.58m.

3. http://www.sdlookup.com/MLS-140056128-5164_Great_Meadow_Dr_San_Diego_CA_92130
$486 sq/ft (listed). Sold in march for same price..

so what we are wondering is what is going on in CV? is this overseas money driving the prices out of range? are we back to the 2005 bubble in CV??

[Coronita]

1. It’s carmel valley

2. yes, but not everything and everyone

3. no, because most buyers active in these areas are very strong still

I would suspect some of the >$1million are cash buys…Drop in the bucket for them imho….

Good luck with your search. I’ve been wanting to upgrade for some time…And I regret not listening to sdrealtor a few years back on one, no wait two, not wait three, no wait four homes we looked at… when things now look like a steal…..Oh well….

[svelte]

I would be interested to know how much of that all cash activity comes from Chinese nationals.

[Author]

Posts