This week the medium list price for San Diego, Carmel Valley 92130 is $1,462,000.
Demand measured by the Market Action Index (MAI) is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the Carmel Valley Real Estate market.
SUPPLY AND DEMAND
The Carmel Valley real estate market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in a seller’s market. Watch for changes in the MAI to see if the market heats up further and prices climb.
REAL-TIME MARKET PROFILE
Median List Price $1,462,000
Asking Price per Square Foot $425
Average Days on Market 75
Percent of Properties with Price Decrease 35%
Median House Size 3,705 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 4.0
Market Action Index SELLER’S ADVANTAGE 33.2
We continue to see the price for Homes for Sale in Carmel Valley bounce around this plateau. Look for a persistent change in the MAI before we see prices deviate from these levels.
MARKET ACTION INDEX (MAI)
The Market Action Index answers the question “how’s the market?” by measuring the current rate of sale versus the amount of Carmel Valley homes for sale. Index above 30 implies seller market conditions. Below 30, conditions favor the buyer.