This week the medium list price for San Diego, Carmel Valley 92130 is $1,445,000.
Demand measured by the Market Action Index (MAI) is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive for the Carmel Valley Real Estate market.
SUPPLY AND DEMAND
The Carmel Valley real estate market has been cooling over time and prices have recently flattened. Despite the consistent decrease in the MAI, we’re in a seller’s market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit.
REAL-TIME MARKET PROFILE
Median List Price $1,445,000
Asking Price per Square Foot $419
Average Days on Market 83
Percent of Properties with Price Decrease 35%
Median House Size 3,689 sq. ft.
Median Number of Bedrooms 5.0
Median Number of Baths 4.0
Market Action Index SELLER’S ADVANTAGE 31.9
While the median price for Homes for Sale in Carmel Valley hasn’t moved much in the last few weeks, we are relatively close to the market’s high water mark.
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.