The real estate market is rebounding in Carmel Valley

130009339-19There are signs that the real estate market is rebounding in Carmel Valley. With less inventory, fewer foreclosures, low interest rates and buyers looking for deals, the market is returning to a more normal market. Here is a market snapshot to give you an insight into what is happening currently in the Carmel Valley real estate market:

Stats

According to Trulia the median sales price for the period November 13, 2012 to January 13, 2013 was $635,500, up 3.1% over the same period last year.  The number of homes sales remained about the same. There are currently 71 resale and new homes for sale as well as 39 homes in some stage of foreclosure. The average listing price for a Carmel Valley home during the week ending February 13, 2013, was $1,659,905, reflecting an increase of 1.6% compared to the week before.  So all in all, market trends indicate that 2013 will continue to be a strong real estate market.

Popular Carmel Valley communities

Carmel Country Highlands offers residents some of the area’s finest living with great schools, parks, breathtaking views and ocean breezes, golf courses, nature trails and so much more. You will find other great new home neighborhoods such as Carriage Run and The Ridge at Saratoga, Brightwater, Watermark at Pacific Highlands Ranch and Terramar at Torrey Highlands.

Fairbanks Ranch

Rich in history, in the early 20th century, silent film star Douglas Fairbanks purchased 3,000 acres in this area referred to as Rancho Zorro. The only real estate was his home.  Today,  Fairbanks Ranch is one of Carmel Valley’s premier neighborhoods located near the coast where you can find exclusive estate homes. With nearly 100 acres of natural and beautiful surroundings, you won’t be disappointed in this gated community.

With so many fabulous Carmel Valley communities to choose from, it is no wonder why this area has become one of the most sought after and desirable places to live and own real estate. If you are thinking about buying or selling Carmel Valley real estate, now is a great time. Motivated sellers with well-priced homes are finding their homes selling quicker now. Buyers can still take advantage of the affordable Carmel Valley home prices and low interest rates. Working with a Carmel Valley Realtor is recommended to help you with your buying and selling needs. A local Realtor understands how unique the Carmel Valley real estate market is and can save you time and money.

Article contributed by San Diego Home Sales on the Carmel Valley real estate market

Comments are closed.