Real Estate Market Updates

Home Prices in San Diego (Carmel Valley 92130) for August 2014

Home Prices in Carmel Valley (San Diego 92130) for August 2014
Data for “Home Prices in Carmel Valley (San Diego 92130) for August 2014” taken from the report published on Aug 5, 2014 by San Diego Association of Realtors.
Just like the rest of the San Diego Housing Market, Carmel Valley (92130) continues to recover with some mixed news. 
Home Prices in San Diego (Carmel Valley 92130)
 
The number of closed sales declined drastically for detached homes (-30.9%) and a little less drastically for  townhomes and condos (-13.8%) compared to this same time last year.
 
There are also fewer single family homes on the market as both pending sales  & new listings also declined in August as compared to August 2013
 
Home Prices in San Diego
The good news is that home prices in San Diego’s Carmel Valley continue to improve with the exception of a small hiccup in prices for Condos as compared to July 2014  
The overview for Home Prices in San Diego County and Market trends August 2014
 
Median Sales Price
Aug 2014 July 2014 Aug 2013
Single Family Homes $490,000 $485,050 (+1%) $435,000 (+12.6%)
Condos-Townhomes $315,000 $311,900 ( +1%) $275,000 (+14.5%)
Median prices for both single family homes and condos/townhomes increased in San Diego County for August 2014 as compared to last month and the same time last year.
The average days between a property listing until an offer was accepted held steady at 44 days. 
Inventory continues to decrease, making it still, a seller’s market.

Want to get head start on making an offer? First get yourself pre-approved so you know what price point you should be looking at to fit not just your qualification but also your monthly budget.  Next is to begin your search!
Contact me for a referral to a Realtor® that is an expert in your area.
Want to check out the stats for homes sold in your area? Access the number by Zip Code HERE

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