November 12, 2026 Market Update in Carmel Valley, San Diego, CA 92130
• Single-family home market – Comparing October 2025 to October 2026, the average sales price for single-family homes is up 30%, while inventory is down 50% and closings are down 20%.
• Condominium market – The condo market is a completely different story. The average sales price is down 10%, inventory is up 50%, and sales are down 60%. The condo market has been weak across all of San Diego.
• Market Divergence – Single-family homes are attracting many cash buyers, who are not affected by interest rate changes. Condos don’t have that support, and lower interest rates next year could help that market.
Advice for Sellers:
• If you own a single-family home and it is priced correctly, you can expect to sell quickly and for a high price.
• If you own a condo, now might not be a great time to sell, so be informed on and watch the next market updates.
Advice for Buyers:
• Condo buyers have more choices and more room to negotiate than a year ago, with inventory up 50% and prices down 10%.
• Single-family home buyers face limited inventory and cash competition, be prepared to act quickly when the right home hits the market.
Good News:
• Single-family home prices in Carmel Valley are up 30% compared to last October, a strong sign of continued demand.
If you’re thinking about buying or selling a home in Carmel Valley or anywhere in San Diego, I can help you every step of the way. Please call me, Shirin Rezania Ramos, at 858-345-0685. Let’s make your real estate journey smooth and successful!
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 02033796
