Carmel Valley, San Diego 92130 Market Update (January 2024)
Market Changes:
• Median sales price increased by 8% from December 2022 to December 2023.
• Inventory levels have tripled despite ongoing inventory shortages.
Buyer Trends:
• In the last 30 days, 60% were cash purchases in Carmel Valley.
• A significant number of buyers have returned to the market due to interest rates dropping to approximately 6%.
Sales Observations:
• Almost every single-family house in Carmel Valley that didn’t sell by the end of last year is now selling rapidly.
Advice for Sellers:
• If you have a challenging property to sell, consider listing it immediately before market conditions change.
What is your home worth? click here.
Homes for sale in Carmel Valley click here.
Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
