If you’re considering selling your home, now is a great opportunity. The sale prices have continued to stay consistent over the last 12 months and the inventory is low. Good news for buyers, lender Guidelines are loosening up. Rates are always going to go up and down but rates are still historically low.
“Don’t worry about failures, worry about the chances you miss when you don’t even try”
– Jack Canfield
The home inventory level in 92130 continues to be the lowest that I can ever remember in the 30 years I’ve been selling real estate in Carmel Valley. According to Bloomberg “The US homeownership rate fell to the lowest in more than 50 years as raising prices put buying out of reach for many renters.” Both of these factors convince me that the real estate market in 92130 will continue to be robust.
“If we live by the principles of the gospel, we must be good people, for we will be generous and kind, thoughtful and tolerant, helpful and outreaching to those in distress. We can either subdue the divine nature and hide it so that it finds no expression in our lives, or we can bring it to the front and let it shine through all that we do.”
– Gordon B. Hinckley
The median sales price in 92130 continues to hover at the $1,150,000 mark. That has been fairly consistent since July 2015. The inventory levels of existing homes in 92130 continues to be low. I continue to believe that the prices of existing homes in 92130 will remain strong the rest of the year.
“Holding onto a grudge is like being stung to death by one bee“
– Vernon Headrick Stone
Typically, the real estate market gets a lot slower during the last quarter of the year. This year is not typical. The real estate market in Carmel Valley is very busy and many people want to take advantage of these low rates before the Fed raises the interest-rate. I really believe now is a great time to move up to the next home.
“Successes are just individuals who failed and didn’t stop.”
– Gary Keller
The real estate market in Carmel Valley is surprisingly strong for the fourth quarter of the year. Buyer demand for good properties continues to be strong. Interest rates are still great. Many people find this a great time to move up to the home they have always wanted.
“While the pessimist and the optimist were arguing about how full the glass was, I drank it”
– Anonymous
The median sales price in 92130 has only dropped about $20,000 from 14 months ago. I see a consistent demand for homes in Carmel Valley but I also see buyers being reticent to pay higher prices than the last sale of a similar home. According to Jonathan Smoke, realtor.com®’s chief economist, the residential real estate market has “clearly shifted in favor of buyers. Would-be buyers have struggled to find a home all year, but now inventory is nearly as high as it has been all throughout 2015, and it isn’t moving as quickly”
“Patience stoutly resists pulling up the daisies to see how the roots are doing”
~ Anonymous
Richard Stone – CA BRE# 00874215
(858) 481-7653
Taylor Stone – CA BRE# 02005195
(858) 395-7354
Josh Matiaco – CA BRE# 02015483
(858) 334-3980
Meagan Peterson – CA BRE# 01949551
(858) 481-7653
