Hello Friends,
We hope this message finds you well! We're checking in with the latest market activity for detached single-family homes in Carmel Valley and sharing a few key insights on what we’re seeing on the ground.
Our expert insight:
The market is shifting. There are currently 45 active listings and 25 pending—marking an increase in available inventory. Over the last 14 days alone, we saw 9 new listings, 13 go pending, and 9 homes sell. Zooming out to the last 30 days, 33 new homes hit the market, 24 went pending, and 28 sold. While activity slowed over the past 45 days due to broader economic uncertainty, momentum has picked up sharply in the past two weeks as interest rates eased and the stock market rebounded.
Key takeaway:
While inventory remains low by historical standards, it’s growing—and the market remains stable with signs of strength. Sale prices continue to climb. Comparing the last 90 days to the previous 90-day period, price per square foot is up 3.1%.
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Homes between 2,000–3,000 SQFT are averaging $900/SQFT
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Homes between 3,000–4,000 SQFT are averaging $817/SQFT
We’re watching a healthy, stable market, with demand still supported by strong equity markets and falling interest rates—even at these record sales prices.
Please reach out if you’d like a personalized market analysis or to discuss your real estate goals.
Stay well,
The Moore Realty Group
