Carmel Valley

After six months of slow sales, Q2 bounced back to healthy levels in Carmel Valley. Fift y-three total sales mark the most since Q2 of 2022, up from 39 and 34 in the two previous quarters. While average sale price ($1.785M for the quarter) was down 8.2% year over year, it was up 29.6% from Q1 2023. After zero home sales over $3M in Q1, we saw ten such sales in Q2, showing high priced buyers are coming back to the area.

AVERAGE SELLING PRICE

$1,785,639 29.6% 8.2% versus Q1 2023 versus Q2 2022

DAYS ON MARKET

49

7.5% 63.3% versus Q1 2023 versus Q2 2022

SALES VOLUME

$94,638,850

76.1% 21.5% versus Q1 2023 versus Q2 2022

UNITS SOLD

53

35.9% 14.5% versus Q1 2023 versus Q2 2022