Carmel Valley Median Condo Price for 2007
Carmel Valley Condo Median Prices from 1988 – 2007 below.
Year Price
2007 $515,000
2006 $535,000
2005 $552,500
2004 $534,000
2003 $421,750
2002 $355,500
2001 $314,500
2000 $290,000
1999 $237,990
1998 $210,000
1997 $189,576
1996 $165,250
1995 $176,000
1994 $171,000
1993 $168,774
1992 $173,500
1991 $175,000
1990 $197,074
1989 $183,785
1988 $145,783
The median price for a Carmel Valley condo in 2007 was $515,000. In 2006 the median condo price was $535,000 and in 2005 it was $552,500. Prices fell 3.74% from 2006 and 6.79% from 2005 median condo prices. There were 281 condos sold in Carmel Valley for 2007 compared to 243 in 2006 and 388 in 2005. The big jump in Carmel Valley median condo prices was from 2001-2003 a gain of $107,250 over 2 years and from 2003-2004 a gain of $112,250 in 1 year. The peak year for Carmel Valley Median condo prices was 2005 with a price of $552,500.
The market is now in 2008 has taken and will continue to take some of these gains back. The question is will the prices fall lower in 2008 in Carmel Valley. They will probably come down some but hopefully not too much. There is a Real Estate Auction in Carmel Valley. The Heights in Carmel Valley are auctioning off there inventory of new condos. There are 32 of them set to be auctioned off on February 9, 2008. 2 bedroom condos have a starting bid in the low $200,000’s and 3 bedrooms have a starting bid in the high $200,000’s. This is a great opportunity for an investor or someone looking to buy a condo in Carmel Valley possibly way under priced. If you’re interested call us right away.
If you are looking to buy or sell a condo in Carmel Valley make sure you contact us. I can help you with all of your Carmel Valley Real Estate needs. I’m a Carmel Valley Realtor and your neighbor. Make sure you call me when it’s time to relocate to or from Carmel Valley.Please visit my web site at http://www.dawnsellssandiego.com/ and find out everything about Carmel Valley Real Estate. Please call me at 619-981-3917 when you need help with Carmel Valley Real Estate, homes or condos.
Dawn Lewis “Your Personal Real Estate Consultant for Life” 619-981-3917 San Diego Real Estate
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