Earlier in the year, there was no overlap between condos and single family homes. This change seems to indicate an inflation in Carmel Valley home prices creating a vacuum to be filled by attached homes.
Most Carmel Valley condos are in seller's market territory.
We are now looking at a fairly stable market for Carmel Valley homes up to about $1,250,000, but clearly a buyer's market for the higher end where financing is more problematic.
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