One of San Diego's premier master-planned communities — top-rated schools, newer homes, and a deep market on both the house and condo side.
On a smoothed basis, Carmel Valley's median has climbed roughly 33% over the past five years, and demand across the area remains steady.
Houses are running near $2.48M (about 2.1 months of supply, selling near 98.0% of original price in roughly 17 days), while condos and townhomes sit near $1.2M (3.1 months, ~98.0% of original, about 21 days).
Carmel Valley draws families for its schools and newer stock. Houses are competitive and pricey; the townhome and condo market is the more attainable entry and moves steadily — come pre-approved either way.
Demand is deep on both sides. Houses are selling near asking in about two-and-a-half weeks, condos close behind. Price to the trend — this is a liquid, well-shopped market.
Supply is running around 2.1 months for houses. As long as listings stay scarce, prices hold firm; a meaningful rise in inventory would be the first sign of easing.
Rates sit higher than they were a couple of years ago — the main headwind on demand. A meaningful drop would likely bring buyers off the sidelines quickly.
Watch house supply around two months: as long as it stays tight, sellers keep the edge. The condo side runs a touch looser but remains firmly a seller's market.
This is a focused market, so a single month's median can spike or dip. Weigh the multi-year trajectory — the bold trend line above — over any one data point.