Just did a quick review on sales in Carmel, CA since August 1, 2010. Total of 27 sales with the highest sale at $4.8million and the lowest sale of $525,000. Only 7 of these sales were for properties over $1,000,000. Five of the sales were “Short Sales” and 1 foreclosure. The median sale price is $785,000.
Carmel Sales
There are 36 properties under contract right now — 11 are “Short Sales” and 2 are foreclosures. That mean’s 30% of the properties in contract are distressed sales. For the same time frame last year, there were 36 sales with just 3 foreclosures and no “Short Sales.” The highest sale price was $3,725,000 with the lowest at $610,000. 21 of these properties sold for over $1million. And the median sale price – $1,272,500!
For a full report of Carmel, CA sales 8/1/10 to 10/4/10, download this pdf.
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