Carmel Valley Ranch Residential Sales Steady in 2016
CARMEL VALLEY RANCH SALES IN 2016 HELD STEADY for a total of 21, as compared to 22 in 2015. These steady numbers of residential sales are a continuation of a strong and consistent market. There were 4 sales in 2016 for over $1.5m. The median selling price in 2016 was $1,050,000 as compared to $1,195,000 in 2015. The average selling price in 2016 was $1,265,257 compared to $1,186,204 in 2015.
Median and average residential sales prices are only a guide to the general market and primarily reflect what segment of the marketplace is currently selling. Individual home values have been consistently strong over the past five years and reflect a continuing recovery from the depths of the great recession in 2008-2009.
One factor affecting the strength of the Carmel Valley Ranch marketplace is the strong actvity in San Francisco and the Bay Area. Although their markets are slowing somewhat and returning to a more normal market, over 60-65% of our buyers come from Los Gatos-Saratoga, north to San Francisco and Marin and they have a direct impact on the strength of our marketplace.
In 2017 we expect Carmel Valley Ranch sales to once again be a strong factor in the Carmel Valley marketplace. Inventories are balanced and the demand will again be steady.
Carmel Valley Ranch Quick Facts | Carmel Valley Ranch Real Estate Market Update
- Development Began 1975
- Acreage 500
- Golf Course Opened 1982
- Resort Hotel Opened 1985
- Average January Rainfall 3.8
- January Rainfall 2017 8.08
Where Am I?
GRANDKIDS FAVORITE Life is like riding a swing, you hold on to it tight and start moving, you go high and low, when you’re up you know you will get low and when you’re at your low you push harder to get up. – Shada Aldahash
Back in the Day | Carmel Valley Ranch Real Estate Market Update
FOR THOUSANDS OF YEARS the area known today as Carmel Valley Ranch was the home of Rumsen, Ohlone, and Esselen Indians. In the late 1800’s the land served agriculture, orchards and cattle. The Carmel River provided the water to the land. As we know today, Carmel Valley Ranch is a world class destination resort with residences and a verdant golf course.
To build a golf course you need to move the earth and sculpt the terrain to meet the needs of design. It takes machines of great power and scale to do the work. It is ironic that the land was once owned by the historic Holt family, founders of Caterpillar Tractor.
Tip o’ the Month!
PG&E offers free gas appliance checks to keep customers safe and warm. Take advantage of this opportunity and call PG&E at 831.648.3231
Nature Walk | Carmel Valley Ranch Real Estate Market Update
FARM TO TABLE. The organic garden at Carmel Valley Ranch is a miniature nature walk on its own. Fresh greens abound and raised beds offer a variety of the best vegetables to be found anywhere. Fresh eggs are nearby at the hen house along with a Happy Rooster.