Homes for Sale in Carmel, CA – What’s selling in Carmel; July 5, 2011

Homes for sale in Carmel, CA

City	Carmel
Dates Analyzed	June 28 through July 5th
Property Type	Single-Family Residential
# of Homes For Sale	171
Avg List Price	$                              2,159,751
Median List Price	$                              1,399,000
# of Homes Sold	4
Avg Asking Price	$                              2,550,750
Avg Sales Price	$                              2,400,000
Achievement Rate	94%
Median Sales Price	$                              1,687,500
Avg Days on Market	94
Notes	Homes are selling in approximately 3 months in Carmel.  This relatively fast under these market conditions.  The average sales price is over 2 million dollars.  But with approximately 16 properties selling per month and 171 active listings, there are about 10 months of inventory.  6 months of inventory is a balanced real estate market.  We are in a buyer’s market.