Carmel Valley, San Diego, Real Estate Market Trends

COMMUNITY INFORMATION

Carmel Valley is master-planned community located in California’s San Diego County. This community should not be confused with the Carmel Valley region in Northern California.

The 92130 zip code houses Carmel Valley. Within this Californian community, there are approximately 34,471 residents and 12,387 households. The average age of the population is 35.16.

TEMPERATURE

The temperature in Carmel Valley is relatively moderate. The warmest time of year occurs in August during which temperatures reach an average high of 72°F. The coldest time of year occurs in December with average temperatures falling to 56° F. The Carmel Valley temperature is moderately cool. In August, the temperature reaches an average high of 72°F. In December, the temperatures reach their coldest at 56°

HOME AND REAL ESTATE PRICES

There are various housing options available in Carmel Valley. These options range from townhouses to condominiums and single-family homes. If looking for a townhouse, the one bedroom townhouse prices begin in the high $200,000s. Two bedroom townhouses start in the high $300,000s, while three bedroom townhouses start in the low $500,000s. Single-family houses are also available, with three bedroom houses starting in the high $500,000s. Four bedroom house prices begin in the low $700,000s.

REAL ESTATE MARKET TRENDS

Price shifts in real estate are subject to changes in supply and demand. Whether the market favors the buyer or seller, it is useful to analyze home sales data for the most recent month (June 2006), compared against the same period in the previous year (June 2005).

Single family homes reached a median price of $1,080,000 in June 2006, which was a 13.74% increase over June 2005. In contrast, the median price of condominiums and town homes decreased to $580,000 which is a 7.2% decline from the previous year. It is important to keep in mind that the data above is a small period in time. It is suggested that the data be evaluated over a longer duration to understand the market trends.

SCHOOL INFORMATION

In the Carmel Valley community, there are two school districts. The Solana Beach district serves the northern part of Carmel, and covers the elementary schools. The Del Mar Union School District covers the southern region.

All students enrolled in Carmel Valley schools undergo annual testing to evaluate academic performance. The test results are combined by the California Department of Education into a composite score known as the Academic Performance Index (API), which has a score range of 200 to 1000. The statewide goal is for schools to achieve a score of 800 or above.

According to the most recent data, the highest-ranking elementary school in the Carmel Valley area was Sage Canyon Elementary (API=963) which is followed by Torrey Hills School (API=950). Next on the list is Carmel Creek Elementary (API=946) and Carmel Del Mar Elementary (API=917). Carmel Valley Middle School earned an API of 821.

For high schools, the highest ranking was Canyon Crest Academy (API=842), followed by Torrey Pine High (API= 821).