Greetings to our esteemed readers,
As we navigate through the ebbs and flows of 2023, Carmel's real estate market remains a focal point for aficionados of luxury living. To provide you with a snapshot of the current landscape, we've compiled key Year-to-Date statistics that showcase the state of affairs:
- **Homes Sold**: A total of 107 properties have found their new owners, indicating a vibrant buying sentiment.
- **Average $/SqFt**: The property values in Carmel stand testament to its allure, with an average price of $1,559 per square foot.
- **Average Sale Price**: Homes in our exquisite enclave have been changing hands at an average price of $3.36 million, underscoring the region's premium stature.
- **Days on the Market**: Properties are spending an average of 48 days listed, a testament to the balance between supply and the discerning demand.
Despite the broader mortgage rate fluctuations, touching their highest since 2001, the Carmel market exudes resilience and allure. The properties under the $4 million bracket are experiencing brisk movement, while the more opulent residences continue to draw a niche clientele, exuding timeless appeal.
For those seeking the intersection of luxury and value, Carmel presents a rich tapestry of options - from state-of-the-art modern homes to enduring classics that ooze charm.
Stay tuned for further updates as we keep our finger on the pulse of Carmel's property scene. Here's to sophisticated living and smart investing.
