This week the Carmel Current published an article by a competing real estate company that talked about home values and some level of decline in the past year. I'm not picking on Current...I happen to like Current and at the same time these articles are paid. They can say almost whatever they want as long as it's not slanderous, etc. My numbers, and these are taken directly from the MIBOR system (called the BLC or Broker Listing Cooperative), do not reflect a decline in value based on averages or median sales number 2015 compared to 2014. (click to enlarge). This list also shows days on market, list to sale price ratios and number of other pieces of data. I don't know where the other company got their numbers but given that this is what I do it was important to me to make sure I shared the data that is directly from our board. Carmel's home values are a source of strength and driven by the high quality of amenities in our community. It's important for us all to understand that. At the same time there are segments of the market that are challenged like those above $600K to $700K and up. If we broke those numbers down you would certainly see some softening of growth for any number of reasons. Likewise if we pulled the market segment below that $600K number, the growth in average and median sales price would be much stronger than the $5000 +- in dollar value growth the overall market saw. Our environment requires consumers to make well educated, informed decisions to best protect their investment but in most price points, Carmel is still a great place to buy a home and see equity growth for many years to come.
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