2020 Bambace Peterson 2020 Market Report

Carmel East Overview

59% increase of total home sales from 2019 43 homes sold in 2020 versus 27 in 2019 and 23 in 2018

Carmel East is a competitive home market with limited inventory and high demand. It encompasses Carmel Hill, Jacks Peak, High Meadows, Rio Vista and Mission Fields. These homes are predominantly for primary residents that are looking to be in the strong Carmel School district and conveniently close to town. The average price of $1,562,593 was up from $1,287,294 in 2019. Total home sales numbers increased 59% to 43 home sales from 27 during the year earlier. The median price of the area is $1,375,000 that had a 14% increase to $1,210,000 from 2019. Excluding Rio Vista and Jacks Peak, the median price was $1,067,500, up 19% from $898,000 the year prior. Days on the market is 75, up a touch from 2019.

24851 Outlook Place, Carmel | $1,944,000 Represented Seller

The Bambace Peterson Team 831.200.3178

bambacepeterson@compass.com @bambacepeterson DRE 01731448

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