Carmel Valley Still a Prime Spot for Luxury Real Estate, Great for Families
Carmel Valley is a well-known suburban area in northwestern San Diego that sits just east of Torrey Pines, north of Torrey Hills, and west of Del Mar Mesa. Carmel Valley is a planned community that was established in 1975, making it one of the newer neighborhoods in San Diego. It got its name from the nearby Mount Carmel, a hill named by the Catholic Sisters of Mercy who moved to the area in 1905. Although the neighborhood was given an institutional name (North City West) in 1974, residents voted to replace the official name with Carmel Valley in 1991. The population has grown immensely since its development, and now over 56,000 residents call Carmel Valley home. This area is a fantastic opportunity for property investment, as Carmel Valley not only has beautiful luxury homes, but has been hand-crafted to be a picture perfect California neighborhood.
Carmel Valley is made up of successful and educated residents. Less than 10% of adult residents only have a high school diploma, and about 45% have a baccalaureate degree, associate degree, or some college education. The median household income is just over $200,000, and unsurprisingly, a whopping 96% of Carmel Valley residents have white-collar jobs. Some of the top employers in the area include Blue Shield of California, US Bank, Scripps Health, ICW Group Insurance, Neurocrine Biosciences, and Chevron.
Carmel Valley is ranked as one of the best places to raise a family in San Diego. In fact, 77% of homes in Carmel Valley are family-owned. Residents feel that the area supports a close-knit community and neighbors are always friendly. They feel safe walking in the neighborhood at night, and there is plenty of police presence in the area.
There are also ample childcare options nearby as well as a variety of recreational activities for families and kids. There are a number of parks with open fields and playgrounds within the neighborhood itself; the Carmel Valley Recreational Centers System offers an impressive community of family-friendly parks that are well worth enjoying. Some popular local parks include Carmel Creek Park, Ashley Falls Park, Carmel Del Mar Park, Ocean Airpark, and Solana Highlands Park.
Additionally, there are a plethora of highly ranked schools in the community, including numerous A+ schools, such as Canyon Crest Academy, Torrey Pines High School, Carmel Valley Middle School, San Dieguito High Academy, and Pacific Trails Middle School. Carmel Valley parents rest assured knowing their children are getting the best possible education.
In addition to local greenery, the Carmel Valley area is surrounded by gorgeous Southern California coastline. Just to the west is the Torrey Pines State Natural Reserve, a 1500-acre stretch of land that was set aside during San Diego’s development. This protected area offers beautiful vistas and abundant wildlife to watch along the walking trails. Nearby is also Los Penasquitos Canyon Preserve with over 12 miles of hiking trails. Visitors can also check out the museum, community garden, and historic adobe ranch house.
Housing in Carmel Valley
It’s no surprise that the housing market in Carmel Valley is hot. The median sale price for Carmel Valley homes is currently about $1,420,000. Houses only stay on the market for about 10 days, and popular homes can go in as little as a week after being listed. Typically, seven figure homes take weeks to sell, but this isn’t the case in Carmel Valley. In such a highly sought-after neighborhood, you’ve got to act fast. Initial down payments tend to be high in this area, but most houses are less than 30 years old, so you may be able to save on typical repairs and maintenance that is needed in older homes.
Get Carmel Valley Property Management
For Carmel Valley California Property Management Contact Utopia Management today by calling us at (800) 294-4656 or click here to connect with us online.