New Weakening in Home Prices for Sorrento Valley Real Estate Market

More sellers put their homes up for sale in the Sorrento Valley market over the last 30 days and the number of new listings shot up this week to eight. Home sales remained unchanged from the prior period and once again six homes were sold. Prices fell lower as this week's reported median sales price of $505,500 continued a four-week downward trend. With only one month of inventory to sell, Sorrento Valley is still a strong seller's market, even after taking into consideration the falling prices.

Trying to find a home at a bargain price? Take a look at these affordable homes in Sorrento Valley:

$429K   $535K   $559K  

Get started right now by checking out Sorrento Valley homes for sale or reviewing Sorrento Valley real estate trends.

Demographic facts about Sorrento Valley:

  • This area has an affordability rating of 44. (Scale: 1 = Worst, 100 = Best)
  • This area usually gets 13.0 inches of rain each year. (U.S. average: 36.5)
  • The area's income per capita is $46,237.
  • This area has a school rating of 80. (Scale: 1 = Worst, 100 = Best)

Data reported through 10/13/2016

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Ask a local expert about this area:
Pacific Sotheby's International Realty
11 reviews
Keller Williams Carmel Valley
Snapped 15 homes in this area
Berkshire Hathaway Home Services
Snapped 2 homes in this area

Agents that specialize in this area
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