In the friendly area of Carmel Valley you’ll be in good company with around 61,420 residents with around 65% of those homeowners. Situated near Del Mar and La Jolla, Carmel Valley is a relatively new series of neighborhoods, formed by the city of San Diego in 1975 and only truly being developed starting in 1983. Long before the city officially consecrated the area for development, this place was known as “Carmel Valley” by the locals, named after a Roman Catholic group of nuns called the Carmelite Sisters of Mercy who had established a monastery and a dairy farm in the valley. The city of San Diego had initially taken to calling it “North City West”, but this was eventually overturned in the 90s, and it’s final name — Carmel Valley — stuck. Now, Carmel Valley is an upscale suburb with access to the beach and premium shopping and entertainment in both La Jolla and Del Mar, as well as quick access to the San Diego downtown area.