Real Estate Markets

Coastal Commission Rules on Pebble Beach Application

Coastal Commission Rules on Pebble Beach Application

By mhodges | Published: May 9, 2012

As expected, the Coastal Commission has approved Pebble Beach Company’s revised development plan, most recently rejected in 2007. The plan is a departure from the original intent years ago to build another golf course. The approved plan includes the construction of 90 new homes. News Coverage of the approval.  The Staff Report that was the basis for the vote runs 195 pages.  

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Carmel High School ranked #288 in the nation and #56 in the Stage of California

Carmel High School ranked #288 in the nation and #56 in the Stage of California

By mhodges | Published: May 8, 2012

US News released their ranking of public school across the nation today. Carmel High School ranked fairly high in the standings based on test scores, availability of Advance Placement classes, student teacher ratios and other metrics. The high quality of the Carmel School district schools (three elementary, one middle school and the high school) has a material impact on home values within the district as families rent or buy to send their children to the schools. I am a father … Continue reading Carmel High School ranked #288 in the nation and #56 in the Stage of California

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April 1-6th in Carmel and Pebble Beach

By Pat Ward | Published: April 7, 2012

Carmel sizzled last week….at least in the real estate market, if not in the temperature.  Eight properties went into escrow including 3 properties that had been lingering on the market over a year and a bungalow in the Carmel Point area that went into escrow quickly with a list price of $989K; others were in the $1.5M – $749K range.  Five properties closed escrow including an ocean view 1930′s restored Carmel Point classic residence with guest house that sold at … Continue reading April 1-6th in Carmel and Pebble Beach

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Carmel Valley Real Estate Market Update

By mhodges | Published: April 6, 2012

Carmel Valley Real estate update including a discussion of sales price, inventory and residential home sales.

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Monterey Update April 2012

Monterey Update April 2012

By mhodges | Published: April 1, 2012

Real Estate market update for the Monterey California residential market. Including a discussion of home price trends and day on market and inventory comparisons.

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March 23 – 30 in Carmel and Pebble Beach

By Pat Ward | Published: March 30, 2012

The real estate activity pendulum swung the other way this week with Carmel blazing back to life.  Eight properties closed escrow in Carmel while 5 went into escrow.  The closings included a $4.1M sale on San Antonio at the edge of the Golden Rectangle while the rest were in the $1.2M-$500K range with one $825K short sale and a few cottages that went into escrow quickly.  The new sales were all in that very active $1M-$700K price range.  The 5 new … Continue reading March 23 – 30 in Carmel and Pebble Beach

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Canada Tops List of International Buyers of US Real Estate

By Dana Bambace | Published: March 28, 2012

CALIFORNIA, Florida & Arizona Top States for International Buyers Of the $107 trillion dollars in homes sales for the year ending in March 2011, $41 billion dollars of that was purchased by international buyers. Data compiled by the National Association of Realtors shows the transactions came from over 70 countries, with the top five purchasers being Canada, China, Mexico, United Kingdom and India. With 23% of this $41 billion, Canada is tops the list of international Buyers.  Canadians have increased … Continue reading Canada Tops List of International Buyers of US Real Estate

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March 16-23 in Carmel and Pebble Beach

By Pat Ward | Published: March 23, 2012

Pebble Beach is dominating the luxury market lately and that is quite a change from last year when Carmel drove the high end while Pebble Beach stalled.  Four properties closed escrow in Pebble this past week, including an off-market property close to the Lodge that sold for $3.35M after having sold (also off-market) 9 months ago at $3M.  Two other closings came in at $2M each and one lonely <$1M listing closed. CRC brought on a spectacular 17 Mile Drive  … Continue reading March 16-23 in Carmel and Pebble Beach

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March 9 – 16th in Carmel and Pebble Beach

By Pat Ward | Published: March 16, 2012

Momentum of new sales in Carmel was sustained this past week with a $3.9M property north of Ocean Ave. going into escrow and 5 other homes in the <$1.5M range also selling; this very active segment of the market is still the most competitive one.  Four of these 6 new sales had ocean views, as always, a key driver in Carmel and Pebble Beach.  Two properties closed escrow at $525K and $480K as buyers snap these bargains up as soon … Continue reading March 9 – 16th in Carmel and Pebble Beach

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March 2 – 9 in Carmel and Pebble Beach

By Pat Ward | Published: March 9, 2012

Two $6.9M properties went into escrow this week: a Scenic Road property in Carmel on a double lot and an 2+ acre oceanfront property on Spindrift in the Carmel Highlands with two homes and access to a private beach. Another $3.4M ocean view property in the Highlands went into escrow this week: it is great to see this area having some activity after a somewhat lengthy slowdown. Another $2.4M property in Carmel went into escrow after over 2 years on … Continue reading March 2 – 9 in Carmel and Pebble Beach

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