Carmel had another Scenic road property go into escrow this week, this one a tear-down on a double lot in the Point area asking $$4.25M. Been on the market for ages, possibly due to the persistent aroma from the kelp at the beach? Other new sales: another Carmel Point tear-down with two small cottages just a few houses off Scenic that was asking $1.4M and had contractors swarming all over it. And an old Comstock on Guadalupe with lots of … Continue reading This Week in Carmel and Pebble Beach May 31 – June 7, 2013
Also posted in Beach, Carmel, Dining, Events, Monterey, Other Communities, Pebble Beach, Real Estate Markets, South Coast / Big Sur, The Highlands, Wine
A summary of Carmel Realty Company property listings and sales activity in the Carmel, Carmel Valley and Pebble Beach Real Estate markets.
Spring Real Estate Market Update Last year our market was beginning to make a turn around, yet much of the year felt like a roller coaster ride. Although we aren’t yet experiencing the ultra competitive scenarios as they are in the San Francisco Bay Area, inventory levels are shrinking and buyer demand is on the rise. Stephen Vagnini, the Monterey County Assessor, expects to see a modest rise of 2% in property values throughout the county this year. Monterey County … Continue reading What a difference a year makes!
APRIL MARKET UPDATE Spring is certainly upon us! Clear blue skies, warm temperatures and blooming wildflowers throughout the area. As you know, inventory has been very tight in all of our areas, but I predict with our main selling season upon us, new homes will come to market. You will see home prices slightly higher, as sellers are aware of the market trends and lack of inventory. If you are in the market to buy, and have been looking, I … Continue reading Monthly Market Update – April 2013
Love this photo my friend, Howard Jones, took of his gorgeous Aussie Cattle dog, Babe, when they were hiking in Garland Park…..so gorgeous!
Also posted in Events, Kids
Summary of home sales in Pebble Beach, Carmel and Carmel Valley California for Carmel Realty Company.
Please find below Closed Escrows, New Listings and other updates from Carmel Realty Company. To view all of our homes for sale in Pebble Beach, Carmel and Carmel Valley, California, visit our Real Estate Listings page on our website, www.carmelrealtycompany.com. Also find us on Facebook and on Twitter @Carmel_Realty. Special congratulations to the Mitchell Team and Mike Canning & Lynn Knoop on 1495 Padre Lane. Stunning home on Pebble Beach with amazing views (see photo to the left). CLOSED ESCROWS … Continue reading The Brokers’ Newsletter – Week of March 18, 2013
My Monthly Local Market Newsletter Highlights the trends for the local area with review of February sales and trends. FEBRUARY NUMBERS- Stats For Monterey County: (pls note this is a County snap shot, stats will vary per individual area) *Inventory DOWN 57% year over year. * Median price UP 18% year-over-year, down marginally from January. * Notice of Defaults Down – Monterey County reported the number of Notice of Defaults, which is the first step in the foreclosure process, was down … Continue reading March Market Edition – A Look at February Numbers….
What a difference a month makes! January was our typically slow winter month, as I reported in my recent blog post, “Where is 2013 Headed?”. February has painted quite a different picture. Suddenly, there appear to be more buyers competing over limited inventory and a feeling as if this is really the last chance to “get in” before our market heats up. The San Francisco Bay Area is practically overheating with in some cases 30 offers, over asking, etc. We typically lag … Continue reading An Inventory Shortage Is Here
2012 was a great year for real estate. Both locally and nationwide, real estate gained stability in 2012 and it’s clear that the residential real estate ship has turned. Homes sales rebounded to the strongest level in five years in, home building bounced back to levels not seen since early recession and mortgage rates were at historic lows. As a result, home prices have stabilized and even gone up in some areas. According to National Association of Realtors, available inventory … Continue reading 2012 Year End Review & Look Toward 2013