Carmel Valley

My Annual Market Report

My Note for My Annual Market Report   2013 was our strongest yet in real estate since 2007!  It can be categorized by a significant turnaround in the housing market here in California, as well as across the nation.  The lack of homes available for sale constrained sales in most markets, both on The Peninsula and across most of California.  As we now know, this constraint contributed to a substantial increase in home prices.   The home prices increased and slowing […]

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Monterey Peninsula Dates to Remember: 2014

February 3-9                 AT&T Pebble Beach National Pro-Am 7                     Carmel Realty AT&T Party (Location TBD) March 7-9                   Dixieland Monterey April 5-6                   Pacific Grove Good Ol’ Days 10-13               7th Annual Pebble Beach Food & Wine 10-13               Sea Otter Classic 27                     Big Sur International […]

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Carmel and Pebble Beach Real Estate Update Sept. 20-27, 2013

    This past week was a bit of a snoozer with only 2 new listings  and 4 new sales in our target areas…down, down goes the inventory.  The only new sale in Carmel was a cottage on Torres (I am representing the buyer) asking $995K and the only new listing is a remodeled home across the highway asking $1.5M.  Six properties closed escrow in Carmel this week in Carmel including my oceanfront listing on Calle La Cruz that closed […]

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SEPTEMBER MARKET UPDATE – Key Markets

     

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Carmel and Pebble Beach Update Aug. 9 – 23, 2013

Another Classic Car Week is in the books and, as always, we expect a residual benefit a week or month later as buyers regroup from the melee and get serious about property acquisitions. There is a sense that there is a bit of a breather at the moment, however, 10 properties have gone into escrow in Carmel and four in PB, not a significant downturn at all. although most were in the lower price ranges.  Six of the new sales in Carmel were […]

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This Week in Carmel and Pebble Beach July 27 – Aug. 2, 2013

Another big, big week for the luxury real estate market in Pebble Beach, with a $28M property a stone’s throw to the Lodge on Stillwater Cove selling off-market (CRC represented both buyer and seller) and that $14.5M Mediterranean on the 16th fairway of the PB Golf Links finding a buyer in the first week.  Wow!  The high-end market in Pebble Beach is certainly picking up steam and it should be really interesting to see how the rest of the year unfolds as […]

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This Week in Carmel and Pebble Beach July 19 – 26, 2013

Inventory in both Carmel and Pebble Beach continues to drop with 8 properties leaving the market this week (new and closed sales) in Carmel and 7 in Pebble Beach. One of the new sales in Carmel was for a new CRC listing that came on the market in the heart of the Golden Rectangle and found a buyer straight away.  The majority of the sales in the GR for the past couple of months have been for fixers so this newer cottage […]

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This Week in Carmel and Pebble Beach May 31 – June 7, 2013

  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 […]

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The Brokers’ Newsletter – Week of May 6, 2013

A summary of Carmel Realty Company property listings and sales activity in the Carmel, Carmel Valley and Pebble Beach Real Estate markets.

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What a difference a year makes!

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 […]

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