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 […]
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 […]
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 […]
Also posted in Carmel, Dining, Events, Monterey, Other Communities, Pacific Grove, Pebble Beach, Real Estate Markets, South Coast / Big Sur, The Highlands, Wine
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 […]
Also posted in Beach, Carmel, Company News, Dining, Events, Monterey, Other Communities, Pebble Beach, Real Estate Markets, South Coast / Big Sur, The Highlands, Wine
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 […]
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 […]
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 […]
Love this photo my friend, Howard Jones, took of his gorgeous Aussie Cattle dog, Babe, when they were hiking in Garland Park…..so gorgeous!
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