South Coast / Big Sur

This Week in Carmel and Pebble Beach May 10 – 17, 2013

By Pat Ward | Published: May 17, 2013

  Only three properties went into escrow this past week in our target markets of Carmel and Pebble Beach.  Is it the calm before the storm?  My guess is that it is; all indications are that we are going to have a very busy summer.  But this past week was slow for new sales with only 2 properties in Carmel going into escrow – a Hatton Road remodel with separate guest house asking $1.58M and a very cute cottage on … Continue reading This Week in Carmel and Pebble Beach May 10 – 17, 2013

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This Week in Carmel and Pebble Beach May 3 – 10, 2013

By Pat Ward | Published: May 10, 2013

The Carmel and Pebble Beach real estate markets took a bit of a breather this past week with less than half the activity of the previous week – 4 properties went into escrow in Carmel and only 1 went pending in PB.  Of those 4 in Carmel, only one was in the desirable Golden Rectangle or Carmel Point areas, a fixer on Lincoln that was asking $1.29M.  Those two areas currently have an average “days on market” of 260 days … Continue reading This Week in Carmel and Pebble Beach May 3 – 10, 2013

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This Week in Carmel and Pebble Beach April 26 – May 3, 2013

By Pat Ward | Published: May 4, 2013

  It’s good news that 13 new listings came on the market this past week in Carmel because the same number went into escrow!  Additionally, 12 properties closed escrow so it appears that the continued surge in sales activity is finally drawing more sellers into the market.  At the top of the closed sales was a Scenic Road beach house that sold quickly for $6.3M, only about 3% off asking; this was the first sale over $5M this year for … Continue reading This Week in Carmel and Pebble Beach April 26 – May 3, 2013

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Carmel and Pebble Beach Real Estate Update April 19-26, 2013

By Pat Ward | Published: April 26, 2013

  Eleven properties went into escrow this past week in Carmel across all price ranges and neighborhoods. We are now seeing properties move that have lingered on the market, sometimes for years.  This trend, along with sales that happen as soon as properties hit the market, are both signs of a strengthening market.   This week, a property that had been on the market almost 2 years, a Scenic Road fixer with the requisite ocean views asking $3.9M, went into escrow … Continue reading Carmel and Pebble Beach Real Estate Update April 19-26, 2013

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This week in Carmel and Pebble Beach April 12 – 19, 2013

By Pat Ward | Published: April 19, 2013

There was a burst of sales this past week in Carmel with 10 properties going into escrow.  At the high end, a Carmel Point contemporary asking $3.69M found a buyer along with a couple of Hatton area traditionals  listed at $3.2M and $2.39M.  A couple of Golden Rectangle cottages went into escrow at $1.9M (two small cottages on a big lot) and $1.69M, the latter one a fixer with some ocean views that attracted attention from spec builders who are … Continue reading This week in Carmel and Pebble Beach April 12 – 19, 2013

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Carmel and Pebble Beach Real Estate Update April 5-12, 2013

By Pat Ward | Published: April 13, 2013

Is this the new normal?  Although the below $2M market has seen a significant uptick in the number of properties that sell as soon as they hit the market (resulting is a 0-3 “days on market” stat), this week saw a $5.1M listing close (at $4.85M) after 0 days on market.  Although closed sales indicate the strength of the market 1-2 months ago when the listings went pending,  it is still a useful trend to watch.  Six other properties also … Continue reading Carmel and Pebble Beach Real Estate Update April 5-12, 2013

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This Week in Carmel and Pebble Beach March 22 – 29, 2013

By Pat Ward | Published: March 31, 2013

Carmel had another ten properties go into “pending” status this past week while Pebble Beach slowed to one.  Carmel saw a charming Comstock cottage on a double lot in the Point area asking $3.29M go into escrow, along with a remodeled ocean view Santa Rita property with separate guest house offered at $3M.  Other new sales included an ocean view Cuesta Way contemporary fixer asking $2.49M and a remodeled cottage on Monte Verde in the Golden Rectangle asking $2.2M that … Continue reading This Week in Carmel and Pebble Beach March 22 – 29, 2013

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This week in Carmel and Pebble Beach March 15 – 22, 2013

By Pat Ward | Published: March 23, 2013

Carmel had 8 properties close escrow this past week along with four new sales, although none of these transactions were for properties located in the prime Golden Rectangle or Carmel Point areas.  The closings included a $1.8M ocean view home in the Carmel Views area at the mouth of the Valley,  a very custom cottage in the northeast area of Carmel that closed at $1.2M, a few other cottages ranging from $1.1M – $845K (this last one a fixer that … Continue reading This week in Carmel and Pebble Beach March 15 – 22, 2013

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This week in Carmel and Pebble Beach March 8 – 15, 2013

By Pat Ward | Published: March 15, 2013

The big news this week was the sale of Villa Del Mar, an oceanfront estate in Pebble Beach, for $22.5M.  Carmel Realty, again, represented both the buyer and seller of this landmark sale which is the highest price paid for a residence on the Monterey Peninsula since 2005.  Quite a feather in the cap of CRC! This sale certainly confirms that our local real estate market is back, and in a big way.  Pebble Beach also had 4 properties go … Continue reading This week in Carmel and Pebble Beach March 8 – 15, 2013

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2012 Year End Review & Look Toward 2013

By Dana Bambace | Published: February 8, 2013

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

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