Carmel January is historically our slowest month for Carmel & Pebble Beach real estate. Last week Carmel gave us 3 closed sales, albeit all but one were in our lower price points. We did see a remodeled 3 bed, 3 bath cottage with a well manicured English garden close escrow on Guadalupe Street, just outside of city limits in the Carmel Woods area near Carpenter and Highway 1 for $1.26M. Carmel started...
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Even with Carmel's velocity reduced due to many people bringing in the New Year with Friends and family, we still had 2 whopper closings last week; one on Shafter Way in the Hatton Fields estate area for $4.475M, and another on Isabella Ave on Carmel Point for $4.625M. Both homes were over sized for their respective areas, and each was meticulous in detail and repair. There were also 2 new pending sales;...
2013 marked an incredible turnaround in our Carmel and Pebble Beach real estate markets, and over the greater Monterey Peninsula and Central Coast as a whole. Price increases averaging around 15% to 30% were not uncommon, with parts of Silicon Valley and the Bay Area actually at values higher than 2006. For the most part, I didn't see the luxury market in Carmel and Pebble Beach hit quite those same...
Carmel finally proved to us that it was, indeed, the holidays last week with zero, nada, closed transactions. It did however bless us with 3 new sales over the holiday week. I had a feeling this would be the case, indicated by the heavy buyer activity we were getting on either side of the big day- not a normal, annual thing. None of the 3 sales were in the high high end, but there was a sale of note on the...
I'm not sure how to explain it, but again for last week the market in Carmel continued to move. It seems buyers are clamoring to get a hold of something over the holidays (a stellar sign for next season). We had buyers looking nearly every day last week. . It's also great to see some of that seasonal tourism-driven traffic converting into new sales. Of the 7 (yes, that's correct, seven) closed sales in...
Carmel was rocking and rolling for this time of year last week with 5 closed transactions. Obviously, these were all prior sales, waiting to close, but it's still nice to see. A gracious 4 bed, 5 bath home on Carmel Point - 26285 Valley View - closed at $3.8M. Another new construction home of 2,100 sq ft, with beautiful vaulted ceilings and lots of light, closed near the top of Carpenter Street for...
A lot of holiday energy in downtown Carmel last week. We had the annual Christmas tree lighting ceremony on Ocean Avenue, which is always a blast, and a great way to kick off the home stretch to the new year. While we're still seeing the typical seasonal real estate slowdown, Carmel remains a prime holiday destination with hotel occupancy up and tourism remaining steady. We even have several out-of-town...
Dearest Friends, As we recoil from all the eating and drinking of last week, I cannot help but be thankful for all the special people in my life. We were fortunate to be visited by some family from back East, and take a much needed (half) week of relaxation from what was a busy and prosperous year. November brought with it the typical seasonal slowdown in Carmel and Pebble Beach, made more evident by...
For March we saw the market gain a little more momentum on the Monterey Peninsula. Carmel and Pebble Beach maintained activity growth as we moved into Springtime. Nationally, we even saw the number of "underwater" homes (that is, homes whose market value are less than what is owed on the home) decline. We're seeing a lot of strong indicators for a continued housing recovery on both the national level, and...
We can feel Spring season coming upon us with reawakened interest in the high end markets! I'm hoping for more inventory to match demand. I myself have a 3 bed, 2 bath view home on Tierra Grande in the Valley coming to market next week. Expansive views in need of just a little updating. I expect it to sell rather quickly. The downtown Carmel area picked up the pace last week with 4 out of 8 Carmel...