Homes in Carmel are still outselling real estate in Pebble Beach. Overall the Carmel real estate market seems to be stable. In total there were eight new listings and five sales this week. The first five new listings of homes in Carmel are, on North Carmel Hills Dr. for $399.9K, on Casanova & 8th for $1.395M, on Carmelo & 13th for $7.995M, on Santa Fe & 5th for $565K, on Casanova & 13th for $995K. The final three new listings are, on Via Mar Monte for $999K, on Casanova for $ $2.389M, and on Franciscan Way for $3.195M. All this activity suggests February could be a strong month for sales.
There were seven new listings for Pebble Beach,on Bird Rock Rd. for $2.25M, on Corte Ln. for $5.9M, on Mestres Dr. for $949K, on San Carlos for $1.15M, on Don Ln. for $1.895M and on Lookout Rd. for $795K.
In Carmel one home increased in price, on Rio Vista Dr. from $747K to $763.9K. Interesting to see what this property actually sells for.
Six homes decreased in price, continuing to fuel buyers believe that there is still bargains to be had. In Carmel four homes had a price decrease, on Torres & 8th from $3.795M to $2.95M, on Lobes St. from $1.545M to $1.499M, on Ribera Rd. from $899.9K to $839.9K and lastly on Dolores & 10th from $2.2M to $1.995M. The remaining two homes were in Pebble Beach, on Lopez Rd. from $1.049M to $899K, and on Presidio Rd. from $1.565M to $1.395M.
To directly quote Louis Cammarosano, general manager of HomeGain, “home buyers and sellers continue to remain apart as to home valuations with the vast majority of home owners thinking their homes are worth more than their agents and the market are telling them.” Based on this it looks like there is still leeway for Home Buyers to negotiate on price, and buyers who offer cash are in a really strong bargaining position. Buyers with loans need to be pre qualified and ready to buy or risk a lower cash offer winning the sale.
This week there were five homes in Carmel that sold and three in Pebble Beach. In Carmel a home on Torres for $518K after 561 DOM (Days on Market), on Scenic & 8th for $8.1M after 588 DOM, on 9th & Torres for $1.02M after 187 DOM, on Camino Real & 9th for $1.16M after 83 DOM, and on Fisher Dr. for $525K after 17 DOM. Reflecting that Carmel real estate sometimes takes time to sell irrespective of the price point. In Pebble Beach, on Matador Rd. for $1.075M after 111 DOM, on Patio Dr. for $1.2M after 94 DOM, and on Sloat Rd. for $1,588,260 after 70 DOM.