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April 14, 2013

Why you should buy a Home in Carmel by the Sea

Filed under: General — Tags: , , — Ian Milne @ 6:14 pm

Located on the breathtaking Pacific Coast, the Monterey Bay Area offers iconic California attractions – the wonders of the Monterey Bay Aquarium, the shops of historic Cannery Row, legendary golf courses including the famous Pebble Beach Golf Links, and some of the most scenic drives in the world.

Monterey County is a haven for all things active – you can hike, kayak or bike, take in the thrills of an auto race, or golf at a course with breathtaking views of Monterey Bay. And if you are looking to relax, you can pamper yourself with a spa weekend or visit a Carmel Valley winery. The diversity of culinary styles in the region coupled with the abundance of local ingredients and a year-round growing season make Monterey a dining destination.

The Monterey Bay Area offers countless local festivals and events that celebrate art and music. Local events include the Monterey Jazz Festival, the longest continuously-running annual jazz event in the world;  and the Steinbeck Festival, which celebrates John Steinbeck, one of Monterey’s most notable residents who chronicled the region in a number of his stories. The walkable streets of Carmel are dotted with galleries and boutiques.

June 18, 2012

Carmel & Pebble Beach Real Estate News for May, 25th 2012

Filed under: Carmel-by-the-Sea Real Estate,Homes in Carmel,Pebble Beach Real Estate,Real Estate Market Data,Uncategorized — Tags: , , , , , , , , , — admin @ 5:58 pm

The new listings for homes in Carmel are, on Lincoln & Santa Lucia for $4.25M, on Hatton Rd. for $2.249M, on Lincoln St. for $775K, on Carmelo & 10th for $1.45M, on Hatton Rd. for $2.495M, on Handley Rd. for $699K, on Aquajito for $1.975M, and on Ladera Dr. for $2.1M. At any time, you can easily find the latest listings by watching the New MLS Listings slide show on this page or by clicking on the address link.

There were five new listings and one sale for Pebble Beach. The new listings are on Larkin Rd. for $895K, a REO on Congress Rd. for $675K, on Ronda Rd. for $2.495M, on Spruance Rd. for $1.1785M, and on Larkin Rd. for $842.8K.

There was one price increase for Carmel Real Estate, on Lincoln St. from $649K to $775K.

Threeteen homes decreased in price, continuing to sustain buyers feelings that there is still room to negotiate on asking price. In Carmel seven homes had a price decrease, on Camino Real & Ocean from $2.9M to $2.375M, on Scenic Rd. from $8.5M to $6.95M, on 2nd & Lincoln form $1.395M to $1.199M, on Mountain View from $1.995M to $1.969M, on San Luis Ave. from $1.095M to $1.029M, on Dolores St. from $1.295M to $1.1M and a REO on Lazarro Dr. from $950K to $920K. In Pebble Beach six homes had a price decrease, on Congress Rd. from $1.499M to $1.149M, on Whales Way from $1.195M to $1.15M, on Portola Rd. from $5.25M to $3.79M, on Vaquero Rd. from $987.5K to $870K, on 17 Mile Dr. from $4.25M to $3.95M, and on Congress Rd. from $1.349.5M to $1.295M.

This week there were four homes in Carmel that sold and one in Pebble Beach, seeming to endorse the views above. The Carmel Real Estate sales were on Torres & 8th for $1.175M after 383 Days on Market (DOM), on San Carlos & 9th for $1.175M after 333 DOM, on Guadalupe St. for $925K after 17 DOM, and on Outlook Dr. for $870K after 39 DOM. The Pebble Beach real estate sale was on Lopez Rd. for $1,127,500 after 297 DOM.

For a larger picture of Carmel Real Estate sales, 90 homes have sold in the last 120 days (1/27/12 to 5/26/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. Average DOM is 157 days and average $/sq. ft. is $619. 40 homes in Carmel were $1M or under and 12 homes were REO properties. Pebble Beach Real Estate sales were 48, from $6.75M for a home on 17 Mile Dr. to $395K for a house on Shepherds Knoll and 8 were REO properties. 22 homes were $1M or under. Average DOM is 170 days and average $/sq. ft. is $489.

Ian’s Google+ Page

Carmel & Pebble Beach Real Estate News for June 9th 2012

Filed under: Carmel-by-the-Sea Real Estate,Homes in Carmel,Pebble Beach Real Estate,Real Estate Market Data — Tags: , , , , , , , , , — admin @ 1:50 pm

In total there were five new listings and two sales this week. The new listings in Carmel are, on Santa Rita for $3.495M, on 8th & Forest Ave. for $1.549M, on Camino Real & 9th for $2.198M, on Fairfield Pl. for $1.095M, and on Upper Trails for $ 1.749M.

There were three new listings and three sales for Pebble Beach. The new listings are on Spraunce Rd. for $3.19M, on Wrangler Trail Rd. for $1.035M, and on 17 Mile Dr. for $5.25M

There were no price increases in either Carmel or Pebble Beach this week.

Eleven homes decreased in price, continuing to sustain buyers thinking that there is still room to negotiate on asking price. In Carmel ten homes had a price decrease, on Santa Rita & 2nd from $825K to $795.5K, on 1st Ave. from $1.195M to $995K, on Lobos St. from $799.9K to $699.5K, on Monte Verde & 3rd from $2.995M to $2.75M, on Carmelo from $5.395M to $4.895M, on South San Luis Ave. from $1.095M to $998K, and another on South San Luis Ave. from $939K to $899K, a REO on Morse Dr. from $823.5K to $749.9K, on Dolores St from $1.295M to $1.035M, and on Ribera Rd. from $795K to $774.9K. In Pebble Beach one home had a price decrease, on Cypress Dr. from $9.95M to $8.8M.

This week there were two homes in Carmel that sold and three in Pebble Beach. The Carmel Real Estate sales were on Santa Rita for $1.2M after 96 Days on Market (DOM), and on Torres St. for $581,155 after 9 DOM. The Pebble Beach real estate sales were on El Bosque Dr. for $557K after 80 DOM, on San Carlos Rd. for $1.068M after 71 DOM, and on Hopi Rd. for $845K after 77 DOM.

For a larger picture of Carmel Real Estate sales, 92 homes have sold in the last 120 days (2/10/12 to 6/09/12). Ranging from $4.1M for a home on Santa Lucia & San Antonio to $350K for a home on Rio Rd.. Average DOM is 158 days and average $/sq. ft. is $600. 51 homes in Carmel were $1M or under and 13 homes were REO properties. Pebble Beach Real Estate sales for the same period were 48, from $6.75M for a home on 17 Mile Dr. to $395K for a house on Shepherds Knoll and 7 were REO properties. 24 homes were $1M or under. Average DOM is 162 days and average $/sq. ft. is $483.

Ian Milne

May 16, 2012

Carmel & Pebble Beach Real Estate News for May, 5th 2012

Filed under: Carmel-by-the-Sea Real Estate,Homes in Carmel,Pebble Beach Real Estate,Real Estate Market Data — Tags: , , , , , , , , , — admin @ 7:37 am

Homes in Carmel are outperforming real estate in Pebble Beach. Overall the Carmel real estate market seems to be strong, and even growing. In total there were five new listings and seven sales this week. Good activity for Carmel and inventory levels are still leveling off. The new listings for homes in Carmel are, on Hatton Rd. for $1,795,800, on Dolores & 11th for $1.149M, on Val Verde for $1.9M, on Isabella Ave. for $3.795M, on Mission & 10th for $1.295M. At any time, you can easily find the latest listings by watching the New MLS Listings slide show on this page or by clicking on the address link.

There were six new listings and one sale for Pebble Beach. The new listings are on Viscaino Rd. for $4.195M, on Don Ln. for $2.95M, on Riata Rd. for $2.8M, on Padre Ln. for $4.6M, on Bird Rock Rd. for $1.198M, on Sawmill Gulch Rd. for $995K.

There were no price increases for homes in Carmel or Pebble Beach.

Nine homes decreased in price, continuing to perpetuate buyers believe that there is still room to negotiate on asking price. In Carmel seven homes had a price decrease, on Casanova & 2nd from $2.198M to $1.56M, on San Antonio Ave. from $6.495M to $5.997M, on Monte Verde & 13th from $3.195M to $2.975M, on Rio Vista Rd. from $995K to $945K, a REO on Handley Dr. from $835K to $750K, on Mission St. from $999K to $898K, and on Dolores St. from $1.295M to $1.165M. In Pebble Beach two homes had a price decrease, on Portola Rd. from $5.25M to $4.45M and on Ronda Rd. from $3.9M to $3.49M.

Homes in Carmel and Pebble Beach appear to be rated a “good buy” these days, especially among smart investors, who see a ripe market and potential for investment gains.The increased buying activity from investors and second-home purchases may be factors behind the recent pickup in real estate sales in Carmel and Pebble Beach.

This week there were seven homes in Carmel that sold and one in Pebble Beach, seeming to endorse the comments above. In Carmel on Monte Verde for $825K after 469 Days on Market (DOM), on Monte Verde & 13th for $1.825M after 371 DOM, on 14th Ave. for $2.35M after 214 DOM, on Flanders Dr. for $778 after 365 DOM, on Mission & 2nd for $1.15M after 86 DOM, on Guadalupe for $860K after 7 DOM and on 14th Ave. for $1M after 4 DOM. The Pebble Beach real estate sale was on Arrowhead Rd. for $720K after 35 DOM.

For a larger picture of Carmel Real Estate sales, 83 homes have sold in the last 120 days (1/06/12 to 5/05/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. Average DOM is 154 days and average $/sq. ft. is $583. 49 homes in Carmel were $1M or under and 12 of these homes were REO properties. In Pebble Beach there were 49 real estate sales, from $6.4M for a home on Portola Rd. to $395K for a house on Shepherds Knoll and 8 were REO properties. Average DOM is 202 days and average $/sq. ft. is $501.

May 6, 2012

Carmel & Pebble Beach Real Estate News for Apr. 28th 2012

Filed under: Carmel-by-the-Sea Real Estate,Homes in Carmel,Pebble Beach Real Estate,Real Estate Market Data — Tags: , , , , , , , , , — admin @ 7:45 am

The real estate market in Carmel and Pebble Beach is very unique and to help you get a better understanding of market performance we publish this weekly summary of real estate transactions for Carmel and Pebble Beach. There is also a 120 day sales and median price data for homes in Carmel and Pebble Beach at the end of this section. Previous weeks information can be found on our Blog.

Homes in Carmel are outperforming real estate in Pebble Beach. Overall the Carmel real estate market still seems to be strong, and growing. In total there were six new listings and six sales this week. Good activity for Carmel and inventory levels are still leveling off. The new listings for homes in Carmel are, on Camino Real for $2.195M, on 4th Ave. for $1.495M, on Casanova St. for $2.395M, on Lincoln & 9th for $1.625M, on Lobos & 2nd for $1.15M, and on Crespi for $2.15M. At any time, you can easily find the latest listings by watching the New MLS Listings slide show on this page or by clicking on the address link.

There were one new listing and three sales for Pebble Beach. The new listing is on Bird Rock Rd. for $850K.

There were no price increases for homes in Carmel or Pebble Beach.

Nine homes decreased in price, continuing to perpetuate buyers believe that there is still room to negotiate on asking price. In Carmel seven homes had a price decrease, on Atherton Dr. from $1.175M to $850K, on Dolores St. from $3.795M to $3.695M, on Walker Ave. from $1.995M to $1.695M, on Dolores & 10th from $2.2M to $1.695M, on Tolando trails from $1.175M to $1.125M, on Guadalupe & 7th from $1.075M to $995K, and a REO on Morse Dr. from $823,500 to $783,902.  In Pebble Beach two homes had a price decrease, on Portola Rd. from $5.25M to $4.95M and on Vaquero Rd. from $987.5K to $880K.

Homes in Carmel and Pebble Beach appear to be rated a “good buy” these days, especially among smart investors, who see a ripe market and potential for investment gains.The increased buying activity from investors and second-home purchases may be factors behind the recent pickup in real estate sales in Carmel and Pebble Beach.

This week there were six homes in Carmel that sold and three in Pebble Beach, seeming to endorse the comments above. In Carmel on Santa Fe & 5th for $1,165,560 after 419 Days on Market (DOM), on Edgefield Pl. for $1.04M after 266 DOM, on Carmelo St. for $2.0M after 177 DOM, on Flanders Dr. for $600K after 112 DOM, on Casanova & 8th for $1.175M after 60 DOM, and on Canyon Dr. for $576K after 34 DOM. The Pebble Beach real estate sales were on Riata Rd. for $5.155M after 414 DOM, on Crest Rd. for $585K after 272 DOM, and on Bird Rock Rd. for 920K after 3 DOM.

For a larger picture of Carmel Real Estate sales, 78 homes have sold in the last 120 days (12/30/11 to 4/28/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. Average DOM is 146 days and average $/sq. ft. is $574. 45 homes in Carmel were $1M or under and 12 of these homes were REO properties. In Pebble Beach there were 49 real estate sales, from $6.4M for a home on Portola Rd. to $395K for a house on Shepherds Knoll and 8 were REO properties. Average DOM is 203 days and average $/sq. ft. is $504.

April 28, 2012

Carmel & Pebble Beach Real Estate News for Apr. 21st 2012

Filed under: Carmel-by-the-Sea Real Estate,Homes in Carmel,Pebble Beach Real Estate,Real Estate Market Data — Tags: , , , , , , , , , — admin @ 9:42 am

The real estate market in Carmel and Pebble Beach is very unique and to help you get a better understanding of market performance we publish this weekly summary of real estate transactions for Carmel and Pebble Beach. There is also a 120 day sales and median price data for homes in Carmel and Pebble Beach at the end of this section. Previous weeks information can be found on our Blog.

Homes in Carmel look like they are now competing with the lower end of the price scale real estate in Pebble Beach. Overall the Carmel real estate market still seems to be buoyant, and growing. In total there were nine new listings and nine sales this week. Strong activity for Carmel and inventory levels are still leveling off. The new listings for homes in Carmel are, on Camino Real & Ocean for $2.35M, on Camino Del Monte for $1.195M, on Ladera Dr. for $2.1M, on Valley Pl. for $975K, on Ribera Rd. for $880K, on Taylor Rd. for $2.245M, on Vizcaino Ave. for $1.275M, on Trevis way for $780K, and on Rio Vista Dr. for $796K.

At any time, you can easily find the latest listings by watching the New MLS Listings slide show on this page.

There were three new listing and one sale for Pebble Beach. The new listings are on Quarry Rd. for $1.75M, on Crest Rd. for $840K, and on Los Altos Dr. for $2.3M.

There were no price increases for homes in Carmel or Pebble Beach.

Eleven homes decreased in price, continuing to perpetuate buyers believe that there is still room to negotiate on asking price. In Carmel seven homes had a price decrease, on Dougherty Ct. from $998K to $875K, on 9th & Dolores from $1.795M to $1.475M, on Via Mar Monte from $1.795M to $1.675M, on Handley Dr. from $835K to $774.9K, on Mission from $999K to $948.5K, on Upper Trails from $785K to $735K, and on Dolores St. from $1.295M to $1.23M. In Pebble Beach four homes had a price decrease, on Lookout Rd. from $980K to $835K, on Viscaino Rd. from $3.2M to $2.9M, on Lookout Rd. from $849.9K to $825.9K, and on Porque Ln. from $2.595M to $2.395M.

Homes in Carmel and Pebble Beach appear to be rated a “buy” these days, especially among smart investors, who see a ripe market and potential for investment gains.The increased buying activity from investors and second-home purchases may be factors behind the recent pickup in real estate sales in Carmel and Pebble Beach. Of course the 70+ weather over the weekend helps…

This week there were nine homes in Carmel that sold and one in Pebble Beach, seeming to endorse the comments above. In Carmel on Palou & Casanova for $2.105M after 773 Days on Market (DOM), on Carmelo St. for $2M after 177 DOM, on Eastfield Rd. for $745K after 161 DOM, on Dolores St. for $1.1M after 139 DOM, on Via Carmelita for $458.9K after 218 DOM, on Lazorro Dr. for $ 930K after 0 DOM, on Monte Verde & 7th for $1.025M after 3 DOM, on Upper Trails for $780K after 9 DOM, and on Ribera Rd. for $870K after 11 DOM. The Pebble Beach real estate sale was on Costado Rd. for $1,197,500 after 332 DOM.

For a larger picture of Carmel Real Estate sales, 77 homes have sold in the last 120 days (12/23/11 to 4/21/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. Average DOM is 141 days and average $/sq. ft. is $582. 45 homes in Carmel were $1M or under and 35 of these homes were west of Highway 1. In Pebble Beach there were 47 real estate sales, from $6.4M for a home on Portola Rd. to $395K for a house on Shepherds Knoll. Average DOM is 200 days and average $/sq. ft. is $497.

April 22, 2012

Carmel & Pebble Beach Real Estate News for Apr. 14th 2012

Filed under: Carmel-by-the-Sea Real Estate,Homes in Carmel,Pebble Beach Real Estate,Real Estate Listing,Real Estate Market Data — Tags: , , , , , , , , , — Karen Milne @ 7:57 am

The real estate market in Carmel and Pebble Beach is very unique and to help you get a better understanding of market performance we publish this weekly summary of the real estate transactions for Carmel and Pebble Beach. There is also a 120 day sales and median price data for homes in Carmel at the end of this section. Previous weeks information can be found on our Blog.

Homes in Carmel look like they are now being impacted by the lower end of the price scale real estate in Pebble Beach. Overall the Carmel real estate market still seems to be buoyant, and growing. In total there were nine new listings and three sales this week. Good activity for Carmel and inventory levels are still dropping. The new listings for homes in Carmel are, on Torres & 2nd for $739K, on North Mesa Dr. for $695K, on Aspen Pl. for $539.9K, on Santa Lucia for $1.585M, on Whitman Circle for $1.1M, on N. W. Perry Newbury Way for $996k, on Monterey St. for $889K, on Junipero for $1.499M and on Lazarro Dr. for 950K.

There were two new listing and two sales for Pebble Beach. The new listings are on Sherman Rd. for $1.75M, and on Quarry Rd. for $1.75M.

There were no price increases for homes in Carmel or Pebble Beach.

Six homes decreased in price, continuing to prolong buyers believe that there is still room to negotiate on asking price. In Carmel two homes had a price decrease, on Fairfield from $1.05M to $995K, and on 5th Ave. & Santa Rita from $2.38M to $2.28M. In Pebble Beach four homes had a price decrease, on Arroyo Dr. from $950K to $775K, on Congress Rd. from $1.499M to $1.289M, on Lookout Rd. from $795K to $775K, and on Porque Ln. from $2.595M to $2.395M

Homes in Carmel and Pebble Beach appear to be rated a “buy” these days, especially among smart investors, who see a ripe market and potential for investment gains.The increased buying activity from investors and second-home purchases may be factors behind the recent pickup in real estate sales in Carmel and Pebble Beach.

This week there were three homes in Carmel that sold and two in Pebble Beach, seeming to endorse the comments above. In Carmel on San Pedro Ln for $900K after 139 Days on Market (DOM), on Camino Real & 4th for $1.07M after 9 DOM, and a REO on 6th Ave. for $632.9K after 7 DOM. The Pebble Beach real estate sales were on Oak Knoll Rd. after 235 DOM, and on Middle Ranch Rd. for $760K after 6 DOM.

For a larger picture of Carmel Real Estate sales, 69 homes have sold in the last 120 days (12/18/11 to 4/14/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. Average DOM is 148 days and average $/sq. ft. is $595. 39 homes in Carmel were $1M or under and 29 of these homes were west of Highway 1.

April 15, 2012

Carmel & Pebble Beach Real Estate News for Apr. 7th 2012

Filed under: Homes in Carmel,Pebble Beach Real Estate,Real Estate Market Data,Uncategorized — Tags: , , , , , , , — admin @ 8:55 am

The real estate market in Carmel and Pebble Beach is very unique and to help you get a better understanding of market performance we publish this weekly summary of real estate transactions for Carmel and Pebble Beach. There is also a 120 day sales and median price data for homes in Carmel at the end of this section. Previous weeks information can be found on our Blog.

Homes in Carmel are just outselling real estate in Pebble Beach. Overall the Carmel real estate market seems to be buoyant ,and growing. In total there were six new listings and four sales this week. Good activity for Carmel and inventory levels are still dropping. The new listings for homes in Carmel are, on Camino Del Monte for $1.495M, on Camino Real for $1.379M, on Lasuen Dr. for $1.299M, on Cabrillo St. for $699K, on Dolores St. for $1.295M, and on Ocean Ave. for $2.7M.

There were three new listing for Pebble Beach, on El Toro Rd. for $975K, on Crescent Rd. for $3.295M, and on Costada Rd. for $1.349M.

There were no price increases for homes in Carmel or Pebble Beach.

Six homes decreased in price, continuing to prolong buyers believe that there is still room to negotiate on asking price. In Carmel four homes had a price decrease, on Carmel Knolls Dr. from $750K to $700K, on Lobos St. from $799.9K to $749.5K, on Canada Valley Dr. from $1.065M to $999K, and an REO on Morse Dr. from $823.5K to $799.9K. In Pebble Beach two homes had a price decrease, on Lookout Rd. from $849.9K to $827.9K, on Sloat Rd. from $895K to $775K.

Homes in Carmel and Pebble Beach appear to be rated a “buy” these days, especially among smart investors, who see a ripe market and potential for investment gains.The increased buying activity from investors and second-home purchases may be factors behind the recent pickup in real estate sales in Carmel and Pebble Beach.

This week there were four homes in Carmel that sold and five in Pebble Beach, seeming to endorse the comments above. In Carmel on Bay View Ave. for $2.515M after 336 Days on Market (DOM), on Casanova & 8th for $2.125M after 137 DOM, on North Carmel Hills Dr. for $393,525 after 21 DOM, on Mesa Dr. for $579K after 61 DOM. The Pebble Beach real estate sales were on Crest Rd. for $575K after 329 DOM, on Lariat Ln. for $699K after 276 DOM, on Forest lodge Rd. for $615K after 228 DOM, on Viscaino Rd. for $1.395M after 232 DOM, and on Benbow Pl. for $995K after 156 DOM.

For a larger picture of Carmel Real Estate sales, 71 homes have sold in the last 120 days (12/11/11 to 4/07/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. Average DOM is 152 days and average $/sq. ft. is $592. 40 homes in Carmel were $1M or under and 33 of these homes were west of Highway 1.

April 8, 2012

Carmel & Pebble Beach Real Estate News for Mar. 31st. 2012

Filed under: Homes in Carmel,Pebble Beach Real Estate,Real Estate Market Data — Tags: , , , , , , , , , — admin @ 9:48 am

Monthly home sales and median price data don’t tell the full picture about the real estate market in Carmel or Pebble Beach. To help you get a better understanding of market performance we publish this weekly summary of luxury real estate transactions for Carmel and Pebble Beach. Previous weeks can be found on our Blog.

Homes in Carmel are still outselling real estate in Pebble Beach. Overall the Carmel real estate market seems to be strong,and growing. In total there were eight new listings and nine sales this week. A lot of activity for Carmel and inventory level is dropping. The new listings for homes in Carmel are, on 15th Ave. for $3.15M, on Guadalupe St. for $985K, on Camino Real & 4th for $2.975M, on Aurora Del Mar for $3.895M, on Lobos St. for $1.499, on Mission for $999K, on Upper Trails for $785K, and on 14th Ave. for $989K

There were two new listing for Pebble Beach, on 17 Mile Dr. for $3.75M, on Bird Rock Rd. for $895K.

There were no price increases in Carmel or Pebble Beach.

Seven homes decreased in price, continuing to prolong buyers believe that there is still room to offer less. In Carmel four homes had a price decrease, on Carmelo St. form $2.8M to $2.499M, on Morse Dr. from $869K to $819K, on Ocean View Ave. from $5.2M to $4.495M, and a REO on Handley Dr. from $835K to $799.9K. In Pebble Beach three homes had a price decrease, on Marcheta Ln. from $2.45M to $1.95M, on Lookout Rd. from $849.9K to $829.9K, and on Arroyo Dr. from $1.495M to $1.395M.

As with everything else in this unique and historic housing market, perhaps the usual logic doesn’t apply. If prices are still falling, couldn’t an even better deal be waiting down the road a bit? No. House prices will continue to fall on a national basis at least through 2012, but you have to look past national headlines to our local market, which is already recovering nicely. The trouble with the national numbers is that they are heavily weighted toward the lower end of the market and to the distressed end of the market. Homes in Carmel and Pebble Beach appear to be rated a “buy” these days, especially among smart investors, who see a ripe market and potential for investment gains, so now is the time to buy.

This week there were nine homes in Carmel that sold and five in Pebble Beach, seeming to endorse the comments above. In Carmel on Casanova St. .for $1.2M after 680 Days on Market (DOM), on Guadalupe & 6th for $1.25M after 647 DOM, on Forest Ave. & 7th for $500K after 34 DOM, on Santa Lucia & San Antonio for $4.1M after 302 DOM, on Atherton Dr. for $825.3K after 302 DOM, on Santa Rita & 3rd for $718K after 119 DOM, on Santa Fe for $925K after 48 DOM, on Casanova & 13th for $1M after 3 DOM, and on Guadalupe & 1st for $735K after 8 DOM. The Pebble Beach Real Estate sales were on Costado Rd. for $760K after 491 DOM, on Sloat Rd. for $640K after 145 DOM, on Wildcat Canyon for $575K after 131 DOM, on Lost Barranca Rd. for $1.65M after 128 DOM, on Crest Rd. for $637,199 after 78 DOM.

For a larger picture of Carmel Real Estate sales, 70 homes have sold in the last 120 days (12/02/11 to 3/31/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. Average DOM is 150 days and average $/sq. ft. is $594. 39 homes in Carmel were $1M or under and 33 of these homes were west of Highway 1.

April 1, 2012

Carmel & Pebble Beach Real Estate News for Mar. 24th 2012

Filed under: Homes in Carmel,Pebble Beach Real Estate,Real Estate Market Data — Tags: , , , , , , , , , — admin @ 8:03 am

Homes in Carmel are still outselling real estate in Pebble Beach. Overall the Carmel real estate market seems to be stable, if not growing. In total there were three new listings and one sale this week. The new listings for homes in Carmel are, on Ocean Ave. for $599K, on Guadalupe St. for $799K, and on San Pedro Ln. for $1.575M.

There were two new listing for Pebble Beach, on 17 Mile Dr. for $7M, on Sand Dunes Rd. for $5.2M. Along with last week’s listings this suggests that the market for high end luxury homes may be recovering, especially with all the new wealth being generated in Silicon Valley.

There were no price increases in Carmel or Pebble Beach.

Ten homes decreased in price, continuing to prolong buyers believe that there is still room to offer less. In Carmel seven homes had a price decrease, on Casanova St. from $3.9M to $3.495M, on Guadalupe St. from $920K to $875K, on Dolores St. from 1.198M to $1.095M, a REO on Hatton Rd. from $1.86M to $1,713,900, on Mission & 2nd from $1.295M to $1.265M, on Valley Way from $6.5M to $5.2M and on 8th & Casanova from $2.45M to $2.295M. In Pebble Beach three homes had a price decrease, on Padre Ln. from $6.5M to $5.75M, on Lookout Rd. from $849.9K to $831.9K, and on Porque Ln. from $2.595M to $2.495M.

As with everything else in this unique and historic housing market, perhaps the usual logic doesn’t apply. If prices are still falling, couldn’t an even better deal be waiting down the road a bit? No. House prices will continue to fall on a national basis at least through 2012, but you have to look past national headlines to our local market, which is already recovering nicely. The trouble with the national numbers is that they are heavily weighted toward the lower end of the market and to the distressed end of the market. Homes in Carmel and Pebble Beach appear to be rated a “buy” these days, especially among smart investors, who see a ripe market and potential for investment gains, so now is the time to buy.

This week there were one home in Carmel that sold and four in Pebble Beach. In Carmel on Oliver Rd.for $575K after 114 Days on Market (DOM). The Pebble Beach Real Estate sales were on Rodeo Rd. for $2.025M after 486 DOM, on Mariners Way for $687,400 after 149 DOM, a REO on Sloat Rd. for $538K after 108 DOM, and on Bird Rock Rd. for $2.025M after 45 DOM.

For a larger picture of sales of homes in Carmel, 64 homes have sold in the last 120 days (11/25/11 to 3/24/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. Average DOM is 134 days and average $/sq ft is $558. 37 homes in Carmel were $1M or under and 31 of these homes were west of Highway 1.

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