September surged forward with Carmel and Pebble Beach real estate both increasing in sales activity. Carmel Highlands real estate stayed about level with August, and Carmel Valley real estate more than doubled it's production from the previous month. This year has really been one for the books. 2011 was marked by stubborn sellers, rigid buyers and 6 month escrows that loved to fall out right before closing...
Please excuse the August market update being so late this month- We had some technical difficulties with our website's back end that took quite awhile to resolve. Back in business now! Just a quick breakdown of the market for this month.... August brought with it a slowing of new home sales that is typical as we break into the Fall quarter. Specifically, Carmel Valley and Pebble Beach new activity dropped...
Car week is upon us! Come next week, the Monterey Peninsula will experience an influx of car enthusiasts and rare automobiles from all over the world. Being somewhat of a self-proclaimed car guy, his is my favorite event of the year. If I'm going to sit in an hour of traffic to go from Carmel Valley to downtown Carmel-by-the-Sea, I would prefer to look at Italian sports cars and one-off prototypes...
This is a great article from the Wall Street Journal which brings to light what I've been saying for the past 6 months- Now is the time to buy! Carmel-by-the-Sea real estate, Carmel Valley property, and even Pebble Beach real estate are experiencing really healthy activity. for the last 2 quarters. The market has indeed, turned. "The housing market has turned—at last. The U.S. finally has moved beyond...
For anyone driving down the street in Carmel-by-the-Sea, it is difficult not to acknowledge the incredible increase in activity; restaurants packed on weekday nights, crowded sidewalks and people splurging in our many retail shops. The Fourth of July holiday weekend we just had was a success and clearly indicative of a economic rebound. We're expecting the Pebble Beach Concours in August to bring yet...
Mike Love and my Dad, Terry Melcher, wrote and produced "Kokomo" together in 1989, among several other records. Article on his available Pebble Beach Property below. Mike Love, a member of the Beach Boys, has cut the price of his 8,995-square-foot Pebble Beach real estate near Monterey, Calif., by 12% to $6 million. The property was first listed in 2009 for $7.9 million. Mike Love, a member of The...
Shortage of homes for sale creates fierce competition The newest problem for the slowly improving Carmel real estate and Carmel Valley real estate housing markets isn't a shortage of serious buyers, it's a shortage of good homes. Would-be buyers are packing open houses and downtown Carmel-by-the-Sea real estate and scrambling to make offers on properties before they are even listed. Bidding wars are...
Summer is upon us! The crowds have returned and tourism is up again. I waited 2 minutes at the corner of Dolores and Ocean today, just to take a left turn! I suppose that is a good sign.. As I write this, I'm sitting an open house at the corner of 8th and Casanova in downtown Carmel-by-the-Sea, getting plenty of activity from local renters looking to buy, and a lot of Silicon Valley, tech types looking to...
Memorial Day saw the best week in sales in several years for many Carmel retailers. Some of my friends in the jewelry business even reported staggering activity, and not the usual "looky lous" from years past. Carmel Real Estate itself received generous activity from many well qualified buyers. There were 5 total closed sales of Carmel homes, 2 of which were in Carmel-by-the-Sea, proper, all between...
The Monterey Peninsula, specifically Carmel and Pebble Beach, has reached a very consistent level of real estate activity. Homes that have been sitting on our market for one and two years, have been selling steadily over the last quarter, leaving some hot areas with very little inventory. Carmel Valley and Carmel-by-the-Sea are two such examples, with property under $2M, remaining very popular. Pebble...