Over the last few months, the tides seem to have materially changed in our local real estate enclave. With most of the first two months of the year continuing the same slow patterns from 2022, March and April picked up with a steady stream of buyers reentering the market. Our team had a number of transaction sides in Carmel to indicate that same trend. This week the FED raised rates again- however this...
"Nothing is normal, but things still seem to be OK here in real estate." That is the gist of what we tell people when asked what's happening here in Carmel and Pebble Beach. Inflation fell below 5% for the first time, and Zillow's market data aggregator thinks the overall market will appreciate a slim 1% over the next 12 months - that's Carmel county versus the city of Carmel-by-the-Sea, where things tend...
This newsletter would have typically gone out closer to the beginning of the month, however with a full week or more of power outage here on the Peninsula, and being in a constant state of crisis with flooding and fallen trees everywhere, it just wasn't my priority! I feel fortunate to be able to report that we did not have any major damage to any of our friend's or client's homes this last round of...
As we move into the first phase of this year's selling season, here's a reminder that real estate has been the number one protection against inflation for 100 years. That hasn't changed. We are here to be a part of your investment strategy team. You may be considering that vacation rental, a primary home you and your family want to build equity with, or simply a commercial property. We're here for you. And...
As we embark on a new year, it is important to look back in gratitude for all that we have. Some are dealing with financial hardships or stressors, but many around the world have always been without food, water or basic civil rights. We've got it pretty darn good. 2022 was a heck of a year. The war in Ukraine has put economic stress on much of the world, ourselves included, as we've massively increased...
Dear Friends, This month I want to first cover some big news- I finally pulled the trigger and Brittney and I are now engaged! Pictured below :) Other big, local news is the approval of the long overdue, proposed Desalination plant in Marina, and the approval of the evening game lights at Carmel High's football field. Many residents in Monterey County have been waiting on pins and needles for the Desal...
Good morning Friends, The FED just hiked rates another 75 basis points, so coming up here we may see a bit more slowing with regards to buying demand in our local real estate market. The 30 yr fixed mortgage is hovering in the low 7’s this AM, and I think its important to note that higher rates do just as much to keep would-be primary home sellers in their homes, due to inability to pick up a similar...
Good morning Friends! Last weekend was the Carmel Meet the Makers Art & Wine Walk. We headed downtown with some friends and hopped around to see all the local art galleries that we seemingly forget about sometimes! Carmel has such a cool and vibrant art scene for a small village, from paintings to sculptures, to modern art to photography galleries. There were quite a few local wineries represented,...
Dear Friends,We are officially in the Fall selling season. Car Week came and went 2 weeks ago, with scores of people overrunning the Peninsula and bringing lots of eyes and retail sales to the community. We saw an uptick of sales that was mostly unrelated to visiting car enthusiasts, and instead almost entirely related to sidelined demand waiting for new inventory. We did pick up a few new buyers, but no...
Dear Friends and Family, This week is Car Week, AKA Concours! Most of you have been to this event before, some even multiple times. I began attending the show with my parents in the 80's when I was just a couple of years old. At that time, it was all about the Pebble Beach Concours d'Elegance, which sits out on the 18th fairway and green of the Lodge. Everyone wore their Sunday best, including...
