Dear Friends and Colleagues,As we move into the second half of the year, we look back on what has been a turbulent and unprecedented ride – Russia’s invasion of Ukraine, geopolitical and national unrest, inflation not seen in decades, an equities market on steroids dipping quickly into bear market territory, and finally, the strongest real estate market in human history experiencing slowing demand with...
Good morning my Friends,As we get into Summer, I'm happy to say local demand remains, albeit at a lower velocity than before- but still at a higher rate than normal. Several properties in the high end, and super high end, have gone into contract over the past week or less; our team was responsible for one of these, and a couple of others were properties that have been sitting for quite awhile. One could...
Good morning my Friends, A few thoughts I have from what I’m seeing on the ground here- our multiple offer listings have gone to about half or 1/3 as many offers over about 45-60 days. This appeared to coincide with the heavy prime rate increases- I see folks averaging around mid 4's to 5 for jumbo 30 yr fix mortgages right now, which will be more like 5 to mid 5's now after today's rate hike- the FED...
I thought for this month I would delve for a moment into the state of the markets and where I think the closest pressure points are.
We’ve just finished redoing our branding and style guide with the incredible help of Jeff Ratto.
Hi Everyone, We hope you are all staying safe. Real estate is still moving here and prices seem to be holding for the most part. For sure, less new listings; but we are seeing a fair amount of new escrows proportionate to those new listings. Here is a quick update from our main Peninsula office for you all: No one will be able to fully predict the effect the coronavirus pandemic will have on the...
Hi Friends, Clients and Colleagues around the world- We as Realtors were first told we could not show real estate here, but have just been deemed essential and as of today are able to conduct showings that are not able to be satisfied virtually. Additionally they must be done by appointment, with no more than two clients (from the same family only), with one agent, and with no inhabitants of the home...
Hello Friends! Market Update We wanted to say a big thank you to all for your support this past year and beyond. We were able to hit some amazing numbers and land in the Top 20 of all agents and agent teams combined for the Monterey Peninsula for 2019. Overall we placed as the #6 agent at Sotheby's International Realty for the Peninsula of about 140 active agents. I placed #16 of roughly 1,500...
Ryan Melcher Properties Q1 2020...
Ryan Melcher Properties April 2020...
