As we move into March there are 240 homesfor sale in the greater Carmel area (Carmel-by-the-Sea and the surrounding area), with properties taking about 180 days to sell…. These days, the number of sellers that “give up” is well above past years. This is reflected in the higher number of expired and canceled listings. As the Carmel real estate market has softened I have seen buyers shift their attention from areas such as Carmel Woods or south east neighborhoods of Carmel-by-the-Sea to … Continue reading 1 March 2009 Carmel Real Estate Market Update
1 March 2009 Carmel Real Estate Market Update
Posted in Carmel, Market Update, Recent Sales Tagged Carmel Market Update, Carmel Real Estate Comments closed
Carmel River School Boundary Discussion
Carmel’s Schools Anyone living in Carmel, or interested in moving here, with children knows Carmel School District is one of the best public school districts in the state of California. The district consists of three elementary schools (Carmel River Elementary, Tularcitos Elementary School and Captain Cooper Elementary School), one middle school and one high school. Last night’s school board meeting was well attended and everyone acknowledged that the district is a victim of its own success. I have real estate … Continue reading Carmel River School Boundary Discussion
Posted in Carmel, Carmel Schools, Uncategorized Tagged Carmel, Carmel River School, Carmel Unified School District, Tularcitos Elementary School Comments closed
The Stimulus Package and its impact on Carmel, Pebble Beach, Carmel Valley
Admittedly many of the homes that sell in Carmel, Pebble Beach, Carmel Valley and over the hill in Monterey and Pacific Grove are priced such that most buyers need a “jumbo” or “non-conforming” loan. “Jumbo” loans are the loan product that has been most changed by the current credit crunch. The cost of these higher principal loans is much higher and the hurdles that have to be overcome to be approved can be extremely tight. Lenders used to make these loans … Continue reading The Stimulus Package and its impact on Carmel, Pebble Beach, Carmel Valley
Posted in Loans and Lending, Overall Market Tagged Conforming loans, Loans and Lending, Monterey Peninsula, Mortgages Comments closed
Pebble Beach AT&T—and How It Impacts Real Estate
The AT&T Golf Tournament mostly escaped rain on Friday and Saturday with 24 year old Dustin Johnson taking the lead. Every year as the tournament approaches I am asked by potential sellers what impact the event has on efforts to sell a home in Pebble Beach, Carmel, or the other peninsula communities. The AT&T golf tournament and other events such as the Concours d’Elegance in August are very important because they bring people to town and remind those who watch … Continue reading Pebble Beach AT&T—and How It Impacts Real Estate
Posted in Fun, Overall Market, Pebble Beach, Uncategorized Tagged AT&T, Market, Pebble Beach Comments closed
