[Please Note: The graphs on this page are updated daily. The links to current listings are current within 15 minutes. The PDF's of sold property are updated every two weeks or so. If you would like more detail about any items mentioned here, send me an email. Thanks, Malone]
As we move into July there are nearly 350 homes for sale in Carmel (Carmel-by-the-Sea and the surrounding area), with properties taking over 180 days to sell.
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 closer to town and into the “golden rectangle.” Properties are still selling in all neighborhoods but buyers are looking for the perfect home or the near perfect deal. Pricing is an important component of what is selling, and how long it is taking. Correctly pricing a home for sale is more important than ever.
Market Profile
Carmel remains firmly at the “buyer’s market” end of the spectrum. Successful sellers are those that adjust to the changing market by preparing their homes as completely as possible for presentation to buyers and by pricing their homes to differentiate themselves from the competition. If a home meets a buyer’s needs, they should submit a well prepared offer with supporting comparables.
The Market Action Index
The Market Action Index (MAI) measures available supply relative to the current level of demand. Index values above 30 indicate conditions favor sellers, below 30 favors buyers.
Median Price Per Square Foot
Homes in Carmel are not typically priced by “square foot” as there can be a 1,600 square foot home worth $900,000 a block from a home exactly the same size that might be worth $1,800,000. Nevertheless, median and average price per square foot are useful for seeing trends.
Looking at the market by Quartiles
To more accurately describe the sub-markets within Carmel, I report the median price in quartiles. The most expensive 25% of homes make up the first quartile, the next 25% the third quartile, the next 25% the third, and the least expensive 25% are the fourth quartile.
Recent Activity
This section of the report gives you a snap shot of the most recent listings in Carmel. If you have questions about these properties or would like a report covering a specific neighborhood or price range send me an email and I’ll get right back to you. malone@malonehodges.com
Recently Listed
These are the ten most recent most recently listed homes in Carmel
Showing properties
1 - 10 of 201.
See more
city of Carmel real estate.
(all data current as of
7/30/2010)
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$1,250,500 : 24685 Santa Rita St, Carmel3 beds, 2 full bathsSize: 1,198 sq ftLot size: 6,220 sq ftYear built: 1949Parking spots: n/aWalk Score™: 57
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$1,249,500 : 3610 Eastfield Rd, Carmel3 beds, 2 full, 1 part bathsSize: 3,370 sq ftLot size: 11,981 sq ftYear built: 1987Parking spots: 2Walk Score™: 11
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$895,000 : 0 Ne Santa Fe St #4 Ne Of 2n, Carmel3 beds, 2 full bathsSize: 1,171 sq ftLot size: 4,000 sq ftYear built: 1929Parking spots: n/aWalk Score™: n/a
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$2,495,000 : 0 Monte Verde 4 Sw Of Tenth St, Carmel3 beds, 2 full bathsSize: 1,600 sq ftLot size: 4,000 sq ftYear built: 2010Parking spots: 1Walk Score™: 63
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$875,000 : 26020 Atherton Dr, Carmel3 beds, 2 full, 1 part bathsSize: 2,132 sq ftLot size: 7,600 sq ftYear built: 1965Parking spots: 2Walk Score™: 68
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$2,400,000 : 2 Ne Fraser Way & Camino Real, Carmel3 beds, 3 full bathsSize: 2,071 sq ftLot size: 4,543 sq ftYear built: 1963Parking spots: n/aWalk Score™: n/a
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$950,000 : 24666 Upper Tl, Carmel3 beds, 3 full, 1 part bathsSize: 2,100 sq ftLot size: 6,000 sq ftYear built: 1958Parking spots: 2Walk Score™: 48
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$979,200 : 3262 Taylor Rd, Carmel5 beds, 4 full bathsSize: 2,553 sq ftLot size: 460.00 acYear built: 1974Parking spots: 2Walk Score™: 74
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$1,315,000 : 2969 Franciscan Wy, Carmel2 beds, 2 full bathsSize: 1,779 sq ftLot size: 6,000 sq ftYear built: 1948Parking spots: n/aWalk Score™: 63
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$1,750,000 : 3538 Greenfield Pl, Carmel4 beds, 3 full, 1 part bathsSize: 2,700 sq ftLot size: 9,583 sq ftYear built: 1972Parking spots: 2Walk Score™: 28
Listing information deemed reliable but not guaranteed. Read full disclaimer.
