Carmel

Real Estate Markets

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

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True story of a Carmel Home Buyer

I recently put another Carmel home in escrow.  I had been working with these clients for quite some time-looking for their perfect house. As with many buyers, my clients were hesitant to make a move given the economic uncertainty and credit crisis. However, when they found their house, it was clear that the time to buy was now. We knew this because several months ago I set them up on my Private Client MLS system and together we have been … Continue reading True story of a Carmel Home Buyer

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November 2008 Home Sales Compared to 2007 in Pebble Beach, Carmel, Carmel Valley

November is over. Certainly a slower real estate market on the Monterey Peninsula than in the months leading up to it. Carmel Valley Carmel Valley saw only two homes go into escrow. Then again, in November of 2007 there were only three home sales in Carmel Valley in November. The difference? This year list the list price of Carmel Valley properties were $699,000 and $550,000. Last year: $2,850,000, $1,650,000 and $1,475,000. The orange line represents Median Price 1 Year ago, the … Continue reading November 2008 Home Sales Compared to 2007 in Pebble Beach, Carmel, Carmel Valley

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Carmel Real Estate Market Update 18 Nov 2008

There are 150 properties for sale in Carmel, with properties taking over 180 days to sell….when they 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 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 … Continue reading Carmel Real Estate Market Update 18 Nov 2008

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Real Estate Areas in Carmel, Carmel Valley and Pebble Beach

I was showing clients property yesterday and the topic of “real estate areas” again came up. I always start a tour with a copy of the area map and an explanation of how it works. They were surprised to learn about “areas” although they had bought and sold several homes in Carmel and Pebble Beach. To help organize properties, the local real estate boards create “areas.” In theory the homes within a given area are more alike than not: built … Continue reading Real Estate Areas in Carmel, Carmel Valley and Pebble Beach

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Closed Carmel Home Sales in the Last Three Months

While the graphs and statistics I post offer insight into the health of the Carmel real estate, frequently my clients are tracking a specific property and want to know how it was received by the market. The best way to track properties is to use my Private Client MLS. You can save properties of interest into your favorites folder and be notified when they sell, and their sales price. Send me an email if you would like me to set … Continue reading Closed Carmel Home Sales in the Last Three Months

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Carmel Real Estate…How the Market Looks Compared to a Year Ago

I recently had discussion with several clients about how the market “feels” compared to last year. I decided to run some comparisons and see what the numbers say about the Carmel real estate market: Pretty clear that this year is quite a bit different from last. The orange bar is the 90 day median price trend line from a year ago. The black line is this year. It is interesting to see the inflection of the black line over the … Continue reading Carmel Real Estate…How the Market Looks Compared to a Year Ago

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