Water Credits or Fixture Units Are An Important Part of a Home’s Value We take water usage very seriously here on the Monterey Peninsula. In fact, we have a government authority that is in charge of water, called the Monterey Peninsula Water Management District (MPWMD) which was formed in June of 1978. To use water on the Monterey Peninsula, including Carmel, Carmel Valley, and Pebble Beach, one needs a permit from the MPWMD. You can’t install a water meter on a … Continue reading Monterey Peninsula Water Credits and their Importance When Buying or Selling a Home
Pebble Beach
Monterey Peninsula Water Credits and their Importance When Buying or Selling a Home
Also posted in Carmel, Carmel Valley, Pacific Grove, Seaside, Water Issues Tagged Monterey Peninsula Water Management District, water credits Comments closed
Pebble Beach and Carmel Short Sales, Complex Financial Transactions
Short sales are occurring across all price levels on the Monterey Peninsula with the one home in Pebble Beach currently listed for sale at $5,950,000. These transactions can be complex with nearly always a “second” loan and often a third. In these cases the negotiation between the seller and the lenders is often the more challenging and time consuming than the negotiation between the seller and buyer. As a buyer of a short sale it is imperative that your agent … Continue reading Pebble Beach and Carmel Short Sales, Complex Financial Transactions
Are Banks Changing Their Strategy on High End Foreclosed Homes in Carmel and Pebble Beach?
Over the last six months the attitude of the banks selling REO (foreclosed properties) in Carmel, Pebble Beach, and Carmel Valley has certainly shifted. Initially, as the foreclosure wave began, the banks treated all foreclosed properties in much the same way. The key criteria was speed of sale. The banks would price the property to sell and hopefully even close escrow within 30 days of listing. Recent Carmel foreclosed homes range in the number of “Days on Market” but the … Continue reading Are Banks Changing Their Strategy on High End Foreclosed Homes in Carmel and Pebble Beach?
Water Stay Lifted on Monterey County Water Use
The water situation on the Monterey Peninsula (Carmel, Carmel Valley, Pacific Grove, Monterey, Pebble Beach) is about as clear as mud– so stay with me for a quick synopsis and an update. Cal-Am, the local water company, is violating a number of orders/laws/regulations by “over pumping” the Carmel River. Most of the restrictions have to do with protecting the Steel Head breading that occurs in the river. This over pumping/water shortage is the basis for the existence of the Monterey … Continue reading Water Stay Lifted on Monterey County Water Use
Also posted in Carmel, Carmel Valley, community, Water Issues Tagged Carmel, Carmel Valley Real estate, Monterey Peninsula Water Management District, Pebble Beach Real Estate, water credits Comments closed
Pebble Beach Real Estate Ranking in Forbes 500
Last week Forbes published their “by zip code” analysis of the most expensive zip codes. As expected, the median price of homes for sale in most zip codes fell over the last year. A year ago California accounted for 96% of the top zip codes, this year…less than 50%. Of the California zip codes still on the 500 most expensive zip codes, 83% had median prices that stayed the same or declined. Pebble Beach Pebble Beach experienced an 8% decline … Continue reading Pebble Beach Real Estate Ranking in Forbes 500
Also posted in Overall Market, Uncategorized Tagged Forbes, Homes for Sale, Market Update, Pebble Beach, Pebble Beach Real Estate 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
23 January 2009, Pebble Beach Real Estate Update
Market Profile There are currently 5 Pebble Beach properties in escrow ranging in list price from $1,745,000 to a vacant lot listed for $300,000. (Current Pebble Beach Pending Sales) There have been 13 closed sales in Pebble Beach since October 1, 2008, ranging in sale price from $3,150,000 to $675,000 (Pebble Beach Sales since 10/1/2008). As with other Peninsula markets, Pebble Beach remains firmly at the “buyer’s” end of the spectrum with 207 average days on market. While Pebble Beach … Continue reading 23 January 2009, Pebble Beach Real Estate Update
Also posted in Market Update, Recent Sales, Uncategorized Tagged Market Update, Pebble Beach Home Sales, Pebble Beach Real Estate Comments closed
Pebble Beach Golf Resort Discount
Normally my posts focus on homes for sale in Pebble Beach, Carmel or Carmel Valley but once in a while I stray from that topic. The folks over at golfvacationinsider.com recently posted an insider tip that Pebble Beach is offering play at Spyglass Hill and the Links at Spanish Bay at a 50% discount and the Pebble Beach course at 30% without having to be a guest at a Pebble Beach hotel. The discount is offered to members of the … Continue reading Pebble Beach Golf Resort Discount
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
Also posted in Carmel, Carmel Valley, Recent Sales Tagged Carmel, Market Update, Pebble Beach Home Sales, Year to Year Comparison Comments closed
