A recent headline from National Association of Realtors announced that homeowners saw a $760 billion increase in available home equity so far this year; by the year’s end, equity gains could reach $1 trillion. How does this tie in with the current marketplace? Let’s take a moment to explore the “underwater homeowner.” Sometimes misunderstood, underwater homeowners are not necessarily in dire financial situations nor are they really on the brink of foreclosure. Many are still able to pay their mortgages … Continue reading Increased Home Equity and Low Inventory
Real Estate market update for the Monterey California residential market. Including a discussion of home price trends and day on market and inventory comparisons.
Pebble Beach Home Sales Pebble Beach is known internationally for its golf courses, magnificent estates, the Pebble Beach Lodge, and 17 mile drive. It may come as a surprise to learn there are 2,900 developed lots in Del Monte Forest (Pebble Beach) the majority of which are homes under 2,800 square feet. While there are homes of larger size and higher price throughout the forest, the majority of the more expensive homes are located closest to the coast, the Lodge, … Continue reading Pebble Beach Market Snapshot
Selling a home in Carmel or Pebble Beach California can be challenging for a number of reasons, not least of which, this is a discretionary market:No one is ever forced to move here. There aren’t companies sending employees here or demanding that people live here to work for them. Many of the homes in our area are second homes. How Most Home Buyers Approach Carmel and Pebble Beach Proper pricing of a Carmel or Pebble Beach home is even more … Continue reading The Importance of Properly Pricing a Home to Sell