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Purchases of existing homes increased 2.1 percent from September to October, according to the National Association of Realtors (NAR), exceeding economists’ expectations.  In California alone, home sales jumped 15.4 percent, also up 15.2 percent from this time last year. Historically, the housing market slows in October as families enroll children in school and prepare for the holiday season.  That activity increased during this time is significant, especially combined with the fact that property values rose over the past 12 months … Continue reading Existing home sales rise – in a season when they usually fall

Great news came out regarding Silicon Valley today – the price buyers are willing to pay-per-square foot is nearly back to pre-bust levels.  Sounds great for Silicon Valley sellers, right? Ask area realtors and they will tell you:  what happens in San Fran and Silicon Valley usually happens here 6 months later.  Many of the Peninsula’s part-time residents come from the San Francisco Bay Area and Silicon Valley since the short trip to the Peninsula makes for an easy weekend … Continue reading Silicon Valley Home Prices at an All Time High

In the hours before the Affordable Healthcare Act passed Congress in 2010, lawmakers added a 3.8 percent investment surtax, set to take effect on January 1, 2013.  This tax has generated a lot of noise, but seems unlikely to go away anytime soon, so it’s worthwhile to have a full understanding of how this could impact your real estate decisions moving forward. First things first – across the board, real estate investors are saying that the benefits of investing in … Continue reading Understanding the 3.8 percent tax hike

  The 5th Annual Pebble Beach Food & Wine is the premier epicurean lifestyle event on the West Coast. Brings 5000 national and international attendees to Del Monte Forest in Pebble Beach, CA; one of the most picturesque strips of coastline in the world. Hosted primarily at Spanish Bay, the scope of the event encompasses every property in Pebble Beach and uses local and regional staff to create a hedonistic four-day event that matches 250 acclaimed wineries with 75 celebrity chefs, … Continue reading Pebble Beach Food & Wine incoming brings over 5000 national and international attendees.

After transforming itself from a small firm just a few years ago into one of the big players in upscale Monterey Peninsula real estate, Carmel Realty is now also No. 1 with Pine Cone readers, our award winning local newspaper. We would like to thank all our clients, friends and neighbors for voting.