A summary of news regarding the Fiscal Cliff and its potential impact on the real estate market in Pebble Beach and Carmel California
Great article from the San Francisco Chronicle celebrating life in Carmel, California.
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
Election Day has passed, the news media has moved onto the Fiscal Cliff Drama and Petreaus affair. On this blog, though, it seems like a good time to assess the 11 Propositions that appeared on Californians’ ballots and the potential impact to current and potential homeowners. The table below details the measures that appeared on our ballots; click the title to learn more about each one. I’ve aslo offered some details regarding Proposition 30 and Proposition 39, which should be … Continue reading Summary of the California Ballot Measures
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.
Buyers with cash have always been an important part of the buyer population on the Monterey Peninsula. All cash buyers can often secure more attractive terms, especially in the middle market where competing buyers must secure a jumbo loan to buy a million to two million dollar home in Carmel, Carmel Valley, or Pebble Beach. A recent National Association of Realtor survey found that nationally 26% of transactions over the last few months have been closed by all cash buyers. … Continue reading Number of Cash Buyers in Carmel, Pebble Beach, and Nationally Grows
A Poorly Priced Carmel by the Sea or Pebble Beach Home Can Cost You Money and Time The table below shows all of the homes that have closed escrow between May 6th and July 3rd 2010 in Carmel, California. I have deleted the addresses from the table so we can focus on pricing as it relates to Days on Market and percentage of Original Price and List Price. I want to avoid a debate about a specific home and whether … Continue reading The Importance of Pricing- Recent Home Sales in Carmel by the Sea California