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
15 Oct. 2008, The Carmel, Pebble Beach and Area Markets from 10,000 Feet
Better Here Than Elsewhere, But…. Nearly all of our markets are discretionary. People choose to live here. When they come to the Peninsula, buyers are often acting on their dream of owning a second, or even a third home. Most of our buyers are sophisticated and successful and pay attention to appreciation potential and the cost of money. They track the market and pay attention to statistics. Given the lack of urgency, many buyers are holding back in hopes … Continue reading 15 Oct. 2008, The Carmel, Pebble Beach and Area Markets from 10,000 Feet
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