Carmel Foreclosed Home Sales in Last Six Months At the moment there are only three foreclosed homes listed for sale, but over the last six months a total of ten bank owned homes have sold in Carmel, California. On the high side there was a 4,226 square foot home at 24802 Eastfield Place that sold for $1,450,000 in March. The other extreme was a home on Canada Lane that sustained major damage when a tree fell through the roof. Some … Continue reading Recent Foreclosed / REO Home sales in Carmel, California
Currently Listed Carmel California REO / Foreclosed Homes
We do have foreclosed homes coming to market here in Carmel, California. While the number of foreclosures is well below the national average, they still have an impact on the market and are occasionally “deals” that are snapped up quickly once they are listed. Having said that, there are also times that investor (usually but not always a bank) lists a property at an unreasonable priced based on criteria other than market value and the home for sale will sit … Continue reading Currently Listed Carmel California REO / Foreclosed Homes
The Importance of Properly Pricing a Home to Sell
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
Posted in Carmel, Market Update, Overall Market, Pricing Also tagged Pebble Beach Real Estate, Real estate analysis, Real Estate Market Comments closed
1 March 2009 Carmel Real Estate Market Update
As we move into March there are 240 homesfor sale in the greater Carmel area (Carmel-by-the-Sea and the surrounding area), with properties taking about 180 days to sell…. These days, the number of sellers that “give up” is well above past years. This is reflected in the higher number of expired and canceled listings. As the Carmel real estate market has softened I have seen buyers shift their attention from areas such as Carmel Woods or south east neighborhoods of Carmel-by-the-Sea to … Continue reading 1 March 2009 Carmel Real Estate Market Update
Pebbble Beach and Carmel High End Homes Tracking with National Market?
The Pebble Beach housing market has softened somewhat, more so at the highest price point. The Carmel housing market is holding its own with a bit of strengthening at the upper end. First, a look at our markets, then some national numbers. To more accurately describe the real estate sub-markets, I report the median price in Carmel and Pebble Beach in quartiles. The most expensive 25% of homes make up the first quartile, the next 25% the third quartile, the next … Continue reading Pebbble Beach and Carmel High End Homes Tracking with National Market?
Posted in Market Update, Overall Market Also tagged national trends, Pebble Beach Real Estate, Real Estate Market Comments closed
Carmel Real Estate Market Update 18 Nov 2008
There are 150 properties for sale in Carmel, with properties taking over 180 days to sell….when they sell. These days, the number of sellers that “give up” is well above past years. This is reflected in the higher number of expired and canceled listings. As the market has softened I have seen buyers shift their attention from areas such as Carmel Woods or south east neighborhoods of Carmel-by-the-Sea to closer to town and into the “golden rectangle.” Properties are still … Continue reading Carmel Real Estate Market Update 18 Nov 2008
Real Estate Areas in Carmel, Carmel Valley and Pebble Beach
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
Closed Carmel Home Sales in the Last Three Months
While the graphs and statistics I post offer insight into the health of the Carmel real estate, frequently my clients are tracking a specific property and want to know how it was received by the market. The best way to track properties is to use my Private Client MLS. You can save properties of interest into your favorites folder and be notified when they sell, and their sales price. Send me an email if you would like me to set … Continue reading Closed Carmel Home Sales in the Last Three Months
Posted in Carmel, Recent Sales Also tagged Carmel, Carmel By the Sea, Home Sales, Sold Homes Comments closed
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
Posted in Overall Market, Uncategorized Also tagged Carmel homes for sale, ocean view, remodeled home for sale Comments closed
Don't Forget Water Credits When Buying a Home In Carmel or Elsewhere on the Monterey Peninsula
Water is a precious resource. Here on the Monterey Peninsula, we take that seriously. So seriously, in fact, that we have an entire water management district to manage this precious resource. It’s called the Monterey Peninsula Water Management District (MPWMD) and was formed in June of 1978. Along with managing and allocating water, the MPWMD promotes water conservation. With these two goals in mind, the MPWMD created a system of water units and fixture credits to keep track of water … Continue reading Don't Forget Water Credits When Buying a Home In Carmel or Elsewhere on the Monterey Peninsula
Posted in Water Issues Also tagged Carmel Valley Real estate, Monterey Peninsula Water Management District, Pebble Beach Real Estate, water credits Comments closed
