Carmel Valley Real estate update including a discussion of sales price, inventory and residential home sales.
Carmel Valley pricing slipped in mid 2007 and early 2008 and then suffered an additional decline from late 2008 through the spring of 2009. By giving back value early, Carmel Valley pricing while not appreciating did appear to have found a plateau in 2010 into early 2011 with a slip in values in late 2011. Much of the pricing variability is in the highest end of the market, discussed below. The “Valley” is the most geographically diverse of our markets … Continue reading Carmel Valley Residential Market Snapshot
The water situation on the Monterey Peninsula (Carmel, Carmel Valley, Pacific Grove, Monterey, Pebble Beach) is about as clear as mud– so stay with me for a quick synopsis and an update. Cal-Am, the local water company, is violating a number of orders/laws/regulations by “over pumping” the Carmel River. Most of the restrictions have to do with protecting the Steel Head breading that occurs in the river. This over pumping/water shortage is the basis for the existence of the Monterey … Continue reading Water Stay Lifted on Monterey County Water Use
Nineteen properties have sold in Carmel Valley, including those in escrow, since August 1st of 2008. Carmel Valley includes Cachagua, the next valley to the south from Carmel Valley. The Sales are listed below, by list price. As you will notice, many of these properties saw a price decrease from their original list price. As with elsewhere, sellers and their agents are reducing list prices in an effort to find the market. Tomorrow I will be posting updated Carmel … Continue reading Carmel Valley Recent Home Sales, 1 August to 10 November 2008
Why Use this Search Tool? There are a number ways to search for Property for Sale in Carmel, Pebble Beach, Carmel Valley and the surrounding areas. Many web property search tools have inaccurate data, delay notification of new listings, and don’t present all of the properties that are listed. My Private Client System emails you when a new property is listed at the same time the real estate community is updated. You can track your favorite properties, and monitor them … Continue reading MLS Search Tool for Carmel, Carmel Valley, Pebble Beach and the Monterey Peninsula
I recently had discussion with several clients about how the market “feels” compared to last year. I decided to run some comparisons and see what the numbers say about the Carmel real estate market: Pretty clear that this year is quite a bit different from last. The orange bar is the 90 day median price trend line from a year ago. The black line is this year. It is interesting to see the inflection of the black line over the … Continue reading Carmel Real Estate…How the Market Looks Compared to a Year Ago
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
The 83 homes on the market in Carmel Valley have been on for an average of 175 days. Half the listings are new on the market in the last 126 days. The valley remains firmly at the “buyer’s market” end of the spectrum with a Market Action Index of 7. The median price is just under $1,295,000 where it has been for several weeks. While the median price has leveled off, the price per square foot has been trending downward. … Continue reading Carmel Valley Market Update