The last couple of weeks have seen a great deal of discussion about how the “historic” compromise between the Pebble Beach Company and the California Coastal commission will impact life in Pebble Beach, home values, and opportunities to buy a vacant lot and build a new home. Rather than review the sordid history of lawsuits, referendums, etc., I will summarize the development that Pebble Beach will pursue, including the development of a new 100 room hotel, expansion of both Spanish … Continue reading Pebble Beach Company and Coastal Commission Agree on New Home Sites and Real Estate Development in Pebble Beach
Pebble Beach Company and Coastal Commission Agree on New Home Sites and Real Estate Development in Pebble Beach
Real Estate market update for the Monterey California residential market. Including a discussion of home price trends and day on market and inventory comparisons.
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
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
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?