2012

October Market Update

Happy (Almost) Holidays! The lights are up on Ocean Avenue, and holiday shopping has begun. Real estate-wise, things finally started to slow in our overall market for October. This is typical as we approach the holiday season. Carmel remained fairly strong while other upper end areas such as Pebble Beach and the Carmel Highlands quieted, noticeably. Below are your October statistics. Pebble Beach yielded...

Sellers must be realistic when setting their home’s price

Sellers can be very unrealistic about price. There are several problems with this, some obvious, others not so obvious. For the most part, the reason for this is what is called the endowment effect. Behavioral economics studies find that humans tend to overvalue their possessions compared with the value the market will actually bear for those possessions. It's important for home sellers to remember that...

September Market Update

September surged forward with Carmel and Pebble Beach real estate both increasing in sales activity. Carmel Highlands real estate stayed about level with August, and Carmel Valley real estate more than doubled it's production from the previous month. This year has really been one for the books. 2011 was marked by stubborn sellers, rigid buyers and 6 month escrows that loved to fall out right before closing...

August Market Update

Please excuse the August market update being so late this month- We had some technical difficulties with our website's back end that took quite awhile to resolve. Back in business now! Just a quick breakdown of the market for this month.... August brought with it a slowing of new home sales that is typical as we break into the Fall quarter. Specifically, Carmel Valley and Pebble Beach new activity dropped...

July Market Update

 Car week is upon us! Come next week, the Monterey Peninsula will experience an influx of car enthusiasts and rare automobiles from all over the world. Being somewhat of a self-proclaimed car guy, his is my favorite event of the year. If I'm going to sit in an hour of traffic to go from Carmel Valley to downtown Carmel-by-the-Sea, I would prefer to look at Italian sports cars and one-off prototypes...

Our Market has officially turned!

This is a great article from the Wall Street Journal which brings to light what I've been saying for the past 6 months- Now is the time to buy! Carmel-by-the-Sea real estate, Carmel Valley property, and even Pebble Beach real estate are experiencing really healthy activity. for the last 2 quarters. The market has indeed, turned. "The housing market has turned—at last. The U.S. finally has moved beyond...

June Market Update

For anyone driving down the street in Carmel-by-the-Sea, it is difficult not to acknowledge the incredible increase in activity; restaurants packed on weekday nights, crowded sidewalks and people splurging in our many retail shops. The Fourth of July holiday weekend we just had was a success and clearly indicative of a economic rebound. We're expecting the Pebble Beach Concours in August to bring yet...

Beach Boy, Mike Love, Reduces Pebble Beach Home by 12%

Mike Love and my Dad, Terry Melcher, wrote and produced "Kokomo" together in 1989, among several other records. Article on his available Pebble Beach Property below. Mike Love, a member of the Beach Boys, has cut the price of his 8,995-square-foot Pebble Beach real estate near Monterey, Calif., by 12% to $6 million. The property was first listed in 2009 for $7.9 million. Mike Love, a member of The...

Current shortage of inventory creates fierce competition for Carmel Real Estate

Shortage of homes for sale creates fierce competition The newest problem for the slowly improving Carmel real estate and Carmel Valley real estate housing markets isn't a shortage of serious buyers, it's a shortage of good homes. Would-be buyers are packing open houses and downtown Carmel-by-the-Sea real estate and scrambling to make offers on properties before they are even listed. Bidding wars are...

Carmel & Pebble Beach Market Update for the month of May

Summer is upon us! The crowds have returned and tourism is up again. I waited 2 minutes at the corner of Dolores and Ocean today, just to take a left turn! I suppose that is a good sign.. As I write this, I'm sitting an open house at the corner of 8th and Casanova in downtown Carmel-by-the-Sea, getting plenty of activity from local renters looking to buy, and a lot of Silicon Valley, tech types looking to...

Compare listings

Compare
Skip to content