May 2012

Home Prices Rise in Half of US Cities, Carmel, Pebble Beach Markets find more traction during Memorial Day holiday.

Memorial Day saw the best week in sales in several years for many Carmel retailers. Some of my friends in the jewelry business even reported staggering activity, and not the usual "looky lous" from years past. Carmel Real Estate itself received generous activity from many well qualified buyers. There were 5 total closed sales of  Carmel homes, 2 of which were in Carmel-by-the-Sea, proper, all between...

Market Conditions

The Monterey Peninsula, specifically Carmel and Pebble Beach, has reached a very consistent level of real estate activity. Homes that have been sitting on our market for one and two years, have been selling steadily over the last quarter, leaving some hot areas with very little inventory. Carmel Valley and Carmel-by-the-Sea are two such examples, with property under $2M, remaining very popular. Pebble...

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