June 2012

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...

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