February Newsletter ~ Carmel & Pebble Beach Real Estate
One of my two favorite event weeks is upon us! Next week kicks off the AT&T Pro-Amateur Celebrity Golf Tournament. Since I was a kid, my parents and I would help Ron Faia and the gang in the Carmel Youth Center Tent out on the 14th Fairway at Pebble Beach. The wind would be blowing the tent over, heavy showers prompting everyone on the course to seek shelter under our 2 foot overhangs, and yet there we would be serving up hot dogs and poor boys, Heinekens and cigars, oblivious to the torrential downpour and violent storm on the verge of yanking our tent out of the ground and disposing of it in the sea below. We were living! This has far and wide been the story for many an AT&T, and something that makes it unique, drawing people from around the world to want to brave the elements with us in style. We hope to see you there again this year. We will be!
The Carmel and Pebble Beach real estate markets have kicked off again in the last couple of weeks. More listings, more properties going into contract and more buyers entering the market and engaging again. After a couple of sleepy months, it is nice to see things pick back up again from their seasonal lull. As many know, we have had low inventory levels, which make it a good time to be a seller and harder to be a buyer. Interest rates have dropped, yet again, to 3.66% for 30 year fixed (Freddie Mac). And to that point, any of our friends and clients that are thinking about a refi, or who have not refi’d and have a higher rate, you ought to initiate that right now while the window is open. Feel free to call me and I can recommend someone good based on your situation.
Last week Ryan Melcher Properties won a David Lyng Real Estate President’s Club Champion Award for having top sales numbers. David Lyng Real Estate is the #1 brokerage in the greater Monterey and Santa Cruz County, with a total of 5 offices, specializing in luxury real estate and marketing. Today we closed a really neat, mid-century, quintessential Carmel Valley rancher home, complete with pool and overhanging Royal Palm, out by the Los Laureles Lodge for $1.255M…a real treat. The market is moving!
Thank you to all our friends for your continued support, and as always, if you or someone you know is thinking of buying or selling a property, please refer them to us and we will make sure they are well take care of. Please scroll down for the January numbers…. Note: blog.ryanmelcher.com will be down sometime tomorrow, probably in the evening, for a full site conversion. We have an all-new design and active Google advertising platform going live this month.
Ryan & Team
Carmel Real Estate
Carmel real estate inventory is currently at 133 available homes, with 18 completed single family residence transactions during the month of January.
Carmel-by-the-Sea Real Estate
Our local MLS has recently added a “Carmel-by-the-Sea” city location. Some homes in this location are still populating in “Carmel” and visa versa. MLS Carmel-by-the-Sea real estate inventory is currently at 24 available homes, with 3 completed single family residence transactions during the month of January.
Pebble Beach Real Estate
Pebble Beach real estate inventory is currently at 67 available homes, with 7 completed single family residence transactions during the month of January.
Carmel Valley Real Estate
Some areas of Carmel Valley that have historically been considered the Valley, are now populating in our MLS as “Carmel”. We will see if they stick with this but for now…. Carmel Valley real estate inventory is currently at 37 available homes, with 6 completed single family residence transactions during the month of January. What you and I think of as the “Valley” is a bit more active than that. Apologies for the variance.
Carmel Highlands real estate inventory is currently at 8 available homes, with 1 completed single family residence transaction during the month of January.
Disclaimer: The numbers and activity represented in this report were drawn directly from the MLS, the California Association Of Realtors, Freddie Mac and other sources, and are generally accepted as correct but are subject to change and/or mistakes.