What a month we’ve had! Some great sales, prime new listings, even better clients and the Summer still shows no sign of slowing down. As some may know and some not, Carmel & Pebble Beach weather gets better as we get out of Summer and into Fall, and better yet as we edge into the holidays. Indian Summer is upon us and the tourists and would-be buyers are still flooding in to join us in our quaint little paradise. For our locals, we’re about a month into “back to school” and the market has temporarily shifted a bit to more vacation home buyers than current residents. It is still a great time to list through October, as the market has been humming along just up to Thanksgiving in recent years.
Some good news for the real estate industry this month- the Fed just announced they will be keeping interest rates down for the foreseeable future, which we all hope will ensure more sales and more equity growth next year and beyond. This Sunday we have a new listing coming up on Carmelo & 12th NW Corner in Carmel-by-the-Sea. List price of $2.795M and ocean views. This is a 2 bed, 2 bath in a very prime location. Please come out and see us on the following weekend for open house.
I will wrap up here- we had such a great month that this newsletter comes a bit later than usual, and October’s newsletter should follow in about 2 weeks. Thanks to all of you for your continued support. Please scroll down for the Carmel / Pebble Beach August statistics.
Ryan & Team
As always, if you know someone who is considering buying or selling a home, please give me a call. I will provide superior service, in-depth market knowledge and thoughtful guidance through the entire process. Please scroll down for the market breakdown by area.
Carmel real estate inventory is currently at 121 available homes, and 8 lots, with closed transactions up slightly from 32 for the previous month to 33 for August, ranging from $638K to $3.3M. No lot sales.
Pebble Beach real estate inventory is currently at 69 available homes and 11 lots, with closed transactions down from 11 to 8 for August, ranging from $683K to $2.68M. There were 2 lot sales at $225K and $1.4M.
Carmel Valley real estate inventory is currently at 85 available homes and 60 lots, with closed transactions up slightly from 16 to 18 for the month of July, ranging from $287K to $1.455M.
Carmel Highlands real estate inventory is currently at 25 available homes and 7 available lots, with closed transactions up from a flat 0 to 1 transaction at $900K for the month of August.
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.