So excited to share the new issue of 1913 Magazine ✨
A beautiful celebration of our community, local stories, inspired living, and the people and places that make the Monterey Peninsula so special. Take a look at our awesome listings! Which one is your dream home?
https://www.carmelrealtycompany.com/1913-magazine.htm
Hi Everyone, Happy New Year!!
A glance back and a look forward
As the New Year begins I am so excited for all the promise it holds. As we step into a new year, I’m thrilled to bring you updates on the ever-evolving real estate market, expert insights, and valuable tips to help you navigate the opportunities and challenges that lie ahead. Whether you’re a seasoned homeowner, a first-time buyer, or simply interested in the world of real estate, this blog is your trusted guide to making the most out of this exciting new chapter. Join me as we embark on this journey of discovery and growth in the world of real estate!
First a glance back with our 2023 Annual Market Report
Although our Monterey Peninsula was bustling this holiday season, the 4th quarter as a whole, was quieter. A realtor’s personal business is not always reflective of the general market and I was happy to be able to represent clients in the 4th quarter who were completing the first step to their real estate goals and dreams – several who were relocating to the Monterey Peninsula and another selling their home here to begin their own “next chapter” with new adventures in new places. My phone has begun to ring with clients asking questions about the real estate market and their thoughts of buying or selling in this new year. If you have similar goals, please call me!
Be sure to read our 2023 Annual Report above. You’ll notice that every city on the Peninsula experienced different activity. Some remained very strong and others were down a bit. Factors affecting the market were higher interest rates, macro-economic uncertainty, geopolitical concerns, and other distractions.
This is a very easy to read guide (compared to many I have seen) so if you have an interest in real estate on the Monterey Peninsula – this is a must read.
Future Outlook For Us in 2024?
The demand in our market remains high. After all, who wouldn’t want to live in this beautiful and amazing place. The good news is that interest rates are coming down and this should free up buyers and sellers to eagerly pursue their real estate goals which will provide more inventory for buyers and replacement homes for sellers.
Expert local insight can make or break a deal and can add significant value when demand, product and pricing is changing rapidly. Please reach out to me to discuss your goals or if you have friends or associates that need real estate help.
SAVE THE DATE
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As always, if I can help with any of your real estate needs, don’t hesitate to call me. I would love to help you achieve your goals, your desires, and your dreams.
Extra, Extra, read all about it . . .
Hot off the presses!! Carmel Realty Company in Carmel, CA has done it again. The leading luxury real estate firm in Carmel has just come out with its latest issue of their in-house magazine just in time for the AT&T Pro Am Golf Tournament that attracts thousands of visitors to the Monterey Peninsula the first week of February.
As a realtor with Carmel Realty, I’m proud to say our amazing “1913 Luxury By The Sea” magazine is out and may just be the best one ever! Chock full of all our beautiful listings plus some wonderful features highlighting our area and agents. It is a must have if you love Carmel and the Monterey Peninsula!
Enjoy this digital copy or ask me where you can get your own glossy color hard copy.
1913 Magazine ~ Luxury By The Sea
It has been my honor to serve the Monterey Peninsula as a realtor for the last 22 years and am so glad to have the support of the fabulous team surrounding me. Pictured is our amazingly talented in-house marketing agency, efficient transaction coordinators and admin staff, and experienced managers. We also have an entire property management team for vacation and long term rentals and concierge services (mostly not pictured).
We can satisfy all of your real estate needs. Call. me!
Note: Banner photo by Susan Lambert
As the days get shorter and the temperatures drop, our lives experience the ever changing cycles of nature. And yes, our real estate market continues to have ever changing cycles as well.
I keep being asked, “What’s happening in real estate?” So I thought I’d drop everyone a note, to give you some answers – as I see it.
Question: “How is the market doing?”
Answer: First, it’s not the same as 2020-2021. These years became frenetic and crazy as a result of the Pandemic with huge price hikes and over asking bidding by buyers.
Everyone seemed to be reflecting on their lives and re-setting priorities and many decided to make changes about where they wanted to live. Plus working remotely became possible opening up a lot of flexibility for people to live in places not necessarily close to where they worked. So . . . welcome to the Monterey Peninsula!
The market is down considerably from the spikes we saw during Covid; while the first half of the year held up stronger the second half’s decline has been a bit more rapid.
However, this year we are reaching more normal numbers that are consistent with pre-covid times in terms of volume. We are still ahead in volume of 2018-2019 so we are in a healthy market.
Question: How is the market doing and what’s happening with inventory?
Answer: The market is still pretty strong because inventory is low and demand remains high. We have many buyers with 228 listings available in the Monterey Peninsula markets which is lower than last year, but still very tight.
Question: What is happening with home values?
Answer: Home values are holding up better than transaction numbers. We’ve seen almost half the listings on the market go through price reductions with the average reduction being 9.1%
Last quarter we saw 315 sales that took place with sale prices going for 5.5% below asking on half of the homes. So overall prices are holding up pretty well.
Question: How is Carmel Realty Company doing?
Answer: As the market get tougher, the best perform. We are one of the top brokerages on the Monterey Peninsula that grew this year because our agents are the best. As a matter of fact, we have the highest producing agents as our agents do 44% more volume than any other brokerage. We are a small company, but mighty!
Here I am with my amazing support staff (and many are not pictured). Our CEO, our managers, our transaction coordinator, our marketing and analytics team, our property management team, and accounting. We’ve added concierge services for our second home owners and we have long term and vacation rentals. We pretty much can furnish any kind of real estate need you have.
How could a woman go wrong, with this team behind me?
Call me for any real estate needs you may have.
Recipient of the Carmel Chamber of Commerce Award of Excellence in Real Estate (small) for 2021
Web site: www. StreetsofCarmel.com
