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
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
Open House/Saturday 2/8 2:00-5:00pm
1230 Silver Court, Pebble Beach Offered at $5,595,000
Hosted by Susan Clark, Carmel Realty Company
This week we welcome the AT&T Pro Am Golf tournament along with thousands of golf enthusiasts. If they hadn’t thought about it before, I’m sure many of our golf visitors are wondering what it would be like to live on the Monterey Peninsula. For example, imagine living in this amazing home close to the Lodge at Pebble Beach and Spy Glass Hills. Come on by and take a look.
Open House/Saturday 2/8 2:00-5:00pm
1230 Silver Court, Pebble Beach Offered at $5,595,000
Hosted by Susan Clark, Carmel Realty Company
Sleek lines, sophisticated modern living, and so close to everything “Pebble Beach”. Whether you golf, ride horses, hike, or hang out at the Spa, you’ll love this home, the location, and the Pebble Beach Lifestyle.
In the living room the Isokern wood-burning fireplace surrounded by split face limestone creates the perfect setting for relaxation or entertainment.
The gourmet kitchen is perfect for entertaining and beautiful with its euro-sawn oak cabinets and Taj Mahal honed quartzite counters.
The kitchen opens onto the family room which flows out onto the deck to enjoy our delightful Monterey Peninsula sunshine!
The home is 4,825 square feet with four bedrooms, four full baths, and two half baths. The lot is 16,700 square feet.
The Master bedroom boasts a double door entry, see through linear gas fireplace with birch log set and a surround of hand chiseled limestone.
This incredible home has three additional bedrooms, a library, a study, 3-car garage, and so much more!
Come by and see it today or call me for a private showing!
831-320-6801
4103 Crest Road, 5BR/3BA $1,249,000
3,347SF Lot 15,695 SF
Open House today Sunday 10/20 1:00-4:00pm
Pebble Beach, a place of dreams and desires. Perhaps no other place in the country immediately brings up visions in a person’s mind. It may be a picture of the Lone Cypress, the iconic trade mark of Pebble Beach, that tourists flock to so they can take a photo – perhaps a selfie with this symbol in the background to say, “I was here!”
If the person is a golfer, he or she will no doubt visualize the Golf Links at Pebble Beach
. . . and perhaps this well known shot below taken at the AT&T.
For me, before I moved to the Monterey Peninsula from San Francisco, I was most taken by the mansions that line 17 Mile Drive as I wondered, “Who lives in these magnificent homes?”
Most of us can’t buy a home like this, however, let me tell you about a home that may be in your reach.
4103 Crest Road, Pebble Beach. Listed at $1,249,000.
As of today, it is listed at the least expensive home per square foot in all of Pebble Beach. It was remodeled with care 10-15 years ago and has fantastic views of the Monterey Bay, Del Monte forest, the mountains, and the Coastline.
Also, fantastic views of the sunrise from your breakfast table.
This spacious home is 3347 square feet on a 15,695 SF lot with plenty of room for growing flowers, tomatoes, or roses!
The home has a spacious open floor plan and is a great home for entertaining friends and family.
The best part is that all of the main living areas and the master are at street level so its almost like having a single level home! The large master bedroom has probably the best view in the home and has an adjoining large master bath and walk-in closet.
Also on this level is a small bedroom/or office and another full bath. Downstairs offers lots more room for family or guests with a family room, three large bedrooms, another full bath and extra storage areas. More pluses if you can handle them . . . large rear deck, radiant heat throughout the home, a generator . . . well, I could go on and on. Come see this incredible home and buy it before someone else snatches your dream.
Pebble Beach living on a budget.
Come to the Open House Sunday 10/20/19 or call Susan for a private showing 831-320-6801. www.4103Crest.com
