Tag Archives: Pebble Beach Real Estate

Carmel Realty Company, Homes for Sale, Purchasing a home

WHAT’S GOING ON IN THE REAL ESTATE MARKET? CARMEL ~ PEBBLE BEACH, CA

 

Sunset in Carmel

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!

2 NW 3rd Avenue & Junipero, Sold in 2022

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.

The beautiful white sands of Carmel Beach

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.

1044 Lost Barranca, Pebble Beach Sold in 2022

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!

Susan Clark with her amazing support staff at Carmel Realty Company

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.

Susan Clark #00929953 Realtor, Carmel Realty 831-320-6801

Recipient of the Carmel Chamber of Commerce Award of Excellence in Real Estate (small) for 2021

Web site:  www. StreetsofCarmel.com

 

Community Events, Golf on the Monterey Peninsula, Ocean view and Golf properties

US Open Golf Tournament 2019 ~ Pebble Beach CA

US Open Golf Tournament, Pebble Beach, CA  June 13 – 16 2019

AT&T Pro Am Golf Tournament ~ Pebble Beach Golf Links, Pebble Beach

The Monterey Peninsula is a “Golf Mecca”.  We have golf course after golf course – with a perfect golf course to suit every player’s need.  And we attract PGA tours – after all who wouldn’t want to come to Pebble Beach which looks glorious to the TV viewer from every camera angle.   Every February we enjoy the AT&T Pro Am Golf Tournament, however, this year is a double whammy ~  the US Open Golf Tournament has come to Pebble Beach for the third time in 19 years.

Tiger Woods, photographer unknown

This year something special is causing excitement and anticipation and there is only one word for it – Tiger.  Yes he’s back and after winning the Masters this year, his fans are hoping he can win here again this weekend.  Tiger has struggled with personal issues and serious injuries over the years and some critics thought he was done. But ever since his Augusta win, #Tigersback is a popular refrain.

Pebble Beach Golf Links Photo taken by Bob Borden                                                                                        \

As realtors we started planning for the US Open  months ago by creating innovative advertising for the print and digital media that would beguile and bewitch prospective buyers and invite them to purchase property while visiting the area.  During the tournament while the golf crowd heads for the courses, we’ll be manning our posts at the “Floor duty” desk or hosting numerous Open Houses at our listings hoping some of our visitors will stray from the event.  We hope to lure some of our golf enthusiasts to find the coveted prize – a home on the Monterey Peninsula.

Pictured here is 4103 Crest Road,  Pebble Beach, $1,375,000 5BR/3BA 3347 SF, Listing agent Susan Clark, Carmel Realty Company.  Call Susan for more information 831-320-6801.

We know that tournament goers will spend most of their time watching the play or playing golf themselves – and then, of course, time spent at the infamous 19th Hole.  In fact, keeping this in mind,  many companies are having parties and events including my real estate office, Carmel Realty Company, to entertain clients who have already purchased homes or who are considering it.  We hope that everyone will have such a good time here and at least pick up the newspapers and magazines touting our gorgeous homes and return at a  later time.

Pebble Beach Golf Links ~ photo by Bob Borden

There is nothing more beautiful than Pebble Beach on a clear sunny day and that’s what we are blessed with this week except for a little morning fog.  If nothing else our visitors will take home delightful memories of blue skies, sunlit courses and crashing waves, after bearing witness to some great golf.  Will Tiger win?  That is yet to be determined. Play on!