Introduction to Homes in Carmel .com
We designed Homes in Carmel .com to be easy to use and to give full access to search property details including photographs with the minimum of form filling. Our goal is to provide the highest level of service to sellers and buyers of homes in Carmel and Pebble Beach. Real estate mls information, including daily updates on new listings, is available not only for Carmel and Pebble Beach but for homes in Carmel Valley, Monterey, Pacific Grove and surrounding areas.
Carmel & Pebble Beach Real Estate News for Feb, 18th 2012
Monthly home sales and median price data don't tell the full picture about the real estate market in Carmel or Pebble Beach. To help you get a better understanding of market performance we publish this weekly summary of luxury real estate transactions for Carmel and Pebble Beach.
Homes in Carmel are still outselling real estate in Pebble Beach. Overall the Carmel real estate market seems to be stable. In total there were five new listings and four sales this week. The first three listings for homes in Carmel are, on Camino Real & 11th for $1.995M, on San Lucas Rd. $999K, on Tolando Trails for $1.175M. The final two properties are, on Santa Rita & 1st for $675K and on Yankee Point Dr. for $5.995M. This last home has spectacular 180 degree white water views.
After last weeks push for the AT&T there were only three new listings for Pebble Beach, on Arrowhead Rd. for $740K, on Stevenson Dr. for $1.995M, and on Sloat Rd. for $895K. The AT&T did seem to drive considerable interest in the Open Houses and hopefully this will turn into sales.
Six homes decreased in price, continuing to fuel buyers believe that there is still bargains to be had. In Carmel three homes had a price decrease, on Greenfield Pl. from $1.7 to $1.5M, on Lazarro Dr. from $1.05M to $825K, and on Santa Rita & 3rd from $829K to $809K. The remaining three homes were in Pebble Beach, on Padre Ln. from $2.395M to $2.095M, on San Carlos Rd. from $1.699M to $1.625M and on Vaquero Rd. from $987K to $895K.
To directly quote Louis Cammarosano, general manager of HomeGain, “home buyers and sellers continue to remain apart as to home valuations with the vast majority of home owners thinking their homes are worth more than their agents and the market are telling them.” Based on this it looks like there is still leeway for Home Buyers to negotiate on price, and buyers who offer cash are in a really strong bargaining position. Buyers with loans need to be pre qualified and ready to buy or risk a lower cash offer winning the sale.
This week there were four homes in Carmel that sold and two in Pebble Beach. In Carmel a home on Rio Vista Dr. for $1.1M after 172 DOM (Days on Market), on Flander Pl. for $470.25K after 20 DOM, on Carmelo & 10th for $1.3M after 41 DOM, on Camino Real & 8th for $1,999,688 after 4 DOM. Reflecting that Carmel real estate can sell quickly when priced correctly. The Pebble Beach Real Estate sales were on 17 Mile Dr. for $2.675M after 200 DOM, and an REO on Oasis Dr.. for $1.371M after 3 DOM. A mix of short and long days on the market.
For a larger picture of sales of homes in Carmel, 65 homes have sold in the last 120 days (10/21/11 to 2/18/12). Ranging from $8,100,000 for a home on Scenic & 8th to $323,000 for a REO on Mission & 4th. 39 homes in Carmel were $1M or under and all of these homes were west of Highway 1.
Track the trends for Carmel Real Estate
The 120 day sales data for homes in Carmel has been moved to the blog, so you can track the sales over time. - Carmel Real Estate data.
Featured Homes in Carmel
S1,195,000 - 3 Bedrooms - 3 Bathrooms - 1745 sq ft.
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