Sylvia's Real Estate Blog

Dear readers,

Maybe not every day, but I’d say 6 days a week I realize how lucky we are. Lucky to live on this beautiful peninsula. I passed a gentleman in Pebble Beach on one of my dog walks last week and he and I looked at each other, smiled and he said to me: “Isn’t this why we pay our mortgages every month?” You have to include this picture; we were walking by the Spanish Bay golf course, looking out over the blue waters of the Pacific Ocean, sun shining, whale spouts in abundance…

Anyway, I thought maybe you might be interested in a market update.

Pacific Grove

• Active  Homes: 77
• Active  Condos: 9

Since January 1, 2011: a very good start with 23 homes and 1 condo  into escrow. In  the same period 17 homes and  2 condo’s closed escrow.

Monterey

• Active Homes: 79
• Active Condos: 26

Since January 1, 2011: same excitement in the air, Monterey saw 25 homes open escrow and 10 condos. 19 Homes and 6 condos closed in these first weeks of the year.

Carmel

• Active Homes: 149
• Active Condos: 9

31 Homes pending, 5 condos since January 1, 2011. No closings this year so far.

Carmel Valley

• Active Homes: 112
• Active Condos: 17

25 Homes and 6 condos in escrow. 18 Homes closed this year, so did 6 condos.

The overall sentiment seems to be that if a property is priced right, the buyer(s) will present themselves.