TGIF...

New Listings - 8
- There is a 2/2, 1700 sq ft condo new to the market in the Salinas Monterey Highway area for $599K
- Looking for a business opportunity in the Golden Triangle of Carmel...a 4 room inn is on the market for $3.9M; it has 3, 1/1s and 1, 2/1 with the seller wanting to carry the financing - okay!

Reduced Listings - 7
- Average price reduction ~ $50K
- A 4/3.5, 4000 sq ft home on 2 acres came down $180k to $1.99M
- In Seaside a 3/2, 1200 sq ft home is down to $562K

Back on Market - 5

Pending in Escrow Listings - 4

Sold Listings - 6
- Average sale price below list was $660K, thanks to a big drop in a South Coast property that was listed for $9M and sold for $6.5M
- A 2/1, 800 sq ft home in Monterey sold for $565K

Expired - 1, Canceled - 3, Withdrawn - 2

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

Happy Thursday, and thanks for stopping by my real estate blog...

New Listings - 8
- Get a lot in Pacific Grove for $250K, but you'll have to wait for water...#24 on the wait list

Reduced Listings - 7
- Average reduction amount ~$50K
- In Seaside a ocean view fixer came down an additional $10K to $465K
- On the South Coast the Highlands a 3/3, 2950 sq ft home on just over an acre was reduced $200K to $1.695M

Back on the Market - 12

Pending in Escrow Listings - 8

Sold Listings - 5
- Average sale price below list price ~$790K
- There were a couple listings in Pebble Beach that sold significantly below list which caused the average sale price to be so big; take them out and the figure would be $11K; one home was a 4/4, 6993 sq ft on just over 2 acres that was listed for $5.9M and sold for $4.9M; the other home was a 5/4, 4400 sq ft on an acre that was listed for $7.85M and sold for $5M

Expired Listings - 3

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

And there off...2007 here we go! 

New Listings - 8
- 2 properties in Seaside look promising; a 3/2 1450 sq ft home for $625K...this looks really good and then there is also a 2/2, sq ft unknown, with ocean view for $480K; depending on the sq ft of this last home this could also be a really great deal; looks like we have some sellers looking to unload - buyers stay on target!

Reduced Listings - 8
- Minor price drops around the peninsula; average drop of ~$31K

Back on Market - 11
- Slowly the 100+ listings that have expired over the last few days are being relisted

Pending Escrow Listings - 8
- 3 properties on the Big Sur South Coast went into contract; one of which is a 3/2.5 4300 sq ft 9 acre ocean view estate listed for $12.9M
- 3 properties in the Salinas Monterey Highway area went into contract too; none as big as $12M, but there is one listed for $3.5M

Sold Listings - 5
- Average sale price below list price was $21K

Expired - 2, Canceled - 6, Withdrawn - 4
- Expired means the listing contract with the broker has reached the agreeded upon limit
- Canceled means the contract between seller and broker has mutually been ended earlier than the agreed upon expiration date; there still may be some broker stipulations that may have been agreed to by the sellers in the cancellation, however, usually a clean cancel is what occurs
- Withdrawn means that the listing has been removed from the Multiple Listing Service, however the listing contract more often than not is still in place and in affect

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

I hope everyone is recovering nicely from their night of partying or just simply enjoying the beautiful weather of the laceName w:st="on">MontereylaceName> laceType w:st="on">PeninsulalaceType>.  More of the same with day one of 2007...

New listings - 1
- A 2/1, 824 sq ft home in Pacific Grove listed at $789K

Pending - 1
- A condo in Monterey went into contract; a 1/1, 650 sq ft listed at $410K

Expired - 11

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

Happy New Year to you and yours and may all your real estate transactions be profitable!

New Listings - 0

Reduced Listings - 1

Pending in Escrow Listings - 14
- 3 homes in Salinas Monterey Highway and 3 homes in Pebble Beach went into contract; one of the Pebble homes was a $7.85M 5/4, 4400 sq ft estate
- Monterey saw 5 properties go into escrow 4 of which were lots

Sold Listings - 1
- Monterey had the lone closed escrow

Expired Listings - 96
- We'll see how many of these come back on the market over the next week or so...

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

The Holiday slow down has set in and we'll see if this will be the start of a quite January or a short lived pause.

New Listings - 1

Reduced Listings - 2
- An ocean view beauty in Pebble Beach near the Monterey Peninsula Country Club came down $80K to $1.696M

Back on the Market - 1

Pending Escrow Listings - 2
- Pacific Grove had a cozy 1/1, 600 sq ft property listed for $649K go into contract

Sold Listings - 1
- In Seaside a 2/1 800 sq ft property sold for $445K, $20K below list

Expired Listings - 16
- A lot of properties have been coming off the market lately as expired, canceled or withdrawn; we'll see if that brings the inventory levels down or if see the properties come back on early next year with reduced prices

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

Happy Birthday to my daughter Maggie!!

On the last business day of 2006, here is the daily real estate activity for the Monterey Peninsula:

New Listings - 18
- Another bunch of new homes came on the market today in Marina; 10 new homes that are complete and ready now vs the other set of Marina homes that will be complete in Jun 07.  These new homes are primarily 3/2.5s all 1500+ sq ft, ranging in price from $644K - $699K

Reduced Listings - 2

Back on Market - 1

Pending in Escrow Listings - 6
- In Pebble Beach as I reported in a previous blog, an awesome lot was available - not any more.  It went into contract today

Sold Listings - 10
- Average sale price below listing price was $118K

Expired, Canceled - 2

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

What were people shopping for the first half of December?  Well as you can see there was a lot of things going on in the real estate market on the laceName w:st="on">MontereylaceName> laceType w:st="on">PeninsulalaceType>.

New Listings
- 75 properties

Increased Prices
- 9

Reduced Prices
- 59

Entered Escrow
- 64

Fell out of Escrow
- 12

Back on the Market
- 13

Sold
- 53

Expired, Canceled, Withdrawn
- 109

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

Where did the month of November go!?!? It has been a beautiful fall here on the laceName w:st="on">MontereylaceName> laceType w:st="on">PeninsulalaceType>...very sunny and clear, which means some cold nights and mornings - we've got to have something to remind us it is in fact WINTER!

Here is the low down on real estate activity as we wrap up November 2006...

13 New Listings
- 3 of which were from Seaside ranging from $610k - $675k; 3/2 homes in Seaside seem to be staying above the $600K mark; we'll see if this continues to hold out, as Marina has already seen several 3/2 homes drop down into the high $500Ks.
- Pacific Grove has a new 2/2, 1267 sq ft condo available in a great location convenient to shops, the beach and highway 68 access; going for $625k.
- The famed Golden Triangle of Carmel has a 2 lots available; both with utilities and a stones throw to the laceName w:st="on">CarmellaceName> laceType w:st="on">BeachlaceType>; offered at $1.695M for each lot.

15 Reduced Listings
- An awesome home in the heart of the Pebble Beach, Monterey Peninsula Country Club neighborhood has seen a reduction in price; this 3/2 1900 sq ft home is right around the corner from the Club house; available now for $1.1M
- On the Big Sur Coast there was a big price drop...from $3.9M to $2.1M...time to get serious on selling this 166 acre redwood, ocean view lot.
- In Monterey, near downtown and the Defense Language Institute (DLI) Franklin Gate, there is a Triplex that came down $130K to $1.065M.

9 Pending in Escrow Listings
- A 2/2 mobile home in Seaside going for $30K was picked up...
- there was a good spread of homes that went into escrow; 4 homes between $1.2 - $1.7M found new owners and there were 3 between $488K - $675K also found buyers.

7 Sold Listings
- Average price below asking was $67K
- In Monterey a 7 unit apartment building sold for $1.05M...$200K below list price - there are opportunities out there, case in point!

10 Canceled, Expired, Withdrawn Listings

Visit my website at http://www.montereybayliving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C