Living the Monterey Peninsula lifestyle
Long walks along Carmel's scenic coastline... Playing golf at Pebble Beach's finest resorts... Enjoying fabulous sunsets at Lover's Point in Pacific Grove... Living in one of the most beautiful places in the world is a dream for many. Making this dream a reality is my business and a quality real estate experience is paramount. Buyers receive personalized service to find the perfect home of their dreams, sellers benefit from the finest representation specific to their property.
**PROVIDING TOP NOTCH SERVICE IS MY MISSION**
Welcome to my website, a one-stop resource for buyers and sellers. Sellers, find out what your home is worth: Buyers, get local neighborhood info and real estate listings. Explore the local real estate and community information on my market report below or join my facebook page at www.facebook.com/LaurelJaquesCarmelPebbleBeachPacificGroveRealtor
REAL ESTATE COMMUNITY INFORMATION AND EVENTS BLOG
REAL ESTATE UPDATE:
First of all, let me say Happy New Year! Hope you had a wonderful holiday season! At year end I like to take a look at the prior year in real estate on the Monterey Peninsula. Here is what happened in 2016...
Activity remain strong throughout 2016 in comparison with 2015. All markets showed an above average number of sales with Pacific Grove and Monterey markets showing less total sales in 2016 compared to the prior year. Both Pebble Beach and Carmel showed an increased number of sales. This may be attributed to the fact that Pacific Grove/Monterey has been a very hot market for the past few years and is starting to show a natural slowdown. On the other hand, Carmel/Pebble Beach sales were slower to pick up and are still continuing strong. Price appreciation is showing a different story. All Markets are showing at least a 10% appreciation (Carmel is 14%) with the exception of Pacific Grove which is only showing a 1% appreciation factor. This further carries the assumption that the Pacific Grove market which has been so hot for a number of years now is starting to stabilize in values and activity. Days on market still remain a continuum of the 2015.
What is to come for 2017? That's a good question! Interest rates are finally starting to creep up which will tend to slow activity in certain markets and price ranges. We can expect non-interest rate sensitive areas to continue their upward climb, particularly in their appeal to second home/retirement home buyers. Though interest rates are still very low...around 4.5% at this writing, there are many buyers who are still very interested in purchasing homes.
NEW LISTING - Move-In condition in Golden Horseshoe
Charming mid-century bungalow on a large 8712sf lot. Situated on a quiet street, this home has updated kitchen and bath and is in move-in condition to enjoy as is or ready to expand to a larger home. Brand new exterior paint and garage door. Remodel in 2010 includes new windows, french doors, kitchen and bath counters, appliances, flooring, fixtures, upgraded plumbing and electrical. Oh yes and a 2 yr new water heater. What more could you ask for? Don't miss this opportunity for a prime location and an expansion potential!.......$450,000
For more info see under Featured Listings
NEW LISTING- Fantastic Opportunity-- 1/2 Acre on the Dunes of Asilomar
In a prime location just one block from Asilomar Beach, discover this delightful mid-century modern home among the dunes of Asilomar. Relax in a quiet coastal retreat with a peaceful setting, situated among the pines, yet only a short distance from historic downtown Pacific Grove and world famous golf courses. On cool evenings warm by the fireplace and enjoy the sound of waves crashing at the beach, on sunny mornings sip coffee enjoying the view from the picture window. Situated on a fantastic half acre parcel, a private oasis with views of the dunes, to enjoy as is or explore its future potential. Whether a full time residence, vacation or second home, this charming home has a location that can't be beat! ... $1,049,000
For more info see under Featured Listings
Monterey County Fair now to September 5, 2016
Fun for everyone! Great food, rides for the kids, music, exhibits and of course the Pig Races! montereycountyfair.com
Fabulous Concours d'Elegance Week August 15-21, 2016
Enjoy the ultimate in car shows, the Concours d'Elegance comes to the Monterey Peninsula this week with car auctions and culminating in the fabulous show on the green at Pebble Beach Golf Course on Sunday. For info:
YEAR END REPORT -- JANUARY TO JUNE, 2016
Here we are halfway through the year! A good time to review what our Monterey Peninsula real estate market has done so far in 2016...
Nothing seems to be slowing down the market activity in the Monterey Peninsula cities this year! Activity continues to be strong with a similar number of sales this year compared to the last 6 months of 2015. If fact ...in all markets list price to sales price ratio remains constant, days on market , the only thing that has changed is...the prices! This year seems to be a carbon copy of last year with good sales activity and increasing prices. There are a few differences:
Carmel-by-the-Sea has picked up the pace from last year where it lagged behind, and powered ahead of the pack with an amazing 17% price increase in the past 6 months! If you remember Carmel had been stagnant and in fact had shown some softening of values. Not so this year, with a solid price appreciation and a list price to sales price ratio of 95% with an average of 84 days on market. Average sales price is $2,011,156
Another surprise... Pacific Grove has stabilized and though it continues to have a very busy market, is showing little price appreciation at 1% for the year. List price to sales price ratio is 98% with 53 average days on market. Average sales price is $935,227.
Remaining the same with a slow but stable price appreciation is Monterey, with a reasonable 5% appreciation in the past 6 months over the prior 6 months. Average list price to sales price is 98% with 43 days on market and an average sale price of $783,618. Pebble Beach has also remained the same with .07% appreciation. Average list price is $1,881,981 with 94% list price to sale price ratio and 99 days on Market.
Looks like the days of price DEpreciation has ended and we are experiencing a nice period of appreciation again now for several years in a row... And we all hope it stays the way!!
CARMEL HERITAGE SOCIETY HOME TOUR ~ JUNE 25 ~ 1-5PM
For Carmel's 100th birthday, the 35th annual Carmel Heritage Society
House and Garden Tour will include some very special homes and gardens:
The Dune's, the first house built in Carmel in 1846
The First Brick House, built in 1898 by Benjamin Turner
The Greene Studio, home of architect Charles Sumner Greene
Villa Scimmia, built by M. J. Murphy in 1926
Curtain Calls and Second Act, built by Hugh Comstock in 1929
Church of the Wayfarer Garden
Frank Lloyd Wright House on Scenic built in 1952
GOOD OLD DAYS, PACIFIC GROVE ~APRIL 9-10 ~ COMMUNITY EVENTS
This weekend is Good Old Days a weekend filled with events, fairs, music and parades ~
AT & T GOLF TOURNAMENT, PEBBLE BEACH ~ FEBRUARY 8-14 ~ COMMUNITY EVENTS
AT & T Golf coming up this week! Lot of pros and celebrities alike, Come and join the fun!
Laurel Jaques ~ The Jones Group Coast and Country Real Estate ~ 216 17th St Pacific Grove, CA