Monterey Peninsula Real Estate Blog

Information about Monterey Peninsula Real Estate including new MLS Real Estate Listings by the Monterey Peninsula Home Team of Homes, Condos, Vacant Land, Foreclosures and Short Sales for sale in the Monterey Peninsula Cities of Monterey, Pacific Grove, Pebble Beach, Carmel, Carmel Valley, Seaside, Marina and the HWY 68 Corridor.

Plus anything else we want to write about ;-).

Dec. 13, 2018

Happy Holidays From the Monterey Peninsula Home Team



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We just wanted to reach out and wish you happy holidays and a merry Christmas. We also want to thank you for your support throughout a fantastic 2018. I hope you have a great holiday season wherever you are and beside whoever you're with. From our entire Monterey Peninsula Home Team, we hope you have a great time this year spent with loving friends and family. To learn more, watch this short video.
Posted in real estate
Dec. 10, 2018

Are We Experiencing a Market Shift?



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You may have been hearing Realtors talk about a shifting housing market here in California and across the nation. What you’ve heard is true…Even on the Monterey Peninsula!

After seven years of home value appreciation, the local seller’s market is shifting toward a buyer’s market. If you’ve been trying to buy a home in the past in the cities of Monterey, Pebble Beach, Carmel, Pacific Grove, Carmel Valley, Seaside, Marina and even the Hwy 68 Corridor, you may have noticed that there’s been low inventory available and that new homes are being sold almost instantly.

However, in all of these local markets, this inventory is beginning to build up. For the first time in a while, serious sellers are having to lower their prices in order to attract buyers.

Buyers now have more choices with inventory and can find homes with more reasonable prices. Thanks to the market shift, it’s a great time to begin making offers on properties.

A market shift brings a lot of new decisions to the table, so if you’ve been uncertain about what you should do in your situation as a buyer or seller, reach out to us. We can give you specific information about our local markets and help you make an informed decision in real estate, as well as answer any questions you may have. We look forward to hearing from you soon.

 

Posted in real estate
Dec. 6, 2018

Pebble Beach Concours Raised Record $2 Million For Local Charities

This year’s Pebble Beach Concours raised a record $2 million in charitable giving.

That was the tally announced by Pebble Beach Company CEO Bill Perocchi at a celebrity luncheon in mid-November. Perocci said that the $2,112,980 that was raised and is being distributed to local charities is up from the $1,900,461 raised in 2015.

Through its primary charitable partner, Pebble Beach Company Foundation, Concours funds support more than 80 local nonprofit organizations, many of which focus on youth education, particularly literacy.

“These nonprofits help us put each dollar where it will have the most benefit, and as a result, are directly impacting our region for the better,” said Perocchi, noting that The Foundation believes education changes lives and that all children deserve access to exceptional educational opportunities.

Since its founding in 1950, the Concours has now raised more than $27 million in charitable donations that go to local charities.

2018 Pebble Beach Concour winner

Charities that benefit directly include Montage Health and the Salinas Valley Memorial Hospital Foundation, the Boys & Girls Clubs of Monterey County, the Natividad Foundation, the Kinship Center and United Way Monterey County.

“People think we’re all about cars but the car world is really all about people,” said Concours Chairman Sandra Button. “Behind every great car there are a great many people — designers, mechanics, drivers, caretakers … In addition to our entrants and judges, more than 1,200 people volunteer their time to make this event a success.”

Efforts to raise charitable donations for the 2019 Concours, which is scheduled for Sunday, Aug. 18 and will feature centennial celebrations for Bentley and Zagato are already underway. It will take place during the 100-year anniversary of Pebble Beach.

The Monterey Peninsula Home Team members Mark Bruno, Jeff Davi and Teresa Bruno supports the Pebble Beach Concours each year by volunteering at this event and many others during the year.

For information or to make a donation, go to www.pebblebeachconcours.net

 

Search for Pebble Beach real estate for sale.

How much is your Pebble Beach home worth?

 

Nov. 23, 2018

IMPOWER 10th Anniversary Luncheon at Pebble Beach

While our ethnicities, ideologies, and religious affiliations can all define us, our identities are always changing throughout our lives and we need to be able to change with them.

That was the main message from Friday’s 10th Anniversary Fall Impower luncheon sponsored by the non-profit that aims to support and inspire women professionally. (IMPOWER stands for Inspire, Motivate, Prepare and Organize Women to Engage and Reinvest.)

With 400 in attendance including Monterey Peninsula Home Team's Linda Dorris and Rachelle Razecca, Friday’s event was held at the Inn at Spanish Bay in Pebble Beach and featured former KSBW news anchor Dina Ruiz as its main speaker. It was emceed by KSBW’s Drea Blackwell.

Founded by D'Arrigo and Cathy Schlumbrecht in 2008, IMPOWER is a grassroots effort for unlocking the potential of women in the Salinas area. It's led by local women who have made an impact in their businesses and in the community.

The event's beneficiary was the Kinship Center, for which Ruiz has been involved with for the last couple of years. The California nonprofit agency creates and supports permanent families for children through adoption, relative caregiving or other guardianship.

“It's a wonderful way to kick-off our national adoption month of November,” said Doreen Luke, noting that the organization was honored to be the featured non- profit organization this year.  

The month is an initiative to increase national awareness and really bring attention to the need for permanent homes for children and youth

For her part, Ruiz focused on exploring one's identity, the identities that we put on ourselves and the ones that others put on us. She also shared those roles in life that we choose to keep and those we choose to shed. 

“There’s a little bit of discomfort (after a loss or a change) but you can live through it and it’s very worth it,” said Ruiz.

Ruiz herself has had her own share of identities and transformations, both publicly and personally. It’s a topic she explored on a deep level in the thesis for her master's degree in creative writing she recently completed at San Jose State University. She approached the project not as a memoir but as a more in-depth investigation of the phases and personas of her own life.

Besides her former role as news anchor, she is also the former wife of Clint Eastwood and has starred on E! Entertainment’s reality documentary TV series “Mrs. Eastwood & Company.”

Currently, Ruiz is a columnist and writer for Carmel Magazine and Coastal Canine Magazine. She has been married to her husband Scott Fisher since 2016. The two share daily life with their five dogs.

Ruiz spoke of the different transformations in her own life – from people pleaser and being conscious of her mixed ethnicity to news anchor, being the wife of one of the most famous people alive and then feeling like the rug had been pulled out from underneath her when that relationship ended. She also reminisced about becoming an empty nester when her daughter went off to college.

“You are a mixture of what you’ve strove to achieve …but mixed in are all those perceived hardships and those aspects of identity that have settled in now like cement into bricks that seem to show cracks as you get to a certain age,” she explained.

Yet throughout her life, she said she managed to keep a certain sense of herself and that’s what saved her.

I had done something smart along the way – I had kept my identity the whole time – I kept my friends, family, my politics. I was never offended I was called Clint’s wife because I knew I was me,” she said.

Ruiz stressed the value of continuing to learn, staying up on trends and doing things you haven’t tried before.

An avid yogini, it was while she was teaching yoga at the Boys and Girls Club of Monterey County, that she was asked to speak at the event.

“We wanted someone that had a big name for our final luncheon of the year and we love what she's doing with students at the Boys and Girls Club,” said IMPOWER founder Margaret D'Arrigo.

For her part, Ruiz said that teaching those 13-year old kids yoga is one of the things she’s most proud of doing.

She also said she now knows the hallmarks of what she wants her identity to be moving forward, which is authenticism, staying active physically and mentally and remaining a contributor to society.

Some of her pointers were “Don’t think ‘I can do it all’ because that is a lie - so take the great time you can have with your kids over the messy house.  Stoicism is fine but so is vulnerability. And if your identity is all sharp edges, why don’t you think of how you can curve some of those out a little bit?”

“Decide what still works for you and what makes you proud and figure out what roadblocks can be moved,” said Ruiz, who received a standing ovation when she was finished speaking. “Please think about modifying things that don’t serve you any more … … I promise you will be happier for it.”

 

 

Nov. 21, 2018

Pacific Grove Got A New Mayor

Pacific Grove Mayor Peake

Pacific Grove got a new mayor when the city’s current councilman Bill Peake captured 42 percent of the nearly 5,000 votes counted as of early Wednesday morning, the day after the Nov. 6 election

He outpaced Pacific Grove Councilman Rudy Fischer (33 percent) and Dionne Ybarra (25 percent).

Peake,  67, who has served on the PG City council since 2014 and chose to skip a second council term in favor of a run for the mayoral role, said he was relieved the campaigning was over. 

The former engineering consultant for Chevron also served four years on the city’s recreation board and various other regional boards. He strongly endorsed Measure M to limit the city’s short-term rentals and was in favor for raising the transient occupancy tax.

“I’m very happy to be taking on a new role for the community,” said Peake, noting that the city council wins of Jenny McAdams, Amy Tomlinson and Joe Amelio would really change the council make-up going forward.

“We’re losing folks with a lot of years of experience and bringing in new people with very different backgrounds and viewpoints,” said Peake. “It’s going to take time for the new council to gel and for people to understand each other and figure out how we’re going to do good things for the city.”

Peake’s platform focused on supporting public safety agencies, ensuring the Pacific Grove’s financial stability, advocating for environmental protection and adding rental housing stock.

In terms of the environment, protecting the coastline is especially important to him and he hopes to help the city partner with more environmental groups.

He also believes Pacific Grove can increase rental and affordable housing with an inclusionary housing ordinance that encourages mixed-use buildings and gives variances to developers. He would also like to form a housing trust and use developer fees and transient occupancy taxes for developing affordable units.

As for fellow mayoral candidate Fischer, he said he gave the run his best effort. “None of the issues are that big. We live in one of the most beautiful places to live,” said Fischer, about his appreciation for residing in what’s known as “America’s Last Hometown.”

Three New Pacific Grove City Council Members

In the city council race, Amy Tomlinson (19 percent), Jenny McAdams (18 percent) and Joe Amelio (15 percent) were the top three vote getters among the seven candidates for the three available seats.

Tomlinson said she felt confident in all seven people running – that they’re all “really talented and that the city couldn’t go wrong with any of them.”

Still, she was more than pleased about her own win.

“I’m happy and excited,” Tomlinson said Tuesday night from an election event at the Monarch Pub and Restaurant in Pacific Grove. 

The mood was also celebratory at The Wine Experience, on Cannery Row in Monterey, where McAdams’ gathered her community of supporters, friends and family.

“I’m feeling very grateful, proud, and exciting,” McAdams said. “It’s been the most amazing experience.”

McAdams was also celebrating that Measure M, the short-term rental bill, had also taken an early lead and noted her desire to start a renters assistance program.

“I want residents to feel supported and listened to,” she said. 

Amelio, 65, who also gained a city council seat, grew up in New Monterey, worked as a police officer in Gilroy and then went on to be a business owner and work as a teacher, principal and superintendent in the Bay Area. He moved back to P.G. six years ago where he currently serves as vice chair of the city’s recreation board and on the board of directors for the Italian Heritage Society.

Nov. 16, 2018

Measure M Pacific Grove Short Term Rentals Passes

If you’re purchasing a home in the residential zone of Pacific Grove don’t expect to be renting it out as a short-term rental in the near future. 

Pacific Grove beach house located in the now restricted Short Term Rental area

After months of city council debates, a citizens’ initiative and a controversial lawsuit, on Nov. 6 the voters of Pacific Grove passed Measure M, an initiative that limits short-term rental restrictions within the city.

The measure, titled “The Initiative to Preserve and Protect Pacific Grove's Residential Character,” was brought forth by the public action committee Pacific Grove Neighbors United. 

It was created to limit short-term vacation rentals in the city's residential zone, however rentals will still be allowed in the coastal zone and commercial districts. It also won’t affect homeowners occupying their homes while renting out a room. 

P.G. resident and one of the initiative’s committee members Thom Akeman said the measure passed because of over 10 months of hard work on behalf of those that want to keep their neighborhoods residential.

“We stuck to the plan from the beginning and gave honest information to the voters of Pacific Grove,” he said. 

His fellow resident Luke Coletti along with residents Elinora Susan Mantovani and Karin T. Locke introduced the proposed initiative back in January. It was then officially certified for election in late May after easily collecting over 1,600 signatures. In June, the City Council approved it for the November ballot.

Akeman said the STR issue was actually a zoning issue all along. 

“Our City Council stopped paying attention to the residents and gave more attention to the out-of-town investors and so we had no choice but to do a ballot initiative,” he said. “The community won.” 

Those behind the measure included residents who view STRs and their tenants as disruptive and overrunning their small town and changing its character. There are also organizations like the Pacific Grove Chamber of Commerce concerned that such vacation rentals are negatively affecting the town’s inns’ and hotels’ business.

Those against the measure have been mostly property owners expecting to use their property as they choose, some wanting or needing the income from STRs to pay their bills and rent or mortgages.

Others have taken the view that short-term rentals and the guests they welcome allow the city's scenery and charm to be shared more widely and that keeps the town a more vibrant destination.

The program was originally created as a short-term experiment but as it evolved, so did opinions from both sides of the aisle. Multiple planning commission and council meetings took place to address resident complaints. That's while property owners still wanted to maximize economic use of their properties and made the point that STR users could be better for a neighborhood than certain renters were.

Still, actions were taken to reduce the concentration of STRs, streamline the licensing process and improve code enforcement. Eventually, the council set a cap on licenses at 250 and limited the number of STRs in each residential block to no more than 15 percent. A “zone of exclusion” was also established to ensure no single STR was allowed within 55 feet of a parcel on which any other STR was located.

 

Tension Continues in Pacific Grove Over Measure M

Despite the revisions and current policy, tensions continued to grow between residents. For the city, the STR program means anywhere from $1.5 to $2.2 million in transient occupancy tax and associated fees. It’s badly needed revenue for a city with infrastructure improvement needs and mounting pension costs.

“We have a plan if “Yes” wins and if “No” wins,” said P.G. resident Joy Colangelo, on election night, noting that if “Yes” did win, those for STRs would write another initiative in a year or so to try to get STRs back. 


Since Pacific Grove first started allowing short-term rentals in 2010, officials have adopted five separate ordinances to regulate them. The council even held a lottery when earlier this year the city had issued 289 STR licenses, which was over the 250 cap. 

While the council felt it was the most fair and equitable way to determine which STRs would lose their licenses, those who lost them thought it was the antithesis to fairness. Colangelo called the process “tragic for a lot of people” and described its similarity to Russian roulette. 

“That's not how to administrate,” she said. Still, the city had become obligated to conduct the process after the lottery became part of the amended ordinance in February.


Meanwhile, residents on both sides decided to take matters into their own hands.

Pacific Grove Neighbors United succeeded in getting Measure M on the November ballot. That's while the group StrongPG, of which Colangelo was a member, filed a lawsuit in April seeking a motion for a preliminary injunction that would have stopped the May lottery from occurring while an earlier complaint filed against the city in regards to the revised STR ordinance was being investigated.

On May 11, Monterey County Judge Marla Anderson ruled that the rights of landowners are subordinate to governments having the right to make decisions for the good of the community.

Then, LandWatch Monterey County, a non-profit devoted to land use policies endorsed “Yes on Measure M” as did the Monterey County Hospitality Association, the Monterey Bay Action Committee, the Monterey County Business Political Action Committee, the Monterey Peninsula Renters United and Unite Here Local 483.


That's while the Monterey Bay Central Labor Council (the local arm of the AFL-CIO) came out against the measure, noting that if it passed it would eliminate hundreds of service jobs in Pacific Grove and negatively affect the area’s tourist industry and hospitality workers.

Time will tell what impact the measure passing will have on America's Last Hometown.

Nov. 12, 2018

Carmel Valley Horse Property for Sale

Carmel Valley Horse Property for Sale

Listing Details

 

Contact Mark Bruno (831) 917-8190 with the Monterey Peninsula Home Team to see if this dream equestrian property in Carmel Valley is still available and to arrange a showing. 

Carmel Valley Luxury Home and Equestrian Property For Sale

Carmel Valley Equestrian Property at 56 West Garza Rd                               

Carmel Valley Equestrian property for saleLocated just 12 miles from quaint Carmel-by-the-Sea, this completely custom-built Carmel luxury equestrian estate is the perfect home for the family that loves gatherings and equine pursuits. 

The 3+ bedroom, 3.5 bath Carmel Valley horse property sits on a flat 2.1+ acre lot that includes a horse arena, tack, feed rooms, and four horse stalls. The front of the Carmel Valley luxury home displays a charming Plantation-style balcony and ample front yard.

Walking in the front door is entering a cozy, yet formal living room space with abundant light and a beautiful marble fireplace accented nicely by Craftsman-style wainscoting built-in shelving and half-wall in the adjoining dining room. The dining space also features hardwood flooring and a glass-etched skylight that has 56 West Garza Rd Carmel Valley, CA 93924 Carmel Valley Real Estate for salethe capability to light up its exterior at night. 

Completely renovated in 2002, the 3,879 square foot Carmel Valley luxury home for sale features radiant heat stone flooring throughout.  A rarity in this mostly temperate climate, air conditioning is also an amenity for those warmer days. 

The kitchen, which conveniently looks out over the backyard of this horse property, includes the heated stone floor for early morning trips to the coffee maker. It also features custom cupboards, granite countertops, and a professional-grade Viking stove. The custom tile bronze backsplash melds well with the counter’s earth tones and the kitchen’s overall light and airy feel. It also includes a breakfast bar while the adjoining nook/eating area features a large window with craftsman style molding and another half wall of wainscoting. The window overlooks a direct Horse property for sale in Carmel Valley, CA 93924view of the equestrian grounds and a garden shrub archway of this Carmel Valley equestrian property for sale. 

A built-in butler’s pantry is just off the kitchen with a spacious laundry room and washer/dryer hook-ups as well.

Around the corner is a carpeted more rustic-oriented family room living space in view of the classic stairwell with spindle railing that leads upstairs to the master suite.

Downstairs there is also a conveniently located mudroom for the just dismounted rider and those going in an out to the equestrian arena and horse stalls. It also includes a half bath with a class vintage claw foot tub. There is also an abundant storage room that can be utilized in a multitude of ways including as a wine cellar and a large guest suite with walk-in closet.

The upstairs of this Carmel Valley luxury home for sale centers on a gorgeous master suite that’s spacious fully carpeted and includes its own fireplace, lofty ceilings and a sliding glass door that leads to an outdoor patio with views of the pristine property. It also includes a sitting room and a large walk-in closet.

From this spacious sanctuary enter into a master bath that features a double sink vanity with marble counters, full-length mirrors, and marble tile flooring and a sunken tub, encased in marble framing.  

This Carmel Valley luxury equestrian property has an additional room connected to the master suite with its own sliding glass door that leads to an outdoor balcony is suitable to be used as a gym, nursery or office. 

Nearby, a brightly lit room with large corner windows that served as an office features a stone fireplace, hardwood floors and a dark wood shelving sectional, which provides that formal fell of an office environment. This room could also serve as another bedroom or nursery.

Other upscale features in this beautiful country home and Carmel Valley equestrian property include a three-car garage (with the third garage stall separated) surround sound and a state-of-the-art central vacuum system.

Located in a coveted neighborhood with other equestrian properties and amidst surrounding vineyards and rolling hills, this equestrian’s dream home sits on more than two acres.

Because it’s completely irrigated, the Carmel Valley horse property could easily be designed to include a private vineyard for those wanting to dabble in winemaking or the more serious vintner.

As you enter the back property a rustic stone chimney from the indoor fireplace is visible and a stone fire pit perfect for outdoor gatherings and get-togethers around the fire is built into the outside patio. Exterior features include reinstated copper rain gutters and lighted grounds. The four horse stalls all conveniently have electricity.

There’s both a tack and hay room that allow for horses to be washed and are also conveniently located with gate access to the driveway for loading and unloading. It also provides good horse trailer access. There’s also room for extra trailer parking.

Overall, this serene and secure Carmel Valley equestrian property is designed very strategically and sits on a rare piece of level ground for its size.

The Carmel Valley luxury home for sale is also located in the coveted Carmel Unified School District and close to the Carmel Valley Trail and Saddle Club that encourages equestrian activities of all kinds. There is also easy access to Garland Ranch Regional Park and its myriad nature trails. 

That’s while still being close to the quaint Carmel-by-the-Sea and the plethora of attractions and amenities of the other Peninsula cities. 

 

Carmel Valley

Just a short drive from Carmel-by-the-Sea, Carmel Valley offers the beauty of green rolling hills, pastures, and grapevines. Tucked away in this area known for its sunlight, vineyards and wine-tasting opportunities are some unique luxurious real estate opportunities including spacious custom estates and sprawling equestrian properties. It’s the perfect location to leave all the stresses of city life behind and feel the comfort of the country life, but still be close to restaurants and other needed amenities.  

Search for other Carmel Valley luxury homes like this one.

 

Nov. 1, 2018

Which of the Top 3 Monterey Peninsula School Districts is the Best?



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There are three major school districts here on the Monterey Peninsula: the Monterey Peninsula Unified School District, the Carmel Unified School District, and the Pacific Grove Unified School District. But, which is the best?  

Actually, all three of these districts are great; the main differences between them boil down to test scores and diversity.

Pacific Grove schools have historically been the most highly ranked in the Monterey Peninsula, and this continues to be the case today. And in the last decade or so, Carmel schools have also received high praise.


Each of these districts has their advantages, so don’t discount one based on area home values alone.



As you may already know, school districts can have a major impact on real estate values. Pebble Beach is a key example of this. However, take these variations in value as they correlate with school districts with a grain of salt. Each of these districts has their advantages, so don’t discount one based on area home values alone.


If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.

 

Check out the top public and private schools around the Monterey Peninsula.

 

Oct. 23, 2018

Where Should You Go Trick-or-Treating in the Monterey Peninsula?




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Today we’re excited to tell you about the best places in the Monterey Peninsula to take your kids trick-or-treating this year. There are several areas that are coveted by children and their parents alike.

For starters, Pacific Grove’s Candy Cane Lane is not only a great place to be during Christmas time, but it’s also a fantastic spot to trick-or-treat on Halloween. Last year, one of our friends who lives there gave away over 3,000 pieces of candy, which tells you something about how many people flock to this small community during this time of year. People drive from all over to go to Candy Cane Lane.

Another great area is Fisherman’s Flats in Monterey. It’s a great area to walk around in and another community that sees huge traffic on Halloween.

Next, we have the Carmel Valley Village, which we’ve been to many times around Halloween time. We have friends who live out there as well and I can remember kid after kid after kid coming to the home as we sat in the backyard around a fire. I got there late one year and saw the traffic firsthand. It’s another big hot spot for trick-or-treaters.

Finally, Del Rey Oaks was a great area for trick-or-treating when I was little and it still is today.


Del Rey Oaks was a great spot when I was a kid and it’s still a great spot today.


 

As you can see, there are plenty of great places to take your kids this Halloween. If you have any questions for us, need directions, or want any advice if you’re thinking of moving to one of these areas, don’t hesitate to give us a call or send us an email today. For more information on past Halloweens in the Monterey Peninsula, check out an older blog postWe look forward to hearing from you soon.

Posted in real estate
Oct. 2, 2018

Is It a Good Idea to List During the Holidays?


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Many people think that around the holidays, the market just stops and turns off. But that’s just not true.
 
The truth is that people are always looking for real estate, no matter the time of year. If anything, buyers that are out over the holiday season are more serious than some of the second- homebuyers that we have during the year. People who are out spending their time over the holidays looking at homes would obviously rather be doing something else; you won’t get as many looky-loos during this time of year.
 
As a seller, you’ll have less competition since many people take their homes off the market, thinking it’s a bad time of year to sell. Or it could be that sellers who aren’t that serious might not want to balance the inconvenience of selling a home with preparing for the holidays. But if you want to take advantage of the fact that there are serious buyers on the market during the holidays, then it’s a great time to sell
 
All the national experts seem to agree that our market is heading toward a shift. We’ve seen price increases for about eight years, inventory increase, and buyer activity slow down; normally, real estate cycles in California last eight to 10 years before they shift, so the activity we’ve been seeing is just a signal that things are slowing down naturally. 
 

Many people think that around the holidays the market just stops and turns off. But that’s just not true.



It’s hard to say if the shift will impact the Monterey Peninsula, but we are one of the most beautiful places in the world, and we’re always in demand. If you wait until next year to act, you may miss an opportunity in 2018. Mind you, we don’t have a crystal ball, but going on what the experts have been saying coupled with our feelings of the market, we suggest that you get on the market sooner rather than later. We don’t know what the future holds for the market.
 
If you’re a seller and have questions about what your home is worth, reach out to us. On our website, we have a home valuation link that will give you an automated estimation of your home’s value. For an even more detailed analysis, we can personally come to your home and look at any upgrades you’ve made to compare it to other comparable homes that have sold in the area. We hope to hear from you soon.
Posted in real estate