Monterey Peninsula Real Estate Blog

Information about Monterey Peninsula Real Estate including new MLS Real Estate Listings by the Monterey Peninsula Home Team. You will see posts about Monterey Peninsula cities including Monterey, Pacific Grove, Pebble Beach, Carmel, Carmel Valley, Seaside, Marina and the HWY 68 Corridor.  These posts will have stories and information about local issues including real estate, news, and other helpful information, plus anything else we want to write about ;-).

Feb. 11, 2019

AT&T Pebble Beach Pro-Am’s Club 15

Marking its 16th anniversary, the group behind the banter of the AT&T Pebble Beach Pro-Am’s Club 15 remains committed to the steadfast fight against cancer.

For the Club’s members and the raucous fans staked out between Pebble Beach’s 14th hole and the 15th tee, come rain or shine their event continues to bring out a sizable crowd every year.

Club 15 at the AT&T Pebble Beach Pro-Am“It’s special because despite possible complications or weather conditions the same core group shows up and is not afraid of a little water,” said Steve Kasper, one of the group’s founders. “And somehow, every time the sun comes out.”

That was the case Saturday, at least until about noon when the raindrops made an appearance as they had on both Thursday and Friday, with Friday’s play suspended early due to weather.

Willi Franz, who is part of the core group that Kasper referred to, explained the group’s intent to raise and donate money to the Cancer Foundation. Franz lost his wife Debbie to breast cancer three years ago. “This is the one time a year we all get together and see people we haven’t seen all year,” said Franz. “It’s a hoot.”

This year, breast cancer was specifically focused on with the Club 15 ball caps available in pink and black, the colors of “breast cancer awareness.” The money raised from the sale of the Club’s paraphernalia goes back to the cause. 

“It’s a cause close to our heart,” said Natasha DiPretoro, administrator for the group. 

DiPretoro’s father was diagnosed with brain cancer this year. Her best friend Heather MacRae, a Monterey native, died from liver and spine cancer at the age of 40 last summer. A well-known Peninsula resident, she had won the LLS (Leukemia and Lymphoma Society) “Woman of the Year” award for raising awareness for the disease.

“She had wanted to come out with me to Club 15 this year,” noted DiPretoro. “Unfortunately she didn’t get the chance.”

It was 16 years ago that Kasper along with Scott Larson and Larson’s brother Ted, founded Club 15 at the Pebble Beach National Pro-Am. Ted Larson later passed away from cancer in 2014. As Scott Larson explained, so many in the group have had loved ones affected by the disease. Since its beginning, Kasper’s father passed away from it, as did Larson’s mom’s best friend. 

“Every year it’s affecting another one of our members,” he said.  

Club 15 continues to evolve while still representing the overarching cause of “Stand Up to Cancer.” Larson said they’re working toward getting an official 501(c)(3) status so Pebble Beach can match the funds they earn on their own. 

“Remember this is 16 years old – we were dumb when we started,” quipped Larson, revealing that once they witnessed Club 15’s popularity grow they couldn’t help but 

wonder where the group’s popularity would lead.

“We are tour-sponsored but not an official fund-raising group with the tournament,” he explained while noting the incredible support that they’ve received from Steve John, CEO of the Monterey Peninsula Foundation and AT & T Pebble Beach Pro-Am tour director. 

Larson said now the members would like to be hand-in-hand with the tournament. “We want to try to make this thing a real part of the tournament for whatever charities we’re looking to support and do,” he said, noting that next year the club’s founders hope to incorporate a benefit concert. 

While the initial group that shows up can start out with a few, as the day progresses, spectators seem to gravitate toward the spirited cheers at Club 15.

Some years as many as 800 have gathered. 

It can’t hurt that it’s where the level of interaction between fans, celebrities and amateur players is as close as it can get. And while it’s never been the intent of Club 15 founders to imitate the antics that go on at the 16th hole during the Phoenix Open held a week earlier, it’s always about professionally supporting the amateurs. The official protocol includes asking the golfers teeing off whether they want to be cheered on or not. 

On Saturday, actor Greg Kinnear wanted anything but silence as he asked for even louder encouragement and said, “I need all the support I can get.” That’s after he sprinted to the Club 15 couch, sprawled out on it and inquired, “Do you do therapy here too?” 

Kinnear was golfing with pro Seth Reeves and arrived after Condoleezza Rice made an appearance diligently choosing tees from the Club 15 giant-size wine glass. Charles Schwab also stopped by. The financial executive/philanthropist asked Larson in a serious tone what membership in Club 15 required.

“You just show up,” quipped Larson. After teeing off, Schwab kissed his black Club 15 cap.  

Later, Andy Garcia, Chris O’Donnell and Bill Murray were amongst the other celebrities making an appearance with both amateurs and professionals. 

Last year, quarterback Aaron Rogers and wide receiver Larry Fitzgerald took a load off when they hung out on the warm black leather couch for a bit. 

“The Great One” Wayne Gretzky sauntered right over to the sofa and took a seat – a move that surprised many. He sat for a while as his teammates Dustin Johnson, Jordan Spieth and Country music artist Jake Owen took their shots before he signed a Club 15 T-shirt. 

Likely not all of them were as lucky as player Pascal Grizot this year. The PGA’s of Europe Honorary President, Pascal was paired with pro Tommy Fleetwood and twosome Russell Henley and Antoine Arnault, the CEO of French Menswear Company Berluti.

Grizot got his sore shoulders rubbed by DiPretoro while taking a break on the Club 15 couch.

DiPretoro was happy to do it, still amazed at the fact that it wasn’t raining. 

“It always shines on us,” said DiPretoro, about the sunny weather. “Every year we get lucky and the sun shines on Club 15.”

 

Pebble Beach is home to some of the worlds finest luxury real estate including Golf Course Homes for sale and Ocean View Homes for sale.

Feb. 1, 2019

Pebble Beach Home for Sale

Search all ocean view homes for sale in Pebble Beach, CA

Pebble Beach Home for Sale 4080 Los Altos Dr

Listing Details:

  • 4080 Los Altos Drive, Pebble Beach CA 93953
  • $1.150,000
  • MLS# coming soon
  • Bedrooms: 3 plus Guest Suite or Bonus Room
  • Bathrooms: 3
  • Square feet: 2721 sq ft (Third Party)
  • 2 Car Garage
  • 2 Car Carport with Circular Drive Through

Contact Mark Bruno or Jeff Davi with the Monterey Peninsula Home Team to see if this property is still available and to set up an appointment to view it (831) 313-2289.

 

Pebble Beach, CA Home for Sale in the Upper Forest

Pebble Beach Home for sale 4080 Los Altos DriveYou are going to love this classic Pebble Beach home for sale located on a quiet street in the Upper part of the Pebble Beach Forest. First time on the market since 1975, this comfortably sized 3-bedroom, 3 bath home has a lot to offer its new owner.  

The main level of the home has a spacious living room with 15-foot open-beamed ceilings, a fireplace, and floor to ceiling windows looking out on the Monterey Pines of enchanting Del Monte Forest. There is a nice sized deck accessed through sliding glass doors. The dining area is huge with a large window seat.  The kitchen has tons of counter space and cabinets plus an eat-in counter/breakfast nook.  Also on the main level is the master bedroom and bath.  Both private and spacious. Finally, the main level also has a laundry room.

When you approach the lower level of this Pebble Beach home, Pebble Beach Home for sale 4080 Los Altos Drive kitchenyou will notice an oversized hallway leading to two more nice sized bedrooms and a hall bathroom. At the end of the hall is a family room or if you prefer, a guest suite.  The guest suite has a small kitchenette and a full bathroom.

Other unique features of 4080 Los Altos Drive in Pebble Beach is the circle driveway that passes through a large carport.  In addition, there is a 2-car garage.

Pebble Beach Upper Forest Neighborhood

Pebble Beach's Upper Forest Neighborhood is located at the top of Huckleberry Hill and is the easternmost neighborhood in Pebble Beach. The Upper Forest is located to the north and slightly west of the Hwy 1 Gate into Pebble Beach and gets the most sunshine of all of Pebble Beach due to the coastal fog burning off here first. This neighborhood is known for its scenic views of the Pacific Ocean, Monterey Bay, Point Lobos, and Carmel Bay. There is some amazing ocean view real estate in this neighborhood due to its unique vantage point.  Read more about Pebble Beach’s Upper Forest Neighborhood.

About Pebble Beach Luxury Real Estate

Pebble Beach Luxury - Pebble Beach Lodge

Pebble Beach is synonymous with luxury and I’m sure it comes as no surprise to you that Pebble Beach is full of luxury real estate.  To some people, Oceanfront real estate is the epitome of luxury living while others prefer a Pebble Beach Golf Course home with ocean views in the background.  It is hard to argue whether Pebble Beach Ocean Front Real Estate is more luxurious than Pebble Beach Golf Course Real Estate when they both are incredible pieces of luxury real estate

 

Search for other Pebble Beach homes like this one

Learn your Pebble Beach Home’s Value

Contact us about buying a home or selling your home.

 

Jan. 29, 2019

Trail To McWay Falls In BIg Sur Getting Revamped

The trail to McWay Falls, an iconic waterfall viewed by tens of thousands of visitors each month in Big Sur’s Julia Pfeiffer Burns State Park, is getting revamped.

Photo of McWay Falls taken by W Tipton

California State Parks officials recently announced they have undertaken a resource protection project at the park in an effort to improve public safety and protection of the natural and cultural resources surrounding the popular waterfall. Increased visitation to the park has resulted in erosion along Highway 1 as visitors seek access to the Waterfall Overlook Trail. Traffic and stormwater runoff has also destabilized about 500 feet of coastal bluff above the falls on the west side of the highway. 

Jeff Frey, environmental scientist for California State Parks, Monterey District, said that because of the increase in usage of the park and unauthorized access and damage to its sensitive natural and cultural resources, new fencing and new signage is being installed. Both will guide visitors to the safest parking locations from which the Waterfall Overlook Trail can be accessed. About a half mile of the trail is also being rehabilitated by de-compacting the soil and planting native vegetation in order to return the area to its natural state. A home that was there in the late 1930s to the 1960s brought with it non-native trees and vegetation to the area.

“In the past, the whole area was coastal shrub vegetation,” said Frey, about that kind of vegetation that is lower growing and closer to the ocean and is trying to be restored there. “In addition to that, when fires come through areas, a lot of times the non-native vegetation that was being suppressed by native vegetation is able to gain a foothold.”

The project, which officially began in early November, is expected to be completed by March.

The McWay Falls resource protection project is one of a number of ongoing efforts to repair damage in Big Sur caused by fire, rain and increased visitation. A Park’s trail team has been working to repair and re-open the extensive trail system on the east side of Highway 1. Additionally, the parking lot at the main entrance of the park is slated for realignment, which will improve the accessibility of the restroom and picnic areas.

“Several parks in Big Sur that have been damaged by the last two major fires – the Basin and the Soberanes – and because of those, a lot of our trail systems have been damaged. said Fry. “In some cases it’s the trails and in other cases it’s the structures on the trails like stairwells and retaining walls.”

He also noted that for the last 10 years park officials have had problems with an increasing number of visitors accessing an off-limits beach in the park by way of steep cliffs. They’re now taking measures to prevent that.

“In the process, they’ve increased coastal erosion, caused vegetation damage and have endangered themselves and caused expensive and time-consuming rescues,” said Frey. “So for all those reasons we’re trying to decrease the number of visitors that try to gain access to this beach below the falls.”

Julia Pfeiffer Burns State Park is located on Highway 1 approximately 40 miles south of Monterey. It encompasses more than 2,000 acres of land ranging from the Big Sur coastline to the nearby ridges of the Santa Lucia Mountains. Donated to the California State Park system in 1962, the park was named after a respected pioneer woman of the Big Sur country.

 

Search all Big Sur Real Estate.

Search Big Sur and South Coast Homes for Sale.

Jan. 24, 2019

The Market Shift Has Begun and It’s Time to Sell

 

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Today we’ll be going over our market predictions for 2019 and why you should consider buying soon.

There’s been a lot of talk about an upcoming market shift, but you know what? We think the California market shift has already begun. We spoke in 2018 about how the Monterey Peninsula area was showing signs of shifting, and that looks to be the case now. Throughout 2019, we’ll see the market shift from a seller’s market to one that favors buyers.

We’re seeing signs of a balanced market in most California cities, and some have already shifted into a buyer’s market. However, some are still strong seller’s markets.

There are always people here looking to buy, but when there aren’t a lot of choices, sellers have the control. However, when there’s a lot of inventory, buyers gain the control. The days where sellers can price their homes for whatever they want are gone. You want to begin pricing your home more competitively.

If you’ve been waiting for the peak of our seller’s market before you list your home, you don’t need to wait any longer. We believe we’re in the peak now.

If you’re ready to sell your home, have any questions, or need more information, feel free to reach out to us. We look forward to hearing from you soon.

Posted in real estate
Jan. 4, 2019

Pebble Beach Realtor Purchases Cannery Row’s Historical Red Caboose

Cannery Row Monterey CA

Pebble Beach resident and real estate broker Ed Ciliberti purchased the train car and longtime fixture along the Recreation Trail back in April for $27,000. But after acquiring and consulting with Monterey city officials on the new lease and its deed restrictions, he learned the lease would require the approval of more than just Monterey. It would also need the consent of the Pacific Grove City Council and the Board of Directors of the Monterey Peninsula Regional Park District for any commercial use. 

Keller Williams Cannery Row CabooseWeighing a hefty 20 tons, the steel car with wood exterior siding was built in 1916 as an outside braced boxcar and converted into a caboose circa 1940. It sits on property leased from the city and is located between Prescott and Hoffman avenues and adjacent to the Monterey Bay Aquarium’s new Center for Ocean Education and Leadership.

Ciliberti purchased the caboose with the expectation to not only keep and maintain the Cannery Row piece of history but to also run an antique and collectibles business out of it as the previous owners Debbie and Randy Reinstedt did. He paid approximately $15,000 for the railroad memorabilia inventory owned by the Reinstedts.

He has also had the caboose’s original 102-year-old roof restored by Noble Pride Roofing Company, which he said cost $5,000 although the company donated the labor costs.

Additionally, he paid the Reinstedts separately for the original porcelain sign that was on the original boxcar/caboose that says “Western Pacific” and “Feather River Route” in its circular middle. Because of its history and monetary value he will keep it on display but will attach a new porcelain sign on the caboose’s exterior after the train car receives a new coat of deeper red paint. The original sign is worth in excess of $10,000 to $15,000.

So far the city of Monterey has approved the lease and given permission to the new owner of the Western Pacific Wood Caboose #641, as it’s officially known, to open the commercial space. The five-year ground lease will cost $469 per month, almost $200 more than the previous lessees.

Janna Aldrete, property manager of the city’s commercial leasing and property management department, said a new fair market analysis was done when explaining the rise in cost.

While Ciliberti is still waiting, he expects permission from Pacific Grove and the Park District to come because support behind the preservation of the historic piece is so strong.

He described the city of Monterey as being “terrific” to deal with and that the Cannery Row Foundation has also been very supportive.

Upon his passing, Ciliberti has offered to donate the historical caboose to the Foundation.

“I’m doing that because I know it will stay where it belongs,” said Ciliberti.

 

Dec. 27, 2018

2018 Market Recap and Predictions for the New Year

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Today we’ll be giving you a quick recap of what we’ve seen in our market for 2018, as well as what we predict for the new year.


It seems we’re finally finding ourselves in the shifting market everyone keeps talking about. The beginning of 2018 was more of the same seller’s market we’ve seen for the past few years, but the end of the year has spelled a different story. Things have slowed down, inventory has increased, and for the first time in years, we’re about to be in a balanced market.


If you’re a seller, now’s the time to sell before things shift further. From what we’ve seen, the shift from a seller’s market to a buyer’s market has already happened. So, if you’re a buyer, opportunity is knocking. However, there are still some pockets where the market is great for sellers. Though the market is shifting overall and we won’t be enjoying the same increases we had in the past, we believe things will stabilize next year.


Whether you’re looking to buy or sell, have any questions, or need more information, reach out to us. We can give you a detailed look at your local market and help you decide the best steps to take going forward. Until then, we look forward to hearing from you.

 

Posted in real estate
Dec. 20, 2018

Rateau Magenta Colored Credenza Donated to Habitat to Humanity

A recent donation to a Peninsula second-hand store turned out to be a major historical find.

Like most resale stores, the Habitat for Humanity Restore located in Fort Ord in Seaside picks up donated items of all kinds on a constant basis. Located inside the military community, donations come in from all over Monterey County.

Rateau Magenta Colored Credenza

That’s why when a Salinas resident wanted to get rid of their large buffet they had in their home for the past 10 years, those picking up the piece didn’t really blink an eye. The owner had acquired the piece from what was described as “an old cowboy bar” in town where they had once worked but it had since been shut down.

“It was extremely heavy though. It took three to four big guys to get it in here,” recalled Gabrielle Rubio, Habitat for Humanity Restore’s assistant manager. The piece was then displayed in the store’s showroom for a short time.

That was around the time that Calvin Otis had recently been hired as manager there and was reviewing the “how-tos” of finding and identifying furniture markings and manufacturers.

“The piece was obviously an antique by its dovetailing,” said Rubio, which is a quality describing the weaving of the piece’s wood grain and how it interlocks with other pieces. 

Whereas modernized machinery connects pieces uniformly, antiques were built by hand so the weaving is off, she explained.

But it was when Otis pulled out one of the credenza’s magenta-painted drawers, that he noticed the clearly stamped A.A. Rateau on the back. After a little research, the thrift store’s crew discovered Rateau to be an eminent French furniture maker and interior designer of his time.

 

“They looked it up and found that he was the father of art deco,” said Rubio. Architectural Digest has actually described Armand-Albert Rateau, who was born in 1882, as “one of the most exclusive interior designers of the 1920s.”

 

“Rateau is one of these designers that was at the top of his game but there’s not all that much available from him because he was so exclusive,” explained Adam Brown, a principal of Iliad, a New York City interior design studio. “Rateau is the quintessential furniture designer from the ’20s.”

 

Once the staff determined just who Rateau was they began reaching out to auction houses in Los Angeles and New York to get the piece appraised.

They also reached out to the donor of the piece notifying them of their newly discovered knowledge but its long-time owner still wanted to be rid of the piece. 

 

After finding Iliad through the Art and Antique Dealers League of America, the world-class purveyors of Austro-Hungarian Biedermeier, French art deco and art moderne furniture expressed desire to acquire the piece. The firm’s design studio in Manhattan, along with its restoration workshop in Prague, creates contemporary and period-inspired furniture to and for a list of distinguished clientele.

 

The interior design house acquired the credenza from the thrift store for $5,000.

“After restoring it, they mentioned putting in another $15,000 so they obviously think it’s worth at least $20,000,” said Rubio.

 

“Because we are antique dealers and experts in restoration as well as interior designers in New York, we could see the diamond in the rough,” said Adams, noting that the piece had been painted over a number of times. “We know what we’re looking at when we look at a period piece of furniture.”

 

What astonished Adams and Andrea Zemel, Iliad’s lead interior designer and fellow principal of the gallery, was just how rare it is to find a Rateau piece.

“Rateau — his pieces they just don’t become available, there are very few of them,” said Brown. “We have no idea what it was doing in the U.S., let alone in Monterey, California.” Brown said Rateau’s only big patron in the United States in the 1920s was the historic Blumenthal family.

 

Now, as the Iliad staff acquires more research and background on the piece, a photographic documentary of the rare find is also being created.

“We’re reaching out to experts in France and the Rateau family,” said Brown.

Dec. 20, 2018

New Pebble Beach Visitor's Center

The Pebble Beach Company recently unveiled its new Visitor’s Center, which is designed to share the resort’s storied 100-year history to both golfers and the two million day visitors that venture onto the public golf course each year.

Embed from Getty Images

A ribbon cutting ceremony for the new facility at Pebble Beach Golf Links not only marked its official grand opening but also symbolized the formal kick-off of the resort’s 2019 Centennial Celebration. That coincides with the upcoming 119th U.S. Open Championship in June.

About 200 guests including Pebble Beach, Monterey Bay Aquarium and Peninsula city officials perused the new 8,000-square-foot center located across from the Pebble Beach Lodge where a Bank of the West and a Wells Fargo used to be. Both banks’ leases expired and the businesses didn’t want to renew them so both buildings were connected with the creation of the new center in mind. While planning began long before, construction on the facility was completed in March of this year. 

For the day visitors to the area who spend anywhere from 15 minutes to three hours here, “We’ve never really had a place for them to start their visit of the whole lodge and the Pebble Beach golf course area,” said Pebble Beach CEO Bill Perocchi. “Having a place where we can tell the tourists the wonderful history of our company, our relationship with the USGA and all the championships we’ve hosted is important.”

All told, the new center itself, its restrooms along with the newly installed parking for buses and cars and overall infrastructure cost about $10 million, according to Perocchi, who said the upgrades and center had been two years in the making. The project’s lead architect was Philip Hardoin while the general contractor was Kenny Rudisill.

“With 75 percent of visitors coming by car and 25 percent by bus, parking has been a problem,” Perocchi told those present at the grand opening including those directly related to the Visitor Center’s creation. “Restrooms are always an issue. “Most important of all, we never had a place before where we could highlight the history of our resort.”

Inside, the new facility features 25 exhibits created by Steve Kasper and Tom Tsubota, many of which are ceiling to floor display walls with iconic scenes from the resort’s history. As visitors enter the center to the left is a photographic timeline of the resort’s past with one portion dedicated to how the Hotel Del Monte led to the formation of Pebble Beach. Samuel F.B. Morse’s golf vision is also featured.

The plexiglass wall displays also featured snapshots of the resort’s involvement with The U.S. Open Championship with iconic photos of Tiger Woods and Tom Watson holding up their championship trophies. An entire photographic panel featuring a life-size Phil Mickelson lists all the Pebble Beach Pro-Am champions since 1937 while another focuses on “The King” Arnold Palmer. Still, others showcase the resort’s celebrity and presidential history with one dedicated to Clint Eastwood dressed in the classic Western garb that marked many of his roles. One acknowledged the 15 presidents that have visited the golf links.

Perocchi said he gave Eastwood a tour last week of the new facility that docents will staff from 7 a.m. to 6 p.m. daily and he loved it.

There’s also a retail section and a large circular topographic relief map with numbered locations of the 17-Mile Drive. Bordering the round display are touch screens that feature Pebble Beach’s dining, retail, golf and hotel choices with the swipe of a finger.

Improvements have been made outside the center too with expanded parking for both cars and buses and a clearer pedestrian path of travel. A town center/picnic area has also been created.

During Tuesday’s ceremony, Perocchi acknowledged Morse’s grandson Charles Osborne and his great-granddaughter Mary Schley who were present. The company CEO also acknowledged a display showing the history of Pebble Beach’s ownership that at one time had 20thCentury Fox using its profits from its blockbuster hit “Star Wars” to buy a share of the famed resort.

“We’ve had seven ownership groups in our 100-year history,” said Perocchi, noting its current ownership led by Peter Ueberroth and its 150 partners as its longest tenured one.

At last week’s special preview of the new facility, there were also some other big announcements.  RJ Harper, one of the golf industry’s most respected professionals and resort executives who died a year ago from pancreatic cancer, has been named the 2019 U.S. Open’s honorary general chairman.

Other course improvements related to the upcoming 2019 U.S. Open including green restorations, new tee boxes and room renovations. The economic impact of the event is estimated to be $175 million.

 

If you are interested in Pebble Beach Luxury Real Estate, go to our Pebble Beach Luxury Real Estate for Sale page.

Pebble Beach Ocean View Real Estate for sale can be found on our Pebble Beach Ocean View Real Estate page.

 

Dec. 13, 2018

Happy Holidays From the Monterey Peninsula Home Team



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The Monterey Peninsula Home Team wanted to reach out and wish you a joyous and happy holiday season. We realize without you, our past, current and future clients, we would not have the thriving business we have today. We want to thank our past clients for their loyal support all these years and for thinking of us whenever they or someone they know have real estate questions. We want to thank our current clients for their trust in us to get their home sold or to find them the perfect home. And to those of you who become our future clients, thank you in advance for taking the leap of faith to work with us. We look forward to working our tails off for all of you when the time is right!
We all hope you are surrounded by the people you love during this special time of the year, no matter where you spend your holiday season.
From our entire Monterey Peninsula Home Team family,
Happy Holidays!
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