Tina's Monterey Real Estate Blog

Upon entering the front courtyard you will feel you have arrived home. This 2600 sq. ft. home has lots of light, an unbelievable floor plan, Cathedral ceilings, views and sits on the Seventh fairway at Quail Lodge. Boasting three bedrooms and three bathrooms; including the master suite that has a fireplace as well as a sitting room and bathroom with his and her tub/showers, sinks and built-ins.  The Large living room with fireplace and wet bar is complete with floor to ceiling windows that help you appreciate the views of the golf course and the mountains. Separate dining room and a sunroom with sliding door that gives you access the back patio and golf course. Kitchen with breakfast nook, laundry room and a two car garage make this home complete.

For more photos go to carmel homes for sale

To predict the future we must first look to the past. 

There were a total of Forty-three units that sold in Monterey in 2009.

• $165,000-$250,000 = 12
• $300,000-$400,000 = 13
• $400,000-$500,000 =  6
• $500,000-$600,000 =  8
• $600,000-$800,000 =  4

As you can see the lower-end dominated the 2009 market place.

Currently there are 30 units on the market and 9 units in escrow.

• $60,000-$250,000 = 11 Active 3 pending
• $250,000-$400,000 = 14 Active 5 pending
• $400,000-$500,000 = 3 Active
• $500,000-$600,000 = 8 Active 1 pending
• $600,000-$700,000 = 2 Active
• Over 2 Millon          = 1 Active

So what do these numbers show us.....the lower-end is still driving the market place. As the low-end's inventory slips away we will start seeing the middle range move more. I think the upper-end is going to take a while to start moving; possibly the end of 2010 but it may not really start moving until 2011.

I can't really predict the future (if only I had a crystal ball) but I do think that the market is steady and will remain stready in 2010.

Come and enjoy this quality single level three bedroom and three and one half bathroom property on 2.5 acres in the prestigious gated community of Quail Meadows. 

This home includes a spacious living room,

separate dining room, custom kitchen with breakfast area,

den/office, laundry room and large master suite.  Two fireplaces and vaulted ceilings with skylights.  Backyard has a large covered patio with built-in gas BBQ, lawn terraced gardens and wooded grounds, ideal for indoor/outdoor living.

This home is being offered for $2,495,000

For additional information please call Tina at 831.521.0231

Mountain Shadow Townhomes are located in Monterey's Skyline Forest a beautifully wooded area with ocean views.  These twenty townhomes were built in 1973 by Henry Edwards on approximately 3.3 acres. Ten units were initially sold as "A" units at 1,950 sq. ft and ten units were sold as "B" units and are 1,650 sq. ft.; although many units have made some interior changes that have given them additional square footage. Additionally, each unit has a large two car garage.

Dues include water, garbage, sewer, storm drains, insurance, ground maintenance, street lights, minor maintenance for the private road and major project reserves. Roofs, siding and deck repairs are the responsibility of each individual property owners.

For the only unit currently on the market go to Mountain Shadow.

Hacienda’s prices have dropped drastically over the last year and a half but the units are selling. In the first quarter only one unit sold but since then there has been fifteen sales.

There are currently nine units on the market, with three of those in escrow.

Below are the units that are active:

                Unit #                    Beds      Baths     Sq. Ft.   List Price            Original Price      Days on Market

                70                          2          2           960       $495,000           $495,000              151

                41                          1          1           650       $349,900           $349,900             365

                188                        2          2           980       $289,000           $318,500             326

                64                         2           2           948       $257,000           $257,000             24

                120                       2           1           850       $229,900           $229,900              1

                57                         1           1           655       $205,000           $259,000              361

Below are the units that are pending:

                Unit #                    Beds      Baths     Sq. Ft.   List Price           Original Price      Days on Market

                170                         2              2         950    $290,000              $399,000              395

                22                           1              1         650    $215,000              $215,000              21

                175                         1              1         625     $205,000              $259,000              200

Below are the units that have sold in 2009:

                Unit#     Beds      Baths     Sq. Ft.   Sales Price   Original Price      Sale Date       Days on Market

                165         2         2            1165     $381,000    $389,500            3/18/09                638

                178         2         2            1100     $372,500    $385,000            7/29/09                41

                26           2         2            1100     $372,500    $380,000            4/21/09                23

                206         2         2             1180    $370,000     $380,000            9/16/09                191

                189         2         2             1100    $350,000    $359,000             10/9/09                4

                155         2         2             1310    $350,000    $350,000            4/14/09                301

                144         2         2             950      $275,000    $325,000            4/23/09                726

                125         2         2             950      $290,000    $299,000            8/26/09                53

                157         2         2             1100    $290,000     $299,000           9/1/09                   45

                241         2         2             948      $290,000     $299,000            6/12/09                283

                259         2         2             950      $300,000     $295,000            9/29/09                124

                14           1         1             625      $235,000     $275,000            1/29/09                27

                86           2         1                        $247,000     $249,000             4/7/09                 163

                255         1         1              625     $230,000     $249,000             7/21/09                58

                174         S         1              515     $190,000     $195,000             4/30/09                39

                68           S         1              515     $179,000     $179,000             4/9/09                111  

What makes one unit sell while others sit on the market for a year or more?     It is simple, Price.

The units that are priced correctly when they go on the market are selling in the first three months; otherwise the sellers chase the market down with price reduction after price reduction.

If you would like additional information on the Real Estate market in Hacienda Carmel or any of the unit that are currently on the market please feel free to contact me.

Tina Carpenter 831.521.0231  www.mymontereybayhomes.com