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monterey county: Monterey County Real Estate Statistics Thru April 2012 - 05/08/12 02:34 AM
Low inventory and high demand are pushing the Monterey Peninsula real estate markets into multiple offers with the attendant frustration of the losing bidders.
Inventory, or lack thereof, is at ten year lows. Prices have yet to respond to the situation. We expect prices to start showing some strength in the coming months. The high end of the market, however that is defined in a particular city, is solid. The low end of the market is being driven by investors with cash and is seeing the most activity. The middle market, the move-up market is soft because the … (4 comments)
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monterey county: Hwy 68 Real Estate, Monterey, CA - Why are homes not selling? - 04/13/12 12:13 PM
I recently received this email from one of our past clients asking about the market around their home (Monterey Salinas Hwy off San Benancio Rd.). I thought it would be great to include their her email and my response here:
Sent: Friday, April 13, 2012 11:04 AM To: Bruno, Mark Subject: San Benancio Homes not selling...
Hi Mark:
Can you explain why homes are not selling on San Benancio? There are so many for sale. I think one of the reasons is we are in Salinas High School District, plus so many people are getting old, … (4 comments)
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monterey county: Help for Underwater Homeowners - Harp 2.0 is here! - 03/13/12 08:12 PM
We wanted to give you the very latest on the new Home Affordable Refinance Program, or HARP 2.0 refinance program to hopefully help you or someone you know. This program helps those with owner-occupied, non owner-occupied and 2nd homes who could not refinance in the past. Please email or call if you have any questions!
Does your loan qualify?
Check with these websites to see if you qualify: http://www.fanniemae.com/loanlookup/ or https://ww3.freddiemac.com/corporate/
Or call us and we can check for you.
Program highlights:
· No minimum credit score
· No appraisal required on most refinances
· Limited verification … (3 comments)
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monterey county: Monterey County Foreclosure Outlook - Thru November 2011 - 12/14/11 07:06 PM
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monterey county: Real Estate Just Reduced - 1065 Morse in Pacific Grove was Just Reduced to $1,150,000 - 09/13/11 06:50 PM
Monterey Peninsula Home Team just reduced the price of 1065 Morse Dr in Pacific Grove to $1,150,000
1065 Morse Dr in Pacific Grove - Real estate for sale and reduced to $1,150,000
Situated on coveted "Candy Cane Lane," 1065 Morse offers its new owners 3124 sq' of flowing living space with great use of natural light. It has a large central kitchen with a breakfast nook and a large walk in pantry and a separate laundry room. The family room is open to the kitchen, has soaring ceilings, lots of windows and a great Carmel stone fireplace and . There … (2 comments)
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monterey county: The Real Estate Report February 2010 - 03/19/10 04:56 PM
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monterey county: Monterey Peninsula Home Team - October's California Foreclosure Report - 11/12/09 09:37 PM
FORECLOSURE SALES JUMP BY 21 PERCENTDespite incease sales are still well below record levels
Discovery Bay, CA, November 12, 2009 - ForeclosureRadar (http://www.foreclosureradar.com/), the only website that tracks every California foreclosure and provides daily auction updates, issued its monthly California Foreclosure Report for October 2009. After 3 months of consecutive declines the number of foreclosure sales taken back by banks rose by 22.24 percent from September and 20.95 percent from October 2008. Despite these dramatic increases, the number of foreclosures taken back by banks remains 42.56 percent below the peak reached in July 2008, from which time the inventory … (0 comments)
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monterey county: Home Sales Continue Rising in May, Prices Down - 06/07/09 07:24 PM
Sales of single-family, re-sale homes were up 77.1% in May, year-over-year. Year-to-date, home sales are up 133.8%. Home sales are at their highest level, through the first five months of the year, since we've been keeping track: 1997.
The median price for homes fell 4.7% from April, and was off 42.2% year-over-year.
The average price for homes dropped 10.6% compared to April, and was down 46.2% year-over-year.
Inventory continued to fall, dropping 54.7% compared to last May. Our Days of Inventory indicator fell seven days last month to land at 99 days.
The sales price to list price ratio for … (0 comments)
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monterey county: NAR Announces Housing Affordability Highest in 18 Years!!! - 05/25/09 12:44 PM
NAR Announces Housing Affordability Highest in 18 Years - And Many Offices Report Increased Activity in High End Sales
For months I've been sharing that this is one of the best times to purchase a home in decades. This week the National Association of Realtors underscored that fact -stating that nationwide housing affordability jumped 10 percentage points during the first quarter of 2009 to its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The HOI showed that 72.5% of all new and existing US homes sold in … (0 comments)
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monterey county: Recent Housing Stats Are Showing Encouraging Signs for Market - 05/17/09 11:39 AM
This week I thought I'd share some positive stories that continue to permeate not only our local news but on a national level as well.
The National Association of Realtors® said its Pending Home Sales Index, based on contracts signed in March, rose 3.2% as first-time buyers waded into the market to take advantage of favorable prices and mortgage rates.
A report from the U.S. Commerce Department showed construction spending rose 0.3% in March, the first increase in six months.
The pending home sales report added evidence that sales have reached a bottom. That's critical because once sales bottom, it's only … (3 comments)
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monterey county: Why didn't I buy more real estate in 2009? - 05/11/09 11:53 AM
Stress Test Reveals More Work to Be Done By Banks- While Entry Level Local Real Estate Market Heats Up!
This week the results of the long-awaited Stress Test on US banks were released. What the government hoped to accomplish through this Stress Test was to determine how much capital the banking sector currently has, and what level they deem appropriate to withstand the recession. The result was that 10 of the nation's 19 largest banks will need to raise a total of $74.6 billion in capital. The Stress Test revealed that banks like Goldman Sachs and J.P. Morgan seemed to be … (4 comments)
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monterey county: My Magic 8 Ball Says, "Outlook Is Good!" - 04/04/09 12:26 AM
Below is this weeks Market Watch for all of the Coldwell Banker offices in Northern California by Greg Marcres, the Executive VP for the Western Region with Coldwell Banker NRT. It looks like the corner might finally be in sight and we might even be starting to turn it! Speaking from personal experience, our market here on the Monterey Peninsula has definitely picked up a little steam. I have written two offers in the last 24 hours and might be writing a third one tomorrow! Our office in Pacific Grove is busy and our listings, especially in Pebble Beach have seen an increase … (0 comments)
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monterey county: From A Slow Crawl…To a Brisk Walk - 03/27/09 02:47 PM
I heard someone earlier this week say that the housing market has gone from a slow crawl to a brisk walk. I think that is the perfect metaphor to explain the recent changes in the real estate market. The market is coming back. It's not roaring, but it's coming back.
This week, according to Reuters.com, U.S. mortgage applications jumped as record low interest rates spurred a surge in demand for home refinancing loans. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans, increased 32.2 percent to 1,159.4 for the week ended … (0 comments)
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monterey county: It Passed! Now What? - 02/16/09 10:25 AM
Here is last week's Market Watch by Joe Brown. Joe Brown is the President of Coldwell Banker Residential Brokerage's Silicon Valley, Monterey Bay and East Bay regions.
Friday, February 13, 2009
It Passed! Now What?
A compromise on the Economic Stimulus Package has been reached. The new price tag: $787 billion. That's below both the $820 billion House-passed version and the $838 billion Senate-passed version. Just like with anything in life, the final package is all about compromise. Real estate advocates from NAR and Realogy President Richard Smith lobbied well on our behalf but in the end … (0 comments)
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monterey county: Monterey County Home Sales Up 104.8% over Last Year - 01/19/09 08:59 PM
Sales of single-family, re-sale homes surged in 2008, driven mainly by the foreclosure market.
The sales were concentrated in the lower end of the market in cities such as East Salinas, up 411.4%, North Salinas, up 331.4%, Seaside, up 196.6%.
On the other hand, these are the cities in which prices declined the greatest also. The median price in Sales was down 57.4%, in North Salinas, -45.8%, in South County, -45.9%.
December sales of single-family, re-sale homes in Monterey County were up 256.3% year-over-year. The 367 sales recorded last month set a new all-time record.
Home prices continue … (2 comments)
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monterey county: Monterey County Home Sales Surge in September - 10/23/08 08:26 PM
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Mark Bruno
Pebble Beach,
CA
More about me…
Monterey Peninsula Home Team - Carmel, CA - Coldwell Banker
Address: 501 Lighthouse Avenue, Pacific Grove, CA, 93950
Office Phone: (831) 626-2277
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