Tag: California

Bay Area, California Real Estate Market – Is it Time to Sell or Should I Wait?

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The local and national media are “blowing the bubble” out of proportion. Listen to the experts and read the statistics as reported by NAR (National Association of Realtors) and CAR (California Association of Realtors).

 

The reality is that the market is balancing out, normalizing, flattening a bit, but experts are still predicting a continued appreciation (at least 10% if not more, compared to 20% + enjoyed here in recent years). Of course, there are no guarantees and no one knows for sure.

 

As a Realtor in the East Bay Area of California, I am seeing some price reductions on properties that have been on the market over a month, but this is because it is a Buyers market now. Agents are trying to find a starting price point after coming off of years of “throwing any price out there and getting it.”

 

Good agents do their homework and put a realistic price on the house in the first place, thus eliminating the need to broach the subject of price reduction with the Sellers. Since the Sellers ultimately call the shots,if they are properly educated on the current market (not the market 2 months ago or 6 months ago) then they are more apt to be realistic and follow their agent’s advice.

 

If you currently have or are soon to put your property on the market, and you have a good price on your property, just be patient; don’t be quick to reduce the price. Your property will sell, eventually; it’s just not a “quick-sell” market like we have enjoyed in recent years.

 

However, we are still seeing full price and near-full price offers being submitted, and even seeing some multiple offers here and there. Overall, real estate is still a great investment and experts are not predicting a loss, simply a slow decline in appreciation.

Luxury Real Estate on California’s Central Coast: Carmel-by-the-Sea Defines Unique

When it comes to unique luxury real estate in the central coast of California, Carmel-by-the-Sea is a location that quickly comes to mind.

120 miles south of San Francisco sits this quaint little town is home to some of the most exclusive residential neighborhoods to be found in the central coast, housing celebrities like, actor-director Clint Eastwood, Doris Day, and Jennifer Aniston.

However, you do not have to be famous to live here, but the rich and the famous do enjoy the lifestyle that Carmel offers.

Downtown Carmel, A Shopper’s Delight

Downtown Carmel has every type of restaurant, boutique and gallery imaginable, and Carmel’s distinctiveness is unsurpassed. It is no wonder that this sanctuary is a hot spot for tourism from all corners of the world. Each year thousands of vacationers flock to the Monterey Peninsula to enjoy its splendor. Renowned for its European charm, white sandy beaches, spectacular vistas, art galleries, and performing arts, Carmel is intoxicating and alluring.

The Central California Coast is an Oasis of Splendor

Other surrounding areas of interest include: Big Sur, Carmel Highlands, the incredible Monterey Bay Aquarium (rated as one of the top aquariums in the world), wine vineyards with tasting rooms for the wine enthusiast, and the infamous Pebble Beach which is home to one of the world’s most prominent golf resorts, where famous golf tournaments like the AT & T Pebble Beach National Pro-Am, where amateurs, stars of the screen and sports make their appearances teeing it up on three different courses.

Exclusive Carmel

Popular for its exclusiveness, it is no wonder celebrities of all ages, artists, writers, and honeymooners retreat to this oasis by the sea for romantic getaways. It is the perfect place to enjoy hanging out in a local pub, walk the gnarled tree-lined streets, sip espresso in a neighboring cafe, or simply relax and enjoy Carmel’s picturesque old-world charm.

Carmel-by-the-Sea is a treasure chest filled with gems guaranteed to satisfy the person looking for variance in luxury living. It is easy to enjoy the sophistication of San Francisco, the glamour of Hollywood, while experiencing the feel of a European village, nestled in one of the most beautiful landscapes in the world.

With breath-taking ocean vistas, dramatic white sandy beaches lined with lush green cypress, and uniquely different architecture, it is no wonder that luxury buyers from all over the world are drawn to this oasis by the sea.

If you are considering relocating to California’s central coast, Carmel-by-the-Sea might be the perfect place to experience the good life.