Carmel Home Sales are on the Rise

The auction gavels have fallen silent, the roar of the engines has faded into the night, and there were definitely some big winners at this year's Pebble Beach Concours d' Elegance. Congratulations to all the winners and participants and a big thank you to the local communities for all their support. It was great to see the Concours on the Avenue return to downtown Carmel-by-the-Sea this year, too.

The Monterey Peninsula definitely made news this week, with highlights of the events and auctions being televised nationwide.  (This beautiful Bentley was definitely headline worthy!)

But cars aren't the only thing making news right now in our local market. Contrary to the gloom and doom real estate news on a national level, we here in Carmel are seeing a boom in sales. While home sales in other areas of Monterey County continue to lag behind last year's figures, Carmel is up by 35% with some buyers even paying "above asking price."

According to the most recent figures from the Monterey County Association of Realtors, there were 122 homes sold in Carmel through July 31 this year, up from 90 for the same period last year. The average sale price for a home in Carmel for the first half of 2011 was $1.34 million.

And that really is good news! To read the full text of the Monterey Herald article, click here.

Coming to town next...the Monterey Jazz Festival. . . Here's to real estate continuing to hit just the right notes!