Christine Monteith on the Pebble Beach Coast

U.S. Open – Let the Shopping Begin

Christine Monteith — Fri, 11 Jun 2010 23:22:15 +0000

Just had to drop by and pick up a Father’s Day gift for my golf addicted Dad who I’m sure will be glued to the TV next weekend. While I’ll be holding homes open in Pacific Grove wondering if any of these golf fans would like to own a little piece of golf heaven.

Between the Rain…Rainbows

Christine Monteith — Thu, 04 Mar 2010 06:45:22 +0000

Rainbow

It’s been a long, wet winter. “We need the rain” is a refrain that is repeated from friend to friend.

Rainbow Orange

In between the driving rain, the brilliant sunshine and the hail, this rainbow glowed for a brief moment.

Nothing like NYC in February

Christine Monteith — Sat, 13 Feb 2010 01:44:27 +0000

Fortunately, I went last week and missed all the snow. Had lots of time to meet with friends, share stories, eat, drink. Next time, I’ll shop and museum.

One of the Bright Moments of the AT&T

Christine Monteith — Wed, 10 Feb 2010 05:15:17 +0000

Pebble Beach Ocean Rainbow

First day of the AT & T Pro-Am started off with sunshine and ended with sun but rained in between. Saw Michael Bolton playing Monterey Peninsula Country Club this AM. All players and caddies looking a little drippy.

Astrid’s 1st Video

Christine Monteith — Tue, 09 Feb 2010 06:19:32 +0000

DinMarias
Astrid made her first video with my new Nikon S70 digital camera. Maria and Nick hosted Diane and I to a lovely evening with delicious red wine and a fun banana rice casserole.

Distressed Property Sales in Pacific Grove

Christine Monteith — Mon, 21 Dec 2009 23:58:19 +0000

I was doing research for a seller on sales and pending contracts in Pacific Grove. Though, I’ve been aware of which properties were in foreclosure and short sales, it was surprising when I gathered all this info into one report. The good news is that there are only 57 active single family residence listings, only 3 are foreclosures and 2 short sales. Of the 25 homes under contract, 60% of these transactions are distressed property sales (ie, foreclosures or short sales.) Since October 1, 2009, there have been 35 sales in Pacific Grove ranging from $2,900,000 (sold by my Broker at The Jones Group) to $290,000, only 11 have been distressed sales. That still makes just a little less than 33% of the sales.

Shrinking Inventory in Pacific Grove

Christine Monteith — Tue, 15 Dec 2009 23:31:29 +0000

Bay View Cottage

As of today, there are only 57 homes on the market in Pacific Grove, ranging in price from $2,199,000 to $400,000. Compare that to 120 active listings last winter. At the same time, there are 23 homes currently under contract listed from $1,699,000 to $389,000. Of those 23 homes, 11 properties are short sales or foreclosures.

The market is hot in Pacific Grove when a well-priced home hits the market. 309 10th Street (pictured here) was listed on Friday December, 11 by the following Monday, we had received 3 offers. This home is not a short sale or foreclosure. It is a tidy, well-maintained 2 bed/2 bath, 1,000 sf on a 3,600 sf lot with a 2 car garage and bay view from the front bedroom listed at $600,000. This property went into escrow on Tuesday. The buyers with financing are in the market and when they see a property at a good value, it sells.

Monterey Peninsula Sales Stats – October 2009

Christine Monteith — Fri, 20 Nov 2009 05:47:10 +0000

Inventory on the Monterey Peninsula continues to decline in many areas. In October 2008, the inventory for Monterey County was 2,726 single family homes for sale in comparison to just 1,442 in October 2009. Total number of sales have remained fairly constant while median sale prices saw an overall decline of 12% over the past 12 months. Median sales prices are skewed in areas such as the Carmel Highlands where the average home sale price was extremely high. Carmel inventory remains very high as Pacific Grove with a similar size and population continues to decline. The Carmel inventory reflects a large number of homes that were remodeled on spec.

Area	New Listings	Inventory	Closed Sales	Days on Market	Median Sales
Carmel	25	171	22	153	1,137,500
Carmel Highlands	4	34	2	284	3,462,500
Carmel Valley	17	133	7	238	1,250,000
Del Rey Oaks	3	6	1	24	475,000
Marina	13	34	15	48	370,000
Monterey	22	73	14	102	512,450
Pacific Grove	15	72	18	99	757,500
Pebble Beach	19	119	3	27	1,045,000
Seaside/Sand City	30	70	22	38	257,500

Pebble Beach sales inventory at all time high

Christine Monteith — Fri, 13 Nov 2009 00:50:27 +0000

Homes for sale in Pebble Beach

Get this Widget

There are 137 properties for sale in Pebble Beach ranging from the very affordable $438,950 for an ocean view condo at Ocean Pines to $35,000,000 for a breathtaking, contemporary, over 10,000 sq ft home on the 18th fairway of Pebble Beach.
For more information about these and other properties, just email Christine.

Trulia Widgets

Christine Monteith — Fri, 13 Nov 2009 00:39:53 +0000

Homes for sale in Pacific Grove

Get this Widget

I really like that my listing at 456 Gibson shows up first on this slide show of available properties in Pacific Grove.