Dear Reader, Yesterday I posted Anne's and my observations of the Carmel, CA home sale market as an indicator of real estate trends in California, by far the U.S.'s largest state. In that post, I referenced Lawrence Lyonhardt, a prominent Carmel area Realtor with many years of experience in that market. and I shared with you a chart he regularly compiles to show home sales activity throughout the Monterey Bay Area of which Carmel is a part. http://www.lyonhardt.net/ Lawrence kindly sent me an email commenting on Anne's and my observations and I thought you would appreciate seeing his comments:
Dear Dick,
Nice to hear from you. And thanks for putting in that link to my Market Update. I read your comments about the Carmel market and wanted to comment on your assessment of properties for sale. Truthfully, we have had a pretty consistent number of homes on the market at any one time with surprisingly little fluctuation for the past 2-3 years. I know it doesn't seem that way. In fact, I just checked it again a few days ago and we actually have fewer than the normal number of active listings. The same thing applies to open houses.
I hear this a lot from people off the street who stop at our Ocean Avenue office, "why are there so many homes for sale in Carmel." There are 135 actives and 35 pendings, so there should be 170 signs out and about.
I hope we can have time to talk the next time you're here. I enjoy discussing the market, as you might imagine.
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