Hacienda Carmel Second Quarter Market Update

Hacienda’s prices have dropped drastically over the last year and a half but the units are selling. In the first quarter only one unit sold but since then there has been fifteen sales.

There are currently nine units on the market, with three of those in escrow.

Below are the units that are active:

Unit # Beds Baths Sq. Ft. List Price Original Price Days on Market

70 2 2 960 $495,000 $495,000 151

41 1 1 650 $349,900 $349,900 365

188 2 2 980 $289,000 $318,500 326

64 2 2 948 $257,000 $257,000 24

120 2 1 850 $229,900 $229,900 1

57 1 1 655 $205,000 $259,000 361

Below are the units that are pending:

Unit # Beds Baths Sq. Ft. List Price Original Price Days on Market

170 2 2 950 $290,000 $399,000 395

22 1 1 650 $215,000 $215,000 21

175 1 1 625 $205,000 $259,000 200

Below are the units that have sold in 2009:

Unit# Beds Baths Sq. Ft. Sales Price Original Price Sale Date Days on Market

165 2 2 1165 $381,000 $389,500 3/18/09 638

178 2 2 1100 $372,500 $385,000 7/29/09 41

26 2 2 1100 $372,500 $380,000 4/21/09 23

206 2 2 1180 $370,000 $380,000 9/16/09 191

189 2 2 1100 $350,000 $359,000 10/9/09 4

155 2 2 1310 $350,000 $350,000 4/14/09 301

144 2 2 950 $275,000 $325,000 4/23/09 726

125 2 2 950 $290,000 $299,000 8/26/09 53

157 2 2 1100 $290,000 $299,000 9/1/09 45

241 2 2 948 $290,000 $299,000 6/12/09 283

259 2 2 950 $300,000 $295,000 9/29/09 124

14 1 1 625 $235,000 $275,000 1/29/09 27

86 2 1 $247,000 $249,000 4/7/09 163

255 1 1 625 $230,000 $249,000 7/21/09 58

174 S 1 515 $190,000 $195,000 4/30/09 39

68 S 1 515 $179,000 $179,000 4/9/09 111

What makes one unit sell while others sit on the market for a year or more? It is simple, Price.

The units that are priced correctly when they go on the market are selling in the first three months; otherwise the sellers chase the market down with price reduction after price reduction.

If you would like additional information on the Real Estate market in Hacienda Carmel or any of the unit that are currently on the market please feel free to contact me.

Tina Carpenter 831.521.0231 www.mymontereybayhomes.com