Quail is out of Hibernation! A Second Quarter Market Update

It seems that spring and now summer hyave helped out the Quail Lodge real estate market; things have finnaly picked up. There was only one property that sold in the first quarter compared to four in the last quarter. There are currently four properties in escrow; which is much more in line with the past healthy Quail market. As I have said before it is all in the pricing!

The second quarter marketplace results are:

• Five proeprties have sold thus far in 2009

7020 Valley Greens Drive #16- Sale price $775,000

7020 Valley Greens Drive #2- Sale price$604,000

8014 River Place- Sale price $965,000

8036 Poplar Lane- Sale price $995,000

8001 River Place- Sale price $1,200,000

• Presently there are seven homes and one condominuium on the market in Quail Lodge and Quail Meadows

5492 Quail Meadows Drive- List price $5,800,000

5472 Quail Way- List price $5,495,000

5461 Quail Meadows Drive- List price $2,995,000

8074 Lake Place- List price $2,250,000

8069 Lake Place- List price $1,499,000

7062 Fairway Place- List price $1,895,000

7068 Valley Greens Circle- List price $1,439,000

7020 Valley Greens Circle- List price $645,000

• There are currently four homes in escrow

7036 Valley Greens Circle

8073 Lake Place

8070 Lake Place

8008 River Place

For more information on Carmel Real Estate visit www.mymontereybayhomes.com