More Signs that Housing Market is Stabilizing as New Year Begins « Coldwell Banker SF/Bay Area Weekly Market Watch
RE: Housing Market from Coldwell Banker’s Rick Turley
Fourth quarter Golden Rectangle plus Carmel Point wrap up
There were 11 sales in the final quarter of 2011 for the Golden Rectangle plus Carmel point. This would represent a bit of a slowdown compared to previous three quarters but typical for this time of year. The highest sale for the quarter was $3,750,000. There were 4 sales of two million dollars or more, 5 sales of one million to two million dollars and 2 sales under one million dollars. Inventory has remained fairly constant at or around 55 active listings though the quarter which represents approximately a 10.8 month supply. This year Tim Allen was fortunate to have been involved in more than 60 transactions representing more than 147 million dollars. Tim represented the buyer or the seller in nearly 1/3rd of all the transactions for Carmel’s Golden Rectangle and Carmel Point. When choosing your agent, choose Experience, Integrity, Results!




