All posts by Zach Goldman

About Zach Goldman

For over 25 years, I have called the Monterey Peninsula home. This is the place I choose to live, play and raise a family. The natural beauty, cleanliness, recreational resources, diverse event calendar, and tight-knit community are the attributes that are most attractive to me. Having traveled to many amazing coastal locations throughout the world, I can comfortably say that Monterey ranks among the most beautiful places on Earth. As a father, spouse, family member, friend, and Realtor, I listen openly, communicate honestly, speak knowledgeably, and demonstrate dependability to the people in my life. My ears are open…tell me what you are looking for. I will help you locate it. Ask me questions. I will help you find answers. I measure and track market trends, search and find the best buys in town, and know the local real estate market. I welcome you to share with me a passion for the Monterey Peninsula and to work with me to place you in touch with the property you’re looking for. Please contact me at your convenience via one of the methods below. I look forward to working with you. Office: 574 Lighthouse Ave.; Pacific Grove, CA 93950 Phone: 831-392-6993 Fax: 831-375-7790 Email: zach@brattyandbluhm.com Facebook: http://www.Facebook.com/ZachGoldman1 Twitter: http://twitter.com/Zgoldman15 Zach Goldman Phone: (831) 392-6993

Weekly Update: new listings, contracts and sales

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Real Estate Update for 93923
162599881_300.jpg See below for the latest information about the 93923 real estate market. Please let me know if you have any comments or questions!
Zachary Goldman
Goldman Realty
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Real Estate Update for 93940
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Goldman Realty
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Real Estate Update for 93955
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Goldman Realty
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Zachary Goldman wants to connect on Homesnap

Please accept my invitation to connect on Homesnap. Next time you have a real estate question or need advice, contact me via Homesnap. I’m happy to answer any questions you might have.

– Zachary Goldman

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Real Estate Update for 93923
162599881_300.jpg See below for the latest information about the 93923 real estate market. Please let me know if you have any comments or questions!
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Goldman Realty
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Real Estate Update for 93940
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Goldman Realty
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Real Estate Update for 93955
162599881_300.jpg See below for the latest information about the 93955 real estate market. Please let me know if you have any comments or questions!
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Goldman Realty
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The Goldman Report – August 2012

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The Goldman Report – July 2012

Links to more information on…

762 Belden Street, Monterey

41000 Highway 1, Big Sur Coast

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New Listing ~ Huge Ocean Views, New Construction, Custom Finishes ~ Presented by Zach Goldman

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The Goldman Report – April 2012

Links to more information on…

2856 Sloat Road, Pebble Beach

12 Sleepy Hollow Drive, Carmel Valley

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The Goldman Report – March 2012

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The Enclave at Cypress Grove

1113 Arroyo Drive, Pebble Beach

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1113 Arroyo Drive, Pebble Beach, CA – Golf Course Property, $1,995k, 3bd/3.5ba

Zach Goldman | Alain Pinel Realtors | (831) 392-6993
1113 Arroyo Dr, Pebble Beach, CA
Spacious & inviting, golf course & green belt views on Dunes’ 6th fairway. Fantastic theatre!
3BR/3+1BA Single Family House
offered at $1,995,000
Year Built 1974
Sq Footage 3,560
Bedrooms 3
Bathrooms 3 full, 1 partial
Floors 1
Parking 3 Car garage
Lot Size 11,761 sqft
HOA/Maint $0 per month

DESCRIPTION

Spacious & inviting this single level home of very generous size is surrounded by golf course & green belt views on the Dunes’ 6th fairway. Voluminous great room with 8ft windows, 14 ft ceiling & 4 distinct areas to enjoy from a library, dining, media & large sitting areas. Grand kitchen with breakfast bar & sitting area, enormous center aisle. 3 car garage, fantastic theater room & so much more.
see additional photos below
PROPERTY FEATURES

– Central heat – Fireplace – High/Vaulted ceiling
– Walk-in closet – Hardwood floor – Tile floor
– Family room – Living room – Bonus/Rec room
– Office/Den – Dining room – Breakfast nook
– Dishwasher – Refrigerator – Stove/Oven
– Microwave – Stainless steel appliances – Attic
– Washer – Dryer – Laundry area – inside
– Balcony, Deck, or Patio – Yard

ADDITIONAL PHOTOS


Theatre

Front

Entryway

Oversized Living Room

Kitchen

Dining Area

Bedroom

Deck
Contact info:
Zach Goldman
Alain Pinel Realtors
01389092
(831) 392-6993
For sale by agent/broker

Equal Opportunity Housing

Powered by Postlets
Posted: Nov 30, 2011, 1:05pm PST

Carmel Real Estate – What’s happening?

City Carmel, CA
Dates Analyzed November 1 – November 30, 2011
Property Type Single-Family Residential
# of Homes For Sale 162
Avg List Price  $                                1,991,111
Median List Price  $                                1,279,000
# of Homes Sold 20
Sale Price to List Price Ratio 94%
Median Sales Price  $                                1,137,533
Avg Days on Market 128

What’s Selling in Pacific Grove, CA – Listed vs Sold

Number of Homes For Sale vs. Sold in Pacific Grove, CA

The chart above shows us how many homes are for sale compared to how many homes sold in each month over the past 12 months.  We are able to derive the state of the market as a buyer’s or seller’s market, and the amount of activity that’s taking place in the Pacific Grove Real Estate market.  We can also determine when the most sales activity is taking place and the direction that the market activity is headed.

One indication of a neutral real estate market is having 6 months of inventory.  More than 6 months of inventory is an indicator of a buyer’s market and less than 6 months is an indicator of a seller’s market.  The number of months of inventory can be determined by taking the average number of homes selling per month and dividing that amount by the number of properties currently for sale.  In this instance, there are about 12 months of inventory.

We see a spike in sales in June and August, with July following closely.  We are now in a downward trend, moving into the end of the year which is traditionally slower for home sales.

512 9th St, Pacific Grove, CA | Powered by Postlets

512 9th St, Pacific Grove, CA | Powered by Postlets.

Pacific Grove Homes For Sale – What’s Selling in Pacific Grove, CA; July 7, 2011

Pacific Grove Homes For Sale

City Pacific Grove, CA
Dates Analyzed June 30 through July 7
Property Type Single-Family Residential
# of Homes For Sale 88
Avg List Price  $                              1,200,641
Median List Price  $                                 729,450
# of Homes Sold 4
Avg Asking Price  $                                 618,250
Avg Sales Price  $                                 577,000
Achievement Rate 93%
Median Sales Price  $                                 534,000
Avg Days on Market 80
Notes Homes for sale in Pacific Grove number 88.  With approximately 16 homes selling per month in Pacific Grove, there are about 5.5 months of inventory.  This is a great sign, indicating a seller’s market in Pacific Grove.  Achievement rate, percentage of asking price attained in sale, is healthy at 93%.  And homes are selling in just over 2 months.  I’m looking for Pacific Grove to have a strong Summer.

Homes for Sale in Pebble Beach, CA – What’s selling in Pebble Beach; July 6, 2011

Homes for Sale in Pebble Beach, CA

City    Pebble Beach, CA
Dates Analyzed    June 29 through July 6
Property Type    Single-Family Residential
# of Homes For Sale    110
Avg List Price     $3,411,285
Median List Price     $1,996,500
# of Homes Sold    3
Avg Asking Price     $1,781,633
Avg Sales Price     $1,492,333
Achievement Rate    84%
Median Sales Price     $1,525,000
Avg Days on Market    294
Notes    There are currently 9 months of inventory in Pebble Beach.  84% of asking price is being attained.  The average sales price of homes sold in Pebble Beach is almost 1.5 million dollars.

 

Homes for Sale in Carmel, CA – What’s selling in Carmel; July 5, 2011

Homes for sale in Carmel, CA

City Carmel
Dates Analyzed June 28 through July 5th
Property Type Single-Family Residential
# of Homes For Sale 171
Avg List Price  $                              2,159,751
Median List Price  $                              1,399,000
# of Homes Sold 4
Avg Asking Price  $                              2,550,750
Avg Sales Price  $                              2,400,000
Achievement Rate 94%
Median Sales Price  $                              1,687,500
Avg Days on Market 94
Notes Homes are selling in approximately 3 months in Carmel.  This relatively fast under these market conditions.  The average sales price is over 2 million dollars.  But with approximately 16 properties selling per month and 171 active listings, there are about 10 months of inventory.  6 months of inventory is a balanced real estate market.  We are in a buyer’s market.

Homes for Sale in Monterey, CA – July 4, 2011

Happy 4th of July!  Here is what is selling in Monterey, CA this week.  Visit ZachGoldman.com for more information.

City Monterey
Dates Analyzed June 27th through July 4th
Property Type Single-Family Residential
# of Homes For Sale 83
Avg List Price  $                                 718,422
Median List Price  $                                 599,000
# of Homes Sold 4
Avg Asking Price  $                                 403,225
Avg Sales Price  $                                 391,500
Achievement Rate
Median Sales Price  $                                 360,500
Avg Days on Market 69
Notes 4 lovely properties sold in Monterey this week.  3 of the 4 properties sold for under $400k.  This is an indicator that people are looking for affordable properties in Monterey, possibly for investment purposes.

Homes for Sale on the Monterey Peninsula – June 2011

Homes for Sale on the Monterey Peninsula – June 2011

 

City Monterey Peninsula
Dates Analyzed June 2011
Property Type Single-Family Residential
# of Homes For Sale 629
# of Homes Sold 88
Avg Asking Price  $                                 900,995
Avg Sales Price  $                                 844,405
Achievement Rate 94%
Median Sales Price  $                                 552,500
Avg Days on Market 128
Notes 88 properties sold in the month of June in Carmel, Carmel Valley, Monterey, Pacific Grove, Pebble Beach, and Seaside. 629 homes are for sale as of July 1st.  This tells us that we have about 7 months of inventory, a health amount going into Summer.  Historically, July tends to be a bit slower than some other months, but I have a feeling that this is going to be a busy Summer.  Homes are selling for 94% of their asking price.  Sellers want to sell, buyers want to buy, and prices are attractive.

 

 

Seaside, Ca Homes for Sale – What’s Selling? July 1, 2011

City Seaside
Dates Analyzed June 24th through July 1st, 2011
Property Type Single-Family Residential
# of Homes For Sale 56
# of Homes Sold 9
Avg Asking Price  $                                 269,611
Avg Sales Price  $                                 263,761
Achievement Rate 98%
Median Sales Price  $                                 270,000
Avg Days on Market 60
Notes Seaside, CA Homes for sale – this market is very active. I believe that it’s due to the lower price point and investment opportunities that abound in Seaside real estate.

Rental Rates are Surging!

See what rental rates around the country are doing.  It’s a great indicator of what is going on locally in our market.  Are you interested in purchasing rental property, learning how to analyze a property to see if it’s a good investment, do you know anyone who has the same interests?  Now is the time!  If you’re in a conversation with someone who needs my help, please take out your cell phone and call me to discuss how we can be in touch.

What’s selling on the Monterey Peninsula; May 2011

Single-family residential Real Estate statistics for the Monterey Peninsula, May 2011 (see more at www.ZachGoldman.com)

# of Sales Avg Sales Price Median Sales Price Avg Days on Market
Carmel 12  $1,083,492  $790,000 159
Monterey 16  $608,563  $506,000 178
Pacific Grove 7  $623,286  $554,000 93
Pebble Beach 2  $1,282,500  $1,282,500 259
Seaside 22  $273,564  $235,000 82

Commercial Real Estate Markets Stabilizing, Demand Growing – May 25, 2011

Washington, DC, May 24, 2011

The improving economy and job creation mean growing demand for commercial real estate, according to the National Association of Realtors®.

Lawrence Yun, NAR chief economist, said job creation will be the biggest factor moving forward. “Job growth creates demand for commercial space, and the economy should be adding between 1.5 million and 2 million jobs annually both this year and in 2012, with the unemployment rate falling to 8.0 percent by the end of next year,” he said. “Given the minimal new supply in recent years, the rising demand means vacancy rates will be trending down in the commercial real estate sectors. Individual markets are now stabilizing and in some cases rising.”

Read more…

Fast Facts

Fast Facts
Calif. median home price: April 2011: $293,570 (Source: C.A.R.)
Calif. highest median home price by region/county April  2011: Marin $726,060 (Source: C.A.R.)
Calif. lowest median home price by region/county April 2011: Merced $103,890 (Source: C.A.R.)

Calif. Pending Home Sales Index: March 2011: 128.7 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index: Fourth quarter 2010: 69 percent (Source: C.A.R.)

Mortgage rates: Week ending 5/12/2011 30-yr. fixed: 4.63 fees/points: 0.7% 15-yr. fixed: 3.82 fees/points: 0.7% 1-yr. adjustable: 3.11% Fees/points: 0.5% (Source: Freddie Mac)

Foreclosure activity slows in April

Foreclosure activity slows in April
Foreclosure activity slowed in April, and foreclosure filings decreased in Arizona, California, Nevada, and Washington, according to ForeclosureRadar’s latest report.

Foreclosure filings in California fell to lows not seen since fall of 2008. Notice of Default filings declined 25.8 percent, and Notice of Trustee Sale filings decreased 10.9 percent compared with March. On a year-over-year basis, foreclosure filings were down as well, with Notice of Default filings down 28 percent and Notice of Trustee Sale filings falling 31.2 percent from April 2010.

Foreclosure sale cancellations rose 27 percent compared with March, and activity on the courthouse steps slowed.  The average time to foreclose continued to climb, increasing 3.3 percent to 312 days.

More info

Tell Congress that 20% down payments put homeownership out of reach

Tell Congress 20 percent down payments put homeownership out of reach
NAR today issued a Call for Action (CFA) asking REALTORS® and their clients to contact Congress and tell them to make it clear to regulators that a proposed 20 percent down payment requirement was not their legislative intent.  Instead, a more reasonable Qualified Residential Mortgage (QRM) that will keep credit-worthy buyers in the market and able to acquire a loan should be implemented.

NAR believes Congress intended to create a broad QRM exemption, and evidence shows that responsible lending standards and ensuring a borrower’s ability to repay have the greatest impact on reducing lender risk, not high down payments.

According to NAR research, 60 percent of recent home buyers made less than a 20 percent down payment, and it would take 14 years for a typical person to save up a 20 percent down payment to buy a median-priced home.

Proposals that require high down payments will drive more borrowers to FHA, increase costs for borrowers by raising interest rates and fees, and effectively price many eligible borrowers out of the housing market.

Click here for more information on how to contact Congress.

What’s Selling in Carmel, CA; May 10, 2011

Carmel, CA

85 properties have closed escrow in Carmel since the beginning of the year.  The average sales price is $1,253,145, 8% below the average asking price of $1,357,687.

The median sales price for these homes sold in Carmel is $1,011,500.  They were on the market for an average of 139 days before they sold.

There are currently 186 active listings in Carmel.  With approximately 20 homes selling per month in Carmel and 186 active listings, we have just over 9 months of inventory.  This, and the fact that homes are selling for about 8% less than their asking price, are indicators that we’re still in a buyers market.

Interest rates remain low (Interest Rate Information), seller motivation is typically high because there are other real estate opportunities waiting for their money, and Carmel remains and will always be one of the best places to own a home on the planet.

~ Zach
average sales price, median sales price, avg DOM, months of inventory

Escrow Part 3 – What Each Party Does in Escrow

What each part does in escrow:

The Seller:

  • Deposits the executed deed to the buyer through the escrow holder.
  • Deposits evidence of pest inspection and any required work.
  • Deposits other required documents such as tax receipts, addresses of mortgage holders, insurance policies, equipment warranties or home warranty contracts, etc.
  • Fulfills any other conditions specified in the escrow instructions.

The Buyer:

  • Deposits the funds required, in addition to any borrowed funds, to pay the purchase price with the escrow holder.
  • Deposits funds sufficient for home and title insurance.
  • Arranges for any borrowed funds to be delivered to the escrow holder.
  • Deposits any deed of trust or mortgages necessary to secure loans.
  • Approves any inspection reports, the Preliminary Report for title insurance, etc., called for by the purchase and sale agreements.
  • Fulfills any other conditions specified in the escrow instructions.

The Lender (if applicable)

  • Deposits proceeds of the loan
  • Directs the escrow holder on the conditions under which the loan funds may be used.

The Escrow Holder:

  • Opens the order for title insurance.
  • Obtains approvals from the buyer on the Preliminary Report, pest and other inspections.
  • Receives funds from the buyer and/or any lender.
  • Prepare documents (i.e. deed) in accordance with escrow instructions.
  • Prorates insurance, taxes, rents, etc.
  • Disburses funds for the title insurance, recording fees, real estate commissions, lien clearance, etc.
  • Prepares a final statement for each party, indicating amounts to be disbursed for services and any further amounts necessary to close escrow.
  • Records deed and loan documents, if any, delivers the deed to the buyer, loan documents to the lender and funds to the seller, closing the escrow.

New Homes on Bayonet Golf Course; May 6, 2011

I hope you had a wonderful Cinco De Mayo.  The weather has been truly impeccable on the Monterey Peninsula over the past 5 days.  It looks like the fog has finally arrived, but that’s no reason not to come see my new listing at 2 Fairway Drive in Seaside, CA.  This beautiful new high-performance home is located in a gated community, on the 9th fairway of Bayonet Golf Course.

Golf Course Property - 9th Fairway at Bayonet

Be among the first to tour the home this weekend, May 7th, anytime between 10am and 2pm.

Seaside, CA Real Estate – There are currently 40 single-family residential homes listed for sale in Seaside.  The average list price is $328,916.  84 homes in Seaside have sold since the beginning of the year.  That’s an average of 21 per month.  This means that there is only 2 months of inventory in Seaside.  That is extremely low and shows us how the low-end market is moving quickly.  I believe that there are a number of bank-owned homes that are being held back, and expect to see them released over the Summer when more serious buyers are out and about.  The average sales price of home in Seaside since the beginning of the year is $299,549 and they were on the market for an average of 81 days before selling.

Have a wonderful Friday and I look forward to seeing you at 2 Fairway Drive, the new home on the 9th fairway of Bayonet Golf Course, on Saturday.

~ Zach