The Carmel Pine ConeThe Carmel Pine Cone …

1 More than 180 Open Houses this weekend!The Carmel pine ConeThe Carmel pine ConeRealEstateRealEstateSECTION RE July 31 - August 6, 2009 SECTION RE July 31 - August 6, 2009 ENGLISH COUNTRY ESTATE This week s cover home is presented by John Saar of John Saar Properties (see page 2RE)2 RECarmel pine cone Real Estate July 31, 2009 Real estate sales the week of July 12 - 21, 2009 See HOME SALES page 8 RELISATALLEYDEANB roker Associate| S REAL ESTATETRANSACTIONS ARE COMPLEXWe make them DUCHESNEMARKDUCHESNEMBA | Broker DUCHESNEL opez Street, NW corner of 4th, Carmel $3,500,000 CarmelEscolle Way $639,000 Daniel De Souza to Mathias KolschAPN: 009-161-011 Lobos Street, SE corner of 2nd $980,000 David and Laurel Whorf to John and Anne KopaczAPN: 010-012-0182638 16th Avenue $1,055,000 Robert Strejc and Judith Sutton to Robert Brownell and Katherine RallsAPN.

2 009-502-002 Santa Rita Street, SE corner of 4th $1,360,000 Wycoff Corporation and Gary and Deborah Stowe to Susan Van StirumAPN: 010-036-01324620 Upper Trail $1,400,000 Barbara Tudhope to Carla Van StirumAPN: 009-072-027 San Antonio, SW corner 2nd $2,500,000 Richfield Holdings LLC, a Nevada company, to Lewis Nelson and Sons, : 010-321-015 The Carmel pine ConeReal EstateJuly 31 - Aug 6, 2009 ENGLISHCOUNTRY ESTATEC armel ValleyEnjoy fabulous, 10 acre view rolling outbelow you from the main house, guest house,pool house and outdoor entertainment ofsprawling meadows and massive, ancientoaks in the distance.

3 The barn and caretakerscottage, tennis court and corral are just out ofsight. With a 2,500 acre ranch next to theproperty there is a feeling of expansivenessand exhilarating theCoverJohn or AllenTim AllenpresentsAl Smith s Carmel Legends Allen Coldwells Banker s Top-Selling Agent for 15 years runningCHOOSINGYOURAGENT ISYOURMOSTIMPORTANTDECISIONTim Allen (831) 214-1990 DRE#00891159 in 1987 & 1988, and previously published in The pine ConeA curious little publication, sort ofReaders Digest size, has come into ourhands, courtesy of Dr. John Baldwin whosquirrels away such treasures.

4 It is simplytitle Carmel 1937, and was issued inthat year. The ads are fascinating, and thehistorical notes in its 12 pages prove thatthe more things change the more they staythe same. Carmel , as a city, was only 35years old, but already it had acquired thestatus of a many-faceted legend. Of great-est interest is an 8-page insert (see, noth-ing is new) which lists the owners and the cute names of 850 Carmel them is Mee Too on CrespiLane, and We Too on Dolores. There are6 Casas : Blanca, Contenta, Mia,Antigua, Lobo and del Pinar.

5 Oaks arebig, going from Oaks to Oak Bower toOak Thicket to Ye Oaks to There s a High Tide on San Antonio and a LowTide on Scenic. Wee House was popu-lar, with one on Bayview and another onSan Antonio. There were a lot of La s with Casita, Esperanza, Fuenta, Paloma,etc. There was Land Ho and WestwardHo no Don Ho. Sleepy Hollow onsouth Monte Verde was quite a ways from Sleepy Valley on north Dolores. Green was the favorite color, with Gate,Gates, Village, Lantern, Leaf, Lettuce andDragon. It s reassuring to know that cre-ativity has always been in on a hill-top plot of forested land with views of Point Lobos we bring to the market this gracious 5325 sq.

6 Ft. and 640-foot guestcottage. Offering 5 bedrooms, baths, country kitchen, family room, ocean view master suite, 3-car garage, ocean-view terrace on aprivate, five-acre parcel. The home offers beamed ceilings, French doors and enthralling views of Point Lobos. Sounding too good to betrue, this home proudly lives up to the words dreams are made Country Comfort. $3,999,000 Carmel CARMELCOUNTRYCOMFORTS ited on a granite cliff with steps to Otter Cove, accented by massive rock outcroppings and a sandy beach, these 'postcard' views areyours forever and all from the home known as, "Sea Stone".

7 With access to 2 private beaches this 3 bedrooms, baths, 3900 sq. literally takes your breath away. Dramatic pole & timber construction allows for floor to ceiling walls of glass melding perfectlywith nature in this granite and redwood home sited high above the the Otters go to Play. $6,195,000 CARMELHIGHLANDS WHERE THEOTTERS GO TOPLAYJuly 31, 2009 Carmel pine cone Real Estate 3 RERepresenting the finest propertieson the Monterey Peninsula831) Banker The Lodge Office Pebble Beach, CaliforniaTom Bruce TeamTop 1% Award Winning Sales LeaderTom & Annette BruceKatherine Bruce FilbinSunset Idea House on 2 Ocean View Acres, New Construction1920 s Old Spanish plus Guest House on Ocean View AcresStunning Mediterranean, 6,900 square feet on Sunny AcresMONTERRA RANCH $5,750,000 PEBBLE BEACH LOT WITH PLANS $4,450,000 MONTERRA RANCH $3,950,000 Magnificent Ocean View Estate Just Steps to The LodgePEBBLE BEACH OCEAN VIEW HOME ON MPCCPEBBLE BEACH 4 bedrooms and 4 baths.

8 $4,950, MPCC SPANISH REVIVALPEBBLE BEACH 4 bedrooms and baths.$3,345, IN SHOWCARMEL 3 bedrooms and bathroomsincluding guest house.$2,595, RIVER MEADOWSCARMEL VALLEY 4 bedrooms and bathrooms.$2,950, FOR A PERFECT 1031? Carmel VALLEY RANCH The lifestyleawaits you: world class tennis, clubhouse,weather & golf.$785, OPEN SUN 2-4 OPEN SUN 2-44 REThe Carmel pine ConeJuly 31, 2009 Continues next page 2nd Quarter ReportIN THE early days of the real estatedecline, it was the lower-priced markets thattook the bighits. We allknow the sto-ries of under-qualified buy-ers, sub-primeloans, dramat-ically in-creased pay-ments on vari-able mort-gages and thesubsequentexplosion de-cline in valueswas the Monterey Peninsula, Marina andSeaside were poster babies for the roughtimes.

9 Seaside s median sale price peaked in2006 at $670,000, slipped in 2007 to$619,000, and then plunged to $326,000 in2008. The first two quarters of this year themedian sales price has been $282,500 in thefirst quarter and $266,000 in the suffered a similar fate, peaking in2005 with a median sales price of $675,000,falling to $400,000 in 2008 and to $324,250in the most recent quarter. Furious activityspurred by the abrupt price decline pushedup the dollar volume for both towns in 2008,and continues to do so even stupendous Market Barometer read-ings (percentage of listings in escrow) forMarina and Seaside July 1 73 percent inSeaside and 56 in Marina should result instrong dollar volume in the next quarter.

10 High end also downWhile crashing prices, foreclosures andlarge numbers of bargain-basement saleshave prevailed in cheaper local markets formore than two years, sales activity in theelite markets of Carmel , Carmel Valley,Pebble Beach and Carmel Highlands hadbeen making a relatively orderly retreat. Butmarket tranquility and order ceased when thefinancial crisis hit last huge decline has been in dollar vol-ume. Comparing the second quarter of 2008to the same period in 2009, Carmel wasdown $53,495,000, a decline of 65 percent;Pebble Beach was minus $38,637,000, or 60percent, and Carmel Valley a negative$10,912,755, which was a slide of 43 per-cent.