Happy Cinco De Mayo! Do you know the origin of this day? According to Wikipedia, the date is observed to commemorate the Mexican Army's unlikely victory over French forces at the Battle of Puebla on May 5, 1862, under the leadership of General Ignacio Zaragoza. In the U.S. the date has become associated with the celebration of Mexican-American culture. In Mexico, the commemoration of the battle continues to be mostly ceremonial, such as through military parades. MARKET STAT

Last week we had an 8% increase in inventory. Sales and new escrows are up as well. Overall, it's been a very positive week! Let's take a look.... MARKET STATISTICS Here’s the summary of Monterey Peninsula real estate activity reported on MLS for the week of March 10th: New listings – 29 Off Market - 12 New escrows – 38 Closed sales – 33 Largest sale - $8 Million in Carmel Inventory – 439 Price reductions – 29 32% of new listings were over $1 million. Salinas and Seaside list

It's a great time to explore the area, now let's explore the local market!

Quick overview of the local Monterey Peninsula Market

MARKET STATISTICS Here’s the summary of Monterey Peninsula real estate activity reported on MLS for the week of March 10th: New listings – 53 Off Market - 10 New escrows – 35 Closed sales – 34 Largest sale - $3.3 Million in Pebble Beach Inventory – 430 Price reductions – 21 This week we had a strong surge in new listings, nearly doubling last week's numbers. Both closed sales and new escrows increased by 25%, and price reductions inched up slightly. Here are some highlights:

Local Real Estate news

Temperatures warmed up this week. Let's see if the market did the same...

It has been a busy week for PG&E, emergency crews and tree removal companies! The storms downed trees in every town on the Peninsula and at some point or another, we were all dealing with power outages. This week has been a good reminder of how important it is to be prepared for disasters. I need to do a better job of not letting my gas tank run down to empty. A colleague of mine spent hours on Highway 101 waiting to turn around after Coyote Creek flooded the freeway. Anothe

The weather outside is frightful so be careful out there and stay dry! Forecasts call for wind and rain all weekend. Numerous local cities on the Peninsula are without power right now so make sure you have your flash light handy and keep the refrigerator closed! MARKET STATISTICS Here’s the summary of Monterey Peninsula real estate activity reported on MLS for the past seven days: New listings – 46 Off Market - 12 New escrows – 31 Closed sales – 20 Largest sale - $6.05 Millio

The ATT is in full swing and we are heading into the weekend with some positive weather news. My Iphone shows a temperature of 56 on Saturday and Sunday calls for 61 and sunny. I was working ticket sales this morning and it is clear that cloudy weather does not seem to deter the spectators.When you love golf, I guess it just doesn't matter! Parking is at CSUMB again this year and buses are shuttling everyone to the tournament. Remember to read the rules about what you can bri