It’s New Year’s Eve and I can’t believe how fast the year has gone by. I’m sure everyone is getting ready for their version of the perfect celebration. Some will be going to New Year’s parties and others will be staying in for a quiet night with family and friends. Whatever you do, enjoy your evening and be safe!
The Peninsula has been very busy this week as visitors come to enjoy all that the area has to offer. The weather has been cooperating and we’ve enjoyed sunny days and warmer temperatures. Monterey is holding its annual First Night event. It is a festive New Year’s Eve community arts celebration designed all ages. The streets of historic downtown Monterey come alive, and are transformed into a festive setting featuring an array of displays, food and performances by musicians, dancers, singers, poets, and other entertaining artists. Music styles offer a wide selection of classical, folk, jazz, salsa, reggae, rock and world music, with many featured groups performing at more than 20 indoor and outdoor venues. If you don’t have plans, you might want to check it out.
THIS WEEK'S MARKET STATISTICS
Here’s the summary of Monterey Peninsula real estate activity reported on MLS for the past seven days:
· New listings (net) – 8
· New escrows (net) – 15
· Closed sales – 20
· Largest sale - $3.5M in Pebble Beach
· Inventory – 422
· Price reductions – 10
As expected, the market was fairly quiet this week. The largest sale was in Pebble Beach in the Lodge area. It was on the market for 219 days and sold for 16.5% below original list price. It was built in 2007,had 5 bedrooms and was 4300 SF. Price per foot was $812. 61% of closed escrows this week were under $1 million. As we’ve seen all year, homes below $1.5 million continue to move. We’ll see what happens as the new year begins!
5 Home Design Fads That Are Out in 2017
DAILY REAL ESTATE NEWS | FRIDAY, DECEMBER 30, 2016
Gray. Once the hottest color, gray is now looking gloomy. "It's been overdone," says Tanya Campbell of Denver-based Viridis Design Studio. "Diversity in the palette will strike a contrast. We may even see a transition from gray color palettes to warmer mochas and taupes."
The glam look. This style's signature is bold whites, bright silvers, and deep blacks, which have been popular in kitchen and bathroom designs. "We're going to leave the glam era behind. That slick, stark, severe minimalism will be replaced with warmer elements," says interior designer Bea Pila. "At the end of the day, we're seeking a deeper comfort level in our personal spaces. That perfect showroom feel we were once into doesn't make this possible."
Shiplap. Shiplap surged to popularity as Joanna Gaines, host of HGTV's "Fixer Upper," turned to it as her go-to remodeling piece. But realtor.com® notes: “If you’ve ever wondered what 2016's version of tacky wood paneling would be, look no further than this trend that seems to have overtaken TV design shows." It's difficult to remove, and designers now say it often makes little sense to use, particularly in a Colonial or Tudor home style.
White-on-white kitchens. White everything in the kitchen — from countertops to cabinetry and even the floor — is fading fast. "It's just too much," says Sara Chiarilli, a designer at Sarasota, Fla.-based Artful Conceptions. "This trend started to go in 2016, but you will find it completely gone in 2017." That said, Chiarilli predicts that whites will stick around, but they will take on more depth and tones in kitchens in the new year.
Copper. Expect to see less of this heavy metal in 2017. Copper fixtures are another trend on the chopping block in the new year, realtor.com® notes.
Have a great weekend