Simply put, we could use a bit more equilibrium in our market. When you compare 2008 to 2018, the data indicates a solid 10 year run. It currently takes half as much time to sell a house as it did ten years ago, values are up about 10% and we have double the number of sales and double the annual sales volume.
With the influx of some highly anticipated IPO's in the Bay Area later this year, there is potential for increased demand in the pipeline. But equity grants typically vest over a number of years and some feel the hype is overblown.
Numbers have been flat so far this year and we are seeing longer marketing periods. Sellers have been testing higher prices, but in the Carmel, Carmel Valley, the Highlands and Pebble Beach, 40% of sales this year reduced from the original listing price and closed around 94% of asking. A correction must certainly be in the cards by 2020.
While it has been a profitable time to be a seller, it's been difficult on the buy side. I've been hard pressed to find a quality property, even a fixer in a good location, under $1.5M and only about 8% of our current inventory is under $1M. Try being a first time home buyer or a local family looking to move up in our market. It's discouraging to say the least.
The majority of our buyers come from the Bay Area and our market is well priced when compared to the communities up North. Some families even choose to live here and commute to the Silicon Valley or San Francisco. But many of these buyers are looking for vacation homes and their demand has pushed our prices higher.
A correction would mean increased inventory, more reasonable pricing, resulting in more sales. That's a win-win for buyers and sellers alike. I say bring it on!
Carmel Realty Company Honored to Receive Two LRE Awards
Who's Who in Luxury Real Estate held their 2025 Luxury Real Estate Fall Conference from September 14th through the 17th at the iconic Hotel Del Coronado in Coronado, CA. The Annual LRE(R) Awards Celebration, now in its 18th year, took place on Wednesday, September 17th, where prestigious brokers from across the globe gathered to share knowledge, experiences, connect with fellow members, and honor the best in the industry. We are proud to have received two of their prestigious awards!
Why Relationships Matter in Real Estate
In luxury real estate, success isn't just about square footage or selling price; it's about trust, access, and long-standing relationships. For over a century, Carmel Realty Company has embodied this principle, building deep connections throughout the Monterey Peninsula that continue to drive exceptional results for clients.
Since 1913, Carmel Realty Company has earned a reputation not just as real estate professionals, but as deeply rooted members of the community. This legacy isn't ...
Bill Mitchell dies at 83
If you never met Bill Mitchell, by all accounts, you should wish you had.
Mitchell, who died March 26, was a man who was decorated for his service as an Air Force pilot in Vietnam, went on to fly commercially for three decades, established what would become the Monterey Peninsula's foremost luxury real estate firm, gave generously of his time and resources — and amidst all of that, managed to squeeze every bit of fun out of life.
Properties with the Most Spectacular Outdoor Living Space on the Monterey Peninsula
Privacy, unique architecture, views, amenities, plenty of space, and areas for entertaining are on the top of every home buyer's list. But the availability of inspiring outdoor living areas transforms a home into a retreat. The following properties, listed by Carmel Realty Company and Monterey Coast Realty, all possess incredible indoor spaces along with truly exceptional outdoor areas to enjoy the mild climate, fresh air, and spectacular scenery of the Monterey Peninsula. Vacation at home every ...
Carmel-by-the-Sea is a longtime favorite destination for people from all over the country for a weekend visit (or longer) and has something that will create memories for everyone. Whether it's a romantic getaway, a girls' trip, a family affair or local stay-cation, if you're looking for a place with the perfect balance of relaxation and entertainment, you'll find it in our seaside village.
Article Archive
| 01/26/2023 |
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The Spring 2023 edition of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach. |
| 10/28/2022 |
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Thank You Carmel Pine Cone Readers - Voted 2022 Best Real Estate Company and Best Place to Work |
| 08/17/2022 |
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The ultimate guide to luxury real estate and life in Carmel and Pebble Beach. - With over 25,000 copies printed, 1913 Luxury By The Sea is the top luxury magazine on the Monterey Peninsula. |
| 08/12/2022 |
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The Fall 2022 edition of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach. |
| 06/25/2022 |
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The Before and After Series | Part Fifteen - Eclectic A-Frame Turned Scandi Chic |
| 02/10/2022 |
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BENCHMARK SALE IN PEBBLE BEACH |
| 02/09/2022 |
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The newest issue of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach. |
| 02/08/2022 |
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Annual Market Report - 2021 - Monterey Peninsula Real Estate 2021 |
| 12/14/2021 |
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The Before and After Series | Part Fourteen - A Carmel Valley Cottage Transformation |
| 10/29/2021 |
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Quarter 3 Market Report - 2021 - Monterey Peninsula Real Estate 2021 |
| 09/15/2021 |
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The Before and After Series | Part Thirteen - Vintage Monterey Colonial to Romantic Mediterranean |
| 08/26/2021 |
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The Summer/Fall 2021 issue of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach |
| 08/25/2021 |
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Quarter 2 Market Report - 2021 - Monterey Peninsula Real Estate 2021 |
| 05/21/2021 |
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Protecting Your Home Against Fire - Tri-Max Fire Suppression Technology |
| 04/16/2021 |
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Quarter 1 Market Report - 2021 - Monterey Peninsula Real Estate 2021 |
| 02/19/2021 |
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Striking Real Estate - Highlighting the Monterey Peninsula's Beautiful Architecture |
| 02/12/2021 |
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The Course is Open - Sportswriter Alan Shipnuck Explains the Gift of Golf |
| 12/03/2020 |
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A Buyer's Guide In A Seller's Market |
| 08/17/2020 |
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Moving on Down: The Exodus from The City |
| 05/13/2020 |
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Persevering during the crisis: A realtor's perspective. |
| 04/18/2020 |
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Q1 2020 Market Report - My COVID-19 Response |
| 02/10/2020 |
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Obtaining Homeowners Insurance on the Monterey Peninsula - 2020 Update |
| 01/31/2020 |
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The Winter/Spring 2020 issue of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach |
| 12/20/2019 |
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The Before and After Series: Part Twelve - Coastal Cool |
| 09/17/2019 |
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The Before and After Series: Part Eleven - A Tired '80s Valley Retreat Turned Rustic Contemporary |
| 02/01/2019 |
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The Spring 2019 issue of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach |
| 01/30/2019 |
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California's Homeowners Insurance - Facts: Obtaining Homeowners Insurance in California |
| 10/14/2018 |
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What is Prop 5? - Let's get the facts and get out there and vote! |
| 08/08/2018 |
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The Fall 2018 issue of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach |
| 07/25/2018 |
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Relationships Matter - Relationships are the most critical aspect of the real estate business. |
| 07/13/2018 |
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Global Buyers [Or the Lack Thereof} on the Monterey Peninsula - Where do our buyers come from? |
| 06/14/2018 |
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Seasonal Trends in Our Market - A Look at Monthly Historical Data |
| 05/09/2018 |
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Competing Against All Cash Buyers |
| 04/11/2018 |
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New With The Old - The Before and After Series: Part Ten |
| 03/08/2018 |
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Property Pick of the Week! - Vizcaino 1 NW Flanders Way, Carmel-by-the-Sea |
| 02/22/2018 |
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The newest issue of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach |
| 02/09/2018 |
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Property Pick of the Week! - 2848 Santa Lucia Avenue, Carmel |
| 01/31/2018 |
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Property Pick of the Week! - 12 Abinante Way, Monterey |
| 01/13/2018 |
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Property Pick of the Week! - 16 Scarlett Road, Carmel Valley |
| 12/16/2017 |
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Property Pick of the Week! - 2990 Red Wolf, Carmel |
| 11/09/2017 |
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Property Pick of the Week! - 931 W Carmel Valley Road, Carmel Valley |
| 10/21/2017 |
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Property Pick of the Week! - 93 Alta Mesa Circle, Monterey |
| 10/14/2017 |
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Property Pick of the Week! - 1285 Padre Lane, Pebble Beach |
| 10/05/2017 |
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Property Pick of the Week! - 26174 Dolores Street, Carmel |
| 09/21/2017 |
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Property Pick of the Week! - 32680 Coast Ridge, Carmel Highlands |
| 09/06/2017 |
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Property Pick of the Week - 26324 Valley View Avenue |
| 08/31/2017 |
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Property Pick of the Week! - 1475 Manor Road, Monterey |
| 08/08/2017 |
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The newest issue of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury real estate and life in Carmel and Pebble Beach |
| 07/21/2017 |
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Property Pick of the Week! - 25116 Hatton Road, Carmel |
| 07/08/2017 |
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Property Pick of the Week! - 26152 Ladera Drive, Carmel |
| 07/01/2017 |
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Property Pick of the Week! - 539 Paseo Venadis, Carmel |
| 06/24/2017 |
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Property Pick of the Week! - 26245 Dolores Street, Carmel |
| 06/09/2017 |
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Property Pick of the Week! - 6 Miramonte, Carmel Valley |
| 05/19/2017 |
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Property Pick of the Week! - 1340 Jacks Road, Monterey |
| 05/11/2017 |
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Property Pick of the Week! - 3rd Avenue 2 SE Lincoln, Carmel-by-the-Sea |
| 05/05/2017 |
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Property Pick of the Week! - 2800 Santa Lucia, Carmel |
| 04/20/2017 |
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Property Pick of the Week! - 3226 San Lucas Road, Carmel |
| 04/14/2017 |
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Property Pick of the Week - 50 Encina, Carmel Valley |
| 04/07/2017 |
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Property Pick of the Week! - 911 Monterey Circle, Monterey |
| 03/23/2017 |
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Property Pick of the Week! - 26263 Scenic Road, Carmel |
| 03/03/2017 |
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Property Pick of the Week! - 1010 Broncho Road, Pebble Beach |
| 02/24/2017 |
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Property Pick of the Week! - 3088 Valdez Road, Pebble Beach |
| 02/17/2017 |
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Property Pick of the Week! - 9301 Holt Road, Carmel |
| 02/10/2017 |
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The newest issue of 1913 Luxury by the Sea is now available! - The ultimate guide to luxury homes and life in Pebble Beach and Carmel. |
| 02/10/2017 |
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Property Pick of the Week! - San Antonio 3 NE Ocean, Carmel-by-the-Sea |
| 02/02/2017 |
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Property Pick of the Week! - 6250 Brookdale, Carmel |
| 01/27/2017 |
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Property Pick of the Week! - 162 Spindrift, Carmel |
| 01/20/2017 |
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Property Pick of the Week! - Carmelo 4 SE 12, Carmel-by-the-Sea |
| 01/12/2017 |
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Property Pick of the Week! - Dolores 2 SE 11, Carmel-by-the-Sea |
| 01/06/2017 |
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Property Pick of the Week! - 2656 Walker Avenue, Carmel |
| 12/15/2016 |
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Property Pick of the Week - 2568 Santa Lucia Avenue, Carmel |
| 12/09/2016 |
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Property Pick of the Week - Carmelo 3 SW 11, Carmel-by-the-Sea |
| 12/01/2016 |
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Property Pick of the Week! - 3 NE Casanova and Ocean |
| 11/17/2016 |
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Property Pick of the Week! - 25647 Hatton Road, Carmel |
| 11/10/2016 |
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Property Pick of the Week! - 7985 Carmel Valley Road |
| 11/03/2016 |
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Property Pick of the Week! - Casanova 3 NE 11, Carmel-by-the-Sea |
| 10/27/2016 |
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Property Pick of the Week! - 10 2 NW Camino Real |
| 10/13/2016 |
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Property Pick of the Week! - 8990 W Carmel Valley Road |
| 10/06/2016 |
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Property Pick of the Week! - 7543 Fawn Court, Carmel |
| 09/29/2016 |
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Property Pick of the Week! - Southwest Corner of Scenic & Ocean |
| 09/23/2016 |
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Property Pick of the Week! - 216 1st Street, Pacific Grove |
| 09/15/2016 |
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Property Pick of the Week - Santa Fe 5 SW 8, Carmel-by-the-Sea |
| 09/08/2016 |
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Property Pick of the Week - San Carlos 2 NW 13, Carmel-by-the-Sea |
| 10/07/2015 |
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Inspired by Land and Sea: A Rustic Home Restored - The Before and After Series: Part Nine |
| 08/22/2015 |
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Perfection and Privacy in Monterey - The Before and After Series: Part Eight |
| 06/06/2015 |
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Spanish Bay Redefined - The Before and After Series: Part Seven |
| 04/08/2015 |
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Carmel Realty Company at Christie's International Realty Owners Conference |
| 03/13/2015 |
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An '80s Valley Home Now Contemporary Perfection - The Before and After Series: Part Six |
| 01/14/2015 |
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Dated Beach Cottage Transformed with a Northern European Flair - The Before and After Series: Part Five |
| 12/09/2014 |
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A 1946 Mid Century Modern Turned Uber Hip - The Before and After Series: Part Four |
| 11/14/2014 |
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A Tired 1940 Project Turned French Country Cottage - The Before and After Series: Part Three |
| 10/24/2014 |
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Transforming A 1950 Bungalow to a Luxurious Beach Cottage - The Before & After Series: Part Two |
| 10/13/2014 |
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Passé 1970's to Chic Contemporary - The “Before and After” Series: Part One |
| 04/14/2014 |
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The Luxury Golf Lifestyle of Pebble Beach - Living the luxury golf lifestyle of Pebble Beach is a privilege. |
| 04/10/2014 |
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The unique architecture of the Monterey Peninsula - The areas of Carmel-by-the-Sea and Pebble Beach are rich with architectural grandeur. |
| 04/08/2014 |
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The timeless landscape of the Monterey Peninsula - The rocky cliffs of Pebble Beach and Carmel-by-the-Sea's beaches are just the beginning to the beauty offered by the Monterey Peninsula. |
| 08/05/2013 |
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Coming Soon - New Agent Offices at Dolores & 8th - Carmel Realty Company's New Agent Offices |
| 05/06/2013 |
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Mitchells to receive lifetime achievement award in real estate |
| 04/29/2013 |
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Bill & Vicki Mitchell recipients of Luxury Real Estate Lifetime Achievement Award |
| 04/29/2013 |
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Carmel hosts Luxury Real Estate Conference |
| 01/02/2013 |
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A New Year, A New Office for Monterey County Realty |
| 12/12/2012 |
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Carmel Realty Company honored with the Chamber's Award of Excellence |
| 11/28/2012 |
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Carmel Realty Company Celebrating 100 Years in 2013 |
| 10/26/2012 |
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Carmel Realty Company Earns 2nd Golden Pine Cone for Best Realty Company |
| 10/21/2011 |
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THE RESULTS ARE IN - CARMEL REALTY COMPANY VOTED BEST REAL ESTATE COMPANY |
| 06/06/2011 |
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Landmark Oceanfront Carmel Home Undergoes Spectacular Renovation |
| 10/29/2010 |
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Local Realtors Hit the One Billion Dollar Mark - Who says the local real estate market is suffering? On the contrary, at Carmel Realty Company business is expanding rather than contracting. |
| 10/27/2010 |
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LuxuryRealEstate.com Awards Carmel Realty Team |
| 09/30/2010 |
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Who's Who in Luxury Real Estate Award Winner! |
| 09/10/2010 |
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New Ocean Avenue Office |
| 07/15/2010 |
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Greywater Recycling |
