Carmel-by-the-Sea was founded in 1913 and has a long and rich history. It is widely lauded as a laid-back, artistic village, with many of its downtown homes built around wine-tasting rooms, art galleries, family-owned restaurants, and more. In terms of real estate, the area is known for its characteristic Gingerbread House style and cottages. All the houses have names instead of physical addresses, adding immensely to the small-town, fairytale charm. If you are considering a Carmel-by-the-Sea investment, here are several pointers to help make your purchasing journey seamless.
Carmel-by-the-Sea Real Estate
Carmel-by-the-Sea homes are considerably expensive. Within the highly desirable and competitive real estate market, the median home value is $1.3 million. Some people find this price too steep and choose to rent instead. In fact, 36.3 percent of the occupied homes in Carmel-by-the-Sea are rented. The average rent value of these homes is $2,063 a month.
How to Find a Home in Carmel-by-the-Sea
But if you prefer to own a home rather than rent it, your biggest decision will be where in Carmel-by-the-Sea to set down roots. The different neighborhoods in the town offer different house sizes, communities, amenities, views, accessibilities, and price points. Your Carmel by the Sea real estate agent can help you navigate the following options:
Golden Rectangle (SW Carmel)
The Golden Rectangle is widely considered the most luxurious neighborhood in the area due to its proximity to Ocean Avenue and Carmel Beach. On average, the lots in this area are 40′ by 100,’ which provides you with just enough space for some gardening and pets. The homes are typically one-garage and 1,600 square feet in size, but the prices tend to be high due to the magnificent ocean views.
Carmel Point
Carmel Point is flatter than other neighborhoods, so the lot sizes tend to be bigger than the typical 1,600 square feet. This means you can get a larger home. Because it has fewer ocean views, Carmel Point receives fewer tourists and feels more local and private. However, its distance from Ocean Avenue means you might need to drive back and forth.
Hatton Fields
If you have a family or would like to raise one, consider Hatton Fields. It is more family-friendly and features larger lots while maintaining proximity to downtown Carmel. Hatton Fields is also warmer because it is further from the water and is more forested than other neighborhoods.
Northwest Carmel
Northwest Carmel is a hidden gem. While it is less flat than Carmel Point, it is close to Ocean Avenue and the beach. It is quiet and less touristy, and the lots are slightly larger than in other neighborhoods. You can usually find a 3-bedroom, 3-bath home in Northwest Carmel.
Northeast Carmel
Northeast Carmel is ideal for homebuyers on a budget. The homes are private but sold at lower prices, and residents can easily access downtown Carmel.
Hire the Best Carmel-by-the-Sea Real Estate Agent(s)
There is no better way to buy a Carmel-by-the-Sea home than with a real estate agent by your side. Born and raised in Monterey Peninsula, Tim Allen is well-versed in Carmel-by-the-Sea’s market and local dynamics. He is also a widely recognized and successful agent who has helped many homebuyers like you find the perfect home. If you are ready to start looking, call Tim Allen’s office today to learn how he can help you.