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Address

6th Avenue 2SW of, San Carlos St.
Carmel-By-The-Sea, CA 93921

Phone

831-747-0310

Email

[email protected]

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What’s the Latest?

Week of April 15th-21st

Property Tips and Tricks

Single Level Homes For Sale in Carmel, CA

Single Level Rules

When choosing a home, there are oh-so-many things to consider. One of the key questions to ask yourself is whether you prefer a single-story or a multi-story home. In this discussion, we’ll explore a few of the advantages and disadvantages of single-story homes to aid your decision-making process.

Single-story homes, also known as ranch-style homes, surged in popularity during the mid-20th century. In 1973, they constituted two-thirds of all new home construction. However, today, they make up less than 50% of new homes.

Enough history..let's get into a few single level home rules.

  1. Easier Maintenance: Tasks such as painting, window cleaning, and stucco or wood repair are simpler with a single-story home.
  2. Energy Efficiency: As cold air descends and warm air ascends, it’s more challenging to maintain a consistent temperature in multi-story homes. This can lead to more frequent use of heating and cooling systems, thereby reducing energy efficiency.
  3. Privacy and Noise Reduction: Single-story homes can provide more privacy and a quieter environment due to less noise transfer compared to multi-story homes.
  4. Accessibility and Safety: Single-story homes offer better accessibility and safety, making them an excellent long-term investment. They are not only suitable for aging in place but also attract a wider range of potential buyers when selling.

However, single-story homes do have some drawbacks. They are more expensive to build due to the need for more slab, excavation, and roofing. Additionally, they occupy more space on the lot, leaving less room for a yard.

Real Estate News

Balog Properties in Carmel CA

Sticking Points

This past week, mortgage rates surged, builders pulled back on building new homes nationwide, and Zillow reported U.S. home prices are up by 4.6% YOY between March 2023 and March 2024.

We also had a couple more losses in the insurance market as two more insurers announced they are withdrawing from the state, affecting 12,556 homeowner policies in California. Non-renewals will go out July 1st, so if you have Tokio Marine America or Trans Pacific, its time to shop around. One green shoot is there is reform on the horizon to try to attract insurers back to the state.

Below is a graph showing the median home sales price by year, going back to 1990. What stands out to you? One thing I noticed is how Monterey County is outperforming the state, and the country, over the past year.
Monterey County Homes

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Jonathan Balog Luxury Realtor Carmel Pebble Beach

Jonathan Balog

DRE# 01980970
Broker
M: 831.747.0310
[email protected]

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Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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Carmel and Pebble Beach Real Estate

JONATHAN BALOG

Broker Associate

831.747.0310

[email protected]

DRE 01980970

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This website is not the official website of Compass, Inc. Compass, Inc. does not make any representation, warranty, or endorse any information, including without limitation its accuracy or completeness, contained on this website. Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527235. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation

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