The Monterey Peninsula Real Estate Market is recovering. The housing market that has been plummeting has finally stabilized and is projected to rise in 2012.

The incomparable lifestyle and natural beauty that this area has to offer, has helped limit the loss in property values however, Pebble Beach/Carmel sellers realize today's property values are not worth what they were 5 years ago and therefore, the price disconnect is vanishing. Local sellers understand that today's buyer will buy only if they feel they have purchased value and will not over pay for a property.

Smart money leads the market recovery by purchasing high end properties. Pebble Beach recent sales have closed for $18,750,000, $16,700,000, $10,225,000 and $9,500,000.

Now is the time to buy. Take advantage of record low property prices and record low mortgage rates before property values begin to rise.