1Q19 Market Update



Below please find a recap of this week’s activity in addition to our 1Q19 Quarterly Update.  The market had a steady week, reporting 6 closed escrows and 5 new sales in our subject regions.  The top of the market woke up with 1 ocean/golf front sale in Pebble which closed for $24M which was 24% off the most recent list price.  We also saw an uptick in activity in the Highlands; the area experienced a quiet first quarter but already had 1 closed escrow and 1 new sale in the first week of 2Q. 


Link to Full 1Q19 Market Report


Pebble Beach
  • CLOSED ESCROW: 1536 Cypress Drive, Sale Price: $24M (24% off most recent list price or 31% off original list price), DOM = 213.

  • CLOSED ESCROW: 1278 Padre Lane, Sale Price: $4M (15% off list price), DOM = 130.

  • NEW SALE: 27 Shepherd’s Knoll, Sale Price: $710K (original = $915K), DOM = 242.

  • ACTIVE LISTINGS: 65 Homes (Country Club West = 15, Country Club East = 6, Central Pebble = 23, the Lodge = 13, Upper Forest = 8), 32 Lots.

Carmel
  • CLOSED ESCROW: 26185 Dolores Street, Sale Price: $3.265M (4% off most recent list price or 18% off original list price), DOM = 247.

  • CLOSED ESCROW: Casanova 3 SE of 10th, Sale Price: $3.295M (full price), DOM = off market.

  • CLOSED ESCROW: 9th Avenue 2 SE of Camino Real Street, Sale Price: $2.9M (2% off most recent list price or 12% off original list price), DOM = 83.

  • NEW SALE: 2996 Franciscan Way, List Price: $3.129M (original = $3.149M), DOM = 219.

  • NEW SALE: Guadalupe 5 SE of 7th, List Price: $2.175M (original =$2.2M), DOM = 179.

  • NEW SALE: Lobos 4 NW of 3rd Avenue, List Price: $1.45M (original), DOM = 135.

  • ACTIVE LISTINGS: 59 Homes (NW Carmel = 7, NE Carmel = 12, SW Carmel = 14, SE Carmel = 7, Carmel Point = 10, Hatton Fields = 9), 7 Lots.

Carmel Highlands
  • CLOSED ESCROW: 30774 San Remo Road, Sale Price: $1.775M (9% off list price), DOM = 9.

  • NEW SALE: 101 Yankee Point Drive, List Price: $2.495M (original), DOM = 4.

  • ACTIVE LISTINGS: 19 Homes (8 Oceanfront), 6 Lots.

Quail / Preserve
  • ACTIVE LISTINGS: Quail Lodge = 5 Homes, 0 Lots.  Quail Meadows = 2 Homes, 1 Lot.  Preserve = 13 Homes, 45 Lots.



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