Sharpen your pencils and get those backpacks and lunches packed. Summer break is over and it’s time to get back into the swing of things – are you ready for the school year? Homework and after school activities here we come! The local real estate market wound down just a tad as the focus shifted to adjusting to school schedules. We reported 6 new sales and 9 closed escrows in our subject regions this week. We hope the school year is off to a great start for you and your families, and may it be filled with growth and plenty of fun. Below please find a recap of our activity this week.
Pebble carried the lead this week, reporting 4 of the total closings: a Mediterranean with views of the 9th Fairway of MPCC sold for $2.65M (7% off most recent list price or 12% off original price) after 3 months on the market, a renovated 1920’s-built Spanish estate in Country Club West sold for 3% off list price at $2.3M (DOM = 29), a cozy remodeled Ranch style home (also near MPCC) sold for $1.665M (less than 1% off list price) after 3 weeks on the market, and an updated vintage single level home in quiet Country Club East clocked in full price at $1.549M after just 1 day on the market. New sales this week were evenly split between Pebble and Carmel: the 3 listings now under contract are a renovated 70’s-built Contemporary on a lush acre-plus lot in Central Pebble (list price: $2.25M, DOM = 133), a completely remodeled home of a similar era in Country Club West (list price: $1.875M, DOM = 210), and a dated Post Adobe with views across the 8th Fairway of MPCC’s Dunes Course and bonus water allocation which is listed for $1.188M (DOM = 18).
Canning Properties Group was honored to represent the buyers of the top sale in Carmel this week: a charming light-filled Modern cottage on a quiet secret street in the Golden Rectangle (sale price: $2.4M, 4% off most recent list price or 15% off original list price, DOM = 145. The other 2 closings in Carmel were a Mid-Century Modern with guest house in Carmel Point which sold for $1.875M (3% off list price) after 3 months on the market and a cozy dated as-is cottage on the East edge of the Golden Rectangle closed for $850K (15% off most recent list price or 17% off original list price; DOM = 43). The new sales in Carmel this week consisted of a charming updated 90’s-built cottage in NW Carmel on the market for approximately 3 weeks (list price: $2.295M), a dated home with separate guest studio on a large in the Golden Rectangle (list price: $2.175M, DOM = 34), and a beloved family cottage in NW Carmel ready for it’s next remodel (list price: $1.895M, DOM = 65).
The Highlands had a closing this week – a 90’s-built ocean view Contemporary perched on over an acre atop San Remo Road rang in at $1.8175M, a 19% discount off list price, after 2 months on the market. There were no new sales to report in the Highlands.
There was 1 closing in Quail Lodge to note: a green-designed condominium unit on Valley Greens Drive sold for $950K, a 5% discount off list price (or 8% off original list price) after a couple of months on the market. There were no new sales in Quail or the Preserve this week.
Pebble Beach
CLOSED ESCROW: 2939 Old 17 Mile Drive, Sale Price: $2.65M (7% off most recent list price or 12% off original price), DOM = 94.
CLOSED ESCROW: 3080 Stevenson Drive, Sale Price: $2.3M (3% off list price), DOM = 29.
CLOSED ESCROW: 3018 Stevenson Drive, Sale Price: $1.665M (less than 1% off list price), DOM = 25.
CLOSED ESCROW: 1114 Mestres Drive, Sale Price: $1.549M (full price), DOM = 1.
NEW SALE: 1642 Sonado Road, List Price: $2.25M, DOM = 133.
NEW SALE: 2908 Oak Knoll Road, List Price: $1.875M, DOM = 210.
NEW SALE: 1054 Mission Road, List Price: $1.188M, DOM = 18.
ACTIVE LISTINGS: 84 Homes (Country Club West = 21, Country Club East = 6, Central Pebble = 35, Lodge = 11, Upper Forest = 11), 32 Lots.
Carmel
CLOSED ESCROW: Casanova & Fraser Way, NW Corner, Sale Price: $2.4M (4% off most recent list price or 15% off original list price), DOM = 145.
CLOSED ESCROW: 2696 Santa Lucia Avenue, Sale Price: $1.875M (3% off list price), DOM = 95.
CLOSED ESCROW: Mission 3 NW of Vista, Sale Price: $850K (15% off most recent list price or 17% off original list price), DOM = 43.
NEW SALE: Lopez 11 NW of 4th Avenue, List Price: $2.295M, DOM = 23.
NEW SALE: Lincoln 5 SW of 10th Avenue, List Price: $2.175M, DOM = 34.
NEW SALE: Dolores 2 NW of 4th, List Price: $1.895M, DOM = 65.
ACTIVE LISTINGS: 95 Homes (NW Carmel = 17, NE Carmel = 24, SW Carmel = 13, SE Carmel = 14, Carmel Point = 17, Hatton Fields = 10), 9 Lots.
Carmel Highlands
CLOSED ESCROW: 193 San Remo Road, Sale Price: $1.8175M (19% off list price), DOM = 63.
ACTIVE LISTINGS: 27 Homes (9 Oceanfront), 6 Lots.
Quail / Preserve
CLOSED ESCROW: 7020 Valley Greens Circle #1, Sale Price: $950K (5% off most recent list price or 8% off original list price), DOM = 70.
ACTIVE LISTINGS: 3 Homes, 1 Lot. Quail Meadows = 6 Homes, 1 Lot. Preserve = 15 Homes, 47 Lots.