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Happy Birthday Carmel-by-the-Sea

Updated: Mar 7, 2019

Photo by Adi Goldstein on Unsplash

The annual Carmel-by-the-Sea Birthday Party and Parade is this Saturday and all local, tourists and four legged friends gather for this fun affair. We have been experiencing some wonderful summer weather in October, so head downtown and enjoy the festivities and the beach. As always, highlights from this week’s real estate market below:

Pebble picked up the pace after a slow week last week (1 closed escrow and 1 sale) with 5 closed escrows and 2 new sales. The top closed escrow came from the Lodge area – a Mediterranean home located on the second hole at the famed Cypress Point Golf Club that closed at $6.8M (9% off list price). The other closed escrows included a Monterey Colonial on Viscaino Road that closed at $2.7M (8% off list price), an off market Spanish style home on the 1st green at MPCC’s Shore Course that closed at full ask of $2.7M, and a Spanish Bay Condo on the 12th tee that closed at $2.69M (10% off list price).

Carmel slowed this week with 1 closed escrow and 2 new sales. The closed escrow this week was a 2017 Carmel cottage on Dolores and 11th that closed at $3.05M (2% off list price) after previously selling for $2.8M in ’16. The two new sales this week were a Mediterranean cottage on Guadalupe and 6th listed at $2.099M, and a 1930’s cottage in Northeast Carmel listed at $999,900.

Carmel Highlands had one sale this week to match last week’s pace. The sale came from the East side of the highway on San Remo Road listed at $3.649M.

Quail Meadows matched last week with another new sale. 5482 Quail Meadows Drive, a custom Contemporary with a list price of $4.495M, went into escrow after 286 days on the market.

No news to report in Quail Lodge or the Preserve this week.

Pebble Beach
  • CLOSED ESCROW: 1143 Porque Lane, Sale Price: $6.8M (9% off list price), DOM= 434

  • CLOSED ESCROW: 1508 Viscaino Road, Sale Price: $2.7M (8% off list price), DOM= 64

  • CLOSED ESCROW: 1001 San Carlos Road, Sale Price: $2.7M (Sold at full ask), DOM=0

  • CLOSED ESCROW: 63 Spanish Bay Circle, Sale Price: $2.69M (10% off list price), DOM= 190

  • CLOSED ESCROW: 1144 Arroyo Drive, Sale Price: $1.65M (3% off list price), DOM=188

  • NEW SALE: 2822 Raccoon Trail, List Price: $1.225M, DOM=3

  • NEW SALE: 2852 Elk Run Road, List Price: $1.595M, DOM=40

  • CLOSED ESCROW: Dolores 2SE of 11th Avenue, Sale Price: $3.05M (2% off list price), DOM=10

  • NEW SALE: NE Corner of Guadalupe & 6th Ave, List Price: $2.099M, DOM=235

  • NEW SALE: 2 NW Carpenter & 3rd Street, List Price: $999K, DOM= 7

Carmel Highlands
  • NEW SALE: 153 San Remo Road, List Price: $3.649M, DOM=49

Quail Lodge/ Preserve
  • NEW SALE: 5482 Quail Meadows Drive, List Price: $4.495M, DOM=286

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