Happy Easter from CPG


Photo by Victor Larracuente on Unsplash

We hope you have a fun-filled Easter weekend!  There are dozens of events on the Monterey Peninsula, which will you be attending?  Please visithttps://www.seemonterey.com/events/holiday-events/easter/ for a list of local holiday related festivities.  Whether you’ll be hunting for eggs or indulging in a tasty brunch, we wish you a Happy Easter entailing activities with loved ones and R&R.  We had a productive week in the local real estate market, with Carmel reporting the most activity of our subject regions.  Below please find a recap outlining the week:

Two closings in Pebble this week included a newly constructed contemporary build near the Lodge, which sold at an 11% discount off list price after 3 weeks on the market (sale price: $8.85M), and a Mediterranean build in the Upper Forest which was on the market for less than 3 weeks (sale price: $2.55M, 2% off list price).  There was 1 new sale in Pebble – a centrally located remodeled ranch style home which was on the market for 2 months (list price: $1.45M).


Carmel had a hot streak this week and rang in 4 closed escrows in addition to 10 new sales.  Closings this week consisted of an ocean view Mediterranean near the Carmel Mission which sold for $2.889M (7% off most recent list price or 8% off original list price) after 7 months on the market, a 90’s-built home with guest structure near Mission Trails Park and the Forest Outdoor Theater (sale price: $2.05M, 14% off list price, DOM = 245), a 12-year-old cottage located 4 blocks from the beach in the Golden Rectangle which was on the market for 1 month (sale price: $2.125M, 5% off most recent list price or 7% off original list price), and an oversized updated vintage 2 story cottage which sold for full price ($1.375M) after listed for 1 month.  The 10 new sales this week in the region included: a tastefully updated ocean view home with guest house in Carmel Point (list price: $6.6M, DOM = 151), a renovated ‘80’s contemporary home with views in NW Carmel which was on the market for 5 days (list price: $4.25M), a Tescher designed craftsman in the Golden Rectangle (list price: $2.995M, DOM = 16), a vintage post-adobe in Carmel Point with views of River Beach and the lagoon (list price: $2.995M, DOM = 64), a ranch style home in Hatton Fields sited on a park-like lot which was on the market for just 3 days (list price: $2.75M), a classic board and batten charmer in NW Carmel which was listed for 1 week (list price: $2.395M), a cozy updated vintage 2 bed/2 bath in NE Carmel (list price: $1.595M, DOM = 16), an remodel opportunity with abundant water fixture credits on Highway 1 (list price: $1.299M, DOM = 239), a dated oversized home in NE Carmel (list price: $1.295M, DOM = 47), and a small vintage cottage in NE Carmel in need of TLC (list price: $915K, DOM = 96).


Canning Properties Group is honored to represent the buyers of the lone closing in Quail/the Preserve this week – a stunning custom traditional home on a 3.5 acre oak studded lot in Quail Meadows, which sold for 7% off most recent list price or 14% off original list price at $4.1875M (DOM = 286).


There was no activity to report in the Highlands this week.


Pebble Beach
  • CLOSED ESCROW: 1487 Padre Lane, Sale Price: $8.85M (11% off list price), DOM = 31.

  • CLOSED ESCROW: 4134 Sunridge Road, Sale Price: $2.55M (2% off list price), DOM = 20.

  • NEW SALE:  2862 Congress Road, List Price: $1.45M, DOM = 67.

  • 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: 2996 Franciscan Way, Sale Price: $2.889M (7% off most recent list price or 8% off original list price), DOM = 219.

  • CLOSED ESCROW: Crespi 8 SE of Mountain View Avenue, Sale Price: $2.05M (14% off list price), DOM = 245.

  • CLOSED ESCROW: Casanova 3 SW of 12th, Sale Price: $2.125M (5% off most recent list price or 7% off original list price), DOM = 31.

  • CLOSED ESCROW: Santa Fe 3 NE of Mountain View, Sale Price: $1.375M (full price), DOM = 31.

  • NEW SALE:  2417 Bay View Avenue, List Price: $6.6M, DOM = 151.

  • NEW SALE: Camino Real 2 NW of 4th, List Price: $4.25M, DOM = 5.

  • NEW SALE: Lincoln 4 NE of Santa Lucia, List Price: $2.995M, DOM = 16.

  • NEW SALE: 26351 Camino Real, List Price: $2.995M, DOM = 64.

  • NEW SALE: 25864 Hatton Road, List Price: $2.75M, DOM = 3.

  • NEW SALE: Camino Real 7 SE of 2nd, List Price: $2.395M, DOM = 7.

  • NEW SALE: Carpenter 4 NW of 6th Avenue, List Price: $1.595M, DOM = 16.

  • NEW SALE: 25388 Highway 1, List Price: $1.299M, DOM = 239.

  • NEW SALE: Guadalupe & 2nd, NE Corner, List Price: $1.295M, DOM = 47.

  • NEW SALE: Guadalupe 2 NE of 5th Avenue, List Price: $915K, DOM = 96.

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

Quail / Preserve
  • CLOSED ESCROW: 5482 Quail Meadows Drive, Sale Price: $4.1875M (7% off most recent list price or 14% off original list price), DOM = 286.

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



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