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Indian Summer Upon Us

Updated: Mar 7, 2019

Photo by Andy Hutchinson on Unsplash

With beautiful, warm, clear weather and an evening chill of Fall, locals are experiencing our favorite time of year on the Monterey Peninsula. It was a steady week as far as market activity with four closed escrows and 9 new sales in our subject regions. The bottom of the market was busiest as far as closings with only 1 sale surpassing the $2M mark; 3 of these sales were in Carmel, 1 in Pebble. The bulk of new escrows also occurred in the $1M-$2M price bracket. We hope you have an opportunity to watch the sunset or swing by the pumpkin patch this weekend! As always, a few updates from the week below:

Pebble Beach had 1 closing and 6 new sales this week with most of the new sales below $1.7M. The closing was a remodeled ranch-style smart home near MPCC which sold for 3.3% off ask (sale price: $1.488M, DOM = 134). New sales included an extensively remodeled bungalow on the 1st fairway of MPCC’s Shore Course on the market for just 2 weeks (list price: $3.297M), a furnished Spanish Bay condominium unit overlooking the 12th fairway and tee of the Links course (list price: $2.975M, DOM = 190), an updated 70’s-built traditional style home on the Dunes course (list price: $1.695M, DOM = 188), a 90’s custom home in the Upper Forest region on the market for a little over 2 weeks (list price: $1.649M), a modern fixer also in Upper Forest on the market for over a year (list price: $1.295M), and a remodeled 1960’s-build in Country Club West (list price: $1.195M, DOM = 84).

The 3 closings in Carmel this week all clocked at under $2.5M: an English cottage in the Golden Rectangle which sold for 7.5% off list price at $2.4M after 2 weeks on the market, a cozy remodeled cottage in NE Carmel which sold for $1.0835M (5.7% off list price, DOM = 175), and a home of similar age/style/location on a busier corner for $925K (7.2% off list price, DOM = 18). There were 2 new sales to report, one of which was a historic home on 8th and Scenic in need of major renovation listed for $4.3M – worthy of note, this listing had multiple offers and was only on the market for 1 week. The other new sale was a comfortable remodeled home near River School on the market for 4 days listed for $1.399M.

There was 1 new sale in Quail Lodge: a remodeled modern single level home on the 15th fairway listed for $2.05M, which was on the market for less than a week. The Preserve had a silent week.

No activity to report in Carmel Highlands/Carmel Meadows this week.

Pebble Beach
  • CLOSED ESCROW: 3022 Lopez Road, Sale Price: $1.488M (3.3% off list price), DOM = 134.

  • NEW SALE: 1025 Broncho Road, List Price: $3.297M, DOM = 14.

  • NEW SALE: 63 Spanish Bay Circle, List Price: $2.975M, DOM = 190.

  • NEW SALE: 1144 Arroyo Drive, List Price: $1.695M, DOM = 188.

  • NEW SALE: 4043 Costado Road, List Price: $1.649M, DOM = 18.

  • NEW SALE: 4138 Sunridge Road, List Price: $1.295M, DOM = 372.

  • NEW SALE: 1100 Presidio Road, List Price: $1.195M, DOM = 84.

  • ACTIVE LISTINGS: 83 Homes (Country Club West = 13, Country Club East = 10, Central Pebble Beach = 26, Lodge = 17, Upper Forest = 17), 27 Lots.

  • CLOSED ESCROW: Monte Verde 6 SW of 13th, Sale Price: $2.4M (7.5% off list price), DOM = 17.

  • CLOSED ESCROW: Santa Fe 3 SE of 2nd, Sale Price: $1.0835M (5.7% off list price), DOM = 175.

  • CLOSED ESCROW: Carpenter & 2nd, NW Corner, Sale Price: $925K (7.2% off list price), DOM = 18.

  • NEW SALE: 8th & Scenic, NE Corner, List Price: $4.3M, DOM = 7.

  • NEW SALE: 2645 16th Avenue, List Price: $1.399M, DOM = 4.

  • ACTIVE LISTINGS: 59 Homes (NW Carmel = 7, NE Carmel = 11, SW Carmel = 11, SE Carmel = 6, Carmel Point = 11, Hatton Fields = 13), 7 Lots.

Carmel Highlands
  • ACTIVE LISTINGS: 24 Homes (4 Oceanfront), 7 Lots.

Quail Lodge/ Preserve
  • NEW SALE: 8069 Lake Place, List Price: $2.05M, DOM = 6.

  • ACTIVE LISTINGS: Quail Lodge = 4 Homes, 2 Lots. Quail Meadows = 3 Homes, 0 Lots. Preserve = 13 Homes, 42 Lots.


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