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.
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.
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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