The Peninsula is enjoying a much needed rain shower this weekend with more in the forecast through Monday. Â The local market keeps chugging along with consistent activity in the Carmel and Pebble markets. Â The Highlands area picked up while the Quail area remained quiet. Â As always, a few highlights from the week below:
Most of the activity for Pebble’s market this week was below the $2M threshold with one exception at the top of the market.  The top closed escrow came from the prized Padre Ln – a sprawling Mediterranean style home with expansive ocean views and a guest house that closed at $8.6M (12% off of List Price),.  The other closed escrows included a custom spec-play in the Upper Forest that sold for $1.168M (3% off of List Price) and a condo – also in the Upper Forest – that closed at $633K (2% off of List Price).  The top new sale came from the Country Club East area on Patio Dr – a 70’s ranch style home that has extensively updated since with an ask of $1.595M.  The other new sales include a two-story traditional style home with filtered ocean views in the Country Club West area near Spanish Bay, offered at $1.495M and an oversized major fixer near Highway 68, listed at $1.125M.
Carmel’s market gained momentum from the previous week with 5 closed escrows and 1 new sale.  The top closed escrow came from the often-overlooked NW area of Carmel – a charming cottage with ocean views on the West side of Carmelo that sold off-market at $3.2M (3% off of List Price).  The other closed escrows included a Mediterranean style spec-play in the heart of the Golden Rectangle that sold for an impressive $2.965M (1% off of List Price); a condo in downtown Carmel-By-The-Sea that closed at $1.5M (12% off of List Price) and tear fixers on Carpenter Rd in NE Carmel that sold for $1.225M (1% off of List Price) and $860K (Full Price) respectively.  The lone new sale came from the outskirts of Carmel’s NE area – a 40’s cottage fixer with an ask of $1.095M.
The Highlands area saw an uptick in activity with 2 closed escrows and 2 new sales, which is a robust week for that area by any standards.  The top closed escrow was a Yankee Point frontlines property with expansive SW ocean views that closed at $4.25M (10% off of List Price).  The other closed escrow was a Midcentury Modern style home near Highway 1 that closed at the full list price of $1.395M.  The top new sale went into escrow after only 4 days on market – a rustic 80’s contemporary style home with ocean views and an ask of $1.795M.  The other new sale comes from Cypress Way, which is on the East side of Highway 1 – a dated 60’s ranch style home with distant ocean ocean views and an ask of $1.37M.
No news to report in the Quail area.
Pebble Beach
CLOSED ESCROW – 1248 Padre Ln, $8.6M (12% off of List Price), DOM=661
CLOSED ESCROW – 4113 El Bosque Dr, $1.168M (3% off of List Price), DOM=70
CLOSED ESCROW – 76 Ocean Pines Ln, $633K (2% off of List Price), DOM=17
NEW SALE – 3139 Patio Dr, $1.595M, DOM=8
NEW SALE – 2853 Oak Knoll Rd, $1.495M, DOM=114
NEW SALE – 2908 Congress Rd, $1.125M, DOM=36
ACTIVE LISTINGS= 65 Homes (Country Club West=9, Country Club East=19, Central Pebble=16, Lodge=10, Upper Forest=11), 16 Lots
Carmel
CLOSED ESCROW – Carmelo 3SW of 4th, $3.2M (3% off of List Price), DOM= Off-Market
CLOSED ESCROW – SW Corner of Casanova & 10th, $2.965M (1% off of List Price), DOM=55
CLOSED ESCROW – Mission 3NW of 4th #5, $1.5M (12% off of List Price), DOM=200
CLOSED ESCROW – 24808 Carpenter Rd, $1.225M (1% off of List Price), DOM=10
CLOSED ESCROW – Carpenter Rd 4NE of 4th, $860K (Full Price), DOM=111
NEW SALE – 24720 Camino Del Monte, $1.095M, DOM=133
ACTIVE LISTINGS= 63 Homes (NW Carmel=12, NE Carmel=4, Golden Rectangle=19, SE Carmel=6, Carmel Point=11, Hatton Fields=11), 4 Lots
Carmel Highlands
CLOSED ESCROW – 108 Yankee Point Dr, $4.25M (10% off of List Price), DOM=116
CLOSED ESCROW – 5 Yankee Point Dr, $1.395M (Full Price), DOM=12
NEW SALE – 201 Spindrift Rd, $1.795M, DOM=4
NEW SALE – 122 Cypress Wy, $1.37M, DOM=9
ACTIVE LISTINGS= 16 Homes (6 oceanfront), 7 Lots
Quail Lodge/ Preserve
No news to report.
ACTIVE LISTINGS= 13 Homes (10 in Preserve, 2 in Quail Meadows, 1 in Quail Lodge), 32 Lots