A MARCH LULL

ellen Weekly Blog

For the first time since mid-November of ‘16, Pebble seized the weekly crown, albeit by a narrow margin. Within the areas we cover, home sales slowed yet again for a third week in a row – a shadow of last year’s activity during the same period (down 60% in closed escrows and new sales). As always, a couple of highlights from the week below:

Another quiet week for Pebble with 2 closed escrows and 1 new sale. The top closed escrow came from the Central Pebble area – a partially updated Townhouse, just above the Lodge with ocean/golf views that closed at, $3.288M (8% off of the original List Price). The other closed escrow came from the Country Club East area – a French-Colonial style home built in ’00 across a greenbelt from MPCC’s Dunes Course that sold for $1.75M (13% off of List Price). The lone new sale is a partially renovated ranch-style fixer in the Country Club East area that’s listed at $1.195M.

The prime parts of Carmel slowed to a crawl this week with just 2 new sales and zero closed escrows. The top new sale is a classic cottage (remodeled by Al Saroyan) in Carmel Point that went back into escrow this week after falling through the previous week. Listed at $1.99M, this property is one of the best values in the ‘Point’s market. The other new sale is a small cottage teardown (1,186 sq.ft.) in the heart of the Golden Rectangle with an ask of $1.3M.

Pebble Beach
CLOSED ESCROW – 3301 17 Mile Dr, $3.288M (6% off of List Price), DOM=348
CLOSED ESCROW – 1130 Pelican Rd, $1.75M (13% off of List Price), DOM=182
NEW SALE – 1107 Mariners Wy, $1.195M, DOM=24

Carmel
NEW SALE – 26335 Rio Ave, $1.99M, DOM=285
NEW SALE – Monte Verde 4SW of 9th, $1.3M, DOM=23

Highlands
No news to report

Quail
No news to report

Around Town

3/3 : Banff Mountain Film Festival World Tour- Monterey
Golden State Theatre
8:00 PM- 10:30 PM
$20

3/4 : Rumble in the Jungle
Corral De Tierra Country Club
6:00 PM
$175 

3/3-5 : Jazz Bash by the Bay
Portola Hotel and Spa
11:00 AM-10:00 PM
$45-$600

3/6 : Chef’s Duel – Round 6
Folktale Winery
6:00 PM- 9:00 PM
$12 

3/10 : Who’s Bad: The Ultimate Michael Jackson Experience
Sunset Center
8:00 PM
$29-$49