Big week here in Carmel and Pebble Beach, on several fronts. For starters, we are very excited to announce that the Canning Properties Group has joined forces with Sotheby’s International Realty. The broader national and international network and reach should be a significant asset to our sellers as well as a key partner in expanding our brand and contact with a much wider universe of buyers. In short, we are genuinely excited about this growth opportunity and feel it will be a win-win for our clients and Team.
In conjunction with this new launch at Sotheby’s we also rolled out this new web site. Our goal has always been to be the best – the new site reflects a lot of creative effort with that goal in mind – hope you like it as much as we do. Do feel free to share thoughts on further improvements – web sites are always works-in-progress.
Pebble Beach had a hot week last week with 5 new sales and 3 closed sales – definitely a good start to the ‘selling season’. The closed sales included a fixer on the MPCC front line at $4.47M, a very rare front line Spanish Bay unit that sold off-market and closed at $3.9M and an older rancher in the MPCC area that closed at $1.4M. The new sales included another spectacular Spanish Bay front line unit with an ask of $4.5M (we’re delighted to be representing the buyers of that one), a major ocean view fixer in that dunes area between Cypress and MPCC with an ask of $4.2M (multiple offers there), a large non-view home up on Viscaino with an ask of $3.695M and two other properties with asks of $1.295M and $995M. By any standards a great week in Pebble.
The prime parts of Carmel continued on a slower pace with its tight inventory levels – one closed sale and one new sale. The closed sale an older, classic Spanish home with some views located on the west side of San Antonio that closed at $3.6M and the new sale a classic cottage in the Golden Rectangle on Monte Verde that went into escrow 3 days after hitting the market with an ask of $2.545M. Again, low inventory levels are creating the appearance of slowing in Carmel but the Monte Verde sale cements the notion that quality, well-located product will find fast demand.