With another successful tournament in the books, the Peninsula returns to its normal pace for a nice three-day weekend. All areas had activity to report as Carmel picked up and Pebble slowed. As always, a few noteworthy highlights to note below:
Pebble’s market maintained its momentum, matching the previous week’s total with all prices under the $1.5M marker. The top closed escrow came from the Country Club West area on Stevenson Dr – a 70’s ranch style home with potential that closed at $1.335M (1% off of List Price). The other closed escrows included a major fixer, a couple rows back from MPCC’s frontlines that sold for $1.24M (4% off of List Price) and a major project in the Country Club East that sold at the list price of $995K. Both of the new sales came from the Upper Forest area – both major fixers with list prices of $899K and $859K respectively.
Carmel’s market also had a similar outcome this week – finishing slightly below last week in volume. The top closed escrow came from the heart of the Golden Rectangle on Lincoln Street – a fully renovated cottage on a slightly oversized lot that sold for $2.55M (4% off of List Price). The other closed escrow included a condo in downtown ‘By-The-Sea that sold at $910K (4% off of List Price). Activity continues to move on the frontlines as a major fixer/teardown on Carmel Point’s area of Scenic went into escrow with an ask of $6.895M. The other new sales include a teardown with expansive ocean views on Dolores St (S of Santa Lucia), offered at $3.45M; a dated oversized cottage just N of Santa Lucia on Monte Verde, listed at $2.599M; a custom built Tuscan home in lower Hatton Fields with valley views and an ask of $1.875M (on market for only 7 days) and a teardown in NE Carmel that is listed at $895K.
The Preserve continues to percolate with activity as another property sold this week – a Spanish-Colonial style home near the amenities that sold for $3.75M (11% off of List Price).
The Highlands also had activity to report this week with a non-oceanfront lot on Spindrift Rd – West side of Highway 1 – that went into escrow with an ask of $1.795M.
Hope all enjoy this beautiful weekend,
CLOSED ESCROW – 2943 Stevenson Dr, $1.335M (1% off of List Price), DOM=4
CLOSED ESCROW – 1063 Parkway Dr, $1.24M (4% off of List Price), DOM=73
CLOSED ESCROW – 2865 Lasauen Rd, $995K (Full Price), DOM=30
NEW SALE – 4041 Costado Rd, $899K, DOM=111
NEW SALE – 4029 Costado Rd, $859K, DOM=146
ACTIVE LISTINGS= 69 Homes (Country Club West=10, Country Club East=19, Central Pebble=17, Lodge=11, Upper Forest=11)
CLOSED ESCROW – Lincoln 5SE of 12th, $2.55M (4% off of List Price), DOM=95
CLOSED ESCROW – Mission 4NE of 5th, #1N, $910K (4% off of List Price), DOM=51
NEW SALE – 26405 Scenic Rd, $6.895M, DOM=10
NEW SALE – 26174 Dolores St, $3.45M, DOM=133
NEW SALE – Monte Verde 2NW of Santa Lucia, $2.599M, DOM=133
NEW SALE – 26269 Mesa Pl, $1.875M, DOM=7
NEW SALE – Carpenter 2NE Ocean Ave, $895K, DOM=81
ACTIVE LISTINGS= 54 Homes (NW Carmel=10, NE Carmel=4, Golden Rectangle=14, SE Carmel=7, Carmel Point=11, Hatton Fields=8)
CLOSED ESCROW – 6 Rumsen Trace, $3.75M (11% off of List Price), DOM=325
ACTIVE LISTINGS= 12 Homes (2 in Quail Meadows, 10 in Preserve)
NEW SALE – 164 Spindrift Rd, #A, $1.795M, DOM=294
ACTIVE LISTINGS= 23 Homes (6 oceanfront)