AUTUMN RETURNS

ellen Weekly Blog

September 22nd marks the start of Autumn, and with that, we typically see our sunniest months.  Locals embrace this time of year as we wind down from our primary selling and tourism seasons.  With only one week left in Q3, it will be interesting to see if our market rebounds as projected- look for this quarter’s report in the upcoming weeks.  This week is also highlighted by the 10th Annual Authors and Ideas Festival, held at Stevenson Upper School.  A few highlights from the week below: 

Despite zero closed escrows this week, Pebble still matched its weekly averages with 5 new sales.  The top new sale is a 1930’s Mediterranean-style home on the East side of 17 Mile Dr, just across from the 15th hole of Pebble Beach- listed at $4.35M and need of a significant remodel.  The other new sales include a classic 30’s Ranch-style home in Central Pebble with an ask of $2.99M; a single-level fixer on 18th fairway of MPCC’s Shore Course with an ask of $2.35M; a Ranch-style fixer in the inner part of the MPCC area listed at $1.3M and a condo in Upper Forest with an ask of $535K.

Carmel had a respectable week with 4 closed escrows and 4 new sales- most of which occurred in the Northern parts of Carmel.  The top closed escrow was a remodeled Ranch-style home on Santa Lucia (an artery and Southern border of the Golden Rectangle) that sold for $1.695M (3% off of List Price).  The other closed escrows included a major fixer on a double lot in NW Carmel that closed at the full price of $1.495; a teardown on Junipero (artery that borders NW and NE Carmel) that closed at $1.165M (14% off of List Price), and another teardown on a double lot in the outskirts of NW Carmel that closed at $1.1M (8% off of List Price)- essentially dirt value.  The top new sale is a cottage-style teardown on an undersized lot in the Golden Rectangle listed at $1.295M.  The other new sales include a recently remodeled Ranch-style home in the heart of Hatton Fields with an ask of $1.195M; a charming small cottage (887 sq.ft. home) in NE Carmel that’s listed at $1.149M and a teardown, also in NE Carmel, with an ask of $975K.  This week exemplifies the trending uptick in activity for the areas North of Ocean Ave as inventory shortages linger in the Golden Rectangle and Carmel Point.

 

No news to report in the Highlands or Quail this week.

 

Pebble

NEW SALE – 3363 17 Mile Dr, $4.35M, DOM=154

NEW SALE – 3150 Midwood Ln, $2.99M, DOM=124

NEW SALE – 1072 San Carlos Rd, $2.35M, DOM=43

NEW SALE – 1072 Indian Village Rd, $1.3M, DOM=35

NEW SALE – 43 Shepherds Knoll, $535K, DOM=197

ACTIVE LISTINGS= 80 Homes (Country Club West=20, Country Club East=13, Central Pebble=26, Lodge=15, Upper Forest=5), 20 Lots

 

Carmel

CLOSED ESCROW – 2946 Santa Lucia, $1.695M (3% off of List Price), DOM=92

CLOSED ESCROW – Casanova 3SW of 4th, $1.495M (Full Price), DOM=24

CLOSED ESCROW – Junipero 3NW of 3rd, $1.165M, (14% off of List Price), DOM=31

CLOSED ESCROW – SE Corner of Lopez & 2nd, $1.1M (8% off of List Price), DOM=124

NEW SALE – Dolores 3NW of 11th, $1.295M, DOM=49

NEW SALE – 3466 Trevis Way, $1.195M, DOM=81

NEW SALE – Santa Fe 3SE of 1st, $1.149M, DOM=48

NEW SALE – Guadalupe 5SE of 3rd, $975K, DOM=9

ACTIVE LISTINGS= 95 Homes (Carmel Woods=9, NW Carmel=16, NE Carmel=14, Golden Rectangle=17, SE Carmel=12, Carmel Point=15, Hatton Fields=12), 5 Lots

 

Highlands

No news to report in the Highlands

ACTIVE LISTINGS= 31 Homes (25 in Highlands- 10 oceanfront, 6 in Meadows- 1 oceanfront), 8 Lots

 

Quail

No news to report in Quail

ACTIVE LISTINGS= 7 Homes (4 in Quail Meadows, 2 in Quail Lodge), 2 Lots

 

Around Town: 

09/23: Hofsas House “Local’s Favorite Wine Friday’s” Benefitting Peace of Mind Dog Rescue
5:30 pm – 7:00 pm
$15/per person

09/24 – 09/25: California International Airshow
Salinas Municipal Airport
9:00 am

09/24: Camp Vintage Antique Show
Carmel Valley
8:00 am – 5:00 pm

09/24: Mick Fleetwood Blues Band
417 Alvarado St
$44 – $97

09/24 – 09/26: Monterey Beach Sportsfest
Monterey Beach

09/27: Paint and Sip
Sovino Wine Bar & Restaurant
6:00 pm
$50

09/28: The Cocoa Pod & The Gods
The Cocoa Spa
7:00 pm – 9:00 pm
$20

09/29: Cheese & Wine Pairing
Bargetto Winery
4:00 pm – 7:00 pm
$15/per pairing

09/29 – 10/16 Shakespeare’s Twelfth Night
Outdoor Forest Theatre
7:30 pm – 10:30 pm
$20