Big Sur Fashion Show Buzz

ellen Weekly Blog

The Barnyard in Carmel is buzzing in preparation for the annual Big Sur Fashion Show benefitting the Henry Miller Library and Big Sur Fire Relief Fund. Canning Properties Group is a proud sponsor for this year’s event and hopes all in attendance enjoy the theatrical performance including art, music, dance, and locally handmade costumes. A few updates from the week below:

Pebble Beach had a quiet week with no closings and 2 new sales. An 80’s-build in the Upper Forest region went into contract after almost a year (list price $2.095M) and a dated single level home near MPCC listed at $1.15M reached mutual acceptance after 4 days on the market.

The bottom of the market had a busy week in Carmel with all 4 new sales occurring below the $2M mark in addition to 1 closing. Carmel had one closing in the Golden Rectangle – a cozy 1930’s-built cottage just under 1600 square feet on the market for 12 days which sold full ask price at $2.495M. New sales included a fixer with ocean views and an auxiliary dwelling unit listed for $2M (DOM = 17), a newly built English cottage on the market for nearly 1 year (list price: $1.899M), a charming quintessential Carmel cottage which sold in less than 1 week (list price: $1.495M), and a 70’s built Mediterranean on a busy corner listed for $997K (DOM = 18).

One escrow closed at the Preserve; a Spanish hacienda on the 18th green on the market for nearly two years which sold at a 5.5% discount off list price at $5.2M. Worthy of note, the original price was $6.25M with incremental reductions to $5.5M over time.

The Highlands reported more oceanfront activity this week on coveted Spindrift Road: closing at $14.435135M, the sprawling estate is nestled into Wildcat Cove with views of Point Lobos (15.1% off list price, DOM = 203). A cottage across the road from Point Lobos on Hwy 1 also closed in the Highlands at $1.4M (12.2% off list price) after 4 months on the market.

Pebble Beach:
NEW SALE: 4167 Sunset Lane, List Price: $2.095M, DOM = 327.
NEW SALE: 2904 Congress Road, List Price: $1.15M, DOM = 4.
ACTIVE LISTINGS: 89 Homes (Country Club West = 14, Country Club East = 13, Central Pebble = 24, the Lodge = 19, Upper Forest = 19), 29 Lots.

Carmel:
CLOSED ESCROW: Carmelo & 12th, NW Corner, Sale Price: $2.495M (full price), DOM = 12.
NEW SALE: 26145 Monte Verde Street, List Price: $2M, DOM = 17.
NEW SALE: 2nd Avenue, 2 SE of Santa Fe, List Price: $1.899M, DOM = 302.
NEW SALE: 2931 Alta Avenue, List Price: $1.495M, DOM = 5.
NEW SALE: Carpenter & 2nd, NW Corner, List Price: $997K, DOM = 18.
ACTIVE LISTINGS: 61 Homes (NW Carmel = 7, NE Carmel = 10, SW Carmel = 12, SE Carmel = 6, Carmel Point = 12, Hatton Fields = 14), 8 Lots.

Quail/Preserve:
CLOSED ESCROW: 2 Touche Pass, Sale Price: $5.2M (5.5% off list price), DOM = 614.
ACTIVE LISTINGS: Quail: Quail Lodge = 3 Homes & 0 Lots, Quail Meadows = 5 Homes & 2 Lots.
ACTIVE LISTINGS: Preserve: 12 Homes, 37 Lots.

Carmel Highlands:
CLOSED ESCROW: 157 Spindrift Road, Sale Price: $14.435135M (15.1% off list price), DOM = 203.
CLOSED ESCROW: 250 Hwy 1, Sale Price: $1.4M (12.2% off list price), DOM = 127.
ACTIVE LISTINGS: 24 Homes (7 Oceanfront), 7 Lots.