Carmel Outpaces Pebble Beach
For the first time in months, the prime parts of Carmel had a better week than Pebble. Each had 3 new sales but Carmel saw 4 closed sales to Pebble’s 2. In addition to more properties sold, Carmel also saw higher dollar volume. Carmel’s new sales were all in the Golden Rectangle, with prices of $1.795M, $2.595M and $3.3M – a good week for the Rectangle. The 4 closed sales ranged from $940K, $1.35M, $2.1M to $2.7M. No big numbers but healthy volume.
Pebble’s new sales included a value-priced frontline MPCC house with an ask of $2.85M and two MPCC fixers at a heckuva value at $599K and one at $899K. Estates part of Pebble went to sleep. The two closed sales were also both low-priced MPCC fixers, one at $755K and the other at $799K. The bottom of the market keeps chugging along but we are keeping a close eye on the $5-$10M market in Pebble – very quiet lately. The top of the Pebble market ($10+) is better than the $5-10 sector. As an aside, we did receive an offer on our newly listed ($25.5) incredible Beach House (www.carmelwaybeachhouse.com)
Saturday, 04/19: Carmel Plaza Spring Fashion Show
Sunday, 04/20: 18th Annual Breakfast with the Bunny
Sunday, 04/20: A summary of Easter events and brunches on the Peninsula
Sunday, 04/27: Big Sur International Marathon