Carmel Slows and Pebble Picks Up a Bit

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The prime parts of Carmel continued their slowing trend this week, with just 1 new sale and 1 closed sale; that said, they were both noteworthy:  the new sale was an $8.2M home along Scenic – it’s been on the market off and on for a few years; the closed sale was a larger ocean view home along Santa Lucia which closed at $4.425M – 2700 sq. ft. newer home with big views but somewhat traffic impacted sitting directly on Santa Lucia.

Pebble Beach saw an uptick this week with 4 new sales and 2 closed sales – pretty healthy week.  The new sales included a tastefully updated ocean view home near Cypress with an ask of $3.995M (it’s been on the market for a couple years), an updated home along Bird Rock in the MPCC area with an ask of $2.999M, a modest fixer in the Estates part of The Forest with an ask of $1.99M and value-priced home in the upper-Forest with an ask of $879K. Not a bad week. The closed sales were both in the MPCC area, at $1.7M and $1.05M, extending the pattern of sales concentrated under $2M in Pebble.

We have a few new listings of note:  A great, contemporary ocean view Townhome at The Lodge (http://pbtownhouse14.com/); a classic Carmel home on prized Carmel Point with ocean views (http://2417sanantonio.com/); and, a fantastic contemporary compound in Quail Meadows which will be in our discreet portfolio for the time being (http://5493oaktrail.com/).

For those who do frequent our Discreet portfolio, just a heads-up that we will be changing the password this week.  When you sign back in you’ll be routed the new password.

 

About town:

7/13-7/27: Carmel Bach Festival

7/30: PacRep’s Encore Film Series – Morrisey-25 Live

Best,

Mike, Lynn & Jess.

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