The Pebble Beach market, which has enjoyed a fair amount of ‘heat’ lately, largely at the bottom of the market, remained hot and began to show demand rising up the spectrum: Pebble had 5 new sales and 3 closed sales; of the 5 new sales, 3 were in the 4’s – nice to see demand rising in the upper-brackets and will be interesting to see if the pattern continues with a future uptick in the $4-8 bracket. The three closed sales were all under $2M, two under $1.4M in the MPCC area and the other a great fixer we sold along Sonado at $1.75M.
The prime parts of Carmel saw 3 closed sales – a healthy volume – but, only had 1 new sale – clearly a slower velocity. Carmel demand has been streaky of late – no firm pattern or trend discernible. The 3 closed sales were all bunched between $1.65M-$1.75M, two on Carmel Point which the market continues to like.
We’ve received a number of inquiries from prospective sellers on our Discreetly Available section of our website. Many people favor a bit quieter exposure of their properties. Don’t hesitate to contact us if you’d like to consider that possibility. With the interest level from both sellers and buyers in this venue, we’re going to expand our efforts to build the best platform for sellers and buyers to interact in this sector of the marketplace.
Lots on the schedule around here:
7/13-7/26: Carmel Bach Festival Continues in various venues throughout Carmel
7/19-7/21: Red Bull US Grand Prix at Laguna Seca
7/19: Trio Carmel Meet the Winemaker Series
7/20: Pacific Repertory Theatre’s annual Monterey Bay TheatreFest Arts & Crafts Faire
7/21: Dachsund Club Weenie Roast on Carmel Beach
7/24: The Cherry Center Presents: Battle of Algiers
7/24: Cima Collina’s Friends Day Wednesdays
Mike, Lynn & Jess.