END OF Q1’17 DRAWING NEAR

ellen Weekly Blog

Pebble edges ahead of Carmel for the weekly title as we approach the final days of ‘17’s first quarter. A fair amount of notable highlights across the board this week – both in geographical areas and price spectrums we cover. As always, a few comments and insights from the week below:

Pebble posted a solid week with 5 closed escrows and 2 new sales, with most activity coming from the MPCC area. The top closed escrow came from the highly sought after frontlines at the Spanish Bay Residences – a tastefully remodeled interior-unit with expansive ocean views that sold off-market for $4.118M. The other closed escrows included was another Spanish Bay condo (end-unit) along the 14th fairway that closed at $3.05M (15% off of List Price *We’re honored to have represented the buyers of this great value purchase); a ranch-style fixer in the Country Club East area that sold for $1.15M (4% off of List Price); a Spanish-style fixer, also in the Country Club East area, that sold for $1.111M (12% off of List Price) and a condo in the Upper Forest that closed at $515K (4% off of List Price). The top new sale is a custom built Mediterranean-style home with expansive ocean views in the quiet enclave of Macomber Estates, offered at $7.2M. The other new sale is a traditional-style home built in the 80’s, in the heart of the MPCC area, with an ask of $1.95M. Good to see activity pick up in multiple price brackets this week.

Carmel also saw activity across the price spectrum this week with 2 closed escrows and 3 new sales – ranging from $1.995M-$5.145M. The top closed escrow was a lot on the frontlines of Scenic Rd – an oversized lot with unobstructed views of Monastery Bay and beyond, that sold for $5.145M. The other closed escrow was a newly updated ranch-style home in the Southern part of Carmel Point that closed at $2.1M (8% off of List Price). The top new sale comes from San Antonio’s frontlines’ portion (just North of Ocean Ave) – a Cape Cod-style home built in ’06 with filtered ocean views and an ask of $4.289M. The other new sales include a remodeled Contemporary-style home with ocean views in the outskirts of NW Carmel, offered at $2.25M and an English-Country home in NE Carmel that was built in the 40’s and remodeled recently, listed at $1.995M.

The bottom of the Highlands’ market continues to steadily move with another sale under the $1.5M threshold going into escrow this week. A partially ranch-style fixer that has been partially updated, adjacent to Highway 1 on Ribera Rd, with an ask of $1.295M.

The Quail area also had activity to report this week, this time from Quail Meadows – a Modern-style home built in ’94, with valley views along the Meadows’ Southern hills, listed at $2.995M. Worth noting that this is escrow also had a back-up offer as demand competes for limited supply In Quail.

Pebble Beach
CLOSED ESCROW – 7 Spanish Bay Cir, $4.118M, (Off-Market), DOM=100
CLOSED ESCROW – 64 Spanish Bay Cir, $3.05M (15% off of List Price), DOM=244
CLOSED ESCROW – 1107 Mariners Wy, $1.15M (4% off of List Price), DOM=24
CLOSED ESCROW – 1068 Trappers Trl, $1.111M (12% off of List Price), DOM=6
CLOSED ESCROW – 46 Shepherds Knoll, $515K (4% off of List Price), DOM=15
NEW SALE – 3225 Macomber Dr, $7.2M, DOM=40
NEW SALE – 1001 Wranglers Trail Rd, $1.95M, DOM=129
ACTIVE LISTINGS= 73 Homes (Country Club West=14, Country Club East=8, Central Pebble=28, Lodge=16, Upper Forest=7), 17 Lots

Carmel
CLOSED ESCROW – NW Corner of Scenic & Isabella, $5.145M, DOM=41
CLOSED ESCROW – 2656 Walker Ave, $2.1M (8% off of List Price), DOM=126
NEW SALE – San Antonio 3NE of Ocean Ave, $4.289M, DOM=45
NEW SALE – 24916 Lincoln St, $2.25M, DOM=165
NEW SALE – 24825 Guadalupe St, $1.995M, DOM=37
ACTIVE LISTINGS= 78 Homes (Carmel Woods=4, NW Carmel=16, NE Carmel=11, Golden Rectangle=15, SE Carmel=11, Carmel Point=11, Hatton Fields=10), 3 Lots

Highlands
NEW SALE – 3060 Ribera Rd, $1.295M, DOM=310
ACTIVE LISTINGS= 22 Homes (22 in Highlands- 8 oceanfront, 0 in Meadows), 5 Lots

Quail
NEW SALE – 5459 Quail Meadows Dr, $2.995M, DOM=254
ACTIVE LISTINGS= 6 Homes (3 in Quail Meadows, 3 in Quail Lodge), 2 Lots

Around Town
3/24-4/10 : Edward Weston – Portrait of the Young Man as an Artist
Monterey Museum of Art
11:00am-5:00pm
Free

3/25 : In the Mood – 1940’s Big Band Show
Golden State Theatre
2:00pm
$32-59

3/26 : Béla Fleck and Abigail Washburn
Sunset Center
7:00pm
$39-59

3/28 : Paint and Sip
Sovino Wine Bar
6:00pm
$50

3/29-4/02 : Scenic Fitness Retreat with America’s Coach Jeff Galloway
Carmel Beach
8:00am-6:00pm
$500