FIRST TEE COMES TO TOWN

ellen Weekly Blog

It’s that time of year again, when PGA greats team up with the next generation of golf prodigies as we kick off Nature Valley’s First Tee Open.  This great event pairs Juniors and Pros for an entertaining weekend that’s open to the public.  Always a fun, casual way to enjoy the sights of Pebble’s famed fairways alongside PGA pros.  Carmel stole the show this week with 10 sales- led by a flurry of new construction sales in the prime parts of Carmel.  Demand for newly built homes continues to rise as home buyers continue to tilt towards that direction.  As always, a few highlights worth mentioning below:

Pebble’s market was slow and steady with 4 closed escrows and 1 new sale, staying within its weekly averages for the quarter.  The top closed escrow is a Ranch-style fixer in the heart of the MPCC area that closed just below its list price of $1.395M.  The other closed escrows included a slightly remodeled Ranch-style home in Country Club East (CCE) area that closed at the full price of $1.289M; a ‘60’s Ranch-style fixer in the CCE area that closed at $1.185M (5% off of List Price) and a teardown in the Upper Forest that sold for $740K (1% off of list price).  The lone new sale is a Ranch-style fixer with distant ocean views in the Upper Forest and an ask of $875K.

Carmel’s market gained ground this week, enjoying a double-digit performance that was capped off with a sale on the coveted Scenic Road.  The top closed escrow was indeed the Scenic sale, that closed at $5.25M- an impressive $1.4M increase from selling previously in ’14.  The other closed escrows included a charming cottage in the quiet Upper Hatton Fields area that closed at $1.8M (14% off of List Price) and two teardowns in NE Carmel that closed for $840K and $721K respectively.  Leading the way for the new sales is a completely renovated Cottage on Monte Verde in the heart of the Golden Rectangle with an ask of $2.895M.  The other new sales include a recently remodeled two-story Cottage on a corner lot in SE Carmel that’s listed at $2.495M; another newly remodeled cottage nearby on an oversized lot and an ask of $2.18M; a charming Cottage in the outskirts of NE Carmel with an ask of $1.749M; a multi-level fixer on an oversized lot in NW Carmel that’s listed at $1.695M and a classic ‘20’s cottage in NE Carmel with an ask of $1.377M. We are honored to bring a new listing on Bay View to market in the next few weeks. For more information on this charming beach bungalow on Bay View and our other coming soon listings please visit our discreet listings page here. 

No news to report in both the Highlands or Quail this week.

Best,

Mike, Jess & Nic

Around Town

9/9-9/11 : Mazda Road to Indy at Mazda Raceway Laguna Seca

9/10 : Comedian Kathleen Madigan at Golden State Theatre

9/13-9/18 : Nature Valley’s First Tee Open at Pebble Beach Golf Links

9/14 : Cooking Class – Chicken 101 at Aubergine Restaurant

9/15 : Art Garfunkle at Golden State Theatre

9/16: The B-52’s at Sunset Center

Pebble Beach
ACTIVE LISTINGS= 86 Homes (Country Club West=21, Country Club East=15, Central Pebble=27, Lodge=16, Upper Forest=6), 21 Lots
CLOSED ESCROW – 1006 Broncho, $1.375M (1% off of List Price), DOM=74
CLOSED ESCROW – 1095 Mission Rd, $1.289M (Full Price), DOM=0
CLOSED ESCROW – 3035 Sloat Rd, $1.185M (5% off of List Price), DOM=119
CLOSED ESCROW – 4058 El Bosque, $740K (1% off of List Price), DOM=0
NEW SALE – 4143 Crest Rd, $875K, DOM=23
Carmel
ACTIVE LISTINGS= 89 Homes (Carmel Woods=8, NW Carmel=15, NE Carmel=11, Golden Rectangle=17, SE Carmel=12, Carmel Point=14, Hatton Fields=12), 5 Lots
CLOSED ESCROW – Scenic 4SE of 9th, $5.25M (Full Price), DOM=10
CLOSED ESCROW – 25064 Hatton Fields, $1.8M (14% off of List Price), DOM=184
CLOSED ESCROW – Oak Knoll 3NE of Forest, $721K (4% over List Price), DOM=9
CLOSED ESCROW – Mission 2NW of 2nd, $840K (1% off of List Price), DOM=1
NEW SALE – Monte Verde 2NE of 12th, $2.895M, DOM=27
NEW SALE – NE Corner of Forest & 7th, $2.495M, DOM=61
NEW SALE – SW Corner of Mountain View Ave & 8th, $2.18M, DOM=114
NEW SALE – Junipero 3NW of Vista, $1.749M, DOM=4
NEW SALE – NE Corner of Dolores & 3rd, $1.695M, DOM=5
NEW SALE – Santa Fe 4NE of 2nd, $1.377M, DOM=18

Highlands
ACTIVE LISTINGS= 30 Homes (25 in Highlands- 9 oceanfront, 5 in Meadows- 1 oceanfront), 10 Lots
No news to report

Quail
ACTIVE LISTINGS= 7 Homes (4 in Quail Meadows, 3 in Quail Lodge), 2 Lots
No news to report