WEEKLY BLOG

‘BACH’ AT IT

Celebrating its 75th anniversary, the Carmel Bach Festival is in town and in the middle of its two-week tribute to all things Bach. In the local real estate world, Carmel’s market roared ahead while Pebble stalled; the Highlands continues to chug along while the Quail area remains silent. Although a quiet week from a volume perspective, Pebble’s market had some …

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2Q17 Market Update

Market Overview Pebble Beach –Pebble’s market gained momentum in 2Q with 37 sales (up 30% from 1Q), bolstered by a deluge of activity at the bottom of the market (<$2M) that represented 61% of all 2Q’s activity. – The MPCC area was the main beneficiary of the surge with 28 sales (19 under $2M), eclipsing that area’s previous high-water mark …

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A POST-CELEBRATORY LULL

As residents and tourists alike flocked to the beaches for Independence Day celebrations, the local market put a pause on activity with just 5 closed escrows and 3 new sales collectively across all areas.  Not atypical to have this kind of market behavior with a holiday in the middle of the week.  Blue skies are in the forecast for the …

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HAPPY 4TH OF JULY!

Canning Properties Group wishes all a wonderful 4th of July weekend. Along with Independence Day just around the corner, so is the start of the 3rd quarter – our market’s busiest season. For the first time in months, Carmel and Pebble’s markets tied in activity with 4 closed escrows and 6 new sales apiece. Also worth noting with the heat …

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BACON PLEASE?

Monterey BaconFest 2017 is upon us this weekend, featuring all the best in bacon as vendors from the area craft up tasty treats using bacon as the main ingredient… Need we say more? The local market continued its ebb-and-flow of activity this week with Pebble gaining ground as Carmel slowed. Activity in the Highlands picked-up with multiple sales to report …

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