GRAB YOUR UMBRELLA
With another rainy weekend in the forecast, locals are bringing out the umbrellas as they try to stay dry during this wet streak. The local market had a fair amount of activity this week as PEbble’s market roared ahead to a Q1 high of 10 new sales. Both the Carmel and Highlands markets had activity as well. As always, a few highlights from the week below:
With 2 closed escrows and 10 new sales, Pebble’s market stole the weekly crown in grand fashion. The top closed escrow was a ranch style home on Strawberry Hill with filtered ocean views and a guest house that closed off-market at $1.2M (7% off of List Price). The other closed escrow was a major fixer that closed at $900K (5% off of List Price) after falling through escrow a couple weeks prior. The top new sale comes from Pebble’s famed 2nd hole – a David Allen Smith designed home with golf and ocean views, offered at $10.5M. The other new sales include a tastefully remodeled English Country estate on a quiet strip of Sloat Rd and an ask of $2.35M; a dated ranch style home in a coveted location near the MPCC Shelter, listed at $1.988M; a 90’s Mediterranean style home in the Upper Forest, offered at $1.875M; a charming ranch style home in the heart of the MPCC area on Sombrero Rd with an ask of $1.835M; a dated traditional style home in the Country Club East area that’s listed at $1.295M and a few fixers and a condo throughout the Forest with respective asks of $1.25M, $1.095M, $1.075M and $629K.
Carmel had a modest week with 3 closed escrows and 3 new sales. The top closed escrow came from the Hatton Fields area – a traditional style home with valley views on an oversized lot that closed at $2.15M (4% off of List Price). The other closed escrows included a Midcentury Modern style home on Franciscan Wy with distant ocean views that closed at $1.975M (1% off of List Price) and a charming small (1,244 SqFt) cottage in the heart of the Golden Rectangle that sold for $1.628M (1% off of List Price). The top new sale is a brand-new design Contemporary cottage in SE Carmel that went into escrow after being on the market for 45 days with an ask of $2.595M. The other new sales include a dated 80’s cottage in the SE part of the Golden Rectangle, listed at $1.9M and a major project in NE Carmel with an ask of $899K.
The Highlands area had activity to report with 2 new sales. The top new sale comes from the Carmel Meadows area on Cuesta Wy – a dated traditional style home with distant ocean views and an ask of $1.99M. The other new sale comes from the East side of Hwy 1 – a rustic cottage style home that went back into escrow this week offered at $1.37M.
CLOSED ESCROW – 3071 Strawberry Hill Rd, $1.2M (7% off of List Price), DOM=Off-Market
CLOSED ESCROW – 1145 Wildcat Canyon Rd, $900K (5% off of List Price), DOM=175
NEW SALE – 3334 17 Mile Dive, $10.5M, DOM=60
NEW SALE – 2873 Sloat Rd, $2.35M, DOM=15
NEW SALE – 2955 Lake Rd, $1.988M, DOM=198
NEW SALE – 4075 Costanilla Wy, $1.875M, DOM=5
NEW SALE – 1042 Sombrero Rd, $1.835M, DOM=18
NEW SALE – 1183 Lookout Rd, $1.295M, DOM=66
NEW SALE – 2908 Congress Rd, $1.25M, DOM=37
NEW SALE – 2932 Congress Rd, $1.095M, DOM=72
NEW SALE – 2927 Colton Rd, $1.075M, DOM=214
NEW SALE – 81 Ocean Pines Ln, $629K, DOM=188
ACTIVE LISTINGS= 62 Homes (Country Club West=9, Country Club East=16, Central Pebble=17, Lodge=9)
CLOSED ESCROW – 26056 Mesa Dr, $2.15M (4% off of List Price), DOM=25
CLOSED ESCROW – 2905 Franciscan Wy, $1.975M (1% off of List Price), DOM=9
CLOSED ESCROW – Casanova 2NW of 12th, $1.628M (1% off of List Price), DOM=5
NEW SALE – Vizcaino 10SE Mountain View, $2.595M, DOM=46
NEW SALE – Dolores 5NE of Santa Lucia, $1.995M, DOM=28
NEW SALE – Guadalupe 2SW of 2nd, $899K, DOM=Off-Market
ACTIVE LISTINGS= 63 Homes (NW Carmel=11, NE Carmel=8, Golden Rectangle=16, SE Carmel=7, Carmel Point=10, Hatton Fields=11)
NEW SALE – 2953 Cuesta Wy, $1.99M, DOM=303
NEW SALE – 122 Cypress Wy, $1.37M, DOM=9
ACTIVE LISTINGS= 16 Homes (6 oceanfront)
No news to report in the Quail area.
ACTIVE LISTINGS= 16 Homes (2 in Quail Meadows, 1 in Quail Lodge, 13 in Preserve)