HERE COMES THE RAIN

ellen Weekly Blog

The Peninsula is enjoying some much needed rain this weekend while shoppers head to the stores for holiday gifts.  The local market ticked at a slower pace this week, perhaps in anticipation of a rate hike by the Federal Reserve (2nd since ’08).  Pebble’s market slowed again, giving Carmel the podium while the Quail and Highlands areas quieted down.  As always, a few highlights from the week below:

Pebble slowed below seasonal averages this week with just 2 closed escrows.  The top closed escrow came from Southeastern Central Pebble- a classic ranch-style home, steeped in ‘Pebble’ tradition that closed at $2.75M (8% off of List Price).  The other closed escrow came from the MPCC area- a remodeled ‘60’s ranch-style home that overlooks the 18th fairway of the Dunes Course (across Wranglers Trl) that sold for $1.647 (7% off of List Price).

For the 4th week in a row, a batch of new sales (5) propelled Carmel in front of Pebble.  The top new sale comes from a quiet part of Monte Verde in NW Carmel- a newly built 3 story home with ocean views and high-end finishes that’s listed at $4.995M.  The other new sales include a completely remodeled (’02) ranch-style home with Southwestern ocean views on the coveted Hatton Rd with an ask of $2.895M; another ranch-style home just South of Ocean Ave on Highway 1 that’s listed at $1.395M and a major fixer in the outskirts of NE Carmel that’s listed at $1.15M.

No news to report in either the Highlands or Quail areas.

Happy holidays,

Mike, Jess & Nic

 

Pebble
CLOSED ESCROW – 3150 Midwood Lane, $2.75M (8% off of List Price), DOM = 124
CLOSED ESCROW – 1006 Wranglers Trail Rd, $1.647M (7% off of List Price), DOM = 10
ACTIVE LISTINGS= 63 Homes (Country Club West=14, Country Club East=6, Central Pebble=20, Lodge=16, Upper Forest=7), 19 Lots

Carmel
NEW SALE – Monte Verde 2NE of 3rd, $4.995M, DOM = 575
NEW SALE – 25840 Hatton Road, $2.895M, DOM = 184
NEW SALE – 25418 Highway 1, $1.395M, DOM = 7
NEW SALE – SW Corner 1st & Sante Fe, $1.150M, DOM = 38
ACTIVE LISTINGS= 79 Homes (Carmel Woods=4, NW Carmel=15, NE Carmel=13, Golden Rectangle=16, SE Carmel=12, Carmel Point=13, Hatton Fields=6), 3 Lots

Carmel Highlands
No news to report
ACTIVE LISTINGS= 28 Homes (23 in Highlands- 9 oceanfront, 5 in Meadows- 1 oceanfront), 9 Lots

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

Around Town

12/16: Holiday Open House
Galante Vineyards
2:00 pm – 6:00 pm
$15

12/17: Windham Hill 30th Anniversary Winter Solstice
Sunset Center
8:00 pm
$39 – $59

12/18: Sunday Football & Breakfast at Peter B’s
Peter B’s
9:30 am

12/21: Christmas in Italy Holiday Party and Fundraiser
Cibo Ristorante Italiano
6:00 pm – 10:00 pm