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


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

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

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

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