HERE’S TO 2018!

ellen Weekly Blog

Pebble finished the year on a high note with a very robust week – the strongest in months – while the rest of areas enjoyed their seasonal slumber. The Canning Properties Group wishes all a safe and happy new year. As always, a few highlights from the week below:

As mentioned, Pebble had an atypically strong week with 9 closed escrows and 4 new sales. We’re very honored to represent both sides of the top closed escrow this week – a tastefully remodeled Mediterranean style home with ocean and golf views (Pebble’s 15th fairway) that closed at $7.5M. The other notable closed escrows included a frontline midcentury modern home just below Spyglass’s 4th hole that sold for $5.6M (7% off of List Price), a 60’s ranch style home in the Lodge area of Pebble that sold off-market at $2.2M (2% off of List Price); 4 traditional style homes in the MPCC area that sold for $1.735M, $1.7M, $1.65M and $1.6M respectively; a rustic contemporary in the Upper Forest that sold for $1.25M (6% over List Price) and a condo – also in the Upper Forest – with distant ocean views that closed at $988K (1% off of List Price). The top new sale comes from the Central Pebble area on the prized Bonifacio Rd – a dated estate style home with ocean views and an ask of $4.998M. The other new sales include a remodeled Mediterranean style home on Spyglass’s 16th fairway, listed at $3.4M and 2 Conrad Asturi contemporary style homes in the MPCC area (1 on the 6th fairway of the Dunes Course) with ask prices of $3.185M and $2.975M respectively.

Carmel had a quiet week with just 2 closed escrows and 2 new sales. The top closed escrow was a small cottage built in the 60’s in the NE area of Carmel that sold for $1.25M (6% off of List Price). The other closed escrow came from the lower Hatton Fields area – a dated 50’s ranch style home with valley views that sold for $1.21M (6% off of List Price). The top new sale comes from the NW area of Carmel on Dolores – a newly remodeled contemporary style home with an in-law unit and an ask of $2.349M. The other new sale is a 20’s teardown in the heart of the Golden Rectangle with an ask of $1.4M – essentially dirt value.

Pebble Beach
CLOSED ESCROW – 3353 17 Mile Drive, $7.5M (16% off of List Price), DOM= Off-Market
CLOSED ESCROW – 1152 Signal Hill, $5.6M (7% off of List Price), DOM=96
CLOSED ESCROW – 3265 Ondulado Rd, $2.2M (2% off of List Price), DOM= Off-Market
CLOSED ESCROW – 3074 Strawberry Hill, $1.735M (3% off of List Price), DOM= 9
CLOSED ESCROW – 3129 Bird Rock Rd, $1.7M (10% off of List Price), DOM=46
CLOSED ESCROW – 1076 Indian Village Rd, $1.65M (3% off of List Price), DOM=32
CLOSED ESCROW – 3008 Forest Way, $1.6M (6% off of List Price), DOM=122
CLOSED ESCROW – 4168 Sunset Ln, $1.25M (6% over List Price), DOM=164
CLOSED ESCROW – 4176 Sunset Ln, $988K (1% off of List Price), DOM=9
NEW SALE – 1476 Bonifacio Rd, $4.998M, DOM=402
NEW SALE – 1205 Benbow Pl, $3.4M, DOM=453
NEW SALE – 1113 Arroyo Dr, $3.185M, DOM=456
NEW SALE – 3136 Stevenson Dr, $2.975M, DOM=169
Active Homes: 64 (Country Club East: 14 Country Club West: 12 Central Pebble: 17 The Lodge: 11 Upper Forest: 10), Active Lots: 13

Carmel
CLOSED ESCROW – NE Corner of Santa Fe & 4th, $1.25M (6% off of List Price), DOM=91
CLOSED ESCROW – 3488 Lazarro Rd, $1.21M (6% off of List Price), DOM=15
NEW SALE –Dolores 3SE of 3rd, $2.349M, DOM=81
NEW SALE – Monte Verde 3NE of 9th, $1.4M, DOM=132
Active Homes: 53 (NW Carmel: 9 NE Carmel: 7, Golden Rectangle: 10, SE Carmel: 9, Carmel Point: 9, Hatton Fields: 9), Active Lots: 2

Quail/Preserve
Quail Meadows Active Homes: 0, Quail Meadows Active Lots: 1
Quail Lodge Active Homes: 1, Quail Lodge Active Lots: 2
Preserve Active Homes: 9, Preserve Active Lots: 34

Carmel Highlands
Active Homes: 29 (8 oceanfront), Active Lots: 7