Indian Summer Brings a Dip in Sales

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September is officially upon us and with it comes the best weather of the year. Perhaps it’s the 70 degree cloudless weather that has caused the dip in sales this week as we only saw 4 new sales and three closed. Pebble Beach had the majority of deals with three new sales including our listing at 1559 Sonado – a stunning Mediterranean with views over Stillwater Cove. The two other new sales in Pebble included a fixer on Chaparral listed for $925K and an older ranch-style home on Lopez listed for $1.225M. The two closed sales in Pebble Beach included a newly-built craftsman on El Bosque that sold for $1.22M and a house on Colton Road that sold for $790K.

Carmel had just one new and one closed sale this week – both out on Carmel Point. The new sale was a tiny 1 BR cottage on San Antonio that’s listed for $1.295M. The closed sale was on a trip lot on Carmelo that sold for $2M. Although sales in Carmel appear slower than Pebble Beach currently, when comparing July and August of 2012 to the same period this year, we’re actually up 42% (10 vs. 7).

Here’s what’s going on around town this week:

9/6: Carmel Plaza’s Summer Live Music Series

9/6: Trio Carmel – Meet the Winemaker Series

9/10: Heirloom Tomato Dinner at the Mirabel Hotel

9/11: “Resolve and Remembrance” Unveiling Ceremony

9/11: Aubergine Presents: Autumn Soups and Stews Cooking Class

9/12-9/22: Don Giovanni Opera at the Hidden Valley Theatre

9/12: Sunset Center Presents Michael Feinstein Trio

9/12: The Second Annual Carmel by the Glass in Devendorf Park

 

Best,

Mike, Lynn and Jess.

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