JANUARY MOMENTUM

ellen Weekly Blog

As the new year rolls in, pouring rains have elevated flow rates in the Carmel River this week. Our local regions were equally productive, ringing in a busy start to the year with 9 closings (5 in Pebble Beach, 4 in Carmel) as well as 7 new sales (4 in Pebble, 2 in Carmel, 1 in Quail Lodge). We are busy chipping away at our 4th Quarter Market Update which we’ll have ready next week – until then, below please find a screenshot of the market activity from the first full week in 2019:

Pebble Beach
CLOSED ESCROW: 3301 17 Mile Drive #5, Sale Price: $4.2M (less than 1% over asking price), DOM = 25.
CLOSED ESCROW: 1545 Venadero Road, Sale Price: $3.4M (24% off original list price; 3% off most recent list price), DOM = 207.
CLOSED ESCROW: 2822 Raccoon Trail, Sale Price: $1.216M (less than 1% off list price), DOM = 3.
CLOSED ESCROW: 3019 Sherman Road, Sale Price: $980K (10% off list price), DOM = off market.
CLOSED ESCROW: 4068 Sunset Lane, Sale Price: $971K (1% off list price), DOM = 7.
NEW SALE: 3301 17 Mile Drive #15, List Price: $4.5M, DOM = 6.
NEW SALE: 4067 Los Altos Drive, List Price: $1.29M, DOM = 33.
NEW SALE: 2 Spyglass Woods Drive, List Price: $1.25M, DOM = 99.
NEW SALE: 1047 The Old Drive, List Price: $1.298M, DOM = 2.
ACTIVE LISTINGS: 69 Homes (Country Club West = 14, Country Club East = 8, Central Pebble = 22, Lodge = 15, Upper Forest = 10), 20 Lots.

Carmel
CLOSED ESCROW: Carmelo 3 SW of 11th Avenue, Sale Price: $5.725M (4% off list price), DOM = 134.
CLOSED ESCROW: Lincoln 3 NW of Santa Lucia, Sale Price: $3.995M (sold off market at full price).
CLOSED ESCROW: Palou 11 NW Of Casanova, Sale Price: $2.65M (10% off original list price, 4% off most recent list price), DOM = 158.
CLOSED ESCROW: Carpenter 4 SE of 4th Street, Sale Price: $1.2M (11% off original list price, 6% off most recent list price), DOM = 52.
NEW SALE: Lincoln 2 SW of 8th, List Price: $2.75M, DOM = 152.
NEW SALE: 26029 Atherton Drive, List Price: $1M, DOM = 100.
ACTIVE LISTINGS: 53 Homes (NW Carmel = 3, NE Carmel = 17, Golden Rectangle = 9, SE Carmel = 7, Carmel Point = 9, Hatton Fields = 8), 6 Lots.

Carmel Highlands
ACTIVE LISTINGS: 17 Homes (4 Oceanfront), 6 Lots.

Quail/Preserve
NEW SALE: 7044 Valley Greens Circle, List Price: $2.295M, DOM = 5
ACTIVE LISTINGS: Quail Meadows = 1 Home, 0 Lots. Quail Lodge = 2 Homes, 2 Lots. The Preserve = 11 Homes, 47 Lots.