Let The Good Times Roll

ellen Weekly Blog 0 Comments

With all of the attention on the Concours events this week, the real estate market took a back seat with a slight down-shift in action.  So far, this year’s Concours has lived up to the hype and delivered another spectacular week with gorgeous weather and cars rolling through town.  The market saw only 3 closed sales and 4 news sales in Pebble Beach, Carmel, the Carmel Highlands and Quail Lodge.

Pebble’s 2 closed sales included a couple of major fixers – one in Upper Pebble that closed at $1.35M (8% off of list price) and the other in Country Club East that closed at $835K (7% off of list price).  Pebble’s 2 new sales included a recent remodel on Viscaino with an ask of $3.595M (179 DOM) and a tear down in Upper Pebble with an ask of $1.185M (101 DOM).  Of the 5 new listings that hit the market this week in Pebble, 2 are from the Estates area, 2 in MPCC and 1 in the Upper Forest.

The prime parts of Carmel tapered back this week as well with only 1 closed and 1 new sale.  The lone closed sale, a cute cottage fixer on the corner of Dolores & 12th, closed at $1.445M (3% off of list price).  The only new sale was a exceptional single story home on coveted Shafter Way with an ask of $5.175M (264 DOM).  We are thrilled to have the honor of bringing another highly sought after oceanfront property in Carmel to the market, 7 Sand & Sea.  Sitting directly on Carmel Beach with panoramic views of Carmel Bay and Point Lobos beyond, this spectacular single level home is undergoing a complete rebuild by Saroyan Master builders and is scheduled for completion early Fall. With 4 bedrooms, 3 full and 1 half baths, this 2,640+ square foot home offers vaulted ceilings, the finest in finishes and walls of glass that open to a seaside patio and fire pit perfect for those capturing Carmel sunsets.

Very little to report in the Quail Lodge area with only one new listing coming to market this week – a ranch style fixer on the 6th hole of Quail with an ask of $1.395M.  As you might have seen in the Carmel Pine Cone, soon we are bringing a sophisticated contemporary-ranch home privately located in Quail Meadows.  To learn more information about this spectacular property at 5497 Oak Trail, please visit our discreetly available listings section of our website.

Good news down the coast in Carmel Highlands, we are very delighted to have put another of our ocean front listings into escrow; with an ask of $5.495M (248 DOM), 30890 Aurora Del Mar is a very unique property with a Mark Mills designed home and panoramic views of the pristine Big Sur Coastline.

As for Concours, the best is yet to come, enjoy the festivities!

Around Town:

8/15-8/16 – Gooding & Company Auction at the Equestrian Center in Pebble Beach

8/15 – Pebble Beach RetroAuto, Pebble Beach Classic Car Forum, & Pebble Beach Classic Car Expo all at the Inn at Spanish Bay

8/16 – Pebble Beach Concours D’Elegance at the 18th fairway of Pebble Beach

8/16 – Automotive Fine Arts Society (AFAS) Exhibition

Best,

Mike, Jess & Nic

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