Off Market Sales Pop

admin Uncategorized

New sales in Pebble Beach and the prime parts of Carmel slowed this week but both markets saw some action with off-market sales at the top.  Odd week in Carmel with no new sales, two properties on Scenic that were in escrow fell out and the sole closed sale an off-market sale of a street-to-street property on Scenic closing for $11.6M, the highest priced sale in Carmel since we sold the Butterfly House at $16.5M. Not quite as turbulent as the stop market but a lot of up and down action in Carmel this week.

Pebble Beach saw only one new sale, a fixer on Viscaino with an ask of $2.3M; markets clearly slowed this week – not entirely clear why – we’re keeping an eye on whether it’s a blip or a trend.  Pebble did have a strong week with closed sales that had been in escrow:  5 properties closed escrow through the mls and 2 closed off market – heckuva closing week.  The 5 ranged from $973K, $1.025M, $1.065M, $1.3M and $1.75M; the off- market sales included a classic ocean view Mediterranean on Riata Road at $4.02M and perhaps the strongest ocean view fixer (not on the ocean or golf front) that’s hit the market in years that closed at $10.3M.

Our heat wave finally passed – feels great to have our cool weather again.  Hope you’re able to get out there and enjoy the activities around town:

 

Around Town:

10/10 -10/12 – Monterey Symphony presents “Fantasia: Live in Concert” at The Sunset Center

10/10-10/12 – Rolex Monterey Motorsports Reunion at Mazda Raceway Laguna Seca

10/11 – Galante Vineyards 20th Anniversary Celebration at Galante Vineyards

10/15-10/19 – The 6th Annual Carmel International Film Festival at The Sunset Center

10/18 – 8X10 Fundraising Exhibition 2014 at The Sunset Center

 

Best,

Mike & Jess