Our typical seasonal slow-down has yet to materialize as the Pebble Beach and prime Carmel markets keep on trucking. 4 closed sales in Pebble and 3 in Carmel last week. Solid activity. The 4 closed sales in Pebble ranged from $2.725M, $2.15M, $895K to $608K. Our $31M sale showed up in the data this week but actually closed last Friday. Pebble also saw one new sale, a fixer on Viscaino with an ask of $2.3M. All things considered, a very healthy week in Pebble. We are expecting things to begin to take a nap as the holidays draw near but, so far, activity remains steady.
Carmel’s 3 closed sales were all in the Golden Rectangle, ranging from $3.6M, $2.5M to a small fixer at $1.25M. Again, good stuff. We have taken note that demand seems to have tilted somewhat from Carmel Point to the Golden Rectangle, with the walk-to-town demographic holding sway of late. Carmel also saw two new sales, a classic cottage on Monte Verde with an ask of $2.395M and a major-fixer with spectacular views on the west side of Scenic with an ask of $4.299M. Scenic continues to draw exceptionally strong interest this year – always hot but hotter than normal of late.
We’re finally looking forward to some rain this weekend if you’re out and about enjoying the happenings around town:
11/06-11/08 – The Big Sur Food and Wine Festival, for information on locations please check their website.
Mike, Jess & Nic