Pebble Beach and Prime Carmel Markets Keep Chugging Along

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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:

Around Town:

10/31-11/06 – The Servant of Two Masters (BG) at The Circle Theatre Carmel-By-The-Sea

11/02 – The Hagen String Quartet at The Sunset Center

11/06-11/08 – The Big Sur Food and Wine Festival, for information on locations please check their website.

11/08 – Closing Reception 8X10 Fundraising Exhibit at The Center for Photographic Art

11/09 – Specticast: LOL Short Film Festival at The Golden Bough Theatre

Best,

Mike, Jess & Nic

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