Pebble Beach Continues to Outpace Carmel

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Pebble Beach had another solid week last week with 4 new sales and 3 closed sales.  The new sales included one of the best Townhomes at The Lodge (ask of $4.3M) and three other homes, all between $1.2-$2.2M  The closed sales included a smaller Mediterranean along 17 Mile Drive opposite the 15th hole with a close of $3.4M and an older well-located ocean view home near The Lodge which closed at $4.45M.  Again, solid steady stuff in Pebble.

The prime parts of Carmel continued to lag with no new sales and one closed sale on a fixer down on The Point which closed at $1.4M. The Carmel market has shown continued signs of slowing the past couple of months; as mentioned in last week’s blog, a lot of the slow down is attributable to the complete evaporation of supply below $2M.  Hard to sell what’s not there; certainly bodes well for would-be-sellers with a home at that price range.

We’re bringing a 3 parcel country compound – minutes to Carmel – to the market this week as another discreetly available listing. The first time to market in over 60 years, this property presents a unique opportunity for an extended family or investor. You can view the property website here or call us for additional information.

 

Best,

 

Mike, Lynn & Jess.

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