Pebble Continues Roll, Carmel Wakes Up

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Pebble Beach continued on a strong pace with 4 new and 2 closed sales last week – no sign of lull in Pebble.  The 2 closed escrows were both fixers in the MPCC area: a French farmhouse that closed at $1.5M(4.8/% off of list price) and a traditional style house that closed at $1.079M (1.8% off of list price).  Pebble also saw 4 new sales last week with all of the activity concentrated under 2.5M: two fixers on Ronda Rd with asking prices of $1.295M & $1.95M, a remodeled Mediterranean near the Shelter with an ask of $1.68M and a traditional style fixer near MPCC with an ask of $1.595M.  The entry level of Pebble continues to be the most active part of the market.  Pebble saw only 1 new listing come to the market last week, a recently built Mediterranean on Bonifacio with an ask of $10.98M.

The prime parts of Carmel saw 1 closed and 2 new sales last week.  The only closed escrow was a charming Carmel cottage on a corner lot in the heart of the Golden Rectangle that closed at $2.65M(8.5% off of list price).  The new sales included a cottage fixer on Camino Real with an ask of $1.695M and a tear-down on 4 lots in Carmel Point with an ask of $4.995M.

Hopefully you are able to enjoy some of the beautiful weather this weekend, here is what is going on around town.

Around Town:

3/6-3/8: Relais & Châteaux Gourmet Fest 2015 at L’Auberge Carmel
3/6: Sitkovetsky Piano Trio at Sunset Center

Best Regards
Mike, Jess & Nic

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