Pebble Remains Hot, Carmel Simmers Down

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Once again, the Pebble Beach market continued its streak while Carmel slowed down.  Pebble saw 4 new sales last week; a frontline contemporary on Spyglass Hill Rd with an ask of $6.2M, a classic farmhouse fixer near the lodge with an ask of $2.35M and two partially renovated homes in the upper forest and country club areas with asks of $1.295M and $1.25M respectively.  Pebble also had 4 closed sales, all under the 2M ticker; a renovated traditional home above the lodge that sold at $1.9M (12% off of list price), an easy fixer right behind Stevenson that sold at $1.71M (4% off of list price), a recently remodeled Mediterranean in the MPCC area which was on the market for only 9 days that sold at $1.348M (0% off of list price) and a fixer near MPCC that sold at $1.245M (9% off of list price).

The prime parts of Carmel continue to be sluggish with only 2 new sales and 0 closed escrows last week.  Not too surprising with inventory levels being atypically low right now.  The 2 new sales included a two story fixer in Carmel Point that was on the market for only 7 days with an ask of $2.675M and a classic Tescher-built home on a prized corner lot in the heart of the GR with an ask of $2.298M – we’re delighted to represent the buyers on this highly sought after property.

A fair amount of events going on this week, hopefully you will be able to enjoy some of the activities around town:

About town:

3/14 – “Wine into Spring” at Boete Tasting Room

3/15 – Opera San Jose at The Sunset Center

3/15 – Meet the Artists with Miguel Dominguez and Mark Farina at the Carmel Art Association

3/18 – Sustainability Seminar with Steve McIntyre at the Crossroads

3/20 – New York Gilbert and Sullivan Players: HMS Pinafore at The Sunset Center

Best,

Mike, Jess & Nic

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