With a flurry of heavy rains coming through over recent weeks, the Peninsula has enjoyed some much needed precipitation. We’re anticipating a sunny reprieve this weekend before more rain is forecasted for next week. The local market saw a slight uptick in activity, primarily in the prime parts of Carmel, which seized the weekly crown for the second time in ’17. As always, a few highlights from the week below:
A slow start to ’17 for Pebble with just 2 closed escrows and 2 new sales this week- mostly from Central Pebble. The top closed escrow came from just above the Lodge on Viscaino Road – a Sandy Walker designed Contemporary with filtered ocean views that sold for $2.295M (8% off of List Price). The other closed escrow was a condo in the Upper Forest that closed at the full price of $560K. We’re honored to represent both the buyer and seller of this week’s top new sale – aptly named ‘Stone Hollow’ and originally built by MJ Murphy in 1927, this fully renovated estate captures Pebble’s yesteryear with comfort of today’s lifestyle. We’re thrilled to represent the buyers of the other new sale this week, also from Central Pebble – a Midcentury-Modern style home in a great location on Venadero Road offered at $2.289M.
Carmel is maintaining a good pace with 5 closed escrows and 3 new sales this week. The top closed escrow came from the heart of the Golden Rectangle on Camino Real – a quintessential cottage, designed by Chris Tescher, that sold for $2.7M (7% off of List Price). The other closed escrows included a cottage built in the ‘90’s in NW Carmel that closed at $1.6M (6% off of List Price); an 80’s English-Country home in NE Carmel that sold for $1.42M (5% off of List Price); a teardown in the Southern part of the Golden Rectangle that closed at $1.15M (10% off of List Price) and a major fixer in the outskirts of NE Carmel that sold for $1.075M (7% off of List Price). The top new sale was a tastefully remodeled ranch-style home in a quiet section of SE Carmel with an ask of $3.195M. The other new sales include a 40’s cottage fixer with filtered ocean views in NE Carmel, listed at $1.195M and a 1 bedroom condo, also in NE Carmel, offered at $678K.
The Highlands had some activity with one closed escrow – a Contemporary-style home on the East side of Highway 1 with distant ocean views that sold for $1.4M (7% off of List Price).
No news to report in the Quail area.
Mike, Jess & Nic
CLOSED ESCROW – 1536 Viscaino Road, $2.295M (8% off of List Price), DOM=30
CLOSED ESCROW – 37 Shepherds Knoll, $560K (Full Price), DOM=18
NEW SALE – 1456 Riata Road, $5.75M, DOM=241
NEW SALE – 1504 Venadero Road, $2.289M, DOM=187
ACTIVE LISTINGS= 60 Homes (Country Club West=13, Country Club East=7, Central Pebble=19, Lodge=15, Upper Forest=6), 16 Lots
CLOSED ESCROW – 10th 2NW of Camino Real, $2.7M (7% off of List Price), DOM=42
CLOSED ESCROW – Dolores 3NE of 3rd, $1.6M (6% off of List Price), DOM=252
CLOSED ESCROW – Torres 2SE of 4th, $1.42M (5% off of List Price), DOM=105
CLOSED ESCROW – SE Corner of Lincoln and 13th, $1.15M (10% off of List Price), DOM= Off-Market
CLOSED ESCROW – SW Corner of Santa Fe & 1st, $1.075M (7% off of List Price), DOM=38
NEW SALE – Santa Fe 5SW of 8th, $3.195M, DOM=183
NEW SALE – Santa Fe 5NW of $5th, $1.195M, DOM=92
NEW SALE – Mission 4SE of 4th, $678K, DOM=40
ACTIVE LISTINGS= 68 Homes (Carmel Woods=3, NW Carmel=15, NE Carmel=10, Golden Rectangle=14, SE Carmel=8, Carmel Point=12, Hatton Fields=6), 4 Lots
CLOSED ESCROW – 31 Mentone Road, $1.4M (7% off of List Price), DOM=22
ACTIVE LISTINGS= 25 Homes (22 in Highlands- 8 oceanfront, 3 in Meadows), 7 Lots
No news to report
ACTIVE LISTINGS= 2 Homes (2 in Quail Meadows), 2 Lots
1/13-1/14: Monterey Symphony Presents Curtis Chamber on Tour
8:00 pm – 10:00 pm
1/15: Poppy Hills Run Fore Fun
Poppy Hills Golf Course
7:30 am – 11:30 am
8:00 pm – 11:00 pm
1/21: Mike Super : Magic and Illusion
8:00 pm – 11:00 pm