READY TO RACE?

ellen Weekly Blog

With the annual Big Sur Marathon running through town, the energy in Carmel has picked up in anticipation for the race.  Carmel’s market continues to move at a torrent pace, seizing the weekly title for the fourth week in a row(8 closed escrows and 6 new sales).  Pebble continues to lag behind Carmel in activity and is chugging along at a slower pace with 1 closed sale and 4 new sales.  Below are some highlights from the week:
Compared to Carmel, Pebble remains quiet with only 1 closed escrow and 4 new sales.  The lone closed escrow came the Upper Forest area- an updated French-style estate that closed at $1.5M (6% off of list price).  The top new sale is a Mark Mills design Mid-Century Modern on the frontlines of MPCC’s Shore Course with an ask of $4.8M.  The other new sales include a Ranch-Style single story home with ocean views on the East side of Crespi Ln with an ask of $3.995M; a two story Ranch-Style home on the inner part of Cormorant with an ask of $1.795M and a 1930’s Spanish Colonial, also in the MPCC area, listed at $1.698M.  The MPCC area continues to be the hottest part of Pebble’s market in anticipation of the opening of the Dunes Course.
Hard to believe but Carmel had another week of double digit sales.  The top closed escrow is a tastefully remodeled beachfront Contemporary designed by Saroyan Masterbuilders that closed at $10.7M (21% off of list price)- we had the honor of representing the seller of this truly one-of-a-kind property.  The other noteworthy closed escrows include a Mediterranean on the corner of San Antonio and 4th that closed at $3.34M (11% off of list price); a Ranch-Style home in Carmel Point that sold off-market at $3.05M; a high quality recently built cottage in the Golden Rectangle that sold over the ask price of $3.195M and an Allen Turpen designed cottage in NE Carmel that closed at $1.865M (2% off of list price).  The remaining 3 closed escrows ranged from $1.35M down to $1.1M.  The top new sale is a recently built three story Modern-Style condo in the heart of downtown with an ask of $4.795M.  The other new sales include a Saroyan Masterbuilders designed Mediterranean just North of La Playa hotel listed at $4.795M; a Ranch-Style home in NE Carmel with an ask of $1.49M; a Ranch-Style fixer in SE Carmel listed at $1.25M; a Midcentury Modern fixer just across the street from the previous sale with an ask of $1.145M and a tear down in the outskirts of NE Carmel with an ask of $899K.  Aside from that sale, the entry ticket for Carmel is essentially above the $1M threshold.
No news to report in the Highlands.
Quail remains active with 2 closed escrows this week.  The top closed escrow comes from Quail Meadows- a custom built French estate on perhaps the best lot in the Meadows that closed at $4.575M (14% off of list price).  This makes the third sale this year in Quail Meadows, already surpassing its annual averages.  The other closed escrow comes from Quail Lodge- a Mediterranean-Style teardown on an inner part of Valley Greens Drive.  This is a good data point for dirt value in Quail Lodge.
Best,
Mike, Jess & Nic

 

Around Town 

4/23 : Monterey Springfest Horse Show

4/24 : Big Sur International Marathon in Big Sur and Carmel

4/24 : My ParTEA at the Tehama Golf Club

4/27 : Twilight Cycling at Mazada Raceway Laguna Seca

4/28 : Todd Rundgren at Golden State Theatre

4/28 : Empty Bowls Benefit at Carmel High School

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pebble
CLOSED ESCROW – 4071 Los Altos Dr, $1.5M (6% off of list price), DOM=17
NEW SALE – 3044 Cormorant Rd, $4.8M, DOM=152
NEW SALE – 1651 Crespi Ln, $3.995M, DOM=56
NEW SALE – 3033 Cormorant Rd, $1.795M, DOM= Off-Market
NEW SALE – 3035 Valdez Rd, $1.698M, DOM=73
ACTIVE LISTINGS= 66 Homes (26 in MPCC area, 33 in Central Pebble, 7 in Upper Forest), 25 Lots

Carmel
CLOSED ESCROW – 7 Sand & Sea, $10.7M (21% off of list price), DOM=67
CLOSED ESCROW – NE Corner of 4th and San Antonio, $3.34M (11% off of list price), DOM=135
CLOSED ESCROW – 26337 Carmelo St, $3.05M (5% off of list price), DOM= Off-Market
CLOSED ESCROW – Casanova 3SW of 11th, $3.2M (1% over list price), DOM=28
CLOSED ESCROW – Santa Fe 3SW of 8th, $1.865M (2% off of list price), DOM=20
CLOSED ESCROW – NW Corner of Dolores & 4th, $1.35M (18% off of list price), DOM=96
CLOSED ESCROW – Monte Verde 4NE of 7th, $1.01M (8% off of list price), DOM=10
CLOSED ESCROW – Mission 4SE of Alta, $1.1M (15% off of list price), DOM=63
NEW SALE – Mission 3SW of 7th, $4.795M, DOM=19
NEW SALE – NE Corner of Camino Real & 8th, $4.45M, DOM=30
NEW SALE – 3406 3rd Ave, $1.49M, DOM=38
NEW SALE – SE Corner of Torres & 10th, $1.25M, DOM=38
NEW SALE – NE Corner of Torres & 10th, $1.145M, DOM=36
NEW SALE – 24675 Dolores, $899K, DOM=35
ACTIVE LISTINGS= 77 Homes (10 in NW Carmel, 24 in NE Carmel, 15 in Golden Rectangle, 13 in Carmel Point, 8 in SE Carmel, 7 in Hatton Fields), 2 Lots

Highlands
ACTIVE LISTINGS= 15 Homes (6 oceanfront), 5 Lots

Quail
CLOSED ESCROW – 5464 Quail Way, $4.575M (14% off of list price), DOM=208
CLOSED ESCROW – 7017 Valley Greens Cir, $1.018M (22% off of list price), DOM=30
ACTIVE LISTINGS= 8 Homes (4 in Quail Meadows, 4 in Quail Lodge), 2 Lots

 

Pebble Beach Real Estate

Carmel Real Estate

Carmel Highlands

Quail Real Estate