ellen Weekly Blog

The bottom of the Pebble market continues to roll with all new activity this week under the $2M ticker.  Pebble saw 4 new sales throughout the forest ranging in asking prices from $649K to $1.399M. Pebble’s 4 closed sales included a Mediterranean in the MPCC area that closed at $1.6M (6% off of list price), a remodel in the Country Club West area that closed at $1.299M (2% over list price) and two major fixers in the Upper Forest that closed at $685K and 820K (both within 2% of list price).  Pebble saw 10 new listings this week around the Forest as our selling season shifts into gear.  As mentioned last week, we just brought to market a spectacular Mediterranean tucked beside the 2nd green of Pebble – click the link to view this Ultimate Golfer’s Retreat.

The prime parts of Carmel continue to trail Pebble in sales volume – primarily due to a lack of inventory.  The one closed sale this week was a tastefully renovated contemporary home on Carmel Point that closed at $4.15M (8% off of list price).  The sole new sale came from the highly sought after Scenic Rd – we’re delighted to represent the buyers of this contemporary beachfront retreat on Scenic, 2SW of Ocean.  There is one new listing to mention, just north of Ocean – a three story compound on Monte Verde 2NE of 3rd with an ask of $4.995M.

About Town:

5/22 – Friday Night Music at the Carmel Crossroads.

5/23 – Collection Highlights celebrating 40 years at Western Gallery.

5/25 – Memorial Day Ceremony at Devendorf Park.

5/26 – Wine By Time Tuesdays at McIntyre Vineyards Tasting Room at the Carmel Crossroads.


Mike, Jess & Nic