SPRINGING PAST TAX DAY

ellen Weekly Blog

Mid-April is where we typically see a calm before our market picks up for its primary selling season. Slow and steady through tax day this year as Pebble edged Carmel for the weekly crown. Good to see that all areas had notable activity this week. As always, a few highlights from the week below:

Pebble’s market kept pace with recent activity, reporting 1 closed escrow and 3 new sales this week. The lone closed escrow came from the frontlines below Spyglass Hill’s 4th fairway – a 60’s rustic modern with expansive ocean views that previously sold at $5.5M in ’16 and just closed again at $5.8M (3% off of List Price). The top new sale is a 70’s Contemporary-style home in the Central Pebble area with an ask of $2.695M. The other new sales include a remodeled traditional-style home in the MPCC area, adjacent to the first hole of MPCC’s Dunes Course, offered at $2.275M and a renovated ranch-style home in the Country Club East area that’s listed at $1.695M

Carmel’s market slowed from the previous week as tax day stalled demand for Carmel’s market – second slowest week in 2017. The lone closed escrow came from Carmel Point – a tastefully designed Tuscan-style home (3,665 sf) on an oversized lot (8,400 sf) that closed at $5.35M. The lone new sale comes from the NW area of Carmel – a 90’s Contemporary-style home with filtered ocean views and an ask of $1.999M.

The Quail area had a nice bump in activity to report this week with 2 closed escrows. The top closed escrow was a ranch-style home along the fairway of Quail’s 9th hole that drew multiple offers and eventually closed at $1.733M. The other closed escrow was a condo (unit#13) that overlooks the 5th green at Quail, which closed at $775K (5% off of List Price).

The Highlands also had one closed escrow on the East side of Highway 1 – a classic MJ Murphy home (built in 1918) with ocean views, just above the Highlands Inn that sold for $1.875M (20% off of List Price).

Best,
Mike, Jess & Nic

Pebble Beach
CLOSED ESCROW – 3129 17 Mile Dr, $5.8M (3% off of List Price), DOM=49
NEW SALE – 3150 Ferguson Ln, $2.65M, DOM=70
NEW SALE – 2979 Quarry Rd, $2.275M, DOM=50
NEW SALE – 1162 Chaparral Rd, $1.695M, DOM=31
ACTIVE LISTINGS= 77 Homes (Country Club West=13, Country Club East=12, Central Pebble=29, Lodge=17, Upper Forest=6), 19 Lots

Carmel
CLOSED ESCROW – 26215 Hilltop Pl, $5.35M (7% off of List Price), DOM=132
NEW SALE – San Carlos 2NE of 1st Ave, $1.999M, DOM=431
ACTIVE LISTINGS= 81 Homes (Carmel Woods=4, NW Carmel=16, NE Carmel=10, Golden Rectangle=15, SE Carmel=13, Carmel Point=12, Hatton Fields=11), 5 Lots

Highlands
CLOSED ESCROW – 154 Highland Dr, $1.875M (20% off of List Price), DOM=215
ACTIVE LISTINGS= 14 Homes (14 in Highlands- 7 oceanfront, 0 in Meadows), 4 Lots

Quail
CLOSED ESCROW – 8005 River Pl, $1.733M (2% off of List Price), DOM-8
CLOSED ESCROW –7020 Valley Greens Dr #13, $775K (5% off of List Price), DOM=26
ACTIVE LISTINGS= 5 Homes (2 in Quail Meadows, 3 in Quail Lodge), 2 Lots

 

Around Town
4/20-23: Pebble Beach Food & Wine
Various locations around Pebble Beach
All day
$100-750

4/20-23: Sea Otter Classic
Laguna Seca Recreation Area
All day
$20

4/22: Exclusive Winery Tour
Galante Family Winery
11:00 am- 2:00 pm
$50

4/23: 2313 Bay View – Open House
2:00 – 4:00 pm

4/26: Folktale Artisan Workshop: Pressed Flowers
Folktale Winery & Vineyard
6:00 – 8:00 pm
$55

4/27: Forks.Corks.Action
Hyatt Carmel Highlands
6:00 pm
$120