THE HIGHLANDS MARKET WAKENS

ellen Weekly Blog

To the surprise of locals, the Highlands market had a notable uptick in activity, despite Hwy 1 being log-jammed over recent weeks. The rest of the Peninsula saw a slight rise in activity this week, although still slower than seasonally adjusted averages. As always, a few highlights from the week below:

Another sluggish week for Pebble’s market with zero closed escrows and just 2 new sales. The top new sale is an updated 30’s Spanish-Colonial on an artery (Stevenson Dr) in the Country Club East area with ask of $1.979M. The other new sale is a 70’s ranch-style home, also in the Country Club East area, with an ask of $1.375M.

Sales in the prime parts of Carmel rose from the previous week, led by a rush of closed escrows (5). The top closed escrow came from the Golden Rectangle on Casanova, just South of Ocean Ave – a partially updated 60’s Cape Cod-style home that closed at $1.975M (1% off of List Price). The other closed escrows included another remodeled Cape Cod-style home in the outskirts of NE Carmel that sold for $1.85M (2% off of List Price); a modernized beach-cottage just North of Ocean Ave on Dolores that closed at $1.688M (5% off of List Price); a small (1,283 sqft), dated cottage in the heart of the Golden Rectangle that sold for $1.6M and a renovated, oversized home in the Eastern part of Carmel Point that closed at $1.46M.

The Highlands had a robust week by historical standards with 1 closed escrow and 3 new sales – all below the $2.5M threshold. After nearly 2 years of being in escrow, 31549 Hwy 1 finally closed at $1.525M. The top new sale is a 1918 MJ Murphy designed home with expansive ocean views, just above the Highlands Inn, that went into escrow with an ask of $2.35M. The other new sales include a teardown (dirt value) on the East side of Spindrift with an ask of $1.695M and a partially remodeled home in the ‘Meadows area, just West of Highway 1, listed at $1.029M.

Quail also had news to report this week with a listing on Valley Greens Cir going into escrow – a single-story Mediterranean-style home that overlooks the 3rd fairway of Quail, offered at $1.895M.

Pebble Beach
NEW SALE – 3077 Stevenson Dr, $1.979M, DOM=22
NEW SALE – 3076 Larkin Rd, $1.375M, DOM=45
ACTIVE LISTINGS= 72 Homes (Country Club West=14, Country Club East=7, Central Pebble=28, Lodge=17, Upper Forest=6), 18 Lots

Carmel
CLOSED ESCROW – Casanova 2SE of Ocean Ave, $1.975M (1% off of List Price), DOM=17
CLOSED ESCROW – 3055 Lorca Ln, $1.85M (2% off of List Price), DOM=219
CLOSED ESCROW – NW Corner of Dolores & 4th, $1.688M (5% off of List Price), DOM=79
CLOSED ESCROW – SW Corner of Lincoln & 10th, $1.6M (5% off of List Price), DOM=23
CLOSED ESCROW – 26306 Monte Verde, $1.46M (2% off of List Price), DOM=260
ACTIVE LISTINGS= 76 Homes (Carmel Woods=2, NW Carmel=17, NE Carmel=11, Golden Rectangle=15, SE Carmel=9, Carmel Point=11, Hatton Fields=11), 3 Lots

Highlands
CLOSED ESCROW – 31549 Highway 1, $1.525M (19% off of List Price), DOM=164
NEW SALE – 154 Highlands Dr, $2.35M, DOM=215
NEW SALE – 165-A Spindrift Rd, $1.695M, DOM=53
NEW SALE – 27300 Highway 1, $1.029M, DOM=204
ACTIVE LISTINGS= 24 Homes (24 in Highlands- 6 oceanfront, 1 in Meadows), 6 Lots

Quail
NEW SALE – 7050 Valley Greens Cir, $1.895M, DOM=31
ACTIVE LISTINGS= 6 Homes (3 in Quail Meadows, 3 in Quail Lodge), 2 Lots

 

Around Town

3/10: The Beach Boys
Golden State Theatre
7:30 pm
$56-108

3/11 &12: Big Sur Pop Over
Salumeria Luca
10:00 am-5:00 pm

Chef’s from Big Sur Bakery and Post Ranch Inn are “popping over” to Salumeria Luca in Carmel on Saturday and Sunday to create delicious treats to benefit residents of Big Sur who are affected by the recent storms.

Please come out and show your support for our beautiful community down the coast.

3/13 : Photography Lecture Series with Mary Aiu
Monterey Museum of Art
1:00-2:00 pm
$10

3/16 : Bee Education Dinner
Beach House Restaurant at Lovers Point
6:00 pm
$69