TWO WEEK RECAP

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Hope all had a wonderful Thanksgiving holiday.  Spectacular weather for the holiday here in Carmel/Pebble and we’re now getting some sorely-needed rain.

On the Pebble Beach and prime Carmel market fronts, pretty clear that Carmel has begun its holiday siesta: zero new sales in the prime parts of Carmel in the past two weeks and only 1 closed sale, a major-fixer on a double lot in the Golden Rectangle that closed at $1.665M, well below the sellers previous sale price.  After a very strong year it does look like the Carmel market is ready to take a holiday breather.

Pebble however continued to pop with 8 news sales in the past two weeks and 4 closed sales – exceptional velocity for this time of year.  Not entirely sure why the different velocity between Carmel and Pebble – don’t sense any major pattern but we’re paying attention to it.  The 8 new sales included our Townhome at The Lodge with an ask of $3.95M (drew multiple offers) and a larger fixer on Viscaino in the Estates part of The Forest with an ask of $2.3M and the balance of new sales under $1.575M scattered throughout the MPCC or Upper Forest areas.  Pebble’s closed sales involved an older home and guest house along 17 Mile Drive opposite the 15th hole at $3.788M and 3 MPCC-area homes all under $1.187M.  Watching the MLS this week my sense is that Pebble will also be slowing but the past two weeks defied historical norms – very healthy activity.

Holiday activities are picking up around town – hope you’re able to get out and enjoy them:

Around Town:

12/5 – Holiday Tree Lighting 430 pm at Devendorf Park

12/5 – Carmel Plaza Holiday Open House from 5-7pm

12/6 – Joullian Vineyard’s Annual Wine & Wreaths at Joullian Vineyards & Winery

12/7 – Inns of Distinction Tour offered by Carmel Heritage Society

12/10 – Carmel Chamber of Commerce Awards of Excellence Gala at Wedgewood Wedding & Banquet Center

12/12 – Exhibition: Tragic Beauty – Photographs by Shannon Jensen and David Julian at The Center for Photographic Art

Best,

Mike, Jess & Nic

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