WEEKLY EBB & FLOW

ellen Weekly Blog

Coming off of a very busy AT&T Pro-Am week, the market noticeably slowed across the Peninsula, particularly in the prime parts of Carmel ( 2nd slowest week in ’17). As always, a few highlights from the week below:

Pebble’s market slowed yet again with just 1 closed escrow and 2 new sales. The lone closed escrow came from the quiet, gated enclave of Macomber Estates – a 7,200 sq.ft. custom built Spanish-Colonial with ocean views that sold for $6.05M (14% off of List Price). The top new sale comes from Rodeo Rd in the heart of the MPCC area – a recently built Mediterranean-style home just off of the course that’s listed at $3.55M. The other new sale, also from the MPCC area, is an interior condo along the 13th fairway of Spanish Bay, offered at $3.35M. We’re honored to represent the buyer of this sought after unit.

Carmel’s market behaved much more subdued this week as the town recovers from celebrating Jordan Spieth’s victory at the AT&T Tourney. The top closed escrow came from Santa Lucia Ave (border of Golden Rectangle & Carmel Point) – a recently built 3 story Spanish-style home that closed at $3.75M (7% off of List Price). The other closed escrows included a tastefully designed Contemporary-ranch home on a double lot in the SE area of Carmel that sold for $2.8M (13% off of List Price) and a newly built Mediterranean-style home on Rio Rd with ocean views that closed at , $2.55M (12% off of List Price). The top new sale comes from the NW area of Carmel at the corner of 4th & Carmelo– after selling less than 7 months prior, this 3 story ocean view home went back into escrow at $3.995M.

The Highlands had activity to report with a new sale coming from the frontlines of Yankee Point Dr- a ranch-style home built in the 90’s with panoramic ocean views, offered at $5.5M.

No news to report in Quail this week.

Pebble Beach
CLOSED ESCROW – 3255 Macomber Dr, $6.05M (14% off of List Price), DOM=46
NEW SALE – 1051 Rodeo Rd, $3.55M, DOM=304
NEW SALE – 64 Spanish Bay, $3.35M, DOM=244
ACTIVE LISTINGS= 81 Homes (Country Club West=15, Country Club East=11, Central Pebble=31, Lodge=18, Upper Forest=6), 19 Lots

Carmel
CLOSED ESCROW – 2568 Santa Lucia, $3.75M (7% off of List Price), DOM=47
CLOSED ESCROW – Santa Fe 5SW of 8th, $2.8M (13% off of List Price), DOM=183
CLOSED ESCROW – 3375 Rio Rd, $2.55M (12% off of List Price), DOM=30
NEW SALE – NW Corner of Carmelo & 4th, $3.995M, DOM=64
ACTIVE LISTINGS= 81 Homes (Carmel Woods=4, NW Carmel=18, NE Carmel=13, Golden Rectangle=15, SE Carmel=9, Carmel Point=11, Hatton Fields=11), 4 Lots

Highlands
NEW SALE – 66 Yankee Point Dr, $5.5M, DOM=9
ACTIVE LISTINGS= 27 Homes (27 in Highlands- 7 oceanfront, 3 in Meadows), 9 Lots

Quail
No news to report
ACTIVE LISTINGS= 6 Homes (3 in Quail Meadows, 3 in Quail Lodge), 2 Lots

 

Around Town

2/17: 11th Annual Friends of the Monterey Public Library Chocolate and Wine Tasting Benefit
Monterey Public Library
7:00-9:00 PM
$30-35

 

2/18: Live Music Featuring Austin Metreyeon
Folktail Winery
4:30-7:30 PM
Free

 

2/19: Hollywood in your Backyard: Big Little Lies Debut Celebration
Carmel Mission Inn
5:00-7:30 PM
$5

 

2/23: The Chieftains
Sunset Center
8:00-11:30 PM
$59-79

 

2/24: Library Wine Tasting
Galante Family Winery
4:00-6:00 PM
$15-25