CARMEL STRIKES A CHORD THIS WEEK

ellen Weekly Blog

Our area has started to settle into the Holidays with a slower activity across all regions. Carmel had the only 2 new escrows and 11 of the 17 closed escrows for this week. Rounding out the regions, Pebble Beach had just 4 closed escrows this week and the Highlands had 2 closed escrows. We were honored to represent the buyers and sellers of the top sell this week on a striking oceanfront contemporary on Otter Cove that sold for $7.825M. If you’re around town this week, there’s Christmas in the Adobes in downtown Monterey tonight (12/9) or the Nutcracker at the Sunset Center in downtown Carmel.

Carmel had a surge in closed escrows this week with 11, including a post-adobe on Ladera with nice views of the Mission that closed for $3.35M and a spec on Casanova & 10th that closed with three offers just above list price at $2.9M. We were honored to represent the sellers of the home at Santa Rita 4SE of 2nd, which was impeccably built with every attention to detail and sold for $1.635M. The additional closed escrows include 26245 Dolores, a historic home on Casanova 5SE of 13th that sold for $1.85M, a light and bright home Guadalupe 5SE of 3rd sold after just 19 days for $1.81M, an updated home at 25045 Monterey sold for $1.5M, a charming cottage at Lobos 4NE of 3rd sold for $1.26M, an older home at Dolores 2SE of 8th sold for $1.075M and a condo at Mission 4NE of 5th closed at $942,500. Carmel had both new sales this week, including a spec on San Antonio that has been on the market for 301 days ($3.795M) and a rancher on Santa Fe on the market for just 91 days ($1.329M).

Pebble Beach had a slow week with no new sales and just 4 closed escrows. The top sale was a fixer on Padre with great ocean views that closed at $3.61M, an older contemporary with ocean views on 3071 Forest Way sold for $1.68M, a remodeled rancher at 1208 Lake Court sold for $1.35M and an older rancher on 1050 Laurel Lane sold for $1.075M. The bracket below $2M continues to be very active with an average days on market of just 43 days.

Carmel Highlands had an active week with 2 closed escrows, including the top sale this week with our listing at 30500 Aurora del Mar closing at $7.825M. The other closed escrow was a traditional home at 115 Pine Way that closed for $2.52M.

Nothing to report in Quail or the Preserve this week.

PEBBLE BEACH
CLOSED ESCROW – 1267 Padre LN , $3.61M (-6.2% off of List Price), DOM=31
CLOSED ESCROW – 3071 Forest WAY , $1.68M (-6.1% off of List Price), DOM=244
CLOSED ESCROW – 1208 Lake CT , $1.35M (-3.2% off of List Price), DOM=94
CLOSED ESCROW – 1050 Laurel LN , $1.075M (2.47% off of List Price), DOM=2
Active Homes: 79; Active Lots: 14; Country Club East: 18; Country Club West: 14; Central Pebble: 23; The Lodge: 14; Upper Forest: 10

CARMEL
NEW SALE – 2530 San Antonio AVE , $3.795M, DOM=301
NEW SALE – 0 Santa Fe, NE Corner of 4th AVE , $1.329M, DOM=91
CLOSED ESCROW – 26152 Ladera DR , $3.35M (-10.6% off of List Price), DOM=140
CLOSED ESCROW – 0 Casanova & 10th, NE Corner , $2.9M (0.17% off of List Price), DOM=24
CLOSED ESCROW – 26245 Dolores ST , $2.155M (-1.8% off of List Price), DOM=165
CLOSED ESCROW – 0 Casanova 5SE 13th , $1.85M (-7.2% off of List Price), DOM=177
CLOSED ESCROW – 0 Guadalupe 5 SE of 3rd , $1.81M (-4.4% off of List Price), DOM=19
CLOSED ESCROW – 0 Santa Rita 4 SE of 2nd , $1.635M (-3.7% off of List Price), DOM=222
CLOSED ESCROW – 25045 Monterey ST , $1.5M (0% off of List Price), DOM=10
CLOSED ESCROW – 0 Lobos 4NE of 3rd AVE , $1.26M (-2.7% off of List Price), DOM=24
CLOSED ESCROW – 0 Dolores 2 SW of 8th AVE , $1.2M (-5.8% off of List Price), DOM=132
CLOSED ESCROW – 24682 Dolores ST , $1.075M (-16.9% off of List Price), DOM=73
CLOSED ESCROW – 0 Mission 4 NE of 5th ST 1S, $0.9425M (-4.7% off of List Price), DOM=18
Active Homes: 62; Active Lots: 3; NW Carmel: 15; NE Carmel: 6; Golden Rectangle: 12; SE Carmel: 10; Carmel Point: 9; Hatton Fields: 10

CARMEL HIGHLANDS
CLOSED ESCROW – 30500 Aurora Del Mar , $7.825M (-5.6% off of List Price), DOM=156
CLOSED ESCROW – 115 Pine WAY , $2.52M (-9.8% off of List Price), DOM=228
Active Homes: 25; Oceanfront Homes: 9; Active Lots: 6;

QUAIL & PRESERVE
Quail Meadows Active Homes: 0; Quail Meadows Active Lots: 1; Quail Lodge Active Homes: 1; Quail Lodge Active Lots: 2; Preserve Active Homes: 10; Preserve Active Lots: 34