HAPPY LABOR DAY WEEKEND

ellen Weekly Blog

After an exciting Car Week on the Monterey Peninsula, we are winding down for a restful Labor Day Weekend. Our subject regions had a productive week with 2 new sales and 8 closed escrows. Canning Properties Group wishes you a happy and safe Labor Day filled with fun, family, and friends. Below please find a recap of our market activity from the week.

Two homes closed in Pebble this week: a custom Contemporary on a little over an acre in the Central Pebble region (sale price: $4M, 4.8% off list price) and a 1920’s-built Mediterranean in Country Club West which sold for 5.8% off list price at $2.35M.

Carmel outpaced the surrounding areas this week with 1 new sale and 4 closed escrows. Canning Properties Group is honored to represent the sellers and buyers of Casanova 2 SW of 13th, a beloved family home located minutes from the beach and town which will continue to be cherished for generations to come. This 1960’s-built fixer-upper sold for 13.5% off list price at $2.25M. The top closed escrow in Carmel this week was a remodeled cottage near downtown which sold for $15K above list price at $2.71M after just 4 days on the market. Other closings included a charming vintage home tucked behind the Carmel Mission (sale price: $2M, 12.9% off list price) and a cottage on the corner of Guadalupe and Ocean Avenue which sold for $1.595M (12.5% off list price). The lone new sale in Carmel this week was a comfortable home with separate guest house on 1/3 acre in Hatton Fields listed for $2.595M (DOM = 88).

Highlands oceanfront activity woke up this week; 156 Hwy 1, nestled in the hillside of Wildcat Cove, went into contract after over a year on the market. Worthy of note this home was originally listed at $8.999M and reduced incrementally to $5.65M.

Two homes sold in Quail this week – a dated 1970’s build with separate guest quarters closing at $1K above ask for $1.596M, and a mid-century modern remodel opportunity at $50K above list price for $975K. Both sales were on Valley Greens Circle and each was on the active market for roughly two weeks.

Pebble Beach
CLOSED ESCROW: 3106 Flavin Lane, Sale Price: $4M (4.8% off list price), DOM = 107.
CLOSED ESCROW: 2959 Peisano Road, Sale Price: $2.35M (5.8% off list price), DOM = 39.
ACTIVE LISTINGS: 80 Homes (Country Club West = 14, Country Club East = 10, Central Pebble = 21, Lodge = 18, Upper Forest = 17), 31 Lots.

Carmel
CLOSED ESCROW: Dolores 5 SE of 10th Street, Sale Price: $2.71M ($15K above list price), DOM = 4.
CLOSED ESCROW: Casanova 2 SW of 13th, Sale Price: $2.25M (13.5% discount off list price), DOM = 168.
CLOSED ESCROW: 26186 Dolores Street, Sale Price: $2M (12.9% discount off list price), DOM = 179.
CLOSED ESCROW: Guadalupe & Ocean, SW Corner, Sale Price: $1.595M (12.5% discount off list price), DOM = 106.
NEW SALE: 3407 7th Avenue, List Price: $2.595M, DOM = 88.
ACTIVE LISTINGS: ACTIVE LISTINGS: 61 Homes (NW Carmel = 8, NE Carmel = 10, SW Carmel = 9, SE Carmel = 6, Carmel Point = 14, Hatton Fields = 14), 7 Lots.

Carmel Highlands
NEW SALE: 156 Highway 1, List Price: $5.65M, DOM = 373.
ACTIVE LISTINGS: ACTIVE LISTINGS: 21 Homes (6 Oceanfront), 7 Lots.

Quail
CLOSED ESCROW: 7084 Valley Greens Circle, Sale Price: $1.596M ($1K above list price), DOM = 14.
CLOSED ESCROW: 7048 Valley Greens Circle, Sale Price: $975K ($50K above list price), DOM = 15.
ACTIVE LISTINGS: 7 Homes (Quail Lodge = 4, Quail Meadows = 3), 2 Lots (Quail Lodge = 2, Quail Meadows = 0).