2019 U.S. Open in Full Swing


Who will you cheer for during the final rounds of the 2019 US Open?  We’ve been watching the leaderboard from the office all week and will on the course viewing live play this weekend – we hope to see you there!  Although the primary focus in the area has been on the tournament, our local real estate market experienced steady deal flow this week with 7 closed escrows and 7 new sales in our subject regions. 


We had 3 closings and 3 new sales in Pebble Beach this week.  Closings included a dated ocean view condominium at Spanish Bay Circle which sold for 4% off list price after 3 weeks on the market at $3.75M, a charming Traditional home ideally appointed in Country Club East with a sale price of $1.6M (Canning Properties Group sale, a 6% discount off most recent list price or 11% off the original list price, DOM = 52), and a California Ranch style home on coveted Ocean Road in Country Club West sold full price at $1.295M after 2 days on the market.  New sales in Pebble were the 2nd Canary Cottage – a historic ocean view manor in the Upper Forest which served as the 2nd discrete gambling casino in the area in the 1930’s (list price: $5.895M, DOM = 352), a 90’s-built English Tudor style home near MPCC on the market for just 1 week (list price: $3.599M), a cozy updated vintage Farmhouse on the 3rd tee of the Shore Course (list price: $1.695M, DOM = 37),


Carmel also maintained the pace with 3 closed escrows and 4 new sales.  The closed escrows in Carmel this week consisted of a Contemporary home on a double lot near town in NE Carmel which sold off market for a 6% discount off list price ($4.05M), a cozy vintage bungalow on the edge of the Golden Rectangle and Carmel Point which sold full price at $1.895M (DOM = 11), and a renovated 1930’s-built cottage on a double lot in NE Carmel (sale price: $1.55M, 3% off list price, DOM = 16).  New sales in Carmel included a newly constructed Traditional home on a large lot in Hatton Fields (list price: $3.149M, original list price: $3.495M, DOM = 126), a renovated Mid Century Contemporary with a rooftop deck and ocean views in Hatton Fields on the market for just 3 days (list price: $2.25M), a cute updated circa ‘40’s cottage in NE Carmel on the market for 4 days with an ask of $1.46M, and a remodeled Ranch style home in Hatton Fields reached mutual acceptance with a list price of $1.445 after a reduction from $1.499M (DOM = 115). 


Quail Lodge had 1 closing this week – a partially updated late ‘60’s build overlooking the lake at the Lodge/Golf Club which clocked in at $1.7M, a 5% discount off the most recent list price or 13% off original list price (DOM = 84).  There was no other activity to report in Quail or the Preserve.

Pebble Beach
  • CLOSED ESCROW: 74 Spanish Bay Circle, Sale Price: $3.75M (4% off list price), DOM = 26.

  • CLOSED ESCROW: 3019 Sherman Road, Sale Price: $1.6M (6% discount off most recent list price or 11% off original list price), DOM = 52.

  • CLOSED ESCROW: 1043 Ocean Road, Sale Price: $1.295M (full price), DOM = 2.

  • NEW SALE: 4042 Sunridge Road, List Price: $5.895M, DOM = 352.

  • NEW SALE: 1028 Marcheta Lane, List Price: $3.599M, DOM = 9.

  • NEW SALE: 1040 San Carlos Road, List Price: $1.695M, DOM = 37.

  • ACTIVE LISTINGS: 73 Homes (Country Club West = 18, Country Club East = 4, Central Pebble = 30, Lodge = 13, Upper Forest = 8), 31 Lots.

Carmel
  • CLOSED ESCROW: Santa Rita 2 NW of 6th, Sale Price: $4.05M (6% off list price), DOM = off market.

  • CLOSED ESCROW: Camino Real 4 SW of 13th Street, Sale Price: $1.895M (full price), DOM = 11.

  • CLOSED ESCROW: Carpenter 4 NW of 6th Avenue, Sale Price: $1.55M (3% off list price), DOM = 16.

  • NEW SALE: 26075 Atherton Drive, List Price: $3.149M (original $3.495M), DOM = 126.

  • NEW SALE: 3238 Taylor Road, List Price: $2.25M, DOM = 3.

  • NEW SALE: Lobos 5 NE of 4th Avenue, List Price: $1.46M, DOM = 4.

  • NEW SALE: 26021 Atherton Drive, List Price: $1.445M (original $1.499M), DOM = 15

  • ACTIVE LISTINGS: 80 Homes (NW Carmel = 12, NE Carmel = 10, SW Carmel = 16, SE Carmel = 14, Carmel Point = 13, Hatton Fields = 15), 9 Lots.

Carmel Highlands
  • ACTIVE LISTINGS: 24 Homes (7 Oceanfront), 6 Lots.]24.

Quail / Preserve
  • CLOSED ESCROW: 8081 Lake Place, Sale Price: $1.7M (5% off most recent list price or 13% off original list price), DOM = 84.

  • ACTIVE LISTINGS: Quail Lodge: 5 Homes, 0 Lots.  Quail Meadows: 5 Homes, 1 Lot.  Preserve: 13 Homes, 47 Lots.


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ABOUT

With nearly 30 years of experience in the Pebble Beach and Carmel markets, the Canning team knows the market- both the openly listed and discreetly available inventory, Together with their associates they are uniquely qualified to offer the highest level of professionalism and service on the Monterey Peninsula.

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Mike Canning

831.596.1171

Jessica Canning

831.238.5535

Nic Canning

831.241.4458

Ellen Krausse

831.204.2204

Brian Keck

831.238.8730

Katie Kinsey

831.622.4837

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SIR DRE License Number: 899496, Mike Canning DRE#01004964, Jessica Canning DRE#01920034, Nic Canning DRE#01959355, Ellen Krausse DRE#02046046, and Brian Keck DRE#02070480.