3Q19 Market Update



Below please find a recap of this week’s activity in addition to our 3Q19 Quarterly Update.  The market slowed a bit this week, reporting 4 closed escrows and 7 new sales in our subject regions.  The majority of new sales were in the $1-3M range and there was activity across the board with demand spread across all regions. 


Link to Full 3Q19 Market Report

Pebble Beach
  • CLOSED ESCROW: 1642 Sonado Road, Sale Price: $2.1M (7% off most recent list price or 19% off original list price), DOM = 133.

  • NEW SALE: 1060 Rodeo Road, List Price: $2.725M (original: $2.879M), DOM = 251.

  • NEW SALE: 3113 Stevenson Drive, List Price: $1.295M (original: $1.395M), DOM = 129.

  • NEW SALE: 48 Shepherd’s Knoll, List Price: $649K, DOM = 33.

  • ACTIVE LISTINGS: 85 Homes (Country Club West = 18, Country Club East = 9, Central Pebble = 33, Lodge = 13, Upper Forest = 12), 30 Lots.

Carmel
  • CLOSED ESCROW: 26351 Camino Real, Sale Price: $2.695M (2% off most recent list price or 10% off original list price), DOM = 172.

  • CLOSED ESCROW: Junipero 4 NW of 10th, Sale Price: $951K (9% off most recent list price or 31% off original list price), DOM = 129.

  • NEW SALE: 26277 Isabella Avenue, List Price: $2.195M (original: $2.595M), DOM = 132.

  • NEW SALE: 9th Avenue 2 NE of Lincoln, List Price: $1.625M, DOM = 11.

  • ACTIVE LISTINGS: 81 Homes (NW Carmel = 15, NE Carmel = 18, SW Carmel = 11, SE Carmel = 12, Carmel Point = 15, Hatton Fields = 10), 8 Lots.

Carmel Highlands
  • NEW SALE: 120 Fern Canyon Road, List Price: $1.998M (original: $2.31M), DOM = 583.

  • ACTIVE LISTINGS: 30 Homes (9 oceanfront), 5 Lots.

Quail / Preserve
  • CLOSED ESCROW: 7074 Valley Greens Circle, Sale Price: $1.45M (8% off most recent list price or 17% off original list price), DOM = 112.

  • NEW SALE: 24 Potrero Trail, List Price: $4.475M (original: $6.2M), DOM = 598.

  • ACTIVE LISTINGS: Quail Meadows = 5 Homes, 1 Lot. Quail Lodge = 4 Homes, 1 Lot. Preserve = 13 Homes, 55 Lots.


#CanningProperties #WeeklyBlog #SothebysInternationalRealty #GetSmart

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.

  • Facebook - White Circle
  • Twitter - White Circle
  • LinkedIn - White Circle
  • Instagram - White Circle
QUARTERLY UPDATES
CONTACT

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

Dave Reese

831.272.2172

© 2021 Sotheby’s International Realty. All Rights Reserved. The Sotheby’s International Realty trademark is licensed and used with permission. Each Sotheby’s International  Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. The Sotheby’s International Realty network fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. This web site is not the official web site of Sotheby’s International Realty. Sotheby’s International Realty does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this web site. Real estate agents affiliated with Sotheby’s International Realty are independent contractors and are not employees of Sotheby’s International Realty. 

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, Dave Reese DRE#02121762.