4Q18 Quarterly Update




Below please find a recap of this week’s activity and our year end 4Q18 Quarterly Update. The market had a productive week, reporting 4 closed escrows (2 in Pebble Beach, 2 in Carmel) and 9 new sales (5 in Pebble, 2 in Carmel, 2 in the Highlands). We hope you stayed safe and dry during the storm. We are expecting clearer skies on Saturday, so if you have the chance, check out Palo Corona Regional Park – we are big fans of Fish Ranch and it remains one of our favorite local hiking spots. It’s accessed from the trailhead at Rancho Canada and includes several miles of trails with stunning ocean views clear across the bay. Enjoy your weekend!


Pebble Beach
  • CLOSED ESCROW: 2 Spyglass Woods Drive, Sale Price: $1.159M (7.3% off list price), DOM = 99.

  • CLOSED ESCROW: 4041 Costado Road, Sale Price: $825K (13.2% off original list price or 2.9% off most recent list price), DOM = 373.

  • NEW SALE: 1278 Padre Lane, List Price: $4.695M, DOM = 130.

  • NEW SALE: 3301 17 Mile Drive, #10, List Price: $4.6M, DOM = 228.

  • NEW SALE: 1440 Lisbon Lane, List Price: $1.99M, DOM = 29.

  • NEW SALE: 1095 Laurel Lane, List Price: $1.249M, DOM = 150.

  • NEW SALE: 32 Ocean Pines, #32, List Price: $795K, DOM = 127.

  • ACTIVE LISTINGS: 64 Homes (Country Club West = 13, Country Club East = 7, Central Pebble = 22, the Lodge = 13, Upper Forest = 9), 22 Lots.

Carmel
  • CLOSED ESCROW: Monte Verde 2 NE of Santa Lucia, Sale Price: $1.4M (29% off original list price or 17.6% off most recent list price), DOM = 168.

  • CLOSED ESCROW: Junipero & 5th, SW Corner, Sale Price: $1.15M (4.2% off list price), DOM = 24.

  • NEW SALE: San Antonio 4 SE of 2nd, List Price: $4.95M, DOM = 144.

  • NEW SALE: Guadalupe 4 NE of 4th, List Price: $1.5M, DOM = 42.

  • ACTIVE LISTINGS: 56 Homes (NW Carmel = 2, NE Carmel = 16, Golden Rectangle = 9, SE Carmel = 10, Carmel Point = 11, Hatton Fields = 8), 7 Lots.

Carmel Highlands
  • NEW SALE: 195 San Remo Road, List Price: $3M, DOM = 304.

  • NEW SALE: 30774 San Remo Road, List Price: $1.95M, DOM = 9.

  • ACTIVE LISTINGS: 16 Homes (5 Oceanfront), 6 Lots.

Quail Lodge/ Preserve
  • ACTIVE LISTINGS: Quail Meadows = 1 Home, 0 Lots. Quail Lodge = 2 Homes, 2 Lots. Preserve = 11 Homes, 48 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.