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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

Natalie Pitschke

831.521.7363

Brian Keck

831.238.8730

© 2019 Canning Properties Group of Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s Intentional Realty, Inc.

 

SIR DRE License Number: 899496, Mike Canning DRE#01004964, Jessica Canning DRE#01920034, Nic Canning DRE#01959355, Ellen Krausse DRE#02046046, Natalie Pitschke DRE# 02041776, and Brian Keck DRE#02070480.

61st Annual Jazz Festival

Updated: Mar 7, 2019


Photo by Jens Thekkeveettil on Unsplash


The longest continually running annual jazz-related event worldwide, the Monterey Jazz Festival anticipates drawing a crowd of nearly 40K participants this year. A 3-night celebration featuring over 500 artists on 8 stages, this year’s festivities are sure to be spectacular. If you aren’t listening to Jazz under a star-filled sky, we hope you have an opportunity to enjoy a stunning Indian Summer sunset this weekend. Below please find a recap of our subject regions:


Pebble Beach saw 3 closed escrows and 3 new sales this week with activity across the board in all price brackets. The top of the market had a closing – Canary Cottage, a 2.2-acre oceanfront compound next door to the Lodge, sold for 12.5% off list price at $28M after being on the market for 3 weeks. Canning Properties Group had the honor of representing the buyer of an off-market sale in Pebble; an elegant Contemporary home with tree-lined views backing Spyglass Hill (sale price: $2.7M). The other closed escrow was a Contemporary new build with ocean views in a forest-like setting which sold for $9.45M (3.6% off list price, DOM = 15). New sales in Pebble consisted of a newly constructed and architecturally unique home with ocean views (list price: $7.95M, DOM = 17), a 70’s-built remodel in Country Club West (list price: $1.515M, DOM = 150), and a partially renovated dated Ranch-style home near MPCC on the market for less than 2 weeks (list price: $1.289M).


The market in Carmel also maintained a steady pace this week, reporting 3 closed escrows and 4 new sales. Closings included a restored vintage cottage with guest house 1 block from town on the market for a couple of weeks (sale price: $2.225M, 3.2% off list price), a single-level beach house in Carmel Point which sold for 4.4% off list price at $2.1968M (DOM = 59), and a bohemian cabin on an oversized tree-studded lot for $1.3M (3.63% off list price, DOM = 73). This week a remodeled vintage Mediterranean with guest house 2 blocks from the beach on a 10K sq. ft. lot went into escrow after 2 days on the market (list price: $6.795M). New sales also consisted of a cozy newly constructed cottage listed for $3.1M on the market for just over a week, an English-style home with a list price of $2.595M which went into contract roughly 2 weeks after coming back on the market, and a remodel in Southeast Carmel backing Mission Trail Park near Hwy 1 (list price: $1.995M, DOM = 180).


Canning Properties Group sends best wishes to our clients who purchased the closed escrow in Quail Lodge this week! 7056 Valley Greens Circle is a classic single-level remodeled home with views of the 3rd green which sold for $1.8M; a 7.7% discount off list price (DOM = 33). There were no other closings or new sales to report in Quail or the Preserve this week.


The Highlands rang in 1 closing and 1 new sale: after 8 months on the market, a remodeled Contemporary with filtered ocean views off Yankee Point sold for 4.3% off list price at roughly $1.386M and a dated fixer-upper opportunity on Ribera Road backing the greenbelt and the Carmel River went into contract less than 1 week after it was listed (list price: $1.595M).



Pebble Beach
  • CLOSED ESCROW: 1498 Cypress Drive, Sale Price: $28M (12.5% off list price), DOM = 21.

  • CLOSED ESCROW: 3173 Del Ciervo Road, Sale Price: $9.45M (3.6% off list price), DOM = 15.

  • CLOSED ESCROW: 1221 Bristol Lane, Sale Price: $2.7M (list price unknown), DOM = off market.

  • NEW SALE: 3187 Cortez Road, List Price: $7.95M, DOM = 17.

  • NEW SALE: 1114 Circle Road, List Price: $1.515M, DOM = 150.

  • NEW SALE: 1146 Mestres Drive, List Price: $1.289M, DOM = 11.

  • ACTIVE LISTINGS: 89 Homes, (Country Club West = 14, Country Club East = 11, Central Pebble = 24, Lodge = 19, Upper Forest = 21), 28 Lots.

Carmel
  • CLOSED ESCROW: 8th 2 NE of Junipero Avenue, Sale Price: $2.225M (3.2% off list price), DOM = 18.

  • CLOSED ESCROW: 2631 Walker Avenue, Sale Price: $2.1968M (4.4% off list price), DOM = 59.

  • CLOSED ESCROW: 3083 Lorca Lane, Sale Price: $1.3M (3.6% off list price), DOM = 73.

  • NEW SALE: Carmelo Street, 2 NW of 10th, List Price: $6.795M, DOM = 2.

  • NEW SALE: Dolores 2 SE of 11th Avenue, List Price: $3.1M, DOM = 10.

  • NEW SALE: Monte Verde 6 SW of 13th Avenue, List Price: $2.595M, DOM = 17.

  • NEW SALE: 3410 7th Avenue, List Price: $1.995M, DOM = 180.

  • ACTIVE LISTINGS: 61 Homes (NW Carmel = 9, NE Carmel = 10, SW Carmel = 11, SE Carmel = 6, Carmel Point = 12, Hatton Fields = 13), 7 Lots.

Carmel Highlands
  • CLOSED ESCROW: 122 Carmel Riviera Drive, Sale Price: $1.386M (4.3% off list price), DOM = 251.

  • NEW SALE: 2785 Ribera Road, List Price: $1.595M, DOM = 5.

  • ACTIVE LISTINGS: 22 Homes (6 Oceanfront), 7 Lots.

Quail Lodge/ Preserve
  • CLOSED ESCROW: 7056 Valley Greens Circle, Sale Price: $1.8M (7.7% off list price), DOM = 33.

  • ACTIVE LISTINGS: Quail Lodge: 5 Homes, 2 Lots. Quail Meadows: 3 Homes, 0 Lots. Preserve: 12 Homes, 37 Lots.






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