Back to School


Photo by Kimberly Farmer on Unsplash

Sharpen your pencils and get those backpacks and lunches packed. Summer break is over and it’s time to get back into the swing of things – are you ready for the school year? Homework and after school activities here we come! The local real estate market wound down just a tad as the focus shifted to adjusting to school schedules. We reported 6 new sales and 9 closed escrows in our subject regions this week. We hope the school year is off to a great start for you and your families, and may it be filled with growth and plenty of fun. Below please find a recap of our activity this week.

Pebble carried the lead this week, reporting 4 of the total closings: a Mediterranean with views of the 9th Fairway of MPCC sold for $2.65M (7% off most recent list price or 12% off original price) after 3 months on the market, a renovated 1920’s-built Spanish estate in Country Club West sold for 3% off list price at $2.3M (DOM = 29), a cozy remodeled Ranch style home (also near MPCC) sold for $1.665M (less than 1% off list price) after 3 weeks on the market, and an updated vintage single level home in quiet Country Club East clocked in full price at $1.549M after just 1 day on the market. New sales this week were evenly split between Pebble and Carmel: the 3 listings now under contract are a renovated 70’s-built Contemporary on a lush acre-plus lot in Central Pebble (list price: $2.25M, DOM = 133), a completely remodeled home of a similar era in Country Club West (list price: $1.875M, DOM = 210), and a dated Post Adobe with views across the 8th Fairway of MPCC’s Dunes Course and bonus water allocation which is listed for $1.188M (DOM = 18).


Canning Properties Group was honored to represent the buyers of the top sale in Carmel this week: a charming light-filled Modern cottage on a quiet secret street in the Golden Rectangle (sale price: $2.4M, 4% off most recent list price or 15% off original list price, DOM = 145. The other 2 closings in Carmel were a Mid-Century Modern with guest house in Carmel Point which sold for $1.875M (3% off list price) after 3 months on the market and a cozy dated as-is cottage on the East edge of the Golden Rectangle closed for $850K (15% off most recent list price or 17% off original list price; DOM = 43). The new sales in Carmel this week consisted of a charming updated 90’s-built cottage in NW Carmel on the market for approximately 3 weeks (list price: $2.295M), a dated home with separate guest studio on a large in the Golden Rectangle (list price: $2.175M, DOM = 34), and a beloved family cottage in NW Carmel ready for it’s next remodel (list price: $1.895M, DOM = 65).


The Highlands had a closing this week – a 90’s-built ocean view Contemporary perched on over an acre atop San Remo Road rang in at $1.8175M, a 19% discount off list price, after 2 months on the market. There were no new sales to report in the Highlands.


There was 1 closing in Quail Lodge to note: a green-designed condominium unit on Valley Greens Drive sold for $950K, a 5% discount off list price (or 8% off original list price) after a couple of months on the market. There were no new sales in Quail or the Preserve this week.

Pebble Beach
  • CLOSED ESCROW: 2939 Old 17 Mile Drive, Sale Price: $2.65M (7% off most recent list price or 12% off original price), DOM = 94.

  • CLOSED ESCROW: 3080 Stevenson Drive, Sale Price: $2.3M (3% off list price), DOM = 29.

  • CLOSED ESCROW: 3018 Stevenson Drive, Sale Price: $1.665M (less than 1% off list price), DOM = 25.

  • CLOSED ESCROW: 1114 Mestres Drive, Sale Price: $1.549M (full price), DOM = 1.

  • NEW SALE: 1642 Sonado Road, List Price: $2.25M, DOM = 133.

  • NEW SALE: 2908 Oak Knoll Road, List Price: $1.875M, DOM = 210.

  • NEW SALE: 1054 Mission Road, List Price: $1.188M, DOM = 18.

  • ACTIVE LISTINGS: 84 Homes (Country Club West = 21, Country Club East = 6, Central Pebble = 35, Lodge = 11, Upper Forest = 11), 32 Lots.

Carmel
  • CLOSED ESCROW: Casanova & Fraser Way, NW Corner, Sale Price: $2.4M (4% off most recent list price or 15% off original list price), DOM = 145.

  • CLOSED ESCROW: 2696 Santa Lucia Avenue, Sale Price: $1.875M (3% off list price), DOM = 95.

  • CLOSED ESCROW: Mission 3 NW of Vista, Sale Price: $850K (15% off most recent list price or 17% off original list price), DOM = 43.

  • NEW SALE: Lopez 11 NW of 4th Avenue, List Price: $2.295M, DOM = 23.

  • NEW SALE: Lincoln 5 SW of 10th Avenue, List Price: $2.175M, DOM = 34.

  • NEW SALE: Dolores 2 NW of 4th, List Price: $1.895M, DOM = 65.

  • ACTIVE LISTINGS: 95 Homes (NW Carmel = 17, NE Carmel = 24, SW Carmel = 13, SE Carmel = 14, Carmel Point = 17, Hatton Fields = 10), 9 Lots.

Carmel Highlands
  • CLOSED ESCROW: 193 San Remo Road, Sale Price: $1.8175M (19% off list price), DOM = 63.

  • ACTIVE LISTINGS: 27 Homes (9 Oceanfront), 6 Lots.

Quail / Preserve
  • CLOSED ESCROW: 7020 Valley Greens Circle #1, Sale Price: $950K (5% off most recent list price or 8% off original list price), DOM = 70.

  • ACTIVE LISTINGS: 3 Homes, 1 Lot. Quail Meadows = 6 Homes, 1 Lot. Preserve = 15 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.