Blue Skies Ahead

Updated: Mar 7, 2019


Photo by Pero Kalimero on Unsplash

After a week of rain, the Peninsula is looking forward to a sunny reprieve this weekend. This week had steady activity across the board with sales in all of regions except Quail Lodge. Carmel kept the crown for another week, edging Pebble for most activity. As always, a few highlights from the week below:


Pebble’s market continued to churn at a modest pace ahead of AT&T week with 1 closed escrow and 4 new sales (all within $1M-$2M range). The lone closed escrow came from the Lodge area – a dated manor style home with Northerly facing views that closed at $2.7M. The top new sale comes from the SW MPCC area – a rustic ranch style home on the interior side of Marcheta Ln with an ask of $1.695M. The other new sales include a 60’s ranch style home in the Country Club East area, offered at $1.299M; a spec-play with golf views on Wildcat Cat Canyon, listed at $1.275M and a fixer just across the street with an ask price of $1M. Worth noting that the $1M-$2M price bracket continues to extend it’s hot-streak into 2018.


Carmel performed similarly to Pebble with 2 closed escrows and 4 new sales. The top closed escrow was a partially updated 1930’s Comstock-style home on a street-to-street lot that sold for $2.335M (6% off of List Price). The other closed escrow was a 90’s cottage in NE Carmel that sold for $1.6M (6% off of List Price). We’re honored to represent the buyers of this week’s top new sale – a tastefully remodeled cottage in the heart of the Golden Rectangle on Casanova with an ask of $2.9M. The other new sales include a recently remodeled Mediterranean style home in Carmel Woods with ocean views, offered at $2.895M; a major fixer in a great location in NW Carmel that’s listed at $1.6M and a teardown in the Eastern part of Carmel Point, listed at $1.2M.


The Highlands awoke this week with 3 new sales. The top new sale comes from Yankee Point Drive’s frontlines – a traditional style home with sweeping ocean views and an ask price of $4.995M. The other new sales include an off-market lot sale on the East side of Highway 1 on San Remo, which boasts expansive ocean views and great potential (we’re honored to represent the buyers on this transaction) and a rustic cottage also East of Highway 1, listed at $1.45M. We’re fortunate to represent the sellers of this property as well.


Hope all have a great weekend, Team CPG



Pebble Beach
  • CLOSED ESCROW – 1284 Portola Rd, $2.7M (10% off of List Price), DOM=415

  • NEW SALE – 1038 Marcheta Ln, $1.695M, DOM=108

  • NEW SALE – 2934 Congress Rd, $1.299M, DOM=118

  • NEW SALE – 1138 Wildcat Canyon, $1.275M, DOM=211

  • NEW SALE – 1145 Wildcat Canyon Rd, $1M, DOM=167

Carmel
  • CLOSED ESCROW – 26339 Valley View Ave, $2.335M (6% off of List Price), DOM=106

  • CLOSED ESCROW – San Carlos 4NW of 3rd, $1.6M (6% off of List Price), DOM=3

  • NEW SALE – Casanova 3NE of 11th, $2.9M, DOM=4

  • NEW SALE – 3311 San Luis Ave, $2.895M, DOM=123

  • NEW SALE – Camino Real 6NE of 4th, $1.6M, DOM=10

  • NEW SALE – 2689 Walker Ave, $1.2M, DOM=Off-Market

Carmel Highlands
  • NEW SALE – 56 Yankee Point Dr, $4.995M, DOM=165

  • NEW SALE – 190 San Remo Rd, $1.5M

  • NEW SALE – 32680 Coast Ridge Dr, $1.45M, DOM=132

Quail Lodge/ Preserve
  • No news to report.





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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

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Katie Kinsey

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