This weekend we celebrate “En plein air”, or the art of painting outdoors at the 26th annual Carmel Art Festival. The 3-day event showcases 60 artists specifically chosen for the festival including a “Sculpture in the Park” exhibit featuring several of Carmel’s local galleries. Head over for a stroll in Devendorf Park to enjoy live music and art in a setting sure to invoke the creative mindset. Admittance is free. We hope you enjoy your weekend in Carmel; as always an update from this week’s real estate market below:
Pebble Beach had a quiet week, reporting no closed escrows and 1 new sale – a newly constructed warm Contemporary sited on the 7th green of Poppy Hills, which was on the market for 3 months (list price: $6.995M).
Carmel continues to be on a hot streak with another productive week ringing in 7 closings and 1 new sale. The top closed escrow was a Contemporary ocean view home in Carmel Point which sold for 9% off the most recent list price (or a 15% discount off the original list price) after almost a year on the market. Canning Properties Group is honored to represent the buyer of a sophisticated Modern rebuild just a few blocks from Carmel Beach, which went into escrow within just a few days of hitting the market and closed for 1% off list price at $4.195M. The remaining 5 closings this week in the region were: a recently built Mediterranean inspired cottage in the Golden Rectangle after 3 months on the market (sale price: $2.9M, 3% off list price), an updated Contemporary style 60’s build located off the beaten path (sale price: $2.225M, 3% off list price, DOM = 74), a remodeled vintage Modern farmhouse on an oversized lot in NE Carmel (sale price: $2.07M, 1% off most recent list price or 8% off original list price, DOM = 77), a renovated 1930’s built cottage on a quiet cul-de-sac in SE Carmel (sale price: $1.8425M, 1% off most recent list price or 7% off original list price, DOM = 18), and a remodel opportunity in NE Carmel which went into contract after 6 weeks on the market ($1.15M, 1% off most recent list price or 7% off original list price). The lone new sale this week in Carmel was a vintage post adobe overlooking the Carmel River Lagoon in Carmel Point which previously fell out of escrow (list price: $2.995M, DOM = 77).
There was 1 new sale in the Highlands this week – a recently built traditional ocean view home perched atop San Remo Road which went into contract after coming on and off the market over the past 2 years (list price: $2.795M).
NEW SALE: 22 Poppy Lane, Sale Price: $6.995M, DOM = 96.
ACTIVE LISTINGS: 73 Homes (Country Club West = 18, Country Club East = 7, Central Pebble = 26, Lodge = 13, Upper Forest = 9), 31 Lots.
CLOSED ESCROW: 26314 Ocean View Avenue, Sale Price: $6.4M (9% off most recent list price or 15% off original list price), DOM = 289.
CLOSED ESCROW: Camino Real 2 NW of 4th, Sale Price: $4.195M (1% off list price), DOM = 5.
CLOSED ESCROW: Casanova & 10th, SW Corner, Sale Price: $2.9M (3% off list price), DOM = 93.
CLOSED ESCROW: 27030 Meadow Way, Sale Price: $2.225M (3% off list price), DOM = 74.
CLOSED ESCROW: 24777 Guadalupe Street, Sale Price: $2.07M (1% off most recent list price or 8% off original list price), DOM = 77.
CLOSED ESCROW: 9th 2 SW of Torres, Sale Price: $1.8425M (1% off most recent list price or 7% off original list price), DOM = 18.
CLOSED ESCROW: Guadalupe & 2nd, NE Corner, Sale Price: $1.15M (11% off most recent list price or 18% off original list price), DOM = 47.
NEW SALE: 26351 Camino Real, List Price: $2.995M, DOM = 77.
ACTIVE LISTINGS: 62 Homes (NW Carmel = 5, NE Carmel = 9, SW Carmel = 13, SE Carmel = 14, Carmel Point = 11, Hatton Fields = 10), 9 Lots.
NEW SALE: 153 San Remo Road, List Price: $2.795M, DOM = 233.
ACTIVE LISTINGS: 17 Homes (6 Oceanfront), 5 Lots.
Quail / Preserve
ACTIVE LISTINGS: Quail Meadows = 3 Homes, 1 Lot. Quail Lodge = 3 Homes, 0 Lots. Preserve = 13 Homes, 40 Lots.