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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

Brian Keck

831.238.8730

Katie Kinsey

831.622.4837

© 2020 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 International Realty, Inc.

 

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.

Carmel Bach Festival

Updated: Jul 27, 2019


Photo by Larisa Birta on Unsplash

Since 1935, the Bach Festival has graced Carmel and expanded from 4 days of concerts into what is now a 2 week-long celebration. The Festival strives toward integrating music, education, and ideas in celebration of Bach’s worldwide influence. Join in on the festivities and check out a concert, recital, master class, lecture, or open rehearsal at Sunset Center. For tickets, visit http://bachfestival.org/tickets.  Enjoy a performance, spark the imagination, and have a great weekend! The local real estate market was productive this week, ringing in 9 new sales and 11 closed escrows. Worthy of note, all new sales this week were below the $3M mark as the bottom of the market continues to maintain liquidity. Below please find a recap of our subject regions.


Pebble Beach experienced a busy week and contributed 7 of the 11 total closed escrows. Closings included a new warm contemporary on the approach to the 7th green of Poppy Hills which was on the market for 3 months (sale price: $6M, 14% off list price), the 1920’s-built “2nd Canary Cottage” in the Upper Forest which was on the market for a year (sale price: $5.5M, 7% off list price), a fixer on the “Miracle Mile” of 17 Mile Drive also on the market for a little over a year (sale price: $3.65M, 8% off most recent list price or 13% off original list price), a Country English style home near MPCC with ocean/golf views which sold full price at $3.599M after a week on the market, a circa 1990’s Spanish Mission build in Country Club West (sale price: $2.525M, 3% off list price), a partially updated remodel opportunity in Country Club East (sale price: $1.24M, 4% off most recent list price or 17% off original list price, DOM = 225), and a Ranch style fixer, also in Country Club East, which sold after 2 days on the market for $1M even (an 18% discount off list price).  Pebble had 2 new sales this week: a remodeled Ranch style home in Central Pebble (list price: $2.749M, DOM = 55) and a dated 1970’s contemporary home with a good footprint in Country Club East which was on the market for 2 weeks (list price: $1.275M).


The remaining 4 closings this week all occurred in Carmel: a 90’s-built home near town with ocean views sold for $3.027M (8% off list price) after less than 2 weeks on the market, an almost new “Contemporary meets Comstock” cottage in NE Carmel closed for 3% off list price at $2.03M (DOM = 66), a vintage home in Carmel Point clocked in at $50K over ask ($1.85M) after 4 days on the market, and a partially remodeled 1940’s build on Highway 1 closed for $1.26M (3% off most recent list price or 16% off original list price, DOM = 78). The 6 new sales in the region consisted of a renovated beach house in Carmel Point (list price: $2.79M, DOM = 107), a cozy vintage cottage in NE Carmel on the market for 1 month (list price: $1.799M), an updated traditional turnkey home on Highway 1 (list price: $1.695M, DOM = 37), another cute NE Carmel cottage with guest house (list price: $1.599M; original: $1.995M, DOM = 160), an ocean view condominium unit in NW Carmel which was on the market for 2 months (list price: $1.297M; original: $1.396M), and another condo in NW Carmel, closer to the heart of town, which was on the market for just 3 days with an ask of $985K.


There was a new sale in Carmel Meadows (Highlands sub-area) this week – a 1960’s era Ranch style fixer on Ribera Road went into escrow after 10 days on the market with an ask of $1.325M.


Quail Meadows/Lodge and the Preserve had no activity to report this week.

Pebble Beach
  • CLOSED ESCROW: 22 Poppy Lane, Sale Price: $6M (14% off list price), DOM = 96.

  • CLOSED ESCROW: 4042 Sunridge Road, Sale Price: $5.5M (7% off list price), DOM = 352.

  • CLOSED ESCROW: 3237 17 Mile Drive, Sale Price: $3.65M (8% off most recent list price or 13% off original list price), DOM = 398.

  • CLOSED ESCROW: 1028 Marcheta Lane, Sale Price: $3.599M (full price), DOM = 9

  • CLOSED ESCROW: 2885 Sloat Road, Sale Price: $2.525M (3% off list price), DOM = 108.

  • CLOSED ESCROW: 1171 Chaparral Road, Sale Price: $1.24M (4% off most recent list price or 17% off original list price), DOM = 225.

  • CLOSED ESCROW: 1062 Ortega Road, Sale Price: $1M (18% off list price), DOM = 2.

  • NEW SALE: 4052 Ronda Road, List Price: $2.749, DOM = 55.

  • NEW SALE: 1087 Mariner’s Way, List Price: $1.275M, DOM = 18.

  • ACTIVE LISTINGS: 77 Homes (Country Club West = 19, Country Club East = 6, Central Pebble = 34, Lodge = 9, Upper Forest = 9), 32 Lots.

Carmel
  • CLOSED ESCROW: 8th Avenue, 3 SE of Monte Verde Street, Sale Price: $3.027M (8% off list price), DOM = 12.

  • CLOSED ESCROW: Santa Fe & 2nd Avenue, SW Corner, Sale Price: $2.03M (3% off list price), DOM = 66.

  • CLOSED ESCROW: 26251 Camino Real, Sale Price: $1.9M ($50K over list price), DOM = 4.

  • CLOSED ESCROW: 25068 Highway 1, Sale Price: $1.26M (3% off most recent list price or 16% off original list price), DOM = 78.

  • NEW SALE: 2479 17th Avenue, List Price: $2.795M, DOM = 107.

  • NEW SALE: Forest 2 NW of 7th Street, List Price: $1.799M, DOM = 40.

  • NEW SALE: 25418 Highway 1, List Price: $1.695M, DOM = 37.

  • NEW SALE: Lobos & 3rd Avenue, SE Corner, List Price: $1.599M, DOM = 160.

  • NEW SALE: Mission 2 NW of 4th Street, Unit 2, List Price: $1.297M (original: $1.396M), DOM = 65.

  • NEW SALE: Junipero 3 NW of 5th Avenue, Unit C, List Price: $985K, DOM = 3.

  • ACTIVE LISTINGS: 93 Homes (NW Carmel = 16, NE Carmel = 20, SW Carmel = 13, SE Carmel = 13, Carmel Point = 18, Hatton Fields = 13), 10 Lots.

Carmel Highlands
  • NEW SALE: 3010 Ribera Road, List Price: $1.325M, DOM = 10.

  • ACTIVE LISTINGS: 27 Homes (8 Oceanfront), 6 Lots.

Quail / Preserve
  • ACTIVE LISTINGS: Quail Meadows = 5 Homes, 1 Lot.  Quail Lodge = 6 Homes, 1 Lot.  Preserve = 14 Homes, 47 Lots.


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