Celebrate with Pride

Updated: Mar 7, 2019


Photo by Peter Hershey on Unsplash

We hope this week brought a strengthened sense of community by celebrating equality, diversity, and inclusion. CPG sends wishes for a Happy Pride Week across the globe. As always, an update on recent market activity in our regions:


With four new sales and two closings, Pebble Beach experienced a strong week including a historically significant uptick in activity at the top of the market. Canary Cottage went into escrow – located next door to the Lodge, the estate consists of 2.2 acres and has unobstructed views spanning Stillwater Cove, Carmel Bay, and Point Lobos (DOM = 21, list price = $32M). Other new sales this week in Pebble included a landmark Mid-Century Modern home with expansive elevated views on 17 Mile Drive (DOM = 150, list price = $8.6M), a Craftsman-style fixer on the market for approximately three months (list price = $2.895M), and a remodeled Traditional home on 1.6 acres near the Lodge (DOM = 98, list price = $3.95M). Closings in the region included a dated home in the Estates area selling for $1.92M after a year on the market (9% discount off list price) and a remodeled Ranch style 1970’s build in Country Club West (DOM = 244, sale price = $1.45M – a 3% reduction from asking price).


Carmel maintained a steady pace with two new sales and four closings this week. The top new sale in Carmel this week was a 1930’s-built historic Comstock home on Carmel Point listed for $5.75M (DOM = 18). There was one other new sale in the region – a dated custom home in the rectangle on the market for approximately 3 months with an ask of $2.299M. Carmel’s closed escrows included a recently built custom Craftsman home in Carmel by-the-Sea selling for 10% off list price (DOM = 126, sale price = $2.299M), an English cottage on Carmelo on the market for just 8 days (sold at $3.3M; a 1.5% discount from asking price), a bungalow on San Antonio with peeks of the ocean on the market for one week (selling for 8% off list price at $2.5M), and a fixer on an oversized lot on Santa Lucia Avenue selling for 4% over ask price (DOM = 17, sale price = $1.505M).


There was no new activity to report in the Quail or Highlands regions this week.



Pebble Beach
  • CLOSED ESCROW: 3146 Fergusson Lane, Sale Price: $1.92M (9% off list price), DOM = 382.

  • CLOSED ESCROW: 3109 Hermitage Road, Sale Price: $1.45M (3% off list price), DOM = 244.

  • NEW SALE: 1498 Cypress Drive, List Price: $42M, DOM = 21.

  • NEW SALE: 3325 17 Mile Drive, List Price: $8.6M, DOM = 150.

  • NEW SALE: 3120 Flavin Lane, List Price: $2.895M, DOM = 93.

  • NEW SALE: 1567 Griffin Road, List Price: $3.95M, DOM = 98.

  • ACTIVE LISTINGS: 65 Homes (Country Club West = 16, Country Club East = 8, Central Pebble = 18, Lodge = 12, Upper Forest = 11), 28 Lots.

Carmel
  • CLOSED ESCROW: Torres 3 NW of 8th Avenue, Sale Price: $3.6M (10% off list price), DOM = 126.

  • CLOSED ESCROW: Carmelo 2 SE of 13th Avenue, Sale Price: $3.3M (1.5% off list price), DOM = 8.

  • CLOSED ESCROW: 2405 San Antonio Avenue, Sale Price: $2.5M (8% off list price), DOM = 7.

  • CLOSED ESCROW: 2922 Santa Lucia Avenue, Sale Price: $1.505M (4% above list price), DOM = 17.

  • NEW SALE: 26350 Ocean View Avenue, List Price: $5.75M, DOM = 18.

  • NEW SALE: Camino Real 2 NW of 4th Avenue, List Price: $2.299M, DOM = 82.

  • ACTIVE LISTINGS: 66 Homes (NW Carmel = 7, NE Carmel = 10, SW Carmel = 10, SE Carmel = 13, Carmel Point = 13, Hatton Fields = 13), 5 Lots.

Carmel Highlands
  • ACTIVE LISTINGS: 24 Homes (7 Oceanfront), 5 Lots.

Quail Lodge/ Preserve
  • ACTIVE LISTINGS IN QUAIL: Quail Lodge: 2 Homes & 0 Lots, Quail Meadows: 6 Homes & 0 Lots.

  • ACTIVE LISTINGS IN THE PRESERVE: 15 Homes, 41 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.