Election Week

Updated: Mar 7, 2019


Photo by Element5 Digital on Unsplash


Although it was an action-packed election week in town, the market was quiet with 1 closed escrow and 2 new sales in our subject regions, all of which occurred in Pebble Beach. Whether you were out exercising your civic duty, watching the polls at home, or enjoying another beautiful fall sunset, we hope you had a great week. Below please find a few highlights from the week in addition to the current numbers for active inventory in our areas of focus:


The closing this week in Pebble was a 1970’s-built contemporary in the Upper Forest which sold for a 6.2% discount off list price at $1.215M. Worthy of note, this sold for 32% off the original list price of $1.795M and was on the market for approximately 1 year. The new sales consisted of a bank owned dated French-style home with an apartment over the garage (list price: $2.875M, DOM = 10) and a remodeled contemporary home near MPCC on the market for just 1 week (list price: $1.3495M).



Pebble Beach
  • CLOSED ESCROW: 4138 Sunridge Road, Sale Price: $1.215M (% off list price), DOM = 372.

  • NEW SALE: 1427 Lisbon Lane, List Price: $2.875M, DOM = 10.

  • NEW SALE: 3044 Larkin Road, List Price: $1.3495M, DOM = 7.

  • ACTIVE LISTINGS: 72 Homes (Country Club West = 15, Country Club East = 10, Central Pebble = 25, The Lodge = 18, Upper Forest = 14), 27 Lots.

Carmel
  • ACTIVE LISTINGS: 65 Homes (NW Carmel = 7, NE Carmel = 14, SW Carmel = 13, SE Carmel = 5, Carmel Point = 11), 7 Lots.

Carmel Highlands
  • ACTIVE LISTINGS: 22 Homes (5 Oceanfront), 6 Lots.

Quail Lodge/ Preserve
  • ACTIVE LISTINGS: Quail Meadows: 1 Home, 0 Lots. Quail Lodge: 3 Homes, 2 Lots. The Preserve: 14 Homes, 48 Lots.





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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

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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.