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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.

Gearing Up for Car Week

Updated: Mar 7, 2019


Photo by Clem Onojeghuo on Unsplash

The Monterey Peninsula is warming up for the 68th Annual Concours d’Elegance, entailing an action-packed week filled with events for car enthusiasts. With 3 closed sales in Carmel and 4 in Pebble in addition to 10 new escrows in our subject regions, the market continues to maintain a steady summertime pace. If you’re in the area for Car Week, watch the sun set on Carmel Beach from our Open House on Saturday, 8/18 from 4-7PM at 26317 Scenic Road.


Pebble kept the momentum with four closed escrows and 2 new sales this week. Closings included a single level home with detached guest cottage just off Forest Lodge Road (sale price $1.635M; 2.5% off list price), a dated 2 story home near MPCC selling at 9.4% off list price for $1.2M, a custom 70’s build in the Upper Forest (sale price $1.02M; 2.8% off list price), and a traditional style fixer-upper on the market for just 2 days which sold for $865K (2.3% off list price). The 2 new sales included a remodeled 1970’s-built home in Country Club West listed for $1.515M and a dated family estate on the 8th Fairway of the MPCC Dunes course ($1.165M ask price).


The top closed escrow in Carmel was a tastefully remodeled beach house with clean lines on coveted Scenic Road, which sold for $250K above list price at $7.75M after 11 days on the market. The other 2 closings were a 1950’s era updated Tescher-built home in Carmel Point on the market for 2 weeks (sale price $3.245M; 1.5% off list price) and a vintage remodel opportunity on Highway 1 north of Carmel High School which sold for 4.7% above ask price at $937.5K (DOM = 5). 3 new sales in the region consisted of a partially updated 1930’s-built cottage with filtered ocean views (list price $2.495M; DOM = 12), a rustic modern home in north east Carmel listed for $1.349M, and a cottage near downtown on the market for just 4 days with an ask price of $1.195M.


The Highlands heated up this week with 4 new sales after an otherwise quiet start to the 3rd quarter. These new sales included a 90’s built custom Mediterranean home with elevated ocean views on approximately 1 acre listed for $3.499M, a rustic cabin directly across from Point Lobos State Reserve ($1.595M list price), a remodeled contemporary home with filtered ocean views just off Yankee Point Drive on the market for approximately 8 months ($1.449M list price), and a secluded cottage-style teardown originally built in the 30’s on the East side of Highway 1 with a list price of $895K.


There was no activity to note in Quail or The Preserve this week.



Pebble Beach
  • CLOSED ESCROW: 2830 Raccoon Trail, Sale Price: $1.635M (2.5% above list price), DOM = 8.

  • CLOSED ESCROW: 2908 Oak Knoll Road, Sale Price: $1.2M (9.4% off list price), DOM = 93.

  • CLOSED ESCROW: 4090 Pine Meadows Way, Sale Price: $1.02M (2.8% off list price), DOM = 26.

  • CLOSED ESCROW: 3044 Larkin Road, Sale Price: $865K (2.3% off list price), DOM = 2.

  • NEW SALE: 1114 Circle Road, List Price: $1.515M, DOM = 138.

  • NEW SALE: 1047 Mission Road, List Price: $1.165M, DOM = 66.

  • ACTIVE LISTINGS: 77 Homes (Country Club West = 14, Country Club East = 11, Central Pebble = 21, Lodge = 17, Upper Forest = 14), 29 Lots.

Carmel
  • CLOSED ESCROW: Scenic 5 SW of 9th, Sale Price: $7.75M (3.3% above list price), DOM = 11.

  • CLOSED ESCROW: 2831 14th Avenue, Sale Price: $3.245M (1.5% off list price), DOM = 14.

  • CLOSED ESCROW: 25068 Hwy 1, Sale Price: $937.5K (4.7% above list price), DOM = 5.

  • NEW SALE: Carmelo & 12th, NW Corner, List Price: $2.495M, DOM = 12.

  • NEW SALE: 3083 Lorca Lane, List Price: $1.349M, DOM = 73.

  • NEW SALE: Junipero 3 SW of 8th, List Price: $1.195M, DOM = 4.

  • ACTIVE LISTINGS: 59 Homes (NW Carmel = 8, NE Carmel = 11, SW Carmel = 10, SE Carmel = 5, Carmel Point = 12, Hatton Fields = 13), 7 Lots.

Carmel Highlands
  • NEW SALE: 195 San Remo Road, List Price: $3.499M, DOM = 163.

  • NEW SALE: 250 Hwy 1, List Price: $1.595M, DOM = 127.

  • NEW SALE: 122 Carmel Riviera Drive, List Price: $1.449M, DOM = 251.

  • NEW SALE: 74 Spruce Way, List Price: $895K, DOM = 47.

  • ACTIVE LISTINGS: 23 Homes (7 Oceanfront), 4 Lots.

Quail Lodge/ Preserve
  • No activity to report.

  • ACTIVE LISTINGS: 20 Homes (Quail Meadows = 3, Quail Lodge = 5, Preserve = 12); 42 Lots (Quail Meadows = 0, Quail Lodge = 2, Preserve = 40).





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