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

© 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.

Happy 4th

Updated: Mar 7, 2019


Photo by Stephanie McCabe on Unsplash

We hope everyone had a wonderful 4th of July and hope you enjoy the beautiful weather scheduled for this weekend. As always, an update on the market in each region below.


Pebble Beach had one less sale than last week- finishing the week at 3 new sales and 2 closed escrows. The two closed escrows in Pebble were a completely remodeled home in Country Club West that sold for $1.875M (4% off list price) and a 1929 Spanish style home in Country Club East that closed at $1.411M (3% off list price). The top new sale in Pebble Beach was an estate on the 18thFairway at Pebble Beach Golf Links listed at $22.75M – we are honored to represent the sellers of this estate that boasts lush rose gardens and a swimming pool along 260 feet of the famed 18th hole. The other new sales included an updated home in Country Club East listed at $1.599M and a custom home in Central Pebble Beach listed at $1.049M.


Carmel tapered a little from last week with 5 closed escrows and no new sales. The top closed escrow in Carmel was a newer home in Hatton Fields that closed 7% off list price at $2.3M. We are honored to represent the sellers of 2957 Franciscan Way, a warm Colonial with views of Carmel Mission and Point Lobos, that closed at $2.285M (12% off list price). The other closed escrows included a Tuscan Style cottage in Northwest Carmel that closed at $2M (8% off list price), a home in Southwest Carmel that backs up to Mission Trail Park that closed at $1.9M (3% off list price), and a charming cottage in Northeast Carmel that closed at $1.408M (less that .5% over list price).


For the second week, no new activity to report in the Quail or Highlands market.



Pebble Beach
  • CLOSED ESCROW: 1039 Vaquero Road, Sale Price: $1.875M (4% off list price), DOM=3 – Remodeled home in Country Club West

  • CLOSED ESCROW: 1063 Mission Road, Sale Price: $1.411M (3% off list price), DOM=27

  • NEW SALE: 1552 Cypress Drive, List Price: $22.75M, DOM=529

  • NEW SALE: 1126 Mestres Drive, List Price: $1.599M, DOM=138

  • NEW SALE: 4090 Pine Meadows Way, List Price: $1.049M, DOM=26

  • ACTIVES: 63 Homes (Country Club West = 16, Country Club East = 8, Central Pebble = 18, the Lodge = 11, Upper Forest = 10); 29 Lots.

Carmel
  • CLOSED ESCROW: 26157 Atherton Drive, Sale Price: $2.3M (7% off list price), DOM=77 – Newer home in Hatton Fields with 2 master suites

  • CLOSED ESCROW: 2957 Franciscan Way, Sale Price: $2.285M (12% off list price), DOM=109

  • CLOSED ESCROW: NW Corner of San Carlos & 1st, Sale Price: $2M (8% off list price), DOM=89

  • CLOSED ESCROW: Torres 2NW of 11th, Sale Price: $1.9M (3% off list price), DOM=59

  • CLOSED ESCROW: Lobos 4SE of 2nd Ave, Sale Price: $1.4M (0% off list price), DOM=9

  • ACTIVES: 65 Homes (NW Carmel = 7, NE Carmel = 10, SW Carmel = 10, SE Carmel = 13, Carmel Point = 13, Hatton Fields = 12); 4 Lots.

Carmel Highlands
  • 22 Homes (7 Oceanfront); 4 Lots.

Quail Lodge/ Preserve
  • Quail Lodge = 6 Homes, 0 Lots. Quail Meadows = 4 Homes, 2 Lots. Preserve = 16 Homes, 40 Lots.





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