Happy Easter from CPG


Photo by Victor Larracuente on Unsplash

We hope you have a fun-filled Easter weekend!  There are dozens of events on the Monterey Peninsula, which will you be attending?  Please visithttps://www.seemonterey.com/events/holiday-events/easter/ for a list of local holiday related festivities.  Whether you’ll be hunting for eggs or indulging in a tasty brunch, we wish you a Happy Easter entailing activities with loved ones and R&R.  We had a productive week in the local real estate market, with Carmel reporting the most activity of our subject regions.  Below please find a recap outlining the week:

Two closings in Pebble this week included a newly constructed contemporary build near the Lodge, which sold at an 11% discount off list price after 3 weeks on the market (sale price: $8.85M), and a Mediterranean build in the Upper Forest which was on the market for less than 3 weeks (sale price: $2.55M, 2% off list price).  There was 1 new sale in Pebble – a centrally located remodeled ranch style home which was on the market for 2 months (list price: $1.45M).


Carmel had a hot streak this week and rang in 4 closed escrows in addition to 10 new sales.  Closings this week consisted of an ocean view Mediterranean near the Carmel Mission which sold for $2.889M (7% off most recent list price or 8% off original list price) after 7 months on the market, a 90’s-built home with guest structure near Mission Trails Park and the Forest Outdoor Theater (sale price: $2.05M, 14% off list price, DOM = 245), a 12-year-old cottage located 4 blocks from the beach in the Golden Rectangle which was on the market for 1 month (sale price: $2.125M, 5% off most recent list price or 7% off original list price), and an oversized updated vintage 2 story cottage which sold for full price ($1.375M) after listed for 1 month.  The 10 new sales this week in the region included: a tastefully updated ocean view home with guest house in Carmel Point (list price: $6.6M, DOM = 151), a renovated ‘80’s contemporary home with views in NW Carmel which was on the market for 5 days (list price: $4.25M), a Tescher designed craftsman in the Golden Rectangle (list price: $2.995M, DOM = 16), a vintage post-adobe in Carmel Point with views of River Beach and the lagoon (list price: $2.995M, DOM = 64), a ranch style home in Hatton Fields sited on a park-like lot which was on the market for just 3 days (list price: $2.75M), a classic board and batten charmer in NW Carmel which was listed for 1 week (list price: $2.395M), a cozy updated vintage 2 bed/2 bath in NE Carmel (list price: $1.595M, DOM = 16), an remodel opportunity with abundant water fixture credits on Highway 1 (list price: $1.299M, DOM = 239), a dated oversized home in NE Carmel (list price: $1.295M, DOM = 47), and a small vintage cottage in NE Carmel in need of TLC (list price: $915K, DOM = 96).


Canning Properties Group is honored to represent the buyers of the lone closing in Quail/the Preserve this week – a stunning custom traditional home on a 3.5 acre oak studded lot in Quail Meadows, which sold for 7% off most recent list price or 14% off original list price at $4.1875M (DOM = 286).


There was no activity to report in the Highlands this week.


Pebble Beach
  • CLOSED ESCROW: 1487 Padre Lane, Sale Price: $8.85M (11% off list price), DOM = 31.

  • CLOSED ESCROW: 4134 Sunridge Road, Sale Price: $2.55M (2% off list price), DOM = 20.

  • NEW SALE:  2862 Congress Road, List Price: $1.45M, DOM = 67.

  • ACTIVE LISTINGS:  65 Homes (Country Club West = 15, Country Club East = 6, Central Pebble = 23, the Lodge = 13, Upper Forest = 8), 32 Lots.

Carmel
  • CLOSED ESCROW: 2996 Franciscan Way, Sale Price: $2.889M (7% off most recent list price or 8% off original list price), DOM = 219.

  • CLOSED ESCROW: Crespi 8 SE of Mountain View Avenue, Sale Price: $2.05M (14% off list price), DOM = 245.

  • CLOSED ESCROW: Casanova 3 SW of 12th, Sale Price: $2.125M (5% off most recent list price or 7% off original list price), DOM = 31.

  • CLOSED ESCROW: Santa Fe 3 NE of Mountain View, Sale Price: $1.375M (full price), DOM = 31.

  • NEW SALE:  2417 Bay View Avenue, List Price: $6.6M, DOM = 151.

  • NEW SALE: Camino Real 2 NW of 4th, List Price: $4.25M, DOM = 5.

  • NEW SALE: Lincoln 4 NE of Santa Lucia, List Price: $2.995M, DOM = 16.

  • NEW SALE: 26351 Camino Real, List Price: $2.995M, DOM = 64.

  • NEW SALE: 25864 Hatton Road, List Price: $2.75M, DOM = 3.

  • NEW SALE: Camino Real 7 SE of 2nd, List Price: $2.395M, DOM = 7.

  • NEW SALE: Carpenter 4 NW of 6th Avenue, List Price: $1.595M, DOM = 16.

  • NEW SALE: 25388 Highway 1, List Price: $1.299M, DOM = 239.

  • NEW SALE: Guadalupe & 2nd, NE Corner, List Price: $1.295M, DOM = 47.

  • NEW SALE: Guadalupe 2 NE of 5th Avenue, List Price: $915K, DOM = 96.

  • ACTIVE LISTINGS:  59 Homes (NW Carmel = 7, NE Carmel = 12, SW Carmel = 14, SE Carmel = 7, Carmel Point = 10, Hatton Fields = 9), 7 Lots.

Carmel Highlands
  • ACTIVE LISTINGS: 19 Homes (8 Oceanfront), 6 Lots.

Quail / Preserve
  • CLOSED ESCROW: 5482 Quail Meadows Drive, Sale Price: $4.1875M (7% off most recent list price or 14% off original list price), DOM = 286.

  • ACTIVE LISTINGS: Quail Lodge = 5 Homes, 0 Lots.  Quail Meadows = 2 Homes, 1 Lot.  Preserve = 13 Homes, 45 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

© 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.