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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.

Happy Labor Day Weekend

Updated: Mar 7, 2019


Photo by Brandon Day on Unsplash

After an exciting Car Week on the Monterey Peninsula, we are winding down for a restful Labor Day Weekend. Our subject regions had a productive week with 2 new sales and 8 closed escrows. Canning Properties Group wishes you a happy and safe Labor Day filled with fun, family, and friends. Below please find a recap of our market activity from the week.


Two homes closed in Pebble this week: a custom Contemporary on a little over an acre in the Central Pebble region (sale price: $4M, 4.8% off list price) and a 1920’s-built Mediterranean in Country Club West which sold for 5.8% off list price at $2.35M.


Carmel outpaced the surrounding areas this week with 1 new sale and 4 closed escrows. Canning Properties Group is honored to represent the sellers and buyers of Casanova 2 SW of 13th, a beloved family home located minutes from the beach and town which will continue to be cherished for generations to come. This 1960’s-built fixer-upper sold for 13.5% off list price at $2.25M. The top closed escrow in Carmel this week was a remodeled cottage near downtown which sold for $15K above list price at $2.71M after just 4 days on the market. Other closings included a charming vintage home tucked behind the Carmel Mission (sale price: $2M, 12.9% off list price) and a cottage on the corner of Guadalupe and Ocean Avenue which sold for $1.595M (12.5% off list price). The lone new sale in Carmel this week was a comfortable home with separate guest house on 1/3 acre in Hatton Fields listed for $2.595M (DOM = 88).


Highlands oceanfront activity woke up this week; 156 Hwy 1, nestled in the hillside of Wildcat Cove, went into contract after over a year on the market. Worthy of note this home was originally listed at $8.999M and reduced incrementally to $5.65M.


Two homes sold in Quail this week – a dated 1970’s build with separate guest quarters closing at $1K above ask for $1.596M, and a mid-century modern remodel opportunity at $50K above list price for $975K. Both sales were on Valley Greens Circle and each was on the active market for roughly two weeks.



Pebble Beach
  • CLOSED ESCROW: 3106 Flavin Lane, Sale Price: $4M (4.8% off list price), DOM = 107.

  • CLOSED ESCROW: 2959 Peisano Road, Sale Price: $2.35M (5.8% off list price), DOM = 39.

  • ACTIVE LISTINGS: 80 Homes (Country Club West = 14, Country Club East = 10, Central Pebble = 21, Lodge = 18, Upper Forest = 17), 31 Lots.

Carmel
  • CLOSED ESCROW: Dolores 5 SE of 10th Street, Sale Price: $2.71M ($15K above list price), DOM = 4.

  • CLOSED ESCROW: Casanova 2 SW of 13th, Sale Price: $2.25M (13.5% discount off list price), DOM = 168.

  • CLOSED ESCROW: 26186 Dolores Street, Sale Price: $2M (12.9% discount off list price), DOM = 179.

  • CLOSED ESCROW: Guadalupe & Ocean, SW Corner, Sale Price: $1.595M (12.5% discount off list price), DOM = 106.

  • NEW SALE: 3407 7th Avenue, List Price: $2.595M, DOM = 88.

  • ACTIVE LISTINGS: ACTIVE LISTINGS: 61 Homes (NW Carmel = 8, NE Carmel = 10, SW Carmel = 9, SE Carmel = 6, Carmel Point = 14, Hatton Fields = 14), 7 Lots.

Carmel Highlands
  • NEW SALE: 156 Highway 1, List Price: $5.65M, DOM = 373.

  • ACTIVE LISTINGS: ACTIVE LISTINGS: 21 Homes (6 Oceanfront), 7 Lots.

Quail Lodge/ Preserve
  • CLOSED ESCROW: 7084 Valley Greens Circle, Sale Price: $1.596M ($1K above list price), DOM = 14.

  • CLOSED ESCROW: 7048 Valley Greens Circle, Sale Price: $975K ($50K above list price), DOM = 15.

  • ACTIVE LISTINGS: 7 Homes (Quail Lodge = 4, Quail Meadows = 3), 2 Lots (Quail Lodge = 2, Quail Meadows = 0).





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