Sunny but cool days in the forecast for Mother’s Day weekend as we approach the mid-way point of the second quarter. A fair amount of noteworthy highlights from the week below, especially from the Pebble area, which has become hot as of late.
Pebble boasted one of the strongest weeks this year with 2 closed escrows and 8 new sales. The top closed escrow came from the MPCC area – a Spanish-style home built in the 90’s on Valdez Rd that closed at $1.81M. The other closed escrow was a major fixer in the Upper Forest which sold for $900K (10% off of List Price). The top new sale is a 1930’s MJ Murphy style home on Riata Rd with filtered ocean views, listed at $4.8M. The other new sales include a highly coveted frontline Spanish Bay condo(#18) that went into escrow listed at $4.25M (DOM=14); a remodeled Mediterranean on the 17th fairway of Spyglass Hill, offered at $3.6M; a Colonial-style home, built in the 90’s on upper Riata Rd with an ask of $2.795M; a newly built Mediterranean-style home in the Upper Forest, listed at $1.95M. The other three new sales ranged from $1.488M down to $1.165M and are all fixers from the Country Club East area.
Carmel’s market held steady from the previous week with 2 closed escrows and 4 new sales. The top closed escrow came from the heart of the Golden Rectangle on Monte Verde – a modestly updated 1930’s bungalow that closed at $1.949M. The other closed escrow came from the outskirts of Carmel Point just above the Mission – a 60’s cottage that closed 3% off of the list price of $1.175M. The top new sale, also from Carmel Point, is a Tescher remodel on an oversized lot (6,000 sqft) with an ask of $2.795M. The other new sales include a recently built cottage close to town in SE Carmel, listed at $1.84M; a partially updated 30’s cottage in the outskirts of NE Carmel, offered at $1.549M and a teardown in the Golden Rectangle with an ask of $1.3M – essentially dirt value.
CLOSED ESCROW – 3044 Valdez Rd, $1.81M (9% off of List Price), DOM=63
CLOSED ESCROW – 4173 Sunridge Rd, $900K, DOM=175
NEW SALE – 1553 Riata Rd, $4.8M, DOM=422
NEW SALE – 18 Spanish Bay, $4.25M, DOM=14
NEW SALE – 1205 Benbow Pl, $3.6M, DOM=238
NEW SALE – 1423 Riata Rd, $2.795M, DOM=32
NEW SALE – 4016 Costado Pl, $1.95M, DOM=169
NEW SALE – 2976 Bird Rock Rd, $1.488M, DOM=114
NEW SALE – 1141 Wildcat Canyon Rd, $1.299M, DOM=6
NEW SALE – 994 Pioneer Rd, $1.165M, DOM=8
ACTIVE LISTINGS= 77 Homes (Country Club West=12, Country Club East=12, Central Pebble=29, Lodge=16, Upper Forest=8), 19 Lots
CLOSED ESCROW – Monte Verde 4SE of 9th, $1.949M, DOM=11
CLOSED ESCROW – 3037 Lasuen Dr, $1.175M ), DOM=52
NEW SALE – 2831 14th Ave, $2.795M, DOM=61
NEW SALE – Torres 9NW of 8th, $1.84M, DOM=21
NEW SALE – 3025 Alta Ave, $1.549M, DOM=60
NEW SALE – Monte Verde 4SW of 9th, $1.3M, DOM=25
ACTIVE LISTINGS= 87 Homes (Carmel Woods=5, NW Carmel=17, NE Carmel=15, Golden Rectangle=16, SE Carmel=14, Carmel Point=13, Hatton Fields=10), 4 Lots
No activity to report.
ACTIVE LISTINGS= 24 Homes (24 in Highlands- 9 oceanfront, 0 in Meadows), 3 Lots
Quail Lodge/ Preserve
No activity to report.
ACTIVE LISTINGS= 7 Homes (2 in Quail Meadows, 5 in Quail Lodge), 2 Lots
5/12: "Monterey Pop" Film Screening at the Golden State Theatre, 6:30pm $16
5/12-5/14: Ferrari Challenge at Laguna Seca, 7:00am $20
5/13: Monterey International Blue's Festival at the Monterey County Fairgrounds, 12:00-6:30pm $25-$75
5/13-5/14: 79 Spanish Bay Open House from 2:00-4:00pm
5/17: The Foodie Edition at the Sunset Center, 6:00-9:30pm $65-$175