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.

Holiday Reprieve

Updated: Mar 7, 2019


Photo by Jez Timms on Unsplash

What is your favorite holiday tradition this season?  In Scandinavian cultures, families take a break between Christmas and New Year’s Day to regroup, relax, and reset in preparation for the upcoming year.  This week is the ideal time to cozy up in front of the fire and enjoy views of the roaring winter tides, visit your favorite café in Carmel by the Sea for some yummy hot chocolate or local coffee, or to spend time catching up with friends and loved ones while they are back in town for the holidays.  We are looking forward to another year filled with more great memories and special traditions!  Cheers and all the best from the CPG team. 


It was a quiet week in our local market as there was just 1 new sale (in Pebble Beach) but Santa kept busy with 6 closings (4 in Carmel, 1 in Carmel Highlands, and 1 in Pebble).


Pebble was quiet but still saw movement: the lone closing this week was an 80’s-built English Tudor style fixer which previously fell out of escrow earlier this year (sale price: $1.325M, 11.6% off list price, DOM = 66).  A recently rebuilt Modern estate with views of Point Lobos, Stillwater Cove, and Pebble Beach Golf Links went into contract at a list price of $7.95M after just shy of 100 days on the market.


Carmel had a productive week – closings consisted of a tastefully remodeled cottage near town which sold off market for $3M (6.3% off list price), a sizeable family home on ¾ acre in Hatton Fields (sale price: $2.55M, 4.7% off list price, DOM = 202), a whimsical cottage in Northeast Carmel which was on the market for just 2 weeks (sale price: $1.34M, 7.6% off list price), and a partially updated 50’s build in Hatton Fields on the market for only 1 week (sale price: $1.2M, 6.2% off list price).


Although there were no new sales in the Highlands, a Mid-Century Modern oceanfront home on Yankee Point closed for 4.7% off list price at $5.05M after just 1 week on the market. 


There was no activity to report in Quail or the Preserve this week.



Pebble Beach
  • CLOSED ESCROW:  2925 Madrone Lane, Sale Price: $1.325M (11.6% off original list price), DOM = 66.

  • NEW SALE:  DOM = 3187 Cortez Road, List Price: $7.95M (original list price), DOM = 93.

  • ACTIVE LISTINGS: 65 Homes (Country Club West = 13, Country Club East = 9, Central Pebble = 25, Lodge = 16, Upper Forest = 11) 27 Lots.

Carmel
  • CLOSED ESCROW:  25950 Junipero Avenue, Sale Price: $3M (6.3% off original list price), DOM = 0 (off market).

  • CLOSED ESCROW: 25745 Hatton Road, Sale Price: $2.55M, (4.7% off most recent list price or 19.7% off original list price), DOM = 202.

  • CLOSED ESCROW: Perry Newberry between 4th & 5th, Sale Price: $1.34M (7.6% off original list price), DOM = 17.

  • CLOSED ESCROW: 3521 Trevis Way, Sale Price: $1.2M (6.2% off original list price), DOM = 8.

  • ACTIVE LISTINGS:  63 Homes (NW Carmel = 7, NE Carmel = 20, Golden Rectangle = 12, SE Carmel = 7, Hatton Fields = 10, Carmel Point = 7), 7 Lots.

Carmel Highlands
  • CLOSED ESCROW: 44 Yankee Point, Sale Price: $5.05M (4.7% off original list price), DOM = 8.

  • ACTIVE LISTINGS: 17 Homes (4 Oceanfront), 8 Lots.

Quail Lodge/ Preserve
  • ACTIVE LISTINGS: Quail Lodge = 1 Home, 2 Lots.  Quail Meadows = 1 Home, 0 Lots.  Preserve = 12 Homes, 51 Lots.




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