Love Wine?

Updated: Mar 7, 2019



With the 41st Annual Monterey Wine Festival pouring through town this weekend, there should be plenty to ‘wine’ about as festival-goers bask in all things grape. The local market kept a steady pace for the third week in a row, bolstered by an uptick in new sales in the prime parts of Carmel and Pebble. As always, a few highlights from the week worth noting below:


Although quiet on the closed escrows (1) front, activity in Pebble rose from last week propelled by 7 new sales. The lone closed escrow came from the Central Pebble area – a Colonial-ranch style home on the ideally located Riata Rd that closed at $2.65M (5% off of List Price). The top new sale is a traditional-turned-contemporary style home (remodeled in ’00) on MPCC’s frontlines with expansive ocean views and an ask of $6.9M. The other new sales include Spanish Bay’s unit #18, which went back into escrow this week, listed at $4.25M; a Mediterranean-style home with peaks of the ocean on the coveted Sand Dunes Rd in the MPCC area, offered at $3.25M; a traditional-style fixer in the heart of the MPCC area with good potential and an ask of $1.575M (only 2 days on market); a cosmetically remodeled ranch-style home in the Country Club East area with an ask of $1.295M; a 60’s ranch fixer (completely original) with greenbelt views and a list price of $1.275M and a midcentury-modern home in the Upper Forest that’s listed at $1.195M.


Carmel’s market rose again this week with another respectable performance – 5 closed escrows and 6 new sales. The top closed escrow came from the heart of the Golden Rectangle on Casanova Ave – a single-level cottage (built in ’07) just South of Ocean Ave that closed 1% over the list price of $2.288M. The other closed escrows included an 80’s ranch style home in SE Carmel that sold for $1.35M (3% off of List Price); a small (1,300 sqft) 50’s ranch style home on 2nd Ave in NE Carmel that closed at $1.195M (2% off of List Price); another small house (1,295 sqft) in SE Carmel that closed at $1.195M and a 20’s Comstock build in NW Carmel that sold for $1M (9% off of List Price). The top new sale is a fully renovated post adobe style home in lower Hatton Fields that’s offered at $1.95M (11 days on market). The other new sales include a charming little cottage on the outskirts of NE Carmel with an ask of $1.395M; a ranch-style home with views of Fish Ranch in lower Hatton Fields that’s listed at $1.32M; another ranch style fixer in Hatton Fields on Oak Place with an ask of $1.295M; a modestly updated 50’s cottage in NE Carmel with an ask of $1.276M; another 50’s cottage on Ocean Ave, listed at $1.249M and a teardown in lower Hatton Fields with a list price of $925K.


No news to report in the Quail and Highlands areas.



Pebble Beach
  • CLOSED ESCROW – 1423 Riata Rd, $2.65M (5% off of List Price), DOM=32

  • NEW SALE – 1010 Rodeo Rd, $6.9M, DOM=377

  • NEW SALE – 18 Spanish Bay, $4.25M, DOM=20

  • NEW SALE – 952 Sand Dunes, $3.25M, DOM=116

  • NEW SALE – 1017 Ocean Rd, $1.575M, DOM=2

  • NEW SALE – 1039 Laurel Ln, $1.295M, DOM=97

  • NEW SALE – 1118 Sawmill Gulch Rd, $1.275M, DOM=49

  • NEW SALE – 4122 Sunridge Rd, $1.195M, DOM=21

  • ACTIVE LISTINGS= 85 Homes (Country Club West=15, Country Club East=10, Central Pebble=33, Lodge=18, Upper Forest=9), 17 Lots

Carmel
  • CLOSED ESCROW – Casanova 3NE of 9th, $2.3M (1% over List Price), DOM=2

  • CLOSED ESCROW – NE Corner of Torres & 9th, $1.35M (3% off of List Price), DOM=205

  • CLOSED ESCROW – NW Corner of 2nd & Santa Rita, $1.207M (3% off of List Price), DOM=19

  • CLOSED ESCROW – NW Corner of Torres 9th, $1.195M (2% off of List Price), DOM=12

  • CLOSED ESCROW – SW Corner of Lopez & 2nd, $1M (9% off of List Price), DOM=9

  • NEW SALE – 26206 Mesa Dr, $1.95M, DOM=11

  • NEW SALE – 24792 Santa Fe, $1.395M, DOM=35

  • NEW SALE – 3533 Lazarro Dr, $1.32M, DOM=3

  • NEW SALE – 3530 Oak Pl, $1.295M, DOM=115

  • NEW SALE – 5015 Lobos St, $1.276M, DOM=38

  • NEW SALE – 3378 Ocean Ave, $1.249M, DOM=133

  • NEW SALE – 3484 Taylor Rd, $925K, DOM=6

  • ACTIVE LISTINGS= 84 Homes (Carmel Woods=3, NW Carmel=19, NE Carmel=12, Golden Rectangle=20, SE Carmel=9, Carmel Point=12, Hatton Fields=9), 6 Lots

Carmel Highlands
  • No news to report.

  • ACTIVE LISTINGS= 14 Homes (13 in Highlands – 6 oceanfront, 1 in Meadows), 4 Lots

Quail Lodge/ Preserve
  • No news to report.

  • ACTIVE LISTINGS= 7 Homes (2 in Quail Meadows, 5 in Quail Lodge), 2 Lots




Around Town

6/9: Hops & Pops: Summer of Love

  • Monterey Museum of Art

  • $10-15

  • 7:00pm - 9:00pm

6/9-6/11: Monterey Wine Festival

  • Custom House Plaza

  • $45-300

6/10: Carmel Art Walk

  • Downtown Carmel-by-the-Sea

  • Free

  • 5:00pm - 8:00pm

6/10: Camp Vintage Antique Show

  • Earthbound Farm

  • Free

  • 8:00am - 4:00pm



#CanningProperties #WeeklyBlog #SothebysInternationalRealty #GetSmart

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.

  • Facebook - White Circle
  • Twitter - White Circle
  • LinkedIn - White Circle
  • Instagram - White Circle
QUARTERLY UPDATES
CONTACT

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

Sotheby’s International Realty® is a registered trademark. All rights reserved.  This web site is not the official web site of Sotheby’s International Realty, Inc. Sotheby’s International Realty, Inc. does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this web site. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractors and are not employees of Sotheby’s International Realty, Inc.  All marks and copyrights are the property of their respective owners and used with permission.  Equal Housing Opportunity.

 

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.