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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.

Monarchs on the Move

Updated: Mar 7, 2019


Photo by Alex Guillaume on Unsplash

One of the Pacific Grove’s staple events is upon us tomorrow – the Annual Butterfly Parade – heralding the return of Monarchs to town with a celebratory parade and bazaar (Always a fun time). The local market flip-flopped from the previous week as Pebble stalled while Carmel gained momentum. As always, a few highlights from the week below:


A bit of a shock, but Pebble hosted only 1 closed escrow this week – clearly the slowest week this year. The lone closed escrow came from the Country Club East area on Raccoon Trl – a 60’s Spanish Colonial that closed at $1.175M (13% off of List Price). No major concerns on Pebble’s market as we anticipate it to bounce back from the previous week.


Carmel’s market saw a slight increase in activity this week with 2 closed escrows and 5 new sales. We’re very honored to have the opportunity of representing both the buyers and sellers of this week’s top sale. In the heart of the Golden Rectangle on Casanova & 13th, with tons of opportunity to lies a 12,000 sqft lot that closed at $3.6M (6% off of List Price). The other closed escrow came from the NW area of Carmel – a tastefully remodeled, oversized home (2,890 sqft) on the East side of Monte Verde that closed at $3.4M (3% off of List Price). The top new sale – also from NW Carmel – on the West side of Lincoln is a partially updated (in ’13) English cottage with an ask of $2.9M. The other new sales include a partly updated cottage (1,024 sqft home) in the NE Area of Carmel, offered at $1.425M; a teardown in a great Golden Rectangle location on Lincoln & 11th with an ask of $1.335M; a traditional style home in Central Hatton Fields that went back into escrow at $1.259M and another traditional style fixer in Lower Hatton Fields listed at $1.05M.


The Highlands area had activity to report this week with 2 closed escrows. The top closed escrow came from the quiet Yankee Beach Wy – an updated rustic-contemporary home with ocean views that closed at $2.8M (14% off of List Price). The other closed escrow was a major fixer with expansive ocean views on the West side of Hwy 1 (non-oceanfront inlet) that sold for $2.8M (14% off of List Price).



Pebble Beach
  • CLOSED ESCROW – 2818 Raccoon Trl, $1.175M (13% off of List Price), DOM=42

  • Active Listings: 88 Homes (Country Club West: 12, Country Club East: 20) Lots: 19 Lots

Carmel
  • CLOSED ESCROW – NW Corner of Casanova & 13th, $3.6M (6% off of List Price), DOM=32

  • CLOSED ESCROW – Monte Verde 4NE of 3rd, $3.4M (3% off of List Price), DOM=50

  • NEW SALE – Lincoln 3NW of 3rd, $2.9M, DOM=7

  • NEW SALE – SE Corner of Torres & 5th, $1.425M, DOM=70\

  • NEW SALE – Lincoln 2NW of 11th, $1.335M, DOM=20

  • NEW SALE – 3530 Oak Pl, $1.259M, DOM=227

  • NEW SALE – 3583 Oliver Rd, $1.05M, DOM=10

  • Active Listings: 86 Homes (NW Carmel: 19, NE Carmel: 12, SE Carmel: 11, Golden Rectangle: 18, Carmel Point=15, Hatton Fields: 11) Lots: 8 Lots

Carmel Highlands
  • CLOSED ESCROW – 2 Yankee Beach Wy, $2.8M (14% off of List Price), DOM=169

  • CLOSED ESCROW – 186 Van Ess Wy, $1.875M (25% off of List Price), DOM=461

  • Active Listings: 33, Oceanfront Listings: 9, Lots: 5

Quail Lodge/ Preserve
  • No news to report.

  • Active Listings: 11 (Preserve:9, Quail Meadows:1, Quail Lodge:2) Preserve Lots: 35, Quail Meadows Lots: 4





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