Monday Market Recap

We continued to see strong demand in Carmel, Pebble Beach, Carmel Highlands, the Preserve and Quail areas in January. Over the past week, we’ve seen 9 new listings hit, including 3 that are discreetly available and two that are already in escrow or closed. Inventory continues to struggle with demand, with 13 properties going into escrow and 11 deals closing. The top two listings are a new, modern house on Poppy Lane that’s listed for $6.795M and a fixer on Ondulado, above the Lodge, for $5.95M. The top new escrows were an off market sale on Stewart Way on Carmel Point (we’re representing the buyers) and a house on Riata Road that was on the market just 7 days and listed at $4.6M. Demand continues to be particularly strong for ocean view homes in downtown Carmel, with the top sale this week being a modern house on Scenic & 10th, which closed for $8.975M after just 2 days on the market.


Watch the video for Jess’ thoughts on how 2020 compared to the .com bubble, what we think might stick around for the future, and Dave’s tips on a few things to keep in mind regarding insurance in the due diligence and sales process.


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

Dave Reese

831.272.2172

© 2021 Sotheby’s International Realty. All Rights Reserved. The Sotheby’s International Realty trademark is licensed and used with permission. Each Sotheby’s International  Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. The Sotheby’s International Realty network fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. This web site is not the official web site of Sotheby’s International Realty. Sotheby’s International Realty 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 are independent contractors and are not employees of Sotheby’s International Realty. 

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, Dave Reese DRE#02121762.