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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

Natalie Pitschke

831.521.7363

Brian Keck

831.238.8730

© 2019 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 Intentional Realty, Inc.

 

SIR DRE License Number: 899496, Mike Canning DRE#01004964, Jessica Canning DRE#01920034, Nic Canning DRE#01959355, Ellen Krausse DRE#02046046, Natalie Pitschke DRE# 02041776, and Brian Keck DRE#02070480.

Pebble's Market Heats Up

Updated: Mar 7, 2019


Photo by Andy Hutchinson on Unsplash

After a lackluster performance across the board the previous week, Pebble’s market leapt forward in activity while Carmel remained sluggish. Sunny skies ahead for the weekend and as always, a few highlights from the week below:


As mentioned, Pebble’s market had a robust performance this week with 6 closed escrows and 3 new sales – highlighted by the first sale north of $10M since December of last year. The top closed escrow came from the Lodge area – a tastefully designed Mediterranean style home with filtered ocean views that sold off-market at $10.5M. The other closed escrows included a 90’s Mediterranean style home near Cypress Point that closed at $5.475M (21% off of List Price); a dated 50’s traditional style home with expansive ocean views on prized Bonifacio Rd that closed at $4M (8% off of List Price); two interior Spanish Bay condos (units 78 & 79) with ocean views that each closed at $3.15M (2% and 10% off of respective List Prices) and an 80’s traditional style home in the Central Pebble area that closed off-market for $2.15M. The top new sale comes from the Central Pebble area – an 80’s ranch/contemporary style home in Central Pebble with an ask of $2.195M. The other new sales – both from the Upper Forest – include a rustic contemporary on Sunset Ln with an ask of $1.175M and a condo that’s offered at $685K.


For the second week in a row, the prime parts of Carmel stalled – matching the previous weeks’ totals of 2 closed escrows and 3 new sales. The top closed escrow came from the East side of Bay View Ave – a three story Mediterranean style home (built in ’03) with North facing ocean views that closed at $4.6M (1% off of List Price). The other closed escrow was a condo near downtown that sold for $860K (4% off of List Price). We’re honored and excited to represent the buyers on the top new sale this week. A tastefully remodeled and designed cottage in the heart of the Golden Rectangle on Casanova, with a list price of $4.3M. The other new sales include a ranch style fixer in lower Hatton Fields, listed at $1.349M and a teardown on Ocean Ave that just went back into escrow with a list price of $899K.


The Quail/Preserve areas had activity to report this week with 1 closed escrow and 1 new sale – both in the Quail Lodge area. The closed escrow was a custom oversized single level home on Valley Greens Dr (built in ’04) that closed at $2.3M (8% off of List Price). The new sale is a tastefully remodeled Craftsman-ranch style home with west-facing views on Lake Pl, which went into escrow after just 7 days, listed at $2.165M.


The Highlands also had activity to report with 1 closed escrow, which came from the East side of Highway 1 – a major fixer with distant/filtered ocean views on Upper Walden that closed at $1.2M (7% off of List Price).



Pebble Beach
  • CLOSED ESCROW – 3319 Stevenson Dr, $10.5M (Off-Market)

  • CLOSED ESCROW – 1109 Portola Rd, $5.475M (21% off of List Price), DOM=100

  • CLOSED ESCROW – 1484 Bonifacio Rd, $4M (8% off of List Price), DOM=32

  • CLOSED ESCROW – 78 Spanish Bay, $3.15M (10% off of List Price), DOM=134

  • CLOSED ESCROW – 79 Spanish Bay, $3.15M (2% off of List Price), DOM=129

  • CLOSED ESCROW – 3136 Spruance Rd, $2.15M (Off-Market)

  • NEW SALE – 1276 Viscaino Rd, $2.195M, DOM=214

  • NEW SALE – 4168 Sunset Ln, $1.175M, DOM=155

  • NEW SALE – 19 Ocean Pines #21, $685K, DOM=7

  • Active Listings = 86 Homes (Country Club West = 11, Country Club East = 19, Central Pebble = 26), 17 Lots

Carmel
  • CLOSED ESCROW – 2360 Bay View, $4.6M (1% off of List Price), DOM=274

  • CLOSED ESCROW – Mission & 3rd SW Corner A1, $860K (4% off of List Price), DOM=159

  • NEW SALE – Casanova 2SE of 10th, $4.3M, DOM=120

  • NEW SALE – 26208 Atherton Dr, $1.349M, DOM=158

  • NEW SALE – 3424 Ocean Ave, $899K, DOM=1

  • Active Listings = 84 Homes (NW Carmel = 19, NE Carmel = 12, Golden Rectangle = 18, SE Carmel = 8, Carmel Point = 15, Hatton Fields = 12), 8 Lots

Carmel Highlands
  • CLOSED ESCROW – 188 Upper Walden Rd, $1.2M (7% off of List Price), DOM=30

  • Active Listings = 32 Homes (10 Oceanfront), 6 Lots

Quail Lodge/ Preserve
  • CLOSED ESCROW – 7036 Valley Greens Cir, $2.3M (8% off of List Price), DOM=127

  • NEW SALE – 8067 Lake Pl, $2.165M, DOM=7

  • Active Listings = 16 Homes (Preserve = 13, Quail Meadows = 1, Quail Lodge = 2), 41 Lots (Preserve = 37, Quail Meadows = 4)





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