Springing Past Tax Day

Updated: Mar 7, 2019


Photo by Anders Jildén on Unsplash

Mid-April is where we typically see a calm before our market picks up for its primary selling season. Slow and steady through tax day this year as Pebble edged Carmel for the weekly crown. Good to see that all areas had notable activity this week. As always, a few highlights from the week below:


Pebble’s market kept pace with recent activity, reporting 1 closed escrow and 3 new sales this week. The lone closed escrow came from the frontlines below Spyglass Hill’s 4th fairway – a 60’s rustic modern with expansive ocean views that previously sold at $5.5M in ’16 and just closed again at $5.8M (3% off of List Price). The top new sale is a 70’s Contemporary-style home in the Central Pebble area with an ask of $2.695M. The other new sales include a remodeled traditional-style home in the MPCC area, adjacent to the first hole of MPCC’s Dunes Course, offered at $2.275M and a renovated ranch-style home in the Country Club East area that’s listed at $1.695M


Carmel’s market slowed from the previous week as tax day stalled demand for Carmel’s market – second slowest week in 2017. The lone closed escrow came from Carmel Point – a tastefully designed Tuscan-style home (3,665 sf) on an oversized lot (8,400 sf) that closed at $5.35M. The lone new sale comes from the NW area of Carmel – a 90’s Contemporary-style home with filtered ocean views and an ask of $1.999M.


The Quail area had a nice bump in activity to report this week with 2 closed escrows. The top closed escrow was a ranch-style home along the fairway of Quail’s 9th hole that drew multiple offers and eventually closed at $1.733M. The other closed escrow was a condo (unit#13) that overlooks the 5th green at Quail, which closed at $775K (5% off of List Price).


The Highlands also had one closed escrow on the East side of Highway 1 – a classic MJ Murphy home (built in 1918) with ocean views, just above the Highlands Inn that sold for $1.875M (20% off of List Price).


Best, Mike, Jess & Nic



Pebble Beach
  • CLOSED ESCROW – 3129 17 Mile Dr, $5.8M (3% off of List Price), DOM=49

  • NEW SALE – 3150 Ferguson Ln, $2.65M, DOM=70

  • NEW SALE – 2979 Quarry Rd, $2.275M, DOM=50

  • NEW SALE – 1162 Chaparral Rd, $1.695M, DOM=31

  • ACTIVE LISTINGS= 77 Homes (Country Club West=13, Country Club East=12, Central Pebble=29, Lodge=17, Upper Forest=6), 19 Lots

Carmel
  • CLOSED ESCROW – 26215 Hilltop Pl, $5.35M (7% off of List Price), DOM=132

  • NEW SALE – San Carlos 2NE of 1st Ave, $1.999M, DOM=431

  • ACTIVE LISTINGS= 81 Homes (Carmel Woods=4, NW Carmel=16, NE Carmel=10, Golden Rectangle=15, SE Carmel=13, Carmel Point=12, Hatton Fields=11), 5 Lots

Carmel Highlands
  • CLOSED ESCROW – 154 Highland Dr, $1.875M (20% off of List Price), DOM=215

  • ACTIVE LISTINGS= 14 Homes (14 in Highlands- 7 oceanfront, 0 in Meadows), 4 Lots

Quail Lodge/ Preserve
  • CLOSED ESCROW – 8005 River Pl, $1.733M (2% off of List Price), DOM-8

  • CLOSED ESCROW –7020 Valley Greens Dr #13, $775K (5% off of List Price), DOM=26

  • ACTIVE LISTINGS= 5 Homes (2 in Quail Meadows, 3 in Quail Lodge), 2 Lots



Around Town

4/20-4/23: Pebble Beach Food & Wine

  • Various locations around Pebble Beach

  • All Day

  • $100-$750

4/20-4/23: Sea Otter Classic

  • Laguna Seca Recreation Area

  • All Day

  • $20

4/22: Exclusive Winery Tour

  • Galante Family Winery

  • 11:00am - 2:00pm

  • $50

4/23: 2313 Bay View - Open House

  • 2:00pm - 4:00pm

4/26: Folktale Artisan Workshop: Pressed Flowers

  • Folktale Winery & Vineyard

  • 6:00pm - 8:00pm

  • $55

4/27: Forks.Corks.Action

  • Hyatt Carmel Highlands

  • 6:00pm

  • $120



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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

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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.