Summer in Winter

Updated: Mar 7, 2019


Photo by Fabrizio Conti on Unsplash

The groundhog may have spoken but the weather on the Monterey Peninsula seems to disagree with his verdict.  With sunshine, clear skies, and temperatures in the 70s, we are setting the stage for an incredible backdrop as the countdown to the AT&T Pebble Beach Pro-Am begins.  This week experienced steady activity in Carmel and Pebble Beach, with 4 new sales in Pebble and 3 in Carmel in addition to 5 closed homes in Pebble, 5 in Carmel, and 1 in Carmel Highlands.  As always, a few highlights from the week below:


Pebble Beach saw an uptick in activity this week compared to the week prior.  Our listing at 3382 Laureles Lane – boasting panoramic views of the Pacific Ocean from both levels – went into contract this week with a list price of $3.85M.  Other new sales in Pebble include an updated Spanish style home on MPCC’s frontlines with an ask of $5.099M; a dated rancher with room for opportunity in the Country Club East area listed at $1M, and a condominium unit in the Upper Forest/Shepherd’s Knoll area ($645K list price).  Closed escrows in Pebble Beach consisted of a traditional estate near the Lodge selling for $3.8M (24% off list price), a newly constructed modern home on the Dunes course at MPCC for $2.7M (45% off list price), a mid-century inspired contemporary home in the MPCC area that sold for $2.65M (11% off list price), a renovated Mediterranean also in the MPCC region (full price sale – $1.69M), and a dated Cape Cod style residence closing at $1M (20% off list price).


Carmel picked up the pace this week as well.  New sales in Carmel this week include an French country style home in Carmel Point listed at $3.295M, an updated duplex in the heart of downtown ($2.995M list price), and a remodeled 1920s built cottage in NE Carmel (listed for $1.225M).  We’re very honored to represent the buyers of two classic Carmel cottages in the Golden Rectangle this week: Casanova 3 NE of 11th Street on the market for just one week closing at $2.9M (2% off list price) and San Carlos 8 SE of 13th Street ($2.055M; 11% off list price).  Other closed sales this week included an off-market 1930s built beach bungalow ($2.2M – 3% off list price), an updated home in the Golden Rectangle which sold for $2.15M (11% off list price), and a Hatton Fields fixer closing at $1.193M (5% off list price).


There was no new activity to report in the Quail and Preserve markets this week.


Although there were no new sales this week in the Carmel Highlands, the area saw movement with one closing – a rustic modern oceanfront home at 42 Yankee Point Drive closing at $6.1M (11% off list price).


CPG hopes you enjoy the tournament this year.  Cheers!



Pebble Beach
  • CLOSED ESCROW – 1478 Bonifacio Road, $3.8M (24% off list price) DOM = 402

  • CLOSED ESCROW – ¬1113 Arroyo Drive, $2.7M (45% off list price) DOM = 456

  • CLOSED ESCROW – 3136 Stevenson Drive, $2.65M (11% off list price) DOM = 169

  • CLOSED ESCROW – 2917 17 Mile Drive, $1.69M (full price) DOM = 19

  • CLOSED ESCROW – 1043 Mission Road, $1M (20% off list price) DOM = 98

  • NEW SALE – 1049 Marcheta Lane, List Price: $5.099M

  • NEW SALE – 3382 Laureles Lane, List Price: $3.85M

  • NEW SALE – 1145 Wildcat Canyon Road, List Price: $1M

  • NEW SALE – 76 Ocean Pines Lane, List Price: $645K

  • ACTIVE HOMES: 62 Homes (Country Club East: 18 Country Club West: 8 Central Pebble: 15 The Lodge: 11 Upper Forest: 11), Active Lots: 15

Carmel
  • CLOSED ESCROW – Casanova 3 NE of 11th Street, $2.9M (2% off list price) DOM = 8

  • CLOSED ESCROW – 2477 San Antonio Avenue, $2.2M (3% off list price) DOM = Off Market

  • CLOSED ESCROW – Forest 3 SW of Ocean Avenue, $2.15M (11% off list price) DOM = 178

  • CLOSED ESCROW – San Carlos 8 SE of 13th Street, $2.055M (11% off list price) DOM = 62

  • CLOSED ESCROW – 26080 Mesa Drive, $1.193M (5% off list price) DOM = 41

  • NEW SALE – 2508 16th Avenue, List Price = $3.295M

  • NEW SALE – Monte Verde & 7th, NW Corner, List Price = $2.995M

  • NEW SALE – Santa Fe & 2nd NE Corner, List Price = $1.225M

  • ACTIVE HOMES: 45 (NW Carmel: 12 NE Carmel: 5 Golden Rectangle: 12 SE Carmel: 7 Carmel Point: 10 Hatton Fields: 10), Active Lots: 2

Carmel Highlands
  • CLOSED ESCROW – 42 Yankee Point Drive, $6.1M (11% off list price) DOM = 211

  • ACTIVE HOMES: 26 (9 Waterfront), Active Lots: 6

Quail Lodge/ Preserve
  • ACTIVE HOMES: Quail Meadows Active Homes: 2, Quail Meadows Active Lots: 0

  • ACTIVE HOMES: Quail Lodge Active Homes: 1, Quail Lodge Active Lots: 0

  • ACTIVE HOMES: Preserve Active Homes: 7, Preserve Active Lots: 31





#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.