Summer Staycation

Updated: Aug 10, 2019


Photo by Anna Demianenko on Unsplash

We love where we live and are grateful for opportunities to enjoy our surroundings on the Central Coast. Originally coined in the early 2000’s, the term “staycation” implies the best type of vacation – one that does not involve the stress of travel, packing, or a long flight/drive. Staycations don’t necessarily mean hanging out around the house; local dining, leisure, and entertainment can serve economic benefits to our community. What are your weekend plans? We hope you enjoy a couple of days of reprieve, wherever you may be. We will be staying in town! Below please find a recap of this week’s activity in our local real estate market.


Pebble’s week was on the quiet side with no closings and 2 new sales: a 15-year-old Custom Spanish style home in Central Pebble went into contract with an ask price of $3.475M after roughly 1 month on the market as did an MPCC golf front home located on the 2nd Fairway of the Shore Course (list price: $1.595M, DOM = 156).


Carmel had a steady week reporting 4 closed escrows and 5 new sales. Closings included a 3-year-old home on an oversized lot across the street from Sunset Center which was on the market for 7 months (sale price: $3.0725M, 2% off most recent list price or 12% off original list price), a rebuilt Mid-Century Craftsman style cottage in the Golden Rectangle (sale price: $2.75M, 5% off most recent list price or 11% off original list price, DOM = 154), a cozy updated cottage in SE Carmel which sold for less than 1% off list price ($1.365M) after less than a week on the market, and a large dated home on a sizeable lot on Highway 1 across from Carmel High School closed at 2% off most recent list price or 15% off original list price for $1.275M after 8 months on the market. New sales in the region consisted of: an oversized updated 1920’s built cottage in the Golden Rectangle just 4 blocks from the beach (list price: $2.35M, DOM = 56), a centrally located Mid-Century home with a guest house which was on the market for 3 months (list price: $1.925M), a cute vintage cottage in the Golden Rectangle which went into contract off market with an ask of $1.625M, a cozy NE Carmel cottage with detached guest structure which was on the market for less than a month (list price: $1.335M), and a snug storybook cottage on Carpenter (list price: $949K, DOM = 56).


The Highlands and Carmel Meadows reported some activity this week with 1 closing and 1 new sale. A vintage fixer with valley views on Ribera Road sold for a 12% discount off ask at $1.164M after 10 days on the market this week. The new sale was a 90’s-built ocean view Contemporary perched on the hill of San Remo Road, which went into escrow after approximately 2 months on the market with a list price of $2.25M.


A Quail Lodge condo unit went into contract after less than 1 month on the market with an ask of $955K. There was no other movement in Quail or the Preserve this week.

Pebble Beach
  • NEW SALE: 1425 Oleada Road, List Price: $3.475M, DOM = 27.

  • NEW SALE: 1020 San Carlos Road, List Price: $1.595M, DOM = 156.

  • ACTIVE LISTINGS: 77 Homes (Country Club West = 19, Country Club East = 6, Central Pebble = 34, Lodge = 9, Upper Forest = 9), 32 Lots.

Carmel
  • CLOSED ESCROW: San Carlos 4 SW of 9th Avenue, Sale Price: $3.0725M (2% off most recent list price or 12% off original list price), DOM = 217.

  • CLOSED ESCROW: Lincoln & 11th, SW Corner, Sale Price: $2.75M (5% off most recent list price or 11% off original list price), DOM = 154.

  • CLOSED ESCROW: Santa Fe 5 SW of Ocean Avenue, Sale Price: $1.365M (less than 1% off list price), DOM = 6.

  • CLOSED ESCROW: 25388 Highway 1, Sale Price: $1.275M (2% off most recent list price or 15% off original list price), DOM = 239.

  • NEW SALE: 9th Avenue, 2W of Casanova, List Price: $2.35M, DOM = 56.

  • NEW SALE: 2696 Santa Lucia Avenue, List Price: $1.925M, DOM = 95.

  • NEW SALE: 9th Avenue, 2 NE of Lincoln, List Price: $1.625M, DOM = 1.

  • NEW SALE: Santa Fe & 1st, SE Corner, List Price: $1.335M, DOM = 26.

  • NEW SALE: 2nd Avenue, 2 SW of Carpenter Street, List Price: $949K, DOM = 56.

  • ACTIVE LISTINGS: 93 Homes (NW Carmel = 16, NE Carmel = 20, SW Carmel = 13, SE Carmel = 13, Carmel Point = 18, Hatton Fields = 13), 10 Lots.

Carmel Highlands
  • CLOSED ESCROW: 3010 Ribera Road, Sale Price: $1.164M (12% off list price), DOM = 10.

  • NEW SALE: 193 San Remo Road, Sale Price: $2.25M, DOM = 53.

  • ACTIVE LISTINGS: 27 Homes (8 Oceanfront), 6 Lots.

Quail / Preserve
  • NEW SALE: 7020 Valley Greens Circle, #16, List Price: $955K, DOM = 26.

  • ACTIVE LISTINGS: Quail Meadows = 5 Homes, 1 Lot.  Quail Lodge = 6 Homes, 1 Lot.  Preserve = 14 Homes, 47 Lots.


#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 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.