Since 1935, the Bach Festival has graced Carmel and expanded from 4 days of concerts into what is now a 2 week-long celebration. The Festival strives toward integrating music, education, and ideas in celebration of Bach’s worldwide influence. Join in on the festivities and check out a concert, recital, master class, lecture, or open rehearsal at Sunset Center. For tickets, visit http://bachfestival.org/tickets. Enjoy a performance, spark the imagination, and have a great weekend! The local real estate market was productive this week, ringing in 9 new sales and 11 closed escrows. Worthy of note, all new sales this week were below the $3M mark as the bottom of the market continues to maintain liquidity. Below please find a recap of our subject regions.
Pebble Beach experienced a busy week and contributed 7 of the 11 total closed escrows. Closings included a new warm contemporary on the approach to the 7th green of Poppy Hills which was on the market for 3 months (sale price: $6M, 14% off list price), the 1920’s-built “2nd Canary Cottage” in the Upper Forest which was on the market for a year (sale price: $5.5M, 7% off list price), a fixer on the “Miracle Mile” of 17 Mile Drive also on the market for a little over a year (sale price: $3.65M, 8% off most recent list price or 13% off original list price), a Country English style home near MPCC with ocean/golf views which sold full price at $3.599M after a week on the market, a circa 1990’s Spanish Mission build in Country Club West (sale price: $2.525M, 3% off list price), a partially updated remodel opportunity in Country Club East (sale price: $1.24M, 4% off most recent list price or 17% off original list price, DOM = 225), and a Ranch style fixer, also in Country Club East, which sold after 2 days on the market for $1M even (an 18% discount off list price). Pebble had 2 new sales this week: a remodeled Ranch style home in Central Pebble (list price: $2.749M, DOM = 55) and a dated 1970’s contemporary home with a good footprint in Country Club East which was on the market for 2 weeks (list price: $1.275M).
The remaining 4 closings this week all occurred in Carmel: a 90’s-built home near town with ocean views sold for $3.027M (8% off list price) after less than 2 weeks on the market, an almost new “Contemporary meets Comstock” cottage in NE Carmel closed for 3% off list price at $2.03M (DOM = 66), a vintage home in Carmel Point clocked in at $50K over ask ($1.85M) after 4 days on the market, and a partially remodeled 1940’s build on Highway 1 closed for $1.26M (3% off most recent list price or 16% off original list price, DOM = 78). The 6 new sales in the region consisted of a renovated beach house in Carmel Point (list price: $2.79M, DOM = 107), a cozy vintage cottage in NE Carmel on the market for 1 month (list price: $1.799M), an updated traditional turnkey home on Highway 1 (list price: $1.695M, DOM = 37), another cute NE Carmel cottage with guest house (list price: $1.599M; original: $1.995M, DOM = 160), an ocean view condominium unit in NW Carmel which was on the market for 2 months (list price: $1.297M; original: $1.396M), and another condo in NW Carmel, closer to the heart of town, which was on the market for just 3 days with an ask of $985K.
There was a new sale in Carmel Meadows (Highlands sub-area) this week – a 1960’s era Ranch style fixer on Ribera Road went into escrow after 10 days on the market with an ask of $1.325M.
Quail Meadows/Lodge and the Preserve had no activity to report this week.
Pebble Beach
CLOSED ESCROW: 22 Poppy Lane, Sale Price: $6M (14% off list price), DOM = 96.
CLOSED ESCROW: 4042 Sunridge Road, Sale Price: $5.5M (7% off list price), DOM = 352.
CLOSED ESCROW: 3237 17 Mile Drive, Sale Price: $3.65M (8% off most recent list price or 13% off original list price), DOM = 398.
CLOSED ESCROW: 1028 Marcheta Lane, Sale Price: $3.599M (full price), DOM = 9
CLOSED ESCROW: 2885 Sloat Road, Sale Price: $2.525M (3% off list price), DOM = 108.
CLOSED ESCROW: 1171 Chaparral Road, Sale Price: $1.24M (4% off most recent list price or 17% off original list price), DOM = 225.
CLOSED ESCROW: 1062 Ortega Road, Sale Price: $1M (18% off list price), DOM = 2.
NEW SALE: 4052 Ronda Road, List Price: $2.749, DOM = 55.
NEW SALE: 1087 Mariner’s Way, List Price: $1.275M, DOM = 18.
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: 8th Avenue, 3 SE of Monte Verde Street, Sale Price: $3.027M (8% off list price), DOM = 12.
CLOSED ESCROW: Santa Fe & 2nd Avenue, SW Corner, Sale Price: $2.03M (3% off list price), DOM = 66.
CLOSED ESCROW: 26251 Camino Real, Sale Price: $1.9M ($50K over list price), DOM = 4.
CLOSED ESCROW: 25068 Highway 1, Sale Price: $1.26M (3% off most recent list price or 16% off original list price), DOM = 78.
NEW SALE: 2479 17th Avenue, List Price: $2.795M, DOM = 107.
NEW SALE: Forest 2 NW of 7th Street, List Price: $1.799M, DOM = 40.
NEW SALE: 25418 Highway 1, List Price: $1.695M, DOM = 37.
NEW SALE: Lobos & 3rd Avenue, SE Corner, List Price: $1.599M, DOM = 160.
NEW SALE: Mission 2 NW of 4th Street, Unit 2, List Price: $1.297M (original: $1.396M), DOM = 65.
NEW SALE: Junipero 3 NW of 5th Avenue, Unit C, List Price: $985K, DOM = 3.
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
NEW SALE: 3010 Ribera Road, List Price: $1.325M, DOM = 10.
ACTIVE LISTINGS: 27 Homes (8 Oceanfront), 6 Lots.
Quail / Preserve
ACTIVE LISTINGS: Quail Meadows = 5 Homes, 1 Lot. Quail Lodge = 6 Homes, 1 Lot. Preserve = 14 Homes, 47 Lots.
Commentaires