Feeling Festive?

There’s a couple of festivals in town this weekend if you’re out and about – Carmel’s 24th Annual Art Festival and the American Craft Beer Week held in downtown Monterey. The local market slowed from the previous week, echoing the stock market’s activity, which also saw a dip through week’s end.

Pebble’s market came to a standstill this week with just 1 closed escrow, quite the contrast from the previous week’s performance of 2 Closed escrows and 8 new sales. The lone closed escrow came from the heart of the MPCC area along the 3rd fairway of the Shore Course – a tastefully remodeled ranch-style home with distant/filtered ocean views that closed at the full list price of $2.875M.

Pebble Beach

CLOSED ESCROW – 3072 Bird Rock Rd, $2.875M (Full Price), DOM=44
ACTIVE LISTINGS= 83 Homes (Country Club West=12, Country Club East=13, Central Pebble=31, Lodge=17, Upper Forest=10), 19 Lots

Carmel

CLOSED ESCROW – Santa Lucia 2 NW of Casanova, $1.55M (14% off of List Price), DOM=182
NEW SALE – 3324 Taylor Rd, $1.65M, DOM=124
NEW SALE – 24775 Valley View, $1.24M, DOM=179
NEW SALE – NW Corner of Torres & 9th, $1.125M, DOM=12
ACTIVE LISTINGS= 87 Homes (Carmel Woods=4, NW Carmel=17, NE Carmel=15, Golden Rectangle=18, SE Carmel=12, Carmel Point=11, Hatton Fields=10), 5 Lots