Canning Properties Group wishes you a Happy New Year! We hope 2019 is off to a great start. We are approaching the upcoming year with enthusiasm and a kick in our stride. Do you have any New Year’s Resolutions? We are focusing on health, happiness, and family. We had a quiet week in our local market as the area focused on holiday festivities and celebrations, with just 4 new sales (3 in Carmel, 1 in Pebble) and 1 closing (in Pebble). You can anticipate our year end 4Q18 update in the upcoming week. Sending you all the best for 2019! As always, below please find an update outlining the activity from last week:
The only closing this week was Pebble – a partially updated 70’s fixer with views of the 5th Tee of the Dunes Course in Country Club East sold for less than 1% off most recent list price (or 4.5% off original list price) for $1.385M after approximately 3 months on the market. A contemporary estate in Central Pebble with extra water credits went under contract after well over a year on the market (list price: $3.3M; original list price: $3.9M).
Carmel had 3 new sales and no closings – the new sales consisted of a recently rebuilt oversized cottage in NW Carmel on the market for 9 months (list price: $2.595M; original list price: $2.625M), another cottage in NW Carmel with a reverse floor plan and access to Jane Powers Walkway with an ask of $1.95M (original list price) on the market for a little over 2 months, and a tiny 1 bed/1 bath with renderings for an expansion in NE Carmel (list price: $995K, DOM = 103).
There was no activity to report in Carmel Highlands, Quail, or the Preserve this week.
Pebble Beach
CLOSED ESCROW: 1174 Chaparral Road, Sale Price: $1.385M (less than 1% off list price; 4.5% off original list price), DOM = 85.
NEW SALE: 4064 Ronda Road, List Price: $3.3M (original: $3.9M), DOM = 425.
ACTIVE LISTINGS: 71 Homes (Country Club West = 14, Country Club East = 8, Central Pebble = 23, Lodge = 16, Upper Forest = 10) 20 Lots.
Carmel
NEW SALE: Monte Verde 2 SW of 4th Avenue, List Price: $2.595M (original: $2.625M), DOM = 279.
NEW SALE: Palou 4 NW of Casanova Street, List Price: $1.95M (original), DOM = 77.
NEW SALE: 3136 Serra Avenue, List Price: $995K (original), DOM = 103.
ACTIVE LISTINGS: 53 Homes (NW Carmel = 4, NE Carmel = 15, Golden Rectangle = 10, SE Carmel = 7, Carmel Point = 9, Hatton Fields = 8) 7 Lots.
Carmel Highlands
ACTIVE LISTINGS: 17 Homes (4 Oceanfront), 8 Lots.
Quail Lodge/ Preserve
ACTIVE LISTINGS: Quail Meadows = 1 Home, 0 Lots. Quail Lodge = 3 Homes, 2 Lots. Preserve = 11 Homes, 47 Lots.
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