Below please find a recap of this week’s activity in addition to our 1Q19 Quarterly Update. The market had a steady week, reporting 6 closed escrows and 5 new sales in our subject regions. The top of the market woke up with 1 ocean/golf front sale in Pebble which closed for $24M which was 24% off the most recent list price. We also saw an uptick in activity in the Highlands; the area experienced a quiet first quarter but already had 1 closed escrow and 1 new sale in the first week of 2Q.
