Our office is located just 25 miles from “the Artichoke Capital of the World” and not only does the crop grow abundantly in our region, but we absolutely love artichokes! This weekend, head to the Monterey County Fairgrounds for the 60th Annual Artichoke Festival. If you enjoy cooking, check out live demonstrations at the festival. Stop by the food booths or better yet, the artichoke eating contest. Did you know artichokes are always in season, and almost 100 percent of all commercially grown artichokes in the U.S. are grown in California?
After a bit of a lull last week, the local real estate market picked up this week ringing in 14 closings and 5 new sales. As always – an update from the week below:
Pebble Beach had a productive week with 3 closed escrows and 2 new sales. Our closings consisted of a centrally located Ranch style home which was on the market for 2 months (sale price: $1.248M, 14% discount off list price), a dated 80’s built traditional in the Upper Forest region (sale price: $1.36M, 3% off list price), and an updated Rancher in Country Club West (sale price: $1.22M, 4% discount off list price, DOM = 17). As far as new sales, a remodeled traditional single level home in Country Club East went into contract after just under 2 months on the market (list price: $1.695M; original: $1.795M) as did a partially updated 60’s built home listed for $1.295M (original list price: $1.495M, DOM = 225).
Carmel picked up the pace and had a strong week with 9 closings and 3 new sales. Closed escrows included a sophisticated iconic cottage on Carmel Point (sale price: $4.7M, 4% discount off list price, DOM = 35), an oversized Craftsman style home on a large lot in the Golden Rectangle which was on the market for 2 weeks (sale price: $2.93M, 2% discount off list price), a vintage cottage on an oversized lot in the Golden Rectangle which was on the market for 1 week (sale price: $2.37M, 1% off list price), a dated ‘40’s build in NW Carmel which sold off market (sale price: $2.05M), a chic cottage near Mission Trail Park (another off market sale; sale price: $1.895M), a cozy tiny vintage cottage on Carpenter in NE Carmel which was on the market for 9 days (sale price: $1.3255M, 4% off list price), an updated 40’s built ocean view home in NW Carmel (sale price: $1.26M, 3% off list price, DOM = 23), a remodeled 1930’s build in NW Carmel which sold after only 1 week on the market (sale price: $1.285M, 1% discount off list price), and a tiny 1 bedroom 1 bathroom “rustic glam retreat” in NW Carmel sold for $1.075M (7% off most recent list price or 12% off original list price, DOM = 206). All 3 new sales were coincidentally Mid-Century Moderns: a beautifully renovated home in Hatton Fields which was on the market for just 11 days (list price: $2.895M), a home with a guest unit on Carmel Point (list price: $1.925M, DOM = 53), and a cozy vintage cottage in SE Carmel with an ask of $875K (original list price: $925K, DOM = 55).
Two homes closed escrow in Quail Lodge this week: a beautifully remodeled Contemporary with golf and mountain views sold for $2.3M (8% discount off list price) after 9 days on the market and an updated late ‘80’s build backing the course closed off market for $1.725M. There was no activity to report in Quail Meadows, the Preserve, or Carmel Highlands this week.