Grab Your Umbrella

  • Canning Properties Group
  • 03/23/18


With another rainy weekend in the forecast, locals are bringing out the umbrellas as they try to stay dry during this wet streak.  The local market had a fair amount of activity this week as Pebble’s market roared ahead to a Q1 high of 10 new sales. Both the Carmel and Highlands markets had activity as well.  As always, a few highlights from the week below:

With 2 closed escrows and 10 new sales, Pebble’s market stole the weekly crown in grand fashion.  The top closed escrow was a ranch style home on Strawberry Hill with filtered ocean views and a guest house that closed off-market at $1.2M (7% off of List Price).  The other closed escrow was a major fixer that closed at $900K (5% off of List Price) after falling through escrow a couple weeks prior.  The top new sale comes from Pebble’s famed 2nd hole – a David Allen Smith designed home with golf and ocean views, offered at $10.5M.  The other new sales include a tastefully remodeled English Country estate on a quiet strip of Sloat Rd and an ask of $2.35M; a dated ranch style home in a coveted location near the MPCC Shelter, listed at $1.988M; a 90’s Mediterranean style home in the Upper Forest, offered at $1.875M; a charming ranch style home in the heart of the MPCC area on Sombrero Rd with an ask of $1.835M; a dated traditional style home in the Country Club East area that’s listed at $1.295M and a few fixers and a condo throughout the Forest with respective asks of $1.25M, $1.095M, $1.075M and $629K.

Carmel had a modest week with 3 closed escrows and 3 new sales.  The top closed escrow came from the Hatton Fields area – a traditional style home with valley views on an oversized lot that closed at $2.15M (4% off of List Price).  The other closed escrows included a Midcentury Modern style home on Franciscan Wy with distant ocean views that closed at $1.975M (1% off of List Price) and a charming small (1,244 SqFt) cottage in the heart of the Golden Rectangle that sold for $1.628M (1% off of List Price).  The top new sale is a brand-new design Contemporary cottage in SE Carmel that went into escrow after being on the market for 45 days with an ask of $2.595M.  The other new sales include a dated 80’s cottage in the SE part of the Golden Rectangle, listed at $1.9M and a major project in NE Carmel with an ask of $899K.

The Highlands area had activity to report with 2 new sales.  The top new sale comes from the Carmel Meadows area on Cuesta Wy – a dated traditional style home with distant ocean views and an ask of $1.99M.  The other new sale comes from the East side of Hwy 1 – a rustic cottage style home that went back into escrow this week offered at $1.37M.


Work With A Team. Work With The Best.

With over 30 years of experience in the Pebble Beach and Carmel markets, they know the market – both the openly listed and discreetly available inventory. Together with their associates, they are uniquely qualified to offer the highest level of professionalism and service on the Monterey Peninsula.