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:
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.