Happy Father's Day

  • Canning Properties Group
  • 06/15/18


We would like to wish everyone a Happy Father’s Day this weekend. If you are in town Carmel has its annual ‘Run in the Name of Love’ 5K and 2K walk in Carmel-by-the-Sea. The market had a steady week across the board as Carmel slightly edged Pebble for most activity. As always, a few highlights from the week below.

Pebble Beach’s market slowed somewhat this week with 3 closed escrows and 3 new sales – down from the high of 6 and 4 respective sales of last week. The top closed escrow was a recently built Mediterranean home with expansive ocean views, just above the Lodge that sold for full price of $9.5M after only 5 days on market. The other closed escrows included an updated home in Country Club West that sold for full ask of $1.44M and a traditional fixer in Upper Forest that closed at $840K (7% off list price). The top new sale came from Central Pebble Beach – a custom remodeled ocean view estate on Ronda, listed at $4.9M. The two other new sales included a completely remodeled home in Country Club West listed at $1.95M and a remolded two-story Craftsman in Upper Forest listed at $1.656.

Carmel had some new action this week with 5 new sales and 1 closed escrow. Carmel’s lone closed escrow this week was a warm remodeled home in Northeast Carmel that closed at $1.875M (6% off list price). The top new sale came from the Golden Rectangle – an ocean view home blocks to the beach listed at $4.295M. The other new sales included a redesigned home in Southeast Carmel listed at $3.595, a bungalow on San Antonio listed at $2.73M, a charming cottage on Lobos listed at $1.408M, and an ocean view cottage in Northwest Carmel listed at $1.299M.

Quail Lodge had one closed escrow this week – a single level home just off the 8th green that sold at full ask of $2.195M. We’re impressed by the strong demand in Quail of late. No signs of slowing either.

The Preserve saw some action this week as well with one closed escrow – a 5 bedroom estate, past the Golf Club, that closed at $3.825M (4% off list price) with just 1 day on the market.

No news to report in the Carmel Highlands area this week.


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.

Contact Us