Happy Labor Day Weekend

  • Canning Properties Group
  • 08/30/19
We hope you have some fun plans in store for the upcoming 3-day weekend. The Monterey County Fair is happening through Sunday – Head over for live music, rides, food, libations, and entertainment. To purchase tickets please visit https://tickets.montereycountyfair.com/tickets. This weekend also marks the Monterey Greek Festival at Custom House Plaza near Fisherman’s Wharf if you’d like to enjoy traditional dancing and authentic Greek food. Another option is to enjoy extended hours at the Monterey Bay Aquarium’s “Evenings by the Bay”, a great opportunity to visit some of your favorite exhibits with a glass of wine after the crowds have dissipated (open Sat/Sun until 8:00 PM). Wherever you land this weekend, have some fun and enjoy yourself! We had yet another steady week in our local real estate market with 8 closed escrows and 10 new sales. Below please find a recap outlining this activity:
 
Canning Properties Group is honored to represent the top closed escrow in Pebble this week: a Mediterranean estate with views of Stillwater Cove just steps from the Lodge which closed for a 29% discount off list price at $10.25M after a little over a year on the market. Other closings in Pebble consisted of an old world Spanish hacienda style estate near the Lodge which sold after less than a week on the market at a 5% discount off list price ($3.29M), a dated 70’s-built contemporary near MPCC on the market for only 2 weeks (sale price: $1.2M, 8% off most recent list price or 13% off original list price), and an ocean view condominium unit in Shepherd’s Knoll/Upper Forest (sale price: $655K, a 3% discount off most recent list price or 28% off original list price, DOM = 276). Canning Properties Group represents the top new escrow in the region this week as well – an extraordinary iconic oceanfront estate and adjacent lot on famed Sunset Point (list price: $27.9M, DOM = 300). The remaining new sales in the region included an updated 70’s-built ocean view Contemporary in the Upper Forest (list price: $1.899M, DOM = 44), and a traditional family home in quiet Country Club East which was only on the market for 1 day before going into contract (list price: $1.549M).
 
Closings in Carmel this week were a cottage in the Golden Rectangle just 2 blocks from the beach which sold full price at $2.695M after 2 weeks on the market, a completely remodeled vintage SW Carmel cottage (sale price: $1.65M, 8% off most recent list price or 13% off original list price, DOM = 40), a beloved multi-generational adobe on a sun soaked corner lot in Hatton Fields (off-market; sale price $1.55M – a Canning Properties Group sale), and an updated 1940’s built cottage with private guest quarters in NE Carmel (sale price: $1.2978M, 3% off list price, DOM = 26). Canning Properties Group represents the sellers of the top new sale in Carmel – an exquisitely built, old world inspired estate on a 13,000 square foot lot in Carmel Point (list price: $7.9M, DOM = 383). Other new sales in Carmel included a quintessential Carmel cottage located near town in the Golden Rectangle (list price: $2.995M, DOM = 168), a vintage post adobe in Carmel Point abutting the lagoon at Carmel River State Beach (list price: $2.75M, DOM = 172), a dated vintage cottage with guest house in the heart of the Golden Rectangle which was on the market for just 2 days (list price: $1.595M), an updated circa 1960’s cottage with whimsical gardens in NW Carmel (list price: $1.498M, DOM = 63), a cute vintage cottage in NE Carmel on the market for approximately 1 month (list price: $1.348M), and a charming cozy 1940’s-built cottage with guest unit in NE Carmel (list price: $1.05M, DOM = 71).
 

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.

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