Happy Labor Day Weekend

  • Canning Properties Group
  • 08/31/18

After an exciting Car Week on the Monterey Peninsula, we are winding down for a restful Labor Day Weekend. Our subject regions had a productive week with 2 new sales and 8 closed escrows. Canning Properties Group wishes you a happy and safe Labor Day filled with fun, family, and friends. Below please find a recap of our market activity from the week.

Two homes closed in Pebble this week: a custom Contemporary on a little over an acre in the Central Pebble region (sale price: $4M, 4.8% off list price) and a 1920’s-built Mediterranean in Country Club West which sold for 5.8% off list price at $2.35M.

Carmel outpaced the surrounding areas this week with 1 new sale and 4 closed escrows. Canning Properties Group is honored to represent the sellers and buyers of Casanova 2 SW of 13th, a beloved family home located minutes from the beach and town which will continue to be cherished for generations to come. This 1960’s-built fixer-upper sold for 13.5% off list price at $2.25M. The top closed escrow in Carmel this week was a remodeled cottage near downtown which sold for $15K above list price at $2.71M after just 4 days on the market. Other closings included a charming vintage home tucked behind the Carmel Mission (sale price: $2M, 12.9% off list price) and a cottage on the corner of Guadalupe and Ocean Avenue which sold for $1.595M (12.5% off list price). The lone new sale in Carmel this week was a comfortable home with separate guest house on 1/3 acre in Hatton Fields listed for $2.595M (DOM = 88).

Highlands oceanfront activity woke up this week; 156 Hwy 1, nestled in the hillside of Wildcat Cove, went into contract after over a year on the market. Worthy of note this home was originally listed at $8.999M and reduced incrementally to $5.65M.

Two homes sold in Quail this week – a dated 1970’s build with separate guest quarters closing at $1K above ask for $1.596M, and a mid-century modern remodel opportunity at $50K above list price for $975K. Both sales were on Valley Greens Circle and each was on the active market for roughly two weeks.

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