January Momentum

  • Canning Properties Group
  • 03/6/19

As the new year rolls in, pouring rains have elevated flow rates in the Carmel River this week.  Our local regions were equally productive, ringing in a busy start to the year with 9 closings (5 in Pebble Beach, 4 in Carmel) as well as 7 new sales (4 in Pebble, 2 in Carmel, 1 in Quail Lodge).  We are busy chipping away at our 4th Quarter Market Update which we’ll have ready next week – until then, below please find a screenshot of the market activity from the first full week in 2019:

 
Pebble Beach
  • CLOSED ESCROW: 3301 17 Mile Drive #5, Sale Price: $4.2M (less than 1% over asking price), DOM = 25.

  • CLOSED ESCROW: 1545 Venadero Road, Sale Price: $3.4M (24% off original list price; 3% off most recent list price), DOM = 207.

  • CLOSED ESCROW: 2822 Raccoon Trail, Sale Price: $1.216M (less than 1% off list price), DOM = 3.                  

  • CLOSED ESCROW: 3019 Sherman Road, Sale Price: $980K (10% off list price), DOM = off market.

  • CLOSED ESCROW: 4068 Sunset Lane, Sale Price: $971K (1% off list price), DOM = 7. NEW SALE: 3301 17 Mile Drive #15, List Price: $4.5M, DOM = 6.

  • NEW SALE: 4067 Los Altos Drive, List Price: $1.29M, DOM = 33.

  • NEW SALE: 2 Spyglass Woods Drive, List Price: $1.25M, DOM = 99.

  • NEW SALE: 1047 The Old Drive, List Price: $1.298M, DOM = 2.

  • ACTIVE LISTINGS: 69 Homes (Country Club West = 14, Country Club East = 8, Central Pebble = 22, Lodge = 15, Upper Forest = 10), 20 Lots.

Carmel
  • CLOSED ESCROW: Carmelo 3 SW of 11th Avenue, Sale Price: $5.725M (4% off list price), DOM = 134.

  • CLOSED ESCROW: Lincoln 3 NW of Santa Lucia, Sale Price: $3.995M (sold off market at full price).

  • CLOSED ESCROW: Palou 11 NW Of Casanova, Sale Price: $2.65M (10% off original list price, 4% off most recent list price), DOM = 158.

  • CLOSED ESCROW: Carpenter 4 SE of 4th Street, Sale Price: $1.2M (11% off original list price, 6% off most recent list price), DOM = 52.

  • NEW SALE: Lincoln 2 SW of 8th, List Price: $2.75M, DOM = 152.

  • NEW SALE: 26029 Atherton Drive, List Price: $1M, DOM = 100.

  • ACTIVE LISTINGS: 53 Homes (NW Carmel = 3, NE Carmel = 17, Golden Rectangle = 9, SE Carmel = 7, Carmel Point = 9, Hatton Fields = 8), 6 Lots.

Carmel Highlands
  • ACTIVE LISTINGS: 17 Homes (4 Oceanfront), 6 Lots.

Quail Lodge/ Preserve
  • NEW SALE: 7044 Valley Greens Circle, List Price: $2.295M, DOM = 5

  • ACTIVE LISTINGS:  Quail Meadows = 1 Home, 0 Lots.  Quail Lodge = 2 Homes, 2 Lots.  The Preserve = 11 Homes, 47 Lots.

 
 
 

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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.