Throw on your Lederhosen and lace up your dirndl – Monterey Bay Oktoberfest occurs this weekend at the Barnyard in Carmel. Events are underway Saturday, September 14 from 12-6PM. Enjoy German beer, Bavarian food, the crowning of Miss & Jr. Miss Oktoberfest, keg races, and a stein holding contest with our sunny late summer backdrop. One of the most famous celebrations in Germany and the largest festival in the world, the Oktoberfest tradition is all about fun. To purchase tickets visitwww.oktoberfestmontereybay.com. Enjoy!
Pebble wound down this week, clocking in just 3 closed escrows and no new sales. Closings included a polished Contemporary cabin in the Macomber Estates neighborhood which sold for $4.6M (a 11% discount off most recent list price or 20% off original list price) after 8 months on the market, an updated ‘70’s-built ocean view Contemporary in the Upper Forest (sale price: $1.78M, 6% off list price, DOM = 44), and a remodeled vintage hacienda near MPCC sold for just 1% ($1.333M) off list price after 3 weeks on the market.
Carmel had an eventful week, reporting 5 of the 8 total closings and 6 of the 7 listings going into contract this week. The closed escrows in the region this week were: a tasteful move-in-ready cottage in the Golden Rectangle which clocked in at $2.775M after 5 months on the market (7% off most recent list price or 13% off original list price), a 1950’s-built Hatton Fields compound on ¾ acre which was on the market for 2 months (sale price: $2.85M, 2% off list price), an updated family friendly home on Highway 1 (sale price: $1.6M, 5% off most recent list price or 15% off original list price, DOM = 37), a cute cottage with whimsical gardens near Forest Hill Park in NW Carmel (sale price: $1.463M, 9% off most recent list price or 15% off original list price, DOM = 60), and a cozy and creative vintage cottage in inner NW Carmel which was on the market for less than 2 weeks (sale price: $1.257M; $57K+ above ask). New sales in Carmel this week included a sizable ‘80’s-built Contemporary on a 30,000 square foot lot in Hatton Fields with views of Point Lobos and the Mission (list price: $2.975M, DOM = 181), an updated vintage Farmhouse in NE Carmel which was on the market for less than 2 weeks (list price: $2.127M), an oversized English style home on an extra wide lot in NE Carmel (list price: $1.895M, DOM = 235), a dated cottage in the Golden Rectangle which went into escrow 2 days after it hit the market (list price: $1.65M), a partially updated circa 1950’s home located 3 blocks from town (list price: $1.05M, original list price: $1.395M, DOM = 129), and a cute Mid-Century home in NE Carmel with easy access to Hwy 1 which was listed for 2 months (list price: $995K).
Canning Properties Group is honored to represent the sellers of the new escrow in the Preserve this week – a striking hacienda style compound sited on 3.5 acres overlooking the 8th Fairway (list price: $5.995M, DOM = 844). There was no other activity to report in the Preserve this week.
