Revving up for Car Week

  • Canning Properties Group
  • 08/9/19
Which Car Week events will you attend this year? We’re looking forward to a fun-filled experience with over 50 automotive parties, auctions, and activities all over the Monterey Peninsula. The week commences with Concours on the Avenue, where contenders are displayed on Ocean Avenue in downtown Carmel by the Sea on Tuesday, 8/13 from 10:00 AM – 5:00 PM. The action-packed festivities wrap up with the main event, the “Concours d’Elegance”, which is held on the picturesque 18th Fairway at Pebble Beach on Sunday, 8/18 from 10:30 AM – 5:00 PM. For a full schedule of everything in between, please visit https://pebblebeachconcours.net/visitor-guide/event-calendar/schedule-by-day.html - we’ll see you there! We had another steady summer week in our local real estate market; below please find our market recap:
 
Pebble had 2 closings and 3 new sales this week: a recently constructed ocean view Spanish style villa across the street from MPCC sold for 2% off most recent list price or 9% off original list price ($4.55M) after 6 months on the market, as did a ‘70’s build on a cul-de-sac in the Upper Forest (sale price: $1.21M, 3% off most recent list price or 7% off original list price, DOM = 37). New sales included an 80’s built ocean view compound with separate guest quarters in Central Pebble which was on the market for a year (list price: $5.495M, original list price: $6.95M), a newly remodeled traditional family home with a comfortable floorplan (list price: $1.749M, original list price: $1.895M, DOM = 57), and a dated adobe on the 8th Fairway of MPCC’s Dunes Course which was on the market for just 3 days (list price: $1.188M).
 
Carmel experienced a productive week yet again with 8 closed escrows and 3 new sales. Closings included a rebuilt modern home sited a few blocks from Carmel Beach (sale price: $2.95M; 8% off most recent list price or 10% off original list price) which was on the market for 3 months, a sizeable home on an oversized lot across the street from Sunset Center (sale price: $3.0725M; 2% off most recent list price or 12% off original list price, DOM = 217), an updated overbuilt vintage home in the Golden Rectangle (sale price: $2.325M; 1% off list price, DOM = 56), a Mid-Century Modern cottage on an oversized lot near town (sale price: $1.92M, 4% off most recent list price or 13% off original list price, DOM = 167), a cute move-in-ready Contemporary cottage in NE Carmel which was on the market for just 5 days (sale price: $1.845M, 1% off list price), an ocean view condo on Mission & 4th in NW Carmel (sale price: $1.265M; 2% off most recent list price or 9% off original list price, DOM = 65), and a cozy 700 square foot Mid-Century Modern near Mission Trail Park which closed for $875K (full price – most recent list price, or 5% off original list price, DOM = 55). The 3 new sales in Carmel this week consisted of an oversized vintage cottage located 2 blocks from the beach which was on the market for 2 weeks (list price: $2.695M), an updated 1940’s-built cottage in NE Carmel (list price: $1.499M, DOM = 20), and a classic vintage beach house near downtown Carmel which was on the market for less than 2 weeks (list price: $1.2M).
 
There was 1 closing in the Highlands this week – an oceanfront home in the private enclave of Otter Cove, which clocked in at 3% off most recent list price or 9% off original list price ($5.295M) after 5 months on the market.
 
We have no activity to report this week in Quail or the Preserve.

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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.

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