Summer Staycation

  • Canning Properties Group
  • 07/29/19
We love where we live and are grateful for opportunities to enjoy our surroundings on the Central Coast. Originally coined in the early 2000’s, the term “staycation” implies the best type of vacation – one that does not involve the stress of travel, packing, or a long flight/drive. Staycations don’t necessarily mean hanging out around the house; local dining, leisure, and entertainment can serve economic benefits to our community. What are your weekend plans? We hope you enjoy a couple of days of reprieve, wherever you may be. We will be staying in town! Below please find a recap of this week’s activity in our local real estate market.
 
Pebble’s week was on the quiet side with no closings and 2 new sales: a 15-year-old Custom Spanish style home in Central Pebble went into contract with an ask price of $3.475M after roughly 1 month on the market as did an MPCC golf front home located on the 2nd Fairway of the Shore Course (list price: $1.595M, DOM = 156).
 
Carmel had a steady week reporting 4 closed escrows and 5 new sales. Closings included a 3-year-old home on an oversized lot across the street from Sunset Center which was on the market for 7 months (sale price: $3.0725M, 2% off most recent list price or 12% off original list price), a rebuilt Mid-Century Craftsman style cottage in the Golden Rectangle (sale price: $2.75M, 5% off most recent list price or 11% off original list price, DOM = 154), a cozy updated cottage in SE Carmel which sold for less than 1% off list price ($1.365M) after less than a week on the market, and a large dated home on a sizeable lot on Highway 1 across from Carmel High School closed at 2% off most recent list price or 15% off original list price for $1.275M after 8 months on the market. New sales in the region consisted of: an oversized updated 1920’s built cottage in the Golden Rectangle just 4 blocks from the beach (list price: $2.35M, DOM = 56), a centrally located Mid-Century home with a guest house which was on the market for 3 months (list price: $1.925M), a cute vintage cottage in the Golden Rectangle which went into contract off market with an ask of $1.625M, a cozy NE Carmel cottage with detached guest structure which was on the market for less than a month (list price: $1.335M), and a snug storybook cottage on Carpenter (list price: $949K, DOM = 56).
 
The Highlands and Carmel Meadows reported some activity this week with 1 closing and 1 new sale. A vintage fixer with valley views on Ribera Road sold for a 12% discount off ask at $1.164M after 10 days on the market this week. The new sale was a 90’s-built ocean view Contemporary perched on the hill of San Remo Road, which went into escrow after approximately 2 months on the market with a list price of $2.25M.
 
A Quail Lodge condo unit went into contract after less than 1 month on the market with an ask of $955K. There was no other movement in Quail or the Preserve this week.

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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