The best athletes in the world are competing to be called the greatest on Earth at the winter olympics in PyeongChang, South Korea this month. Always exciting to watch the best compete on the global stage. After being outperformed by Carmel for the first half of February, Pebble picked up its pace and seized the weekly crown this week. As always, a few highest from the week below:
Pebble had a respectable week with 3 closed escrows and 3 new sales – up from the previous weeks. The top closed escrow was a major fixer in a great location, just off of the frontlines of MPCC’s Shore Course – a rustic midcentury modern home with great potential that sold for $1.5M (12% off of List Price). The other closed escrows included a spec-play on Wildcat Canyon which borders Spyglass’s 13th fairway that closed at $1.2M (6% off of List Price) and a major fixer ranch style home in the Upper Forest that sold for $840K (6% off of List Price). We’re both honored and excited to represent the top new sale in Pebble (and across the board) this week – a stunning contemporary with ocean and golf views, overlooking Cypress Point and Fanshell beach, offered at $8.75M. The other new sales include a major fixer on Wildcat Canyon with a list price of $950K and another equally dated home in the Country Club East area offered at $899K.
New activity slowed in the prime parts of Carmel this week (1 new sale), while closed escrows kept a steady pace with 4 closed escrows. The top closed escrow came from the Carmel Woods area (Northern outskirts of Carmel) – a Mediterranean style home with expansive ocean views and a guest unit that closed at $2.583M (11% off of List Price). The other closed escrows included an updated cottage on a thoroughfare (Junipero Ave) that sold for an impressive $1.9M (2% off of List Price); a oversized and remodeled ranch style home in the Carmel Woods area that closed at $1.86M (11% off of List Price) and a project on2nd Ave (artery in NE Carmel) that sold for $1.21M (1% off of List Price). The lone new sale is a rustic midcentury modern home with ocean views and a detached guest unit, listed at $1.995M.
The Highlands had more activity this week with a frontline listing closing after being on the market for nearly 5 years. With expansive ocean views and an eclectic style, 56 Yankee Point Dr sold for $4.582M (8% off of List Price). The Highlands remains an active market with another sale due to close next week, which is encouraging to see as 2017 was a quiet year down the coast.
No news to report in the Quail or Preserve areas this week.