Market Comments ~ Week of 4/21- 4/27

I apologize that I was unable to write my weekly comments last Monday. Here are my comments and the activity from last week-

Carmel had a total of 4 closed transactions; I continue to see the higher prices captured on Carmel Point, versus the Golden Rectangle. We had a closing for $3.3M on the backside of Carmel Point (not even the prime Point area) at 26276 Camino Real, which was a meticulous home of over 2600 sq ft with a light and bright, opened floor plan. A new construction, traditional design also sold for $2.575M at 2798 14th Ave, just around the corner from Carmel River School and the Carmel Mission Inn. We also had some action in and around the Carmel Woods area. Nothing in the Rectangle.  6 new sales in Carmel, 5 of which were in the downtown area. A slightly over-sized custom craftsman sold from an asking of $2.95M at Lincoln 4 NE Santa Lucia, with a small peak of the wetlands. A beautiful, ocean view, new-build with high ceilings and lots of light sold from an asking of $2.175M. There was a new spec that brought the market up in the South East area, and a couple of rustic cottages sold in the Northeast and Northwest areas.

Pebble Beach closed 3 sales last week with 1 on the estate side. Really interesting, heavy construction contemporary sold on Venadero for $2.65M. 2 new sales both in the Central Pebble Beach area; a borderline tear-down with ocean views on Rhonda from an asking of $1.737M, and a contemporary on Spyglass from an asking of $2.295M.

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