It’s Always Quietest Before The Storm…
Carmel finally proved to us that it was, indeed, the holidays last week with zero, nada, closed transactions. It did however bless us with 3 new sales over the holiday week. I had a feeling this would be the case, indicated by the heavy buyer activity we were getting on either side of the big day- not a normal, annual thing. None of the 3 sales were in the high high end, but there was a sale of note on the South side of Santa Lucia near Camino Real, from a list of $1.585M. This was a very interesting, mid-century modern type of sophisticated, yet beach worn property. Surrounded in Cypress trees, it also boasted an incredible great room with double overhead ceilings and a fireplace fit for a manor. A very interesting piece. There was also a slightly larger than average family cottage on Lorca lane- a finished product with a well preserved exterior and yard- that sold from a list of $1.395M.
Pebble Beach had one closed escrow on Porque Lane, at $2.2M. On the smaller side for this area of Pebble, and an older with a light remodel, this home also had some views overlooking parts of Cypress Point Club and the ocean from a private hilltop. There was also 1 new sale in the Country Club area, under $1M.
They always say it’s quietest before the storm. Based on my reading, market knowledge and what’s happening up North in the Bay Area, I think in 2014 we will finally see some velocity in the high-end. Be safe tomorrow and here’s to an amazing 2014.