Market Comments ~ Week of 4/7 – 4/13
There were 7 closed transactions in the Carmel real estate markets last week, most notably a sale at Scenic 7 SW of Ocean for an older Carmel cottage with a split level floor plan and some ocean views for $2.7M. There was also an off-market sale at 26070 Ridgewood Road for a finished home in the Mission Trails Park area for $2.395M, a slightly undersized, remodeled home at Casanova 3 SE of 4th sold for $1.675M, a home in the High Meadows area East of Highway 1 sold for $1.165M, a view home at 24800 Outlook Drive sold for $1.05M in Carmel Views, a remodeler’s dream sold for $940K directly across the street from the Carmel Mission at 3009 Lasuen Drive and a sort of “Bohemian style” multi-unit, terraced property in the downtown area at Dolores 3 NW of 4th for $950K. The markets seem to be taking off with tax season coming to a close- as of this time there are 11 new pending sales from last week, most notably a large, high-end new construction home at 2992 Franciscan Way with gorgeous views over the top of Carmel Mission (no ocean views, however) from an asking of $3.595M. Other new sales of note in the prime markets were a smaller, rustic Carmel cottage on an over-sized lot at Camino Real 3 SW of 12th from an asking of $1.795M, and a very small but well placed 2 bed, 1 bath cottage at 9th & Monte Verde in the Golden Rectangle from an asking of $1.295M.
There were 3 closed transactions in the Pebble Beach real estate markets last week, most notably a sale at 2930 Bird Rock Road for a French Country home on the 3rd hole of the MPCC Dunes course at $2.2M. There was also a closed sale at 1056 Sawmill Gulch Road for a newer design at $1.65M, and a small mid-century basic in the Country Club East area for $799K at 2993 Sloat Road. As of now, there are only 2 new pending sales in Pebble from last week; a sale at 1440 Lisbon Lane at an asking of $1.575M and a nice remodel at 3065 Strawberry Hill Road from an asking of $1.499M.