News

Spring Selling Season is almost here!

We can feel Spring season coming upon us with reawakened interest in the high end markets! I’m hoping for more inventory to match demand. I myself have a 3 bed, 2 bath view home on Tierra Grande in the Valley coming to market next week. Expansive views in need of just a little updating. I expect it to sell rather quickly.

The downtown Carmel area picked up the pace last week with 4 out of 8 Carmel closings in actual Carmel-by-the-Sea city. One sale was at $2.4M for about 2600 sq ft on a slightly undersized lot, North of Ocean and on Monte Verde. A really nice, new build on Mission and 11th sold for $1.7M for 1600 sq ft on a standard 4000 sq ft lot. Only 1 new pending sale listed at $1.95M  on Camino Real and 4th, just about 2 blocks North of Ocean.

Pebble Beach saw 3 closed transactions- none on the estate side, but there was a huge one bedroom house of glass with guesthouse on Padre Lane that closed at $4.1M. Unique to say the least. There was only one pending sale in Pebble, also on Padre Lane, which was a dialed, large home right above the Lodge listed at $8.295M. There was one lot sale on Forest Lake Road on about an acre for $830K. We didn’t see the same activity in Pebble as we did in Carmel, but it still continues to show gains, as well as a notable turnaround in the high end.

A slower week for sales in Carmel Valley, but not for lack of buyers! Inventory remains incredibly low under the $1.5M range, with a lot of lookers! Only one closed sale last week, and it was in the 55+ area of Del Mesa. On the up side, even with the lack of inventory, Carmel Valley had 6 new sales, one of which was in Quail Meadows at a list of $2.195M.

Only 1 new sale in the Highlands on Oak way for a small cottage listed at $1.195M with peaks of the ocean.

Things are heating up!

Best,

Ryan

Please Note: While delighted to respond to real estate related inquiries, Ryan is not particularly interested in being contacted by persons with a specific interest in any “celebrity” affiliations.
Photography and Design Copyright Ryan Melcher. All Rights Reserved. This website may not be reproduced or transmitted in any form without the consent of the publisher.
Scroll to top
Translate »