A lot of holiday energy in downtown Carmel last week. We had the annual Christmas tree lighting ceremony on Ocean Avenue, which is always a blast, and a great way to kick off the home stretch to the new year. While we’re still seeing the typical seasonal real estate slowdown, Carmel remains a prime holiday destination with hotel occupancy up and tourism remaining steady. We even have several out-of-town buyers headed here for the holidays- a good sign for next year.
Last week we saw some decent activity in downtown Carmel, with a total of 3 closed sales. The highest was at Santa Fe 4 SW of 3rd for $1.835M for about 1600 sq ft on a 4,000 sq ft lot. This represents the higher end of this pocket of Carmel, but with the curb appeal and lot orientation of the house, it was a great buy. There were also a total of 3 new sales, the highest of which was a 4,000 sq ft remodeled view home on Pradera Road in the coveted Carmel Meadows, from a list of $4.15M. This was not ocean front, but offered ocean views of Pt Lobos, Mission Ranch and Pebble Beach. The other two sales were downtown Carmel cottages listed at just under $1M.
Pebble Beach seems to have quieted first, as is typical this time of year. There was one closed transaction in Pebble Beach for $2M for a 4,000 sq ft home on Hawkins Way, which fronted on Spyglass golf course. There were no new pending sales.
