Week of 3/10 – 3/16 Market Comments ~ Carmel Real Estate & Pebble Beach Real Estate

Carmel real estate picked up the pace last week with 5 closed sales, most notably New England style cottage in the Golden Rectangle on the corner of San Antonio & 11th for $2.05M, with 2 beds and 2 baths, and a peek of the whitewater. Other interesting sales were a slightly over-sized vintage Carmel cottage closed on San Carlos & 13th for $1.2M, and a stunning remodel on a private knoll and surrounded by mature oaks in the Carmel Hills area accessed behind Carmel High for $1.1M. Major takeoff for Carmel with a total of 10 new sales, most notably a resale that fell out of escrow in the last week or two and went back under contract this week, at 26334 River Park Place near Carmel River School for a custom craftsman home at a list price of $2.15M. Since this home is outside of the Rectangle and the Point, and relatively close to the elementary school, the list price and quickness at which is went under contract is very indicative of the upward momentum of the market. There was also a sale at Monte Verde & 13th for a over-sized, well kept custom home at a list price of $2.095M.

Only a single closing for the Pebble Beach real estate market last week, at 1272 Padre Lane at $3.33M for a large floor plan and big views with excellent potential. Pebble picked up just a bit with 3 new pending sales, all of which were on the North side, and most notable of which was at 1050 The Old Drive for a modestly sized, remodeled classic Pebble Beach single level home from an asking of $1.375M. There was also at 4021 El Bosque Drive for an older but well maintained flat-roofed home at an asking of $1.15M, and a dated home at asking of $719K at 2967 Sloat Road.

Feeling some solid push in the Carmel market…….



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