Week of 3/3 – 3/9 Market Comments ~ Carmel Real Estate & Pebble Beach Real Estate

This week’s numbers paint a pretty good picture of where things are heading for Carmel this season. While closed transactions were down to just 1, new sales jumped up in our Carmel real estate market to 9. Our single closing was in the Carmel Woods area on Santa Fe & 2nd for a nicely finished home at $1.6M. Of the 9 new sales, the most notable was a sale on Scenic & Ocean, just inside the Golden Rectangle, from an asking of $2.895M (some ocean views) and an oversized Carmel Point Cottage at 26138 Camino Real from an asking of $2.295M. Other sales included Lobos & 4th from an asking of $1.9M for an oversized artistic home, a smaller Carmel cottage on Torres & 10th from an asking of $1.196M, a Carmel Views home at 24800 Outlook Drive with Point Lobos Views from an asking of $1.195M, a mid-century home in the Hatton Fields area at 75735 North Mesa Drive from an asking of $1.125M, a good looking cottage in the Carmel Woods area at 24623 Upper Trails from an asking of $995k, another Carmel Views home at 26085 Dougherty Place from an asking of $729K and finally a small Carmel Woods cottage by Highway 1 at 24535 South San Luis Avenue from an asking of $452K.

Pebble Beach real estate showed a similar change in momentum with 3 closed transactions, and then a jump to 5 new sales. My favorite of the closed sales was an estate-style home between Spyglass and MPCC courses, and overlooking the 14th and 15th tees of MPCC, at 3189 Bird Rock Road for $2.5M. There was also a closed sale at 1555 Viscaino Road at $2.01M for a gracious gated estate with no views, and a well kept ranch-style home with an ocean glimpse and some decent perspective sold in the Spanish Bay area at 2872 Oak Knoll Road for $1.195M. Of the new Pebble Beach sales, the most notable was an architectural masterpiece with big ocean views in the Macomber Estates at 3235 Macomber Drive from an asking of $12.8M. An interesting contemporary offering near the Lodge just off 17 Mile Drive also was a new pending sale from an asking of $2.85M at 1545 Venadero Road. There was also a new sale at 2930 Bird Rock Road in the Country Club East area from an asking of $2.595M, 1403 Cantera Court from an asking of $1.995M and a home at 1135 Mestres Drive (also in the Country Club East area) sold from an asking of $1.265M.

It’s getting more competitive out there!



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