Carmel sizzled last week….at least in the real estate market, if not in the temperature.  Eight properties went into escrow including 3 properties that had been lingering on the market over a year and a bungalow in the Carmel Point area that went into escrow quickly with a list price of $989K; others were in the $1.5M – $749K range.  Five properties closed escrow including an ocean view 1930′s restored Carmel Point classic residence with guest house that sold at … Continue reading April 1-6th in Carmel and Pebble Beach

The real estate activity pendulum swung the other way this week with Carmel blazing back to life.  Eight properties closed escrow in Carmel while 5 went into escrow.  The closings included a $4.1M sale on San Antonio at the edge of the Golden Rectangle while the rest were in the $1.2M-$500K range with one $825K short sale and a few cottages that went into escrow quickly.  The new sales were all in that very active $1M-$700K price range.  The 5 new … Continue reading March 23 – 30 in Carmel and Pebble Beach

Pebble Beach is dominating the luxury market lately and that is quite a change from last year when Carmel drove the high end while Pebble Beach stalled.  Four properties closed escrow in Pebble this past week, including an off-market property close to the Lodge that sold for $3.35M after having sold (also off-market) 9 months ago at $3M.  Two other closings came in at $2M each and one lonely <$1M listing closed. CRC brought on a spectacular 17 Mile Drive  … Continue reading March 16-23 in Carmel and Pebble Beach

Momentum of new sales in Carmel was sustained this past week with a $3.9M property north of Ocean Ave. going into escrow and 5 other homes in the <$1.5M range also selling; this very active segment of the market is still the most competitive one.  Four of these 6 new sales had ocean views, as always, a key driver in Carmel and Pebble Beach.  Two properties closed escrow at $525K and $480K as buyers snap these bargains up as soon … Continue reading March 9 – 16th in Carmel and Pebble Beach

Two $6.9M properties went into escrow this week: a Scenic Road property in Carmel on a double lot and an 2+ acre oceanfront property on Spindrift in the Carmel Highlands with two homes and access to a private beach. Another $3.4M ocean view property in the Highlands went into escrow this week: it is great to see this area having some activity after a somewhat lengthy slowdown. Another $2.4M property in Carmel went into escrow after over 2 years on … Continue reading March 2 – 9 in Carmel and Pebble Beach

March 2, 2012 The Carmel real estate market had another stellar week and, although 7 of the 8 new sales were in the <$1M price range, one new escrow was for a $4.59M property in the Golden Rectangle giving a boost to this segment of the market which has been slower coming alive in Carmel than it has been in Pebble Beach. A cottage outside of the GR sold immediately at $739K this week and another cottage in the GR … Continue reading Feb. 24 – March 2 in Carmel and Pebble Beach

Feb. 24, 2012 Carmel experienced a veritable surge in new sales this past week with ten properties going into escrow, perhaps as a result of the AT&T Golf Tournament but more likely these new sales are a result of some pent-up buyer demand coupled with a recalibration of seller expectations. Properties with ocean views dominated at the higher ranges, including a mid-century classic in the Carmel Meadows area with panoramic views going into escrow at $3.9M, a Carmel Highlands Mediterranean … Continue reading The week of Feb. 17 – 24 in Carmel and Pebble Beach

It’s not often that a new listing makes the front page of the local paper but that is exactly what happened this week as the new $79,000,000 Carmel Realty Company listing at 10 Carmel Way garnered mention on the front page of the Carmel Pine Cone. Needless to say, this iconic oceanfront compound is one of the most exceptional residential properties in the United States. Quite an honor for the Canning/Knoop Team to represent the sellers in this endeavor. As … Continue reading The week of Feb. 10 – 17, 2012 in Carmel and Pebble Beach

Whew! Another successful, if slightly damp, AT&T Golf Tournament has come and gone, leaving in its wake a few exhausted Realtors and a new batch of listings in both Carmel and Pebble Beach. Always a busy time for us with clients coming in to entertain family and friends and sometimes squeeze in a bit of time to look for their next real estate acquisition. And although we may not see a surge in new sales immediately, residual effects continue to … Continue reading The week of Feb. 4 – 11, 2012 in Carmel and Pebble Beach

For the first time since 2008, a property in Carmel sold over $6M….a beautifully restored Mediterranean on Scenic Rd. closed this week at $8.1M. While the lower price ranges in Carmel have been bustling with activity for the past 18 months or so, the high end has remained somewhat dormant even while Pebble Beach has seen some sporadic activity in this segment of the market. So this sale is a welcome one indeed, perhaps signalling an awakening in Carmel’s high … Continue reading This week in Carmel and Pebble Beach……