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……

Carmel activity surged this week with 7 new sales and 3 properties closing escrow while only 4 new listings came on the market.  2012 is certainly starting  off well with vigorous demand from buyers apparently eager to take advantage of some historic opportunities in pricing and financing. One of the more interesting new sales was on Camino Real as the La Playa Hotel sold one of its several residence buildings as a single-family home….listed and found a buyer immediately at $1.89M.  … Continue reading This week in Carmel and Pebble Beach……

Carmel Realty Company agents dominated the high-end real estate market in Pebble Beach this past week again by selling two elegant estates near the Lodge for $6.4M and $5.6M and also by bringing to market a classic Pebble Beach Mediterranean on Riata at $4.9M. CRC is also representing the seller of the stunning 17 Mile Drive Villa, Casa Robro, on the 2nd green of the PB Golf Links, offered at $17.5M.  Additionally, we are representing the seller of a 3-acre … Continue reading This week in Carmel and Pebble Beach…..

It is no “Friday the 13th” stunt when I tell you that this past week was the busiest one in our target areas of Carmel and Pebble Beach in quite some time….no joke!   We had 6 properties go into escrow in Carmel and 5 in Pebble Beach; while 3 of those sales were distressed, the rest were not.  That said, all of these new sales were in the under $1.5M range and 9 were under $1M.  Three of the sales … Continue reading This week in Carmel and Pebble Beach……

It’s always significantly more enjoyable to compile the annual real estate sales stats when they are positive and, indeed, the numbers are looking up for both the Carmel and Pebble Beach markets.  Both markets appear to be trending steadily upward with the number of transactions up in both markets.  Carmel has not had as many houses sell since the heady days of 2005 when 223 homes sold.  This year, 212 properties sold up from 173 in 2010.  Dollar volume was … Continue reading This year in Carmel and Pebble Beach……

As we close out 2011, the Carmel and Pebble Beach real estate markets are showing some seasonal slowing to cap off a quite busy year.  Really looking forward to compiling the end-of-year stats next week…should look good.  As for this past week, Carmel had 4 properties close escrow including a Carmel Point home with guest house at $2.1M and a triple-lot tear-down on Santa Rita for $900K that had gone into escrow right away. Two others closed at $800K and … Continue reading This week in Carmel and Pebble Beach….

Happy Holidays!  Along with Christmas presents, some Buyers were busy snapping up Carmel homes as 7 properties went into escrow this week, quite a robust showing.  Prices ranged from $1.7M to $475K with most neighborhoods in Carmel represented.  The notable exception was the Golden Rectangle but this is likely an anomaly rather than a trend as the Golden Rectangle is typically a very active neighborhood for sales.  A short sale in the Carmel Point area closed escrow at $1.8M and … Continue reading This week in Carmel and Pebble Beach…..

One of those quintessential Carmel cottages that appears in virtually every book about Carmel came on the market for the first time ever this past week at $1.5M.  Located directly across from the Carmel Mission, this cottage is renowned for its thatched roof and lush gardens.  Can’t wait to see the interior this coming week.  Also new on the market in Carmel was a more conventional cottage north of Ocean Ave. also listed at $1.5M and 3 bank-owned properties listed … Continue reading This week in Carmel and Pebble Beach….

The Carmel Point area had the most interesting offering this week with a very sophisticated contemporary home with ocean views coming on the market at a somewhat aggressive list price of $5.2M.  Will keep you posted on how the market reacts.  Another Carmel Point cottage-style home on a large lot came on at $1.9M and a fixer on Lincoln north of the Golden Rectangle was new to the market at $1.39M.  Another major fixer (scraper, we call them) north of … Continue reading This week in Carmel and Pebble Beach…..

The Carmel and Pebble Beach markets took something of a breather this past week after the very hectic Thanksgiving Day week; still plenty of activity, though most of it was in the under $1.5 price ranges.  The Carmel Point area continues to deliver with another property essentially selling off-market on Isabella close to the beach, offered at $1.49M. Over in the Golden Rectangle, a bank-owned property across from the La Playa Hotel came back on the market at $765K after … Continue reading