Carmel

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