Carmel Real Estate News and Updates | Carmel Realty Company

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……

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……