From the desk of Nicole Truszkowski, your Weekly Luxury Market Report for Carmel and Pebble Beach Real Estate for the week of November 5, 2015.
Hope everyone had a safe and fun Halloween! I can’t believe it’s already November, the holiday season is right around the corner! There are ONLY 7 weeks until Christmas! Now that I’ve officially freaked you out, lets get to the business at hand, luxury real estate. We observed fewer days on the market this past week in both Carmel and Pebble Beach real estate markets.
Pebble Beach Real Estate
The number 4 was Pebble Beach’s lucky number this week with 4 new listings, escrows and sold properties. One worthy listing of note that shot on to the market this past week is a gorgeous, immaculately maintained home on the Old Drive close to the MPCC. This home features a 2.45 million price tag and was last sold in 2008 for 1.45 million. In 2011 this abode saw a complete renovation and the sellers are hoping to get that money back with a million dollar increase in value! Three out of the 4 new escrows this week, spent 15 days or less on the market. The property I wrote about last week on Vernadero with the 20 extra units of water, went pending in 1 day and is scheduled to close November 30th. Be sure to check in later to see what the final sales price was, remember it was listed for 2.395 million. Lastly, two of the 4 homes that closed escrow this week were in the 1.2 – 1.43 million-price range, spending less than 13 days on the market. As mentioned in a previous post, this price range is the “Sweet Spot” for selling quickly in Pebble Beach.
Click on the link to search the most up-to-date information on available Pebble Beach homes for sale.
Carmel Real Estate
The Carmel luxury real estate market saw 9 new listings, including a stunning Carmel Highlands home that was inspired by Frank Lloyd Wrights creation, “Falling Water” and sits on a gated 25 acre parcel with views of Point Lobos, Carmel Bay and Pebble Beach. This home has been on and off the market since 2009 where the original list price started at 9.888 million. It is now more reasonably priced at 5.575 million. 14 luxury listings went pending this past week, with 8 of them spending 30 or less days on the market. Finishing out the week were 8 homes that closed escrow. Of notable mention was the home at 25560 Via Malpaso that closed escrow this week, this estate was listed on and off the market since 2011, taking almost 4 years to sell this baby. Starting list price in 2011 was $3,795, and final sales price was 3.25 million, lucky for the sellers not a major drop in final sales value during the 1460 days it sat fat on the market. The home was lovely, newer construction & situated on the prestigious Tehama golf course. Sometimes even pretty houses take longer to sell in our area, go figure we are NOT the Bay area. All the more reason to read our blog and stay in tune with our unique luxury real estate market updates!
Click here to search the latest available Carmel homes for sale.
That’s all for this week! Stay tuned for next weeks luxury market update, until then, here’s what’s going on around town this weekend:
- 11/6 – Johnny Lang at the Golden State Theater, Monterey
- 11/7 – 6th Annual Veterans Day Celebration at Marina Equestrian Center Park
- 11/7 – Flavors of Pacific Grove at the Inn at Spanish Bay
- 11/8 – Big Sur Half Marathon
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