1Q20 Market Update
Mike Canning
DRE#01004964 831.596.1171 mike@mikecanning.com
Jessica Canning
DRE# 01920034 831.238.5535 jessica@canningproperties.com
Ellen Krausse
DRE# 02046046 831.204.2204 ellen@canningproperties.com
Nic Canning
DRE# 01959355 831.241.4458 nic@canningproperties.com
Brian Keck
DRE# 02070480 831.238.8730 brian@canningproperties.com
Overview In the words of Kierkegaard, “Life can only be understood backwards; but it must be lived forwards.” In this time of great uncertainty, we wanted to take a moment to study the days following the 2000 and 2008 crashes as we look ahead to the rest of 2020. The first quarter of 2020 saw nearly $163M in 64 closed escrows across Carmel, Pebble Beach, the Highlands, Quail and the Preserve. The first quarter is frequently a sleepier time in our area, so it’s not surprising to see a drop in activity from last quarter and even with all of the turbulence of the past month, we’re only down about 8% in volume when compared to 1Q2019 ($177M). Historically, we do often see a dip in activity and volume in the first year after a market crash, but that rebounded immediately the following year. For example, 2000 brought the biggest increase in deal volume going from 209 in 1999 to 406 in 2000. However, after the .com crash in 2001, that number fell to 226 deals, which is 44% less than 2000 but still an increase over 1999. The 2008 crash behaved similarly, but to a less exaggerated level; 2008 had 227 deals which fell to 202 the following year, but rebounded to 235 in 2010. Although this year is certainly different in many ways from any other, there is evidence to suggest that some version of this rebound will likely occur throughout this year and into next. Anecdotally, in speaking with our clients and other local agents, we haven’t seen any major price grinds for deals currently in escrow – some are asking for extensions to see how this plays out and others are excited to get it done so that the buyers can now enjoy this area immediately as a reprieve from their primary home. From a pricing standpoint, the median sales price for this quarter was $2.17M, which is up from last quarter and 1Q19 ($1.8M and $1.65M respectively) and the highest level we’ve seen in history. It is likely that we’ll see slower velocity across the entire price spectrum with the lower price brackets regaining traction faster than the top of the market. However, given that the current market is unique in that both buyers and sellers are simultaneously sidelined (rather than an influx of one or the other, which is what drives prices up or down) it’s too soon to know exactly what the impact on pricing will be. Even with everything that’s going on in the world, we’re seeing a surge in online activity of our website and are well positioned to rebound quickly with people looking for a vacation home that combines nature and privacy within driving distance, and families looking to move from the Bay Area to enjoy larger lots and great schools. It doesn’t take much to absorb our inventory, so this area might not play out the same way as Manhattan or San Francisco will. We’ll be posting weekly updates on the market on our website and social media pages as we learn more but feel free to reach out with any questions.
Market Overview
4-5
Pebble Beach
6-9
Carmel
10-13
Carmel Highlands
14-17
Quail Lodge / Quail Meadows
18-21
Santa Lucia Preserve
22-23
Featured Property: 1565 Riata Road, Pebble Beach
Market Insight All Regions
1Q2020 Sales by Price Range
64
Total Sales
Median Sales Price ($M) 1Q2020
Area
YoY% Change
$2.21
Carmel
4%
$5.20
Carmel Highlands
181%
$1.61
Pebble Beach
33%
$1.40
Quail
-24%
$4.25
Preserve
8%
$2.17
Overall
27%
$8M+
0
$6M - $8M
3
$4M - $6M
10
$3M - $4M
8
$2.5M - $3M
5
$2M - $2.5M
7
$1.5M - $2M
9
$1M - $1.5M
17
<$1M
5
Total Annual Sales
Average Sales Price ($M) 1Q2020
Area
YoY % Change
$2.72
Carmel
15%
$4.86
Carmel Highlands
163%
$1.98
Pebble Beach
-19%
$1.98
Quail
7%
$4.22
Preserve
7%
$2.74
Overall
15%
4 | Market Overview
Information believed to be reliable as obtained from the Monterey County Association of Realtors database and known off market transactions.
1Q2020 Update All Regions
# of Sales
Quarterly Sales by Region
Carmel
Sales Price Range
Carmel Highlands
Pebble Beach
Preserve
Quail
1Q19
1Q20
Oct-Mar 2019
Oct-Mar 2020
10 Year Ave. 10 Year Ave. 1Q Sales Oct-Mar Sales
<$1.0M
9
5
16
21
21
43
$1.0M-$1.5M
28
17
50
41
21
43
$1.5M-$2.0M
5
9
22
23
13
29
$2.0M-$2.5M
8
7
15
23
8
16
$2.5M-$3.0M
9
5
17
10
5
11
$3.0M-$4.0M
8
8
11
12
7
14
$4.0M-$6.0M
4
10
9
21
5
10
$6.0M-$8.0M
3
3
7
7
2
4
$8M+
1
0
1
3
2
4
Total Sales
75
64
148
161
84
175
Market Overview | 5
Pebble Beach Market Overview
Pebble Beach slowed this quarter to 16 deals, which is down 46% from 1Q19. Somewhat surprisingly, this does not appear to be related to COVID-19 as the dealflow was atypically slow all quarter. Pebble will often have a more quiet first quarter as this region tends to build momentum as the year progresses. The total investment came in at just under $30M this quarter, which is down 59% from the first quarter of last year. The deals that are getting done are clustered under $2M and value buys on great streets. MPCC continued to get the majority of deals with 10 closes, followed by Central Pebble at 4 and the Upper Forest with 2. We do anticipate increased momentum in Pebble, even given the circumstances, as there are already 8 deals in escrow with a couple more in the pipeline. Of the homes currently in escrow, 2 are priced from $3-4M and one north of $10M. Inventory has rebounded to a healthier level with 86 active listings, but sellers will have to adjust expectations as the region is still disproportionately heavy at the top with 15 priced north of $8M and 17 priced $4-6M. Homes are staying on the market longer this quarter, taking an average of 176 days to go into contract, which was the longest weâ&#x20AC;&#x2122;ve seen in over a decade for Pebble. Prices are adjusting accordingly to move inventory with the list discount notching up to 6.7%, which is the highest levels seen since 2011. The demand for quality product is there, but the power is clearly shifting toward a buyerâ&#x20AC;&#x2122;s market. The median sales price dropped to $1.54M this quarter, dipping back to 2015 levels. Historically, Pebble saw a quick drop in activity and prices the first year after a market crash, then stabilized in the second year and with prices slowly climbing back over the next 3-4 years. These are unprecedented times, though, so it will be interesting to see how the drive to own second home during this quarantine period, paired with a continued shift toward living in this area and telecommuting to the Bay will impact sales in Pebble. Our local markets are uniquely positioned to weather this storm well and potentially grow in 2020.
6
Featured Property Photo: 1505 Venadero Road, Pebble Beach 1505VenaderoRoad.com
1Q2020 Update Pebble Beach
1Q2020 Sales by Price Range 0 0 1 2 0 1 4 8 0
$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
16 Total Sales
$29.88M Total Dollar Volume
Get Smart
1Q2020 Snapshot
16 Units Sold in 1Q2020
176 Average Days on Market
59% decrease from 1Q19
78% decrease from 4Q19
47% decrease from 1Q19
60% decrease from 4Q19
57% increase from 1Q19
37% increase from 4Q19
1Q2020 Pebble Beach Sales 1152 Spyglass Hill Road 1410 Viscaino Road 1021 Adobe Lane 2816 Sloat Road 1260 Cantera Court 4157 Sunridge Road 2814 Raccoon Trail 2862 Congress Road 1081 Indian Village Road
$5,500,000 $3,200,000 $3,000,000 $2,076,000 $1,985,000 $1,675,000 $1,629,000 $1,600,000 $1,475,000
1062 Ortega Road 2821 17 Mile Drive 4103 Crest Road 1009 Wranglers Trail Road 1449 Viscaino Road 1087 Mariners Way Strawberry Hill Road
Indicates a Canning Properties Sale
$1,275,000 $1,125,000 $1,100,000 $1,100,000 $1,075,000 $1,050,000 $1,020,000
Pebble Beach | 7
# of Sales
Quarterly Sales by Region
Central Pebble Beach
6.7%
Average % off list price 1Q2020 Sales
Median Sales Price ($M)
MPCC
Upper Forest
1.2 increase from 1Q19
1.3 decrease from 4Q19
Average Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
1Q2020
$1.61
33%
1Q2020
$1.98
-19%
4Q2019
$2.03
29%
4Q2019
$3.58
65%
3Q2019
$2.30
13%
3Q2019
$3.14
-25%
2Q2019
$2.19
51%
2Q2019
$3.50
51%
1Q2019
$1.21
-19%
1Q2019
$2.43
-10%
8 | Pebble Beach
Featured Properties Pebble Beach
A Serene Work of Art 1505VenaderoRoad.com
Equisite Ocean View Estate 1565Riata.com
Stone Hollow Estate 1456Riata.com
Ocean View Hidden Retreat 3382LaurelesLane.com
Frontline MPCC 3124Hacienda.com
Carmel
Market Overview Carmel had a surprisingly strong quarter in 1Q with over $90M invested in 34 deals. Understandably, this is down from previous first quarter’s (43), as we spent the last several weeks under a shelter-in-place order in Monterey County. However, it’s off by just 5 deals when compared to 1Q19. The volume was actually up 1% from last quarter and down just a notch from 1Q19 ($92.3M closed). Although the first quarter of 2016-2018 each had over $100M invested, this quarter’s investment still surpasses the 10 year average of $82M. Carmel had considerable momentum in 1Q with 20 deals currently in escrow and set to close in April. Although there have been three deals fall out of escrow since the market turned, the vast majority of deals are getting extensions to finish due diligence and move-out once the SIP is lifted. The supply of new listings has been hampered since new photography and materials can’t be put together, but we do anticipate a good demand to meet those new listings that come to the market once the SIP is lifted as our online analytics have surged for Carmel listings. The tide continued to shift to buyers this quarter with sellers having to come off the list price by 5.4%, which is the highest level seen since 2012. Too many sellers were stretching their prices and the market has responded. Days on market stretched to 117 for sales that closed this quarter so buyers are more likely to wait until the sellers come around. This is a significant increase from the 70 days that we saw in 4Q19. The western part of Carmel continued to hold strong with increased investments across the Golden Rectangle, Carmel Point and Northwest Carmel. Carmel Point had $26.5M in sales this quarter, which was the most invested in over 5 quarters. The Golden Rectangle saw $28.8M in sales, which was a 79% increase over 4Q19 ($16M). Northwest Carmel continues to build momentum with $19.7M invested this quarter, which was the highest point since 2Q17. Historically, Carmel has done a very good job weathering disruptions in the national market. After the .com crash of 2000, median sales price actually increased in 2001 ($985K and $1M, respectively) , when the rest of the market fell. By 2008, prices had climbed 66%, only to drop 17% to $1.37M in 2009, and fully recovering by 2013. Prices now are more than twice what they were in 2000, showing that a local investment is both enjoyable and can be a smart long term decision.
10
Featured Property Photo: Casanova 3SE of 10th, Carmel-by-the-Sea Casanova3SEof10th.com
1Q2020 Update Carmel
1Q2020 Sales by Price Range $8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
34 Total Sales
$90.46M Total Dollar Volume
Get Smart
1Q2020 Snapshot
34
Units Sold in 1Q2020
117 Average Days on Market
0 2 4 4 5 6 4 8 1
2% decrease from 1Q19
1% increase from 4Q19
13% decrease from 1Q19
21% decrease from 4Q19
30% increase from 1Q19
67% increase from 4Q19
2020 Top Carmel Sales Scenic 4 NE of 13th 2507 16th Ave 4 Sand & Sea 26317 Scenic Road Carmelo 5 SW of 2nd Carmelo 4 SW of Ocean 26187 Camino Real Camino Real 4NE of 13th Lincoln 3 NW of 3rd
$7,800,000 $ 6,7 75 ,0 0 0 $5,500,000 $4,750,000 $4,700,000 $4,000,000 $3,600,000 $ 3 ,1 5 0,0 0 0 $3,000,000
Monte Verde 3 SE of 2nd Lincoln 4 NW of 13th San Antonio 4ne of 9th 2448 Bay View Avenue Casanova 2 NE of 9th Dolores 2 SW Of 11th Guadalupe 4 SW of 5th 2946 Santa Lucia Avenue San Carlos 2NE of Vista
Indicates a Canning Properties Sale
$2,972,500 $2,632,500 $2,600,000 $ 2 , 5 75 ,0 0 0 $2,520,000 $ 2 , 2 5 5 ,0 0 0 $ 2, 2 10,0 0 0 $ 2 ,1 9 5 , 0 0 0 $ 2 ,1 5 0,0 0 0
Carmel | 11
# of Sales
Quarterly Sales by Region
Carmel Point Northeast Carmel
5.4%
Golden Rectangle Northwest Carmel
Average % off list price 1Q2020 Sales
Median Sales Price ($M)
0.2 decrease from 1Q19
Hatton Fields Southeast Carmel
0.1 increase from 4Q19
Average Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
1Q2020
$2.21
4%
1Q2020
$2.72
15%
4Q2019
$1.68
-8%
4Q2019
$2.08
-6%
3Q2019
$1.65
-25%
3Q2019
$1.95
-22%
2Q2019
$2.05
6%
2Q2019
$2.32
1%
1Q2019
$2.13
10%
1Q2019
$2.37
2%
12 | Carmel
Featured Properties Carmel-by-the-Sea | Carmel Point
Golden Rectangle Estate Doloresand13th.com
Contemporary Carmel Cottage Casanova3SEof10th.com
Vacant Lot on Scenic 26319Scenic.com
Coming Soon - Scenic Road DiscreetProperties.com
Carmel Charm Casanova6SEof4th.com
Carmel Highlands Market Overview
The Carmel Highlands marketplace posted 3 sales throughout 1Q20, where buyers invested $14.77M across the Highlands and Meadows sub-regions. Even as activity stalled at quarter’s end, 1Q20 still outpaced 1Q19’s totals in both transactions and dollar volume (up 25% and 294% respectively). For the first time in 5 quarters, the Highlands saw 2 sales above $5M ($7.77M & $5.2M), which elevated the median sales price for the quarter to an impressive $5.2M – more than doubling any quarterly median sales price throughout 2019, which ranged from $1.27M to $2.2M. The available inventory in the Highlands receded in 1Q20 to just 13 currently listed (5 oceanfront) - down 50% from this time last quarter and 32% from 1Q19. Limited amount of opportunities for Buyers may offset some of the leverage that Buyers will likely gain during this pause in the market. Locally we’re experiencing a very small % of cancelled transactions since the Shelter-In-Place Order took effect. While there was only one cancellation in the Highlands, we’re keeping a close eye on this sub-region, which has $18.023M in escrow (all due to close in 2Q20) to see how the SIP Order impacts activity. Interestingly, the average days of escrow for all contingent deals in the Highlands is 98.8 days – over 60 days longer than standard. We’ll see how these longer escrows handle the challenges with the SIP Order – half of which are due to close in April. Looking back to the 2008-2012 time period for some insights, the Highlands market experienced a couple noteworthy patterns: Prices dipped 11% initially in ’09, but then climbed back by ’10 and stabilized; velocity stalled initially but rebounded later in ’09 and made a big leap in ’12; negotiations remained relatively firm as discounting stayed within 5% of List Price between ‘08’12. Although this is new territory for us all, if history is an indicator, the Highlands market should be poised to weather these uncertain times.
14
Featured Property Photo: 150 Oak Way, Carmel Highlands 150OakWay.com
1Q2020 Update Carmel Highlands
1Q2020 Sales by Price Range 0 1 1 0 0 0 1 0 0
$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
3 Total Sales
$14.57M Total Dollar Volume
Get Smart
1Q2020 Snapshot
3
Units Sold in 1Q2020
65 Average Days on Market
294% increase from 1Q19
49% increase from 4Q19
50% increase from 1Q19
25% decrease from 4Q19
72% decrease from 1Q19
20% increase from 4Q19
2020 Carmel Highlands Sales 30500 Aurora Del Mar 175 Sonoma Lane 2950 Ribera Road
$7,7 7 7,7 7 7 $5,200,000 $1,600,000
Indicates a Canning Properties Sale
Carmel Highlands | 15
Quarterly Sales by Region Carmel Meadows
# of Sales
Carmel Highlands
4.1%
Average % off list price 1Q2020 Sales
Median Sales Price ($M)
9.3 decrease from 1Q19
1.5 increase from 4Q19
Average Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
1Q2020
$5.20
181%
1Q2020
$4.86
163%
4Q2019
$1.27
-38%
4Q2019
$2.44
-20%
3Q2019
$1.82
-63%
3Q2019
$2.42
-62%
2Q2019
$2.23
1%
2Q2019
$2.56
0%
1Q2019
$1.85
-38%
1Q2019
$1.85
-45%
16 | Carmel Highlands
Featured Properties Carmel Highlands
New Contemporary Oceanfront 165Spindrift.com
Stylistic Ocean View Sanctuary 150OakWay.com
Artistic Oceanfront 36654Highway1.com
Modern Oceanfront Hideaway 36648Highway1.com
Quail Lodge/ Meadows & Preserve Market Overview
The overall Quail & Preserve markets had a record setting start to the year with 11 transactions, showing continued strength from 4Q19 and doubling its 1Q average (5.5). Total dollar volume was particularly strong in The Preserve, totaling $21.9m of the regions total $27.9m, also more than doubling itâ&#x20AC;&#x2122;s 1Q average ($9.3m). The Preserve had a record setting 1Q with 8 sales, blowing away itâ&#x20AC;&#x2122;s 1Q transaction average (2.1), totaling $21.9m. We are honored to have represented the sellers at 7 Corral Run, 32 Potrero Trl, 24 Potrero Trl and the buyers at 2 Long Ridge Trl. As the average discount off list price has grown to 8.7% and days on market remain high at 238, we remain in a buyers-market as valuebuyers seek great opportunities. Inventory of finished homes has shrunk in the past quarter by 33% to 10 active listings as vacant land inventories have grown, possibly leading to a shift in valueseeking lot buyers. We are also honored to have represented the seller of the lone sale in Quail Meadows in 1Q at 5465 Quail Meadows Drive, keeping QM on track for its annual transaction average (2.9). At just 3.1% off of list price and 237 days on market, the sale price was 26% lower than the 2019 median price due to its smaller size and dated style compared to the larger updated homes sold in 2019. As expected with low inventory, Quail Lodge slowed significantly from its 4 sales in 4Q19 to just 2 sales in 1Q20 and below its 1Q average (3.3). One deal is currently in escrow as the only other Quail Lodge home on the market. Deeper discounts (8% average) compounded with the recent stock market correction likely spurred sellers to pause and wait to bring new product to the market. Increasing demand from younger families and retirees for larger lots, mild climates, and fantastic schools outside of crowded cities should continue to propel this region forward.
18
Featured Property Photo: 39 Pronghorn Run, Carmel PronghornRun.com
Featured Properties Santa Lucia Preserve
Retreat with Panoramic Views PronghornRun.com
Timeless Single Level Hacienda 59RanchoSanCarlos.com
Retreat Close to Amenities GarzasTrail.com
Lot Close to Ranch Club 17ChamisalPass.com
476 Acre Ocean View Ranch 10RanchoSanCarlos.com
1Q2020 Update Quail Lodge/Meadows
1Q2020 Sales by Price Range 0 0 0 1 0 0 0 1 1
$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
3 Total Sales
$5.95M Total Dollar Volume
Get Smart
1Q2020 Snapshot
3
Units Sold in 1Q2020
168 Average Days on Market
61% increase from 1Q19
72% decrease from 4Q19
50% increase from 1Q19
50% decrease from 4Q19
6633% increase from 1Q19
183% increase from 4Q19
2020 Quail Lodge/ Meadows Sales 5465 Quail Meadows Drive $3,675,000 7027 Valley Knoll Road $1,400,000 7026 Valley Greens Circle #21 $875,000 Indicates a Canning Properties Sale
Quail Lodge / Meadows | 20
Quarterly Sales by Region Quail Meadows
# of Sales
Quail Lodge
7%
Average % off list price 1Q2020 Sales
Median Sales Price ($M)
6.7 increase from 1Q19
0.9 increase from 4Q19
Average Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
1Q2020
$1.40
-24%
1Q2020
$1.98
7%
4Q2019
$3.28
152%
4Q2019
$3.52
162%
3Q2019
$0.95
-46%
3Q2019
$1.62
-7%
2Q2019
$2.01
7%
2Q2019
$2.48
21%
1Q2019
$1.85
N/A
1Q2019
$1.85
N/A
21 | Quail Lodge / Meadows
1Q2020 Update Preserve
1Q2020 Sales by Price Range 0 0 4 1 0 0 0 0 3
$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
8 Total Sales
$21.91M Total Dollar Volume
Get Smart
8
Units Sold in 1Q2020
1Q2020 Snapshot
238 Average Days on Market
1Q2020 Preserve Sales Homes 6 Vuelo De Las Palomas 24 Potrero Trail 2 Long Ridge Trail 7 Corral Run 32 Potrero Trail
$4,650,000 $4,250,000 $4,250,000 $4,000,000 $3,928,800
Lots 34300 Robinson Canyon Rd 8 Corral Run 11 Arroyo Sequoia 27 Arroyo Sequoia 33 Arroyo Sequoia
$300,000 $275,000 $260,000 $200,000 $200,000
Indicates a Canning Properties Sale
Santa Lucia Preserve | 22
Quarterly Sales Preserve Houses
# of Sales
Preserve Lots
8.8%
Average % off list price 1Q2020 Sales
Median Sales Price ($M)
9.4 decrease from 1Q19
3.3 increase from 4Q19
Average Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
1Q2020
$3.96
1%
1Q2020
$2.74
-30%
4Q2019
$4.25
21%
4Q2019
$4.22
20%
3Q2019
$3.40
-35%
3Q2019
$3.40
-35%
2Q2019
$4.05
6%
2Q2019
$4.05
6%
1Q2019
$3.93
5%
1Q2019
$3.93
-9%
23 | Preserve
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Market Leaders Connected By A Powerful Brand. Amplified By An Exclusive Collaboration. Your local area specialist: Jessica Canning The Market Leaders is a select group of Sotheby’s International Realty top producing agents in strategic markets representing distinguished clientele and world class properties. We cross-market each other’s listings, convene on industry best practices, and share market intelligence. We provide proprietary marketing initiatives and greater exposure to top feeder markets and qualified buyers. Canada, Toronto - Andy Taylor CA, Coastal San Diego - Eric Iantorno CA, Los Angeles - Marc Noah CA, Lake Tahoe/Truckee - Jeff Hamilton CA, Malibu/Santa Monica - Shen Schulz CA, Orange County – Sean Stanfield CA, Pebble Beach/ Carmel - Jessica Canning CA, San Diego + Coast - K Ann Brizolis CA, San Francisco - Gregg Lynn CA, San Francisco - Neill Bassi CA, Santa Barbara/Montecito - Dusty Baker CA, Silicon Valley - Michael Dreyfus CO, Aspen/Snowmass - Chris Klug CO, Denver/Boulder - Josh Behr CO, Vail/Beaver Creek - Tye Stockton CT, Greenwich - Leslie McElwreath FL, Boca Grande - Rich Taylor FL, Destin - Blake Morar FL, Miami - Dennis Carvajal FL, Miami - Jorge Uribe FL, Palm Beach - Cristina Condon FL, Palm Beach - Frances Peter FL, Palm Beach - Todd Peter FL, South Florida - Mayi de la Vega
HI, Big Island of Hawaii - Dodie MacArthur HI, Big Island of Hawaii - Molly Harris IL, Chicago - Ryan Preuett IL, Chicago - Tim Salm MA, Boston - Beth Dickerson MA, Boston - Michael Carucci MA, Cambridge/Boston - Lauren Holleran NM, Santa Fe - Tim Van Camp NV, Lake Tahoe - Lexi Cerretti NV, Las Vegas - Kristen Routh-Silberman NY, Hamptons - Dana Trotter NY, New York City - Jeremy Stein NY, New York City - Nikki Field NY, New York City - Amanda Field Jordan TX, Austin - Kumara Wilcoxon TX, Austin/San Antonio - J Kuper TX, Dallas – Faisal Halum TX, Dallas - Bernard Uechtritz TX, Houston - Walter Bering UT, Salt Lake City - Thomas Wright WA, Bellevue/Seattle - Becky Gray WA, Seattle - Moira Holley WA, Seattle/Bellevue - Stacy Jones WI, Milwaukee – Peter Mahler Washington, D.C. - Michael Rankin
2019 Canning Properties Group Sales 3200 17 Mile Drive Represented: Buyer & Seller $21,000,000
5482 Quail Meadows Drive Represented: Buyer $4,187,000
157 Carmel Riviera Drive Represented: Seller $2,800,000
1552 Cypress Drive Represented: Seller $18,130,000
7 Corral Run Represented: Buyer & Seller $4,045,000
NW Corner of Casanova & Fraser Represented: Buyer $2,400,000
Casa Ladera Represented: Buyer & Seller $14,735,000
Lincoln 3 NW of Santa Lucia Represented: Buyer $3,995,000
130 Asilomar Boulevard Represented: Seller $2,462,000
3208 Stillwater Lane Represented: Seller $10,250,000
Lincoln 4 SW of 12th Represented: Seller $3,775,000
7054 Valley Greens Circle Represented: Buyer $2,300,000
15 Alta Madera Represented: Buyer $8,500,000
San Carlos 2 SE of 13th Represented: Buyer & Seller $3,700,000
26595 Canada Way Represented: Buyer $1,800,000
26325 Isabella Avenue Represented: Seller $7,287,500
1474 Viscaino Road Represented: Buyer $3,650,000
25233 Ward Place Represented: Seller $1,700,000
5493 Oak Trail Represented: Seller $5,884,820
26040 Ridgewood Road Represented: Seller $3,300,000
3019 Sherman Road Represented: Buyer $1,600,000
3301 17 Mile Drive, #15 Represented: Buyer & Seller $4,376,000
3 Holding Field Run Represented: Buyer & Seller $3,100,000
3572 Taylor Road Represented: Seller $1,550,000
Camino Real 2 NW of 4th Represented: Buyer $4,195,000
56 Spanish Bay Circle Represented: Buyer & Seller $3,025,000
1185 Santa Ana Street Represented: Buyer $670,000
*Source: Statistics pulled from MLS as of 1/1/20
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Featured Property Photo: 3414 17 Mile Drive, Pebble Beach