2Q20 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 "Change alone is unchanging." – Heraclitus 2020 will certainly go down as a landmark year for change, both individually and as a community. The first half of this quarter was essentially locked down with just 3 deals closing in May across all of the regions that we track. However, it seems that buyers were spending that time re-evaluating priorities and their scenery, as we have seen a surge of demand come from the Bay Area at a pace never seen before. Frequently, the buyers are younger families looking to move down to our strong school districts and into larger, newer homes, at lower prices than what they can get in the Bay. We think this will have a significant impact on the culture down here as more neighborhoods are filling with full time residents. This is colliding with our seasonal demand for vacation houses, so we’re seeing increased interest on both fronts. Given that more people are looking to drive to their summer homes (rather than fly for family vacations), the type of house they’re looking for is also changing – there’s a strong preference for a private pool, more land, access to trails and outdoor activities, and home offices. As such, we’re seeing demand increase across Pebble, the Preserve, and deep into Carmel Valley. The stats included in this report only tell half the story as they represent those deals that went into escrow in May and were able to book in June. However, there have been 40 deals that already closed in July and another 78 set to close this year. We do not anticipate this pace to continue far into 2021 as the level of inventory, which was already tight at the beginning of this year, to continue to tighten and constrict velocity. For example, Pebble usually has approximately 93 active listings in the summer, across all price points, and currently only has 54. Similarly, there are only 8 active listings in the Golden Rectangle, where we usually see closer to 24 at this time of year. It's safe to say that the second half of this year will be equally difficult to predict with a pandemic, election, and economic uncertainty on the horizon. However, we don’t anticipate the root drivers of this demand changing significantly at this time.
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: 3290 17 Mile Drive, Pebble Beach 3290SeventeenMileDrive.com
Market Insight All Regions
2Q2020 Sales by Price Range
58
Total Sales
Median Sales Price ($M) 2Q2020
Area
YoY% Change
$1.70
Carmel
-17%
$6.10
Carmel Highlands
174%
$3.10
Pebble Beach
42%
$1.32
Quail
-34%
$0.62
Preserve
-37%
$2.24
Overall
9%
$8M+
4
$6M - $8M
4
$4M - $6M
1
$3M - $4M
12
$2.5M - $3M
3
$2M - $2.5M
8
$1.5M - $2M
8
$1M - $1.5M
12
<$1M
6
Total Annual Sales
Average Sales Price ($M) 2Q2020
Area
YoY % Change
$1.98
Carmel
-15%
$5.24
Carmel Highlands
104%
$4.24
Pebble Beach
21%
$1.42
Quail
-43%
$1.16
Preserve
-42%
$2.97
Overall
6%
4 | Market Overview
Information believed to be reliable as obtained from the Monterey County Association of Realtors database and known off market transactions.
2Q2020 Update All Regions
# of Sales
Quarterly Sales by Region
Carmel
Sales Price Range
Carmel Highlands
Pebble Beach
Preserve
Quail
2Q19
2Q20
Jan-Jun 2019
Jan-Jun 2020
10 Year Ave. 2Q Sales
10 Year Ave. Jan-Jun Sales
<$1.0M
6
6
15
12
23
44
$1.0M-$1.5M
26
12
54
32
24
45
$1.5M-$2.0M
15
8
20
17
17
29
$2.0M-$2.5M
16
8
24
15
9
17
$2.5M-$3.0M
10
3
19
9
6
12
$3.0M-$4.0M
8
12
16
20
8
15
$4.0M-$6.0M
10
1
14
12
5
10
$6.0M-$8.0M
2
4
5
7
2
4
$8M+
4
4
5
4
2
4
Total Sales
97
58
172
128
96
181
Market Overview | 5
Pebble Beach Market Overview
After a slow start to 2020 with just 18 sales in the first quarter, Pebble’s market gained strong momentum in June (14 sales) to close out the 2nd quarter with 21 total transactions (-46% YoY from 2Q19). Worth noting that Pebble saw just 1 closed escrow in May, which coincided with the strictest period of the County’s Shelter-In-Place (SIP) Order which limited Buyers’ access to properties. With $89.14M invested throughout 2Q20 ($65M+ in June alone) total dollar volume rose substantially over 1Q20 ($30M), yet still lagged behind 2Q19’s impressive total of $136.64M. The majority of this quarter’s deal flow occurred in the $3M-$4M price range (6 sales) and above $8M, where we saw 4 deals close at $13.5M, $10.89M, $10M and $8.995M. Contrary, the price ranges that saw the biggest slowdowns in deal flow relative to their quarterly averages included the $1M-$1.5M (down 71%) and under $1M (down 89%) price ranges. These price ranges essentially came to a halt (3 sales and 1 sale respectively) during 2Q20 due to their extremely tight inventory levels coupled with the SIP orders that hindered in-person showings. With the rising flight in demand from urban settings to more rural settings like what Pebble Beach has to offer, we are forecasting a continuation of this upward trend in activity for 3Q20 in Pebble. Exemplifying that trend, Pebble already has an impressive 21 deals in escrow at the outset of 3Q20 - ranging in list prices from $5.895M down to $550K. As the buy-side continues to outstrip supply, this signals a return to a Sellers’ Market (record-low 54 actively listed) and a reversal from the trend-lines in 1Q20 where buyers appeared to be gaining leverage in this extended up-cycle.
6
Featured Property Photo: 3116 Bird Rock Road, Pebble Beach 3116BirdRock.com
2Q2020 Update Pebble Beach
2Q2020 Sales by Price Range 4 1 1 6 2 1 2 3 1
$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
21 Total Sales
$89.14M Total Dollar Volume
Get Smart
2Q2020 Snapshot
21 Units Sold in 2Q2020
112 Average Days on Market
180% increase from 1Q20
35% decrease from 2Q19
17% increase from 1Q20
46% decrease from 2Q19
29% decrease from 1Q20
105% increase from 2Q19
2Q2020 Pebble Beach Sales 1540 Riata Road 1504 Bonifacio Road 3930 Ronda Road 1515 Riata Road 1032 Rodeo Road 1256 Padre Lane 1277 Padre Lane 1014 Vaquero Road 3181 Bird Rock Road
$13,500,000 $10,894,146 $10,000,000 $8,995,000 $6,600,000 $4,200,000 $3,698,000 $3,600,000 $3,333,000
1021 Matador Road 1450 Susan Way 3124 Hacienda Drive 1564 Deer Path Lane 61 Spanish Bay Circle 2852 Coyote Road 2852 Elk Run Road 1043 Mission Road 1061 The Old Drive
Indicates a Canning Properties Sale
$3,200,000 $3,100,000 $3,000,000 $2,950,000 $2,550,000 $2,225,000 $1,650,000 $1,555,000 $1,475,000
Pebble Beach | 7
# of Sales
Quarterly Sales by Region
Central Pebble Beach
6.3%
Average % off list price 2Q2020 Sales
Median Home Sales Price ($M)
MPCC
Upper Forest
to move, e u n ti n o c s g n listi As high-end es higher. g d e t n u o c is d the overall market is e th f o m o tt bo However, the t price now. lis e v o b a g in actually clos
Average Home Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
2Q2020
$3.15
44%
2Q2020
$4.43
27%
1Q2020
$1.54
27%
1Q2020
$1.85
-24%
4Q2019
$2.03
29%
4Q2019
$3.58
65%
3Q2019
$2.30
13%
3Q2019
$3.14
-25%
2Q2019
$2.19
51%
2Q2019
$3.50
51%
8 | Pebble Beach
Featured Properties Pebble Beach
The Point of Pebble Beach | 3290SeventeenMileDrive.com
Restored Pebble Beach Estate | 1536Venadero.com
Modern Single Level Sanctuary 1505VenaderoRoad.com
Quintessential MPCC Villa 3116BirdRock.com
Casa del Cerro 1631Sonado.com
Last Lot on Pebble Beach Golf Links 3414SeventeenMile.com
Carmel
Market Overview During 2Q20, the prime parts of Carmel saw a significant tapering from the 1st quarter with just $45.45M invested in 23 sales (down 55% and 39% QoQ respectively). As Carmel’s inventory levels tightened to historic lows in the first the half of the year, the County implemented strict COVID-19 guidelines that sidelined both Buyers and Sellers thus halting deal flow for the greater part of 2Q. The standstill in activity dropped this quarter’s total to nearly half of the 2Q 10-year averages for both transactions and volume ($97.73M and 50 sales). Similar to Pebble’s market, Carmel saw just 2 sales in May, then also rebounded in early June as the SIP orders lifted - posting 9 closed escrows and 21 new sales by the quarter’s end. This positive momentum propelled Carmel into 3Q20 as 7 deals entered escrow at the outset of July bringing the contingent total to $63.78M with list prices ranging from $7.249M down to $979K. As Buyers began to see signs that negotiations would favor them in 2020 (average % of sales off list price reached 5% in 1Q), that trend recoiled in 2Q with prices coming off list prices just 4.2% (10% tighter than 10-year 2Q averages). The hottest sub-market in this quarter was NW Carmel with 6 sales (high of $3.07M), followed by Hatton Fields, NE Carmel, and the Golden Rectangle - each posting 4 sales. The Carmel Point area fell behind with just 2 sales – in part due to its razor-thin inventory levels. The top of Carmel’s market saw the largest slowdown in 2Q with zero sales above $4M for the first time since 2Q14. Conversely, the lower price points ($1M-$2.5M) of Carmel’s market saw 85% of the activity in 2Q despite zero sales landing below the $1M threshold. As we enter the second half of 2020, which historically brings better weather and more tourists on vacation, we anticipate Carmel’s market to continue its upward trend in deal-flow throughout 3Q20.
10
Featured Property Photo: 26262 Isabella Avenue, Carmel Point 26262Isabella.com
2Q2020 Update Carmel
2Q2020 Sales by Price Range $8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
23 Total Sales
$45.45M Total Dollar Volume
Get Smart
2Q2020 Snapshot
23
Units Sold in 2Q2020
37 Average Days on Market
0 0 0 4 1 5 6 7 0
55% decrease from 1Q20
55% decrease from 2Q19
39% decrease from 1Q20
48% decrease from 2Q19
66% decrease from 1Q20
39% decrease from 2Q19
2Q2020 Top Carmel Sales 2457 Bayview Avenue Guadalupe 5SW of 5th Casanova 3SE of 10th Third 2NW of Dolores 26271 Isabella Avenue NWC 6th Ave & Santa Fe 4NE San Antonio Avenue 26080 Mesa Drive Lincoln 1NW of 5th
$3,805,712 $3,450,000 $3,200,000 $3,075,000 $2,925,000 $2,375,000 $2,300,000 $2,255,000 $2,250,000
San Antonio 2NE of 12th Casanova 2NW of 10th Dolores 2SE of 1st
$2,000,000 $1,900,000 $1,695,000 NEC Santa Fe & Mountain View St $1,650,000 Carpenter 2NE of 3rd $1,602,500 3334 Martin Road $1,575,000 Casanova 1SE of Palou $1,550,000 7th 2NW of Lincoln Avenue $1,240,000 24667 Dolores Street $1,148,600
Indicates a Canning Properties Sale
Carmel | 11
# of Sales
Quarterly Sales by Region
Carmel Point Northeast Carmel
Golden Rectangle Northwest Carmel
4.2%
Average % off list price 2Q2020 Sales
Median Home Sales Price ($M)
Hatton Fields Southeast Carmel
st rong ly r la u ic t r a p Demand is closing is h ic h w , M $1.5-$2 t price. s li f f o % .4 0 just
Average Home Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
2Q2020
$1.70
-17%
2Q2020
$1.98
-15%
1Q2020
$2.21
4%
1Q2020
$2.69
14%
4Q2019
$1.68
-8%
4Q2019
$2.08
-6%
3Q2019
$1.65
-25%
3Q2019
$1.95
-22%
2Q2019
$2.05
8%
2Q2019
$2.32
2%
12 | Carmel
Featured Properties Carmel Point
Incomparable Carmel Estate | 26262Isabella.com
Expansive Living on Scenic | 26263Scenic.com
Carmel Highlands Market Overview
The Highlands area extended an upward trend in activity with 5 closed escrows in 2Q20 – doubling that of the 1st quarter’s total while edging near its 10-year rolling 2Q average of 8.1 sales. With $26.2M invested across both the Meadows and Highlands in the 2nd quarter, the Highlands market edged near it’s previous 2Q record of $35.07M, which was set in 2014. The median sales price for the Highlands market rose again to $6.1M in 2Q20, up 25% from 1Q20 and a staggering 174% over 2Q19. This dramatic rise in median prices was amplified by a flurry of sales along the oceanfront, 4 of which sold above $6M. With 9 deals in escrow (totaling $46.08M in list prices) as we enter 3Q20, the Highlands market is poised to post another robust quarter in both total transactions and dollar volume. Worth noting that both categories would substantially outpace their respective 10-year 3Q averages (4.5 sales and $12.81M). Interestingly, even with the rise in demand and deal flow in 2Q, inventory rose as well from the previously quarter (up 61% QoQ) to 21 active listings (7 oceanfront). Those who sought shelter in the Highlands area during these unique times have come from across the country including Southern California, Arizona and Illinois. This represents a different demographic make-up from that in Pebble Beach and Carmel-By-The-Sea, where the Bay Area, San Joaquin Valley and Texas represent the majority of buyers. Big Sur is also showing great activity now, including our sale in Sea Meadow at $6.1M. As we continue to track the local, regional and national trends, we’ll keep a close eye on the Highlands market which is currently benefiting from the rising demand for rural ocean view settings.
14
Featured Property Photo: 150 Oak Way, Carmel Highlands 150OakWay.com
2Q2020 Update Carmel Highlands
2Q2020 Sales by Price Range 0 3 0 1 0 1 0 0 0
$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
5 Total Sales
$26.2M
Total Dollar Volume
Get Smart
2Q2020 Snapshot
5
Units Sold in 2Q2020
129
Average Days on Market
80% increase from 1Q20
46% increase from 2Q19
67% increase from 1Q20
29% decrease from 2Q19
100% increase from 1Q20
48% increase from 2Q19
2Q2020 Carmel Highlands Sales 164 Spindrift Road 42 Yankee Point Drive 36648 Highway 1 5 Mentone Road 9 Yankee Point Drive
$7,400,000 $6,995,000 $6,100,000 $3,300,000 $2,400,000
Indicates a Canning Properties Sale
Carmel Highlands | 15
Quarterly Sales by Region Carmel Meadows
# of Sales
Carmel Highlands
8.9%
Average % off list price 2Q2020 Sales
Median Home Sales Price ($M)
homes are t n o r f n a e c and o Ocean view e $6-8M th h it w d n dema strongest e th g in e list price, se f f o % .7 6 t ming in jus bracket co r. f last yea o t a th lf a almost h
Average Home Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
2Q2020
$6.10
174%
2Q2020
$5.24
104%
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%
16 | Carmel Highlands
Featured Properties Carmel Highlands
Land's End | 166Spindrift.com
Stunning Architecture & Breathtaking Views | 2645Ribera.com
Coastal Hideaway | 150OakWay.com
Quail Lodge/ Meadows & Preserve Market Overview
After a record setting 1Q20, the overall Preserve and Quail regions significantly cooled off in 2Q20 as inventory in both Quail Lodge and Quail Meadows remained low and strict COVID-19 restrictions sidelined sellers and buyers. Total deal flow came in at $11.23M with 9 sales (down 60% and 18% respectively from last quarter), however deal flow is up from 2Q19, when only 7 sales closed. We saw a shift in demand from finished homes to vacant land, represented by 5 homesites sales in The Preserve and 1 in Quail Meadows. With 1 home and 5 homesite sales, the Preserve witnessed strong 2Q20 deal flow, well above it’s 10-year average of 1 unit, respectively 70% of the total dollar volume for the region. With vacant land inventory remaining high and long days-on-market (thus being saturated), an average 15% discount off list price occurred. Heightened demand for The Preserve and privacy on more acreage has continued as there are 2 homes and 6 homesites in escrow. Vacant land prices have varied from $1.35m to $250k as the community is diverse and presents a wide range of options. We were honored to represent both the buyers and sellers at 55 Rancho San Carlos and 2 Garzas Trl, the buyers at 6 Rancho San Carlos, and the sellers at 14 Rancho San Carlos Road. We were also honored to represent the buyer of a rarely available homesite in Quail Meadows at 5474 Quail Way. With only one home and one homesite on the market, this area’s lone sale went quickly after just 3 days on market and 9% off list price, supporting the trend for more rural open space and privacy. With inventory already thin, the pace of Quail Lodge slowed down by 50% from 1Q20 as its lone sale fell well short of it’s average 2Q sales of 5 units; however, at just 4.5% off list price, it closed 5% above the average sale price. As demand for the area remains high, and inventory low, we anticipate smaller discounts and fewer days on market, exemplified by the current home in escrow which entered contract after just 8 days. After losing a large portion of the first half of the second quarter due to shelter in place restrictions, we have seen an extreme increase in buyer activity interested in larger estates, more rural open space and privacy, boosting projected deal flow for 3Q20. The thin Quail Lodge and Quail Meadows inventory will keep prices stable to slightly rising and may push buyers into The Preserve where more options are available.
18
Featured Property Photo: 59 Rancho San Carlos, Carmel 59RanchoSanCarlos.com
Featured Properties Santa Lucia Preserve In Escrow
Retreat with Panoramic Views | PronghornRun.com
Timeless Single Level Hacienda | 59RanchoSanCarlos.com
In Escrow
Retreat Close to Amenities | GarzasTrail.com
In Escrow
Lot Close to Ranch Club 17ChamisalPass.com
476 Acre Ocean View Ranch 10RanchoSanCarlos.com
2Q2020 Update Quail Lodge/Meadows
2Q2020 Sales by Price Range 0 0 0 0 0 1 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
$4.27M
Total Dollar Volume
Get Smart
2Q2020 Snapshot
3
Units Sold in 2Q2020
62
Average Days on Market
28% decrease from 1Q20
57% decrease from 2Q19
even with 1Q20
25% decrease from 2Q19
63% decrease from 1Q20
35% decrease from 2Q19
2Q2020 Quail Lodge/ Meadows Sales 7061 Valley Greens Circle 5474 Quail Way 7020 Valley Greens Drive, #11
$2,000,000 $1,320,000 $950,000
Indicates a Canning Properties Sale
Quail Lodge / Meadows | 20
Quarterly Sales by Region Quail Meadows
# of Sales
Quail Lodge
4.5%
Average % off list price 2Q2020 Sales
Median Home Sales Price ($M)
ing room t ia t o g e n seeing t We're st ill re rising a a s e ic r p hough in Quail, alt e market. h t g in t s e t ce, a brisk pa Average Home Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
2Q2020
$1.48
-27%
2Q2020
$1.48
-40%
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%
21 | Quail Lodge / Meadows
2Q2020 Update Preserve
2Q2020 Sales by Price Range 0 0 0 1 0 0 0 1 4
$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M
6 Total Sales
$6.96M
Total Dollar Volume
Get Smart
6
Units Sold in 2Q2020
2Q2020 Snapshot
408 Average Days on Market
2Q2020 Preserve Sales Homes 6 San Clemente Trail
$3,700,000
Lots 55 Rancho San Carlos Road $1,350,000 6 Rancho San Carlos Road $695,000 14 Rancho San Carlos Road $550,000 11 Mesa Trail $410,000 2 Garzas Trail $250,000
Indicates a Canning Properties Sale
Santa Lucia Preserve | 22
Quarterly Sales Preserve Houses
# of Sales
Preserve Lots
16.2%
Average % off list price 2Q2020 Sales
Median Home Sales Price ($M)
ou t g cleared in tt e g is ntory Older inve in mult iple g in lt u s e r , nd e in dema with a spik gs. some listin offers on
Average Home Sales Price ($M)
Quarter
Median
YoY % Change
Quarter
Average
YoY % Change
2Q2020
$3.70
-9%
2Q2020
$3.7
-9%
1Q2020
$4.25
8%
1Q2020
$4.22
7%
4Q2019
$3.4
-3%
4Q2019
$3.4
-3%
3Q2019
N/A
N/A
3Q2019
N/A
N/A
2Q2019
$4.05
6%
2Q2019
$4.05
6%
23 | Preserve
#1
TEAM NATIONALLY
#1
TEAM IN MONTEREY COUNTY
Among Sothebyâ&#x20AC;&#x2122;s International Realty
Among All Teams
#12
TEAM NATIONALLY BY DOLLAR VOLUME Among Medium Sized Teams
WORK WITH A TEAM; WORK WITH THE BEST *Source: 2019 REAL Trends, The Wall Street Journal, and The Thousand Rankings.
2020 Canning Properties Group Sales 165 Spindrift Road
Carmel Highlands
Buyer & Seller
$16,100,000
1504 Bonifacio Road
Pebble Beach
Buyer & Seller
$10,894,146
Scenic 4NE of 13th
Carmel
Seller
$7,800,000
30500 Aurora Del Mar
Carmel Highlands
Seller
$7,7 7 7,7 7 7
36648 Highway 1
Carmel Highlands
Buyer & Seller
$6,100,000
1152 Spyglass Hill Road
Pebble Beach
Buyer
$5,500,000
1456 Riata Road
Pebble Beach
Seller
$5,400,000
26317 Scenic Road
Carmel
Seller
$4,750,000
8275 Carina
Carmel
Seller
$4,396,750
24 Potrero Trail
Santa Lucia Preserve
Seller
$4,250,000
2 Long Ridge Trail
Santa Lucia Preserve
Buyer
$4,250,000
NW Corner of Dolores & 13th
Carmel
Seller
$4,195,000
7 Corral Run
Santa Lucia Preserve
Seller
$4,000,000
32 Potrero Trail
Santa Lucia Preserve
Seller
$3,928,800
2457 Bay View Avenue
Carmel
Buyer & Seller
$3,805,712
36654 Highway 1
Carmel Highlands
Seller
$3,700,000
5465 Quail Meadows Drive
Carmel
Seller
$3,675,000
Casanova 3SE of 10th
Carmel
Seller
$3,200,000
3124 Hacienda Road
Pebble Beach
Seller
$3,000,000
Monte Verde 4NE of 3rd
Carmel
Buyer
$2,972,500
931A W. Carmel Valley Road
Carmel Valley
Seller
$2,470,000
2852 Coyote Road
Pebble Beach
Buyer
$2,225,000
250 Calle De Los Agrinemsors
Carmel Valley
Buyer
$1,850,000
Crespi 6SE of Mountain View
Carmel
Seller
$1,847,000
Mission 2NW of Santa Lucia
Carmel
Seller
$1,350,000
55 Rancho San Carlos Road
Santa Lucia Preserve
Buyer & Seller
$1,350,000
5474 Quail Way
Carmel
Buyer
$1,320,000
Mission 3NE of 11th
Carmel
Buyer
$1,145,000
6 Rancho San Carlos Road
Santa Lucia Preserve
Buyer
$695,000
14 Rancho San Carlos Road
Santa Lucia Preserve
Seller
$550,000
2 Garzas Trail
Santa Lucia Preserve
Buyer & Seller
$250,000
33 Arroyo Sequoia
Santa Lucia Preserve
Seller
$200,000
27 Arroyo Sequoia
Santa Lucia Preserve
Seller
$200,000