3Q20 Market Update

Page 1




3Q2020

Area

YoY% Change

$2.58

Carmel

32%

$2.93

Carmel Highlands

39%

$3.60

Pebble Beach

15%

$2.44

Quail

51%

$2.29

Preserve

35%

$2.92

Overall

24%

3Q2020

Area

YoY % Change

$2.14

Carmel

30%

$1.90

Carmel Highlands

27%

$2.10

Pebble Beach

-9%

$2.15

Quail

126%

$1.18

Preserve

-31%

$2.10

Overall

22%

$8M+

8

$6M - $8M

11

$4M - $6M

22

$3M - $4M

26

$2.5M - $3M

15

$2M - $2.5M

28

$1.5M - $2M

39

$1M - $1.5M

35

<$1M

25


Sales Price Range

Jan-Sept 2020

10 Year Ave. 3Q Sales

10 Year Ave. 9 Month Sales

3Q19

3Q20

Jan-Sept 2019

<$1.0M

12

25

27

37

22

66

$1.0M-$1.5M

21

35

75

67

24

68

$1.5M-$2.0M

25

39

45

56

16

45

$2.0M-$2.5M

7

28

31

43

11

28

$2.5M-$3.0M

13

15

32

24

7

18

$3.0M-$4.0M

12

26

28

46

9

24

$4.0M-$6.0M

4

22

18

34

6

16

$6.0M-$8.0M

2

11

7

18

2

7

$8M+

2

8

7

12

2

7

Total Sales

98

209

270

337

100

280


6


$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M

6 5 8 4 4 8 12 11 11


Quarter

Median

YoY % Change

Quarter

Average

YoY % Change

3Q2020

$2.40

4%

3Q2020

$4.00

24%

2Q2020

$3.20

58%

2Q2020

$4.53

27%

1Q2020

$1.60

32%

1Q2020

$1.93

-23%

4Q2019

$2.06

34%

4Q2019

$3.73

74%

3Q2019

$2.30

23%

3Q2019

$3.22

-25%




$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M

1 4 6 16 10 13 19 16 3


Quarter

Median

YoY % Change

Quarter

Average

YoY % Change

3Q2020

$2.18

32%

3Q2020

$2.61

33%

2Q2020

$1.70

-17%

2Q2020

$1.98

-15%

1Q2020

$2.21

3%

1Q2020

$2.69

12%

4Q2019

$1.80

-2%

4Q2019

$2.14

-3%

3Q2019

$1.65

-25%

3Q2019

$1.97

-21%




$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M

1 1 2 2 1 4 7 4 1


Quarter

Median

YoY % Change

Quarter

Average

YoY % Change

3Q2020

$1.90

5%

3Q2020

$3.09

28%

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%





$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M

0 0 1 0 0 3 1 0 0


Quarter

Median

YoY % Change

Quarter

Average

YoY % Change

3Q2020

$2.10

-20%

3Q2020

$2.44

-7%

2Q2020

$2.00

-1%

2Q2020

$2.00

-19%

1Q2020

$2.54

37%

1Q2020

$2.54

37%

4Q2019

$4.55

148%

4Q2019

$4.03

119%

3Q2019

$2.64

48%

3Q2019

$2.64

40%


$8M+ $6M - $8M $4M - $6M $3M - $4M $2.5M - $3M $2M - $2.5M $1.5M - $2M $1M - $1.5M <$1M

0 1 5 4 0 0 0 4 10


Quarter

Median

YoY % Change

Quarter

Average

YoY % Change

3Q2020

$4.30

100%

3Q2020

$4.57

100%

2Q2020

$3.70

-9%

2Q2020

$3.70

-9%

1Q2020

$4.25

8%

1Q2020

$4.22

7%

4Q2019

$3.40

-3%

4Q2019

$3.40

-3%

3Q2019

$0.00

-100%

3Q2019

$0.00

-100%


Sotheby’s International Realty Announces Record Sales Volume for Canning Properties Group

Over 299 Million Closed in 2020

#1 Team in Monterey County #1 Team in Carmel, Pebble Beach

Carmel Highlands & The Preserve

Jessica Canning, Nic Canning, Ellen Krausse, Mike Canning, Katie Kinsey, and Brian Keck

Ca rmel, Cali fo rni a – OCTOBE R 9, 2020 S o the by’s Inte rn ati o na l Re a l ty-Mo nte rey Pe n in sula today an nounce d re c o rd re s i d e nti a l re a l e state s a les activity for th e i r to p p ro d uc i ng te a m , C a nn in g Prope rti e s G ro up i n Ca rm e l , Ca l i forn ia. C a nn in g Prope rti e s G ro up i s a h i gh ly re c o gn iz ed tea m of luxury re a l e state p ro fe s s i o na l s wh o re p rese n t b uye rs a nd s e l l e r s th ro ugh o ut th e Mon te rey Pe n in sul a .

Leveraging the best technology to create targeted online campaigns and to track user behavior, the multi-generation team has been recognized in the top 10 residential sales team in the United States as well as consistently ranked as Sotheby’s International Realty’s top sales team. With over 30 years of experience and a background in real estate law, the team is well equipped to represent the most distinguished clientele.

S o the by’s Inte rn ati o na l Re a l ty s a i d th at th e tea m, c om prise d of top p ro d uc e r s Mi ke Ca nni ng, Jessica C a nn in g, Nic Can ni ng, Br i a n Ke c k a nd El l e n Kra usse have surpa s s e d $ 2 9 9 M i n s a l e s , e a rn in g th e # 1 position in vo l um e s a l e s fo r Ca rm e l , Pebble B ea ch, The Pre se rve, a nd Ca rm e l Hi gh l a nd s, holdin g th e #1 pos i ti o n i n re s i d e nti a l p ro p e rty s a les for Mon te rey Co unty.

2020 has been a year of unprecedented economic challenges caused by COVID -19, California wildfires and resulting insurance challenges, yet sales on the Monterey Peninsula have accelerated as the migration out of city and into the resort coastal areas continues. Sotheby’s International Realty-Monterey Peninsula is recognized as the #1 ranked brokerage for year-to-date sales volume in Monterey County.

For the Best in Pebble Beach and Carmel MIKE CANNING, JESSICA CANNING, NIC CANNING, ELLEN KRAUSSE, & BRIAN KECK 831.238.5535 | TEAM@CANNINGPROPERTIES.COM | CANNINGPROPERTIES.COM


3188 17 Mile Drive

Pebble Beach

Buyer

$24,875,000

165 Spindrift Road

Carmel Highlands

Buyer & Seller

$16,100,000

1231 Padre Lane

Pebble Beach

Buyer

$13,900,000

1504 Bonifacio Road

Pebble Beach

Buyer & Seller

$10,894,146

3418 17 Mile Drive

Pebble Beach

Seller

$9,000,000

Scenic 4NE of 13th

Carmel

Seller

$7,800,000

30500 Aurora Del Mar

Carmel Highlands

Seller

$7,7 7 7,7 7 7

6 Vista Cielo

Santa Lucia Preserve

Buyer

$6,900,000

36648 Highway 1

Carmel Highlands

Buyer & Seller

$6,100,000

164 Corona Road

Carmel Highlands

Buyer & Seller

$6,000,000

1152 Spyglass Hill Road

Pebble Beach

Buyer

$5,500,000

1456 Riata Road

Pebble Beach

Seller

$5,400,000

39 Pronghorn Run

Santa Lucia Preserve

Buyer & Seller

$5,350,000

1505 Venadero Road

Pebble Beach

Seller

$5,300,000

NE Corner of San Antonio & Ocean

Carmel

Buyer

$4,950,000

26317 Scenic Road

Carmel

Seller

$4,750,000

4 Vista Cielo

Santa Lucia Preserve

Buyer

$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

3 Garzas Trail

Santa Lucia Preserve

Buyer & Seller

$4,050,000

7 Corral Run

Santa Lucia Preserve

Seller

$4,000,000

32 Potrero Trail

Santa Lucia Preserve

Seller

$3,928,800

8 & 10 Rancho San Carlos

Santa Lucia Preserve

Buyer & Seller

$3,850,000

2457 Bay View Avenue

Carmel

Buyer & Seller

$3,805,712

36654 Highway 1

Carmel Highlands

Seller

$3,700,000

22 Long Ridge Trail

Santa Lucia Preserve

Buyer

$3,700,000

5465 Quail Meadows Drive

Carmel

Seller

$3,675,000

59 Rancho San Carlos

Santa Lucia Preserve

Seller

$3,375,000

150 Oak Way

Carmel Highlands

Seller

$3,225,000

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

Lincoln 5SE of 12th

Carmel

Buyer

$2,657,703

San Carlos 3NE of 1st

Carmel

Buyer

$2,510,000

931A W. Carmel Valley Road

Carmel Valley

Buyer & 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

370 El Caminito Road

Carmel Valley

Buyer

$1,575,000

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



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