4Q 2018 Market Update Presented by Canning Properties Group
CanningProperties.com | team@canningproperties.com Sotheby's International Realty | DRE# 00899496
The market contracted sharply in the fourth quarter to 69 closed escrows, which is a 37% drop from 4Q17 and the lowest fourth quarter since 2011. The slowdown was most pronounced under $1M where sales dropped from 19 to 5 from 4Q17, and $1.5-2M which dropped from 28 to 16 over the same time period. A highlight for the quarter was the $2.5-3M bracket, which had 8 sales and represented the most 4Q sales in well over a decade. Due to a combined slowdown at the bottom and very top of the market (there were no sales above $8M this quarter), a total $159M was invested in Pebble Beach, Carmel, Carmel Valley, Carmel Highlands, Quail and the Preserve in 4Q18. This represents a 49% drop from last quarter and 36% from 4Q17. However, 2018 as a whole was an extremely strong year with just over $1B invested in real estate in this area, which is 19% above the $872M that closed in 2017. The only region to increase this quarter was the Highlands, which had 8 closed escrows, double that of last quarter and up over 4Q17 (5). Carmel had 32 sales for $74M, which is down 37% from the $117M last quarter. This drop in Carmel activity was primarily seen at the top of the market as sales below $2M are essentially flat from last quarter (19). Pebble contracted the most this quarter with just $53M in 24 sales, which is down 65% from last quarter ($152M). Central Pebble felt the dip in activity the most this quarter with 5 sales and just $18.7M in sales, which is down from $107M last quarter and $57M in 4Q17. However, since sales prices are so much higher in Central Pebble than MPCC, you often see much more fluctuation in total invested and we continue to see strong demand for well-priced homes. Quail and the Preserve continued to move steadily along with homes getting snapped up quickly in Quail Lodge and the Preserve had it’s best year in over a decade with 7 sales. Median sales prices increased again this quarter by 6% to $1.77M led by a particularly strong market in downtown Carmel, which made up for decreasing sales prices in the other key regions. We are seeing buyers get much more selective and responding well to homes that are freshly staged and move-in ready. Pairing that with a competitive price, homes across all regions are selling quickly, some even with multiple offers. 2019 should make for a very interesting year as it’s too soon to tell if the drop in sales in 4Q18 is a trend or just a blip in the market as buyers pause their search until more is understood about where the stock market and economy are headed. We’re all getting ready for a big AT&T Pro Am this year leading up to the Centennial anniversary of Pebble Beach and the US Open in June, in addition to an ever growing Concours week in August.
Market Overview Pebble Beach Carmel Carmel Highlands Quail/ Santa Lucia Preserve
4-5 6-9 10-13 14-15 16-17
Featured Property Photo: 3290 17 Mile Drive, Pebble Beach
No. 1
No. 1
No. 3
No. 4
Sotheby's International
Real Estate Team
Sotheby's International
Sotheby's International
Realty Team in
on the
Realty Team in
Realty Team
Carmel
Monterey Peninsula
California
Nationwide
*Source: 2017 THE THOUSAND by REAL Trends / The Wall Street Journal
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
Natalie Pitschke
DRE# 02041776 831.521.7363 natalie@canningproperties.com
Market Insight
All Regions
Quarterly Sales by Region
Carmel Sales Price Range
Carmel Highlands
Pebble Beach
Preserve
Quail
4Q17 Sales
4Q18 Sales
2017 Sales
2018 Sales
<$1.0M
19
5
52
40
22
89
$1.0M-$1.5M
24
21
103
102
19
82
$1.5M-$2.0M
28
16
85
80
15
56
$2.0M-$2.5M
12
6
42
47
8
32
$2.5M-$3.0M
6
8
29
32
3
19
$3.0M-$4.0M
7
3
39
40
6
27
$4.0M-$6.0M
7
6
26
28
5
18
$6.0M-$8.0M
6
4
9
19
2
7
$8M+
1
0
6
11
1
7
110
69
391
399
82
336
Total Sales
4 | Market Overview
10 Year Avg. 10 Year Avg. 4Q Sales Annual Sales
4Q18 Update All Regions
4Q18 Sales by Price Range
Median Sales Price ($M) 4Q18
Area
YoY % Change
$1.85
Carmel
11%
$1.60
Carmel Highlands
-35%
$1.50
Pebble Beach
-10%
$1.30
Quail/Preserve
-28%
$1.77
Overall
6%
$8M+
0
$6M - $8M
4
$4M - $6M
6
$3M - $4M
3
$2.5M - $3M
8
$2M - $2.5M
6
$1.5M - $2M
16
$1M - $1.5M
21
<$1M
5
Total Annual Sales
Average Sales Price ($M) 4Q18
Area
YoY% Change
$2.30
Carmel
15%
$3.04
Carmel Highlands
-5%
$2.20
Pebble Beach
-13%
$1.78
Quail/Preserve
-16%
$2.31
Overall
3%
Information believed to be reliable as obtained from the Monterey County Association of Realtors database and known off market transactions.
Market Overview | 5
Pebble Beach Market Overview
Pebble Beach’s market posted a historic year with total annual transactions reaching an unprecedented level of 154 sales (28% above 10-year averages). Total annual dollar volume showcased similar results – eclipsing its all-time record ($370M) with over $433M in 2018. These record setting trends were propelled by robust demand in the upper price points with a noteworthy 7 sales in the $6M-$8M price bracket and 9 sales above the $8M threshold. Worth noting that the apex of the market also shined this year with two oceanfront properties selling for an impressive $28M (Canary Cottage) and $25.25M (1476 Cypress Drive) respectively. The lower price ranges ($1M-$1.5M and $1.5-$2M) also outpaced annual averages, especially in the Monterey Peninsula Country Club area where demand remains strong for properties in close proximity to the newly renovated Dunes course and club house. After seeing very strong results through the first three quarters, Pebble’s market stalled in Q4 with just 24 closed escrows - down 37% from 3Q18 and 41% below an atypically busy 4Q17. Total dollar volume contracted for the quarter as well, down 65% from 3Q18 ($151.9M) and 49% below 4Q17 ($102.9M). Inventory levels (currently at 68) have risen slightly year-over-year and are balancing around 10%-12% higher than the same time last year. Expect those levels to rise as we approach the AT&T Pro-Am Tournament in early February. Although activity has quieted down through the holidays, with Pebble Beach hosting the 119th US Open this June in addition to celebrating its Centennial Anniversary, we anticipate a lot of action to come in 2019.
Analysis brought to you by Nic Canning.
4Q18 Top Pebble Beach Sales 1143 Porque Lane $ 6 , 8 0 0 , 0 0 0 1034 Rodeo Road $ 5 , 5 0 0 , 0 0 0 1286 Padre Lane $ 4 , 0 0 0 , 0 0 0 1427 Lisbon Lane $ 2 , 8 7 5 , 0 0 0 1508 Viscaino Road $ 2 , 7 5 0 , 0 0 0 1001 San Carlos Road $2,700,000 63 Spanish Bay Circle $2,690,000 1579 Griffin Road $ 2 , 3 0 0 , 0 0 0 1047 Lost Barranca Road $2,100,000 4016 Costado Road $ 1 , 8 0 0 , 0 0 0
6
Featured Property Photo: 1658 Crespi Lane, Pebble Beach 1658Crespi.com
4Q18 Update
Sales & Inventory | 4Q18 Active
Get Smart
95
Pending
4Q18 Sales
Average Days on Market
5.3%
DOM
24
4Q18 Snapshot
Pebble Beach
Units Sold
off list price
Annual Sales by Price Range 2018 2017 2016 2015 2014 2013 0 <$1M
20
40
$1M - $1.5M
$1.5M - $2M
60 $2M - $2.5M
80 $2.5M - $3M
100 $3M - $4M
120 $4M - $6M
140
160
$6M - $8M
$8M+
Pebble Beach | 7
Quarterly Sales by Region Central Pebble Beach
40
MPCC
Upper Forest
36
35
Total Sales
30 23
25 20 15 10
16
5
8
5 0
15
10
11
2Q16
3Q16
4Q16
1Q17
2016
4Q18 Snapshot
41% 14%
8 | Pebble Beach
3Q17
4Q17
2017
17% Get Smart
2Q17
Increase in inventory
4 1Q18
2Q18
3Q18
2018
$52.69M 4Q18 Total $ Volume
Decrease from 4Q17 sales
49%
Decrease from 10 year average sales
Total Volume decrease over 4Q17
4Q18
4Q18 Update
Pebble Beach
Pebble Beach Oceanfront & Golf Front Sub-Region Market Overview
After a 16-month drought with zero golf or oceanfront sales in Pebble Beach, we saw 3 deals (2 oceanfront, 1 golf front) go into escrow this year – all occurring in the record-setting 3rd quarter. Although Pebble’s market tapered in 4Q18, we’re continuing to see demand in the upper price brackets and anticipate more activity on Pebble’s frontlines to occur in 2019. Sales Average DOM Listing Discount Median Sales Price
2009 0
2010 3 78 -19.0 $17.5M
2011 1 277 -33.3 $4M
2012 1 0 0.0 $14M
2013 3 10 -12.7 $22.5M
2014 6 625 -4.1 $16.5M
2015 5 174 -14.1 $11M
2016 4 168 -8.7 $15.5M
2017 0
2018 3 27 -10.8 $25.25M
MPCC Frontline Sub-Region Market Overview
Although demand remains strong for the MPCC area, tight inventory along the Frontlines limited activity in ’18 with only 2 sales - down slightly from the 10-year average of 3.1 sales per year. Worth noting those two sales were 1034 Rodeo Road ($5.5M - sold off-market in 4Q18) and 1049 Marcheta Lane ($4.9M - closed on-market in 1Q18). Sales Average DOM Listing Discount Median Sales Price
2009 3 185 -7.9 $3.1M
2010 2 55 -15.1 $2.6M
2011 0
2012 3 7 -5.1 $4.3M
2013 1 229 -10.4 $3.1M
2014 4 178 -7.1 $2.9M
2015 4 197 -6.2 $4.6M
2016 6 160 -8.2 $4.7M
2017 6 208 -6.2 $4.2M
2018 2 37 -1.9 $5.2M
Spanish Bay Condos Sub-Region Market Overview
With 4 sales throughout 2018 at Spanish Bay, that sub-market finished the year above its annual transaction averages (3.4 sales/year) as well as total dollar volume with $12.93M (33% above average). The median sales price ($3.07M) held firmly above the 10-year average ($2.76M) for the year, despite a slight dip in 4Q18. Inventory remains thin in Spanish Bay (1 active listing), especially for the Condos’ Frontlines as demand for those rare units remains high. Sales Average DOM Listing Discount Median Sales Price
2009 3 62 -17.5 $2.2M
2010 3 176 -9.6 $2.7M
2011 4 261 -10.7 $2M
2012 4 13 -2.8 $2.1M
2013 2 138 -9.1 $2.9M
2014 1 82 -5.0 $1.9M
2015 4 3 -5.2 $3.7M
2016 3 66 -3.1 $3.6M
2017 6 92 -5.8 $3.4M
2018 4 116 -3.3 $3.1M
Pebble Beach - Sub Regions Overview | 9
Carmel
Market Overview Carmel saw a steep decline in sales in the fourth quarter with just 32 sales – the lowest velocity in Carmel since the third quarter of 2010 with 30 sales. The 32 sales represents a 33% drop from last quarter and 45% from 4Q17. This is fairly atypical of the fourth quarter which is usually a strong season in this area. However, it’s too early to say that it’s an indicator as 4Q16 was also slow and it immediately bounced back the following quarter. Given the strength of the other three quarters, 2018 was still the strongest year in well over a decade with 399 sales. We’re starting to see pressure on prices in Carmel with just $73.5M in sales this quarter, down 37% from both last quarter and 4Q17. The only region to hold strong right now is the aptly named Golden Rectangle, which had $29.3M in sales this quarter, down just 12% from last quarter and 3% from 4Q17. The only region to surpass 3Q18 sales was Northeast Carmel, which had 7 sales in 4Q, up from the surprisingly low 2 sales last quarter but down from the 16 that closed in 4Q17. The Golden Rectangle had the most sales this quarter with 8, which is down 27% from both last quarter and 4Q17. Over $137M was spent in the Golden Rectangle in 2018, which is up considerably from last year ($121M) and the most annual investment in over a decade. Carmel Point had $99.5M invested in 2018, which almost matches last year ($105M) and is up 54% over 2016. Activity continues to be strong under $2M, with 59% of deals closing in that price bracket, which is up from last quarter (38%) and close to the 67% of 4Q17. Tight inventory continues to be a challenge in the $2-2.5M bracket with just 4 sales this quarter. The $3-4M bracket also had a difficult quarter with just 2 sales, down from the 9 last quarter and 3 in 4Q17. Homes priced from $4-8M continue to hold steady with 4 sales this quarter, matching last quarter and down from the 6 in 4Q17. However, the top of the market has gone quiet with zero sales north of $8M this quarter, extending the stretch to 28 months since a home has sold above 8M. Given the macroeconomic challenges it’s too soon to know if the drop in activity in 4Q18 is a trend or if it’s an anomaly because demand continues to be strong in the area and we’ll watch all of the regions and brackets closely throughout 2019. Analysis brought to you by Jessica Canning.
4Q18 Top Carmel Sales
Carmelo 2 NW of 10th $6,795,000 NE Corner of Scenic & 8th $6,000,000 2848 Santa Lucia Avenue $ 5 ,74 5 ,0 0 0 * Scenic 5 SE of 11th $4,750,000 Dolores 2SE of 11th $3,050,000 25950 Junipero Avenue $ 3 , 0 0 0 , 0 0 0 3407 7th Avenue $ 2 , 5 8 8 , 5 0 0 Monte Verde 4 SW OF 10th $2,575,000 25745 Hatton Road $ 2 , 5 5 0 , 0 0 0 *Represents a Canning Properties Group Sale
10
Featured Property Photo: Scenic 4NE of 13th, Carmel-by-the-Sea Scenic4NEof13th.com
4Q18 Update
Sales & Inventory | 4Q18 Active
Get Smart
61
Pending
Average Days on Market
4Q18 Snapshot
2.6%
Average % off list price
Carmel
4Q18 Sales
DOM
32
Units Sold
Annual Sales by Price Range 2018 2017 2016 2015 2014 2013 0
50 <$1M
$1M - $1.5M
$1.5M - $2M
100 $2M - $2.5M
150 $2.5M - $3M
$3M - $4M
200 $4M - $6M
$6M - $8M
$8M+
Carmel | 11
Quarterly Sales by Region 18 16
Total Sales
14 12
11
10
10
8
8
9
6
8
8
5
4 2
2
0 2Q16
3Q16
4Q16
1Q17
2016
4Q18 Snapshot
25% 45%
12 | Carmel
3Q17
4Q17
2017
24% Get Smart
2Q17
Decrease from 10 year sales average
1Q18
2Q18
3Q18
2018
$73.54M 4Q18 Total $ Volume
Increase in inventory
37%
Decrease from 4Q17 sales
Total Volume decrease over 4Q17
4Q18
4Q18 Update Carmel
Carmel "3C's"
Sub-Region Market Overview Despite a seasonal slowdown (1 sale in 4Q) Carmelo, Camino Real, and Casanova finished out the year strong, matching the 10-year record of 19 sales set in 2017. Dollar volume hit an all-time peak of $60.9M in ‘18, outperforming the yearly average of $34.2M by 43.8%. With strong demand for these coveted streets, days on market contracted in ‘18 to an all-time low of 41 days. Additionally, sale negotiations benefited Sellers in ’18 as homes sold for an average of 3.5% off list price - the second tightest markdown in any of our regions (following after Quail Lodge). Sales Average DOM Listing Discount Median Sales Price
2009 10 107 -8.7 $1.98M
2010 13 78 -9.7 $ 1.5M
2011 16 94 -3.7 $2.2M
2012 23 116 -5.0 $ 1.2M
2013 12 158 -7.7 $2.3M
2014 16 205 -3.4 $2M
2015 10 75 -3.6 $2.3M
2016 15 75 -4.6 $2.8M
2017 19 56 -4.5 $2.3M
2018 19 41 -3.5 $2.7M
Carmel Point
Sub-Region Market Overview With 35 units sold in 2018, Carmel Point outperformed its rolling 10-year average by an impressive 50.2% (23.3 sales). Total dollar volume also soared in 2018 to $64.7M, nearly doubling the yearly average of $34.9M. Tightening inventory levels (7 active listings) in Carmel Point – down 35% from 1Q17 – pressed purchase discounting to a low of 4.1% off list price (the lowest discount in the area’s 10-year history).
Sales Average DOM Listing Discount Median Sales Price
Scenic
2009 8 82 -14.1 $1.6M
2010 20 146 -9.1 $1.6M
2011 21 122 -7.5 $1.5M
2012 23 230 -10.7 $2.1M
2013 29 272 -7.6 $2.2M
2014 28 109 -5.2 $2.6M
2015 19 173 -4.8 $2.6M
2016 20 92 -5.3 $2.4M
2017 30 91 -4.8 $2.5M
2018 35 92 -4.1 $2.4M
Sub-Region Market Overview Scenic Road reported a total of 6 sales in 2018 (2 in 4Q), finishing out the year ahead of the average of 5.3 sales per year. A total dollar volume of $38.79M sold on Scenic this year, which is roughly $10M or 26.66% above Scenic’s yearly average of $28.45M. Worthy of note, both of the sales in 4Q were on the market for less than 1 week; one sold off market ($4.75M – full price) and the other clocked in at $6M, 39.5% above ask ($4.3M) with multiple offers. Sales Average DOM Listing Discount Median Sales Price
2009 2 166 -21.3 $4.4M
2010 2 178 -25.0 $4.3M
2011 4 133 -5.4 $4.8M
2012 6 331 -11.4 $5.5M
2013 9 263 -6.2 $4.9M
2014 7 183 -4.8 $4M
2015 4 133 -5.8 $7.2M
2016 5 184 -4.4 $8.9M
2017 8 109 -9.0 $5.6M
2018 6 97 -4.4 $6.4M
Carmel - Sub Regions Overview | 13
Carmel Highlands Market Overview
The Carmel Highlands and Carmel Meadows regions had a steady 4th quarter, ringing in 8 sales, doubling that of last quarter and outperforming the seasonally adjusted average of 7 sales. These submarkets produced a total dollar volume of $24.3M, just below the 4Q average of $26.4M, & nearly matching 3Q18 ($25.7M). This is the 3rd quarter in a row the Highlands/Meadows has produced a dollar volume in the ballpark of $25M; the area continues to hold strong due to consistent activity on the frontlines (2 oceanfront sales). Average discount off list price and days on market became significantly tighter than normal this quarter. Closings in the Highlands/Meadows in 4Q17 sold for an average of 3.4% off list price (4Q average discount off list price is 8.5%) and days on market dipped to 65. For reference, the seasonally adjusted average DOM in the region is 175 days on market and this statistic was 207 days last quarter. Normally in this area we experience among the longest days on market and widest gap between list and sale price of our subject regions. Worthy of note and as predicted last quarter, Carmel Meadows saw a jolt in movement in 4Q18 after a silent 3Q. Ribera Road bounced back with 3 closed escrows, all within the $1.5M-$2.5M bracket and all closing within 2 weeks of their list date. We are encouraged by the stir in activity in this price range as energy travels north, opening up great opportunities for buyers in the Highlands/Meadows enclave. Analysis brought to you by Natalie Pitschke.
4Q18 Top Carmel Highlands Sales 71 Highway 1 $ 6 , 4 0 0 , 0 0 0 156 Highway 1 $ 5 , 2 0 0 , 0 0 0 44 Yankee Point Drive $5,050,000 2755 Ribera Road $ 2 , 5 0 0 , 0 0 0 2785 Ribera Road $ 1 , 5 9 5 , 0 0 0 2975 Ribera Road $ 1 , 5 4 5 , 0 0 0 129 Cypress Way $ 1 , 2 0 0 , 0 0 0 74 Spruce Way $ 8 2 5 , 0 0 0
14
Featured Property Photo: 164 Corona Road, Carmel Highlands 164Corona.com
4Q18 Update
Sales & Inventory | 4Q18
Active
65 Get Smart
Average Days on Market
3 sales
4Q18 Snapshot
Pending
4Q18 Sales
8
DOM
$24.32M
Total $ Volume 4Q18
Carmel Meadows Median Sale Price
$2.88M
Average % off list price
3.4%
Units Sold
Increase over 4Q17 sales
Carmel Highlands Median Sale Price
Carmel Highlands
$1.75M
Annual Sales by Price Range 2018 2017 2016 2015 2014 2013 0 <$1M
5 $1M - $1.5M
10 $1.5M - $2M
15 $2M - $2.5M
20 $2.5M - $3M
25 $3M - $4M
30
35
$4M - $6M
40 $6M - $8M
$8M+
Carmel Highlands | 15
Quail / Santa Lucia Preserve Market Overview
Quail Lodge tapered slightly in 4Q (4 sales) after strong 2nd and 3rd quarters, but finished the year with 18 sales - well above the 10 year average (12.3 sales). Average discount off list price rose slightly to 1.7% after an all time low last quarter (just under 1%). Demand remains high in Quail Lodge with average days on market at an all time low of 3o days in addition to the median sale price climbing to $1.76M (well above the 10 year average of $1.25M). Quail Meadows reported zero closed escrows this quarter, but had 1 new sale and 2 closed escrows to finish the year slightly below the 10 year average of 2.33 sales. Median sale price has climbed to $4.45M (up 26% from the 10 year average). We are honored to have handled both sales and the pending transaction this year in Quail Meadows- 5493 Oak Trail (Sale Price: $5.5M), 5471 Quail Meadows (Sale Price: $3.4M) and 5482 Quail Meadows Drive (List Price: $4.495M). The Preserve continued itâ&#x20AC;&#x2122;s banner year with 1 closed escrow to finish with 7 closings (the most sales we've seen in over 15 years). 13 Vasquez Road, a Spanish style 3 bedroom home located just past the golf club, sold at $3.5M after 142 days on the market. We are continuing to see the $3M - $4M bracket move, but the median sale price for now settled at $3.75M - the lowest we've seen since 2012. Analysis brought to you by Ellen Krausse.
4Q18 Top Quail / Santa Lucia Preserve Sales 13 Vasquez Trail 8069 Lake Place 7063 Fairway Place 7026 Valley Greens Circle #15 7026 Valley Greens Circle #1
16
$3,500,000 $1,925,000 $1,750,000 $855,000 $850,000
Featured Property Photo: 3 Holding Field Run, Carmel 3HoldingField.com
4Q18 Update
Sales & Inventory | 4Q18 Active
1 sale
5
DOM
Units Sold
$1.76
5.6%
$8.88M
Decrease from 4Q17
Quail Lodge 2018 Median Sale Price
4Q18 Snapshot
4Q18 Sales
Average Days on Market
67 Get Smart
Pending
Quail / Preserve
Quail Meadows 2018 Median Sale Price
$4.45
Average % off list price
Total $ Volume 4Q18 Preserve 2018 Median Sale Price
$3.75
Annual Sales by Price Range 2018 2017 2016 2015 2014 2013 0
5 <$1M
$1M - $1.5M
10 $1.5M - $2M
$2M - $2.5M
15 $2.5M - $3M
20 $3M - $4M
25 $4M - $6M
$6M - $8M
30 $8M+
Quail / Santa Lucia Preserve | 17
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2018 Canning Properties Group Significant Sales 3325 17 Mile Drive Represented: Buyer $7,800,000
1139 Portola Road Represented: Buyer $7,550,000
26317 Scenic Road Represented: Seller $7,500,000
1289 Padre Lane Represented: Seller $6,400,000
26226 Isabella Ave Represented: Buyer $6,000,000
2848 Santa Lucia Ave Represented: Buyer & Seller $5,745,000
5493 Oak Trail Represented: Buyer & Seller $5,500,000
Camino Real 3 SE of 11th Represented: Buyer $4,050,000
3382 Laureles Lane Represented: Seller $3,700,000
5471 Quail Meadows Drive Represented: Seller $3,400,000
26040 Ridgewood Road Represented: Buyer $3,350,000
138 San Remo Road Represented: Buyer $3,250,000
12 Rancho San Carlos Road Represented: Buyer & Seller $3,200,000
Casanova 2NE of 11th Represented: Buyer $2,900,000
1221 Bristol Lane Represented: Buyer $2,700,000
7010 Valley Greens Circle Represented: Buyer & Seller $2,300,000
2957 Franciscan Way Represented: Seller $2,285,000
Casanova 2SW of 13th Represented: Buyer & Seller $2,250,000
San Carlos 8SE of 13th Represented: Buyer $2,055,000
Carmelo 4SW of 7th Represented: Buyer $1,825,000
7056 Valley Greens Circle Represented: Buyer $1,800,000
9952 Holt Road Represented: Buyer $1,781,250
26355 Valley View Ave Represented: Seller $1,665,000
190 San Remo Road Represented: Buyer $1,500,000
32680 Coast Ridge Represented: Seller $1,405,000
15453 Via la Gitana Represented: Seller $1,150,000
5495 Oak Trail Represented: Buyer & Seller $1,050,000
26456 Mission Fields Represented: Buyer $873,000
14 Rancho San Carlos Road Represented: Seller $550,000 *Source: Statistics pulled from MLS as of 1/1/19
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Featured Property Photo: 3208 Stillwater Lane, Pebble Beach
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