TAP Book - Summer/Fall 2019

LOCAL KNOWLEDGE | GLOBAL CONNECTIONS COLDWELL BANKER’S

2018

S U M M E R / FA L L 2 0 1 9

#1 Agent in Carmel #1 Agent in Silicon Valley/Santa Cruz #1 Agent Northern California #3 Agent in the United States

about

TIM ALLEN

Tim Allen was born and raised on the Monterey Peninsula and has an extensive knowledge of the region. Tim attended local schools such as Stevenson High School, raised his three children in the area and owns homes throughout the Peninsula. Beyond his love for family and real estate, Tim’s other passion is the game of lacrosse. A successful collegiate player himself, Tim has become an avid supporter of the game. The teamwork, skills and overall discipline required to play the game at a high level have translated to his professional career.

For the past two decades, Tim has been arguably the most predominant and successful real estate agent in the region. For 2018, Tim was ranked as the #1 Coldwell Banker agent for the Monterey Peninsula, #1 agent for Silicon Valley/Santa Cruz, #1 Coldwell Banker individual agent in Northern California, #3 Coldwell Banker agent in the U.S., and he is consistently ranked in the top 1% of Coldwell Banker agents. There is no other agent in the area who will provide you with the local knowledge and global connections that Tim can offer.

thepebblebeachlots.com The Pebble Beach Company lots are available on Poppy Hills and Spyglass Hill Golf Courses.

CalBRE#00891159 c 831.214.1990 TIMALLENPROPERTIES.COM

TIM ALLEN PROPERTIES

©2017 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Coldwell Banker Residential Brokerage Office is Owned by a Subsidiary of NRT LLC. All rights reserved. This information was supplied by Seller and/or other sources. Broker believes this information to be correct but has not verified this information and assumes no legal responsibility for its accuracy. Buyers should investigate these issues to their own satisfaction. Real estate agents affiliated with Coldwell Banker Residential Brokerage are independent contractor sales associates and are not employees of Coldwell Banker Real Estate LLC, Coldwell Banker Residential Brokerage or NRT LLC. CalBRE License # 01908304.

THE MARKET REPORT Find out what the real estate market is doing with a summation of the first half of 2019 in the Peninsula’s most coveted neighborhoods.

THE DEVELOPMENT Preview the development progress that is happening now on Poppy Lane and Viscaino Road.

ABOUT TIM ALLEN A background on Tim Allen and his 30+ years of award-winning real estate experience on the Monterey Peninsula.

“Tim Allen Properties Book” - Summer/Fall 2019 By: Tim Allen Properties

Design and Layout: Billy Schmidt | billy@timallenproperties.com

Photography: Properties | Ron Bird Photography | ron@ronbirdphotography.com Cover Photo, Pg 48, Pg 49 | Hakan Ozturk Pg 2 | Joann Dost Pg 5 | Julian P. Graham [ Excluding copyrighted photos ] Writers and Editors: Jonathan Balog | jonathan@timallenproperties.com Mark Lord | mark@timallenproperties.com Greg Linder | carmelgreg@gmail.com

Market Data: Source of data that was used for the market analysis was provided

by MLSListings Inc.

Copyright © 2019 Tim Allen Properties Printed in USA | Summer 2019 Edition

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system without the written permission from Tim Allen Properties. You may obtain copies, printed or electronic versions of this book by request.

Pebble Beach®, Pebble Beach Resorts®, Pebble Beach Golf Links®, The Lodge at Pebble Beach™, The Spa at Pebble Beach™, The Beach & Tennis Club™, Spanish Bay®, The Inn at Spanish Bay™, The Links at Spanish Bay™, Spyglass Hill® Golf Course, Casa Palmero®, Del Monte™ Golf Course, 17-Mile Drive®, The Lone Cypress, The Heritage Logo and their distinctive images and hole designs are trademarks, service marks and trade dress of Pebble Beach Company.

Used by permission.

TIM ALLEN PROPERTIES

TA B L E O F C O N T E N T S

2 about PEBBLE BEACH COMPANY 4 The Man Who Made Pebble Beach

6 OVERVIEW 8 PHASE I Poppy 1 Poppy 2 Development 30 PHASE II The Dunes Road Stevenson Drive Spyglass Woods 42 FEATURED PROPERTIES 47 MARKET REPORT BACK COVER about TIM ALLEN

“ Since bringing residential lots to market around Poppy Hills and Spyglass Hill golf courses, 34 have been purchased and are in various stages of development. There is an undeniable excitement as our new neighbors complete their dream homes and begin to enjoy life in Del Monte Forest.”

– Bill Perocchi, CEO, Pebble Beach Company

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TI M A LLE N P R O P E R TI E S

A B O U T P E B B L E B E AC H C O M PA N Y

Pebble Beach Company, headquartered in Pebble Beach, CA, owns and operates the world-famous Pebble Beach Resorts, including The Lodge at Pebble Beach, The Inn at Spanish Bay, and Casa Palmero. The company also operates four world-renowned golf courses: Pebble Beach Golf Links, Spyglass Hill Golf Course, The Links at Spanish Bay, and Del Monte Golf Course. Its other famed properties include scenic 17-Mile Drive and The Spa at Pebble Beach, and it annually hosts premier events such as the Pebble Beach Concours d’Elegance, AT&T Pebble Beach Pro-Am, TaylorMade Pebble Beach Invitational presented by Dell EMC, Pebble Beach Food & Wine, and PURE Insurance Championship Impacting The First Tee. Site of the 2019 U.S. Open, 2023 U.S. Women's Open and 2027 U.S. Open, Pebble Beach Golf Links has hosted six U.S. Opens, five U.S. Amateurs, two U.S. Women’s Amateurs, one PGA Championship, and numerous other tournaments.

Photo Credit: Joann Dost

PebbleBeach.com | Like us on Facebook and Instagram @PebbleBeachResorts

a b o u t P E B B LE B E AC H CO M PA N Y

3

THE MAN WHO MADE

PEBBLE BEACH Samuel F.B. Morse

Affectionately known as “The Duke of Del Monte,” Samuel F.B. Morse founded what would become the Pebble Beach Company in 1919, and was its faithful steward for the next 50 years.

But it started with a risk. Morse, a distant cousin of the telegraph inventor and a member of the secretive Skull and Bones society, was also an All-American football player at Yale who captained an undefeated 1906 team. So he wasn’t afraid to call an audible when he was asked to liquidate the land holdings of Pacific Improvement Company in the area known as Pebble Beach.

Morse decided to buy the land himself. His vision for Pebble Beach was different than what Pacific Improvement Company had in mind. Morse wanted to preserve the coastline, so that the public could enjoy it – forever. Rather than "His vision for Pebble Beach dice up the prime real estate for a was different than what Pacific select few homes, Morse wanted to create an ocean-fronting golf course Improvement Company had in available to all. That’s how Pebble mind. Morse wanted to preserve Beach Golf Links was born.

the coastline, so that the public could enjoy it – forever."

Morse maintained this philosophy throughout his life. Today, the shores of Pebble Beach are lined by golf courses and 17-Mile Drive, while homes are located on higher ground overlooking incredible scenery.

Morse led his company from 1919 until his death in 1969, just three years before another dream was realized – Pebble Beach Golf Links hosting a U.S. Open.

“I have been to a good many places in the world, and I have never found anything equal to this. I think it is the greatest place on earth.”

– Samuel F.B. Morse (1885-1969)

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TI M A LLE N P R O P E R TI E S

Photo Credit: Julian P. Graham

“ W E L C O M E T O P E B B L E B E AC H ” THE PEBBLE BEACH LOTS An opportunity we haven’t seen in decades…prime residential parcels in Pebble Beach...are available for sale and they are moving. We ‘carved out’ truly the finest sites for individuals looking to create their own personal masterpiece in a setting and community that is world-renowned.

LEGEND I = Phase I Lots (now available)

II = Phase II Lots (now available)

III = Phase III

(future release)

IV = Phase IV

(future release)

“These 90 estate lots are the last ones that Pebble Beach Company will develop here in Pebble Beach.”

Bill Perocchi, CEO, Pebble Beach Company

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TI M A LLE N P R O P E R TI E S

PHASE I Phase I lots are a stone’s throw to the Poppy Hills Golf Course clubhouse and the critically acclaimed restaurant, Porter’s in the Forest. This is your own personal country club. The lots that are available for sale: one in Poppy 1, nine in Poppy 2, are limited and a must-see. For more information on the remaining Phase I lots as well as Phase II lots available now, please visit our website ThePebbleBeachLots.com.

POPPY 2 LOT 2, 1407 Viscaino Road | $1,100,000 Just off the 12th green and offering panoramic views across the back nine. | Approx. 1 acre POPPY 2 LOT 10, 1455 Lisbon Court | $1,700,000 The crown jewel of Poppy 2 is this lot adjacent to the 13th green with premier size, arcing golf course frontage and views down the long 13th hole. | 1.56 Acres

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TI M A LLE N P R O P E R TI E S

PHASE I

9

SOLD SOLD SOLD SOLD PERMITTED TO BUILD

UNDER CONSTRUCTION

SOLD NEW HOME AVAILABLE FALL 2019

11 SO LD UNDER CONSTRUCTION

SOLD

SOLD

SOLD

SOLD

SOLD

POPPY 1 A cul-de-sac of 16 one-plus acre lots are located on the front nine of Poppy Hills Golf Course across from the Club House entrance, offering fairway and forested views. All lots are located on Poppy Lane in close proximity to The Lodge at Pebble Beach, The Beach and Tennis Club and The Spa at Pebble Beach. One lot remains available. It is worth a trip to Poppy Lane to see the progress of the building, as well as 22 Poppy Lane which is available now for purchase. See page 30 for more details on the development.

POPPY 1 LOT 11, 31 Poppy Lane | $1,200,000 The frontage of Lot #11 spans the length of the lake on the 1st hole and offers wide, open views of several holes and Huckleberry Hill. | 1.01 Acres | 0.8 ac/ft water allocation

PHASE I

11

16 15 14

11 10 IN ESCROW UNDER CONSTRUCTION UNDER CONSTRUCTION

SOLD JUST LISTED

SOLD

3 2 SOLD

13 12

POPPY 2 Sixteen one-plus acre lots are located on the back nine of Poppy Hills Golf Course, offering fairway and forested views. All are in close proximity to The Lodge at Pebble Beach, The Spa at Pebble Beach, and The Beach & Tennis Club. The lots are located on Viscaino Road, Ronda Road, and Lisbon Court, with nine available for purchase.

LOT 11, 1461 Lisbon Court | $1,400,000 This substantially-sized l o t is fou nd on t he back ha l f of t he 13t h g reen a nd feat u re s v ie w s t h rou g h a g reenbelt to t he 17t h green and fair way. | Approx. 1.42 acres

PHASE I

13

LOT 12, 1467 Viscaino Road | $950,000 The corner lot in this new subdivision offers great access and distant second-story views to the Southwest and Pt. Lobos.

Approx. 1.03 acres

LOT 16, 3983 Ronda Road | $1,100,000 This lot runs right up to the corner of the 18th tee box with views trailing down the fairway to the North. | Approx. 1 acre

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TI M A LLE N P R O P E R TI E S

LOT 15, 3979 Ronda Road | $1,200,000 Lot #15 has tremendous, focused views down the 17th hole with abundant sun settling on the upslope. | 1 Acre

LOT 13, 3971 Ronda Road | $1,150,000 Watch golfers finish out the hole from this lot running up to the 17th green of Poppy Hills Golf Course. | Approx. 1.19 acres

PHASE I

15

LOT 14, 3975 Ronda Road | $1,150,000 With your feet at green-level, Lot #14 looks over the 17th green to the blue Northern sky beyond the forest. | Approx. 1 acre

LOT 3, 1413 Viscaino Road | $1,300,000 You can find true 180 degree views of the back nine from this sunny lot adjacent to 13th tee box. | Approx. 1 acre

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IN ESCR OW

LOT 9, 1449 Viscaino Road | $1,150,000 An oversized corner lot which offers great design f lexibility & golf course entrĂŠ approaching the 13th green. | Approx. 1.31 acres

PHASE I

17

the D E V E L O P M E N T Of the 16 parcels that make up Poppy 1, 15 have sold.

Four of the lots are under development with the residence on lot 2 currently available. Lot 3 will be following in the fall of 2019. Lot 13 is under construction and will be ready for the owner to occupy in late 2019. The construction on lot 5 is underway. Lot 6 has permits and is ready to build. Lots 1, 4, 12, 14 and 15 are all in the approval process with exciting new homes being planned for the near future. Take a drive down Poppy Lane and see for yourself all of the exciting activity and progress.

The construction along Viscaino Road is also well underway, with Lot 7 1437 Viscaino Road, and Lot 8 1443 Viscaino scheduled for completion in 2019. 1425 Viscaino is now available for sale. See page 43 for more details.

ARCHITECTURAL RENDERING

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TI M A LLE N P R O P E R TI E S

RECENTLY SOLD

POPPY 1 LOT 2, 22 Poppy Lane | SOLD AT $6,000,000 Spectacular new Modern 5-bedroom 5.5-bath home designed by Sterling-Huddleson featuring the finest quality in construction. Built of warm natural materials such as stone, steel, & cedar with walls of glass that open to expansive patios overlooking Poppy Hills Golf Course, and the forest and sea beyond. Ideally located to the beaches, the Lodge and all the amenities the Monterey Peninsula has to offer.

22PoppyLane.com

t h e D E V E LO P M E NT

19

POPPY 1 LOT 3, 24 Poppy Lane | This home offers an enticing combination of golf course frontage, views, and a feeling of privacy. The modern home will offer 3,948+/- square feet with 4 bedrooms, 4 full and 1 half baths. The home features an expansive great room, two master suites, and soaring views of the golf course and forest.

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CONSTRUCTION C O M P L E T E F A L L ' 19

t h e D E V E LO P M E NT

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CONSTRUCTION U N D E R W AY

POPPY 1 LOT 5, 28 Poppy Lane | Situated on a cul-de-sac on the front nine of Poppy Hills Golf Course, Lot 5 is arguably the best lot in the subdivision with expansive views, size, and golf course frontage. The modern home will offer a 6,288+/- square foot main residence with 4 bedrooms, 4 full and 2 half baths and a 600 square foot guest house featuring f loor to ceiling windows, plentiful indoor and outdoor living spaces, a ref lecting pool, open f loor plan, and fairway views.

R E A DY TO BUILD

POPPY 1 LOT 6, 30 Poppy Lane | With Southwestern exposure looking across the 5th & 6th holes, this home is situated on a cul-de-sac on the front nine of Poppy Hills Golf Course. The contemporary property will offer a 5,516+/- sq. ft. main residence with 4 bedrooms, 4 full and one half baths & a 600 square foot guest house. Highlights include concrete & cedar accents, walls of glass, plentiful indoor and outdoor living spaces, pool, open f loor plan, and distant ocean views to the West.

POPPY 2 LOT 7, 1437 Viscaino Road | $5,575,000 Rich in the tradition of the old-world genera, this new and authentic Mediterranean-style home on one acre, makes an impressive statement of luxury and design. Situated on the 13th fairway of Poppy Hills Golf Course, this spacious 5,228 square foot, single-level home blends past and present with rich textures and architectural details. From the delightful ensemble of arched windows and entryways, beamed ceilings, and Alder wood cabinetry, to the stone f loors, French doors and 12-foot ceilings, this magnificent home personifies the merging of old world skills and talents in the creation of a modern day architectural splendor.

This pristine 5-bedroom and 5½-bathroom home with 3-car garage also features an Alder wood library with a labyrinth ceiling and French doors that lead out to a tiled courtyard with decorative wrought iron. The chef ’s kitchen artfully merges tumbled marble and granite with custom cabinetry and stainless-steel appliances. Relax in this gorgeous setting amongst a beautiful golf course landscape. The rear yard covered loggia with travertine patio and steps provide serene outdoor living. Located 6/10ths of a mile from Pebble Beach Lodge and restaurants.

1437ViscainoRoad.com

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TI M A LLE N P R O P E R TI E S

PHASE II SOLD

Following the successful rollout of the Phase I parcels, we are delighted to announce the release of the Phase II lots.

Eleven of the 23 estate parcels are available for showing.

This famed course designed by Robert Trent Jones, Sr. has been the setting for golfing drama for over 50 years.

SOLD SOLD SOLD

the dunes road

SOLD

Ten private parcels sit on a secluded lane near the north shore of Pebble Beach just off 17-Mile Drive and in front of the 6th and 7th fairways at Spyglass Hill Golf Course.

These parcels offer stunning views across the course and beyond to the shores of the Pacific.

For more information about the Phase II lots as well as the Phase I lots that still remain, please visit our website ThePebbleBeachLots.com.

SOLD

SOLD SOLD SOLD SOLD

LOT 8, 1186 The Dunes Road | SOLD AT $2,450,000

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TI M A LLE N P R O P E R TI E S

Overlooking the 6th green at Spyglass Hill Golf Course, this larger parcel also boasts generous frontage on the 7th fairway & expansive views of the Pacific. | Approx .95 acres

S P YG L A S S 2 Stevenson Drive at Spyglass Hill These eight parcels located along the front and back nine of Spyglass Golf Course in Pebble Beach vary in size from 0.45 to 0.74 acres and offer a combination of fairway and forested views, just minutes from Monterey Peninsula Country Club and The Lodge at Pebble Beach. Six of the eight parcels remain available.

SOLD

AVAILABLE WITH PLANS

LOT 2, 3159 Stevenson Drive | $1,100,000 Large frontage on the 11th fairway with views of the tee box to the south and a short stroll to the green. | Approx. 0.68 acres

PHASE II

33

LOT 5, 3171 Stevenson Drive | $1,395,000 Large frontage on the 9th tee box with views of the 8th green and peeks of the ocean beyond. | Approx. 0.44 acres

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TI M A LLE N P R O P E R TI E S

LOT 6, 3158 Stevenson Drive | $1,300,000 Fronting the 8th fairway, enjoy sounds of the sea and tree filtered vistas of the 7th fairway and ocean. | Approx. 0.52 acres

LOT 1, 3151 Stevenson Drive | $750,000 Location, value and privacy adjacent to dedicated open space neighboring Spyglass Hill Golf Course. | Approx. 0.74 acres

LOT 7, 3154 Stevenson Drive | $1,400,000 One of the subdivision’s larger lots, this parcel juts out to the tee box on Spyglass Hill’s 8th fairway. | Approx. 0.74 acres PHASE II

35

LOT 4, 3167 Stevenson Drive | $1,400,000 Generous course views of the 10th and 11th fairway of Spyglass Hill Golf Course. | Approx. 0.56 acres

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TI M A LLE N P R O P E R TI E S

LOT 8, 3150 Stevenson Drive | $1,500,000 Wooded views through the oaks to the 8th tee & bordering a dedicated preservation easement enhances the spaciousness & privacy for this parcel. | Approx. 0.65 acres

PHASE II

37

SOLD

38

T I M A L L E N P R O PE RT I ES

SPYGL ASS 3 Spyglass Woods The Spyglass Woods lots include five private parcels averaging just under an acre each, some with golf course views and some with forested outlooks. All are near the Lodge at Pebble Beach as well as the Monterey Peninsula Country Club.

LOT 1, 1070 Spyglass Woods Dr | $975,000 Near the 12th hole with it’s green-side lake & adjacent to the 13th fairway’s championship tee, this site offers spaciousness as one of the largest lots. | Approx. 0.98 acres

PHASE II

39

SOLD

LOT 5 1121 Spyglass Woods Dr | SOLD AT $680,000 A gently sloping half acre parcel near dedicated open space and one of the subdivision's best values | Approx. 0.5 acres

LOT 3 1062 Spyglass Woods Dr | $1,350,000 Sitting near the 13th tee box enjoy wooded views of the 13th fairway from this oversized lot and the privacy of the adjacent dedicated open space. | Approx. 0.82 acres

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TI M A LLE N P R O P E R TI E S

LOT 2 1066 Spyglass Woods Dr | $1,250,000 Enjoy views down the 13th fairway, generous course frontage and southern exposure from one of the subdivision’s largest parcels. | Approx. 0.90 acres

LOT 4 1125 Spyglass Woods Dr | $800,000 A quiet and peaceful site located at the end of a cul-de-sac with the benefit of an adjacent dedicated open space. | Approx. 0.60 acres

PHASE II

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F E AT U R E D PROPERTIES

San Carlos & 11th, Carmel | $1,695,000 This classic carmel cottage with barn-shingle exterior and clear-heart redwood interior embodies the essence of carmel charm.

CharmingCarmelCottage.com

The Seven Coves, Carmel Highlands | $52,375,000 Over 12 years in the making, this coastal property collection stretches over 4 acres and nearly 1,000 feet of coastline offering a variety of dramatic ocean vistas and private outdoor living spaces. | SevenCovesCarmel.com

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TI M A LLE N P R O P E R TI E S

3930 Ronda Rd, Pebble Beach | $13,500,000 European-inspired estate on 1.53 acres with beautifully manicured grounds, views of Point Lobos, outdoor kitchen, wine cellar, game room with full wet bar, 2-bedroom 2-bath guest house, and so much more | 3930RondaRoad.com

164 Spindrift Rd, Carmel Highlands | $9,950,000

1277 Padre Ln, Pebble Beach | $3,995,000

Oceanfront home privately located in a cove featuring views of Point Lobos and the rocky coastline & a private beach

Sited on a private 1-acre knoll offering sweeping ocean views across the Pacific to Point Sur

164SpindriftRoad.com

1277PadreLane.com f e at ur e d p r o p e r t i e s

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Carmelo & 12th Ave SW Corner, Carmel | $2,695,000

26317 Scenic Road, Carmel | $5,950,000

This charming cottage is located in the coveted golden rectangle just 2-short blocks to carmel beach and a short stroll to town.

Stone home on a 7,400 sq ft corner lot with ocean views & one-of-a-kind opportunity. Adjacent lot also available.

CarmeloAnd12th.com

26317ScenicRoad.com

72 Fern Canyon Rd, Carmel Highlands | $13,950,000 Masterpiece estate on 14 acres featuring a main house & three guest houses with ocean views, swimming pool, wine cellar, tennis court and more making it an ideal family compound or artist’s retreat | 72FernCanyonRoad.com 44

TI M A LLE N P R O P E R TI E S

1425 Viscaino Rd, Pebble Beach | $6,995,000 Beautiful new modernized monterey colonial-style residence masterfully designed and exquisitely executed using resourced materials and fixtures from the murray house | 1425Viscaino.com

26334 Carmelo, Carmel | $7,950,000

San Carlos 3 SE of 7th, Carmel | $4,720,000

Perfection on the point with state-of-the-art technology and elaborate finishes with attention to every detail

New luxury condo in the heart of the village with elegant finishes & attention to detail. Two units also available separately

PerfectionOnThePoint.com

SanCarlos3SEof7th.com fe a t u re d p ro p e r t i e s

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3892 Ronda Rd, Pebble Beach | $4,150,000

1138 Portola Rd, Pebble Beach | $4,900,000

Craftsman-style home in a garden setting featuring views of Point Lobos and a separate guest house

French colonial home with mansard roof sited on a private, peaceful, 3+acre parcel in a wooded setting near cypress point.

3892RondaRoad.com

1138PortolaRoad.com

3280 Macomber Dr, Pebble Beach | $5,195,000

Monte Verde 2 NE of 3rd, Carmel | $4,995,000

One-of-a-kind sustainably-built Contemporary home featuring views of Pescadero Point and beyond

"Carmelized" is a sophisticated state-of-the-art residence in a quiet neighborhood just 3-blocks to the shops and restaurants of downtown carmel and a short stroll to carmel's dog-friendly beach.

3280MacomberDr.com 46

TI M A LLE N P R O P E R TI E S

Carmel-ized.com

THE MARKET REPORT

The areas of Carmel, Carmel Va lley, Pebble Beach, and Carmel Highlands, with a ll their varied offerings, continue to be popular markets for people seek ing a weekend respite as well as a full-time home to enjoy the many attractions of the Monterey Peninsula. The overa ll market remains hea lthy as we move through 2019 and look ing back, there has been a slight decline in the sa les activit y while certain areas have experienced record sa les and others have largely remained the same or declined a bit. The overa ll market in the areas mentioned above experienced a decline in the sa les volume in the f irst ha lf of 2019 compared with the same time frame last year, at $513M and $618M respectively. The median sa les price declined slightly to $1.365M in the f irst ha lf of 2019, compared to $1.447M in the f irst ha lf of 2018.

The number of sa les for this combined region tota led 265 in the f irst t wo quarters of 2019, a decrease of 60 sa les versus the same period in 2018. The average price per square foot experienced an increase to $818 in the f irst ha lf of 2019 versus $793 over the same period in 2018. Lastly, the median days on market fell 7 days, to 44, in the f irst ha lf of 2019 compared to 2018.

Turning our attention to the Carmel market, we found that the sa les volume in the f irst t wo quarters of 2019 was down a bit compared to the same period in 2018, at just short of $270M. The median sa les price in Carmel in the f irst t wo quarters of 2019 was $1.550M, up from $1.503M during the same period in 2018. There were 140 sa les in Carmel in the f irst ha lf of 2019, a decrease of 39 sa les compared to the same period in 2018. The average price per square foot jumped to $965 in the f irst ha lf of 2019, up from $885 in the f irst ha lf of 2018. The median days on market remained largely the same, at 44 days in the f irst t wo quarters of 2019 versus 45 days over the same duration in 2018.

Tim A llen Properties remains dedicated to providing our clients with the best ser vice available to both successfully market and sell propert y as well as identif y unique buying opportunities on the Monterey Peninsula. We have started 2019 on a strong note, participating in nearly 50 transactions tota ling over $170 Million in sa les volume year to date. the M A R K E T R E P O R T

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