In total there were five new listings and two sales this week. The new listings in Carmel are, on Santa Rita for $3.495M, on 8th & Forest Ave. for $1.549M, on Camino Real & 9th for $2.198M, on Fairfield Pl. for $1.095M, and on Upper Trails for $ 1.749M.
There were three new listings and three sales for Pebble Beach. The new listings are on Spraunce Rd. for $3.19M, on Wrangler Trail Rd. for $1.035M, and on 17 Mile Dr. for $5.25M
There were no price increases in either Carmel or Pebble Beach this week.
Eleven homes decreased in price, continuing to sustain buyers thinking that there is still room to negotiate on asking price. In Carmel ten homes had a price decrease, on Santa Rita & 2nd from $825K to $795.5K, on 1st Ave. from $1.195M to $995K, on Lobos St. from $799.9K to $699.5K, on Monte Verde & 3rd from $2.995M to $2.75M, on Carmelo from $5.395M to $4.895M, on South San Luis Ave. from $1.095M to $998K, and another on South San Luis Ave. from $939K to $899K, a REO on Morse Dr. from $823.5K to $749.9K, on Dolores St from $1.295M to $1.035M, and on Ribera Rd. from $795K to $774.9K. In Pebble Beach one home had a price decrease, on Cypress Dr. from $9.95M to $8.8M.
This week there were two homes in Carmel that sold and three in Pebble Beach. The Carmel Real Estate sales were on Santa Rita for $1.2M after 96 Days on Market (DOM), and on Torres St. for $581,155 after 9 DOM. The Pebble Beach real estate sales were on El Bosque Dr. for $557K after 80 DOM, on San Carlos Rd. for $1.068M after 71 DOM, and on Hopi Rd. for $845K after 77 DOM.
For a larger picture of Carmel Real Estate sales, 92 homes have sold in the last 120 days (2/10/12 to 6/09/12). Ranging from $4.1M for a home on Santa Lucia & San Antonio to $350K for a home on Rio Rd.. Average DOM is 158 days and average $/sq. ft. is $600. 51 homes in Carmel were $1M or under and 13 homes were REO properties. Pebble Beach Real Estate sales for the same period were 48, from $6.75M for a home on 17 Mile Dr. to $395K for a house on Shepherds Knoll and 7 were REO properties. 24 homes were $1M or under. Average DOM is 162 days and average $/sq. ft. is $483.