The Monterey luxury real estate market is showing signs of improvement in the first few months of 2011. The top 5 real estate sales for the Monterey Peninsula so far this year are all in prestigious Pebble Beach California:
3180 Cortez sold for $11,250,000 in an “off market” sale represented proudly by Carmel Realty.
3361 17 Mile Drive which sold in 13 days for $7,450,000, 83% of the original list price.
3105 17 Mile Drive sold for $6,500,000.
1553 Riata sold for $4,500,000.
3217 Whitman Lane was a short sale offered for $5,995,000 and sold this week for $4,000,000.
The same time period last year saw only two sales above $4M.