Tim Allen Properties Book - AT&T 2020

TIM ALLEN PROPERTIES

WINTER/SPRING 2020

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

THE MARKET REPORT Find out what the real estate market is doing with a summation of the second 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” - Winter/Spring 2020 By: Tim Allen Properties

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

Photography: Properties | Ron Bird Photography | ron@ronbirdphotography.com Front Cover | Peter/Adobe Stock Pg 48, Pg 49 | PackShot/Adobe Stock 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 © 2020

Tim Allen Properties

Printed in USA | Winter/Spring 2020 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 28 PHASE II The Dunes Road Stevenson Drive Spyglass Woods 40 FEATURED PROPERTIES 47 MARKET REPORT BACK COVER about TIM ALLEN

“Since bringing residential lots to market around Poppy Hills and Spyglass Hill golf courses, 35 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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a b o u t P E B B LE B E AC H CO M PA N Y

A B OU T PE BBL E BE AC H C OM 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 Technologies, 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, was 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 wa s dif ferent t ha n what Pacif ic Improvement Company had in mind. Morse wanted to preser ve t h e c o a s t l i n e , s o t h a t t h e p u b l i c could enjoy it – forever. Rather than dice up the prime real estate for a select few homes, Morse wanted to create an ocean"His vision for Pebble Beach fronting golf course available to all. was different than what Pacific That’s how Pebble Beach Golf Links was born.

Improvement Company had in

mind. Morse wanted to preserve the coastline, so that the public could enjoy it – forever."

Morse maintained this philosophy t h rou g hout h i s l i fe. Tod ay, t he shores of Pebble Beach are lined by golf courses a nd 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)

4

TH E M A N W H O M A D E P E B B LE B E AC H

Photo Credit: Julian P. Graham

“ W E LC O M E TO 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.

Poppy 1 Poppy 2 Stevenson Dr. Spyglass Woods Dunes Rd. Lots Future Phases

6

OV E RV I E W

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

Bill Perocchi, CEO Pebble Beach Company

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 8

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

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 PHASE I

9

sold

sold sold

sold Permitted to Build

11

Under Construction

sold

sold

Under Construction

New Home Available

sold

NEW HOME AVAILABLE Home Sold FALL 2019 sold

$6M 5 Bed | 5.5 Bath

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 24 Poppy Lane which is available now for purchase. See page 18 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

14

11 10 Home Available Spring 2020 Home For Sale

Home For Sale

sold

3 2 sold

sold

sold

13 12

RONDA ROAD

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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

LOT 15, 3979 Ronda Road | $1,200,000

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 #15 has tremendous, focused views down the 17th hole with abundant sun settling on the upslope. | 1 Acre

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

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

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

LOT 3, 1413 Viscaino Road | $1,300,000

LOT 13, 3971 Ronda Road | $1,150,000

You can find true 180 degree views of the back nine from this sunny lot adjacent to 13th tee box. | Approx. 1 acre

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

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 3 currently available. The construction on lot 5 is underway. Lot 6 has permits and is ready to build. Lots 1, 4, 10, 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 Lots 5 and 7 currently for sale, and Lot 8 scheduled for completion in Spring 2020.

BEFORE

AFTER

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

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

ARCHITECTURAL RENDERING

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

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POPPY 1 LOT 3, 24 Poppy Lane | $6,495,000 This exceptional property offers an enticing combination of golf course frontage, views and a feeling of privacy. The 4-bedroom, 4.5-bath home features a dramatic great room with ultra-high, soaring cathedral ceilings and walls of glass and is designed for comfortable indoor/outdoor living using quality finishes and craftsmanship.

24Poppy.com

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

JUST LISTED

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

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

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CONSTRUCTION U N D E R WAY

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.

READY 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 5, 1425 Viscaino Road | $5,995,000 This beautiful new modernized Monterey colonial-style residence has been masterfully designed and exquisitely executed using resourced materials and fixtures from the Murray House, an iconic Pebble Beach estate, embodying a connection with Pebble Beach's architectural past.

1425Viscaino.com 24

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

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

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POPPY 2 LOT 7, 1437 Viscaino Road | $5,295,000 Rich in the tradition of the old-world era, this new Mediterranean-style home on 1 acre, makes an impressive statement of luxury and design. Sited on the 13th fairway of Poppy Hills Golf Course, this spacious 5228 sf, single level home blends past and present with rich textures and architectural details. With delightful arched windows and entryways, beamed ceilings, and alder wood cabinetry, stone f loors, French doors, and 12' ceilings, this pristine 5-bedroom and 5.5-bathroom home with two separate attached garages also features an alder wood library with a labyrinth ceiling and French doors opening to a tiled courtyard with decorative wrought iron. The chef 's kitchen merges tumbled marble and granite with custom cabinetry and stainless steel appliances. The backyard covered loggia with travertine patio and steps provide a serene outdoor living space to relax and enjoy the beautiful golf course landscape. Only 6/10ths of a mile from Pebble Beach Lodge.

1437ViscainoRoad.com

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

POPPY 2 LOT 8, 1443 Viscaino Road | $5,275,000 This old world California mission-style home on one acre is located on the 13th Fairway of Poppy Hills Golf Course. Newly constructed single-family home makes an impressive statement of luxury and design. This warm and inviting home is graced with 12-foot ceilings, a delightful ensemble of elliptical windows and archways, hewn beam ceilings, and custom cast-stone f loor to ceiling fireplaces. Flooring of both travertine stone and hand-scrapped, random Planck hickory wood, creates a rare blend of authentic timelessness. This unusual California Mission home with gorgeous tiled front courtyard and covered rear loggia and patio, also has its own attached casita with private bedroom, bathroom, and living room with 11 ft beamed ceilings, kitchenette, and French doors that open to the tiled courtyard. A true Pebble Beach home inspired by California missions of old: Exquisite curb appeal, and thoughtfully oriented for privacy and golf course views. 6/10ths of a mile from Pebble Beach Lodge.

1443Viscaino.com

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

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PHASE II Following the successful rollout of the Phase I parcels, we released the Phase II lots on Spyglass Hills Golf Course in January 2018. This famed course designed by Robert Trent Jones, Sr. has been the setting for golfing drama for over 50 years. To date, we have already sold 13 of the 23 estate parcels. With only 10 remaining, the opportunity to build a dream property in this worldclass neighborhood will be concluded soon.

the dunes road This private cul-de-sac just up the hill from Bird Rock and the 17 Mile Drive proved to be quite attractive to buyers as all 10 of the parcels have been sold. Construction is well underway on many of the new residences and soon Dunes Road will be a completed and desirable gated neighborhood within an easy stroll to the ocean.

For more information about the available lots please visit our website: ThePebbleBeachLots.com

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

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

STEVENSON DRIVE AT SPYGL ASS 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. Seven of the eight parcels remain available.

LOT 2, 3159 Stevenson Drive | $1,150,000 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

31

LOT 5, 3171 Stevenson Drive | $1,195,000 Large frontage on the 9th tee box with views of the 8th green and peeks of the ocean beyond. | Approx. 0.44 acres 32

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

LOT 6, 3158 Stevenson Drive | $1,350,000 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 | $775,000 Location, value and privacy adjacent to dedicated open space neighboring Spyglass Hill Golf Course. | Approx. 0.74 acres

LOT 7, 3154 Stevenson Drive | $1,475,000 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

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LOT 4, 3167 Stevenson Drive | $1,500,000 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 | $1,575,000 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

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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 Drive | $1,000,000 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

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SO L D

LOT 5, 1121 Spyglass Woods Drive | 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 Drive | $1,400,000 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 Drive | $1,300,000 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 Drive | $850,000 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 Antonio 2 SE of 13th, Carmel | $5,500,000 This 3-bed, 2.5-bath home with breathtaking ocean views has just been masterfully rebuilt with outstanding craftsmanship.

SanAntonio2SE13th.com

The Residences on Cypress, Pebble Beach | $13,990,000 This property sited on over 5 private acres is comprised of 2 classic, architecturally significant Mediterranean homes with a combined 11 bedrooms and 10+ baths, featuring an array of lodging possibilities and light equestrian facilities | ResidencesOnCypress.com 40

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

The Cottages at Seven Coves, Carmel Highlands | $23,750,000 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

164 Spindrift Road, Carmel Highlands | $7,995,000

25815 Hatton Road, Carmel | $3,750,000

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

This classic post adobe residence with Spanish tile roof showcases beautiful bird’s-eye ocean views.

164SpindriftRoad.com

HattonFieldsHacienda.com F E AT U RE D P RO P E RTI E S

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22 Paso Del Rio, Carmel Valley | $1,699,000

1255 Padre Lane, Pebble Beach | $5,495,000

This exceptional property with a 4 bedroom, 2.5 bath home and equestrian facilities offers mountain views.

Located close to the Pebble Beach Lodge and Beach & Tennis Club is this commanding ocean view home.

22PasoDelRio.com

1255PadreLane.com

3930 Ronda Road, Pebble Beach | $12,500,000 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 42

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

72 Fern Canyon Road, 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

25600 Boots Road, Monterey | $2,295,000

San Carlos 3 SE of 7th, Carmel | $4,550,000

This wonderful property with panoramic views of the Monterey peninsula takes full advantage of its idyllic location.

This impressive downtown Carmel residence with guest unit includes a permanent grandfathered permit for short-term vacation rental | SanCarlos3SEof7th.com

PeninsulaViews.com

F E AT U RE D P RO P E RTI E S

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112 Pine Way, Carmel Highlands | $2,695,000

10 Alta Madera Ave, Carmel Valley | Inquire for Price

A classic storybook Cottage tucked away in a forested setting showcasing beautiful coastal views.

This majestic modern estate in Carmel Valley features stunning contemporary design and an impressive list of amenities.

StorybookHighlandsCottage.com

AltaMadera.com

3208 Stillwater Lane, Pebble Beach | $13,500,000 Privately located on the 16th fairway of the famed Pebble Beach Golf Links, this commanding Mediterranean estate is an easy stroll to the Beach and Tennis Club and the Lodge at Pebble Beach.

3208StillwaterLane.com 44

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

1675 Crespi Lane, Pebble Beach | $10,950,000 Prepare yourself for breathtaking ocean views throughout this classic Pebble Beach Estate.

PebbleBeachOceanViews.com

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

1410 Viscaino Road, Pebble Beach | $3,495,000

Offering sweeping ocean views, this 5-bedroom, 4.5-bath residence with over 5000 sq ft is located on a private 1-acre knoll.

This 4620 square foot French contemporary manor located in the heart of Pebble Beach features a private guest suite.

1277PadreLane.com

1410Viscaino.com F E AT U RE D P RO P E RTI E S

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3892 Ronda Road, Pebble Beach | $3,995,000

26317 Scenic Road, Carmel | $5,700,000

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

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

3892RondaRoad.com

26317ScenicRoad.com

1536 Viscaino Road, Pebble Beach | $4,950,000

1564 Deer Path, Pebble Beach | $3,275,000

Tucked among a quiet pine forest sits this immaculate home on a private 1-acre parcel with partial ocean views.

A stunning turnkey property in Pebble Beach situated on over an acre of private forested land with ocean views.

1536ViscainoRoad.com

DeerPathPebbleBeach.com

the MARKET REPORT The overall market in Monterey County experienced a slight decrease in sales volume in 2019 verses 2018.

The areas of Carmel, Carmel Valley, Pebble Beach, and Carmel Highlands, with all their varied offerings, continue to be popular markets for people seeking a weekend respite as well as a full-time home to enjoy the many attractions of the Monterey Peninsula. The overall market in these areas remains healthy as we move into 2020 and looking back at the second half of 2019 compared to the second half of 2018, there has been an increase in sales activity and median sales price, a slight decrease in average price per square foot, and an increase in median days on market.

Turning our attention to the Pebble Beach market, we found that the sales volume in the second half of 2019 was significantly higher than the same period in 2018, as was the median sales price. Number of sales showed a significant increase, average price per square foot dropped slightly, and the median days on market once again showed a longer period.

2 018

2 019 Monterey County

Total Sales Volume $2.685B

-2.3%

Total Sales Volume $2.622B

CAR, CV, PB, CHI (Q3 & Q4) Sales Volume $577M

8.67%

Sales Volume $627M

Median Sales Price $1,368,465

2.86%

Median Sales Price $1,426,068

Number of Sales 281

10.30%

Number of Sales 310

Average Price/SqFt $843

-5.20%

Average Price/SqFt $800

Median Days on Market 37

65%

Median Days on Market 61

Pebble Beach (Q3 & Q4) Sales Volume $184M

28%

Sales Volume $235M

Median Sales Price $1,625,000

29.20%

Median Sales Price $2,100,000

Number of Sales 57

21%

Number of Sales 69

Average Price/SqFt $878

-0.80%

Average Price/SqFt $871

Median Days on Market 40

65%

Median Days on Market 66

Tim Allen Properties remains dedicated to providing our clients with the best service available to both successfully market and sell properties as well as identify unique buying opportunities on the Monterey Peninsula. We ended 2019 on a strong note, participating in nearly 72 transactions totaling over $280 Million in sales volume.

t h e M A R KE T R E P O R T

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LOCAL KNOWLEDGE | GLOBAL CONNECTIONS #1 Agent on the Monterey Peninsula

COLDWELL BANKER’S 2018 #1 Agent in 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 t wo 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.

CalBRE#00891159 c 831.214.1990 TIMALLENPROPERTIES.COM

TIM ALLEN PROPERTIES

©2020 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.