INTRODUCTION

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Specializing in ocean and golf view properties in Carmel and Pebble Beach and premier properties in The Preserve, Mike Canning represents buyers and sellers of the best these areas have to offer. With 20 years of experience in the upper-end market and by limiting his clientele, Mike is able to provide the highest level of professionalism on behalf of his clients. Sotheby's proudly just recognized Mike as their #1 agent for the 10th consecutive year.

Current Market Comments

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February 4, 2010

It has been an active couple of weeks in the prime real estate areas of Carmel: 5 properties went into escrow - prices ranging from $980K to $4M - and one property closed escrow at $2M. Demand continues to lead the Carmel marketplace in the $1M to $1.5M range, although value pricing appears to be motivating Buyers throughout all price points. All things considered, this is a promising start for 2010.

- Amanda

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January 21, 2010

Well, after a sleepy year in 2009, Pebble Beach looks to be waking up: year to date 8 properties have gone into escrow and 4 closed; 7 of the new escrows are in that “hot” price range of $700-$1.5 but we did have one listed at $6.9 go into escrow. Very healthy burst of activity. Clearly too early to forecast a trend but, it’s a very good start to the year in Pebble. My crystal ball is forecasting a bottoming of the market cycle in Pebble this year, with bursts of activity like this followed by quiet spells throughout the year. It will be particularly interesting to monitor any affects of the US Open on the Pebble Beach marketplace this year.

-Mike

January 4, 2010

Well, the new year is upon us and there is every hope, and some reasonably logical expectation, that 2009 will prove to be the bottom of most of our sub-markets. We’ll be keeping a close eye on each market and sector and do our best to keep you apprised of major movements, as well as key nuances. Our year-end analysis and updates will be mailed and posted later this week. As always, don’t hesitate to contact us with any specific questions.

All the best in 2010

- Mike and Amanda