Greater Carmel

e areas outside of Carmel-by-the-Sea & Carmel Point e greater Carmel area experienced yet another tough quarter, tallying just 13 sales. is marks four consecutive quarters below typical sales levels. Eleven of the 13 sales fell in the $1M-2M range with just one sale above $3M for the quarter. With $44.4M in total sales volume thus far in 2023, the greater Carmel area is on track for its lowest level in this category since 2012.

Average Selling Price

$1,692,258

9.4% 44.3% versus Q1 2023 versus Q2 2022

Days on Market

31 42.6% 24% versus Q1 2023 versus Q2 2022

Sales Volume

$21,999,355

1.8% 72.1% versus Q1 2023 versus Q2 2022

Units Sold

13 8.3% 50% versus Q1 2023 versus Q2 2022

Did You Know?

Point Lobos State Reserve near Carmel hosts a geologic wonder: rocks of four “ages” can be found there, including the unusual Carmel formation dating back to the Paleocene age (over 60 million years old).