Carmel Valley

Including e Santa Lucia Preserve

A er six months of slow sales, Q2 bounced back to healthy levels in Carmel Valley. Fi y-three total sales mark the most since Q2 of 2022, up from 39 and 34 in the two previous quarters. While average sale price ($1.785M for the quarter) was down 8.2% year over year, it was up 29.6% from Q1 2023. A er zero home sales over $3M in Q1, we saw 10 such sales in Q2, showing high priced buyers are coming back to the area. Carmel Realty Company had a hand in four of the top seven sales in the area for the quarter, two of which were double ended.

Average Selling Price

$1,785,639 29.6% 8.2% versus Q1 2023 versus Q2 2022

Days on Market

49

7.5% 63.3% versus Q1 2023 versus Q2 2022

Sales Volume

$94,638,850

76.1% 21.5% versus Q1 2023 versus Q2 2022

Units Sold

53 35.9% 14.5% versus Q1 2023 versus Q2 2022

Did You Know?

Monterey County is the largest grower of Chardonnay in the United States and the largest grower of Pinot Noir in California. Monterey County has 349 vineyards, 82 bonded wineries and 65 tasting rooms.