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Pebble Beach
High-priced sales remained hard to come by in Pebble Beach during Q2 2023. Just one sale over $10M occurred in Q2, closing on the last day of the quarter, with Carmel Realty Company representing both seller and buyer. Just 17 sales and $63.8M in total sales volume closed in the quarter, each result being the lowest in the area over the last three years. irty homes remain on the market heading into Q3, the most over the last nine months. is includes 15 homes over $5M, four of which are over $10M. ere are a few healthy sales currently in escrow and expected to close in Q3, indicating a much stronger quarter ahead in Pebble Beach.
Average Selling Price
$3,751,294
4.4% 24.3% versus Q1 2023 versus Q2 2022
Days on Market
48
41.2% 17.1% versus Q1 2023 versus Q2 2022
Sales Volume
$63,772,000
29% 35.7% versus Q1 2023 versus Q2 2022
Units Sold
17 32% 15% versus Q1 2023 versus Q2 2022 e Lone Cypress tree, located on 17-Mile Drive in Pebble Beach, is a scenic landmark for the Peninsula and is nearly 300 years old. Monterey Cypress trees are a species native only to this region and can live up to 4,000 years.
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Carmel Highlands, Big Sur & South Coast
Five closed sales during Q2 matched the previous quarter and was down from eight in Q2 2022. $24.5M of the $31.9M in total sales volume for the quarter came from a single sale in Big Sur. With the remaining four sales making up just $7.4M, the median sale price dropped to $1.55M for the quarter. Eleven of the 15 active listings on the market are above $3M in list price.
Average Selling Price
$6,380,000
118.5% 30.9% versus Q1 2023 versus Q2 2022
Days on Market
78
27.1% 8.2% versus Q1 2023 versus Q2 2022
Sales Volume
$31,900,000
118.5%
18.2% versus Q1 2023 versus Q2 2022
Units Sold
5 no change 37.5% versus Q1 2023 versus Q2 2022 e Bixby Bridge in Big Sur was built by prisoners eager to earn “good time” o their prison sentences. It is one of the world’s highest single-span bridges at 714 feet long by 260 feet high.
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