Carmel, Carmel-by-the-Sea, Carmel Valley, Pebble Beach, Carmel Highlands, Big Sur & South Coast
2018 Market Report
Dolores South of Seventh ■ P.O. Drawer C ■ Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338
Top Sales This Year
2018 Market Report
1476 Cypress Lane, Pebble Beach ■ $25.25M Represented Buyer & Seller
3334 17 Mile Drive, Pebble Beach ■ $10M Represented Buyer & Seller
3958 Ronda Road, Pebble Beach ■ $9.8M Represented Seller
1476 Alva Lane, Pebble Beach ■ $9.5M Represented Seller
Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338
Table of Contents
2018 Market Report
Carmel, & Carmel-by-the-Sea ����������������������������������� 4 Carmel Valley ������������������������������������������� 6 Pebble Beach ��������������������������������������������� 8 Carmel Highlands, Big Sur & South Coast ���������������������������10
Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338
3
Carmel & Carmel-by-the-Sea
About Carmel
Average Selling Price
T
he Carmel market saw a 12% increase in average sales price over 2017 and an increase in overall sales volume of 6%. The 2018 Carmel market was driven primarily by sales in the $1M-2M range although the number of sales over $5M nearly doubled from 11 in 2017 to 20 last year. Sales were fairly balanced throughout the year with a slight decline in Q4.
vs
Sales Volume
M
2018 Sales by Segment
9%
6% 27%
17%
2018 Market Report
<$1M 1M-2M 2M-3M 3M-5M 5M+
vs
Units Sold
41%
Days on Market
vs
Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013; Fax: 831.624.7338
Carmel & Carmel-by-the-Sea
2018 Market Report
Days on Market
Average vs Median Sales Price $1,900,000
100
$1,612,500
75
$1,325,000
50
$1,037,500
25
2014
2015
2016
Average Sale Price
2017
2018
2014
2015
Closed Sales Volume by Quarter
Closed Sales by Quarter
$2.1M
$165M
90
$1.76M
60
$1.43M
$150M
$135M
$1.09M
30
2017
Q3
2018
2018
Average vs Median Sales Price by Quarter
120
Q2
2017
Median Sale Price
$180M
Q1
2016
Q4
Q1
Q2
2017
Q3
Q4
2018
Q1
Q2
2017 2018
Q3
Q4
2017 Median 2018 Median
Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338
5
Carmel Valley
2018 Market Report
About Carmel Valley
Average Selling Price
C
armel Valleyâ&#x20AC;&#x2122;s average sales price increased by 18% to $1,223,985. While there were 10 sales above $2M in 2018 compared to 5 in 2017, 47% of all sales were under $1M and 44% in $1M2M range. The majority of the sales took place in Q2 & Q3.
vs
Sales Volume
M
2018 Sales by Segment
<$1M 1M-2M 2M-3M 3M-5M 5M+
3% 5%
47%
vs
Units Sold
44%
vs
Days on Market
Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013; Fax: 831.624.7338
Carmel Valley
2018 Market Report
Days on Market
Average vs Median Sales Price $1,300,000
100
$1,100,000
75
$900,000
50
$700,000
25
2014
2015
2016
Average Sale Price
2017
2018
2014
2015
2016
2017
2018
Median Sale Price
Closed Sales Volume by Quarter $50M
Closed Sales by Quarter
Average vs Median Sales Price by Quarter
50
$1.3M
40
$43M
$1.15M
30 $35M
$1M
20 $28M
$0.85M
10
Q1
Q2
2017
Q3
2018
Q4
Q1
Q2
2017
Q3
Q4
2018
Q1
Q2
2017 2018
Q3
Q4
2017 Median 2018 Median
Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338
7
Pebble Beach
2018 Market Report
About Pebble Beach
Average Selling Price
T
he average sales price in Pebble Beach was up an impressive 27% to $2,763,957. This increase was driven by 15 sales above $5M, two of which were above $25M. Transactions in the $1M2M range were steady and represented 53% of the market. Total sales in Q4 accounted for only 11% of 2018 volume, driven primarily by a significant slowdown at the higher end price ranges.
vs
Sales Volume
M
2018 Sales by Segment
11%
<$1M 1M-2M 2M-3M 3M-5M 5M+
12%
11%
13%
vs
Units Sold
vs
53%
Days on Market
Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013; Fax: 831.624.7338
Pebble Beach
2018 Market Report
Days on Market
Average vs Median Sales Price $2,800,000
120
$2,350,000
90
$1,900,000
60
$1,450,000
30
2014
2015
2016
Average Sale Price
2017
2018
2014
2015
2016
2017
2018
Median Sale Price
Closed Sales Volume by Quarter $150M
$120M
Closed Sales by Quarter
Average vs Median Sales Price by Quarter
50
$4.5M
40
$3.8M
30
$3.1M
$90M $2.4M
20 $60M
$1.7M
10
Q1
Q2
2017
Q3
2018
Q4
Q1
Q2
2017
Q3
Q4
2018
Q1
Q2
2017 2018
Q3
Q4
2017 Median 2018 Median
Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338
9
Carmel Highlands, Big Sur & South Coast
About Carmel Highlands
Average Selling Price
T
he Carmel Highlands, South Coast and Big Sur markets experienced an increase of 38% in number of units sold from 13 to 18 sales. The average sales price in this market increased by almost 20% to $2,938,700. The total sales volume increased over 50% to $53M in 2018 versus the previous two years which were eďŹ&#x20AC;ected by limited access to those markets in 2016 and 2017.
vs
Sales Volume
M
2018 Sales by Segment
11%
<$1M 1M-2M 2M-3M 3M-5M 5M+
6%
17%
2018 Market Report
vs
Units Sold
vs
67%
Days on Market
Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013; Fax: 831.624.7338
Carmel Highlands, Big Sur & South Coast
2018 Market Report
Days on Market
Average vs Median Sales Price $3,400,000
400
$2,675,000
300
$1,950,000
200
$1,225,000
100
2014
2015
2016
Average Sale Price
2017
2018
2014
Median Sale Price
Closed Sales Volume by Quarter $30M
2015
Closed Sales by Quarter
2016
2017
2018
Average vs Median Sales Price by Quarter
6
$7M
$23M
$5.25M
4 $16M
$3.5M
2
$8M
Q1
Q2
2017
Q3
2018
Q4
$1.75M
Q1
Q2
2017
Q3
Q4
2018
Q1
Q2
2017 2018
Q3
2018 Q4
2017 Median 2018 Median
Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338
11
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