Q4 | 2019
Monterey Peninsula
Market Update
CARMEL
Quiet Cove on Carmel Beach
QuietCoveCarmel.com
Monterey Peninsula Brokerages CARMEL OCEAN AVENUE
831.624.9700
CARMEL RANCHO BROKERAGE
831.624.1566
Becky Jones / Vice President / Brokerage Manager CARMEL VALLEY BROKERAGE
831.659.2267
PACIFIC GROVE BROKERAGE
831.372.7700
All data within this document is pulled from the Monterey Peninsula MLS. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity. SIR DRE: 899496.
Monterey Peninsula 04
Featured Properties
06 08 10 12 14 16 18 20 22
Market Snapshot | All Areas Big Sur Carmel
Carmel Valley Monterey Monterey | Salinas Highway
PaciďŹ c Grove Pebble Beach Extraordinary Results
Featured Properties We invite you to explore our exclusive offerings at S OT HEBYSHO M ES.C O M / M O NTER EY
CARMEL
Sky, Land, Sea & Architecture | Offered at $$3,600,000 24755Outlook.com
CARMEL
Offered at $4,095,000 32Portrero.com MONTEREY
Offered at $3,595,000 7625MillsRoad.com PEBBLE BEACH
Offered at $1,699,998 sothebyshomes.com/0476087 PACIFIC GROVE
Offered at $1,150,000 855BayviewAve.com *in order from left to right, top to bottom
sothebyshomes.com/monterey
5
/ Featured Properties / Monterey Peninsula Q4 Market Update
Market Snapshot
Monterey Peninsula | Q4 2019
Big Sur Coast
Pebble Beach
Carmel
Pacific Grove
Carmel Valley
Monterey/Salinas Hwy
$1,600,000
340
$1,550,000
330
$1,500,000
320
$1,450,000
310
$1,400,000
300
$1,350,000
290
$1,300,000
280
$1,250,000
270
$1,200,000
260
$1,150,000
250
2015 2016 2017 2018 2019
Monterey
Carmel
Carmel Val ley
Monterey
Total Units Sold 1 63 57 65 42 48 36
Monterey/Salinas Hwy
Pacific Grove
Pebble Beach
Average Selling Price vs. Total Units Sold
Big Sur
Average Selling Price
Carmel
Total Units Sold
Carmel Valley Monterey Monterey/Salinas Highway Pacific Grove Pebble Beach
Five Year Comparison
5 Year - ASP by Area
Big Sur, Carmel, Carmel Valley, Monterey, Monterey/Salinas Highway, Pacific Grove, and Pebble Beach
$4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $-
2015
Big Sur Coast Pacific Grove
Big Sur
2016
2017
2018
Carmel
Carmel Val ley
Pebble Beach
Monterey/Salinas Hwy
2019
Monterey
Average Selling Price Over Five Years by Area
Carmel
Monterey/Salinas Highway
Carmel Valley
Pacific Grove
7
Monterey
Pebble Beach
/ Q4 Highlights / Monterey Peninsula Q4 Market Update
at a glance {Q4 | 2019}
BIG SUR
-60
%
Change in Average Selling Price {2019 v 2018}
-50
%
Change in Units Sold {2019 v 2018}
1
Units Sold
650k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,800,000
6
$1,600,000
5
$1,400,000 $1,200,000
4
$1,000,000
3
$800,000 $600,000
2
$400,000
1
$200,000 $-
0
2015
2016
2017
2018
Average Selling Price
2019
Total Units Sold
About
Big Sur South of Carmel lies Big Sur, nearly 100 miles of pristine, rugged coastline, where the Santa Lucia Mountains rise precipitously from the PaciďŹ c Ocean, creating some of the most spectacular views and iconic imagery in America. Big Sur is best known for its natural untouched beauty. SOTHEBYSHOMES.COM/MONTEREY
{ALP vs ASP}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2019 v 2018}
Change
-53%
-60%
109%
-60%
-50%
42%
2019
$875,000
$650,000
-26%
$649,000
1
277
2018
$1,847,500
$1,618,750
-12%
$1,618,750
2
195
2017
$1,024,000
$820,000
-20%
$820,000
2
245
2016
$1,496,980
$1,093,660
-27%
$1,200,000
5
286
2015
$975,000
$950,000
-3%
$950,000
2
40
9
/ Big Sur / Monterey Peninsula Q4 Market Update
|
Average Selling Price Total Units Sold 90
$2,500,000
80 $2,000,000
70 60
$1,500,000
50 40
$1,000,000
30 20
$500,000
10 $-
0
2015
2016
2017
2018
Average Selling Price
2019
Total Units Sold
About
Carmel Carmel was founded as an enclave for artists around the turn of the century and remains true to its bohemian roots today. With its idyllic location, its pristine beaches and a village with ďŹ rst-rate dining, shopping and charming inns, Carmel is a haven for visitors and locals alike. SOTHEBYSHOMES.COM/MONTEREY
{ALP vs ASP}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2019 v 2018}
Change
-7%
-10%
34%
-6%
5%
10%
2019
$2,207,791
$1,962,501
-11%
$1,500,000
63
83
2018
$2,373,214
$2,177,030
-8%
$1,596,500
60
76
2017
$2,147,877
$1,912,264
-11%
$1,560,000
77
92
2016
$1,916,551
$1,754,687
-8%
$1,320,000
59
84
2015
$2,307,456
$2,123,943
-8%
$1,442,500
68
96
Monterey Peninsula Q4 Market Update / Carmel / 10
at a glance {Q4 | 2019}
CARMEL
-10
%
Change in Average Selling Price {2019 v 2018}
5
%
Change in Units Sold {2019 v 2018}
63 Units Sold
2.0m
$
Average Selling Price
at a glance {Q4 | 2019}
CARMEL VALLEY
33
%
Change in Average Selling Price {2019 v 2018}
10
%
Change in Units Sold {2019 v 2018}
57 Units Sold
1.5m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,800,000
60
$1,600,000
50
$1,400,000 $1,200,000
40
$1,000,000
30
$800,000 $600,000
20
$400,000
10
$200,000 $-
0
2015
2016
2017
2018
Average Selling Price
2019
Total Units Sold
About
Carmel Valley Just east of Carmel and beyond the “fog line� is Carmel Valley, a sun-soaked region nestled between lush green mountains. Ranch-style homes, vineyards, ranches, horse properties and country club real estate are enhanced by the numerous golf courses and wineries. SOTHEBYSHOMES.COM/MONTEREY
{ALP vs ASP}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2019 v 2018}
Change
39%
33%
46%
3%
10%
38%
2019
$1,714,965
$1,524,593
-11%
$955,000
57
97
2018
$1,237,913
$1,143,550
-8%
$926,250
52
70
2017
$1,179,358
$1,039,469
-12%
$854,500
50
95
2016
$1,287,940
$1,162,330
-10%
$1,120,000
43
59
2015
$1,049,616
$959,561
-9%
$762,500
38
99
13
/ Carmel Valley / Monterey Peninsula Q4 Market Update
|
Average Selling Price Total Units Sold $900,000
90
$800,000
80
$700,000
70
$600,000
60
$500,000
50
$400,000
40
$300,000
30
$200,000
20
$100,000
10
$-
0
2015
2016
2017
2018
Average Selling Price
2019
Total Units Sold
About
Monterey Monterey is the geographical and social center of the Peninsula. Its remarkable waterfront lies along Monterey Bay National Marine Sanctuary. Fisherman’s Wharf, Cannery Row and the famous Monterey Bay Aquarium stretch along the vibrant waterfront. SOTHEBYSHOMES.COM/MONTEREY
{ALP vs ASP}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2019 v 2018}
Change
4%
4%
8%
-5%
7%
61%
2019
$798,112
$749,234
-6%
$685,000
65
77
2018
$767,138
$723,789
-6%
$719,000
61
48
2017
$855,211
$816,121
-5%
$749,750
66
56
2016
$714,027
$670,804
-6%
$647,500
56
44
2015
$665,366
$638,303
-4%
$585,000
78
70
Monterey Peninsula Q4 Market Update / Monterey / 14
at a glance {Q4 | 2019}
MONTEREY
4
%
Change in Average Selling Price {2019 v 2018}
7
%
Change in Units Sold {2019 v 2018}
65 Units Sold
750k
$
Average Selling Price
at a glance {Q4 | 2019}
MONTEREY | SALINAS HIGHWAY
-13
%
Change in Average Selling Price {2019 v 2018}
11
%
Change in Units Sold {2019 v 2018}
42 Units Sold
870k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
70
$1,000,000
60 50
$800,000
40 $600,000 30 $400,000
20
$200,000
10 0
$-
2015
2016
2017
2018
Average Selling Price
2019
Total Units Sold
About
Monterey | Salinas Highway Salinas lies directly east of the Monterey Peninsula and is the county seat and largest city in Monterey County. Situated in the lush and fertile Salinas Valley, known as the Salad Bowl of America,Salinas has a thriving agricultural economy. SOTHEBYSHOMES.COM/MONTEREY
{ALP vs ASP}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2019 v 2018}
Change
-12%
-13%
31%
0%
11%
18%
2019
$932,402
$869,845
-7%
$831,000
42
66
2018
$1,058,268
$1,004,105
-5%
$832,000
38
56
2017
$1,137,048
$1,062,440
-7%
$781,725
58
59
2016
$889,423
$831,832
-6%
$734,000
51
77
2015
$915,456
$866,813
-5%
$665,000
39
63
17
/ Monterey | Salinas Highway / Monterey Peninsula Q4 Market Update
|
Average Selling Price Total Units Sold $1,200,000
54
$1,000,000
52 50
$800,000
48 $600,000 46 $400,000
44
$200,000
42 40
$-
2015
2016
2017
2018
Average Selling Price
2019
Total Units Sold
About
Pacific Grove Popularly known as America’s Last Home Town, Pacific Grove possesses a quaint and quiet charm all its own. Famous for its numerous Victorian-style homes, Pacific Grove has a rich architectural history, apparent in its old-style downtown. SOTHEBYSHOMES.COM/MONTEREY
{ALP vs ASP}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2019 v 2018}
Change
-1%
0%
-18%
14%
20%
11%
2019
$1,268,004
$1,202,497
-5%
$1,087,250
48
62
2018
$1,284,311
$1,203,034
-6%
$950,000
40
56
2017
$1,035,931
$974,058
-6%
$899,000
36
54
2016
$959,153
$901,446
-6%
$800,000
37
57
2015
$1,011,224
$913,313
-10%
$845,000
38
87
Monterey Peninsula Q4 Market Update / Pacific Grove / 18
at a glance {Q4 | 2019}
PACIFIC GROVE
0
%
Change in Average Selling Price {2019 v 2018}
20
%
Change in Units Sold {2019 v 2018}
48 Units Sold
1.2m
$
Average Selling Price
at a glance {Q4 | 2019}
PEBBLE BEACH
97
%
Change in Average Selling Price {2019 v 2018}
38
%
Change in Units Sold {2019 v 2018}
36 Units Sold
3.6m
$
Average Selling Price
|
Average Selling Price Total Units Sold $4,500,000
38
$4,000,000
37
$3,500,000
36 35
$3,000,000
34
$2,500,000
33
$2,000,000
32
$1,500,000
31
$1,000,000
30
$500,000
29
$-
28
2015
2016
2017
2018
Average Selling Price
2019
Total Units Sold
About
Pebble Beach Pebble Beach is a prestigious community world renowned for its unparalleled golf. Boasting seven courses within its gates, it is most notable for the Pebble Beach Golf Links, which is considered by many to be the best public course in the world. SOTHEBYSHOMES.COM/MONTEREY
{ALP vs ASP}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2019 v 2018}
Change
122%
97%
83%
38%
38%
-8%
2019
$4,650,414
$3,638,903
-22%
$2,062,500
36
128
2018
$2,093,442
$1,843,958
-12%
$1,496,950
26
139
2017
$2,747,566
$2,439,028
-11%
$1,625,000
38
82
2016
$4,143,750
$3,561,601
-14%
$1,739,500
28
128
2015
$2,651,960
$2,242,969
-15%
$1,435,000
39
130
21
/ Pebble Beach / Monterey Peninsula Q4 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
PEBBLE BEACH
Historic Colonial Revival Last asking $21,000,000
PEBBLE BEACH
Historic Colonial Revival Last asking $8,150,000 CARMEL
Life is a Beach at “High Tide” Last asking $4,875,000 PACIFIC GROVE
Craftsman Beach Escape Last asking $2,525,000 MONTEREY
Spectacular French Revival Estate Last asking $2,295,000 *in order from left to right, top to bottom
SOTHEBYSHOMES.COM/MONTEREY 23
/ Significant Sales / Monterey Peninsula Q4 Market Update
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