Q1 | 2018
Monterey Peninsula
Market Update
CARMEL
sothebyshomes.com/0475085
Monterey Peninsula 04
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Featured Properties Market Shapshot | All Areas
Big Sur Carmel
Carmel Valley
global reach
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brand heritage extraordinary marketing
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Monterey Peninsula Brokerages carmel ocean avenue
831.624.9700
carmel rancho brokerage
831.624.1566
Janet Reilly / Senior 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 CalBRE#: 899496.
Monterey Monterey | Salinas Highway Pacific 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
Offered at $3,949,000 sothebyshomes.com/0474882 CARMEL VALLEY
Offered at $1,875,000 sothebyshomes.com/ 0501594 PACIFIC GROVE
Offered at $1,495,000 sothebyshomes.com/1210618 MONTEREY
Offered at $1,250,000 sothebyshomes.com/0475142 MONTERRA
Sublime Contemporary Estate Offered at $5,300,000 sothebyshomes.com/0475119
*in order from left to right, top to bottom
sothebyshomes.com/monterey
5
/ Featured Properties / Monterey Peninsula Q1 Market Update
Market Snapshot
Five Year Comparison
Monterey Peninsula | Q1 2018
Big Sur, Carmel, Carmel Valley, Monterey, Monterey/Salinas Highway, Pacific Grove, and Pebble Beach
5 Year - ASP by Area Big Sur Coast
Pebble Beach Carmel
$1,600,000
350
$1,400,000
300
$1,200,000
250
$1,000,000 200
Pacific Grove $800,000
Carmel Valley
Monterey/Salinas Hwy
150 $600,000 100
$400,000
50
$200,000
Monterey
$-
0
2014 2015 2016 2017 2018
Coast
Carmel
Carmel Val ley
Monterey
Total Units Sold 2 58 35 67 33 39 34
Monterey/Salinas Hwy
Pacific Grove
Pebble Beach
Average Selling Price vs. Total Units Sold
Big Sur
Average Selling Price
Carmel
Total Units Sold
$3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $-
2014
Big Sur Coast Pacific Grove
Big Sur
2015
2016
Carmel
2017
Carmel Val ley
Monterey
Pebble BeachSelling Monterey/Salinas Average Price Hwy Over Five Years by Area
Carmel
Carmel Valley
2018
Monterey
Carmel Valley Monterey Monterey/Salinas Highway
Monterey/Salinas Highway
Pacific Grove
Pebble Beach
Pacific Grove Pebble Beach
7
/ Q1 Highlights / Monterey Peninsula Q1 Market Update
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Average Selling Price Total Units Sold
at a glance {Q1 | 2018}
big sur
$3,500,000
3.5
$3,000,000
3
$2,500,000
2.5
$2,000,000
2
$1,500,000
1.5
$1,000,000
1
$500,000
0.5
$-
-55
0
2014
%
2015
2016
2017
Average Selling Price
2018 Total Units Sold
Change in Average Selling Price {2018 v 2017}
-33
%
Change in Units Sold {2018 v 2017}
2
Unit Sold
1.3m
$
Average Selling Price
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 Pacific 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}
Q1
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
-41%
-55%
-
-46%
-33%
135%
2018
-36%
$1,287,500
2
554
2
245
2017
-17%
$2,400,000
3
236
5
286
2016
-24%
$1,805,000
2
242
2
40
2015
$-
$-
0%
$-
0
0
2014
-17%
$1,650,000
1
373
2
57
9
/ Big Sur / Monterey Peninsula Q1 Market Update
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Average Selling Price Total Units Sold $2,500,000
70 60
$2,000,000
50 $1,500,000
40 30
$1,000,000
20 $500,000
10
$-
0
2014
2015
2016
2017
Average Selling Price
2018 Total Units Sold
at a glance {Q1 | 2018}
carmel
3
%
Change in Average Selling Price {2018 v 2017}
-3
%
About
Carmel
Change in Units Sold
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 first-rate dining, shopping and charming inns, Carmel is a haven for visitors and locals alike. sothebyshomes.com/monterey
{2018 v 2017}
58 Units Sold
{ALP vs ASP}
Q1
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
-1%
3%
-
11%
-3%
-15%
2018
$2,142,472
$1,996,559
-7%
$1,655,000
58
90
2017
$2,168,842
$1,938,275
-11%
$1,492,500
60
105
2016
$2,261,140
$2,004,390
-11%
$1,314,000
62
83
2015
$1,827,779
$1,659,558
-9%
$1,237,500
52
109
2014
$1,880,821
$1,648,978
-12%
$1,276,700
63
133
Monterey Peninsula Q1 Market Update / Carmel / 10
2.0m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
60
$1,200,000
50
$1,000,000 $800,000
at a glance {Q1 | 2018}
carmel valley
40 30
$600,000 20
$400,000
10
$200,000 $-
19
0
2014
%
2015
2016
2017
Average Selling Price
2018 Total Units Sold
Change in Average Selling Price {2018 v 2017}
-10
%
Change in Units Sold {2018 v 2017}
35 Units Sold
1.3m
$
Average Selling Price
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}
Q1
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
24%
19%
-
14%
-10%
21%
2018
$1,469,883
$1,271,750
-13%
$910,000
35
92
2017
$1,181,767
$1,067,362
-10%
$800,000
39
76
2016
$838,815
$823,307
-2%
$819,000
27
56
2015
$939,121
$868,192
-8%
$775,000
53
102
2014
$1,043,348
$870,063
-17%
$704,500
40
101
13
/ Carmel Valley / Monterey Peninsula Q1 Market Update
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Average Selling Price Total Units Sold $900,000
80
$800,000
70
$700,000
60
$600,000
50
$500,000
40
$400,000
30
$300,000
20
$200,000
10
$100,000 $-
0
2014
2015
2016
2017
Average Selling Price
2018 Total Units Sold
at a glance {Q1 | 2018}
monterey
20
%
Change in Average Selling Price {2018 v 2017}
31
%
About
Monterey
Change in Units Sold
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
{2018 v 2017}
67 Units Sold
{ALP vs ASP}
Q1
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
19%
20%
-
18%
31%
-27%
2018
$830,307
$797,647
-4%
$765,000
67
41
2017
$696,163
$663,086
-5%
$650,000
51
56
2016
$667,143
$642,593
-4%
$630,000
49
48
2015
$639,335
$604,156
-6%
$584,950
64
84
2014
$630,818
$595,976
-6%
$565,000
46
76
Monterey Peninsula Q1 Market Update / Monterey / 14
0.8m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
60
$1,200,000
50
$1,000,000 $800,000
at a glance {Q1 | 2018}
monterey | salinas highway
40 30
$600,000 20
$400,000
10
$200,000 $-
31
0
2014
%
2015
2016
2017
Average Selling Price
2018 Total Units Sold
Change in Average Selling Price {2018 v 2017}
-28
%
Change in Units Sold {2018 v 2017}
33 Units Sold
1.3m
$
Average Selling Price
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}
Q1
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
30%
31%
-
26%
-28%
22%
2018
$1,463,455
$1,312,447
-10%
$950,000
33
84
2017
$1,121,913
$1,003,985
-11%
$752,500
46
69
2016
$897,214
$826,285
-8%
$653,750
36
65
2015
$809,615
$744,196
-8%
$637,500
52
104
2014
$725,803
$691,513
-5%
$627,500
32
75
17
/ Monterey | Salinas Highway / Monterey Peninsula Q1 Market Update
|
Average Selling Price Total Units Sold 50
$1,200,000
45 $1,000,000
40 35
$800,000
30 25
$600,000
20
$400,000
15 10
$200,000
5
$-
0
2014
2015
2016
2017
Average Selling Price
2018 Total Units Sold
at a glance {Q1 | 2018}
pacific grove
-5
%
Change in Average Selling Price {2018 v 2017}
-9
%
About
Pacific Grove
Change in Units Sold
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
{2018 v 2017}
39 Units Sold
{ALP vs ASP}
Q1
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
-9%
-5%
-
-2%
-9%
-44%
2018
$988,327
$963,526
-3%
$900,000
39
45
2017
$1,090,128
$1,015,558
-7%
$915,000
43
80
2016
$905,750
$839,685
-7%
$790,550
33
56
2015
$959,764
$908,081
-5%
$815,000
35
62
2014
$779,372
$729,900
-6%
$695,000
37
75
Monterey Peninsula Q1 Market Update / Pacific Grove / 18
1.0m
$
Average Selling Price
|
Average Selling Price Total Units Sold 40
$3,000,000
35
$2,500,000
30 $2,000,000
at a glance {Q1 | 2018}
pebble beach
25 20
$1,500,000
15
$1,000,000
10 $500,000
5
$-
41
0
2014
%
2015
2016
2017
Average Selling Price
2018 Total Units Sold
Change in Average Selling Price {2018 v 2017}
55
%
Change in Units Sold {2018 v 2017}
34 Units Sold
2.8m
$
Average Selling Price
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.
{ALP vs ASP}
Q1
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
46%
41%
-
18%
55%
36%
2018
$3,269,412
$2,752,529
-16%
$1,560,000
34
154
2017
$2,246,855
$1,950,400
-13%
$1,317,500
22
113
2016
$2,476,103
$2,298,731
-7%
$1,700,000
29
99
2015
$2,243,712
$1,875,571
-16%
$1,500,000
25
143
2014
$2,673,287
$2,296,399
-14%
$1,523,000
31
140
21
/ Pebble Beach / Monterey Peninsula Q1 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
PEBBLE BEACH
Elegant Ocean View Townhome Last asking $3,995,000 MONTEREY/SALINAS HIGHWAY
Country & Equestrian Estate Last asking $2,395,000 BIG SUR COAST
Santa Lucia Ranch Last asking $2,000,000 CARMEL
Old World Charm Last asking $1,595,000 PEBBLE BEACH
This View Never Gets Old Last asking $10,000,000
*in order from left to right, top to bottom
sothebyshomes.com/monterey 23
/ Significant Sales / Monterey Peninsula Q1 Market Update
April & May 2018 New York Auction Calendar Magnificent Jewels Auction 18 April The Jeweler’s Eye: The Personal Collection of Fred Leighton Auction 18 April Fine Jewels Auction 19 April Luxe: Art of Design European Decorative Arts & 20th Century Design Auctions 20 & 22 April Life + Curated: The Victor A. Diaz Collection Auction 20 April Finest & Rarest Wines Auction 21 April Print & Multiples Auction 26–27 April Impressionist & Modern Art Evening & Day Sales Auctions 14 & 15 May Raising The Bar: Masterworks from the Collection of Morton and Barbara Mandel Auction 16 May Contemporary Art Evening & Day Auctions Auctions 16 & 17 May Property from a Distinguished New York Private Collection JACKSON POLLOCK Number 32, 1949 To be offered in New York Contemporary Evening Auction 16 May
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com/auctions.
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