Q2 | 2018
Monterey Peninsula
Market Update
CARMEL VALLEY
sothebyshomes.com/0475287
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 Peninsula 04 06 08 10 12 14 16 18 20 22
Featured Properties Market Snapshot | All Areas
Big Sur Carmel
Carmel Valley 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
PEBBLE BEACH
Le Deuxieme Chalet des Canaries | Offered at $5,895,000
sothebyshomes.com/0475331
CARMEL
Offered at $2,599,000 sothebyshomes.com/0475353 PEBBLE BEACH
Offered at $2,495,000 sothebyshomes.com/0475252 MONTEREY
Offered at $988,000 sothebyshomes.com/0475344 CARMEL
Offered at $2,175,000 sothebyshomes.com/0475131 *in order from left to right, top to bottom
sothebyshomes.com/monterey
5
/ Featured Properties / Monterey Peninsula Q2 Market Update
g Sur Coast
Market Snapshot
Monterey Peninsula | Q2 2018
Big Sur Coast $1,350,000
Pebble Beach
Carmel
370 365
$1,300,000
360 $1,250,000
Pacific Grove
355 350
$1,200,000
345
Carmel Valley
Monterey/Salinas Hwy
$1,150,000
340 335
$1,100,000
330 $1,050,000
Monterey
Carmel
Carmel Val ley
Monterey
Monterey/Salinas Hwy
Total Units Sold 4 62 70 75 58 45 46
325 320
$1,000,000
2014 2015 2016 2017 2018
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
Big Sur, Carmel, Carmel Valley, Monterey, Monterey/Salinas Highway, Pacific Grove, and Pebble Beach
5 Year - ASP by Area
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$-
2014
Big Sur Coast Pacific Grove
Big Sur
2015
2016
2017
Carmel
Carmel Val ley
Pebble Beach
Monterey/Salinas Hwy
2018
Monterey
Average Selling Price Over Five Years by Area
Carmel
Monterey/Salinas Highway
Carmel Valley
Pacific Grove
7
Monterey
Pebble Beach
/ Q1 Highlights / Monterey Peninsula Q2 Market Update
at a glance {Q2 | 2018}
big sur
-30
%
Change in Average Selling Price {2018 v 2017}
100
%
Change in Units Sold {2018 v 2017}
4
Unit Sold
900k
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,600,000
4.5
$1,400,000
4 3.5
$1,200,000
3
$1,000,000
2.5
$800,000
2
$600,000
1.5
$400,000
1
$200,000
0.5
$-
0
2014
2015
2016
2017
Average Selling Price
2018 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 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}
Q2
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
-60%
-30%
0%
-20%
100%
-32%
2018
$1,318,500
$924,750
-30%
$1,049,500
4
263
2017
$3,272,000
$1,317,500
-60%
$1,317,500
2
387
2016
$1,249,667
$1,201,667
-4%
$1,175,000
3
60
2015
$825,000
$625,000
-24%
$625,000
1
103
2014
$1,200,000
$1,200,000
0%
$1,200,000
1
27
9
/ Big Sur / Monterey Peninsula Q2 Market Update
|
Average Selling Price Total Units Sold $2,500,000
76 74
$2,000,000
72 70
$1,500,000
68 66
$1,000,000
64 62
$500,000
60 58
$-
56
2014
2015
2016
2017
Average Selling Price
2018 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 first-rate dining, shopping and charming inns, Carmel is a haven for visitors and locals alike. sothebyshomes.com/monterey
{ALP vs ASP}
Q2
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
2%
4%
-
21%
-11%
-30%
2018
$2,125,045
$1,945,531
-8%
$1,785,466
62
59
2017
$2,081,756
$1,861,785
-11%
$1,474,500
70
84
2016
$2,029,889
$1,829,975
-10%
$1,355,000
63
75
2015
$1,651,948
$1,514,479
-8%
$1,100,000
69
104
2014
$1,602,919
$1,495,218
-7%
$1,247,500
74
103
Monterey Peninsula Q2 Market Update / Carmel / 10
at a glance {Q2 | 2018}
carmel
4
%
Change in Average Selling Price {2018 v 2017}
-11
%
Change in Units Sold {2018 v 2017}
62 Units Sold
1.9m
$
Average Selling Price
at a glance {Q2 | 2018}
carmel valley
6
%
Change in Average Selling Price {2018 v 2017}
3
%
Change in Units Sold {2018 v 2017}
70 Units Sold
1.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
80
$1,200,000
70 60
$1,000,000
50
$800,000
40 $600,000
30
$400,000
20
$200,000
10 0
$-
2014
2015
2016
2017
Average Selling Price
2018 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}
Q2
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
0%
6%
-
7%
3%
-7%
2018
$1,361,911
$1,272,811
-7%
$1,072,500
70
77
2017
$1,368,397
$1,205,035
-12%
$1,000,000
68
83
2016
$1,478,228
$1,320,003
-11%
$1,037,500
74
83
2015
$1,150,860
$1,066,697
-7%
$875,000
57
105
2014
$1,058,441
$975,366
-8%
$770,000
63
84
13
/ Carmel Valley / Monterey Peninsula Q2 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
$-
2014
2015
2016
2017
Average Selling Price
2018 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}
Q2
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
17%
20%
-
12%
-5%
7%
2018
$853,951
$831,700
-3%
$782,000
75
48
2017
$730,744
$693,354
-5%
$700,000
79
44
2016
$702,933
$681,043
-3%
$662,500
70
37
2015
$665,601
$645,777
-3%
$612,500
64
56
2014
$732,965
$694,196
-5%
$595,000
72
63
Monterey Peninsula Q2 Market Update / Monterey / 14
at a glance {Q2 | 2018}
monterey
20
%
Change in Average Selling Price {2018 v 2017}
-5
%
Change in Units Sold {2018 v 2017}
75 Units Sold
800k
$
Average Selling Price
at a glance {Q2 | 2018}
monterey | salinas highway
-9
%
Change in Average Selling Price {2018 v 2017}
0
%
Change in Units Sold {2018 v 2017}
58 Units Sold
900k
$
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
$-
2014
2015
2016
2017
Average Selling Price
2018 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}
Q2
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
-11%
-9%
-
0%
0%
-10%
2018
$966,264
$925,577
-4%
$790,250
58
43
2017
$1,080,542
$1,020,986
-6%
$793,750
58
48
2016
$874,974
$843,002
-4%
$712,000
55
47
2015
$913,674
$867,504
-5%
$664,000
54
80
2014
$954,893
$888,402
-7%
$722,500
48
77
17
/ Monterey | Salinas Highway / Monterey Peninsula Q2 Market Update
|
Average Selling Price Total Units Sold $1,050,000
70
$1,000,000
60 50
$950,000
40 $900,000 30 $850,000
20
$800,000
10
$750,000
0
2014
2015
2016
2017
Average Selling Price
2018 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}
Q2
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
-3%
-1%
-
-2%
-18%
13%
2018
$1,012,349
$981,725
-3%
$878,000
45
43
2017
$1,047,212
$994,992
-5%
$899,000
55
38
2016
$977,985
$932,016
-5%
$844,500
60
47
2015
$868,875
$845,375
-3%
$762,500
56
45
2014
$1,002,896
$916,712
-9%
$699,000
53
70
Monterey Peninsula Q2 Market Update / Pacific Grove / 18
at a glance {Q2 | 2018}
pacific grove
-1
%
Change in Average Selling Price {2018 v 2017}
-18
%
Change in Units Sold {2018 v 2017}
45 Units Sold
1
$ m Average Selling Price
at a glance {Q2 | 2018}
pebble beach
15
%
Change in Average Selling Price {2018 v 2017}
35
%
Change in Units Sold {2018 v 2017}
46 Units Sold
2.2m
$
Average Selling Price
|
Average Selling Price Total Units Sold $2,500,000
50 45
$2,000,000
40 35
$1,500,000
30 25
$1,000,000
20 15
$500,000
10 5
$-
0
2014
2015
2016
2017
Average Selling Price
2018 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.
{ALP vs ASP}
Q2
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
17%
15%
-
-14%
35%
21%
2018
$2,434,672
$2,200,515
-10%
$1,437,000
46
97
2017
$2,078,785
$1,921,148
-8%
$1,670,000
34
80
2016
$1,790,809
$1,602,450
-11%
$1,319,594
32
96
2015
$2,503,279
$2,226,872
-11%
$1,348,750
34
98
2014
$2,583,073
$2,128,058
-18%
$1,425,000
33
134
21
/ Pebble Beach / Monterey Peninsula Q2 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
CARMEL
Quail Meadows Contemporary Last asking $5,850,000
CARMEL VALLEY
Oaks & Vistas In Carmel Valley Village Last asking $2,395,000 MONTEREY
Stunning Views of Monterey Bay Last asking $5,950,000 PEBBLE BEACH
Architectural Masterpiece Last asking $6,200,000 MONTEREY
Greene Mansion Last asking $999,000 *in order from left to right, top to bottom
sothebyshomes.com/monterey 23
/ Significant Sales / Monterey Peninsula Q2 Market Update
UPCOMING AUCTIONS MONTEREY 24-25 AUGUST AUBURN FALL 30 AUGUST-2 SEPTEMBER HERSHEY 11-12 OCTOBER THE PORSCHE 70TH ANNIVERSARY SALE 27 OCTOBER LOS ANGELES 8 DECEMBER
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