Q3 | 2017
Monterey Peninsula
Market Update
CARMEL
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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 Shapshot | 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 OTHEBYS H O ME S.C O M/MO NTE R E Y
CARMEL HIGHLANDS
Oceanfront Contemporary | Offered at $8,295,000 sothebyshomes.com/0474839
PEBBLE BEACH
Offered at $2,398,857 sothebyshomes.com/0474852 CARMEL VALLEY
Offered at $1,449,000 sothebyshomes.com/0474788 CARMEL
Offered at $875,000 sothebyshomes.com/0474918 PACIFIC GROVE
Offered at $929,000 sothebyshomes.com/1210547 *in order from left to right, top to bottom
sothebyshomes.com/monterey
5
/ Featured Properties / Monterey Peninsula Q3 Market Update
r Coast
Market Snapshot
Monterey Peninsula | Q3 2017
Big Sur Coast
$1,400,000
350 345
$1,200,000
Pebble Beach
340
Carmel $1,000,000
335 330
$800,000
Pacific Grove
325 $600,000
Carmel Valley
Monterey/Salinas Hwy
320 315
$400,000
310 $200,000 Monterey
305
$-
300
2013 2014 2015 2016 2017
Carmel
Carmel Valley
Monterey
Monterey/Salinas Hwy
Total Units Sold 1 69 51 74 53 49 37
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
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$-
2013
2014
2015
2016
Big Sur Coast
Carmel
Carmel Valley
Pacific Grove
Pebble Beach
Monterey/Salinas Hwy
2017
Monterey
Average Selling Price Over Five Years by Area
Big Sur
Carmel
Monterey/Salinas Highway
Carmel Valley
Pacific Grove
7
Monterey
Pebble Beach
/ Q3 Highlights / Monterey Peninsula Q3 Market Update
at a glance {Q3 | 2017}
big sur
0
%
Change in Average Selling Price {2017 v 2016}
0
%
Change in Units Sold {2017 v 2016}
1
Unit Sold
2.5m
$
Average Selling Price
|
Average Selling Price Total Units Sold $6,000,000
3.5
$5,000,000
3 2.5
$4,000,000
2 $3,000,000 1.5 $2,000,000
1
$1,000,000
0.5 0
$-
2013
2014
2015
2016
Average Selling Price
2017
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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
n/a
n/a
-
n/a
n/a
n/a
2017
$2,500,000
$1,625,000
-35%
$1,625,000
1
100
2016
n/a
n/a
n/a
n/a
0
n/a
2015
$4,183,333
$3,179,167
-24%
$3,137,500
3
449
2014
$5,800,000
$5,250,000
-9%
$5,250,000
1
630
2013
$3,472,500
$3,125,000
-10%
$3,125,000
2
171
9
/ Big Sur / Monterey Peninsula Q3 Market Update
|
Average Selling Price Total Units Sold $2,000,000
76
$1,800,000
74
$1,600,000
72
$1,400,000 $1,200,000
70
$1,000,000
68
$800,000
66
$600,000
64
$400,000
62
$200,000
60
$-
2013
2014
2015
2016
Average Selling Price
2017 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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
19%
16%
-
7%
0%
13%
2017
$1,885,657
$1,722,683
-9%
$1,390,000
69
72
2016
$1,579,222
$1,485,672
-6%
$1,300,000
69
63
2015
$1,682,154
$1,524,308
-9%
$1,200,000
67
94
2014
$1,688,269
$1,545,337
-8%
$1,250,000
75
85
2013
$1,492,244
$1,362,188
-9%
$1,100,000
65
129
Monterey Peninsula Q3 Market Update / Carmel / 10
at a glance {Q3 | 2017}
carmel
16
%
Change in Average Selling Price {2017 v 2016}
0
%
Change in Units Sold {2017 v 2016}
69 Units Sold
1.7m
$
Average Selling Price
at a glance {Q3 | 2017}
carmel valley
-17
%
Change in Average Selling Price {2017 v 2016}
-16
%
Change in Units Sold {2017 v 2016}
51 Units Sold
1.0m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
62
$1,200,000
60 58
$1,000,000
56
$800,000
54 $600,000
52
$400,000
50
$200,000
48 46
$-
2013
2014
2015
2016
Average Selling Price
2017 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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
-15%
-17%
-
-4%
-16%
10%
2017
$1,067,348
$983,958
-8%
$915,000
51
95
2016
$1,260,248
$1,191,901
-5%
$950,000
61
86
2015
$1,104,564
$1,041,450
-6%
$777,000
55
46
2014
$820,487
$750,129
-9%
$732,000
52
88
2013
$988,506
$922,343
-7%
$715,000
51
73
13
/ Carmel Valley / Monterey Peninsula Q3 Market Update
|
Average Selling Price Total Units Sold $1,000,000
90
$900,000
80
$800,000
70
$700,000
60
$600,000
50
$500,000
40
$400,000
30
$300,000 $200,000
20
$100,000
10
$-
0
2013
2014
2015
2016
Average Selling Price
2017 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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
9%
9%
-
3%
-3%
-7%
2017
$768,167
$740,994
-4%
$680,000
74
34
2016
$706,536
$678,299
-4%
$658,250
76
37
2015
$670,076
$638,306
-5%
$625,000
83
46
2014
$901,636
$862,797
-4%
$635,000
63
69
2013
$705,696
$667,993
-5%
$602,500
84
74
Monterey Peninsula Q3 Market Update / Monterey / 14
at a glance {Q3 | 2017}
monterey
9
%
Change in Average Selling Price {2017 v 2016}
-3
%
Change in Units Sold {2017 v 2016}
74 Units Sold
0.7m
$
Average Selling Price
at a glance {Q3 | 2017}
monterey | salinas highway
-6
%
Change in Average Selling Price {2017 v 2016}
-9
%
Change in Units Sold {2017 v 2016}
53 Units Sold
0.9m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,200,000
60
$1,000,000
58 56
$800,000
54 $600,000 52 $400,000
50
$200,000
48 46
$-
2013
2014
2015
2016
Average Selling Price
2017 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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
-10%
-6%
-
-5%
-9%
-37%
2017
$923,838
$881,228
-5%
$725,000
53
57
2016
$1,029,095
$941,926
-8%
$761,000
58
90
2015
$1,073,837
$1,008,050
-6%
$799,000
57
77
2014
$1,043,516
$1,000,628
-4%
$739,450
54
64
2013
$763,127
$715,099
-6%
$535,000
51
94
17
/ Monterey | Salinas Highway / Monterey Peninsula Q3 Market Update
|
Average Selling Price Total Units Sold $1,200,000
60
$1,000,000
50
$800,000
40
$600,000
30
$400,000
20
$200,000
10
$-
0
2013
2014
2015
2016
Average Selling Price
2017 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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
9%
11%
-
2%
9%
-22%
2017
$1,043,173
$997,854
-4%
$817,500
49
42
2016
$960,298
$898,287
-6%
$799,000
45
54
2015
$935,935
$897,082
-4%
$731,000
46
52
2014
$938,326
$894,830
-5%
$676,250
38
65
2013
$762,626
$723,703
-5%
$711,250
46
73
Monterey Peninsula Q3 Market Update / Pacific Grove / 18
at a glance {Q3 | 2017}
pacific grove
11
%
Change in Average Selling Price {2017 v 2016}
9
%
Change in Units Sold {2017 v 2016}
49 Units Sold
1.0m
$
Average Selling Price
at a glance {Q3 | 2017}
pebble beach
-21
%
Change in Average Selling Price {2017 v 2016}
6
%
Change in Units Sold {2017 v 2016}
37 Units Sold
2.3m
$
Average Selling Price
|
Average Selling Price Total Units Sold 38
$3,500,000
37
$3,000,000
36
$2,500,000
35 34
$2,000,000
33 $1,500,000
32 31
$1,000,000
30
$500,000
29
$-
28
2013
2014
2015
2016
Average Selling Price
2017 Total Units Sold
About
Pebble Beach 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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
-27%
-21%
-
17%
6%
-22%
2017
$2,720,005
$2,333,808
-14%
$1,850,000
37
98
2016
$3,701,443
$2,954,629
-20%
$1,580,000
35
126
2015
$2,054,081
$1,843,392
-10%
$1,315,000
31
115
2014
$2,472,715
$2,148,404
-13%
$1,610,000
34
92
2013
$2,347,294
$2,119,940
-10%
$1,052,500
36
94
21
/ Pebble Beach / Monterey Peninsula Q3 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
PEBBLE BEACH
Romantic Mediterranean Estate Last asking $4,400,000
PACIFIC GROVE
Bay Front Arts & Crafts Home Last asking $3,780,000 PEBBLE BEACH
California Dreaming Last asking $3,495,000 CARMEL VALLEY
TreVista Last asking $2,995,000 CARMEL
Captivating Carmel Last asking $2,095,000 *in order from left to right, top to bottom
sothebyshomes.com/monterey 23
/ Significant Sales / Monterey Peninsula Q3 Market Update
Property from a Distinguished Private Collection ANDY WARHOL Dollar Sign, 1981 To be sold 16 November in New York Contemporary Art Evening Auction
November 2017 New York Auction Calendar
Impressionist & Modern Art Evening Sale Auction 14 November Impressionist & Modern Art Day Sale Auction 15 November Contemporary Art Evening Auction Auction 16 November Contemporary Art Day Auction Auction 17 November
We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com/auctions. 1334 YORK AVENUE, NEW YORK, NY 10021 ENQUIRIES +1 212 606 7000 SOTHEBYSHOMES.COM SOTHEBYS.COM/AUCTIONS FOLLOW US @SOTHEBYS © 2017 ANDY WARHOL FOUNDATION FOR THE VISUAL ARTS / ARTISTS RIGHTS SOCIETY (ARS), NEW YORK SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2017