Q3 | 2018
Monterey Peninsula
Market Update
PEBBLE BEACH
sothebyshomes.com/0475261
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 DRE: 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
CARMEL
Stunning Cottage in Carmel Estates | Offered at $1,795,000
sothebyshomes.com/0475481
PACIFIC GROVE
Offered at $1,126,000 sothebyshomes.com/1210686 MONTEREY
Offered at $2,500,000 sothebyshomes.com/1210685 MONTEREY
Offered at $988,000 sothebyshomes.com/0474670 CARMEL
Offered at $7,100,000 sothebyshomes.com/0475165 *in order from left to right, top to bottom
sothebyshomes.com/monterey
5
/ Featured Properties / Monterey Peninsula Q3 Market Update
Market Snapshot
Monterey Peninsula | Q3 2018
Big Sur Coast Pebble Beach Carmel
$1,800,000
350
$1,600,000
345
$1,400,000
340 335
$1,200,000
Pacific Grove
330
$1,000,000
325 $800,000
Monterey/Salinas Hwy
Carmel Valley
Carmel
Carmel Val ley
Monterey
Monterey/Salinas Hwy
Total Units Sold 4 66 51 73 47 47 33
315
$400,000
310
$200,000
305 300
$-
Monterey
Sur Coast
320
$600,000
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
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$-
2014
Big Sur Coast Pacific Grove
Big Sur
2015
2016
Carmel
2017
Carmel Val ley
Monterey
Average Price Hwy Pebble Beach SellingMonterey/Salinas Over Five Years by Area
Carmel
Monterey/Salinas Highway
Carmel Valley
Pacific Grove
7
2018
Monterey
Pebble Beach
/ Q3 Highlights / Monterey Peninsula Q3 Market Update
at a glance {Q3 | 2018}
big sur
-43
%
Change in Average Selling Price {2018 v 2017}
300
%
Change in Units Sold {2018 v 2017}
4
Unit Sold
925k
$
Average Selling Price
|
Average Selling Price Total Units Sold 4.5
$6,000,000
4
$5,000,000
3.5 3
$4,000,000
2.5
$3,000,000
2 1.5
$2,000,000
1
$1,000,000
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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
-47%
-43%
-
-35%
300%
163%
2018
$1,318,500
$924,750
-30%
$1,049,500
4
263
2017
$2,500,000
$1,625,000
-35%
$1,625,000
1
100
2016
$-
$-
0%
$-
0
0
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
9
/ Big Sur / Monterey Peninsula Q3 Market Update
|
Average Selling Price Total Units Sold $2,500,000
76 74
$2,000,000
72 70
$1,500,000
68 $1,000,000
66 64
$500,000
62 $-
60
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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
36%
34%
-
31%
-4%
-5%
2018
$2,556,482
$2,310,785
-10%
$1,822,900
66
68
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
Monterey Peninsula Q3 Market Update / Carmel / 10
at a glance {Q3 | 2018}
carmel
34
%
Change in Average Selling Price {2018 v 2017}
-4
%
Change in Units Sold {2018 v 2017}
66 Units Sold
2.3m
$
Average Selling Price
at a glance {Q3 | 2018}
carmel valley
14
%
Change in Average Selling Price {2018 v 2017}
0
%
Change in Units Sold {2018 v 2017}
51 Units Sold
1.1m
$
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
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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
14%
14%
-
-5%
0%
-18%
2018
$1,221,273
$1,123,828
-8%
$865,000
51
78
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
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
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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
22%
19%
-
19%
-1%
48%
2018
$933,540
$880,148
-6%
$810,000
73
50
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
Monterey Peninsula Q3 Market Update / Monterey / 14
at a glance {Q3 | 2018}
monterey
19
%
Change in Average Selling Price {2018 v 2017}
-1
%
Change in Units Sold {2018 v 2017}
73 Units Sold
880k
$
Average Selling Price
at a glance {Q3 | 2018}
monterey | salinas highway
11
%
Change in Average Selling Price {2018 v 2017}
-10
%
Change in Units Sold {2018 v 2017}
44 Units Sold
1.1m
$
Average Selling Price
|
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
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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
13%
11%
-
7%
-10%
40%
2018
$1,175,719
$1,105,989
-6%
$877,000
44
59
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
17
/ Monterey | Salinas Highway / Monterey Peninsula Q3 Market Update
|
Average Selling Price Total Units Sold 60
$1,040,000 $1,020,000
50
$1,000,000 $980,000
40
$960,000 $940,000
30
$920,000 $900,000
20
$880,000 $860,000
10
$840,000 $820,000
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}
Q3
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2018 v 2017}
Change
4%
2%
-
4%
-4%
10%
2018
$1,085,169
$1,017,467
-6%
$850,000
47
47
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
Monterey Peninsula Q3 Market Update / Pacific Grove / 18
at a glance {Q3 | 2018}
pacific grove
2
%
Change in Average Selling Price {2018 v 2017}
-4
%
Change in Units Sold {2018 v 2017}
47 Units Sold
1.0m
$
Average Selling Price
at a glance {Q3 | 2018}
pebble beach
81
%
Change in Average Selling Price {2018 v 2017}
-11
%
Change in Units Sold {2018 v 2017}
33 Units Sold
4.2m
$
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
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. 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
{2018 v 2017}
Change
72%
81%
-
1%
-11%
-41%
2018
$4,675,463
$4,222,409
-10%
$1,875,000
33
58
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
21
/ Pebble Beach / Monterey Peninsula Q3 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
CARMEL
“Misty� Last asking $8,475,000
MONTEREY
Amazing Resort Lifestyle in Pasadera Last asking $1,480,000 CARMEL
Modern Craftsman Last asking $3,400,000 PEBBLE BEACH
Awe-Inspiring Home Last asking $1,607,000 CARMEL VALLEY
Tranquility and Beauty. Last asking $1,525,000 *in order from left to right, top to bottom
sothebyshomes.com/monterey 23
/ Significant Sales / Monterey Peninsula Q3 Market Update
w i n e i s a n e v e r- e n d i n g j o u r n e y. sothebyswine.com
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