Q4 | 2017
Monterey Peninsula
Market Update
MONTEREY
sothebyshomes.com/0475015
Only With Us
®
onlywithus.com
global reach brand heritage extraordinary marketing pr powerhouse proven results
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 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
Mediterranean Architectural Masterpiece Offered at $9,500,000 sothebyshomes.com/0474939
CARMEL
Offered at $1,899,000 sothebyshomes.com/0474970 CARMEL HIGHLANDS
Offered at $1,579,000 sothebyshomes.com/0474928 PACIFIC GROVE
Offered at $1,025,000 sothebyshomes.com/1210614 MONTEREY
Offered at $539,000 sothebyshomes.com/0475047 *in order from left to right, top to bottom
sothebyshomes.com/monterey
5
/ Featured Properties / Monterey Peninsula Q4 Market Update
g Sur Coast
Market Snapshot
Monterey Peninsula | Q4 2017
Big Sur Coast
Pebble Beach Carmel
$1,600,000
350
$1,400,000
300
$1,200,000
Pacific Grove
250
$1,000,000 200
Monterey/Salinas Hwy Carmel Valley
$800,000 150 $600,000 100
$400,000 Monterey
50
$200,000
0
$-
2013 2014 2015 2016 2017 Carmel
Carmel Valley
Monterey
Monterey/Salinas Hwy
Total Units Sold 2 77 50 66 58 36 38
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
$4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $-
2013
Big Sur Coast Pacific Grove
Big Sur
2014
2015
2016
Carmel
Carmel Valley
Pebble Beach
Monterey/Salinas Hwy
2017
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 | 2017}
big sur
-25
%
Change in Average Selling Price {2017 v 2016}
-60
%
Change in Units Sold {2017 v 2016}
2
Unit Sold
0.8m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
6
$1,200,000
5
$1,000,000
4
$800,000 3 $600,000 2
$400,000
1
$200,000 $-
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}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
-32%
-25%
-
-32%
-60%
-14%
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
2014
$1,656,920
$1,303,200
-21%
$1,260,000
5
192
2013
$649,850
$537,450
-17%
$537,450
2
57
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
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}
Q4
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 Q4 Market Update / Carmel / 10
at a glance {Q4 | 2017}
carmel
12
%
Change in Average Selling Price {2017 v 2016}
31
%
Change in Units Sold {2017 v 2016}
77 Units Sold
1.9m
$
Average Selling Price
at a glance {Q4 | 2017}
carmel valley
-18
%
Change in Average Selling Price {2017 v 2016}
16
%
Change in Units Sold {2017 v 2016}
50 Units Sold
1.0m
$
Average Selling Price
|
Average Selling Price Total Units Sold $1,400,000
60
$1,200,000
50
$1,000,000
40
$800,000 30 $600,000 20
$400,000
10
$200,000 $-
0
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}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
-8%
-11%
-
-24%
16%
62%
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
2014
$1,096,134
$920,900
-16%
$660,000
18
96
2013
$1,108,763
$976,211
-12%
$910,000
19
106
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
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}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
20%
22%
-
16%
18%
27%
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
2014
$807,600
$744,773
-8%
$642,000
71
78
2013
$744,597
$691,139
-7%
$556,750
74
83
Monterey Peninsula Q4 Market Update / Monterey / 14
at a glance {Q4 | 2017}
monterey
22
%
Change in Average Selling Price {2017 v 2016}
18
%
Change in Units Sold {2017 v 2016}
66 Units Sold
0.8m
$
Average Selling Price
at a glance {Q4 | 2017}
monterey | salinas highway
-28
%
Change in Average Selling Price {2017 v 2016}
-14
%
Change in Units Sold {2017 v 2016}
58 Units Sold
1.0m
$
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
$-
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}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
28%
28%
-
7%
14%
-23%
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
2014
$972,858
$896,348
-8%
$777,500
36
88
2013
$945,647
$855,891
-9%
$725,000
50
103
17
/ Monterey | Salinas Highway / Monterey Peninsula Q4 Market Update
|
Average Selling Price Total Units Sold $1,000,000
50 45
$950,000
40 35
$900,000
30
$850,000
25 20
$800,000
15 10
$750,000
5
$700,000
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}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
8%
8%
-
12%
-3%
-4%
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
2014
$892,306
$838,533
-6%
$739,000
47
59
2013
$905,353
$820,934
-9%
$655,000
45
88
Monterey Peninsula Q4 Market Update / Pacific Grove / 18
at a glance {Q4 | 2017}
pacific grove
8
%
Change in Average Selling Price {2017 v 2016}
-3
%
Change in Units Sold {2017 v 2016}
36 Units Sold
0.9m
$
Average Selling Price
at a glance {Q4 | 2017}
pebble beach
-32
%
Change in Average Selling Price {2017 v 2016}
36
%
Change in Units Sold {2017 v 2016}
38 Units Sold
2.4m
$
Average Selling Price
|
Average Selling Price Total Units Sold $4,000,000
45
$3,500,000
40
$3,000,000
35 30
$2,500,000
25
$2,000,000
20
$1,500,000
15
$1,000,000
10
$500,000
5
$-
0
2013
2014
2015
2016
Average Selling Price
2017 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}
Q4
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market
{2017 v 2016}
Change
-34%
-32%
-
-7%
36%
-36%
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
2014
$2,869,316
$2,607,174
-9%
$1,065,000
31
100
2013
$1,754,539
$1,569,786
-11%
$1,150,000
23
130
21
/ Pebble Beach / Monterey Peninsula Q4 Market Update
Extraordinary Results We celebrate the notable success of our associates and clients
MONTERRA
La Maison En Harmonie Last asking $3,595,000
PEBBLE BEACH
Striking Ocean View Home Near The Lodge Last asking $6,795,000 CARMEL
In the Heart of It All Last asking $1,695,000 CARMEL VALLEY
Picturesque Ranch-Style Home Last asking $1,595,000 MONTEREY
Magnificent Gated Estate Last asking $1,475,000 *in order from left to right, top to bottom
sothebyshomes.com/monterey 23
/ Significant Sales / Monterey Peninsula Q4 Market Update
UPCOMING AUCTIONS ARIZONA 18-19 JAN PARIS 7 FEB AMELIA ISLAND 10 MARCH FORT LAUDERDALE 6-7 APRIL AUBURN SPRING 10-12 MAY MONACO 12 MAY CALIFORNIA LATE JUNE MONTEREY 24-25 AUG AUBURN FALL 30 AUG - 2 SEPT HERSHEY 11-12 OCT LONDON LATE OCTOBER
INQUIRIES: 1 800 211 4371