Market Statistics for the Monterey Peninsula

Prepared by: Kathleen Hendricks, Broker Associate @ David Lyng Real Estate CalBre01378614

Source: MLS (REIL)

Carmel (includes South Coast)

Months of Supply 6.8

Average Price past 1 year $1,697,489

Days to Sell Average Aug-84 Sept-101 Oct-104 Nov-102

Average Days on Market past 1 year 114

Carmel Valley

Months of Supply 9.8

Average Price past 1 year $1,075,738

Average Days to Sell  Aug: 32 Sept: 37 Oct: 53 Nov: 61

Average Days on Market past 1 year 93

Pebble Beach

Months of Supply 8.3

Average Price past 1 year $2,042,782

Average Days to Sell  Aug: 79  Sept: 250 Oct: 131 Nov: 152

Average Days on Market past 1 year 120

Monterey

Months of Supply 2.9

Average Price past 1 year $878,437

Average Days to Sell  Aug: 51 Sept: 75 Oct: 63 Nov: 47

Average Days on Market past 1 year 80

Marina

Months of Supply 1.2

Average Price past 1 year $454,786

Average Days to Sell  Aug: 32 Sept: 26 Oct: 26 Nov: 45

Average Days on Market past 1 year 55

Pacific Grove

Months of Supply 4.0

Average Price past 1 year $905,096

Average Days to Sell  Aug: 78 Sept: 49 Oct: 109 Nov: 83

Average Days on Market past 1 year 60

Seaside

Months of Supply 2.4

Average Price past 1 year $411,608

Average Days to Sell  Aug: 22 Sept: 34 Oct: 75 Nov: 38

Average Days on Market past 1 year 50

Happy Thanksgiving from Kathleen

Joyful gatherings.  Traditions. The gift of being with those we love.   With gratitude and appreciation I wish you a wonderful Thanksgiving holiday. ~Kathleen  David Lyng Real Estate | | kathleen@kathleenhendricks.com

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In looking at our local market around Carmel which includes (Carmel by the Sea, Carmel county, Carmel Highlands and Carmel Valley) we have just +/- three months of inventory which is historically low and has created more of a seller's market (6 months supply is considered healthy).  When you also take into account the fact that our market is considered high-end, or luxury (that is a generalization, of course), which means that properties typically are on the market for a longer period of time, one can see that demand is certainly outweighing supply.