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Carmel-by-the-Sea, Carmel Point, Greater Carmel, Carmel Valley, Pebble Beach, Carmel Highlands, Big Sur & South Coast

2019 Market Report

Dolores South of Seventh ■ P.O. Drawer C ■ Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338


Top Sales This Year

2019 Market Report

3256 17 Mile Drive, Pebble Beach ■ LP: $32M Represented Buyer & Seller

1536 Cypress Drive, Pebble Beach ■ LP: $31.5M Represented Seller

3908 Ronda Road, Pebble Beach ■ LP: $12M Represented Buyer & Seller

NE Corner of Scenic & 8th, Carmel-by-the-Sea ■ LP: $7.5M Represented Buyer & Seller

Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338


Table of Contents

2019 Market Report

Carmel-by-the-Sea & Carmel Point���������������������������������������� 4 Greater Carmel���������������������������������������� 6 Carmel Valley������������������������������������������� 8 Pebble Beach��������������������������������������������10 Carmel Highlands, Big Sur & South Coast�������������������������� 12

Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338

3


Carmel-by-the-Sea & Carmel Point

About Carmel-by-the-Sea

C

2019 Market Report

Average Selling Price

armel-by-the-Sea and Carmel Point performed quite well throughout 2019. While most of our other markets experienced more volatility in units sold and pricing quarter by quarter, Carmel was steady all year. The total number of sales went up 11% while the average sales price decreased by 7% and total sales volume increased 3%. There was particular strength in the number of transactions in the $1-2M range of the market but the rest of the price ranges also performed well.



2019 Sales by Segment

10% 5% 11% 29%

45%

<$1M | 15 1M-2M | 66 2M-3M | 43 3M-5M | 16 5M+ | 7



vs

Sales Volume

M 

vs

Units Sold

 

Days on Market

vs



Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013;  Fax: 831.624.7338


Carmel-by-the-Sea & Carmel Point

2019 Market Report

Days on Market

Average vs Median Sales Price $2.5M

100

$2M

75

$1.5M

50

$1M

25

2015

2016

2017

Average Sale Price

2018

2015

2019

2016

2017

2018

2019

Median Sale Price

Closed Sales Volume by Quarter

Closed Sales by Quarter

$100M

40

$75M

30

Average vs Median Sales Price by Quarter $2.75M

$2.25M

$50M

20

$25M

10

$1.75M

Q1

Q2

2018

Q3

2019

Q4

Q1

Q2

2018

Q3

Q4

2019

Q1

Q2

2018 2019

Q3

Q4

2018 Median 2019 Median

Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338

5


Greater Carmel

2019 Market Report

About Greater Carmel

G

Average Selling Price

reater Carmel is considered neighborhoods of Carmel that fall outside of Carmel-by-the-Sea proper and Carmel Point. These neighborhoods experienced a slow start to the year. Poor weather and macroeconomic factors caused a major reduction in sales units and overall volume in the first several months of 2019. A strong second half made up significant ground in sales and volume. Final numbers show average sale price down 4%, unit sales down 14% and total volume oďŹ&#x20AC; year over year by 18%.



4%

42%

14%

vs

Sales Volume

M 

2019 Sales by Segment

1%



vs

<$1M | 32 1M-2M | 30 2M-3M | 11 3M-5M | 3 5M+ | 1

Units Sold





vs

39% Days on Market



Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013;  Fax: 831.624.7338


Greater Carmel

2019 Market Report

Days on Market

Average vs Median Sales Price $1.75M

90

$1.5M

67.5

$1.25M

45

$1M

22.5

2015

2016

2017

Average Sale Price

2018

2015

2019

2016

2017

2018

2019

Median Sale Price

Closed Sales Volume by Quarter

$50M

Closed Sales by Quarter

Average vs Median Sales Price by Quarter

30

$2M

20

$1.5M

10

$1M

$38M

$25M

$13M

Q1

Q2

2018

Q3

2019

Q4

Q1

Q2

2018

Q3

Q4

2019

Q1

Q2

2018 2019

Q3

Q4

2018 Median 2019 Median

Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338

7


Carmel Valley

2019 Market Report

About Carmel Valley

Average Selling Price



C

armel Valley had a very strong Q4. There was almost four times the sales volume in Q4 compared to Q1 of this year. The sales volume was only down 3% compared to the Carmel area being down by 18%. The average sales price is also up quarter over quarter bringing it to just over $1.3M for the year. The major support comes from the sales growth of homes under $2M.



vs

Sales Volume

M 

2019 Sales by Segment

1% 6% 7%

54%

vs

<$1M | 108 1M-2M | 65 2M-3M | 13 3M-5M | 12 5M+ | 2

Units Sold

 

vs

33% Days on Market



Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013;  Fax: 831.624.7338


Carmel Valley

2019 Market Report

Average vs Median Sales Price

Days on Market

$1.5M

100

$1.25M

75

$1M

50

$0.75M

25

2015

2016

2017

Average Sale Price

2018

2019

2015

2016

2017

2018

2019

Median Sale Price

Closed Sales Volume by Quarter

$100M

Closed Sales by Quarter

Average vs Median Sales Price by Quarter

80

$1.5M

64

$78M

$1.25M

48

$55M

$1M

32

$33M

$0.75M

16

Q1

Q2

2018

Q3

2019

Q4

Q1

Q2

2018

Q3

Q4

2019

Q1

Q2

2018 2019

Q3

Q4

2018 Median 2019 Median

Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338

9


Pebble Beach

2019 Market Report

About Pebble Beach

A

Average Selling Price

fter a slow start in Q1, Pebble Beach had a strong year in 2019. The purchase of second homes in Pebble Beach is mostly discretionary. With government shutdown, trade and stock market issues in Q1 buyers waited for things to settle down. Volume picked up after Q1 and total sales dollars in Q4 almost tripled Q1. Results were impacted by a strength at the high price points with 3 transactions over $20M for the year. These sales also helped drive average sale price up by 13% year over year.

 

vs

Sales Volume

M 

2019 Sales by Segment

9% 6% 16%

49%

vs

<$1M | 11 $1M-2M | 60 $2M-3M | 25 $3M-5M | 19 $5M+ | 7

Units Sold





20% Days on Market

vs



Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013;  Fax: 831.624.7338


Pebble Beach

2019 Market Report

Average vs Median Sales Price

Days on Market

$3.2M

120

$2.65M

90

$2.1M

60

$1.55M

30

2015

2016

2017

Average Sale Price

2018

2019

2015

2016

2017

2018

2019

Median Sale Price

Closed Sales Volume by Quarter

$150M

Closed Sales by Quarter

Average vs Median Sales Price by Quarter

50

$4.5M

40

$120M

$3.5M

30

$90M

$2.5M

20

$60M

$1.5M

10

Q1

Q2

2018

Q3

2019

Q4

Q1

Q2

2018

Q3

Q4

2019

Q1

Q2

2018 2019

Q3

Q4

2018 Median 2019 Median

Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338

11


Carmel Highlands, Big Sur & South Coast

About Carmel Highlands

T

2019 Market Report

Average Selling Price

he Big Sur, South Coast, Carmel Highlands market typically does not have enough transaction volume for data to be predictive. This year there were 9 sales in this area compared to 18 in 2018. Inclement weather and heavy rains increasingly impact sales in this region. The second half of the year was much more active than the first half. With a number of strong oceanfront and ocean view listings, we expect 2020 to be healthy year.



2019 Sales by Segment

11% 22%

67%

<$1M | 0 $1M-2M | 6 $2M-3M | 2 $3M-5M | 0 $5M+ | 1



vs

Sales Volume

M 

vs

Units Sold





vs

Days on Market



Dolores South of Seventh â&#x2013; P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 â&#x2013;  Fax: 831.624.7338


Carmel Highlands, Big Sur & South Coast

2019 Market Report

Average vs Median Sales Price

Days on Market

$3.5M

260

$2.75M

195

$2M

130

$1.25M

65

2015

2016

2017

Average Sale Price

2018

2019

2015

2016

Closed Sales Volume by Quarter

Closed Sales by Quarter

$7M

$23M

6

$5.25M

$16M

4

$3.5M

$8M

2

$1.75M

Q2

2018

Q3

2019

2019

Average vs Median Sales Price by Quarter

8

Q1

2018

Median Sale Price

$30M

$1M

2017

Q4

Q1

Q2

2018

Q3

Q4

2019

Q1

Q2

2018 2019

Q3

Q4

2018 Median 2019 Median

Dolores South of Seventh ■ P.O. Drawer C Carmel-by-the-Sea, California 93921 Office: 831.622.1000 ■ Fax: 831.624.7338

13


A Cornerstone in Luxury Real Estate for Over One Hundred Years Courtney Adamski

Dave Howarth

Rebecca Wolf Arnold

Courtney Jones

Carrie Baumgart

Karen Katz

Chris Baumgart

David Kent

Mark Baxter

Lynn Knoop

James Bell

Greg Kraft

Mary Bell

Steve LaVaute

Sarah Bouchier

Marcie Lowe

Paul Brocchini

Doug McKenzie

Kris Butler

Linda Miller

Peter Butler

Vicki & Bill Mitchell

Christine Chin

Shelly Mitchell Lynch

Susan Clark

Jamal Noorzoy

Lisa Talley Dean

Christina Pappas

Elizabeth Dini

Judie Profeta

Mark Duchesne

Chris Pryor

Bobbie Ehrenpreis

Melanie Rolfe Rosen

Bill Faber

Mark Ryan

Maria Finkle

Connie Snowdon

Susan Freeland

Jim Somerville

Nick Glaser

Ed Stellingsma

Michelle Hammons

Judy Tollner

Christine Handel

Carla White

Malone Hodges

Rhonda Williams

Profile for Carmel Realty Company

2019 Annual Report  

2019 Annual Report