Usanditia ne endem. Es ellictor sitat andendam et quae omnimendamus il ium sapieni mustenis rerat pera et utes corerem nimus et, testrum faccusandus. Tate nonsequi doloris sus natem debis mos earcipsapid quia volum que si acestem unt quos volor mo ma veliquam harum re ne laut accus alic tentis eos a simpos apiet eum fuga. Ut quiae simincit aut omniantiis dem rerehenem ipit quat il ipsum re ni optatur, con necabore magnatur, niae. Omnim debit et occum quidel ius ma diorepeliat vendio enest, con core voloratiam qui officiis dolupiet lignate nisquas quam, corendae magniet officimos mi, que occat minus, ommo cone omnitem volorest eictian destem. At officie nditiore quassita idelit quiam, cuptatati dolorestio volorrovide sitiur as as expeles ratiasperis eaquo
Carmel-by-the-Sea saw 28 home sales close during Q2, which was just a few below what we typically see during this quarter. The average sales price of $4.53M was strong, boosted by three large sales over $13M. The median sales price of $2.8M was lower than we’ve seen over the last few years, due to an increase in home sales in the $1M-2M price segment. Total sales volume came in at a healthy level of $126.8M for the quarter, though down 11.0% from an incredibly strong Q2 2024. Inventory has not increased in this area as much as other areas, due to a continued strong demand for housing. The average days on the market of 52 days during Q2 is a typical number we see in today’s market. Carmel Realty Company Agents represented at least one side of the top six sales in Carmel-by-the-Sea in Q2.
Average Selling Price $4,528,458
Average Days on Market
52
$126,796,833
Units Sold
28 Sales Volume
Q2 2025 Market Breakdown
Average vs. Median Sales Price in millions
Total Sales Volume By Quarter in millions
Number of Closed Sales By Quarter
Did You Know?
Carmel-by-the-Sea is known for attracting various celebrities and artists. Clint Eastwood served as mayor of the village from 1986-1988. Other notable celebrities, artists and writers who have called Carmel home include Doris Day, John Denver, Ansel Adams and Jack London.
“Monterey County Fun Facts”, Monterey County Convention & Visitors Bureau, 2020
Q2 2025 Market Breakdown
Average vs. Median Sales Price in millions
Total Sales Volume By Quarter in millions
Number of Closed Sales By Quarter
Median Sales Price in millions
Did You Know?
Robert Louis Stevenson modeled Treasure Island’s Spyglass Hill after Point Lobos State Reserve near Carmel. “Monterey County Fun Facts”, Monterey County Convention & Visitors Bureau, 2020
Carmel Valley
Including the Santa Lucia Preserve
While the average sales price was strong during Q2 ($2.22M), Carmel Valley had a bit of an underwhelming quarter with just 41 home sales, down from 53 sales each of the past two Q2s. This led to an 11.5% drop in total sales volume year-over-year. The average days on market in the area for the quarter was 74 days, which is longer than every area on the peninsula besides Carmel Highlands/Big Sur. One reason for this is the increased inventory in the area with 89 active listings on the market, the most we have seen since mid-2020.
Average Selling Price $2,224,799
Average Days on Market
74
$91,216,750
Units Sold
41 Sales Volume
Q2 2025 Market Breakdown
Total Sales Volume By Quarter in millions Average vs. Median Sales Price in millions
Number of Closed Sales By Quarter
in
Did You Know?
Monterey County has 349 vineyards, 82 bonded wineries and 65 tasting rooms. The wide range of climates allow Monterey County to grow over 30 different wine grape varietals.
“Monterey County Fun Facts”, Monterey County Convention & Visitors Bureau, 2020
Pebble Beach
Pebble Beach saw its first $10M+ sale of 2025, an offmarket sale double ended by Carmel Realty Company Agents. This along with a mix of other home sales led to a quarterly average sales price of $3.44M, the highest since Q2 2024. While 23 sales during Q2 were the most of any second quarter since 2021 and a number that is on par with what we have seen over the last three years, it is still 5-10 sales shy of a fully healthy Pebble Beach market. After poor total sales volume performances over the past two years, Pebble Beach is on pace to top each year’s sales volume in 2025. Carmel Realty Agents represented at least one side on each of the four highest sales in Pebble Beach during the quarter.
Units Sold
23
Q2 2025 Market Breakdown
Sales Price in millions
Sales Price in millions Total Sales Volume By Quarter in millions Average vs.
Number of Closed Sales By Quarter
Did You Know?
17-Mile Drive through Pebble Beach is one of only nine private toll roads in the country, and the only one west of the Mississippi.
“Monterey County Fun Facts”, Monterey County Convention & Visitors Bureau, 2020
Carmel Highlands, Big Sur & South Coast
The Carmel Highlands and Big Sur area experienced its second-best quarter over the last three years. Nine home sales during Q2 2025 accounted for $32.7M in total sales volume. This gave an average sales price of $3.63M for the quarter, up 4.2% from the last quarter and 12.2% from Q2 of last year. Five of the nine sales during the quarter took place in the Carmel Highlands, including a $14.75M sale in the Otter Cove community. Eight listings over $10M remain on the market, along with another nine over $5M.
Average Days on Market 90 Average Selling Price $3,630,444 versus Q1 2025 4.2% versus Q2 2024 12.2%
9 Sales Volume $32,674,000
Units Sold
Q2 2025 Market Breakdown
Average vs. Median Sales Price in millions
Total Sales Volume By Quarter in millions
Number of Closed Sales By Quarter
Sales Price in millions
Did You Know?
Local settings from around the Monterey Peninsula have provided the backdrops for more than 180 films and television shows. You’ll recognize many scenes in HBO’s award winning mini-series Big Little Lies in Big Sur and the Carmel Highlands.
“Monterey County Fun Facts”, Monterey County Convention & Visitors Bureau, 2020
Authentic Market Leaders & True Industry Experts
As the market leading luxury brokerage, for over 100 years we have consistently delivered outstanding quality and service to our clients. Our handpicked team of agents share our commitment to quality, integrity, and the community. Unmatched experience, local knowledge, and collaboration has allowed our team to achieve the highest average agent production in the market year after year. When you work with Carmel Realty Company, you can take comfort in knowing you are working with an authentic expert in Monterey Peninsula real estate.
