As we reflect on the past year, it's clear that the Monterey Peninsula is undergoing exciting growth and transformation Our community is united by a shared vision: to preserve the unique charm that has drawn visitors from around the world, while embracing progress and transformation.
This newsletter aims to highlight the changes shaping our area from the development of new neighborhoods and businesses, to the diverse range of local events that bring us together
We will also explore the evolving real estate market, which continues to attract new residents and investors, while keeping multigenerational families
We hope to keep you informed and connected to the latest news while fostering a sense of pride and excitement about the future of the Monterey Peninsula
Whether you're a longtime resident or new to the area, we invite you to join us in celebrating the ongoing transformation of our beloved community
TheMaloneHodgesTeam
January 2025
In this newsletter you can expect:
Culinary Delights
Volunteer Spotlight Community Updates
Milestones
Local Events Real Estate
Culinary Delights:
This year, we’ve welcomed many new restaurants to our community, each offering amazing food that the Monterey Peninsula is known for Supporting these local businesses year-round is key to keeping our culinary scene vibrant and thriving.
We’re excited to enjoy all the delicious meals and memories to come!
through the collaboration of the Tatum’s Garden Foundation and the Carmel Valley Community Youth Center. It is a fully accessible space designed to offer inclusive play for children of all abilities It was a rewarding experience, and they are excited to see the park which opened on December 14th, already having a positive impact on the community
Hops and Fogs Brewing Co (Pacific Grove)
Solstice (Big Sur)
Jeju (Carmel-by-the-Sea)
Otto’s Bread Co (Salinas)
Lady & Larder (Carmel Valley)
Carmel Valley Creamery (Carmel Valley)
Woody’s (Del Mesa)
Jacks’s Bao (Monterey)
The Brass Tap (Marina)
Community Updates:
We're thrilled that the new Trader Joe's in Marina is officially open! As our Peninsula continues to grow, this exciting addition reflects the dynamic changes happening in the area With the recent surge in housing developments The need for a grocery store became strikingly clear Marina now joins Monterey and Pacific Grove as home to one of the three Trader Joe's locations.
Opened 2024*
Pictured:DevonMeeker&EliseCricchio
2024 Milestones:
40th Anniversary of Monterey Bay Aquarium
50th Rolex Monterey Motorsports Reunion
90th Anniversary of Big Sur River Inn
65th Anniversary of the
180th anniversary Calamari Contest
2024 AT&T Pebble Beach Pro-Am - large purse, a strong field, and a course record
25th Anniversary of Monterey Bay Aquarium's Seafood Watch Program
of Monterey
Local Events:
Local Trivia:
Other Brother Beer (Seaside)
Tuesdays
Post No Bills (Carmel)
Tuesdays
Tipsy Putt (Monterey)
Wednesdays
Sovino Wine Bar (Monterey)
Wednesdays
Links Club (Carmel-by-the-Sea)
Thursdays
Hacienda (Carmel Valley)
Thursdays
Annual Events: During Q1
AT&T Pro Am
Jan 29st - Feb 2nd
Big Sur Foragers Festival
Jan 24th - 26th
Taste of Carmel
March 7th
Jazz Bash
March 7th - 9th
Weekly Events:
Pub Run (fleet feet/fieldwork)
Mondays
Story Time (Harrison Library)
Wednesdays
Vinyl Thursdays (Wine House)
Thursdays
Karaoke (Sovino Wine Bar)
Fridays
Line dancing (Hacienda)
Saturdays
F
Tuesday - Monterey 4-7
Thursdays - Carmel 10-2
Thursdays - Seaside 4-7
Fridays - Del Monte 8-12
Fridays - Salinas Valley 12-5
Saturdays - Old town Salinas 9-2
Sunday - Carmel Valley 10-3
Cheers tothe NewYear!
Q4 2024 Monterey Peninsula Market: Key
Insights and Trends
The real estate market across the Monterey Peninsula demonstrated resilience in 2024, maintaining overall health despite slowdowns at key price points
Throughout the year and particularly in the lead-up to the Q4 presidential election the market experienced reduced activity in both inventory and demand Many buyers and sellers chose to wait until after the election to make real estate decisions, leading to a 10% decline in the number of homes sold compared to Q3, and a 37% drop in new listings Nevertheless, pricing held firm, with the average sales price rising 11% quarter-over-quarter and showing a modest 2% increase from Q4 2023
On an annual basis, 2024 reflected stability, highlighting consistent demand despite political uncertainty The average sales price rose 3% compared to 2023, while the number of homes sold increased by 5% Total sales volume for the year reached an impressive $1 9 billion, up 6% year-over-year
Greater Carmel, Marina, and Seaside stood out as the ‘healthiest’ markets among the nine we monitor, demonstrating consistent growth in both Q4 and throughout the year
As we look to 2025, the momentum is evident, with 106 homes already set to close a strong start compared to the 236 total sales recorded in Q4 2024
Top 1% of Licensed Agents on the Monterey Peninsula
#3 Small Team In Carmel
6% Average savings when representing Buyers *over the last two years
#10 Team across the Monterey Peninsula
99% Average sales price when representing Sellers *over the last two years
