Greater Carmel The areas outside of Carmel-by-the Sea & Carmel Point

831.624.2300 montereycoastrealty.com

Dolores and Seventh Carmel-by-the-Sea

Carmel Valley Market Update

Carmel Valley experienced a difficult fourth quarter with only 34 sales, lower than every quarter since Q1 of 2019. For the year, units sold was down 36.5% and total sales volume down 34.4% versus 2021. While we saw average sale price come down a bit near the end of the year, Carmel Valley still set a yearly record in the category, topping $1.9M for the first time.

53.9% vs

55.8%

20.5%

5.1%

Carmel Valley Including The Santa Lucia Preserve

831.624.2300 montereycoastrealty.com

Dolores and Seventh Carmel-by-the-Sea

Pebble Beach Market Update

The sales mix in Pebble Beach turned up several higher price sales in Q4 of 2022 versus the previous quarter, resulting in average sales price increasing 29.3% quarter over quarter. Seven out of 22 homes sold in the quarter topped the $5M mark. For the year, Pebble Beach saw only 94 homes sold. This was the first time under 100 sales for the year since 2011. Average sale price for the year was $5.6M, up over 31% from 2021. Total sales volume for the year was $532M, down 20% from last year, and yet the second highest on record.

43.6%

30.4%