Monterey & Del Rey Oaks

831.624.2300 montereycoastrealty.com

Dolores and Seventh Carmel-by-the-Sea

Pacific Grove Market Update

Pacific Grove had a down Q4, after a strong Q3 in 2022. Average sale price dipped to $1.42M, the lowest of the year and since Q2 of 2021. Only 30 sales for the quarter tied Q1 of 2022 for the lowest of the year. Fifty percent of the sales for the quarter took place in the $800k-$1.2M range, showing lower priced homes are selling later in the year and sale price may be decreasing overall in the area. The highest sale segment for the year was the $1.2-2M range (42%).

32.6%

33.3%

28.6%