Pacific Grove

831.624.2300 montereycoastrealty.com

Dolores and Seventh Carmel-by-the-Sea

Seaside Market Update

Seaside had a slow last quarter of 2022, but had a nice year overall. Only 30 sales took place during Q4 for a total sales volume of $25.7M, each being the lowest of any quarter this year. During all of 2022, average sale price was up 9% compared to last year, allowing total sales volume to come down just 9.4% (the smallest decrease in total sales volume of any area on the peninsula).

vs

33.3%

85%

831.624.2300 montereycoastrealty.com

Dolores and Seventh Carmel-by-the-Sea

Marina Market Update

The Marina and East Garrison market stood strong and had a consistent Q4 when compared to the rest of 2022. Average sale price during Q4 actually hit a record high, topping $900k. The 40 sales in the quarter was right on pace with the 2022 quarterly average. The average days on market did rise to 39 days, up from 32 last quarter and just 13 days in Q4 of 2021. For all of 2022, total sales volume came in 17.7% down from 2021 with 24.4% fewer homes sold.

$903,995

8.8% 2022 vs 2021

10.3% Q4 2022 vs

$36.2M

17.7% 2022 vs 2021

16.7%

2021

39

24.4% vs 2021 24.5%

145.5% 2022 vs 2021

200%