Carmel-by-the-Sea & Carmel Point

Carmel-by-the-Sea rebounded in Q2 after an extremely slow first quarter of the year. The total number of sales crept back to 27, up from 17 and 19 in the two previous quarters, but still well below the typical average in the mid-30s to low 40s. Average sale price was strong in Q2 2023 at $3.47M. Th is marks the second highest out of the last six quarters. Five sales over $5M was back to the typical level of high-end sales after we saw just one such sale in Q1 2023.

AVERAGE SELLING PRICE

$3,468,153

8.1% 3.1% versus Q1 2023 versus Q2 2022

DAYS ON MARKET

37

23.3% 362.5% versus Q1 2023 versus Q2 2022

SALES VOLUME

$93,640,131

71.7% 15.7% versus Q1 2023 versus Q2 2022

UNITS SOLD

27

58.8% 18.2% versus Q1 2023 versus Q2 2022