Market Breakdown

DID YOU KNOW?

The Lone Cypress tree, located on 17-Mile Drive in Pebble Beach, is a scenic landmark for the Peninsula and is nearly 300 years old. Monterey Cypress trees are a species native only to this region and can live up to 4,000 years.

AVERAGE SELLING PRICE

Carmel Highlands, Big Sur & South Coast

Five closed sales during Q2 matched the previous quarter and was down from eight in Q2 2022. $24.5M of the $31.9M in total sales volume for the quarter came from a single sale in Big Sur. With the remaining four sales making up just $7.4M, the median sale price dropped to $1.55M for the quarter. Eleven of the 15 active listings on the market are above $3M in list price.

$1,692,258

9.4% 44.3% versus Q1 2023 versus Q2 2022

DAYS ON MARKET

31

42.6% 24% versus Q1 2023 versus Q2 2022

SALES VOLUME

$21,999,355

1.8% 72.1% versus Q1 2023 versus Q2 2022

UNITS SOLD

13

8.3% 50% versus Q1 2023 versus Q2 2022