Pacific Grove

Quarter 2 in Pacific Grove was consistent with its previous two quarters. The number of sales (32) was just two above the slow quarters of Q4 2022 and Q1 2023. Average sale price ($1.55M), while down 9.4% versus Q1, was up 1.6% compared to Q2 2022. Th is strong average sale price paired with average days on the market coming in at 30 days, shows a strong demand when new homes come on the market. One of the main drivers in the Pacific Grove market continues to be low inventory, with just 18 active listings moving into Q3.

AVERAGE SELLING PRICE

$1,547,380 9.4% 1.6% versus Q1 2023 versus Q2 2022

DAYS ON MARKET

30

44.4% 233.3% versus Q1 2023 versus Q2 2022

SALES VOLUME

$49,516,155

3.4% 26.1% versus Q1 2023 versus Q2 2022

UNITS SOLD

32

6.7% 27.3% versus Q1 2023 versus Q2 2022