Market Breakdown

DID YOU KNOW?

The Monterey Bay National Marine Sanctuary covers 5,312 square miles. This is one and a half times the size of the largest national park in the continental U.S. At its center is a submarine canyon twice as deep as the Grand Canyon.

Market Update

Seaside

Quarter 2 in Seaside slightly edged the previous quarter in number of sales (30), average sale price ($854k), and total sales volume ($25.6M). The number of closed sales in Seaside remains below what we have seen over the last two years, and even below prepandemic levels. The lack of inventory and increased interest rates are holding this market back from sales levels experienced over the last several years. Low supply and consistent demand have kept the average sale price high, reaching a near record high of $854k during Q2.

AVERAGE SELLING PRICE

$854,404 16.6% 1.4% versus Q1 2023 versus Q2 2022

DAYS ON MARKET

35

9.4% 150% versus Q1 2023 versus Q2 2022

SALES VOLUME

$25,632,109

45.7% 44.2% versus Q1 2023 versus Q2 2022

UNITS SOLD

30

25% 43.4% versus Q1 2023 versus Q2 2022