Market Breakdown

DID YOU KNOW?

The widely acclaimed Monterey Jazz Festival has occurred since 1958, and is the longest continuously running jazz festival in the world. Past jazz greats who have performed include Miles Davis, Stan Getz and Dizzie Gillespie.

Marina & East Garrison

Marina and East Garrison saw another record high in average sale price during the quarter, coming in at $973K. Th irty-six sales during the quarter was a 24% increase from Q1’s three-year low, but still below the typical 40-plus sale quarters we have seen over recent years. Home sales over $1M have continued to increase in this area, with 42% of sales coming in over this mark in Q2. Th is doubles the 2022 full-year percentage of 21% of sales over $1M. Monterey Coast Realty represented a side on four sales over $1M during the quarter.

AVERAGE SELLING PRICE

$972,886

12.8% 11.3% versus Q1 2023 versus Q2 2022

DAYS ON MARKET

30

50.8% 66.7% versus Q1 2023 versus Q2 2022

SALES VOLUME

$35,023,910

40% 8.9% versus Q1 2023 versus Q2 2022

UNITS SOLD

36

24.1% 18.2% versus Q1 2023 versus Q2 2022