Seaside Housing Market Analysis

SEASIDE HOUSING MARKET ANALYSIS

THE RUIZ GROUP ABOUT

WE DELIVER RESULTS.

NO SHORTCUTS. NO CHEAP TRICKS. NO LOOSE ENDS. THAT SIMPLE AND SALIENT STRATEGY HAS PROVEN ITSELF EFFECTIVE ACROSS THOUSANDS OF TRANSACTIONS. OUR REAL ESTATE PROFESSIONALS UPHOLD THOSE STANDARDS EVERY DAY.

TEAMLEAD

PETE RUIZ

Born and raised in California, Pete has been a resident of the state for over 30 years. Pete has a unique background in prior work experience as a former baseball player with the Boston Red Sox organization from 2008 to 2014. Pete had a playing career of 7 full seasons, all with Boston, and baseball is still a big part of his life as he coaches in the local community. Being a professional athlete was an incredible experience that taught Pete many valuable lessons that he uses in everyday life and business. Pete's work ethic is unparalleled and he is more determined for success compared to anyone else out there. He is a problem solver who thrives under pressure, no matter how high the stakes might be. He is results-driven and has an extensive and proven track record of continuous success.

As a Realtor and Team Leader, Pete has taken his unique skill sets previously used in baseball and has repurposed them into his day-to-day business. Pete will fight and compete harder than anyone else for his clients and holds his fiduciary responsibility to the highest degree. With this being Pete's core value, he always gives his best effort paired with the highest level of focus for all of his clients. No one can match Pete's loyalty, competitiveness, and drive which ensures that his clients are getting the best representation possible, at all times. Pete knows that buying or selling a home is a momentous thing in any person ' s life. You need someone in your corner with local market knowledge, proven experience, and a tenacity to make sure that YOU win. Pete and The Ruiz Group are the people for that job!

WHY INVEST IN SEASIDE, CA?

AFFORDABILITY TO RENT VS. OWN

Historically it’s much cheaper to rent in Monterey County driving monthly rental costs year over year.

FUTURE APPRECIATION

Seaside has seen 129.3% appreciation since 2014.

GENTRIFICATION

Seaside has historically been an impoverished, low-income area. We are seeing lots of generationally owned properties being sold and lots of money being invested into updating and rehabbing these homes. We are also starting to see more new construction as well.

PRIMARY HOME MARKET FOR LOCAL WORKING-CLASS

Seaside is centrally appointed to everything on the Monterey Peninsula and is within 20 minutes of wherever you would need to go. With that said, Seaside is more affordable compared to Monterey, Pacific Grove, and Carmel, making it a convenient and financial viable option for the working class.

LAND IS A COMMODITY ON THE PENINSULA

There is no abundance of buildable land available anywhere on the Peninsula. Water is a also a commodity in Monterey County and if you do not have “water credits” you cannot build.

SEASIDE APPRECIATION 10-YEAR

AVERAGE HOME PRICE IN 2014: $387,467

AVERAGE HOME PRICE IN 2024: $888,616

129.3% APPRECIATION OVER 10 YEARS

12.93% AVERAGE ANNUAL APPRECIATION

***AVERAGE SALES PRICE IN SEASIDE HAS BEEN OVER $1MM, 5 TIMES SINCE 2023*** SALEPRICE,AVERAGE

***AVERAGE SALES PRICE IN SEASIDE HAS BEEN OVER $1MM, 5 TIMES SINCE 2023***

CHECK 2014 DATA

CHECK 2024 DATA

SEASIDE RENTAL APPRECIATION

MONTEREY PENINSULA

As shown on the map below, the city of Seaside is being converged on by new construction developments and the cost of housing in other, more affluent cities on the Monterey Peninsula.

PACIFIC PACIFIC GROVE GROVE

DEVELOPMENT, MARINA

CARMEL CARMEL

PEBBLE PEBBLE

BEACH BEACH

CARMEL

NEW DEVELOPMENT, MARINA

Marina is a city located just north of Seaside by approximately 6 miles. Over the past 5-7 years 3 national home builders have started building large development communities in Marina. Approximately 1,100 homes are being built between these 4 new development communities.