2020 Bambace Peterson 2020 Market Report

Carmel Highlands Overview

147% increase with 42 homes sold versus 17 in 2019 $16M highest sale price for new construction

The Carmel Highlands experienced an astounding 147% increase in total home sales as people looked for more space. The overall median home price rose 17% in 2020 to $2,592,500 with the average sales price up 38% to $3,579,733. In 2020, 19% of sales were in the $1.1M - $1.6M price point with another 21% in the $1.6M-$2M. 60% of the sales were over $2M+ range with 9 homes selling over $5M. Compared to 2016, total sales volume is up 233%, median prices are up 11%, and average home sales price up 50%. Some of this is attributed to two large sales of $16M+ and $13M+ estates.

The Bambace Peterson Team 831.200.3178

bambacepeterson@compass.com @bambacepeterson DRE 01731448

Made with FlippingBook - professional solution for displaying marketing and sales documents online