Big Sur Overview
3 Bambace Peterson represented 30% of sales in 2020 10 homes sold in 2020 versus 3 in 2019
Big Sur is a dramatic stretch of coastline that is a grounding and energizing spirit for so many. The area has 5-7 million visitors pass through every year. While many dream of moving to this rugged stretch of coast, only the smallest fraction actually do it. In 2020 a few more made their move a reality with a 333% increase in home sales from the year prior. However, this was only 10 total home sales. There were 5 residential lots that sold.
The average price of $3,091,667 and a median price of $2,600,000 for home sales illustrates the limited supply.
While demand was at an all-time high with the most sales in decades, days on market is still long averaging 135 days versus 200 in 2019 and 431 in 2018.
46902 Pfeiffer Ridge Road | $4,200,000 Represented Seller
The Bambace Peterson Team 831.200.3178
bambacepeterson@compass.com @bambacepeterson DRE 01731448
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