Pebble Beach Overview
$486M+ of Sales in 2020 versus $390M in 2019 38% of sales between $2M-$3M in 2020
The Pebble Beach continues the past few years of strong sales across all areas and price points. Sales volume in Pebble Beach grew 24.3.% to $485,993,791 in 2020 from $390,863,988. The overall median home price rose 28% in 2020 to $2,262,500 with the average sales price also up 28% to $3,471,384. In 2020, 28% of sales were in the $1M - $1.6M price point with another 24% in the $1.6M-$2M. 38% of sales were between $2M-$3M - clearly a sweet spot. 20% of sales were between $3M-5M and 17% above $5M+ range. Compared to 2016, total sales volume is up 59%, median prices are up 46%, and average home sales price up 33%. Some of this is attributed to generational $20M+ estates that have recently sold.
The Bambace Peterson Team 831.200.3178
bambacepeterson@compass.com @bambacepeterson DRE 01731448
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