2021 Kicko ff and Year in Review
Contents Number of Sales (All Areas) Average DOM (All Areas)
Our goal is to provide you with the data behind the trends and empower you to make the best real estate decisions for you and your loved ones. Homes are our passion and just as every property is unique so are the Buyers and Sellers. The charts we’ve created are a deep dive into the statistics by area on the Monterey Peninsula; they show the activity that has occurred over the last fifteen years and provides context for your understanding of pricing, average days on market, number of sales, as well as percentage of variation in the List to Sales price. Average Days on Market A good indicator of demand, in general the more days on market the lower the demand. Some properties may have also had unrealistic list prices that pushed days higher as well. Number of Sales Indicator of volume movement by area. Some areas are larger or have more properties available which skew the numbers when comparing two different areas. Therefore it is important to look at the trend line of each particular area over time. Average List Price / Average Sale Price The average list and sale price is calculated by adding all home list/sales prices and then dividing by the total number of listings/sales. Averages can be skewed based on extreme data points such as a very high or low price (i.e. all homes sell $1.5-2.25M and one sells at $7M). Median Sale Price The median sales price puts all home sales in order and finds the midpoint. That is where half of the homes sold for more and half the homes sold for less. It is an accurate measure of where homes are actually selling.
3 4 7
Carmel West Carmel East Carmel Highlands Big Sur Pebble Beach Pacific Grove Monterey Carmel Valley Golf Communities
14 16 18
22 30 36 44 49 51 54 56 59
Compass Concierge Highway 68 Corridor About Compass Bambace Peterson Team 2020 Sales Areas
Each community and city has unique micro markets. Pricing varies greatly from one neighborhood to another and encompasses many small areas, with diverse values for the close proximity to one another. To give you a more accurate understanding of value of the micro-areas, we have broken each down into separate groups to best reflect their specific values and activity.
Carmel West: 93921 zip code areas in addition includes Carmel Woods, Carmel Point and Hatton Fields
Carmel East: Carmel Hill, Mission Fields, High Meadows, Jacks Peak and Rio Vista
Carmel Highlands: Neighborhoods South of Rio Road to south end of Yankee Point
Pebble Beach: Each of the five MLS regions represented
Pacific Grove: Nine MLS areas grouped into five segments
Monterey: Fifteen MLS areas grouped into five segments
Carmel Valley: Eleven MLS areas grouped into four segments
Golf Communities: Four golf communities and areas with lots
Highway 68 Corridor: Four different MLS areas represented
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