Pacific Grove Overview
50% of sales are below $1M 27% of sales from $1M-$1.4M
Sales volume in Pacific Grove grew 28.7% to $220,492,236 in 2020 from $171,349,655 in 2019. The overall median home price rose 3% in 2020 to $996,250 with the average sales price up 6% to $1,189,878.
Demand in Pacific Grove remains strong and median prices are up 20% since 2016. Primary homeowners favor the Pacific Grove school district and "hometown" feel. That same genuine charm led to increased second home market. The change in the short-term rental (STR) policy at the end of May 2020 resulted in some additional homes on the market but it was swallowed by a backlog of demand.
77 % of sales below $1.4M
2 sales of $3M+ 13
sales from $2M-$3M versus 6 in 2019 and 3 in 2018
The Bambace Peterson Team 831.200.3178
bambacepeterson@compass.com @bambacepeterson DRE 01731448
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