All data within this document is pulled from the Monterey Peninsula MLS. Areas include the Monterey Peninsula. Monterey Peninsula Market Update Second Quarter 2014 MONTEREY PENINSULA BROKERAGES Carmel Rancho Brokerage | t. 831.624.1566 Carmel Valley Brokerage | t. 831.659.2267 Carmel-By-The-Sea Brokerage | t. 831.624.1566 Pacific Grove Brokerage | t. 831.372.7700 Monterra Ranch Brokerage | t.831.625.2075 sothebyshomes.com Carmel Valley | Web ID: 0501368 Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
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All data within this document is pulled from the Monterey Peninsula MLS. Areas include the Monterey Peninsula.
Carmel-By-The-Sea Brokerage | t. 831.624.1566Pacific Grove Brokerage | t. 831.372.7700Monterra Ranch Brokerage | t.831.625.2075
sothebyshomes.com
Carmel Valley | Web ID: 0501368
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
I am pleased to provide a summary of sales activity in the Monterey Peninsula real estate market during the second quarter of 2014. MLSListings.com reports the following Q2 2014 over Q2 2013 statistics:
The number of units sold on the Monterey Peninsula was down by 6 percent, but an increase in sales price was realized in most of our communities. The average sales price overall for Peninsula communities was up 13 percent. Overall trends of note in most of our communities:
• Units sold was down slightly which was attributable to what many real estate professionals feel is a shortage of inventory• Average sales price was up as was median sales price• Discount rate (list to sale price ratio) has increased slightly• Days on market was lower
These positive trends bode well for home sellers in our market. If you are thinking of selling your home this is an incredible market to take advantage of as many of our sellers during this time period enjoyed multiple offers from buyers, which for many, escalated the sales price well above the original asking price.
PEBBLE BEACH | Web ID: 0473747 | $5,790,000
Noel Beutel, Steve Beutel 831.915.0632 CARMEL HIGHLANDS | Web ID: 1210065 | $2,675,000