All data within this document is pulled from the Monterey Peninsula MLS. Areas include the Monterey Peninsula. Monterey Peninsula Market Update Third Quarter 2015 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 Pacific Grove | Web ID: 1210162 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.
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 for the Monterey Peninsula real estate market during the third quarter of 2015. MLSListings.com reports the following Q3 2015 over Q3 2014 statistics:
The number of units sold on the Monterey Peninsula was up by 7.6% and average days on the market was down slightly. However there was a decrease of 9% in average sales price in most communities.
Of particular interest in Q3 2015: • Carmel Highlands: Average sales price was up more than 400%, reflected in the three sales that closed in Q3 • Carmel Valley: Average sales price was up 20% • Monterey: Units sold up 32%; average sales price down 26% • Pacific Grove: Units were up 21%
These positive trends bode well for home sellers on the Monterey Peninsula. If you are thinking of selling your home, this is a strong market to take advantage of as many sellers during Q3 2015 enjoyed multiple offers from buyers.
CARMEL | Web ID: 0474290 | $1,649,000Gin Weathers 831.594.4752, Charlotte Gannaway 831.297.2388