We all know that real estate is a local phenomenon. One area can be doing great and another not so great, even only blocks apart.
Here are a few statistics, very telling in terms of whether the market has picked up or not by area here on the peninsula over the last 12 months:
Here are a few statistics, very telling in terms of whether the market has picked up or not by area here on the peninsula over the last 12 months:
Homes sold avg price sold homes under contract
Carmel up 42% down 9% up 38%
Pebble Beach up 17% down 7% up 2%
Carmel Valley up 79% down 7% up 73%
Monterey up 18% down 2% down 1%
Pacific Grove up 41% up 1% up 40%
We can see by the numbers that asking how the market is around here or anywhere for that matter is a difficult question to answer. I’d be happy to send anyone out there these stats. Just call 831-236-4513 or shoot me an email at pattyross@kw.com. 