Most Asked Question About Real Estate – How’s the market?

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:

                               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.