top of page

Monterey County Real Estate Market August 2019

  • Writer: Debora Sanders
    Debora Sanders
  • Jan 27, 2022
  • 2 min read

Here are the latest statistics for Monterey County. Just like our micro-climates, our area has many different communities and prices and market trends can vary significantly. Keep in mind, these figures represent the WHOLE county. The average price of a home in Pebble Beach and Carmel is over $2 million whereas an average home in Seaside is $660,000. In the rural areas of Salinas and South County prices can be in the low $300,000's. As you can see, we have a huge range but these overall statistics can provide an idea of general market trends.

Monterey County Single Family Home Market:

In Monterey County, the median Single Family home cost $635,000 and sold in 26 days for 98% of the list price based on 230 sales in August 2019.

• Inventory was down -3% from July, and down -5% from August 2018 with 853 homes available, compared to 899 homes last year. (This is interesting....In the area I monitor, inventory is up over last year. My thought is that in places like Salinas, Marina and Seaside, homes are selling quickly so supply is lower and influence overall numbers.)

• Average days on market (DOM) lost -7 days from 63 to 56 or -11%; median DOM increased 1 day from the month before.

• Number of new listings for the month of August decreased -4% over July and down -24% from August of last year. • Closed sales were up 1% from July from 227 to 230 but down -6% from August 2018.

Monterey County Townhouse/Condo Overview:

In Monterey County, the median Residential Common Interest home cost $512,500 and sold in 70 days for 98% of the list price based on 40 sales in August 2019.

• Inventory dropped -11% from July, and up 21% from August 2018 with 142 homes available, compared to 117 homes last year.

• Average days on market (DOM) gained 8 days from 78 to 86 or 10%; median DOM rose 12 days from the month before.

• Number of new listings for the month of August decreased -5% over July and dropped -25% from August of last year.

• Closed sales rose 43% from July from 28 to 40 and increased 8% from August 2018.

Source: MLS Listings Inc

  • Debora Sanders Realtor Instagram - Your Central Coast Realtor
  • Debora Sanders Realtor Facebook
  • Debora Sanders Realtor Youtube
  • Debora Sanders Realtor Linkedin

Sotheby's International Realty
3775 Via Nona Marie Suite 100, Carmel CA 93923
831-620-2936

License: DRE#01966114

PSA_logo_edited.png
WCR logo.jpg
ILHM_Member_Seal_RGB_Small_1187628351_9922.png
ILHM_GUILD_Seal_RGB_Small_1187628351_1170.png
ILHM_CLHMS_Seal_Grayscale_thumbnail_125_1187628351_7872.png

Debora Sanders is a real estate salesperson licensed by the state of California affiliated with Sotheby's International Realty. Sotheby's International Realty is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting, or other professional advice outside the realm of real estate brokerage.

*All Rights Reserved*

Designed by Kollaborativ  

bottom of page