What's Happening in Pebble Beach?

It's been a busy month for us and it's safe to say that we are in a "seller's market". Inventory remains low throughout the Monterey Peninsula, multiple offers are not uncommon and average days on market are dropping monthly. Here is a snapshot for Pebble Beach - 93953.

And.....here are a few more stats:

This Month Last Month A Year Ago

Closed Sales 17 12 11

Median Sales Price $2.4M $3.4M $2.53M

Median Days on Market 66 127 96

New Listings 19 17 11

Avg % List Price Received 97% 93% 94%

Avg Price Per SQFT $911 $1083 $793

Source: Aculist