Real Estate Update: January 2023 Market Trends in Monterey, Pacific Grove, Pebble Beach, and Carmel by the Sea

February 22, 2023

If you are a buyer or seller in the real estate market of Monterey, Pacific Grove, Pebble Beach, or Carmel by the Sea, you will be interested in the latest market update for January 2023 by Austin. In this video, Austin discusses the latest trends and statistics in each of these areas, providing valuable information for anyone interested in buying or selling a property in these locations.

The median days on the market in Monterey have been drastically reduced to only seven days in January 2023, which is excellent news for buyers and sellers. This is a significant reduction from previous months, indicating that the real estate market is performing well in this area.

Pacific Grove
The real estate market in Pacific Grove is continuing to grow with a 15% increase in median sales price from December 2022 and a 10% increase from January 2022. These numbers suggest that Pacific Grove’s real estate market is performing well and is expected to continue its growth trajectory.

Pebble Beach
Pebble Beach witnessed a positive trend in the real estate market in January 2023 with 13 new listings compared to only five in December 2022 and eight in January 2022. These numbers indicate a growing interest in properties in Pebble Beach, making it a good time for buyers to invest.

Carmel by the Sea
Carmel by the Sea currently has a low inventory, with only two closed sales in January 2023 and a median sale price of $2.95 million. However, six new listings suggest that the inventory may increase in the upcoming months.

Overall, the real estate market in these areas seems to be performing well, making it an ideal time for both buyers and sellers. Staying updated with the latest market trends is crucial, and Austin’s video provides valuable information to make informed decisions. Don’t forget to subscribe to Austin’s channel for more updates on the real estate market in California.

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