Real Estate Report presented by Thérèse & David Kent CRS / Alain Pinel Realtors

February 2019 Report

Single Family Homes in Monterey County, Carmel Valley, All Neighborhoods Change >


Median Price
$615,000
-59.7%
Average Price
$646,667
-57.7%
No. Sold
3
+50.0%
Pending Properties
12
-7.7%
Active
38
0.0%
Sale/List Price Ratio
95.7%
+4.4%
Days on Market
54
-75.7%
Days of Inventory
380
-33.3%

Market Barometer

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Market Commentary

Home Prices & Sales Drop in January

After setting a new record high in September, the average price for single-family, re-sale homes has fallen each month since then. It was down 9.4% last month from December. It was down 18.9% year-over-year.

The median sales price for single-family, re-sale homes in Monterey County was down 0.9% from December. It was up 5.5% year-over-year.

Home sales were down 25.6% compared to last year. There were 128 homes sold.

The sales price to list price ratio, or what buyers are paying compared to what sellers are asking, continues to hover just below the 100% mark. It was 98%.

Inventory increased year-over-year for the third month in a row. Inventory was up 23.9%.

Days of inventory was at 119. The average is 185.

As of February 5th, there were 508 homes for sale. The average is 1,333.

Homes are selling faster than normal. It is taking only 53 days from when a home comes on the market to when it goes under contract. The average for the past fourteen years is 68 days.

The median sales prices for condos was down 5.8%, year-over-year, while the average sales price gained 1.4%. 

Condo sales were down 5.6%.

The sales price to list price ratio for condos was 97.5%.

It is taking 67 days from when a condo comes on the market to when it goes under contract. The average for the past fourteen years is 66 days.

Days of inventory rose to 136. The average is 195.

There are 77 condos for sale. The average is 122.

For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis. Also, click on Recent Sales & Listings, you will see what has sold, what is for sale and what is pending in your neighborhood.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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