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Carmel Region & Monterey County Real Estate in 2020 Macro Analysis

2020 was a year of extremes. After the initial pandemic drop in activity, the real estate market went into hyper-drive, with median home sales prices hitting dramatic new peaks. The luxury home market, in particular, was extremely strong. A macro analysis looking at how Carmel - Monterey performed in context to other areas and historically over 20+ years.

Carmel, Pebble Beach, Pacific Grove and Monterey Real estate sales surge in Q3 | 7 months into the Pandemic

Continued strong demand across the Monterey Peninsula markets as seen compared to historical sales information. Additionally, more hyperlocal sales numbers can be founds for Carmel West, Carmel East, Pebble Beach, Pacific Grove, Monterey and Carmel Valley on our Market Reports page https://www.bambacepeterson.com/market-reports.

Astounding Increase in Market Activity

Analyzing Deal Data to Track the Real Estate Rebound

Over the past few weeks, we’ve seen the number of homes going into contract trending upward in the majority of our markets. This is real-time market data on both a local and national level.