Pebble Beach | Carmel | Carmel Valley
Reports
Q2 2026 Market ReportSummer is one of the most exciting times of year on the Peninsula. The season truly showcases the exceptional lifestyle that makes this region such a sought-after place to call home. The real estate market was very strong through the first half of 2026. Buyers and sellers remain thoughtful in their decision-making, yet the enduring appeal of our coastal communities, combined with limited inventory and strong long-term value, continues to support a healthy market. As always, Carmel Realty Company remains committed to providing the local expertise and trusted guidance our clients rely on through every stage of the buying and selling process. |
| Title | Date Posted | Size |
|---|---|---|
 Q2 2026 Market Report
Summer is one of the most exciting times of year on the Peninsula. The season truly showcases the exceptional lifestyle that makes this region such a sought-after place to call home. The real estate market was very strong through the first half of 2026. Buyers and sellers remain thoughtful in their decision-making, yet the enduring appeal of our coastal communities, combined with limited inventory and strong long-term value, continues to support a healthy market. As always, Carmel Realty Company remains committed to providing the local expertise and trusted guidance our clients rely on through every stage of the buying and selling process. |
7/23/2026 | |
| Q1 2026 Market Report
As we move through the early months of 2026, the real estate market both nationally and here on the Monterey Peninsula continues to navigate a dynamic and evolving landscape. Ongoing volatility in the financial markets, coupled with uncertainty around interest rates and broader economic policy, has led many buyers and sellers to proceed thoughtfully. Despite these headwinds, our market remains grounded in long-term fundamentals, with many recognizing the enduring value of owning property along this unique and beautiful stretch of coastline. As in years past, we continue to adapt alongside our clients, providing guidance through changing conditions while focusing on long-term opportunity. |
4/23/2026 | |
| 2025 Annual Market Report
As we settle into the quieter rhythm of winter on the Monterey Peninsula, it's hard not to be reminded why this coastline remains such a special place to call home. Crisp mornings, glowing sunsets over the Pacific, and the year-round beauty of Carmel, Pebble Beach, and Monterey create a lifestyle that continues to draw people here from near and far. Looking back, 2025 was a solid and encouraging year for local real estate, marked by steady buyer interest, resilient pricing, and a market that continued to reflect the long-term appeal of living in one of the most desirable regions in California. |
1/22/2026 | |
| Q3 2025 Market Report
As summer unfolds before transitioning into fall, the third quarter on the Monterey Peninsula traditionally brings a dynamic blend of activity and anticipation. Between the excitement of Monterey Car Week, the arrival of second-home buyers escaping the summer heat elsewhere, and a general uptick in visitor tra c through Carmel-by-the-Sea, Pebble Beach, and surrounding areas, Q3 o en sets the tone for the year's real estate narrative. Historically, this is when momentum builds, transaction numbers are strong, luxury buyers return to market, and we gain insights into the trajectory for the year's end. |
10/22/2025 | |
| Q2 2025 Market Report
As winter transitioned into spring and the longer sunlit days of early summer, the Monterey Peninsula real estate market entered its active selling season. The second quarter traditionally brings heightened energy to the market, and the early part of the quarter delivered, driven by fresh inventory, strong buyer interest, and the unmistakable allure of life along the Monterey Peninsula's iconic coastline. However, the momentum briefly paused as global economic uncertainty—sparked by newly announced tariffs and a sharp dip in the stock market—led to a temporary slowdown in transactions. Still, the resilience of the market quickly reasserted itself. By June, activity picked up once again, closing out the quarter with strength and signaling renewed confidence as we head into the heart of the summer season. |
7/18/2025 | |
| Q1 2025 Market Report
The Monterey Peninsula's real estate market experienced a strong start to 2025. The overall market saw a 14.6% increase in home sales this quarter versus Q1 of last year. In addition, a small 4.9% increase in average sales price led to a 19.7% rise in total sales dollar volume when compared to last year. During Q1, Pebble Beach saw a surge in the entry market, experiencing 15 home sales under $3M. While Carmel-by-the-Sea was a bit slower than usual in Q1, the Carmel Highlands area saw four strong sales during the quarter and added eleven active listings. Though higher-priced homes across the market continued to sell slower than usual in Q1, during the first few days of April our company represented three sides on two amazing sales in Carmel. One sale just off Scenic Road sold for $13M and another on the beach in Carmel sold for $17.5M. |
4/17/2025 | |
| 2024 Annual Market Report
It was a great holiday season on the Monterey Peninsula with locals, second homeowners, and visitors enjoying the beautiful landscapes, inspiring outdoor activities, and bustling restaurants and shops our area has to offer. Beginning in the summer and extending into Thanksgiving, Christmas and New Years, town was busy, vibrant and festive, an indicator that the Monterey Peninsula community is very healthy alongside a healthy real estate market. The Monterey Peninsula real estate market experienced a strong and resilient performance in 2024, demonstrating overall health despite a notable slowdown at key price points of the business. Throughout the year, and certainly closer to the Q4 presidential election, the market experienced a slowing of both inventory and demand. Our company heard from several prospective buyers that they had decided to wait until after the election before making a real estate decision. This clearly had an impact on the number of sales to end the year, but even with this influence, the overall market saw an 8.4% increase in home sales year over year and a small increase in average sales price, leading to a 9.7% rise in total sales dollar volume in 2024 over 2023. |
1/22/2025 | |
| Q3 2024 Market Report
As the Monterey Peninsula's Indian summer brings sunshine and warmer temperatures across the region, the real estate market is also experiencing an enjoyable period. After a spike in activity during the second quarter, the market experienced another well-performing quarter during Q3. This means we have seen six consecutive months of good activity and sales volume in our market, following a slower sales cycle over the prior 18 months. In addition, there is also promise for a third strong quarter ahead as September saw 115 homes go into escrow, the most of any month since May 2022. Inventory also closed the quarter with 379 active listings, over one hundred more than the same time last year, and the most we have seen on the Peninsula since the summer of 2020. |
10/15/2024 | |
| Q2 2024 Market Report
We have great news to report in the real estate market on the Monterey Peninsula. In the second quarter of the year, we saw the number of sales increase, sales volume increase, average sale prices increase, inventory increase and days on market decrease. Clearly, in this quarter the rain clouds lifted from above the Monterey Peninsula and so did the slow start to the year. Looking back at Q1, January and February gave some of the quietest months we have seen in years. March started a measurable recovery in both new listings and sales. This surge continued throughout the second quarter across the entire Peninsula resulting in three of the busiest months in real estate over the last two years. The sun is now shining, town is busy, and summer is in full swing. |
7/18/2024 | |
| Q1 2024 Market Report
Q1 2024 Market Report Much like the close of 2023, the Monterey Peninsula's real estate market had a sleepy start to 2024. The typical rainy and windy weather conditions throughout the opening months of the year paired with continued economic pressure on both the entry level and luxury ends of the market led to a slow first two months of the year. The entry level market remained uneasy due to lingering elevated interest rates. The higher end of the market stayed slow over the winter months due to macro-economic uncertainty, geopolitical concerns, and other distractions that kept most affluent buyers on the sidelines. Luckily, as we moved into March, we felt a surge of activity. After 91 new listings in January and 98 more in February, March saw 152 new listings come to market. This was the highest number of new listings we have seen come on the market in one calendar month since June of 2022. |
4/18/2024 | |
| 2023 Annual Market Report
The Monterey Peninsula was bustling this holiday season. Town was busy, shops and restaurants were full, and the outdoor lifestyle was in full swing for both the Thanksgiving and Christmas holiday weeks. The rest of the quarter was a bit quieter, as was the real estate market. Across the entire Peninsula, Q4 was down just slightly from the same quarter last year. For the entire year, 2023 experienced a meaningful reduction in the number of homes sold and in total dollar volume compared to 2022. |
1/16/2024 | |
| Q3 2023 Market Report | Courtney Jones
Our biggest challenge this last quarter has been finding good quality inventory. The market continues to move along at a fairly consistent pace, although the looming typical holiday slow down is notable. Buyers sat on the sideline the first half of the year thinking prices were going to drop and when that didn't happen, activity picked up this summer. While the higher interest rates do give buyers a momentary pause, the biggest concern is future appreciation and where the market is headed in 2024, especially given that it will be an election year. Personally, I find it a refreshing time for buyers to negotiate again and regain some of the power they lost during the peak. This is also the time of year when our off-market inventory rises. Sellers are quietly preparing their houses and targeting the spring to officially list. Just because the market slows for the holidays, there is plenty of activity behind the scenes. Contact me if you'd like a peak into this discreetly available inventory or please visit the buyer tab on my website to sign up for notifications of coming soon property. |
10/17/2023 | |
| Q2 2023 Market Report
June of last year was the peak of our market. The average sales price on the Monterey Peninsula is down 8.6% from this time last year and marketing periods are 64% longer. However, compared to the even lower numbers we saw in Q1, we're happy to say Q2 can be called the rebound quarter. We are trending in a positive direction and believe that to continue. We don't expect to see the heights of last year, but we don't see signs of a recession either. We are moving toward an equilibrium which makes for a healthy market. |
7/14/2023 | |
| Q1 2023 Market Report
Affected by numerous external drivers, the Monterey Peninsula Real Estate market experienced a 5.5% reduction in transactions from Q4 of 2022 and a 36% reduction from the same quarter last year. This means the market performed comparably to national figures, which is impressive considering the region experienced extremely difficult weather during much of the quarter. The storms in Q1 delivered excessive rain, wind, flooding, and power outages throughout much of the area which made it very difficult to even show property. Combined with macro-economic pressures across the real estate market, high interest rates and geopolitical uncertainty, buyers transacted at very low levels compared to previous quarters. Looking even closer, these factors specifically affected the number of high-priced discretionary sales throughout Carmel and Pebble Beach, dropping total dollar volume and average sales price much more than usual. On a positive note, with extremely tight inventory, pricing values have held up well. |
4/12/2023 | |
| 2022 Annual Market Report |
1/26/2023 | |
| Q3 2022 Market Report |
1/26/2023 | |
| Q2 2022 Market Report |
8/18/2022 | |
| Q1 2022 Market Report |
4/19/2022 | |
| 2021 Annual Market Report |
1/20/2022 | |
| Q3 2021 Market Report |
10/21/2021 | |
| Q2 2021 Market Report |
8/4/2021 | |
| Q1 2021 Market Report |
4/19/2021 | |
| 2020 Annual Market Report
Like most industries, the real estate market was significantly impacted by the global COVID pandemic. The year started out strong then came to a screeching stop in April and May due to the state's stay-at-home order in March. As Realtors, we quickly adapted, deploying additional video, virtual tours, and digital marketing solutions. It is said necessity breeds invention and innovation. When the order was lifted for essential services in May, the local real estate market experienced a major surge in business. All of the 9 markets we track experienced a significant increase in demand due to buyers rushing to our market to enjoy the lifestyle and benefits of living on the Monterey Peninsula. Please view to learn more about what happened in 2020! |
1/18/2021 | |
| Q3 2020 Market Report |
11/16/2020 | |
| Q2 2020 Market Report
An analytic review of market performance for the second quarter of 2020 highlights the impact the Covid-19 pandemic has had on our Real Estate Market. All of our markets experienced a significant downturn in activity starting late March and bottoming out in May where we saw transaction numbers lower than we have see in over a decade. As those restrictions began to loosen, business on the Peninsula began to rebound and is continuing to rebound. Read more to learn about the activity in each area. |
7/14/2020 | |
| 2020 Q1 Market Report |
4/20/2020 | |
| 2018 Annual Market Report |
3/28/2020 | 7.63 MB |
| 2019 Annual Market Report |
1/17/2020 | |
| June 2018 Market Report |
6/6/2018 | 404.31 KB |
| 2016 Annual Market Report |
2/23/2017 | 4.08 MB |
| MalPaso Water Overview |
6/10/2016 | 164.38 KB |
| 2014 Annual Market Report |
2/20/2015 | 2.38 MB |
| Summer 2014
A real estate market update for Carmel, Carmel Valley and Pebble Beach. |
9/5/2014 | 4.06 MB |
| Market Update - May 2014 |
5/12/2014 | 6.78 MB |
| Market Update - Spring 2014 |
5/12/2014 | 2.34 MB |
| Market Update - January 2014 |
2/14/2014 | 284.20 KB |
| Market Update - September 2013 |
2/14/2014 | 6.14 MB |
| Market Update - June 2013 |
2/14/2014 | 1.14 MB |
| Market Update - April 2013 |
2/14/2014 | 3.03 MB |
| Market Update - October 2012 |
2/14/2014 | 728.23 KB |
| Market Update - June 2012 |
2/14/2014 | 446.54 KB |
| Market Update - May 2012 |
2/14/2014 | 3.63 MB |
| Market Update - January 2012 |
2/14/2014 | 1.08 MB |
| Market Update - September 2011 |
2/14/2014 | 2.54 MB |
| Market Update - April 2011 |
2/14/2014 | 329.11 KB |
| Market Update - January 2011 |
2/14/2014 | 1.08 MB |
| Market Update - October 2010 |
2/14/2014 | 322.63 KB |
| Market Update - July 2010 |
2/14/2014 | 242.57 KB |
| Market Update - June 2010 |
2/14/2014 | 213.01 KB |