Our Q1 2022 Market Update is here! As we continue to see the mortgage rates increase, home sales on the Monterey Peninsula continue to soar, with many homes still selling over asking price. In comparison to Q4 of 2021, average home prices on the Monterey Peninsula continue to increase. In Q4 of 2021, Single Family Residences were spending an average of less than 20 days on the market, fast forward to Q1 of 2022 and we have seen that number cut in half to less than 10 days on the market with an ever so slight increase of inventory.
Below are the Q1 – 2022 statistics of Single Family Residences on the Monterey Peninsula.
CARMEL | CARMEL VALLEY | SEASIDE | MARINA | MONTEREY | PACIFIC GROVE | PEBBLE BEACH | SALINAS