Very positive real estate sales trends continue for home sellers and buyers in Pacific Grove, Ca. July Property sales were 9, down 25.0% from 12 in July of 2009 and 47.1% lower than the 17 sales last month. July 2010 sales were at a mid level compared to July of 2009 and 2008. July YTD sales of 82 are running 54.7% ahead of last year’s year-to-date sales of 53. The Median Sales Price in July was $635,000, up 8.6% from $584,500 in July of 2009 and up 1.9% from $623,000 last month. The Average Sales Price in July was $655,667, up 12.1% from $585,083 in July of 2009 and down 21.1% from $830,500 last month. The Total Inventory of Properties available for sale as of July was 98, down 2.0% from 100 last month and up 8.9% from 90 in July of last year. The DOM for July was 27, down 73.3% from 101 days last month and down 85.6% from 187 days in July of last year. The July 2010 DOM was at its lowest level in almost 3 years, now thats something to celebrate for home sellers in Pacific Grove.
The top Pacific Groves homes sale for July 2010 was located on Jewell Ave in the Beach Tract/Fairway Homes subdivision of Pacific Grove. This lovely custom built home was on the market for 28 days and sold for $1,100,000 the home featured 2410 Sqft of living space and showcased stunning views of Monterey Bay. The best value home sold the month of July in Pacific Grove was a property located on Buena Vista Ave in the Del Monte Park subdivision. The charming completely remodeled state of the art home sold for $635,000, it was 1705 Sqft. Wow do you want to find an amazing home like this one in Pacific Grove? Then call Nicole Truszkowski at 831-238-7449 to find the best properties on the market in Pacific Grove.
Market Action Report Pacific Grove July 2010