Pebble Beach sales continue to remain strong in the month of April. The highest sale was for a lovely residence with ocean views located on Riata road that sold for $4,650,000. This amazing fairytale like abode was situated 2 blocks from Pebble Beach Lodge, and tucked neatly behind a magical gated wall. The estate showcased 5 bedrooms, 4 full baths, 2 half baths, huge family room, two master suites, ocean views, over 5,000 sq. ft. and an out-of-this-world kitchen. The lowest sale in Pebble Beach was for a home located on Forest Way that sold for $550,000. This home featured 2 bedrooms, and 2 baths, it was 1675 SF.
April Property sales were 9, up 125.0% from 4 in April of 2010 and 10.0% lower than the 10 sales last month. April 2011 sales were at their highest level compared to April of 2010 and 2009. April YTD sales of 32 are running 3.2% ahead of last year’s year-to date sales of 31. The Median Sales Price in April was $800,000, down 10.6% from $895,000 in April of 2010 and down 47.5% from $1,525,000 last month. The Average Sales Price in April was $1,740,167, up 82.5% from$953,750 in April of 2010 and down 18.1% from $2,124,500 last month.
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To read the detailed Pebble Beach Homes Market Action Report for April 2011. Click the link below: