The notable luxury Pebble Beach sale was for a ocean front property on 17 Mile drive that sold for $6,500,000. This stunning residence was designed & constructed to bring a small piece of France’s Normandy coast to Pebble Beach, the result, a unique residence of unbelievable detail. This estate showcased 4 Bd., 3.5 Ba, country kitchen, formal dining, limestone floors, 3-car garage an ocean-view master suite and french doors leading to ocean-view terraces and cozy courtyards.
March Property sales were 10, up 25.0% from 8 in March of 2010 and 150.0% higher than the 4 sales last month. March 2011 sales were at their highest level compared to March of 2010 and 2009. March YTD sales of 23 are running 14.8% behind last year’s year-to-date sales of 27.
The Median Sales Price in March was $1,525,000, up 8.7% from $1,403,250 in March of 2010 and down 38.9% from $2,495,000 last month. The Average Sales Price in March was $2,124,500, down 14.4% from $2,482,842 in March of 2010 and down 13.7% from $2,462,500 last month. The Total Inventory of Properties available for sale as of March was 115, equal to 115 last month and down 1.7% from 117 in March of last year. March 2011 Inventory was at its lowest level compared with March of 2010 and 2009.
Click on the link to preview all homes for sale in Pebble Beach.
To read Pebble Beach March 2011 Market Action Report in detail click the link below:
Pebble Beach Homes Market Action Report Real Estate Sales for Mar 2011