Pebble Beach Home owners should be happy to see that inventory levels are at a 3 year low, and the Nov 2010 median sales price is up almost 73% from last year. The celebrated sale for Nov was for a home located on Ondulado Road which sold for $3,400,000. This home was on the market for 259 days, it was 4397 Sqft and featured 4 bedrooms, 4 & 1/2 baths, and showcased Ocean & Mountain views from the 2 level of the home.
The Total Inventory of Properties available for sale as of November was 100, down 6.5% from 107 last month and down 16.0% from 119 in November of last year. November 2010 Inventory was at its lowest level compared with November of 2009 and 2008.
The Median Sales Price in November was $2,085,000, up 73.8% from $1,200,000 in November of 2009 and up 62.5% from $1,283,000 last month. The Average Sales Price in November was $2,115,000, down 0.7% from $2,130,680 in November of 2009 and up 9.6% from $1,929,450 last month. November 2010 ASP was at the lowest level compared to November of 2009 and 2008.
For more detailed information on Nov 2010 Pebble Beach home sales download the attached report. Thinking about selling your Pebble Beach Estate? Call Nicole Truszkowski 238-7449 and sell your home FAST.