Learn the Market
Paul Brocchini has published quarterly real estate market reports since 1989. Mark Ryan joined him as a market analyst in 2005. Before buying or selling, view our archive below. It contains reports going back many years. To best understand market trends, click on our fourth quarter reports in which we publish annual figures. A study of these figures will show you how the market has developed over your selected periods of time. We and our reports are your best guides to an understanding of the Monterey Peninsula real estate market.
THE HOUSING MARKET
Strong Start to 2015
First Quarter 2015 Report
By: Paul Brocchini & Mark Ryan
The first three months of 2015 continued the solid local real estate market we experienced last year.
Dollar volume jumped 17% from last year. An impressive $314 million plus changed hands up from $269 million last year. All of he markets were up with exception of Pebble Beach. Pebble’s decline is partially explained by a block-buster sale $16.9 million in 2014 whereas this year the top sale in the quarter was $5.6 million.
1st Quarter 2015 – Year Opens Strong
First Quarter 2015 Condo Report
By: Paul Brocchini & Mark Ryan
As our regular readers know, we are most interested in dollar volume. The first quarter , of 2015 logged a robust dollar total of $29,304,300, up 27% from last year. This number is especially impressive as the inventory has been and continues to be thin.
There were only 47 active listings on January 1 in the entire Monterey Peninsula. That number barely changed on April 1 when there were 43 active listings. Contrast that with April 2008 when the bust left 165 sellers seeking non-existent buyers (see the Market Barometer). » Read More
Click the gray bar below to learn how to read our published Monterey Peninsula real estate reports:
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NOBODY presents the numbers we publish in our reports in a convenient fashion. They are the only readily available source of statistical information.
Our quarterly real estate reports on single family homes on the Monterey Peninsula are published quarterly in The Carmel Pine Cone and on our website www.carmelabodes.com
Our Condo Report, also published quarterly, is exclusively on our website.
The reports consist of five charts and a narrative analysis. The charts are Gross Dollar Volume, Sales by Quarter, Market Barometer, Median Sales Prices, Days on Market.
When you study the charts, here is the approach we suggest:
- First look at the Gross Dollar Volume Chart. Gross dollar volume is the tell-tale number. This shows you how many dollars changed hands in the quarter and compares the current quarter with the same one last year. The ebbs and flow of dollar volume is the most dramatic indicator of market health. In our year-end reports we show 10 years of dollar volume and median sales prices.
Dollar wise, greater Carmel is the biggest market.
- Sales by Quarter. Here you find the number of sales each quarter for seven quarters. You can compare this year with last year, seasonality, the trend over several quarters etc. Most importantly, you can see what is going on right now.
3, Market Barometer. Another good insight into the current situation is the Market Barometer, an analysis we created. Here we show the percentage of listings under contract. When this number is over 50% the market is red hot. When it is under 20% it is slow and under 10% on life support.
- Median Sales Prices. Everyone wants to know what is happening to prices. Are they going up? down? holding steady? The most useful comparisons are annual. Our year end review publishes a median sales price chart covering ten years.
- Days on Market shows the average number of days it takes to put a property in contract.
All of the numbers come from the Multiple Listing Service. There has been a recent change in number gathering. All data is now defined by zip codes.
If you compare our old charts with current ones you will notice the following: Carmel, Del Rey Oaks, Monterey and Monterey/Salinas Highway have disappeared; Carmel-by-the-Sea, Greater Carmel and Greater Monterey have appeared.
We explain these changes in our latest reports.
We are here for you!
Paul and Mark
A Visit to Carmel’s Sister City, Petra, Mallorca
Carmel residents Paul & Nellie Brocchini have been co-skippering a chartered sailboat around Mallorca and Menorca for the last few weeks and have taken the opportunity to visit Carmel’s sister city, Petra. When Paul worked for the United States Information Agency, he and Nellie lived for three years in Bogotá and Cartagena, Colombia, where they learned to speak Spanish. Here is their account of their visit. Read More
Million Dollar View
On a warm, shirtsleeve Tuesday afternoon in December, we gathered at a wreck of a house fronting the sea. The smell of mold permeated the structure. Only the dimmest light made it into the dwelling through the filthy windows. Yellow construction tape with large, black “caution” warnings closed off holes that offered immediate vertical trips to the lower level. The interior ambience contrasted sharply with the pristine freshness outside. Read More
The Ano Nuevo Race
Mayhem in Monterey! Monterey Bay is an exciting place to sail. Check your map and you will see that it is an open bay, stretching more than 20 miles from Santa Cruz in the north to Monterey in the south. The wind machine is on for most of the year. The water is cold, averaging about 56 degrees, and the warming land creates daily onshore winds in the afternoon. Read More
Racing Sailboats on Monterey Bay
Dolphin Cup Regatta Shows Off the Glories of Monterey When I drive from Carmel over the hill to Monterey, I always look at the surface of the bay. I’m looking for wind lines, flat spots, white caps, the signs which sailors use to navigate their boats into the most propitious waters.
Sailing and racing on Monterey Bay is one of the most stimulating and, at times, challenging outdoor sports that the Monterey Peninsula offers. Read More
Paul and Mark are true professionals and gave us their best efforts. The agent that represented the buyer was especially difficult to deal with and caused unnecessary stress and anguish for all involved on both sides. Fortunately, all ended well, thanks to Paul and Mark taking the “high road” and allowing for sometimes over zealous reactions. They both exemplify the best of attributes that we have come to expect from realtors over the past 30 plus years. We look forward to dealing with them again for our next purchase in the next year or so! — John & Bianca » View All
Paul Brocchini ~ (831) 601-1620
Mark Ryan ~ (831) 238-1498