Pebble Beach Real Estate Update March 2012

Real estate market in Pebble Beach continues to be in demand in the lower price ranges. There are currently 80 homes actively on the market. The inventory of homes for sale is down from previous years. The current median price of available homes is: $2,400,000 with a low of: $775,000 and a high of: $27,000,000. The median price of homes currently in escrow is: $1,235,000 with a low of: $598,000 and a high of: $5,500,000

Closed Sales Pebble Beach March 2012

Address List Price Beds Baths Sale Price Bldg SqFt
4077 CREST RD $510,000 3 2 $575,000 2347
4156 EL BOSQUE DR $529,900 2 2 $475,000 1239
2969 SLOAT RD $534,900 3 2 $538,000 1474
4113 EL BOSQUE DR $598,000 2 2 $590,099 1638
1130 WILDCAT CANYON RD $629,900 3 2 $575,000 1407
4056 CREST RD $689,000 3 2 $637,199 1548
3097 SLOAT RD $699,000 3 3 $640,000 1812
1095 MARINERS WY $750,000 3 2 1/2 $687,400 1991
4020 COSTADO RD $798,000 3 2 1/2 $760,000 2245
1038 WRANGLERS TRAIL RD $1,198,000 3 2 1/2 $1,028,000 2351
3113 HERMITAGE RD $1,250,000 3 3 $1,042,500 2937
1043 LOST BARRANCA RD $1,749,000 4 2 1/2 $1,650,000 4455
2930 BIRD ROCK RD $2,250,000 5 4+ $2,025,000 2927
1003 RODEO RD $2,499,000 3 3 1/2 $2,025,000 4186
1036 RODEO RD $4,500,000 3 3 $4,250,000 2714

Eric has been a Realtor, and along with his wife and son a resident of the beautiful Monterey Peninsula for over 20 years. He will guide and assist you in all aspects of  selling a house in Pacific Grove, Pebble Beach, Monterey and Carmel. Because of his decades of experience he knows the local market niches, price points, real estate values and market trends. Eric offers a level of service and experience most other agents are not capable of offering. Please call Eric for a confidential discussion of your real estate needs.


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Pacific Grove Real Estate Updates

Market in Pacific Grove continues to be in demand in the lower price ranges. There are currently 47 homes actively on the market. The inventory of homes for sale is down substantially from previous years. The current median price of available homes is: $815,000 with a low of: $249,000 and a high of: $12,900,000. The median price of homes currently in escrow is: $525,000 with a low of: $325,000 and a high of: $1,575,000

Closed Sales Pacific Grove March 2012

List Price Address Beds Baths Sale Price Bldg SqFt
$359,000 1267 BUENA VISTA AV 3 1 $350,000 1140
$360,000 994 BENITO CT 3 1 $360,000 945
$365,000 1323 LINCOLN AV 2 1 $325,000 0
$389,000 2840 FOREST HILL BL 2 1 $380,000 1100
$400,000 110 MONTEREY AV 1 1 $287,000 0
$419,000 802 WORKMAN PL 3 1 1/2 $410,000 1058
$449,000 901 SINEX AV 3 2 $415,000 1344
$455,000 815 17 MILE DR 3 2 $440,000 1348
$455,000 512 WILLOW ST 2 1 1/2 $445,000 1040
$465,000 810 SPRUCE AV 3 2 $400,500 915
$469,900 230 SINEX AV 2 1 $468,500 796
$499,000 607 FOREST AV 2 2 $505,000 1355
$499,900 739 MERMAID AV 3 2 $499,900 1339
$524,800 311 PARK ST 3 2 1/2 $524,800 1536
$529,900 454 17 MILE DR 3 1 $529,000 1152
$529,900 230 7TH ST 4 2 $520,000 1440
$545,000 934 FOUNTAIN AV 2 1 $511,000 928
$595,000 518 WALNUT ST 3 2 1/2 $555,000 1392
$640,000 615 FOREST AV 2 2 $633,000 1625
$675,000 937 19TH ST 3 3 $575,000 2396
$679,000 943 CEDAR ST 3 2 $650,000 1420
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Pacific Grove 2012 First Quarter Closed Real Estate Sales

Address List Price Beds Baths Sale Price Bldg SqFt
281 SPRUCE AV $309,900 2 2 $288,500 1542
413 CONGRESS AV $325,000 3 1 $315,000 1041
1323 LINCOLN AV $365,000 2 1 $325,000 0
1267 BUENA VISTA AV $359,000 3 1 $350,000 1140
994 BENITO CT $360,000 3 1 $360,000 945
2840 FOREST HILL BL $389,000 2 1 $380,000 1100
1025 LINCOLN AV $399,000 2 2 $385,000 1140
1207 SHAFTER AV $387,000 3 2 $390,000 1222
810 SPRUCE AV $465,000 3 2 $400,500 915
901 SINEX AV $449,000 3 2 $415,000 1344
813 WORKMAN PL $445,000 2 1 $419,000 940
419 6TH ST $424,900 2 1 $428,000 896
815 17 MILE DR $455,000 3 2 $440,000 1348
512 WILLOW ST $455,000 2 1 1/2 $445,000 1040
782 JUNIPERO AV $475,000 2 1 $465,000 824
230 SINEX AV $469,900 2 1 $468,500 796
739 MERMAID AV $499,900 3 2 $499,900 1339
607 FOREST AV $499,000 2 2 $505,000 1355
934 FOUNTAIN AV $545,000 2 1 $511,000 928
409 WOOD ST $515,000 3 2 $511,225 1300
454 17 MILE DR $529,900 3 1 $529,000 1152
1265 SEAVIEW AV $579,000 3 2 $530,000 1454
513 FOREST AV $599,000 3 3 $538,500 1855
785 MERMAID AV $629,000 2 2 $545,000 890
367 JUNIPERO AV $625,000 3 2 1/2 $550,000 1457
2832 FOREST HILL BL $559,000 3 2 $554,000 1828
518 WALNUT ST $595,000 3 2 1/2 $555,000 1392
937 19TH ST $675,000 3 3 $575,000 2396
825 17 MILE DR $610,000 3 2 $600,000 1676
407 18TH ST $649,000 3 2 $649,000 1311
943 CEDAR ST $679,000 3 2 $650,000 1420
1134 CREST AV $750,000 3 2 $744,000 2000
508 MONTEREY AV $749,000 3 2 $749,000 1648
170 PACIFIC AV $795,000 3 3 $770,000 1900
388 CENTRAL AV $840,000 4 3 $785,000 1940
629 JEWELL AV $850,000 5 1 1/2 $820,125 1500
122 13TH ST $849,000 3 2 1/2 $825,000 2095
1017 DAVID $879,000 4 3 $840,000 2070
925 FOUNTAIN AV $988,000 3 2 $925,000 2170
128 5TH ST $998,000 5 3 $940,000 2430
826 BALBOA AV $1,299,400 3 2 1/2 $1,185,000 2294
534 CROCKER AV $1,235,000 4 3 $1,200,000 3092
165 ACACIA ST $1,350,000 4 3 $1,200,000 3600
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Monterey Peninsula Real Estate

The Monterey peninsula has much to offer. The main industry is agriculture, but tourism, education and real estate are all driving forces in the economy. For over 100 years the peninsula has been sought after for its real estate as a safe haven for vacation property, ideal place to raise a family or that special place for blissful retirement. The choices are many and varied. Pebble Beach real estate with surprisingly affordable single level ranch homes, to near palaces on the Pacific ranges from 500K – 25mil. with many choices in between. Pebble Beach has no town center but offers world class golf resorts, tranquil forest, incredible Pacific ocean grandeur along 17 Mile Drive in a quiet gated community. Pacific Grove real estate ranging from 300K to several million, offers cottage fixers, ocean front Victorian and many modest choices in between, including condominium, duplexes near town and investment, multi-unit opportunities. Monterey real estate, similar to Pacific Grove in prices, offers warmer weather, a more cosmopolitan downtown and a bit faster pace than its neighbors Pacific Grove and Pebble Beach. Over “the hill” in Carmel real estate is a complex market. The most sought after and expensive within the city limits mostly going over 1 mil. The outlying areas of Carmel real estate offer great and varied choices including panoramic ocean view, larger professional homes, small cottages and single level ranch homes in the Carmel sunbelt. Along with abundant wildlife viewing and great weather makes Carmel and it’s outlying areas another great peninsula possibility. Carmel Valley and Monterey Salinas Highway real estate areas offer sun, warmer weather, generous land and square footage possibilities as well many niche markets including golf resort,  horse and estate properties. In fact in many ways Monterey peninsula real estate is one big niche market. Why not give me a call and I’ll show you around! Or bring the peninsula to you by selecting the links to the Monterey peninsula at my website www.ericstauffer.com Hope to hear from you soon!

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Monterey Peninsula Housing Market Lower End Tightening Up

Monterey real estate market. Lower end price range tightening up across the Monterey peninsula. Despite on-going negative real estate news, lower end sales spurred by interest rates and prices have been brisk. This may not be obvious unless you are actively in the market or a Realtor familiar with the local market, but number of choices and amenities are on the decline in many areas. This is one of the subtle signs of an improving market. Simple supply and demand at work. While short sales and market reports of bad real estate market continue, those not active in the market may be missing out by not taking advantage of the low interest rates and declining supply of lower end choices. Inventory of homes for sale in Monterey is down with currently only 66 and only 19 under 500K and of those only 8 are 3 bed 2 bath or more.

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Pacific Grove Real Estate Market Tightening Up

Pacific Grove real estate market tightening up. Lower end homes across the Monterey peninsula are getting harder to find. This may not be obvious unless you are actively in the market or a Realtor familiar with the local market, but number of choices and amenities are on the decline in many areas. This is one of the subtle signs of an improving market. Simple supply and demand at work. While short sales and market reports of bad real estate market continue, those not active in the market may be missing out by not taking advantage of the low interest rates and declining supply of lower end choices. Currently  93 homes on the market in Pacific Grove there are only 22 under 500K and only 5 of these are 3 bed 2 bath or greater.

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Pacific Grove Second Quarter Closed Real Estate Sales

Address List Price Sale Price SqFt Beds Baths
401 BISHOP AV $395,000 $395,000 997 2 1
812 2ND ST $395,000 $375,435 820 2 1
1003 BENITO AV $435,000 $415,000 1284 3 1 1/2
350 JUNIPERO AV $440,000 $400,000 789 2 1
203 EARDLEY AV $445,000 $444,000 912 2 1
615 WALNUT ST $459,000 $387,000 870 2 1
1289 ADOBE LN $479,400 $455,000 1727 2 2
1024 AUSTIN AV $479,400 $527,000 1500 3 3
779 MERMAID AV $499,000 $499,000 572 2 1
251 CEDAR ST $499,000 $484,500 1078 3 1 1/2
729 HILLCREST AV $499,000 $485,500 924 2 1
814 CONGRESS AV $509,000 $505,000 854 2 1
448 LIGHTHOUSE AV $559,000 $515,000 1036 2 2
822 LAUREL AV $569,000 $554,000 1718 4 3
1108 PATTERSON LN $575,000 $550,000 2160 4 3
720 GIBSON AV $589,000 $582,000 1672 3 2
1106 CREST AV $599,000 $555,000 1038 3 1
1115 MELTON PL $599,000 $605,000 1778 4 3
904 LAURIE CI $649,000 $575,000 1393 3 2
272 CROCKER AV $670,000 $595,000 1288 3 2
855 CEDAR ST $695,000 $568,000 1683 4 1
949 FOREST AV $699,950 $655,000 1830 3 2
1180 JEWELL AV $740,000 $740,000 1550 3 2
1122 MILES AV $750,000 $530,000 1784 4 2
1132 PICO AV $775,000 $765,000 1617 4 2
1016 BALBOA AV $799,000 $778,500 1550 3 2
840 SPRUCE AV $799,500 $695,000 1250 2 2
490 GROVE ACRE AV $825,000 $775,000 2313 3 2 1/2
204 CROCKER AV $849,000 $845,000 1886 3 2
109 MONTEREY AV $979,000 $910,000 1659 3 2
151 CARMEL AV $995,000 $945,000 1696 4 2
1033 OLMSTED AV $995,000 $1,007,500 2245 3 2 1/2
1027 JEWELL AV $1,149,000 $1,085,000 2135 3 2
1017 OCEAN VIEW BL $2,495,000 $2,100,000 2833 5 3 1/2
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Pacific Grove Real Estate Recent Closed Sales

Address List Price Sale Price SqFt Beds Baths
812 2ND ST $395,000 $375,435 820 2 1
203 EARDLEY AV $445,000 $444,000 912 2 1
1024 AUSTIN AV $479,400 $527,000 1500 3 3
1289 ADOBE LN $479,400 $455,000 1727 2 2
251 CEDAR ST $499,000 $484,500 1078 3 1 1/2
448 LIGHTHOUSE AV $559,000 $515,000 1036 2 2
822 LAUREL AV $569,000 $554,000 1718 4 3
272 CROCKER AV $670,000 $595,000 1288 3 2
1180 JEWELL AV $740,000 $740,000 1550 3 2
1122 MILES AV $750,000 $530,000 1784 4 2
1016 BALBOA AV $799,000 $778,500 1550 3 2
840 SPRUCE AV $799,500 $695,000 1250 2 2
490 GROVE ACRE AV $825,000 $775,000 2313 3 2 1/2
204 CROCKER AV $849,000 $845,000 1886 3 2
1033 OLMSTED AV $995,000 $1,007,500 2245 3 2 1/2
1027 JEWELL AV $1,149,000 $1,085,000 2135 3 2
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Pebble Beach Real Estate Recent Closed Sales

Address Sale Price Sale Date SqFt Beds Baths
3004 FOREST WY $550,000 3/29/2011 1675 2 2
2896 OAK KNOLL RD $660,000 1/27/2011 1749 3 2
4080 CREST RD $671,500 2/19/2011 2674 3 2 1/2
2892 GALLEON RD $745,000 3/9/2011 1650 3 2
1225 BENBOW PL $800,000 3/22/2011 2372 3 3 1/2
3307 17 MILE DR $1,800,000 3/11/2011 3450 3 3 1/2
3331 ONDULADO RD $2,335,000 4/12/2011 3387 4 3
1023 RODEO RD $2,550,000 3/9/2011 4400 3 3 1/2
3307 17 MILE DR $2,700,000 2/23/2011 3750 3 3 1/2
1448 RIATA RD $4,650,000 2/17/2011 5360 5 4+
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Pebble Beach Real Estate Sales

Pebble Beach First Quarter MLS sales update 1/1-3/31

Address

List Price Sale Price SqFt Beds Baths
1044 SAWMILL GULCH RD $599,999 $600,000 1387 2 2
1180 ARROYO DR $949,000 $900,000 1449 3 2
3169 BIRD ROCK RD $975,000 $975,000 1694 3 2
1064 SAN CARLOS RD $995,000 $975,000 1965 2 2 1/2
2993 CORMORANT RD $1,150,000 $1,000,000 1339 3 2
1560 Viscaino RD $1,450,000 $1,525,000 2800 3 2 1/2
3079 SLOAT RD $1,695,000 $1,525,000 2910 3 2 1/2
1207 BENBOW PL $2,193,000 $1,990,000 4450 4 4+
3962 RONDA RD $2,195,000 $1,825,000 2048 2 3
3017 CORMORANT RD $2,200,000 $2,425,000 4479 4 4+
3124 SPRUANCE RD $3,450,000 $3,000,000 6000 5 4+
1218 PORTOLA RD $3,750,000 $3,450,000 6000 4 3 1/2
3365 17 MILE DR $3,850,000 $3,850,000 4000 4 4+
1553 RIATA RD $4,999,000 $4,500,000 6283 5 4+
3217 WHITMAN LN $5,995,000 $4,000,000 4013 4 4+
3105 17 MILE DR $6,995,000 $6,500,000 4940 4 3 1/2
3361 17 MILE DR $8,900,000 $7,450,000 7000 4 4+
3319 STEVENSON DR $9,900,000 $8,408,000 5247 6+ 4+
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ericstauffer

Eric Stauffer
Realtor

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Agent Credentials

  • 20 years of Real Estate Experience
  • CA DRE# 01006365
  • Pebble Beach
  • Pacific Grove
  • Monterey

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