Peter Butler
Lives, Works and Plays in Pebble Beach

Reports



Title Date Posted Size
Image of optimized line graphic using data URI Q3 2024 Market Report | Carmel Realty Company
As the Monterey Peninsula's Indian summer brings sunshine and warmer temperatures across the region, the real estate market is also experiencing an enjoyable period. After a spike in activity during the second quarter, the market experienced another well-performing quarter during Q3. This means we have seen six consecutive months of good activity and sales volume in our market, following a slower sales cycle over the prior 18 months. In addition, there is also promise for a third strong quarter ahead as September saw 115 homes go into escrow, the most of any month since May 2022. Inventory also closed the quarter with 379 active listings, over one hundred more than the same time last year, and the most we have seen on the Peninsula since the summer of 2020.		 10/11/2024
Image of optimized line graphic using data URI Q2 2024 Market Report
We have great news to report in the real estate market on the Monterey Peninsula. In the second quarter of the year, we saw the number of sales increase, sales volume increase, average sale prices increase, inventory increase and days on market decrease. Clearly, in this quarter the rain clouds lifted from above the Monterey Peninsula and so did the slow start to the year. Looking back at Q1, January and February gave some of the quietest months we have seen in years. March started a measurable recovery in both new listings and sales. This surge continued throughout the second quarter across the entire Peninsula resulting in three of the busiest months in real estate over the last two years. The sun is now shining, town is busy, and summer is in full swing.		 7/12/2024
Image of optimized line graphic using data URI Q1 2024 Market Report
Much like the close of 2023, the Monterey Peninsula's real estate market had a sleepy start to 2024. The typical rainy and windy weather conditions throughout the opening months of the year paired with continued economic pressure on both the entry level and luxury ends of the market led to a slow first two months of the year. The entry level market remained uneasy due to lingering elevated interest rates. The higher end of the market stayed slow over the winter months due to macro-economic uncertainty, geopolitical concerns, and other distractions that kept most affluent buyers on the sidelines. Luckily, as we moved into March, we felt a surge of activity. After 91 new listings in January and 98 more in February, March saw 152 new listings come to market. This was the highest number of new listings we have seen come on the market in one calendar month since June of 2022.		 4/11/2024
Image of optimized line graphic using data URI 2023 Annual Market Report
The Monterey Peninsula was bustling this holiday season. Town was busy, shops and restaurants were full, and the outdoor lifestyle was in full swing for both the Thanksgiving and Christmas holiday weeks. The rest of the quarter was a bit quieter, as was the real estate market. Across the entire Peninsula, Q4 was down just slightly from the same quarter last year. For the entire year, 2023 experienced a meaningful reduction in the number of homes sold and in total dollar volume compared to 2022.		 2/9/2024
Image of optimized line graphic using data URI 2023 Annual Market Report
The Monterey Peninsula was bustling this holiday season. Town was busy, shops and restaurants were full, and the outdoor lifestyle was in full swing for both the Thanksgiving and Christmas holiday weeks. The rest of the quarter was a bit quieter, as was the real estate market. Across the entire Peninsula, Q4 was down just slightly from the same quarter last year. For the entire year, 2023 experienced a meaningful reduction in the number of homes sold and in total dollar volume compared to 2022.		 1/15/2024
Image of optimized line graphic using data URI Q3 2023 Market Report - Carmel Realty Company
The Monterey Peninsula had a busy summer beginning with the first ever US Women's Open in July and continuing through a very successful Concours d'Elegance in August. Over the last three months, the streets have been bustling, shops busy and restaurants flourishing. Demand for real estate remained high and while inventory has improved a bit, the number of available homes for sale on the Peninsula is still well below pre-Covid levels. Read more about the current conditions of the real estate market in our Q3 2023 Market Report...		 10/12/2023
Image of optimized line graphic using data URI Q2 2023 Market Report - Carmel Realty Company
The Monterey Peninsula experienced a strong rebound in the second quarter of 2023 after almost nine months of slow activity. Beginning in Q4 of last year, transaction and dollar volumes in most markets across the Peninsula were down over 50% year over year. However, in this second quarter of 2023 we saw the amount of sales increase by 25.7% and the total sales volume was up 29.3% in comparison to the first quarter of this year.		 7/14/2023
Image of optimized line graphic using data URI Q1 2023 Market Report
Affected by numerous external drivers, the Monterey Peninsula Real Estate market experienced a 5.5% reduction in transactions from Q4 of 2022 and a 36% reduction from the same quarter last year. This means the market performed comparably to national figures, which is impressive considering the region experienced extremely difficult weather during much of the quarter. The storms in Q1 delivered excessive rain, wind, flooding, and power outages throughout much of the area which made it very difficult to even show property. Combined with macro-economic pressures across the real estate market, high interest rates and geopolitical uncertainty, buyers transacted at very low levels compared to previous quarters. Looking even closer, these factors specifically affected the number of high-priced discretionary sales throughout Carmel and Pebble Beach, dropping total dollar volume and average sales price much more than usual. On a positive note, with extremely tight inventory, values have held up well across the Peninsula and continue to outperform the national market.		 4/11/2023
Image of optimized line graphic using data URI 2022 Annual Market Report
Following two years of extraordinary growth, the real estate market on the Monterey Peninsula has normalized. The number of transactions, total dollar volume and average sale pricesall hit record highs beginning in the second half of 2020 and continuing into the first half of 2022. However, beginning in the summer of 2022, the number of transactions and total sales dollar volume has returned for the most part to pre-COVID levels. The positive news is that while transaction volume is down significantly from the previous two-year peak, home values on the Peninsula are holding up nicely. In this regard, once again, our market is greatly outperforming most markets across the country. Please read on to learn more about your area!		 1/17/2023
Image of optimized line graphic using data URI Q3 2022 Market Report
You have heard it said that we live in a bubble here on the Monterey Peninsula. That bubble has protected us and softened many of the global and national disruptions that have so adversely affected other areas. This phenomenon is holding true as it relates to the real estate market as well. Please read on to learn more about the market!		 10/13/2022
Image of optimized line graphic using data URI Q2 2022 Market Report
Real estate markets across the country are cooling down after two years of pandemic related growth. With macro-economic pressure, inflation, and higher interest rates, sales volumes have declined in most markets throughout the US. After almost eight quarters of extraordinary growth Monterey Peninsula Real Estate is also showing signs of “Normalizing” although the decline is not as significant as many parts of the country. Demand for living in this region remains extremely high and continues to outpace supply. With inventory of homes for sale still low across the Peninsula, average sale prices have remained high. For Q2 of 2022 the average sale price across the Peninsula was $1,922 down just 12% from last quarters high and slightly ahead of the average sale price at this time last year. Look through our report to learn more!		 7/15/2022
Image of optimized line graphic using data URI Q1 2022 Market Report
After a record-breaking year in 2021, Real Estate Sales activity on the Monterey Peninsula continued to deliver strong results in the first quarter of 2022. The Monterey Peninsula overall saw transaction volume decrease 27% due to less inventory for sale. However, continued strong demand drove average sale prices higher and the mix of higher priced home sales also increased. This contributed to strong quarterly sales dollar volume in Q1, 2022 that was 7% higher than Q1 of last year and just 12% lower than Q4. Click to learn more about Q1 of 2022!		 4/12/2022
Image of optimized line graphic using data URI 2021 Annual Market Report
After a record-breaking year in Real Estate Sales activity on the Monterey Peninsula in 2020, many were concerned how the market would perform in 2021. Extremely strong demand throughout all four quarters of 2021 kept volume levels and prices high, contributing to a record-breaking year. Total volume in 2021 across the Peninsula increased 25% over 2020 reaching just over $3.25B. The total number of units sold increased by 7% in 2021 and the average sale price grew nearly 17% across the Peninsula. Please view the full report here to see what 2021 brought to the real estate market on the Monterey Peninsula!		 1/14/2022
Image of optimized line graphic using data URI Q3 2021 Market Report
The Monterey Peninsula is one of the most beautiful places on earth. With “home” continuing to be more important than ever, demand for housing in this area remains very high. All of the reasons families have decided to relocate from urban markets to this area remain. At the same time the frenzy levels of 2020 have started to subside. While each of the nine markets we track in this report can vary, overall, it is safe to say that The Peninsula is beginning to normalize at what seems like healthy and potentially more sustainable levels. Continue reading to find out more about your market!		 10/18/2021
Image of optimized line graphic using data URI Q2 2021 Market Report
Market demand for houses across The Peninsula remained very strong in the second quarter of 2021. Current indications are that the 2021 calendar year volume levels will stay at exceedingly high levels. There were 477 sales in the nine markets we cover across The Peninsula representing a total volume of $932M in sales. This volume level is well ahead of Q1, 2021 and nearly three times the volume recorded in Q2 of last year.		 8/4/2021
Image of optimized line graphic using data URI Q1 2021 Market Report
The Monterey Peninsula had a very strong first quarter in 2021. The total number of sales and total volume increased over the previous Q1 in almost all of the 9 markets we track. As reported in our 2020 annual report, last year was a very dynamic year. Q1 of last year started out strong, but by the middle of March, volume dramatically declined due to the initial COVID-19 shelter-in-place directive. April of 2020 became the slowest month we have experienced on the Monterey Peninsula in over a decade. By June and throughout the rest of the year, the market was setting record highs in units sold, total sales volume, and average selling price. Continue reading to learn more!		 4/14/2021
Image of optimized line graphic using data URI 2020 Annual Market Report
Like most industries, the real estate market was significantly impacted by the global COVID pandemic. The year started out strong then came to a screeching stop in April and May due to the state's stay-at-home order in March. As Realtors, we quickly adapted, deploying additional video, virtual tours, and digital marketing solutions. It is said necessity breeds invention and innovation. When the order was lifted for essential services in May, the local real estate market experienced a major surge in business. All of the 9 markets we track experienced a significant increase in demand due to buyers rushing to our market to enjoy the lifestyle and benefits of living on the Monterey Peninsula. Please view to learn more about what happened in 2020!		 1/14/2021
Image of optimized line graphic using data URI 2020 Q3 Market Report
The 3rd quarter of 2020 has turned out to be one of the busiest quarters in our market's history. As the coming pages will demonstrate, demand across all 5 markets we track has been extraordinary. Read more to learn about the activity in each area.		 10/9/2020
Image of optimized line graphic using data URI 2020 Q2 Market Reports
An analytic review of market performance for the second quarter of 2020 highlights the impact the Covid-19 pandemic has had on our Real Estate Market. All of our markets experienced a significant downturn in activity starting late March and bottoming out in May where we saw transaction numbers lower than we have see in over a decade. As those restrictions began to loosen, business on the Peninsula began to rebound and is continuing to rebound. Read more to learn about the activity in each area.		 7/10/2020
Image of optimized line graphic using data URI 2020 Q1 Market Report
After a strong finish to 2019, Monterey Peninsula was off to a healthy Q1 2020. The underlying fundamentals seemed to be improving and prospects for a solid 2020 looked good in early March until we experienced the drastic change with the Shelter-In-Place on March 17, 2020. Please read our report to see what happened in the marketplace.		 4/16/2020
Image of optimized line graphic using data URI 2019 Annual Market Report 1/13/2020
Image of optimized line graphic using data URI Q3 2019 Market Report 10/11/2019
Image of optimized line graphic using data URI Q2 2019 Market Report 7/12/2019
Image of optimized line graphic using data URI Q1 2019 Market Report 4/5/2019
Image of optimized line graphic using data URI 2018 Annual Market Report 2/11/2019
Image of optimized line graphic using data URI Third Quarter 2018 Market Report 10/17/2018
Image of optimized line graphic using data URI 2017 Annual Market Report 4/11/2018 2.39 MB
Image of optimized line graphic using data URI December 2017 Report 1/8/2018 686.8 KB
Image of optimized line graphic using data URI November 2017 Report 12/7/2017 679.2 KB
Image of optimized line graphic using data URI October 2017 Report 11/8/2017 1.13 MB
Image of optimized line graphic using data URI September 2017 Report 10/11/2017 666.5 KB
Image of optimized line graphic using data URI August 2017 Report 9/14/2017 685.4 KB
Image of optimized line graphic using data URI July 2017 Report 8/9/2017 680.7 KB
Image of optimized line graphic using data URI June 2017 Report 7/17/2017 690.4 KB
Image of optimized line graphic using data URI May 2017 Report 6/15/2017 632.9 KB
Image of optimized line graphic using data URI April 2017 Report 5/8/2017 730.7 KB
Image of optimized line graphic using data URI March 2017 Report 4/20/2017 734.4 KB
Image of optimized line graphic using data URI 2016 Annual Market Report 2/27/2017 25.27 MB
Image of optimized line graphic using data URI December 2016 Report 1/10/2017 731.4 KB
Image of optimized line graphic using data URI November 2016 Report 12/9/2016 728.2 KB
Image of optimized line graphic using data URI October 2016 Report 11/17/2016 732 KB
Image of optimized line graphic using data URI September 2016 Report 10/7/2016 736.8 KB
Image of optimized line graphic using data URI August 2016 Report 10/7/2016 731.8 KB
Image of optimized line graphic using data URI July 2016 Report 8/26/2016 722.9 KB
Image of optimized line graphic using data URI June 2016 Report 7/15/2016 734.5 KB
Image of optimized line graphic using data URI May 2016 Reports 6/29/2016 737.7 KB
Image of optimized line graphic using data URI April 2016 Report 5/11/2016 725.8 KB
Image of optimized line graphic using data URI March 2016 Report 4/12/2016 726 KB
Image of optimized line graphic using data URI February 2016 Report 3/18/2016 725 KB
Image of optimized line graphic using data URI 2015 Annual Market Report 3/15/2016 2.11 MB
Image of optimized line graphic using data URI December Market Charts 2015 1/13/2016 1.65 MB
Image of optimized line graphic using data URI October Market Charts 2015 11/9/2015 1.6 MB
Image of optimized line graphic using data URI September Reports 10/9/2015 868 KB
Image of optimized line graphic using data URI August 2015 Reports 9/10/2015 1.64 MB
Image of optimized line graphic using data URI July 2015 Reports 8/10/2015 1.65 MB
Image of optimized line graphic using data URI June 2015 Report 7/6/2015 1.48 MB
Image of optimized line graphic using data URI May 2015 Report 6/8/2015 1.55 MB
Image of optimized line graphic using data URI April 2015 Reports 5/6/2015 232.2 KB
Image of optimized line graphic using data URI March 2015 Reports 4/6/2015 1.19 MB
Image of optimized line graphic using data URI February 2015 Reports 3/10/2015 1.38 MB
Image of optimized line graphic using data URI January 2015 Market Reports 2/17/2015 1.49 MB
Image of optimized line graphic using data URI Annual Market Report 2014 2/2/2015 2.51 MB
Image of optimized line graphic using data URI November 2014 Market Data Charts 12/16/2014 1.21 MB
Image of optimized line graphic using data URI October 2014 Market Data Charts 11/19/2014 190.3 KB
Image of optimized line graphic using data URI Third Quarter Market Report Pebble Beach 10/9/2014 305.5 KB
Image of optimized line graphic using data URI Third Quarter Market Report Carmel Valley 10/9/2014 307.6 KB
Image of optimized line graphic using data URI Third Quarter Market Report Carmel 10/9/2014 306.1 KB
Image of optimized line graphic using data URI September 2014 Market Snapshot Pebble Beach 9/12/2014 1.2 MB
Image of optimized line graphic using data URI September 2014 Market Snapshot Carmel Valley 9/12/2014 1.2 MB
Image of optimized line graphic using data URI 2013 Annual Market Report 7/24/2014 2.23 MB
Image of optimized line graphic using data URI 2013 Market Report - Pebble Beach 5/22/2014 362.1 KB
Image of optimized line graphic using data URI 2013 Market Report - Carmel Valley 5/22/2014 405.4 KB
Image of optimized line graphic using data URI 2013 Market Report - Carmel 5/22/2014 400.6 KB
Site Navigation