Courtney Jones
Pebble Beach | Carmel | Carmel Valley

Reports



Title Date Posted Size
Image of optimized line graphic using data URI Q3 2024 Market Report
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.		 10/15/2024
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.		 7/18/2024
Image of optimized line graphic using data URI Q1 2024 Market Report
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.		 4/18/2024
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.		 1/16/2024
Image of optimized line graphic using data URI Q3 2023 Market Report | Courtney Jones
Our biggest challenge this last quarter has been finding good quality inventory. The market continues to move along at a fairly consistent pace, although the looming typical holiday slow down is notable. Buyers sat on the sideline the first half of the year thinking prices were going to drop and when that didn't happen, activity picked up this summer. While the higher interest rates do give buyers a momentary pause, the biggest concern is future appreciation and where the market is headed in 2024, especially given that it will be an election year. Personally, I find it a refreshing time for buyers to negotiate again and regain some of the power they lost during the peak. This is also the time of year when our off-market inventory rises. Sellers are quietly preparing their houses and targeting the spring to officially list. Just because the market slows for the holidays, there is plenty of activity behind the scenes. Contact me if you'd like a peak into this discreetly available inventory or please visit the buyer tab on my website to sign up for notifications of coming soon property.		 10/17/2023
Image of optimized line graphic using data URI Q2 2023 Market Report
June of last year was the peak of our market. The average sales price on the Monterey Peninsula is down 8.6% from this time last year and marketing periods are 64% longer. However, compared to the even lower numbers we saw in Q1, we're happy to say Q2 can be called the rebound quarter. We are trending in a positive direction and believe that to continue. We don't expect to see the heights of last year, but we don't see signs of a recession either. We are moving toward an equilibrium which makes for a healthy market.		 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, pricing values have held up well.		 4/12/2023
Image of optimized line graphic using data URI 2022 Annual Market Report 1/26/2023
Image of optimized line graphic using data URI Q3 2022 Market Report 1/26/2023
Image of optimized line graphic using data URI Q2 2022 Market Report 8/18/2022
Image of optimized line graphic using data URI Q1 2022 Market Report 4/19/2022
Image of optimized line graphic using data URI 2021 Annual Market Report 1/20/2022
Image of optimized line graphic using data URI Q3 2021 Market Report 10/21/2021
Image of optimized line graphic using data URI Q2 2021 Market Report 8/4/2021
Image of optimized line graphic using data URI Q1 2021 Market Report 4/19/2021
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!		 1/18/2021
Image of optimized line graphic using data URI Q3 2020 Market Report 11/16/2020
Image of optimized line graphic using data URI Q2 2020 Market Report
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.		 7/14/2020
Image of optimized line graphic using data URI 2020 Q1 Market Report 4/20/2020
Image of optimized line graphic using data URI 2018 Annual Market Report 3/28/2020 7.62 MB
Image of optimized line graphic using data URI 2019 Annual Market Report 1/17/2020
Image of optimized line graphic using data URI June 2018 Market Report 6/6/2018 404.3 KB
Image of optimized line graphic using data URI 2016 Annual Market Report 2/23/2017 4.08 MB
Image of optimized line graphic using data URI MalPaso Water Overview 6/10/2016 164.4 KB
Image of optimized line graphic using data URI 2014 Annual Market Report 2/20/2015 2.37 MB
Image of optimized line graphic using data URI Summer 2014
A real estate market update for Carmel, Carmel Valley and Pebble Beach.		 9/5/2014 4.05 MB
Image of optimized line graphic using data URI Market Update - May 2014 5/12/2014 6.77 MB
Image of optimized line graphic using data URI Market Update - Spring 2014 5/12/2014 2.34 MB
Image of optimized line graphic using data URI Market Update - January 2014 2/14/2014 284.2 KB
Image of optimized line graphic using data URI Market Update - September 2013 2/14/2014 6.13 MB
Image of optimized line graphic using data URI Market Update - June 2013 2/14/2014 1.13 MB
Image of optimized line graphic using data URI Market Update - April 2013 2/14/2014 3.02 MB
Image of optimized line graphic using data URI Market Update - October 2012 2/14/2014 728.2 KB
Image of optimized line graphic using data URI Market Update - June 2012 2/14/2014 446.5 KB
Image of optimized line graphic using data URI Market Update - May 2012 2/14/2014 3.62 MB
Image of optimized line graphic using data URI Market Update - January 2012 2/14/2014 1.07 MB
Image of optimized line graphic using data URI Market Update - September 2011 2/14/2014 2.54 MB
Image of optimized line graphic using data URI Market Update - April 2011 2/14/2014 329.1 KB
Image of optimized line graphic using data URI Market Update - January 2011 2/14/2014 1.07 MB
Image of optimized line graphic using data URI Market Update - October 2010 2/14/2014 322.6 KB
Image of optimized line graphic using data URI Market Update - July 2010 2/14/2014 242.6 KB
Image of optimized line graphic using data URI Market Update - June 2010 2/14/2014 213 KB
Site Navigation