The focus for this month’s report is narrowed down to Pacific Grove, California. It’s a hot market right now and prices are the highest in over a decade. Check out my video and then download the report below.
We’ve seen strong growth overall for the year to date as compared to 2016. Average sales price is up 11% and now tops $1 million. The number of property sales in June was the highest in several years. Also, the MSI (months needed to sell all inventory) was 1.4, the lowest in years as well. An MSI of 0-3 is considered a seller’s market, and so it’s a great time to be a seller in Pacific Grove. Likewise, it says a lot about the buyers coming in — people want to be here, it’s a great town to live in and a great community to be part of. For a PDF of the report, click the link below. Please post feedback and comments below, and contact me with any questions about buying or selling real estate. I look forward to seeing you in town!