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Happy New Year!

Attached you will find December 2020 Market Activity Reports. We finished the year 3.5% ahead on the # of closed units compared to 2019. Not bad considering we were 29% behind in June. We will look back on 2020 as an historic year in so many ways, not the least of which is this high watermark year in real estate.

Highlights by price range on the Monterey Peninsula:

  1. Under $500k – closed units down nearly 30% compared to 2019

  2. $500k to $1M – closed units were up 5.7% for the year vs. 2019

  3. Inventory in these two price categories is still the lowest in decades

  4. $1M to $3M – closed units are up 41.5% for the year compared to 2019

  5. $3M to $5M – closed units are up 97% over 2019!!

  6. Over $5M – closed units are up 103% over 2019!!!

See the reports, click on the PDF.

Market Reports Dec 2020
Download PDF • 381KB


Sotheby’s International Realty |  574 Lighthouse Avenue, Pacific Grove, Ca. 93950

Serving Monterey Peninsula and Carmel
Phone: 831-915-7256   Email:

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The information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we can not represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and can not be verified by Sotheby's International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information.