Sales Decline in Pacific Grove Real Estate Market

The Pacific Grove market slowed with a 33.3% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 14.2 monthly average with 10 homes sold. In comparison, nearby Salinas had 53 sales in the same time frame, the most of all neighboring cities. Months of inventory continued a steady fall, trending downwards for four weeks to reach four months.

Looking for a more classic home in Pacific Grove? These are older homes currently available in the market:

$925K   $1.4M   $615K  

Get started right now by checking out Pacific Grove homes for sale or reviewing Pacific Grove real estate trends.

Demographic facts about Pacific Grove:

  • 39.2% of the people living here own their homes.
  • The student-to-teacher ratio is 17.3:1. (15.3:1 = national average)

Data reported through 1/11/2017

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Monterey Coast Realty
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