$1M  
There have been 10 homes sold in the Pacific Grove market over the last 30 days, continuing a three-week downward trend. During the same period, there were 15 new listings posted, the most since November. In comparison, Salinas led all other nearby municipalities with 67 new listings. The median sales price dropped to $702,000 over the latest reporting period for Pacific Grove, down from $705,000. With only three months of inventory to sell, Pacific Grove is a seller's market, in spite of the dip in sales.
Comments:

$1.9M  
With home sales in the Pacific Grove market already below average, in this week's report they slid 8.3% to 11 homes sold over the last 30 days. Within the same time frame, Salinas had 48 sales, the most of all cities in the area. The median sales price climbed to $705,000, up from last week's $702,000. In spite of the decrease in sales, a low three months of inventory signals that Pacific Grove is a seller's market.
Comments:

$735K  
Pacific Grove is a larger than average city in California with 15,041 residents. Its population is growing about even with the rest of the state, at a 10-year growth rate of -2.7%. The Pacific Grove market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Leading the list of top schools in the city are Robert Down Elementary School and Pacific Grove Middle School.
Comments:

$1.6M  
More sellers put their homes up for sale in the Pacific Grove market over the last 30 days and the number of new listings rose this week to 12. Home sales remained unchanged from the prior period and once again 12 homes were sold. Potential buyers should note that prices are coming down in Pacific Grove, and for this period the median sales price slid from $870,000 to $702,000. With only three months of inventory to sell, Pacific Grove is a seller's market, in spite of the flat sales.
Comments:

$795K  
With home sales in the Pacific Grove market already below average, in this week's report they slid 7.7% to 12 homes sold over the last 30 days. Within the same time frame, Salinas had 43 sales, the most of all cities in the area. Prices are falling in Pacific Grove, and this period the median price of all sales fell from $925,000 to $870,000. There are only three months of inventory available in Pacific Grove, so it's a seller's market, even with the decrease in sales.
Comments:

$1.1M  
The Pacific Grove market closed in on its 12-month sales average this week as sales rose 20.0% to reach 12 homes sold over the last 30 days. In comparison, nearby Salinas had 44 sales in the same time frame, the most of all neighboring cities. Prices are rising in Pacific Grove, and the median sales price this period increased from $862,500 to $932,500. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Pacific Grove is a seller's market.
Comments:

$925K  
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.
Comments:

$1.9M  
The Pacific Grove market pulled back this week but was still better than normal as sales dropped 11.8% to 15 homes sold over the last 30 days. In comparison, nearby Salinas had 56 sales in the same time frame, the most of all neighboring cities. Prices are rising in Pacific Grove, and the median sales price this period increased from $820,000 to $825,000. There are only two months of inventory available in Pacific Grove, so it's a solid seller's market, even with the decrease in sales.
Comments:

$735K  
Pacific Grove has a cost of living adjustment score of 177.6, which is very expensive when compared to others in California. Also, the area is considered affluent with a median income of $59,195 per household. Pacific Grove is made up of homes that are older than most with a median of 54 years. Leading the list of top schools in the city are Robert Down Elementary School and Pacific Grove Middle School.
Comments:

$925K  
Sales ticked up in the Pacific Grove market to 16 homes sold over the last 30 days. But the market is also under a budding downward trend in the number of contracts closing, with this week's number falling to 12. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price climbed to $822,500 over the latest reporting period for Pacific Grove, up from $820,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that Pacific Grove is a seller's market.
Comments:
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