$6.8M  
Sales in the Pacific Grove market remained level with 18 homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with 12 price reductions in the same time frame. While price reduction numbers dropped, sale prices were able to climb. This week's reported median sales price of $874,500 continued a four-week upswing. Despite the flat sales, a relatively low three months of inventory remaining indicates that Pacific Grove is a seller's market.
Comments:

$784K  
While home sales in the Pacific Grove market have been above average, in this week's report they slid 14.3% to 18 homes sold over the last 30 days. On the other hand, close-by Salinas registered 52 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $912,500, down from last week's $950,000. 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:

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. With a median age of 54 years, homes in Pacific Grove tend to be older than most. The top schools in the city are Robert Down Elementary School and Pacific Grove Middle School.
Comments:

$720K  
The Pacific Grove market slowed with a 4.5% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (15.8) with 21 homes sold. Within the same time frame, Salinas had 59 sales, the most of all cities in the area. Potential buyers should note that prices went up in Pacific Grove, with the median for this period rising from $912,500 to $950,000. In spite of the decrease in sales, a low three months of inventory signals that Pacific Grove is a seller's market.
Comments:

$1.1M  
The Pacific Grove market was healthy in this week's report, as the number of home sales climbed 10.0%, pushing the total to 22 homes sold over the last 30 days. To put it in perspective, close-by Salinas registered 59 homes sold in the same time frame, the most of all surrounding cities. Prices are rising in Pacific Grove, and the median sales price this period increased from $899,000 to $912,500. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Pacific Grove is a strong seller's market.
Comments:

$2.6M  
The Pacific Grove market slowed with a 16.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (15.7) with 20 homes sold. In comparison, nearby Salinas had 65 sales in the same time frame, the most of all neighboring cities. Months of inventory were further reduced to two, extending a downward trend to four weeks. In spite of the decrease in sales, the lack of inventory signals that Pacific Grove is still a definite seller's market.
Comments:

$1.8M  
Sales in the Pacific Grove market ticked up to 24 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 17, which continues a determined upward trend in price reductions. Prices are rising in Pacific Grove, and the median sales price this period increased from $797,000 to $874,500. The rising sales and a low two months of inventory point to Pacific Grove being a strong seller's market.
Comments:

$1.4M  
The Pacific Grove market was busy this week as sales rose 15.0% to hit 23 homes sold over the last 30 days. To put it in perspective, close-by Salinas registered 53 homes sold in the same time frame, the most of all surrounding cities. The median sales price climbed to $797,000, up from last week's $792,406. With only two months of inventory and rising sales, Pacific Grove is a definite seller's market.
Comments:

Pacific Grove is a larger than average city in California with 15,041 residents. Its population is also growing about even with others at a 10-year growth rate of -2.7%. The Pacific Grove market almost exclusively consists of detached houses, accounting for 91% of the current homes in the area. Leading the list of top schools in the city are Robert Down Elementary School and Pacific Grove Middle School.
Comments:

$1M  
The Pacific Grove market saw sales remain consistent with 20 homes sold over the last 30 days and is also under a confirmed downward trend in the number of contracts closing, with this week's number falling to 25. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price dropped to $792,406 over the latest reporting period for Pacific Grove, down from $816,406. There are only two months of inventory available in Pacific Grove, so it's still solid seller's market, even with the shrinking contracts numbers.
Comments:
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