Monterey County Citywise Report for January 2015

The actual numbers show homes sold in Jan 2015 was more than Jan 2014. However,it took less days to sell a home, as compared to Jan 2014.Average price of homes was lower in Jan 2015 as compared to Jan 2014.

Monterey County Citywise  Homes Sales

Number of homes sold was analyzed for 11 cities.

    • 8 cities saw an increase in volume compared to corresponding period in Jan 2014.
    • 9 cities saw a drop in volume in Jan 2015 compared to Dec 2014.
    • On the flip side 3 cities saw a drop in volume in Jan 2015 compared to Jan 2014.
    • Total homes sold in Jan 2014 was 167, Dec 2014 was 216 and Jan 2015 was 174.


Monterey County SP/LP%

      • Every City except Del Rey Oak, Greenfield and Prunedale  had sales closings below asking price in the month of Jan 2015.
      • The situation was similar in Jan 2014. Every city except Del Rey Oak, Gonzales, Greenfield and Salinas had sales below asking price.
      • The average SP/LP % ( Sales Price/List Price %) in Jan 2014 was 97.80% and average SP/LP% in Jan 2015 was 97.46%.


Monterey Cities Days on Market ( DOM)

        • Listings in 11 cities out of 18 cities reviewed took less time to sell, as compared to listings sold in Jan 2015.
        • Listings in Castro Ville (36), Del Rey Oak (45), and Prunedale (50) took 50 or less days to sell.
        • Listings in Carmel (131), Carmel by the sea (121), Carmel Valley (181), Monterey (155), Pacific Grove (111), Pebble Beach (163) and Seaside (120) took 100 or more days to sell.
        • All other cities fell between  an average between 49-99 days
        • The average listing days in Monterey County last Jan 2014 was 138 Days. This moved down to 94 Days in Jan 2015.


Monterey County Citywise Average Prices

          • Citywise Average sales price was analysed for 11 cities in Monterey county for last 1 year.
          • Listings in 6 cities saw a price increase in Jan 2015  compared to last Jan 2014.
          • However, Listings in 8 Cities saw small price drops compared to previous month of Dec 2014.
          • Average price in Jan 2014 was $661,179. Average price in Jan 2015 was at $650,310.



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