As summer turns to fall, Q3 on the Monterey Peninsula brought energy and momentum, from Monterey Car Week to returning second-home buyers and steady visitor activity in Carmel, Pebble Beach, and surrounding areas. This quarter often sets the tone for the year, with luxury buyers returning and market trends taking shape.

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Overall, the market remained stable compared to last quarter and Q3 2024. Average sales price, homes sold, and total volume each changed by less than 5%. The biggest shift was in Days on Market: Carmel, Greater Carmel, and Pebble Beach rose 45% to 67 days, Marina and Seaside rose 35% to 51 days, while mid-market neighborhoods dropped 14%, showing steady demand.

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As we move into Q4, it’s anyone’s guess whether buyer activity will continue or slow seasonally. Despite the market’s steadiness, our team remains active with three “coming soon” and seven active listings but we’re never too busy to connect. Whether over coffee or a glass of wine, we’d love to catch up.

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All our best,

Malone & Team