Judged by gross dollar volume the real estate market in Carmel-by-the-Sea is looking like it is recovering from a year ago with Q3 2011 gross dollar value of $74,763,800 compared to Q3 2010 value of $44,223,000.
Real Estate sales in Carmel were up from 42 in Q3 2010 to 48 in Q3 2011, suggesting that the market for homes in Carmel-by-the-Sea remains strong. The average sales price was $1,557,000 and the median sales price was $1,212,000 for Q3 2011. The average days on market was 125 and the unsold inventory is still high for Carmel.
The data for this article was compiled from the Monterey Association of Realtors Multiple Listing Service and may not reflect all real estate activity. The Association does not guarantee or is responsible for the accuracy of the above data.