Pebble Beach home sellers have lots to celebrate even though December 2010 sales were slow. December YTD sales of 75 are running 17.2% ahead of last year’s year-to-date sales of 64. December Property sales were 1, down 75.0% from 4 in December of 2009 and 66.7% lower than the 3 sales last month.
The best luxury sale in Pebble Beach for 2010 was the grand estate at 1548 Cypress Drive which of course Sotheby’s International Realty in Carmel sold for $18,750,000.00. Luxury sales in Pebble Beach over 5 million dollars for 2010 was 7 sales. In 2009 only 3 homes sold over 5 million dollars a HUGE improvement and positive sigh of a recovery.
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The Median Sales Price in December was $4,575,000, up 341.0% from $1,037,500 in December of 2009 and up 119.4% from $2,085,000 last month. The Average Sales Price in December was $4,575,000, up 343.1% from $1,032,500 in December of 2009 and up 116.3% from $2,115,000 last month. December 2010 ASP was at the highest level compared to December of 2009 and 2008.
The Total Inventory of Properties available for sale as of December was 94, down 7.8% from 102 last month and down 15.3% from 111 in December of last year. December 2010 Inventory was at its lowest level compared with December of 2009 and 2008.
