Monterey

January 2022 Real Estate Market Update

Monterey County Real Estate Market

Demand for real estate in Monterey County remains high going into 2022, with inventory down 42% since this time last year. Homes continue to bring in multiple offers above asking, even more than they did in January of 2021. We are seeing properties remain on the market slightly longer than they did in January last year, about 7 DOM longer on average.

Similar stats are found in condo, townhome, and single family home sales, reflecting the trend we have been seeing all year: everyone wants to buy in Monterey County and they are willing to pay top dollar in this highly desirable market no matter the type of property. The median single family home price in Monterey County in January 2022 was $875,000 for single family homes and $730,000 for condos and townhomes.

We saw a 5% decrease in inventory from January 2021 to January 2022, but there were many more homes on the market in January 2022 than December 2021, with a 50% increase in single family home listings and a 131% increase in townhome and condo listings.

For more information about the Monterey County real estate market, contact our office at any time!

View The MLS Listings Silicon Valley and Coastal Regions Single Family Home Market Overview

San Mateo County Real Estate Market Update January 2022

San Mateo County remains a hot sellers market, with only a slight increase in inventory since December of last year. With 37% less townhome and condo inventory and 45% less single family home inventory compared to January 0f 2021, even the slight increase in recent months has not brought demand or prices down.

The median single...

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City # Price Range
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Capitola Homes 24 $299k - $2.5m
Rio Del Mar / Seascape Homes 33 $598k - $7.0m
Santa Cruz Events 139 $120k - $30.0m
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Monterey County
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$0-$300000 231 $132k - $5.5m
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Big Sur Homes 5 $3.5m - $35.0m
Carmel Homes 112 $275k - $32.5m
Fishermans Flats 231 $132k - $5.5m
Glenwood Circle Monterey 231 $132k - $5.5m
Monterey Homes For Sale 231 $132k - $5.5m
Oak Grove Monterey 231 $132k - $5.5m
Old Town Monterey 231 $132k - $5.5m
Pebble Beach Homes 30 $1.9m - $25.0m
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