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Tom Bruce
The Shops at the Lodge
17 Mile Drive, P.O. Box 66
Pebble Beach, CA 93953
(831) 277-7200
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The market in 2006 was weaker than 2005 due to rising interest rates and higher oil prices. The housing price “collapse” that affected most of the country during 2006, did affect the Pebble Beach market, but not to the same degree as the rest of the state and the country. As we enter 2007, the limited housing inventory, the incomparable lifestyle that this area has to offer, has ensured that attraction of properties in Pebble Beach and helps maintain their value. However, today’s buyers will buy only if they have purchased value and they are very concerned that they not be the last one to overpay for a property.
AVERAGE HOME VALUE IN PEBBLE BEACH / CARMEL AREA
This information was compiled by by WAV Group Consulting based upon data published annually by the Monterey County Association of Realtors and is deemed reliable but is not guaranteed.
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