Q2 2026 Market Report onterey Peninsula hit full stride in Q2 In total, 297 homes closed s the Peninsula up 37% from Q1 and 12% from a year ago with olume reaching $626M, the highest quarterly total since Q2 2022! ales price came in at $2 3M, up 6% year over year, while the median Q1 to $1 5M
The quarter's biggest headline belonged to Pebble Beach, where a $31M closing marked the first on-MLS sale above $20M since 2022 But the momentum ran well beyond the trophy properties: Carmel-by-the-Sea topped $100M in quarterly volume, while Monterey, Pacific Grove, and Marina each posted their busiest quarter in years In Seaside, 60% of homes sold at or above asking a level of competition we haven't seen there since 2023
Sellers met the moment as well A wave of 466 new listings hit the market, up 38% from Q1, giving buyers their widest selection in years and the Peninsula absorbed it Days on market improved to 55 from 64, though buyers remain more deliberate than a year ago, and the familiar pattern held: well-priced homes moved quickly and often above asking, while aspirationally priced listings took longer to sell.
Looking ahead, the strength of the spring market deep demand, replenished inventory, and steady pricing sets the stage for an active second half of 2026 Success on either side of a sale will depend on thoughtful strategy, precise timing, and a clear understanding of each micro-market - and that is precisely the work we love most!
As 2026 reaches its midpoint, we’re proud to have helped ten clients in $25M of sales - every single one a returning client or referral - and there is no greater compliment!
If you or someone you know is curious abou the market or contemplating a move, we would be honored to help in the next chapter Nothing would make us happier than hearing from you!
All our best,
TABLE OF CONTENTS Carmel by the Sea
Greater Carmel
Carmel Valley
Pebble Beach
Monterey
Pacific Grove
Seaside
Marina
Corral & San Benancio
2 4 6 8 10 12 14 16 18
Carmel - by - the - Sea Carmel-by-the-Seadelivereditsliveliestquarterinmore thanayear,with28homesclosinginQ2 up65%from Q1and33%yearoveryear liftingtotalvolumeto $102M,thehighestsinceQ22024!
Theaveragesalespriceeasedto$3.6M,down23%from Q1'sexceptional$4.7M,yetthemedianclimbed18%year overyearto$3.4M evidenceofabroadermixofhomes changinghandsratherthananysofteninginvalues.
Homessoldinanaverageof48days,14%fasterthanlast quarter,while39%ofsalesclosedatorabovelistprice downfrom65%inQ1 asignbuyershadmoreleverage thisquarter.
Thirtynewlistings,themostsinceQ22024,offeredbuyers theirwidestselectioninseveralquarters
Overall,Q2toldthestoryofamarkettradingscarcityfor momentum:morelistings,moresales,robustvolume,and steadydemandforwell-positionedhomes.
Greater Carmel GreaterCarmelbuiltonitssteadystartto2026.The averagesalespricerose8%fromQ1to$3.5M essentiallyevenwithayearago whilethemedian climbedto$2.9M,up27%yearoveryear,extendingthe shifttowardhigher-pricedsales.
Twenty-eighthomesclosedinthequarter,uptwofrom Q1,liftingdollarvolume17%to$97M thoughboth salesandvolumeremainwellbelowtheunusuallyactive secondquartersofthepasttwoyears.
Homestooklongertosell,averaging86daysonmarket versus65lastquarter,evenas32%ofsalesclosedator abovelistprice upfrom21%ayearago.Sixty-twonew listings,up29%fromQ1,gavebuyerstheirbroadest selectioninayear
Q2reflectedamarketgainingdepth:firmerpricing, growinginventory,andbuyerswillingtocompeteforwellpositionedhomeswhiletakingtheirtimewiththerest.
Carmel Valley CarmelValleyfounditsstrideinQ2 Eighteenhomes closed,upthreefromQ1,liftingtotalvolume31%to $34M.Theaveragesalespricerose9%fromlastquarter to$19Mandthemedianedgedup4%to$17M,though bothremainbelowyear-agolevels.
Theclearestshiftwasinpace:averagedaysonmarketfell to60from128lastquarter thefastesttheValleyhas movedsinceQ42023!Meanwhile,44%ofsalesclosedat orabovelistprice,upfrom27%inQ1andthehighest sharesinceQ22024.
Thirty-sixnewlistingscametomarketthisquarter,up sharplyfrom23inQ1,replenishingselectionheadinginto summer.
Quickersales,firmerpricingoffthewinterlows,and renewedcompetitionforwell-pricedhomesallpointtoa CarmelValleymarketregainingconviction
Pebble Beach Pebbledeliveredthequarter'sbiggestheadline:a$31M sale,thefirston-MLSclosingabove$20Msince2022!That salepushedtotalvolumeto$123M up73%yearover yearandthemarket'ssecondstraightquarterabove $100M as23homesclosed,fivemorethanQ1and threemorethanayearago.
Therecordsalenaturallyskewedtheaverages.The averagesalespriceof$5.3Mwasdown20%fromQ1's ultra-luxury-drivenquarteryetup50%yearoveryear Settingthatonesaleaside,theaveragelandsnear$4.2M, stillahealthy17%aheadoflastyear.
Beneaththeheadline,themarketmovedatameasured pace:daysonmarketheldessentiallyflatat87,thoughfar slowerthanthe26daysofQ22025.
Overall,Q2confirmedthedepthofdemandatthevery topofthemarketwhilethebroaderPebbleBeachmarket remainedselectiveandsteady
Monterey MontereycameroaringbackinQ2.Fifty-onehomes closed up70%fromQ1,28%fromayearago,andthe mostsinceQ12022 nearlydoublingtotalvolumeto $77M.
Pricingfirmedalongsidetheactivity.Theaveragesales pricerose12%fromQ1to$15M,backinlinewithayear ago,whilethemedianwas$1.2M.Sellersaveraged98%of listprice,and37%ofsalesclosedatoraboveasking,up from20%lastquarter
Themarketmovedfastertoo,withdaysonmarketfalling to45fromQ1's67.Eighty-twonewlistingshitthemarket themostsinceQ32021 keepingbuyerswellsupplied evenassalessurged
Overall,Q2markedasharpturnfromtheslowstarttothe year:moresales,quickerclosings,andfirmerpricing acrosstheboard.
Pacific Grove PacificGrovestagedastrikingturnaroundinQ2 Forty-two homesclosed up83%fromQ1,56%fromayearago, andthemostofanyquartersinceQ32022 drivingtotal volumeto$73M,morethandoublelastquarteranda recordoverthelastfiveyears.
Pricingstrengthenedalongsidethesurge.Theaverage salespricerose19%fromQ1to$1.7M,up6%yearover year,whilethemedianclimbed12%to$1.5M.Sellers averaged99%oflistprice,while38%ofsalesclosedator aboveasking
Daysonmarketlengthenedto42fromQ1'sbrisk26 a naturalconsequenceoffarmorehomestrading while 53newlistings,up23%fromlastquarter,keptfresh inventoryflowing
Overall,Q2showedPacificGrovefiringonallcylinders: recordvolume,firmerpricing,andamarketdeepenough toabsorbit.
Seaside SeasidesharpeneditscompetitiveedgeinQ2 Thirty homesclosed onemorethanbothlastquarteranda yearago whiletotalvolumerose17%to$29M,up9% yearoveryear.
Theaveragesalespriceclimbed13%fromQ1to$960K,up 6%fromayearago,whilethemedianeasedto$798K, reflectingahandfulofhigher-endsalespullingthe averageupratherthanbroadpricegains.
Competitionwasthestoryofthequarter:60%ofhomes soldatorabovelistprice upsharplyfrom34%inQ1 andthehighestsharesinceatleastmid-2025 assellers averagedafull100%ofaskinganddaysonmarketfellto 33from45.Fiftynewlistings,up22%yearoveryear,kept buyersbusy
Overall,Q2showedSeasideatitsmostcompetitivein years:quicksales,full-priceoffers,anddemandrunning aheadofsupplyforwell-pricedhomes.
Marina Marinaturnedinitsbusiestquarterinatleastthreeyears Forty-fourhomesclosed up22%fromQ1and29%from ayearago liftingtotalvolume24%to$46M,up35% yearoveryear.
Pricingcontinueditssteadyclimb Theaveragesalesprice reached$1M,up4%fromayearago,whilethemedian roseto$949K.Sellersaveraged99%oflist,and61%of homessoldatoraboveasking upfrom42%inQ1and thehighestsharesinceQ22024.
Supplyarrivedinforceaswell:77newlistings,up60% fromQ1andthemostofanyquarteronrecord!That breadthshowedindaysonmarket,whichroseto59from Q1'sbrisk29 competitiveatthewell-pricedend,slower fortherest
Overall,Q2wasMarina'sstrongestshowinginyears: recordactivity,steadypricegrowth,anddemanddeep enoughtoabsorbasurgeofnewinventory.
Corral&San Benancio Corral&SanBenanciosnappedbackinQ2 Afterasoft starttotheyear,33homesclosed uptenfromQ1 liftingtotalvolume78%to$45M,essentiallyevenwitha yearago
Pricingledtherecovery Theaveragesalespricejumped 24%fromQ1to$1.4M,up11%yearoveryear,whilethe medianreached$1.3M up15%fromayearagoandthe highestsinceQ22022
Themarketmoveddecisivelyfastertoo,withdayson marketcutinhalfto33fromQ1's65 thequickestpace inovertwoyears.Sellersaveraged98%oflistprice,with 42%ofsalesclosingatoraboveasking
Overall,Q2markedaclearreversalfromthewinter's pullback:strongerpricing,renewedactivity,andhomes sellingattheirfastestclipsince2023.
