Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Building Dreams, one Home at a Time

Our Goal is to help you navigate the complexities of Silicon Valley Real Estate such that you are happy to recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Pebble Beach is home to some of the finest golf courses in the world.

Pebble Beach Area Profile

Area description or historical fact goes here.

Demographics:

  • Population: 
  • Median Age: 
  • households:
  • Median household Income: $
  • Mean Property Value: $

Business

  • Employees: 
  • Top 3 professions: 
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  • Average Commute: xxx Minutes

Pebble Beach City Government

Pebble Beach is an unincorporated area of Monterey County governed by the laws of the county and administered by the Pebble Beach Community Services District

Pebble Beach Community Service District

Things to Do

GOLF:

  • Cypress Point Club
  • Monterey Peninsula Country Club
  • Pebble Beach Golf Links
  • Pacific Grove Golf Links

Boating:

  • Under Construction

Diving

  • Under Construction

Other:

  • Under Construction

Education Opportunities

K-12 Schools Serving Pebble Beach

Public schools include links to ratings on Greatschools.org; private schools include links to their website.

  • UNDER CONSTRUCTION

Higher Education

  • California State Monterey Bay
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  • UNDER CONSTRUCTION

Real Estate Market

Pebble Beach Real Estate Trends: Average Sales Price and Average Sales to List Price Ratio by Month

Owing to the small number of homes in each band of the price differentials seen in the sales by price range below, the graph above depicting average sales price over time really does not provide meaningful trend date. For that we would have to compare homes within the five Real Estate areas within Pebble Beach and perhaps go further into selections of similar size, lot size, and location/view parameters to see the true parameters. The more curious trend line here is the red line representing the average sales price to list price ratio. Here we see bidding peaking at 96% of list and falling off in the last few months to 94%. This is in stark contrast to neighboring Silicon Valley where the red line is normally above list price. Please contact us if you would like a more detailed analysis of trends in the area you own or would like to purchase or invest in.

Pebble Beach Real Estate Trends: Sales by price range over the past 12 months

The histogram above breaks down home sales in the Pebble Beach area down by price range. Here we see the market has two apparent peaks at $1,200,000-$1,600,000 and over $3,000,000 with roughly twice as many homes for sale in those bands as the other price ranges.

Real Estate: 6-month Average: Days to Sell versus Price Range

The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market. 

Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. 

For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home. 

Here we see that homes tend to stay on the market 10-15 weeks in Pebble Beach, behaving like a more normal real estate market than, say, Santa Clara County. However, like Silicon Valley, the homes that sold in under a month generally sold at or above list price, indicating that if sellers want to move, they can do so quickly.

Understanding Price is imperative both form the Seller’s and Buyer’s perspectives.

For the seller, pricing too high can be disastrous. Buyers will focus their attention on lower-priced listings first. So can pricing so low that buyers wonder what is wrong with the property.

Much the current Silicon Valley Market is deliberately priced low to spark interest, often resulting in multiple offers driving the price up as evidenced by the ratios over 100%. However, the high-end properties, the ones that sit on the market a long time in the graph above, those often sell for less than list, sometimes when the sellers give up on waiting for their desired price. This trend is evidenced by the general trend for more expensive homes to sell for a lower proportion of list price.

Real Estate:6-month Average Sale Price to List Price Ratio by Price Range

The examples below bracket the low and high sales prices in the area for the following categories:

Pebble Beach Single Family Home Sales in the past 12 months:

This 2,635 sf 4br/3ba home on a 10,392 sf lot sold for $840,000 in April, 2018 and holds the low price mark for Pebble Beach single family homes in the period.

This 5,135 sf 5br/5.5ba on 2.72 waterfront acres sold for $25,250,000 in July, 2018 setting a new high price mark for Pebble Beach single family homes in the period.

Pebble Beach Condo and Town Home Sales in the past 12 months:

This 1,245 sf 2br/2ba condo in the Upper forest area sold for $610,000 in March, 2018 setting the low price mark for Pebble Beach condominium and townhouse sales for the period.

This 3,467 sf 3br/4ba condo on the Spanish Bay Club sold for $4,100,000 in June, 2018 setting the high price mark for Pebble Beach condominium and townhouse sales in the period.

Help me with Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made.