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Q1 2026 Market Update

The Monterey Peninsula delivered a strong start to the year, with Q1 2026 marking its best first quarter since 2022. In total, 217 homes closed across the Peninsula, with an average sales price of $2.5M and total sales volume reaching an impressive $471M.

Carmel-by-the-Sea saw a meaningful increase in high-end activity, with 30% of all sales closing above $5M, while Pebble Beach welcomed the return of ultra-luxury demand, including two sales above $20M. Pebble Beach also recorded its first quarter with no sales under $2M, a notable signal of strength at the top of the market.

Even with stronger sales activity, average days on market rose to 64, the highest first-quarter level since 2022, underscoring how deliberate buyers remain in today’s environment. Well-priced homes continued to attract attention, with properties selling at or above list price averaging 28 days on market, compared with 82 days for homes that sold below asking.

This Quarter was also a meaningful reminder of how fortunate I am to support clients across the Peninsula at every stage of their next chapter..

Looking ahead, the market appears well-positioned for a strong Spring and an active 2026. For both buyers and sellers, success will depend on thoughtful strategy, precise timing, and a clear understanding of each micro-market.

If you or someone you know is curious about the market or contemplating a move, I would be honored to help!  More than half my sales last year were repeat clients, a reflection of the trust and relationships built over time.

 HIGHLIGHTS

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BY SALES VOLUME

#3 small team

In Carmel

2021

According to Real Trends
and as advertised in the Wall Street Journal

BY SALES VOLUME

#3 Individual

Across The Monterey Peninsula

2022

According to Real Trends
and as advertised in the Wall Street Journal

BY SALES VOLUME

Top 10 Team

Across The Monterey Peninsula

2023

According to Real Trends
and as advertised in the Wall Street Journal
Real Estate Services (5).png

Devon Meeker

(650) 759 4193
devon
@devonmeeker.com
DRE#02074131

Dolores Street between 7th & 8th

PO Drawer C

Carmel-by-the-Sea, CA 93921

CONTACT

LOCATION

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© 2022 DEVON MEEKER REALTY

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