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When looking at even more specific Monterey Peninsula data (Carmel-by-the-Sea, Carmel, Pebble Beach, Pacific Grove and Monterey) over a 15 week period, you can see the hyper-frenzied market of spring has cooled a little with the percentage of sale price/ list price becoming more tempered (over asking of 107% of ask to 95% of ask).
Note: Home closing data lags the market by 30 days +/- since the contract was negotiated and then the home closed escrow. So June 21 data is from the negotiation period of approximately May 21. And September 27 is from the end of August when a few local factors (i.e. Tahoe fires) and a rush of new listing inventory impacted our market.
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