Over the last five years, the Monterey Peninsula has averaged 132 sales per year over $2M.  Guess how many sales we’ve had in 2008 over $2M?

A)  88

B)  93

C)  112

D)  127

The answer is B.  93 homes and condos have sold for over $2M in 2008, representing a 29% reduction from the average over the last 5 years.  This confirms the general feeling that the market is indeed slower than average, but this also shows that there were 93 buyers in this price range still willing to make a large purchase in these uncertain times.  Click here for a report showing all 93 sales.