Pebble Beach Real Estate
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This is an overview of the Pebble Beach real estate market. It is intended as a resource for investors and other home buyers when researching Pebble Beach homes for sale.
The information is compiled from many sources, and will be updated every 3 months, however, some of the sources drawn from may be a few years older.
Last updated 3/13/10
OVERVIEW
Pebble Beach located on the Monterey Peninsula and is known for the annual golf classics as well as the 17 Mile Drive. The area is also known as the Del Monte Forest, and it really is a forest by the sea.
The area code is 831 and the zip code is 93953. The population is around 4600.
MEDIAN HOUSEHOLD INCOME
$115,000
MEDIAN HOME PRICE
The median sales price according to Cyberhomes is $889,000.
PROPERTY TAXESThe median property taxes are estimated at a whopping $3596.
RENTERS VS. HOMEOWNERS
Around 12% renters and 25% of homes are vacant. Rents range from $2000-3000, with $2800 seeming to be the median.
COST OF LIVING
The cost of living in Pacific Grove is extremely high compared to the national average, even for California standards.
THE HOUSES
Most of Pebble Beach real estate was built in the 40's and 50's, with the next largest groups being built in the 1960's, then 70's.
Utility gas is used by 90% for heating, and 10% use electricity.
JOBS
Some of the top employers in Pebble Beach include hotels, motels, golf courses and country clubs. Other top job industries include management, education and construction.
Unemployment for the area is 16.6% as of February 2010.
COMMUTING
The average time for commuters to get to work is 25 minutes. 16% work from home.
THE PEOPLE
Ethnic makeup in this area is predominately white at 90% and hispanic at 2%. Around 15% are foreign born. Of these, there is an interesting combination of Canadian, Korean, Chinese, Mexican, British, German and Iranian.
EDUCATION
82% of people have a high school degree or higher, 50% have a bachelor's degree or higher.
THE WEATHER
Temperatures range from 68 in summer to 43 degrees Fahrenheit in winter. There are usually around 21 inches of rain. You can expect about 260 sunny days per year.
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