Heinrich Team's Market Report

Pacific Grove, CA 93950

Single-Family Homes

Coldwell Banker | 831-250-3399 | zach@theheinrichteam.com



Pacific Grove, CA 93950

Tue Feb 20 2018
This week the median list price for Pacific Grove, CA 93950 is $1,247,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 28. Click here to stay informed with the Pacific Grove market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Pacific Grove, CA 93950

Tue Feb 20 2018
This week the median list price for Pacific Grove, CA 93950 is $1,247,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 28. Click here to stay informed with the Pacific Grove market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Pacific Grove market.
Median List Price $1,247,000
Per Square Foot $721
Days on Market 90
Price Decreased 43%
Price Increased 0%
Relisted 57%
Inventory 28
Median House Rent $2,800
Most Expensive $6,350,000
Least Expensive $630,000
Market Action Index
Slight Seller's Advantage
38

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,450,000 2,494 6,500 - 8,000 sqft 3 4 26 1 0 130
$1,497,000 2,195 4,500 - 6,500 sqft 3 3 83 0 0 102
$1,069,000 1,511 0 - 4,500 sqft 3 2 90 3 0 55
$828,000 1,474 0 - 4,500 sqft 3 1 88 2 1 75