Heinrich Team's Market Report

Pacific Grove, CA 93950

Single-Family Homes

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



Pacific Grove, CA 93950

Thu Apr 26 2018
This week the median list price for Pacific Grove, CA 93950 is $1,295,000 with the market action index hovering around 29. This is less than last month's market action index of 34. Inventory has held steady at or around 33. 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Pacific Grove, CA 93950

Thu Apr 26 2018
This week the median list price for Pacific Grove, CA 93950 is $1,295,000 with the market action index hovering around 29. This is less than last month's market action index of 34. Inventory has held steady at or around 33. 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Pacific Grove market.
Median List Price $1,295,000
Per Square Foot $690
Days on Market 102
Price Decreased 30%
Price Increased 0%
Relisted 21%
Inventory 33
Median House Rent $3,077
Most Expensive $5,975,000
Least Expensive $550,000
Market Action Index
Slight Buyer's Advantage
29

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$2,145,000 3,121 6,500 - 8,000 sqft 3 4 32 1 0 146
$1,607,000 2,297 6,500 - 8,000 sqft 3 3 40 0 1 168
$989,500 1,771 6,500 - 8,000 sqft 3 2 61 1 2 58
$749,000 985 0 - 4,500 sqft 2 1 92 2 1 42