The Heinrich Team
Carmel Valley, CA 93924
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Carmel Valley, CA 93924
Sat Jan 23 2021
This week the median list price for Carmel Valley, CA 93924 is $1,650,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 35.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $1,650,000 | |
| Per Square Foot | $674 | |
| Days on Market | 189 | |
| Price Decreased | 29% | |
| Price Increased | 3% | |
| Relisted | 3% | |
| Inventory | 35 | |
| Median Rent | $7,197 | |
| Most Expensive | $13,725,000 | |
| Least Expensive | $535,000 | |
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,800,000 | 5,308 | 1 - 2.5 acres | 6 | 5 | 39 | 0 | 1 | 299 |
| $2,250,000 | 2,931 | 1 - 2.5 acres | 4 | 4 | 34 | 1 | 0 | 89 |
| $1,450,000 | 2,105 | 1 - 2.5 acres | 3 | 3 | 45 | 2 | 0 | 109 |
| $899,000 | 1,904 | 2.5 - 5 acres | 3 | 2 | 54 | 0 | 1 | 271 |