The Malone Hodges Team Market Report
Pebble Beach, CA 93953
Single-Family Homes
Carmel Realty Company | malone@malonehodges.com | 831-601-4740
Pebble Beach, CA 93953
Wed Apr 24 2024
This week the median list price for Pebble Beach, CA 93953 is $4,850,000 with the market action index hovering around 29. This is less than last month's market action index of 32. Inventory has increased to 27.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $4,850,000 | |
| Median Price of New Listings | $4,397,500 | |
| Per Square Foot | $1,228 | |
| Average Days on Market | 141 | |
| Median Days on Market | 126 | |
| Price Decreased | 37% | |
| Price Increased | 4% | |
| Relisted | 4% | |
| Inventory | 27 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $20,825,000 | 7,925 | 2.5 - 5 acres | 6 | 6.5 | 54 | 0 | 0 | 224 |
| $5,650,000 | 4,391 | 0.5 - 1 acre | 5 | 5 | 47 | 1 | 0 | 105 |
| $3,397,000 | 3,280 | 0.25 - 0.5 acre | 4 | 3.5 | 44 | 1 | 0 | 77 |
| $2,395,000 | 2,250 | 0.25 - 0.5 acre | 3 | 3 | 58 | 0 | 1 | 126 |