The Heinrich Team
Big Sur, CA 93920
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Big Sur, CA 93920
Fri Jul 26 2024
This week the median list price for Big Sur, CA 93920 is $5,895,000 with the market action index hovering around 26. This is less than last month's market action index of 29. Inventory has increased to 11.
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 | $5,895,000 | |
| Median Price of New Listings | $5,895,000 | |
| Per Square Foot | $2,235 | |
| Average Days on Market | 168 | |
| Median Days on Market | 196 | |
| Price Decreased | 9% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 11 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
The market’s light downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
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 |
|---|---|---|---|---|---|---|---|---|
| $27,000,000 | 6,551 | N/A | 8 | 7.3 | 57 | 0 | 0 | 231 |
| $9,950,000 | 3,000 | 5 - 10 acres | 3 | 3 | 59 | 0 | 0 | 210 |
| $4,500,000 | 3,000 | 5 - 10 acres | 3 | 3.5 | 42 | 1 | 0 | 14 |
| $2,950,000 | 2,065 | 5 - 10 acres | 3 | 2.5 | 31 | 0 | 0 | 210 |