Heinrich Brooksher Real Estate Group
Big Sur, CA 93920
Single-Family Homes
Heinrich Brooksher Real Estate Group - Carmel Realty Company
Big Sur, CA 93920
Sun Dec 22 2024
This week the median list price for Big Sur, CA 93920 is $4,500,000 with the market action index hovering around 24. This is an increase over last month's market action index of 20. Inventory has decreased to 11.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However because of excess inventory, prices have not yet stopped falling. Should the sales trend continue, expect prices to level off soon and potentially to resume their climb from there. Watch prices as the market transitions from a Buyer's market to a Seller's market.
Real-Time Market Profile
| Median List Price | $4,500,000 | |
| Median Price of New Listings | $9,950,000 | |
| Per Square Foot | $2,403 | |
| Average Days on Market | 251 | |
| Median Days on Market | 196 | |
| Price Decreased | 18% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 11 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
The market's 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 |
|---|---|---|---|---|---|---|---|---|
| $54,975,000 | 8,379 | N/A | 7 | 6 | 35 | 1 | 0 | 294 |
| $5,785,000 | 1,873 | 5 - 10 acres | 3 | 2.5 | 59 | 0 | 1 | 287 |
| $3,500,000 | 1,940 | 5 - 10 acres | 3 | 3 | 44 | 0 | 1 | 175 |
| $2,750,000 | 1,500 | 5 - 10 acres | 3 | 2 | 62 | 0 | 0 | 196 |