The Heinrich Team
Big Sur, CA 93920
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Big Sur, CA 93920
Mon Dec 11 2023
This week the median list price for Big Sur, CA 93920 is $5,850,000 with the market action index hovering around 21. This is less than last month's market action index of 25. Inventory has held steady at or around 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer'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 | $5,850,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $3,316 | |
| Average Days on Market | 131 | |
| Median Days on Market | 91 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 21 | |
| Slight Buyer's Advantage | ||
The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $32,000,000 | 3,261 | N/A | 4 | 4 | 19 | 0 | 0 | 42 |
| $17,475,000 | 3,318 | 5 - 10 acres | 2 | 2.8 | 28 | 0 | 0 | 126 |
| $4,824,500 | 3,200 | 2.5 - 5 acres | 3 | 3.8 | 30 | 0 | 0 | 238 |
| $3,125,000 | 867 | 2.5 - 5 acres | 1 | 1 | 39 | 0 | 0 | 73 |