Heinrich Brooksher Real Estate Group
Big Sur, CA 93920
Single-Family Homes
Heinrich Brooksher Real Estate Group - Carmel Realty Company
Big Sur, CA 93920
Sat Sep 07 2024
This week the median list price for Big Sur, CA 93920 is $5,225,000 with the market action index hovering around 20. This is less than last month's market action index of 26. Inventory has held steady at or around 13.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $5,225,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $2,542 | |
| Average Days on Market | 170 | |
| Median Days on Market | 91 | |
| Price Decreased | 15% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 13 | |
| Median Rent | ||
| Market Action | 20 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $21,500,000 | 3,300 | N/A | 4 | 4 | 53 | 0 | 0 | 252 |
| $5,985,000 | 3,000 | 5 - 10 acres | 3 | 3.5 | 42 | 0 | 0 | 182 |
| $4,500,000 | 1,770 | 10 - 20 acres | 3 | 3 | 33 | 0 | 0 | 56 |
| $2,900,000 | 1,783 | 5 - 10 acres | 3 | 2.3 | 46 | 0 | 0 | 171 |