The Heinrich Team
Big Sur, CA 93920
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Big Sur, CA 93920
Thu Apr 25 2024
This week the median list price for Big Sur, CA 93920 is $10,725,000 with the market action index hovering around 27. This is an increase over last month's market action index of 23. Inventory has decreased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $10,725,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $2,775 | |
| Average Days on Market | 179 | |
| Median Days on Market | 147 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.
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 | 20 | 0 | 0 | 175 |
| $22,000,000 | 9,841 | 0 - 4,500 sqft | 12 | 10.5 | 94 | 0 | 0 | 105 |
| $10,725,000 | 3,150 | 5 - 10 acres | 3 | 3.3 | 31 | 0 | 0 | 224 |
| $3,375,000 | 2,732 | 2.5 - 5 acres | 3 | 2.8 | 41 | 0 | 0 | 171 |