Thu Sep 16 2021
This week the median list price for Big Sur, CA 93920 is $2,900,000 with the market action index hovering around 23. This is an increase over last month's market action index of 18. Inventory has increased to 7.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$2,900,000|
|Median Price of New Listings||$0|
|Per Square Foot||$1,905|
|Average Days on Market||161|
|Median Days on Market||119|
|Slight Buyer's Advantage|
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$11,995,000||6,295||0 - 4,500 sqft||6||8||71||0||1||63|
|$6,675,000||2,109||10 - 20 acres||2||3||52||0||0||140|
|$2,697,500||1,325||5 - 10 acres||2||2||18||0||0||66|
|$1,795,000||1,521||10 - 20 acres||2||2||63||0||0||325|