RE/MAX Accord's Market Report
San Pablo, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
San Pablo, CA
Wed Oct 24 2018
This week the median list price for San Pablo, CA is $478,800 with the market action index hovering around 48. This is less than last month's market action index of 52. Inventory has held steady at or around 35.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
Strong Seller's Market
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $478,800 | |
| Per Square Foot | $392 | |
| Days on Market | 56 | |
| Price Decreased | 20% | |
| Price Increased | 9% | |
| Relisted | 14% | |
| Inventory | 35 | |
| Median House Rent | ||
| Most Expensive | $799,000 | |
| Least Expensive | $88,800 | |
|
Market Action Index
Strong Seller's Market |
48 |
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $594,499 | 1,795 | 4,500 - 6,500 sqft | 3 | 2 | 54 | 2 | 1 | 25 |
| $525,000 | 1,272 | 4,500 - 6,500 sqft | 3 | 2 | 56 | 3 | 2 | 33 |
| $449,900 | 948 | 4,500 - 6,500 sqft | 3 | 2 | 76 | 0 | 0 | 31 |
| $342,000 | 803 | 0 - 4,500 sqft | 2 | 2 | 74 | 2 | 1 | 131 |