RE/MAX Accord's Market Report

Piedmont, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Piedmont, CA

Sat Aug 17 2019
This week the median list price for Piedmont, CA is $1,925,000 with the market action index hovering around 59. This is an increase over last month's market action index of 53. Inventory has held steady at or around 8. Click here to stay informed with the Piedmont market!

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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Piedmont, CA

Sat Aug 17 2019
This week the median list price for Piedmont, CA is $1,925,000 with the market action index hovering around 59. This is an increase over last month's market action index of 53. Inventory has held steady at or around 8. Click here to stay informed with the Piedmont market!

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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Piedmont market.
Median List Price $1,925,000
Per Square Foot $812
Days on Market 38
Price Decreased 25%
Price Increased 0%
Relisted 13%
Inventory 8
Median House Rent $4,350
Most Expensive $6,680,000
Least Expensive $1,050,000
Market Action Index
Strong Seller's Market
59

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$5,434,000 5,857 0.5 - 1 acre 6 3 89 0 0 59
$2,800,000 3,474 6,500 - 8,000 sqft 4 2 87 0 1 84
$1,475,000 1,835 4,500 - 6,500 sqft 3 2 102 1 2 3
$1,174,500 1,432 4,500 - 6,500 sqft 3 2 104 0 0 7