Sat Dec 03 2022
This week the median list price for Monterey, CA 93940 is $2,650,000 with the market action index hovering around 41. This is less than last month's market action index of 43. Inventory has held steady at or around 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,650,000|
|Median Price of New Listings||$2,249,000|
|Per Square Foot||$780|
|Average Days on Market||146|
|Median Days on Market||91|
|Slight Seller's Advantage|
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,950,000||4,836||1 - 2.5 acres||5||5||31||0||0||175|
|$2,750,000||4,648||0.5 - 1 acre||4||3||30||0||0||161|
|$2,179,000||3,356||0.25 - 0.5 acre||4||3||29||1||0||196|
|$1,119,500||1,264||4,500 - 6,500 sqft||2||1.5||89||0||0||17|