The Heinrich Team
Monterey, CA 93940
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Monterey, CA 93940
Mon Jan 24 2022
This week the median list price for Monterey, CA 93940 is $1,875,000 with the market action index hovering around 54. This is about the same as last month's market action index of 54. Inventory has decreased to 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,875,000 | |
| Median Price of New Listings | $1,395,000 | |
| Per Square Foot | $689 | |
| Average Days on Market | 102 | |
| Median Days on Market | 70 | |
| Price Decreased | 44% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 16 | |
| Median Rent | $3,048 | |
| Market Action | 54 | |
| Strong Seller's Market | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general 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 |
|---|---|---|---|---|---|---|---|---|
| $4,549,500 | 5,897 | 0.5 - 1 acre | 4 | 6.5 | 16 | 0 | 1 | 115 |
| $2,999,500 | 4,340 | 0.5 - 1 acre | 5 | 4.5 | 29 | 1 | 2 | 84 |
| $1,395,000 | 2,463 | 0.25 - 0.5 acre | 4 | 3.5 | 69 | 2 | 0 | 52 |
| $1,108,000 | 1,557 | 6,500 - 8,000 sqft | 3 | 3 | 73 | 0 | 1 | 73 |