The Heinrich Team
Monterey, CA 93940
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Monterey, CA 93940
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.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| 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 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 41 | |
| 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.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,950,000 | 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 |