The Heinrich Team
Monterey, CA 93940
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Monterey, CA 93940
Mon Jul 04 2022
This week the median list price for Monterey, CA 93940 is $2,292,000 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has increased to 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $2,292,000 | |
| Median Price of New Listings | $1,370,000 | |
| Per Square Foot | $778 | |
| Average Days on Market | 71 | |
| Median Days on Market | 21 | |
| Price Decreased | 29% | |
| Price Increased | 5% | |
| Relisted | 10% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 57 | |
| Strong Seller's Market | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 | 4,737 | 1 - 2.5 acres | 5 | 5 | 29 | 0 | 0 | 21 |
| $2,750,000 | 4,606 | 0.5 - 1 acre | 4 | 4 | 33 | 1 | 1 | 35 |
| $1,490,000 | 2,046 | 0.25 - 0.5 acre | 3 | 3 | 60 | 2 | 2 | 7 |
| $1,000,000 | 1,189 | 4,500 - 6,500 sqft | 3 | 2 | 64 | 1 | 1 | 31 |