The Heinrich Team
Carmel, CA 93923
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Carmel, CA 93923
Sat Jul 31 2021
This week the median list price for Carmel, CA 93923 is $3,447,500 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 40.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $3,447,500 | |
| Median Price of New Listings | $2,572,500 | |
| Per Square Foot | $1,148 | |
| Average Days on Market | 101 | |
| Median Days on Market | 39 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 40 | |
| Median Rent | $5,876 | |
| Market Action | 49 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. 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 |
|---|---|---|---|---|---|---|---|---|
| $10,447,500 | 5,608 | 1 - 2.5 acres | 3 | 5 | 42 | 1 | 1 | 136 |
| $4,395,000 | 3,041 | 0.25 - 0.5 acre | 3 | 3 | 20 | 2 | 0 | 70 |
| $2,775,000 | 2,470 | 0.25 - 0.5 acre | 3 | 3 | 36 | 1 | 2 | 31 |
| $1,435,000 | 1,875 | 0.5 - 1 acre | 3 | 2 | 52 | 4 | 4 | 28 |