The Heinrich Team
Carmel, CA 93923
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Carmel, CA 93923
Fri Apr 23 2021
This week the median list price for Carmel, CA 93923 is $4,062,500 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has held steady at or around 48.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $4,062,500 | |
| Per Square Foot | $1,085 | |
| Days on Market | 39 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 48 | |
| Median Rent | $5,876 | |
| Most Expensive | $15,500,000 | |
| Least Expensive | $679,000 | |
| Market Action | 45 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $9,650,000 | 5,313 | 1 - 2.5 acres | 3 | 5 | 26 | 2 | 0 | 136 |
| $5,495,000 | 5,570 | 5 - 10 acres | 4 | 5 | 14 | 3 | 1 | 45 |
| $2,772,500 | 2,873 | 0.25 - 0.5 acre | 4 | 4 | 49 | 3 | 2 | 24 |
| $1,536,450 | 1,664 | 1 - 2.5 acres | 2 | 2 | 56 | 4 | 0 | 14 |