The Heinrich Team
Carmel, CA 93923
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Carmel, CA 93923
Fri Oct 15 2021
This week the median list price for Carmel, CA 93923 is $3,745,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 40.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $3,745,000 | |
| Median Price of New Listings | $3,095,000 | |
| Per Square Foot | $1,459 | |
| Average Days on Market | 91 | |
| Median Days on Market | 56 | |
| Price Decreased | 15% | |
| Price Increased | 8% | |
| Relisted | 8% | |
| Inventory | 40 | |
| Median Rent | $5,350 | |
| Market Action | 50 | |
| Strong Seller's Market | ||
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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 |
|---|---|---|---|---|---|---|---|---|
| $9,750,000 | 3,108 | 1 - 2.5 acres | 3 | 4 | 58 | 0 | 1 | 133 |
| $4,245,000 | 3,650 | 0.5 - 1 acre | 3 | 3 | 26 | 3 | 1 | 56 |
| $3,442,500 | 3,091 | 0.25 - 0.5 acre | 3 | 3 | 37 | 2 | 2 | 63 |
| $1,859,400 | 1,634 | 0.25 - 0.5 acre | 3 | 2 | 51 | 2 | 2 | 24 |