Heinrich Team's Market Report

Carmel, CA 93923

Single-Family Homes

Coldwell Banker | 831-250-3399 | zach@theheinrichteam.com



Carmel, CA 93923

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Carmel, CA 93923

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Carmel market.
Median List Price $2,935,000
Per Square Foot $985
Days on Market 223
Price Decreased 24%
Price Increased 1%
Relisted 73%
Inventory 90
Median House Rent $4,650
Most Expensive $16,995,000
Least Expensive $183,000
Market Action Index
Slight Buyer's Advantage
27

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
$6,865,000 5,027 1 - 2.5 acres 4 5 24 0 0 326
$4,197,000 3,618 0.25 - 0.5 acre 4 4 20 1 2 238
$2,100,000 2,884 0.25 - 0.5 acre 3 3 46 4 5 173
$1,195,000 1,612 6,500 - 8,000 sqft 3 2 54 3 1 160