Heinrich Team's Market Report

Carmel, CA 93923

Single-Family Homes

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



Carmel, CA 93923

Thu Apr 26 2018
This week the median list price for Carmel, CA 93923 is $3,595,000 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has held steady at or around 93. Click here to stay informed with the Carmel market!

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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Carmel, CA 93923

Thu Apr 26 2018
This week the median list price for Carmel, CA 93923 is $3,595,000 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has held steady at or around 93. Click here to stay informed with the Carmel market!

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

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Carmel market.
Median List Price $3,595,000
Per Square Foot $1,000
Days on Market 214
Price Decreased 28%
Price Increased 0%
Relisted 47%
Inventory 93
Median House Rent $6,566
Most Expensive $16,995,000
Least Expensive $179,000
Market Action Index
Slight Buyer's Advantage
24

In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate 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
$6,500,000 5,493 1 - 2.5 acres 4 6 16 0 0 350
$4,450,000 4,246 1 - 2.5 acres 4 5 16 2 0 303
$2,495,000 2,406 8,000 - 10,000 sqft 3 3 63 0 3 114
$1,282,000 1,611 0.25 - 0.5 acre 3 2 57 6 4 95