Monterey Peninsula Home Team - Mark Bruno
Carmel Valley, CA
Single-Family Homes
Keller Williams Coastal Estates
Carmel Valley, CA
Fri Jun 02 2023
This week the median list price for Carmel Valley, CA is $1,475,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Real-Time Market Profile
| Median List Price | $1,475,000 | |
| Median Price of New Listings | $2,400,000 | |
| Per Square Foot | $834 | |
| Average Days on Market | 129 | |
| Median Days on Market | 84 | |
| Price Decreased | 41% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 17 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,847,500 | 4,238 | 5 - 10 acres | 4 | 4.3 | 48 | 0 | 0 | 140 |
| $2,747,500 | 3,200 | 2.5 - 5 acres | 3 | 2.8 | 37 | 1 | 1 | 38 |
| $1,372,500 | 1,691 | 5 - 10 acres | 3 | 2 | 34 | 0 | 1 | 59 |
| $980,000 | 1,498 | N/A | 3 | 2 | 43 | 0 | 0 | 287 |