Barry Brown
Arroyo Grande, CA
Single-Family Homes
Barry Brown Real Estate - Broker/Owner
Arroyo Grande, CA
Tue Apr 23 2024
This week the median list price for Arroyo Grande, CA is $1,449,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $1,449,000 | |
| Median Price of New Listings | $1,750,000 | |
| Per Square Foot | $594 | |
| Average Days on Market | 73 | |
| Median Days on Market | 42 | |
| Price Decreased | 48% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 29 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,345,000 | 4,460 | 5 - 10 acres | 5 | 4 | 35 | 2 | 0 | 56 |
| $1,750,000 | 2,777 | 1 - 2.5 acres | 4 | 3.5 | 22 | 2 | 1 | 14 |
| $1,315,000 | 2,397 | 0.25 - 0.5 acre | 4 | 2 | 53 | 1 | 2 | 77 |
| $768,750 | 1,438 | 4,500 - 6,500 sqft | 3 | 2 | 46 | 0 | 0 | 14 |