Mon May 17 2021
This week the median list price for Morro Bay, CA 93442 is $895,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has decreased to 23.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$895,000|
|Median Price of New Listings||$755,000|
|Per Square Foot||$550|
|Average Days on Market||114|
|Median Days on Market||28|
|Strong Seller's Market|
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,850,000||2,618||6,500 - 8,000 sqft||4||3||19||0||0||28|
|$1,221,950||2,041||4,500 - 6,500 sqft||3||3||35||0||1||24|
|$857,000||1,693||0 - 4,500 sqft||3||3||28||0||0||21|
|$705,000||1,262||0 - 4,500 sqft||1||1||2||2||1||287|