Heinrich Team's Market Report

Monterey, CA 93940

Single-Family Homes

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



Monterey, CA 93940

Tue Feb 20 2018
This week the median list price for undefined is $1,292,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has held steady at or around 50. Click here to stay informed with the Monterey market!

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.

Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Monterey, CA 93940

Tue Feb 20 2018
This week the median list price for undefined is $1,292,000 with the market action index hovering around 36. This is less than last month's market action index of 38. Inventory has held steady at or around 50. Click here to stay informed with the Monterey market!

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.

Last Month

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Never miss important changes in the Monterey market.
Median List Price $1,292,000
Per Square Foot $499
Days on Market 165
Price Decreased 20%
Price Increased 2%
Relisted 72%
Inventory 50
Median House Rent $2,475
Most Expensive $5,750,000
Least Expensive $625,000
Market Action Index
Slight Seller's Advantage
36

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,600,000 6,125 1 - 2.5 acres 4 5 11 1 0 328
$1,696,000 3,469 0.5 - 1 acre 4 4 24 1 2 138
$998,500 2,228 0.25 - 0.5 acre 3 3 54 4 3 108
$799,000 1,357 4,500 - 6,500 sqft 3 2 78 3 1 96