Heinrich Team's Market Report

Monterey, CA 93940

Single-Family Homes

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



Monterey, CA 93940

Thu Apr 26 2018
This week the median list price for Monterey, CA 93940 is $1,253,500 with the market action index hovering around 30. This is less than last month's market action index of 34. Inventory has held steady at or around 64. Click here to stay informed with the Monterey 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 Seller'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.

Monterey, CA 93940

Thu Apr 26 2018
This week the median list price for Monterey, CA 93940 is $1,253,500 with the market action index hovering around 30. This is less than last month's market action index of 34. Inventory has held steady at or around 64. Click here to stay informed with the Monterey 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 Seller'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 Monterey market.
Median List Price $1,253,500
Per Square Foot $526
Days on Market 126
Price Decreased 31%
Price Increased 2%
Relisted 31%
Inventory 64
Median House Rent $3,000
Most Expensive $5,750,000
Least Expensive $549,900
Market Action Index
Slight Seller's Advantage
30

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$3,517,500 5,630 1 - 2.5 acres 4 5 13 1 1 248
$1,564,000 3,499 0.25 - 0.5 acre 3 3 28 2 1 98
$990,000 1,968 8,000 - 10,000 sqft 3 2 54 4 3 55
$744,700 1,270 4,500 - 6,500 sqft 2 2 84 3 2 103