Tue May 26 2020
This week the median list price for Carmel Valley, CA is $1,699,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 45.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$1,699,000|
|Per Square Foot||$601|
|Days on Market||201|
|Slight Buyer's Advantage|
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,570,000||4,623||2.5 - 5 acres||4||5||41||0||0||242|
|$1,895,000||2,798||2.5 - 5 acres||4||3||32||1||0||166|
|$1,365,000||2,280||1 - 2.5 acres||3||2||34||1||0||228|
|$892,000||2,068||5 - 10 acres||3||2||30||3||0||167|