Sat Feb 04 2023
This week the median list price for Manalapan, FL is $33,200,000 with the market action index hovering around 22. This is about the same as last month's market action index of 22. Inventory has increased to 12.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$33,200,000|
|Median Price of New Listings||$16,500,000|
|Per Square Foot||$3,874|
|Average Days on Market||215|
|Median Days on Market||189|
|Slight Buyer's Advantage|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$79,500,000||17,309||1 - 2.5 acres||9||11.5||6||0||0||56|
|$45,000,000||12,828||1 - 2.5 acres||7||8.5||19||0||0||301|
|$24,500,000||12,000||1 - 2.5 acres||6||7.5||23||0||0||315|
|$14,750,000||4,434||0.5 - 1 acre||4||5||56||1||0||77|