Keller Williams Coastal Estates' Market Report
Del Rey Oaks, CA
Single-Family Homes
www.kwcoastalestates.com | frontdesk505@kw.com | 831.622.6200
Del Rey Oaks, CA
Wed Jun 07 2023
This week the median list price for Del Rey Oaks, CA is $925,000 with the market action index hovering around 12. This is less than last month's market action index of 33. Inventory has increased to 3.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Buyer's Market
The market has been cooling in recent weeks. Since this is a Buyer’s market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $925,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $648 | |
| Average Days on Market | 51 | |
| Median Days on Market | 21 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 3 | |
| Median Rent | ||
| Market Action | 12 | |
| Strong Buyer's Market | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $1,232,000 | 1,449 | 0.25 - 0.5 acre | 5 | 3 | 69 | 0 | 0 | 126 |
| $925,000 | 1,595 | - | 3 | 2 | 69 | 0 | 0 | 7 |
| $779,000 | 1,201 | 4,500 - 6,500 sqft | 3 | 2 | 71 | 0 | 0 | 21 |