Single-Family Homes
Fri Apr 23 2021
This week the median list price for Pebble Beach, CA 93953 is $7,550,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 25.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Median List Price | $7,550,000 | |
Per Square Foot | $1,474 | |
Days on Market | 140 | |
Price Decreased | 20% | |
Price Increased | 4% | |
Relisted | 4% | |
Inventory | 25 | |
Median Rent | $6,405 | |
Most Expensive | $25,000,000 | |
Least Expensive | $1,800,000 | |
Market Action | 35 | |
Slight Seller's Advantage |
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$14,447,500 | 7,734 | 1 - 2.5 acres | 6 | 7 | 46 | 0 | 0 | 157 |
$9,972,500 | 5,842 | 1 - 2.5 acres | 5 | 6 | 13 | 0 | 0 | 112 |
$6,299,500 | 4,586 | 1 - 2.5 acres | 4 | 4 | 36 | 0 | 3 | 168 |
$2,900,000 | 3,140 | 0.25 - 0.5 acre | 4 | 3 | 48 | 1 | 1 | 14 |