Thu Feb 27 2020
This week the median list price for San Martin, CA 95046 is $1,209,950 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has held steady at or around 10.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,209,950|
|Per Square Foot||$561|
|Days on Market||109|
|Slight Seller's Advantage|
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,274,950||5,837||2.5 - 5 acres||6||5||24||0||1||147|
|$1,423,500||3,074||1 - 2.5 acres||5||4||45||1||0||87|
|$1,140,000||2,601||1 - 2.5 acres||4||3||47||0||0||151|
|$924,888||1,275||2.5 - 5 acres||3||2||100||0||0||53|