The Heinrich Team
Pacific Grove, CA 93950
Single-Family Homes
Ben & Carole Heinrich Coldwell Banker Carmel
Pacific Grove, CA 93950
Mon Jan 24 2022
This week the median list price for Pacific Grove, CA 93950 is $1,725,000 with the market action index hovering around 70. This is an increase over last month's market action index of 67. Inventory has increased to 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $1,725,000 | |
| Median Price of New Listings | $1,690,000 | |
| Per Square Foot | $1,000 | |
| Average Days on Market | 66 | |
| Median Days on Market | 0 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 7 | |
| Median Rent | $4,826 | |
| Market Action | 70 | |
| Strong Seller's Market | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,928,000 | 3,528 | 0 - 4,500 sqft | 7 | 3 | 93 | 0 | 0 | 217 |
| $1,832,500 | 2,318 | 6,500 - 8,000 sqft | 3 | 3 | 45 | 2 | 1 | 0 |
| $1,660,000 | 1,382 | 0 - 4,500 sqft | 2 | 1.5 | 75 | 1 | 0 | 14 |
| $1,150,000 | 1,111 | 0 - 4,500 sqft | 2 | 2 | 94 | 1 | 1 | 108 |