The Heinrich Team

Pacific Grove, CA 93950

Single-Family Homes

Ben & Carole Heinrich Coldwell Banker Carmel


Pacific Grove, CA 93950

Tue May 26 2020
This week the median list price for Pacific Grove, CA 93950 is $1,088,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 43. Click here to stay informed with the Pacific Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Pacific Grove, CA 93950

Tue May 26 2020
This week the median list price for Pacific Grove, CA 93950 is $1,088,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has held steady at or around 43. Click here to stay informed with the Pacific Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Pacific Grove market.
Median List Price $1,088,000
Per Square Foot $801
Days on Market 94
Price Decreased 30%
Price Increased 0%
Relisted 7%
Inventory 43
Median Rent $3,642
Most Expensive $7,550,000
Least Expensive $599,000
Market Action 33
Slight Seller's Advantage

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
$2,357,000 2,561 6,500 - 8,000 sqft 4 3 105 2 1 107
$1,295,000 1,831 0 - 4,500 sqft 4 2 78 0 2 137
$923,000 1,293 4,500 - 6,500 sqft 3 2 68 1 1 63
$759,000 951 0 - 4,500 sqft 2 1 80 1 3 68