Fri Apr 23 2021
This week the median list price for Monterey, CA is $2,147,500 with the market action index hovering around 57. This is an increase over last month's market action index of 53. Inventory has held steady at or around 24.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,147,500|
|Per Square Foot||$670|
|Days on Market||21|
|Strong Seller's Market|
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,487,500||6,356||1 - 2.5 acres||5||6||16||0||0||115|
|$2,625,000||4,752||0.5 - 1 acre||4||5||27||0||0||14|
|$1,414,950||2,456||0.25 - 0.5 acre||3||3||32||3||1||10|
|$949,975||1,454||6,500 - 8,000 sqft||3||2||62||4||1||14|