Mon Sep 21 2020
This week the median list price for Monterey, CA is $1,562,900 with the market action index hovering around 56. This is an increase over last month's market action index of 52. Inventory has held steady at or around 28.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,562,900|
|Per Square Foot||$648|
|Days on Market||53|
|Strong Seller's Market|
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,998,000||4,502||1 - 2.5 acres||5||6||17||1||2||77|
|$1,850,000||3,494||0.5 - 1 acre||4||4||48||1||0||27|
|$1,049,000||2,200||6,500 - 8,000 sqft||4||3||59||1||3||97|
|$799,000||1,081||4,500 - 6,500 sqft||3||2||70||3||3||12|