Real Estate Report presented by Information Designs

January 2021 Report

Single Family Homes in Monterey County, All Cities, All Neighborhoods Change >


Median Price
$860,000
+9.1%
Average Price
$1,255,520
-7.8%
No. Sold
164
-33.9%
Pending Properties
311
+3.3%
Active
254
-2.3%
Sale/List Price Ratio
100.5%
+0.7%
Days on Market
29
-21.3%
Days of Inventory
46
+47.7%

Market Barometer

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Market Commentary

Monterey County Market Starts Year on Up Note

The average sales price for single-family, re-sale homes rose 47.1% year-over-year.

The median sales price for homes in Monterey County was up 32.6%, year-over-year.

The sales price to list price ratio, or what buyers are paying compared to what sellers are asking, rose to 100.5% from 99.8%.

Compared to December, home sales were up 33.9% in January. Home sales were up 24.2% year-over-year. There were 164 homes sold in Monterey County last month. The average since 2000 is 241.

Inventory for single-family, re-sale homes was down for the eighteenth month in a row, dropping 43.6% year-over-year.

As of February 5th, there were 254 homes for sale. The average is 1,333.

Days of inventory rose from 31 to 46. The average is 185.

Days of Inventory reflects an estimate of the amount of time it would take to sell all the current listings if no new listings became available. It is calculated by taking the number of homes for sale and dividing by the number of homes sold in a given time frame. We use last month’s sold number.

Days on Market dropped to 29 from 37 days last month. The average for the past fourteen years is 68 days. Days on Market counts the time from when a home comes on the market to when it goes into contract.

The median sales prices for condos jumped 37.1%, year-over-year, while the average sales price gained 36%. 

Condo sales were up 42.1% compared to last year.

The sales price to list price ratio for condos rose to 100.3% from 99.0%.

It took 54 days from when a condo comes on the market to when it goes under contract. The average for the past fourteen years is 66 days.

Days of inventory rose to 33 from 17. The average is 195.

There are 30 condos for sale. The average is 122.

For assistance in this market, do not hesitate to contact me. If you are thinking of selling, I can provide a free comparative market analysis. Also, if you go to my on-line report and click on Recent Sales & Listings, you will see what has sold, what is for sale and what is pending in your neighborhood.

Prices & Sales

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Days of Inventory

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Sales to Date

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Sales Price Ratio

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