Contracts Low Point in 93907 Zip Code Real Estate Market

The 93907 zip code market seems to be nearing a bottom, as the number of contracts executed fell to 14, the lowest levels since last January. Meanwhile, sales came in at 14 homes sold over the last 30 days. During the same time frame, 95023 had the most of any other neighboring zip codes with 40 contracts executed. The median sales price rose to $541,000 over the latest reporting period for the 93907 zip code, up from $540,000. Despite the falling contracts numbers, there are only two months of inventory remaining, indicating that the 93907 zip code is a still definite seller's market.

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Demographic facts about the 93907 zip code:

  • The population density is 392.9 people per square mile in this area.
  • The area's cost of living index score is 127.9. (100 = national average)
  • People in this area have an average commute to work of 26 minutes.

Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Monterey Coast Realty
6 reviews
Aldina Real Estate Company
Snapped 13 homes in this area
Realty World Virtuoso
Snapped 4 homes in this area

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