MARKET ACTION REPORT

August 2013
Nicole Truszkowski
Broker Associate (831) 238-7449 www.estatesofcarmel.com Trending versus*: Trending versus*:
LY

City: Carmel Valley

Price Range: All | Properties: SFH - Condo - TwnHm

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings August Median Sales Price August Average Sales Price Total Properties Currently for Sale (Inventory) August Number of Properties Sold August Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) August Sold Price per Square Foot August Month's Supply of Inventory August Sale Price vs List Price Ratio

Month
$1,345,000 $2,196,429 $697,500 $793,417 109 18 64 $496 $398 6.1 97.3%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$690,000 $820,809 155 89 $501 $382 5.2 95.4%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
August Property sales were 18, down 43.8% from 32 in August of 2012 and 28.0% lower than the 25 sales last month. August 2013 sales were at a mid level compared to August of 2012 and 2011. August YTD sales of 155 are running 12.3% ahead of last year's year-to-date sales of 138.

35 30 25 20 15 10 0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A 10 11 12 13
15 20 15 20 12 11 19 16 17 11 17 13 21 19 12 16 12 18 5 19 23 11 18 32 16 14 16 15 15 13 21 24 27 12 25 18 (000's)

Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

Prices
The Median Sales Price in August was $697,500, up 6.1% from $657,500 in August of 2012 and down 6.4% from $745,000 last month. The Average Sales Price in August was $793,417, down 1.6% from $806,016 in August of 2012 and down 27.2% from $1,089,600 last month. August 2013 ASP was at a mid range compared to August of 2012 and 2011.

1,300 1,100 900 700 500 300

S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A 10 11 12 13

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI

The Total Inventory of Properties available for sale as of August was 109, up 6.9% from 102 last month and down 9.9% from 121 in August of last year. August 2013 Inventory was at its lowest level compared with August of 2012 and 2011. 180 160 140 120 100 80 60 40 20 0
170 161 149

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

25
150 150 143 126 121 116 107 107 107 99 106 118 125 121 121 112 107 99 87 85 87 83 78 101 99 102 109

20 15 10 5 0

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2013 MSI of 6.1 months was at a mid level compared with August of 2012 and 2011.

S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

126 130 127 118 126 129

MARKET ACTION REPORT

August 2013
Nicole Truszkowski
Broker Associate (831) 238-7449 www.estatesofcarmel.com Days On Market for Sold Properties

City: Carmel Valley

Price Range: All | Properties: SFH - Condo - TwnHm

Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for August was 64, equal to 64 days last month and down 44.3% from 115 days in August of last year. The August 2013 DOM was at a mid level compared with August of 2012 and 2011.

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

115 64 42

Selling Price per Square Foot

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The August 2013 Selling Price per Square Foot of $398 was down 6.7% from $426 last month and up 9.5% from 363 in August of last year.

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

398 363 306

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The August 2013 Selling Price vs Original List Price of 97.3% was up from 96.6% last month and up from 97.0% in August of last year.

97.0% 95.4%

97.3%

Inventory / New Listings / Sales

180 Inventory / New Listings / Sales 160 This last view of the market combines monthly inventory of Properties for sale along with New Listings 140 120 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 100 between these items. The number of New Listings in 80 August 2013 was 34, up 47.8% from 23 last month and 60 up 78.9% from 19 in August of last year. 40 20 0
Inventory
170 161 149

New Listings

Sales

S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

150 150 143 126 121 116 107 107 107 99 106 118 125 121 121 112 107 99 87 85 87 83 78 101 99 102 109

126 130 127 118 126 129

Inventory / Listings / Sales

August 2013
Nicole Truszkowski Broker Associate (831) 238-7449 www.estatesofcarmel.com

City: Carmel Valley

Price Range: All | Properties: SFH - Condo - TwnHm

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in August 2013 was 34, up 47.8% from 23 last month and up 78.9% from 19 in August of last year. 180
161

Inventory
170

New Listings

Sales

160 140 120 100 80 60

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149

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127

126

129

143 126

121

125

121

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107

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101

87

85

87

83

39

21 19 19 23 12 15 16 26 12 22 18 17 5 32 19 36 23 32 11 28 18 19 32 16 16 22 14 11 16 8 15 25 15 30 13 27 21 25 24

34

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40
33 26 26 25 23 15 17 20 23 15 11 20 24 25

78

102
23 25

99

99

99

20 0

19

27 28

17

12

11

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11

17

13 13

S 10

D J 11 F

D J 12 F

D J 13 F

12

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

18

34

109