MARKET ACTION REPORT

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

City: Salinas Monterey Highway

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
$1,337,000 $1,570,719 $541,000 $657,329 72 19 89 $350 $272 3.8 100.1%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$545,500 $679,970 152 76 $310 $259 4.0 96.8%

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 19, down 5.0% from 20 in August of 2012 and 26.7% higher than the 15 sales last month. August 2013 sales were at their lowest level compared to August of 2012 and 2011. August YTD sales of 152 are running 9.4% ahead of last year's year-to-date sales of 139.

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Prices
The Median Sales Price in August was $541,000, down 9.2% from $595,750 in August of 2012 and up 5.0% from $515,000 last month. The Average Sales Price in August was $657,329, up 0.5% from $653,850 in August of 2012 and up 6.1% from $619,587 last month. August 2013 ASP was at a mid range compared to August of 2012 and 2011.

(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

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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 72, up 1.4% from 71 last month and down 26.5% from 98 in August of last year. August 2013 Inventory was at its lowest level compared with August of 2012 and 2011. 160 120 100 80 A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2013 MSI of 3.8 months was at its lowest level compared with August of 2012 and 2011. 60 40 20 0 140

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

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149 146 130 125 117 125 128 133 131 128 129 122 127 120 117 105 99 112 100 103 109 117 104 98 91 82 81

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69 74 77 75 73 69 80 71 72

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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.

MARKET ACTION REPORT

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

City: Salinas Monterey Highway

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 89, up 29.0% from 69 days last month and down 23.3% from 116 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

116 84 89

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 $272 was down 5.1% from $286 last month and up 16.0% from 234 in August of last year.

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

3 Mo Avg

281 272

234

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 100.1% was up from 99.5% last month and up from 96.4% in August of last year.
100.1%

96.4% 95.2%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

160

Inventory
149 146 130 125 117 125 128 133 131 128 129 122 127 120 117 105 99 112 100 103 109 117 104 98 91 82 81

New Listings

Sales

140 This last view of the market combines monthly inventory of Properties for sale along with New Listings 120 and Sales. The graph shows the basic annual 100 seasonality of the market as well as the relationship 80 between these items. The number of New Listings in August 2013 was 32, up 60.0% from 20 last month and 60 up 10.3% from 29 in August of last year. 40 20 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

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.

69 74 77 75 73 69 80 71 72

Inventory / Listings / Sales

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

City: Salinas Monterey Highway

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 32, up 60.0% from 20 last month and up 10.3% from 29 in August of last year. 160
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Inventory
149

New Listings

Sales

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

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.

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