MARKET ACTION REPORT

September 2014
City: Monterey
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 10/1/2011 through 9/30/2014. Due to MLS reporting methods and allowable reporting policy, this data isonly
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by theMLS's
may not reflect all real estate activity in the market.



Trending Versus*: Trending Versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $695,500
Average List Price of all Current Listings $750,199
September Median Sales Price $635,000 $567,500
September Average Sales Price $641,333 $592,639
Total Properties Currently for Sale (Inventory) 84
September Number of Properties Sold 21 161
September Average Days on Market (Solds) 34 55
Asking Price per Square Foot (based on New Listings) $452 $438
September Sold Price per Square Foot $398 $404
September Month's Supply of Inventory 4.0 4.2
September Sale Price vs List Price Ratio 100.2% 98.3%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales

September Property sales were 21, down -16.0% from 25 in September of 2013 and 23.5% higher than the 17 sales last month. September 2014 sales were at a
mid level compared to September of 2013 and 2012. September YTD sales of 161 are running -24.1% behind last year's year-to-date sales of 212.
Prices

The Median Sales Price in September was $635,000, up 1.3% from $627,000 in September of 2013 and up 16.3% from $546,000 last month. The Average
Sales Price in September was $641,333, down -0.5% from $644,540 in September of 2013 and up 8.6% from $590,582 last month. September 2014 ASP was
at a mid range compared to September of 2013 and 2012.
MARKET ACTION REPORT

September 2014
City: Monterey
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 10/1/2011 through 9/30/2014. Due to MLS reporting methods and allowable reporting policy, this data isonly
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by theMLS's
may not reflect all real estate activity in the market.



Inventory & MSI

The Total Inventory of Properties available for sale as of September was 84, up 1.2% from 83 last month and up 18.3% from 71 in September of last year.
September 2014 Inventory was at highest level compared to September of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2014 MSI of 4.0 months was at its highest
level compared with September of 2013 and 2012.
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 September was 34, down -48.5% from 66
days last month and down -26.1% from 46 days in September of last year. The September 2014 DOM was at its lowest level compared with September of
2013 and 2012.
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 September 2014 Selling Price per Square Foot of $398 was up 0.8% from $395 last month and down -4.3% from $416 in September of last year.
MARKET ACTION REPORT

September 2014
City: Monterey
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 10/1/2011 through 9/30/2014. Due to MLS reporting methods and allowable reporting policy, this data isonly
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by theMLS's
may not reflect all real estate activity in the market.



Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their 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 September 2014 Selling Price vs List Price of 100.2%
was up from 97.3% last month and up from 98.5% in September of last year.
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 September 2014 was 32, down -3.0% from 33 last
month and up 14.3% from 28 in September of last year.
MARKET ACTION REPORT

September 2014
City: Monterey
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information fromMLSListings, Inc for the period 10/1/2011 through 9/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.
Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.




O 11 N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S
Homes Sold 13 15 23 17 24 21 25 25 23 21 23 20 18 20 26 23 16 24 27 24 23 22 28 25 20 23 22 15 15 16 21 29 15 12 17 21
3 Mo. Roll Avg 17 18 21 21 23 24 24 23 22 21 20 19 21 23 22 21 22 25 25 23 24 25 24 23 22 20 17 15 17 22 22 19 15 17

(000's)
O 11 N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S
MedianSalePrice 480 425 350 405 435 400 420 353 375 395 425 431 330 530 404 480 390 440 450 583 545 527 595 627 578 536 463 575 555 593 560 623 418 565 546 635
3 Mo. Roll Avg 418 393 397 413 418 391 383 374 398 417 395 430 421 471 425 437 427 491 526 551 556 583 600 580 526 525 531 574 569 592 533 535 510 582

O 11 N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S
Inventory 114 108 89 78 87 79 79 75 81 80 83 74 79 66 51 55 51 64 62 67 73 73 71 71 62 61 49 53 53 66 65 67 82 79 83 84
MSI 9 7 4 5 4 4 3 3 4 4 4 4 4 3 2 2 3 3 2 3 3 3 3 3 3 3 2 4 4 4 3 2 5 7 5 4

O 11 N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S
Days On Market 144 149 71 80 81 76 85 59 74 81 54 96 64 97 89 74 132 63 49 44 45 53 54 46 60 63 79 69 60 78 69 41 36 52 66 34
3 Mo. Roll Avg 121 100 77 79 81 73 73 71 70 77 71 86 83 87 98 90 81 52 46 47 51 51 53 56 67 70 69 69 69 63 49 43 51 51

O 11 N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S
Price per Sq Ft 296 271 286 299 270 336 296 296 283 295 347 345 330 330 314 281 312 340 306 406 359 395 356 416 429 365 371 372 397 416 399 419 389 455 395 398
3 Mo. Roll Avg 284 285 285 302 301 309 292 291 308 329 341 335 325 308 302 311 319 351 357 387 370 389 400 403 388 369 380 395 404 411 402 421 413 416

O 11 N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S
Sale to List Price
0.971 0.960 0.986 0.961 0.982 0.967 0.991 0.985 0.980 0.979 0.972 0.963 0.962 0.959 0.983 0.993 0.997 0.974 0.984 1.001 0.996 0.986 0.993 0.985 0.993 0.975 0.969 0.975 0.982 0.991 1.012 0.975 0.978 0.973 0.973 1.002
3 Mo. Roll Avg
0.972 0.969 0.976 0.970 0.980 0.981 0.985 0.981 0.977 0.971 0.966 0.961 0.968 0.978 0.991 0.988 0.985 0.986 0.994 0.994 0.992 0.988 0.990 0.984 0.979 0.973 0.975 0.983 0.995 0.993 0.988 0.975 0.975 0.983

O 11 N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S
New Listings 27 27 16 25 40 25 26 26 32 31 24 23 23 20 14 26 24 35 28 33 30 34 28 28 20 19 14 22 21 34 35 23 34 29 33 32
Inventory 114 108 89 78 87 79 79 75 81 80 83 74 79 66 51 55 51 64 62 67 73 73 71 71 62 61 49 53 53 66 65 67 82 79 83 84
Sales 13 15 23 17 24 21 25 25 23 21 23 20 18 20 26 23 16 24 27 24 23 22 28 25 20 23 22 15 15 16 21 29 15 12 17 21

(000's)
O 11 N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S
Avg Sale Price 489 445 362 404 380 488 424 471 408 390 534 443 403 586 440 424 445 436 509 565 558 590 593 645 590 511 565 602 601 586 559 627 500 591 591 641
3 Mo. Roll Avg 432 404 382 424 431 461 434 423 444 456 460 477 476 484 437 435 463 503 544 571 581 609 609 582 555 559 589 596 582 590 562 572 560 608