February 2015

MARKET ACTION REPORT

Nicole Truszkowski

Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel, Carmel By The

Sea
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Trending Versus*:

Market Profile & Trends Overview

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

Month

LM

L3M PYM

Trending Versus*:

LY

$1,795,000
$2,973,198
$1,227,500
$1,533,071
167
28
103
$810
$778
6.0
93.7%

YTD

PriorYTD

PriorYear

$1,137,500
$1,357,490
50
98
$854
$698
6.6
94.4%

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

Property Sales
February Property sales were 28, down -17.6% from 34 in February of 2014 and 27.3% higher than the 22 sales last month. February 2015 sales were at a mid
level compared to February of 2014 and 2013. February YTD sales of 50 are running -10.7% behind last year's year-to-date sales of 56.

Prices
The Median Sales Price in February was $1,227,500, down -10.2% from $1,367,500 in February of 2014 and up 10.7% from $1,109,000 last month. The
Average Sales Price in February was $1,533,071, up 7.4% from $1,427,138 in February of 2014 and up 35.2% from $1,134,023 last month. February 2015
ASP was at highest level compared to February of 2014 and 2013.

Sotheby's International Realty is 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 3/1/2012 through 2/28/2015. 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.

February 2015

MARKET ACTION REPORT

Nicole Truszkowski

Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel, Carmel By The

Sea
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Inventory & MSI

The Total Inventory of Properties available for sale as of February was 167, up 5.0% from 159 last month and down -13.0% from 192 in February of last year.
February 2015 Inventory was at the lowest level compared to February of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2015 MSI of 6.0 months was at a mid range
compared with February of 2014 and 2013.

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 February was 103, up 12.0% from 92
days last month and down -4.6% from 108 days in February of last year. The February 2015 DOM was at its lowest level compared with February of 2014 and
2013.

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 February 2015 Selling Price per Square Foot of $778 was up 30.5% from $596 last month and up 10.8% from $702 in February of last year.

Sotheby's International Realty is 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 3/1/2012 through 2/28/2015. 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.

February 2015

MARKET ACTION REPORT

Nicole Truszkowski

City: Carmel, Carmel By The

Sea

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

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 February 2015 Selling Price vs List Price of 93.7% was
down from 96.2% last month and down from 94.5% in February 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 February 2015 was 58, up 41.5% from 41 last month
and up 28.9% from 45 in February of last year.

Sotheby's International Realty is 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 3/1/2012 through 2/28/2015. 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.

February 2015

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel, Carmel By The Sea

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

M 12
25

Homes Sold
3 Mo. Roll Avg

A
32

M
47
35

J
25
35

J
25
32

A
43
31

S
37
35

O
33
38

N
29
33

(000's) M

MedianSalePrice
3 Mo. Roll Avg

12
A M
J
J
A
S
O
N
735 800 900 1,025 700 796 801 980 880
812 908 875 840 766 859 887

D J 13
29 19
30 26

F
22
23

M
47
29

D J 13
F M
750 924 1,025
985 1,000 900

1,325
1,062

A
45
38

M
52
48

J
30
42

J
35
39

1,138 961 915 1,115

1,029 1,041 1,005 997

A
34
33

S
29
33

O
24
29

A
S
O
737 1,000 781
922 951 839

N
23
25

D J 14
43 22
30 29

F
34
33

M
34
30

A
34
34

M
47
38

J
33
38

J
40
40

A
40
38

S
25
35

O
39
35

N
22
29

D J 15
22 22
28 22

F
28
24

D J 14

D J 15

1,550 1,180 985 1,368 1,040 1,200 1,050 1,388 1,033 978 1,130 1,237 1,490 1,034 1,109 1,228
1,110 1,170 1,238 1,178 1,131 1,203 1,097 1,213 1,157 1,133 1,047 1,115 1,286 1,254 1,211 1,123

Inventory
MSI

M 12
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
O
N
D J 15
F
239 243 256 267 259 258 240 234 211 195 197 180 174 175 192 199 215 222 223 199 182 178 193 192 193 187 195 200 178 190 182 184 173 162 159 167
10
8
5 11 10
6
6
7
7
7 10
8
4
4
4
7
6
7
8
8
8
4
9
6
6
6
4
6
4
5
7
5
8
7
7
6

Days On Market
3 Mo. Roll Avg

M 12
A M
J
J
A
S
O
N
D J 13
F M
A
147 144 142 83 186 211 105 139 74 137 118 112 100 114
144 123 137 160 167 152 106 117 110 122 110 109

Price per Sq Ft
3 Mo. Roll Avg

M 12
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
O
N
D J 15
F
587 494 562 661 516 539 553 572 564 655 672 596 634 715 593 713 598 603 687 630 859 644 794 702 664 739 689 692 700 628 785 797 876 705 596 778
548 572 580 572 536 555 563 597 630 641 634 648 647 674 635 638 629 640 725 711 766 713 720 702 697 707 694 673 704 737 819 793 726 693
M 12

Sale to List Price

3 Mo. Roll Avg

New Listings
Inventory
Sales

Avg Sale Price

3 Mo. Roll Avg

D J 13

M
76
97

J
J
99 108
96 94

A
S
O
N
D J 14
F M
A
61 119 106 124 109 134 108 92 109
89 96 95 116 113 122 117 111 103

D J 14

M
J
82 103
94 98

J
56
80

A
91
83

S
92
80

O
N
D J 15
F
80 122 141 92 103
88 98 114 118 112

D J 15

0.942 0.948 0.943 0.951 0.936 0.921 0.957 0.958 0.948 0.911 0.973 0.938 0.953 0.947 0.959 0.989 0.952 0.963 0.948 0.965 0.939 0.947 0.964 0.945 0.943 0.945 0.953 0.958 0.956 0.956 0.949 0.958 0.935 0.958 0.962 0.937
0.944 0.947 0.943 0.936 0.938 0.945 0.954 0.939 0.944 0.941 0.955 0.946 0.953 0.965 0.967 0.968 0.954 0.959 0.951 0.950 0.950 0.952 0.951 0.944 0.947 0.952 0.956 0.957 0.954 0.954 0.947 0.950 0.952 0.952

M 12
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
O
N
D J 15
F
45 50 63 59 47 48 37 47 22 19 47 41 60 61 63 52 59 55 28 34 42 33 63 45 50 55 58 45 31 41 41 38 30 35 41 58
239 243 256 267 259 258 240 234 211 195 197 180 174 175 192 199 215 222 223 199 182 178 193 192 193 187 195 200 178 190 182 184 173 162 159 167
25 32 47 25 25 43 37 33 29 29 19 22 47 45 52 30 35 34 29 24 23 43 22 34 34 34 47 33 40 40 25 39 22 22 22 28
(000's) M 12
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
O
N
D J 15
F
1,210 1,028 1,102 1,102 1,098 1,053 1,001 1,102 1,145 1,525 1,546 1,148 1,213 1,580 1,165 1,103 1,203 1,033 1,342 1,030 1,851 1,606 1,652 1,427 1,247 1,596 1,376 1,535 1,341 1,128 1,529 1,530 1,851 1,634 1,134 1,533
1,114 1,078 1,101 1,084 1,050 1,052 1,083 1,258 1,405 1,406 1,302 1,313 1,319 1,282 1,157 1,113 1,193 1,135 1,408 1,495 1,703 1,561 1,442 1,423 1,406 1,502 1,417 1,335 1,333 1,396 1,637 1,672 1,540 1,434

Sotheby's International Realty is 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 3/1/2012 through 2/28/2015. 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.