MARKET ACTION REPORT October 2010

Nicole Truszkowski
City: Carmel Highlands CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family - Condo - TwnHm www.EstatesofCarmel.com
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $3,400,000
Average List Price of all Current Listings $3,917,212
October Median Sales Price $660,000 $1,271,313
October Average Sales Price $660,000 $1,677,263
Total Properties Currently for Sale (Inventory) 33
October Number of Properties Sold 1 10
October Average Days on Market (Solds) 695 206
Asking Price per Square Foot (based on New Listings) $1,090 $1,003
October Sold Price per Square Foot $463 $696
October Month's Supply of Inventory 33.0 27.8
October Sale Price vs List Price Ratio 73.6% 87.6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

3
Property Sales
October Property sales were 1, down 50.0% from 2 in 2

2
2

2
2
October of 2009 and the same as the 1 sales last
month. October 2010 sales were at a mid level 2
compared to October of 2009 and 2008. October
YTD sales of 10 are running 11.1% ahead of last year's 1

1
1
year-to-date sales of 9.
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0

0
0
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 S O
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 3,900
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in October was $660,000, 3,400

down 80.9% from $3,462,500 in October of 2009
2,900
and down 76.4% from $2,800,000 last month. The
Average Sales Price in October was $660,000, down 2,400
80.9% from $3,462,500 in October of 2009 and 1,900
down 76.4% from $2,800,000 last month. October 1,400
2010 ASP was at the lowest level compared to
900
October of 2009 and 2008.
400
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 S O
07 08 09 10

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

Inventory & MSI 45
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
40
The Total Inventory of Properties available for sale as of
October was 33, down 10.8% from 37 last month and up 40 35
41
40
40

3.1% from 32 in October of last year. October 2010 35 30

37

37

Inventory was at its highest level compared with October 30

33

33

33
32
32

32

25
31

31
29

of 2009 and 2008. 25

27

20
24

20
15
20

15
A comparatively lower MSI is more beneficial for sellers
15

10 10
12

while a higher MSI is better for buyers. The October 2010

11
10

5 5
8

MSI of 33.0 months was at its highest level compared

6
6
6
1
2
2
2
2
2
2
2
2
4
5

with October of 2009 and 2008. 0 0

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 S O
07 08 09 10

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s 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 consumer’s real estate transaction.
MARKET ACTION REPORT October 2010
Nicole Truszkowski
City: Carmel Highlands CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family - Condo - TwnHm
www.EstatesofCarmel.com

Days On Market for Sold Properties

Market Time Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
695
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 284
DOM for October was 695, up 79.6% from 387 days last
month and up 144.7% from 284 days in October of last
year. The October 2010 DOM was at a mid level
compared with October of 2009 and 2008.

Selling Price per Square Foot

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

The Selling Price per Square Foot is a great indicator for 1068
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
463
indicator on the direction of Property values. The
October 2010 Selling Price per Square Foot of $463 was
down 63.2% from $1,256 last month and down 56.7%
from 1,068 in October of last year. 0

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 95.0%

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 October 2010 Selling Price vs Original List Price of
73.6% was down from 93.5% last month and down from
95.0% in October of last year. 73.6%

Inventory / New Listings / Sales

Inventory / New Listings / Sales 45 Inventory New Listings Sales

This last view of the market combines monthly 40

41
40
40

inventory of Properties for sale along with New Listings 35

37

37

and Sales. The graph shows the basic annual 30

33

33

33
32
32

32
31

31
29

seasonality of the market as well as the relationship 25

27

between these items. The number of New Listings in

24

20
20

October 2010 was 3, equal to 3 last month and down 15

25.0% from 4 in October of last year.
15

10
12
11
10

5
8
1
2
2
2
2
2
2
2
2
4
5
6
6
6

0
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 S O
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s 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 consumer’s real estate transaction.
Inventory / Listings / Sales October 2010
Nicole Truszkowski
City: Carmel Highlands CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family - Condo - TwnHm
www.EstatesofCarmel.com

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 October 2010 was 3, equal to
3 last month and down 25.0% from 4 in October of last year.

45 Inventory New Listings Sales

40

41

40

40
37

37
35

33

33

33
32

32

32
30

31

31
29
27
25

24
20

20
15
15
12

10
11
10
8

8
5
6
6

6
1 5

5
24

4
3

3
1

2
2

2
2

2
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
1
0
0
0
1
0
2
1

2
2
0
2
2

1
0
N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O
07

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s 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 consumer’s real estate transaction.