MARKET ACTION REPORT October 2010

Nicole Truszkowski
City: Monterey CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family 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 $595,000
Average List Price of all Current Listings $794,088
October Median Sales Price $380,000 $570,000
October Average Sales Price $487,000 $613,847
Total Properties Currently for Sale (Inventory) 103
October Number of Properties Sold 5 95
October Average Days on Market (Solds) 125 88
Asking Price per Square Foot (based on New Listings) $455 $414
October Sold Price per Square Foot $293 $374
October Month's Supply of Inventory 20.6 12.5
October Sale Price vs List Price Ratio 94.5% 94.8%
* 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

18
Property Sales 16
October Property sales were 5, down 64.3% from 14

16

16

16
14

15
in October of 2009 and 61.5% lower than the 13 sales

14

14
12

13

13
last month. October 2010 sales were at their lowest
12

12

12
10

11
level compared to October of 2009 and 2008.

10
8
9

9
October YTD sales of 95 are running 5.6% ahead of 6
7

7
last year's year-to-date sales of 90.
6

6
4
5

5
4

4
2 3

3
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 1,000
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in October was $380,000, 900

down 25.8% from $512,450 in October of 2009 and
800
down 40.6% from $640,000 last month. The
Average Sales Price in October was $487,000, down 700
16.9% from $585,807 in October of 2009 and down 600
25.7% from $655,694 last month. October 2010 ASP 500
was at the lowest level compared to October of 2009
400
and 2008.
300
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 140
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
35
The Total Inventory of Properties available for sale as of
October was 103, up 7.3% from 96 last month and up 120 30
125
122

47.1% from 70 in October of last year. October 2010

113

100 25
109
108

108
103

103

Inventory was at a mid level compared with October of

102

102
99

97

97

96
95

95

94

93
92
91

80 20
90

90

2009 and 2008.

89
88
86
82
81

81
80

79
73

60 15
70

70

70
62
62

A comparatively lower MSI is more beneficial for sellers 40 10

while a higher MSI is better for buyers. The October 2010 20 5
MSI of 20.6 months was at its highest level compared
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
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: Monterey CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family
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
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 125
move towards more of a Buyer's market, a downward 99 92
trend a move towards more of a Seller's market. The
DOM for October was 125, up 23.8% from 101 days last
month and up 35.9% from 92 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

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 400 395
indicator on the direction of Property values. The
October 2010 Selling Price per Square Foot of $293 was
down 24.2% from $386 last month and down 25.9% 293
from 395 in October of last year.

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 97.3%

The Selling Price vs Original Listing Price reveals the 95.4%
average amount that Sellers are agreeing to come down 94.5%
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
94.5% was down from 96.4% last month and down from
97.3% in October of last year.

Inventory / New Listings / Sales

Inventory / New Listings / Sales 140 Inventory New Listings Sales

This last view of the market combines monthly 120

125
122

inventory of Properties for sale along with New Listings

113

100
109
108

108

and Sales. The graph shows the basic annual

103

103
102

102
99

97

97

96
95

95

94

93
92

80
91

90

90

seasonality of the market as well as the relationship

89
88
86
82
81

81
80

79

between these items. The number of New Listings in

73

60
70

70

70
62
62

October 2010 was 24, up 41.2% from 17 last month and

up 9.1% from 22 in October of last year. 40
20
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
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: Monterey CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family
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 24, up
41.2% from 17 last month and up 9.1% from 22 in October of last year.

140 Inventory New Listings Sales

120
125
122
113

109
108

108
100

103

103
102

102
99

97

97

96
95

95

94

93
92
91

90

90
89
88
86
80
82
81

81
80

79
73
70

70

70
60

62
62
40
38

29
28

28
20

25
24

24

24
23
22

22

22

22
20

20

20

20
19

19

19
18

18

18
17

17

17
16
16

16

16

16

16
15

15
14

14

14
13

13
12

12

12
10
11

10

10
9

9
6
7
7

5
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
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.