You are on page 1of 3

MARKET ACTION REPORT November 2010

Nicole Truszkowski
City: Big Sur Coast 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 $2,500,000
Average List Price of all Current Listings $3,250,702
November Median Sales Price $0 $2,100,000
November Average Sales Price $0 $2,337,350
Total Properties Currently for Sale (Inventory) 41
November Number of Properties Sold 0 5
November Average Days on Market (Solds) 0 166
Asking Price per Square Foot (based on New Listings) $1,527 $1,855
November Sold Price per Square Foot $0 $1,430
November Month's Supply of Inventory 0.0 35.5
November Sale Price vs List Price Ratio 0.0% 79.6%
* 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
November Property sales were 0, down 100.0% from 2

2
1 in November of 2009 and higher than the 0 sales
last month. November 2010 sales were at their 2
lowest level compared to November of 2009 and
2008. November YTD sales of 5 are running 150.0% 1

1
1
ahead of last year's year-to-date sales of 2.
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0

0
0
0

0
0

0
0
0
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 N
07 08 09 10

Median Sales Price and Average Sales Price


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

The Median Sales Price in November was $0, down 5,300


100.0% from $950,000 in November of 2009 and up 4,300
from $0 last month. The Average Sales Price in
November was $0, down 100.0% from $950,000 in 3,300
November of 2009 and up from $0 last month.
2,300
November 2010 ASP was at a mid range compared to
November of 2009 and 2008. 1,300

300
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 N
07 08 09 10

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


Inventory & MSI 50
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
50
The Total Inventory of Properties available for sale as of
45 45
47

November was 41, down 4.7% from 43 last month and up


45

45

40 40
43

10.8% from 37 in November of last year. November 2010


41
40

40

35 35
38
38
37

Inventory was at its highest level compared with


36

35
34

30 30
November of 2009 and 2008.
29
29

25 25
25

20 20
15 15
18

A comparatively lower MSI is more beneficial for sellers


17
17
16
16

while a higher MSI is better for buyers. The November 10 10


12
10
10
10

5 5
8

2010 MSI of 0.0 months was at a mid level compared with


7
7
3
3
3
3
3
4
5
6

November of 2009 and 2008. 0 0


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 N
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 November 2010
Nicole Truszkowski
City: Big Sur Coast 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
move towards more of a Buyer's market, a downward
trend a move towards more of a Seller's market. The
DOM for November was 0, up from 0 days last month
and down 100.0% from 46 days in November of last
year. The November 2010 DOM was at a mid level 46
compared with November 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
indicator on the direction of Property values. The
November 2010 Selling Price per Square Foot of $0 was 615
up from $0 last month and down 100.0% from 615 in
November of last year. 0 0

Selling Price versus Listing Price Ratio


Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
95.5%
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 November 2010 Selling Price vs Original List Price
of 0.0% was up from 0.0% last month and down from
95.5% in November of last year.

Inventory / New Listings / Sales


Inventory / New Listings / Sales 50 Inventory New Listings Sales
45
This last view of the market combines monthly
47
45

45

40
43

inventory of Properties for sale along with New Listings


41
40

40

35
38
38
37

and Sales. The graph shows the basic annual


36

35

30
34

seasonality of the market as well as the relationship


25
29
29

between these items. The number of New Listings in


25

20
November 2010 was 4, equal to 4 last month and down
15
18
17
17

50.0% from 8 in November of last year.


16
16

10
12
10
10
10

5
8
7
7
3
3
3
3
3
4
5
6

0
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 N
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 November 2010
Nicole Truszkowski
City: Big Sur Coast 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 November 2010 was 4, equal
to 4 last month and down 50.0% from 8 in November of last year.

50 Inventory New Listings Sales

47
45

45

45

43
40

41
40

40
38

38
37
35

36

35
34
30

29
29
25

25
20

18
17

17

15
16

16
12

10
10
10

10
8

8
7

7
5
1 6

6
1 5
14

4
3

3
3

3
0
0
0
0
0
0
0
0
0
0

0
1
0
0
0
1
0
2
0
0
0
0
0
3
0

1
0
0
1
0
0
0
1
0

0
2
0

1
3
0
2
2

0
3
0
3
1

1
2
1

0
0
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 N
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.