You are on page 1of 3

MARKET ACTION REPORT March 2011

Nicole Truszkowski
City: Big Sur Coast 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 $2,495,000
Average List Price of all Current Listings $3,192,600
March Median Sales Price $3,800,000 $2,115,000
March Average Sales Price $3,800,000 $2,115,000
Total Properties Currently for Sale (Inventory) 41
March Number of Properties Sold 1 2
March Average Days on Market (Solds) 692 393
Asking Price per Square Foot (based on New Listings) $2,418 $2,193
March Sold Price per Square Foot $2,045 $1,359
March Month's Supply of Inventory 41.0 41.5
March Sale Price vs List Price Ratio 76.8% 77.6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / 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
March Property sales were 1, up from 0 in March of 2

2
2010 and the same as the 1 sales last month. March
2011 sales were at their highest level compared to 2
March of 2010 and 2009. March YTD sales of 2 are
running equal to last year's year-to-date sales of 2. 1
1

1
1

1
1
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
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 D J F M
08 09 10 11

Median Sales Price and Average Sales Price


(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices
The Median Sales Price in March was $3,800,000, up 5,300
from $0 in March of 2010 and up 783.7% from
4,300
$430,000 last month. The Average Sales Price in
March was $3,800,000, up from $0 in March of 3,300
2010 and up 783.7% from $430,000 last month.
2,300
March 2011 ASP was at the highest level compared to
March of 2010 and 2009. 1,300

300
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 D J F M
08 09 10 11

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


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

46

March was 41, down 2.4% from 42 last month and up


45

45

45
44

40 40
42

42
42
41

7.9% from 38 in March of last year. March 2011 Inventory


40
38
38

35 35
37
36

was at its highest level compared with March of 2010 and


35
34

30 30
2009.
29
29

25 25
25

20 20
18

15 15
17
17

A comparatively lower MSI is more beneficial for sellers


16
16

10 10
12

while a higher MSI is better for buyers. The March 2011


10
10
10
8

5 5
7
7

MSI of 41.0 months was at its highest level compared with


6
5
3
4

March of 2010 and 2009. 0 0


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 D J F M
08 09 10 11

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 March 2011
Nicole Truszkowski
City: Big Sur Coast 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 700
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
692
The average Days On Market (DOM) shows how many
days the average Property is on the market before it 600
sells. An upward trend in DOM tends to indicate a move 500
towards more of a Buyer's market, a downward trend a
400
move towards more of a Seller's market. The DOM for
March was 692, up 628.4% from 95 days last month and 300
up from 0 days in March of last year. The March 2011 200
DOM was at a mid level compared with March of 2010 74
100
and 2009.
0
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 D J F M
08 09 10 11

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 2,500
2045
the direction of Property values. Since Median Sales
2,000
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the
1,500
selling price per square foot is a more normalized
indicator on the direction of Property values. The 1,000
March 2011 Selling Price per Square Foot of $2,045 was
up 204.4% from $672 last month and up from 0 in 337
500
March of last year. 0
0
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 D J F M
08 09 10 11

Selling Price versus Listing Price Ratio


Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price
95%
The Selling Price vs Original Listing Price reveals the
average amount that Sellers are agreeing to come down 88.5%
90%
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio
85%
at or above 100% indicates more of a Seller's market.
The March 2011 Selling Price vs Original List Price of 80% 76.8%
76.8% was down from 86.2% last month and up from
0.0% in March of last year. 75%

70%
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 D J F M
08 09 10 11

Inventory / New Listings / Sales


Inventory / New Listings / Sales 50 Inventory New Listings Sales
45
47

This last view of the market combines monthly


46
45

45

45
44

40
42

42
42

inventory of Properties for sale along with New Listings


41
40
38
38

35
37

and Sales. The graph shows the basic annual


36

35
34

seasonality of the market as well as the relationship 30


29
29

25
between these items. The number of New Listings in
25

20
March 2011 was 4, up 33.3% from 3 last month and
18

15
17
17
16
16

equal to 4 in March of last year.


10
12
10
10
10
8

5
7
7
6
5
3
4

0
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 D J F M
08 09 10 11
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 March 2011
Nicole Truszkowski
City: Big Sur Coast 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 March 2011 was 4, up 33.3%
from 3 last month and equal to 4 in March of last year.

50 Inventory New Listings Sales

47
45

46
45

45

45

44
42

42
42
40

41
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

6
6
1 5

4
1 4

3
03
0

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

1
0
0
1
0
0
0
1
0

0
2
0

0
2
2

1
2
1

0
2
0

1
0
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 D J F M
08 09 10 11

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.