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MARKET ACTION REPORT

May 2012
Nicole Truszkowski
Broker Associate 831-238-7449
website: www.estatesofcarmel.com email: nicole@estatesfocarmel.com

City: Big Sur Coast


Price Range: All | Properties: Single Family - Condo - TwnHm

Trending versus*:

Trending versus*:
LY

Market Profile & Trends Overview


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

Month
$2,547,500 $2,827,423 $0 $0 26 0 0 $496 $0 0.0 0.0%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$1,317,500 $1,317,500 2 360 $1,122 $1,687 30.5 70.7%


Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2011) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
May Property sales were 0, down 100.0% from 2 in May of 2011 and 100.0% lower than the 1 sales last month. May 2012 sales were at their lowest level compared to May of 2011 and 2010. May YTD sales of 2 are running 50.0% behind last year's year-todate sales of 4.

3 2 2 1 1 0

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 A M 09 10 11 12

Prices
The Median Sales Price in May was $0, down 100.0% from $285,000 in May of 2011 and down 100.0% from $1,650,000 last month. The Average Sales Price in May was $0, down 100.0% from $285,000 in May of 2011 and down 100.0% from $1,650,000 last month. May 2012 ASP was at a mid range compared to May of 2011 and 2010.

(000's)

5,200 4,200 3,200 2,200 1,200 200


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 A M 09 10 11 12

Inventory & MSI


The Total Inventory of Properties available for sale as of May was 26, down 13.3% from 30 last month and down 27.8% from 36 in May of last year. May 2012 Inventory was at its lowest level compared with May of 2011 and 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2012 MSI of 0.0 months was at a mid level compared with May of 2011 and 2010.

50 45 40 35 30 25 20 15 10 5 0

29 29

45 47 46 43 45 44 46 42 42 41 38 36 35 37 38 39 36 33 34 30 31 33 30 26

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 A M 09 10 11 12

Copyright Sothebys 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. Sothebys 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 consumers real estate transaction.

17 18

25

37 36 34 35 38 38 40

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

Median Sales Price and Average Sales Price


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

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


MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

50 45 40 35 30 25 20 15 10 5 0

MARKET ACTION REPORT

May 2012
Nicole Truszkowski
Broker Associate 831-238-7449
website: www.estatesofcarmel.com email: nicole@estatesfocarmel.com

City: Big Sur Coast


Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

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 May was 0, down 100.0% from 311 days last month and down 100.0% from 128 days in May of last year. The May 2012 DOM was at a mid level compared with May of 2011 and 2010. 1,000 800 600 400 200 0

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

420

128

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 A M 09 10 11 12

Selling Price per Square Foot

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 May 2012 Selling Price per Square Foot of $0 was down 100.0% from $1,185 last month and down 100.0% from 180 in May of last year.

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

3 Mo Avg

2,500 2,000 1,500 1,000


444

500 0

180 0 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 A M 09 10 11 12

Selling Price versus Listing Price Ratio


100%
Avg Selling Price divided by Avg Listing Price for sold properties during the month

100.0%

100.0%

3 Mo Avg

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 May 2012 Selling Price vs Original List Price of 0.0% was down from 83.5% last month and down from 100.0% in May of last year.

95% 90% 85% 80% 75% 70% 65% 60% 55% 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 A M 09 10 11 12

Inventory / New Listings / Sales

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 May 2012 was 1, down 50.0% from 2 last month and down 50.0% from 2 in May of last year.

50 45 40 35 30 25 20 15 10 5 0

Inventory

New Listings

Sales

29 29

45 47 46 43 45 44 46 42 42 41 38 36 35 37 38 39 36 33 34 30 31 33 30 26

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 A M 09 10 11 12

Copyright Sothebys 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. Sothebys 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 consumers real estate transaction.

17 18

25

37 36 34 35 38 38 40

Inventory / Listings / Sales

May 2012
Nicole Truszkowski Broker Associate 831-238-7449
website: www.estatesofcarmel.com email: nicole@estatesfocarmel.com

City: Big Sur Coast


Price Range: All | Properties: Single Family - Condo - TwnHm

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 May 2012 was 1, down 50.0% from 2 last month and down 50.0% from 2 in May of last year. 50
46 45 45 46

Inventory
47 43 44 42 42

New Listings

Sales

45
40

41

40
38 38 36 35

38

36

35

36

35 30
29 25

37

37

38

39

34

34

33

30

31

33 30 M
0 2 1 1 0 3

20 15 10
7 8

17

18

5
0 0 1 1

0 2 2

0 2 0

1 2 1

0 2 0

1 2 0 2 2 2 0 2 1

0 2 0

1 0 1 1 1 2 0

J 09

J 10

J 11

J 12

Copyright Sothebys 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. Sothebys International Realty does not warrant or guarantee 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 consumers real estate transaction.

26 M

25

29