MARKET ACTION REPORT September 2010

Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
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 $1,492,000 6% 2%
Average List Price of all Current Listings $2,091,662 4% 1%
September Median Sales Price $774,000 -1% -15% -46% -36% $1,050,000 -18% -13%
September Average Sales Price $734,500 -27% -40% -57% -52% $1,270,605 -20% -17%
Total Properties Currently for Sale (Inventory) 190 -12% 4%
September Number of Properties Sold 6 -68% -57% 117 17%
September Average Days on Market (Solds) 63 -38% -35% -50% -54% 120 -6% -12%
Asking Price per Square Foot (based on New Listings) $840 -16% 1% -17% -10% $832 -13% -11%
September Sold Price per Square Foot $504 -11% -28% -40% -38% $709 -15% -12%
September Month's Supply of Inventory 31.7 179% 71% 144% 86% 15.4 -19% -9%
September Sale Price vs List Price Ratio 95.2% 1.0% 3.6% 5.8% 7.2% 91.6% 3.4% 3.1%
* 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

25
Property Sales
September Property sales were 6, down 57.1% from

22
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20

14 in September of 2009 and 68.4% lower than the

19

19

19
17
19 sales last month. September 2010 sales were at 15

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their lowest level compared to September of 2009
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10
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and 2008. September YTD sales of 117 are running
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10
9

9
17.0% ahead of last year's year-to-date sales of 100.
8

8
7
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0
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 J J A S
07 08 09 10

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 3,200
The Median Sales Price in September was $774,000,
down 45.7% from $1,425,000 in September of 2009 2,700
and down 0.8% from $780,000 last month. The
Average Sales Price in September was $734,500, 2,200
down 57.5% from $1,727,107 in September of 2009 1,700
and down 26.5% from $999,974 last month.
September 2010 ASP was at the lowest level 1,200
compared to September of 2009 and 2008.
700
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 J J A S
07 08 09 10

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
250 35
The Total Inventory of Properties available for sale as of
September was 190, down 12.0% from 216 last month 30
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and up 4.4% from 182 in September of last year.

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September 2010 Inventory was at its highest level

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compared with September of 2009 and 2008. 20

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100 15
A comparatively lower MSI is more beneficial for sellers 10
while a higher MSI is better for buyers. The September 50
5
2010 MSI of 31.7 months was at its highest level
compared with September of 2009 and 2008. 0 0
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 J J A S
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of Re
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 September 2010
Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
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 190
days the average Property is on the market before it 170 157
sells. An upward trend in DOM tends to indicate a move
150
towards more of a Buyer's market, a downward trend a 126
move towards more of a Seller's market. The DOM for 130
September was 63, down 37.6% from 101 days last 110
month and down 50.0% from 126 days in September of 90
last year. The September 2010 DOM was at its lowest 63
70
level compared with September of 2009 and 2008.
50
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 J J A S
07 08 09 10

Selling Price per Square Foot

Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for 1,300
the direction of Property values. Since Median Sales 1,200
Price and Average Sales price can be impacted by the 1,100
'mix' of high or low end Properties in the market, the 950
1,000
selling price per square foot is a more normalized 835
900
indicator on the direction of Property values. The
September 2010 Selling Price per Square Foot of $504 800
was down 10.8% from $565 last month and down 39.6% 700
from 835 in September of last year. 600 504
500
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 J J A S
07 08 09 10

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 98%
95.2%
The Selling Price vs Original Listing Price reveals the 96%
93.3%
average amount that Sellers are agreeing to come down 94%
from their original list price. The lower the ratio is 92% 90.0%
below 100% the more of a Buyer's market exists, a ratio
90%
at or above 100% indicates more of a Seller's market.
88%
The September 2010 Selling Price vs Original List Price
of 95.2% was up from 94.3% last month and up from 86%
90.0% in September of last year. 84%
82%
80%
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 J J A S
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 250 Inventory New Listings Sales
This last view of the market combines monthly
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215

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210
206

inventory of Properties for sale along with New Listings

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and Sales. The graph shows the basic annual

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seasonality of the market as well as the relationship

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between these items. The number of New Listings in

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100
September 2010 was 24, down 4.0% from 25 last month
and up 9.1% from 22 in September of last year.
50

0
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 J J A S
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San
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 September 2010
Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
www.estatesofcarmel.com
Price Range: All | Properties: Single Family

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 September 2010 was 24,
down 4.0% from 25 last month and up 9.1% from 22 in September of last year.

250 Inventory New Listings Sales

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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 J J A S
07 08 09 10

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of
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.