MARKET ACTION REPORT December 2010

Nicole Truszkowski
City: Carmel Highlands 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 $3,075,000
Average List Price of all Current Listings $4,155,531
December Median Sales Price $3,017,500 $1,600,000
December Average Sales Price $3,017,500 $1,877,510
Total Properties Currently for Sale (Inventory) 32
December Number of Properties Sold 2 13
December Average Days on Market (Solds) 196 198
Asking Price per Square Foot (based on New Listings) $1,328 $1,031
December Sold Price per Square Foot $1,249 $763
December Month's Supply of Inventory 16.0 27.3
December Sale Price vs List Price Ratio 77.7% 84.6%
* 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
December Property sales were 2, equal to 2 in 2

2
2

2
2

2
December of 2009 and 100.0% higher than the 1
sales last month. December 2010 sales were at their 2
highest level compared to December of 2009 and
2008. December YTD sales of 13 are running 18.2% 1
1

1
1
1
ahead of last year's year-to-date sales of 11.
1
0
0
0
0
0
0
0
0
0
0
0
0

0
0

0
0
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 D
08 09 10

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 3,900
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in December was $3,017,500, 3,400

up 178.8% from $1,082,500 in December of 2009
2,900
and up 88.6% from $1,600,000 last month. The
Average Sales Price in December was $3,017,500, up 2,400
178.8% from $1,082,500 in December of 2009 and 1,900
up 88.6% from $1,600,000 last month. December 1,400
2010 ASP was at the highest level compared to
900
December of 2009 and 2008.
400
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 D
08 09 10

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

Inventory & MSI 45
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
40
The Total Inventory of Properties available for sale as of
December was 32, down 3.0% from 33 last month and up 40 35
41
40
40

35
38

10.3% from 29 in December of last year. December 2010 30

37

34

Inventory was at its highest level compared with 30

33

33

33
32
32

32

32

25
31

31
29

December of 2009 and 2008. 25

27

20
24

20
15
20

15
A comparatively lower MSI is more beneficial for sellers
15

10 10
12

while a higher MSI is better for buyers. The December

11
10

5 5
8

2010 MSI of 16.0 months was at its highest level

6
6
6
2
2
2
2
2
2
2
4
5

compared with December of 2009 and 2008. 0 0

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 D
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 December 2010
Nicole Truszkowski
City: Carmel Highlands 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 294
DOM for December was 196, up 56.8% from 125 days 196
last month and down 33.3% from 294 days in December
of last year. The December 2010 DOM was at its lowest
level compared with December of 2009 and 2008.

Selling Price per Square Foot

3 Mo 1249
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 384
December 2010 Selling Price per Square Foot of $1,249
was up 171.8% from $460 last month and up 224.8%
from 384 in December of last year. 0

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

The Selling Price vs Original Listing Price reveals the 90.5%
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 December 2010 Selling Price vs Original List Price 77.7%
of 77.7% was down from 94.4% last month and down
from 90.5% in December of last year.

Inventory / New Listings / Sales

Inventory / New Listings / Sales 45 Inventory New Listings Sales

This last view of the market combines monthly 40

41
40
40

35
38

inventory of Properties for sale along with New Listings

37

34

and Sales. The graph shows the basic annual 30

33

33

33
32
32

32

32
31

31
29

seasonality of the market as well as the relationship 25

27

between these items. The number of New Listings in

24

20
20

December 2010 was 4, up 33.3% from 3 last month and 15

up 100.0% from 2 in December of last year.
15

10
12
11
10

5
8
2
2
2
2
2
2
2
4
5
6
6
6

0
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 D
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 December 2010
Nicole Truszkowski
City: Carmel Highlands 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 December 2010 was 4, up
33.3% from 3 last month and up 100.0% from 2 in December of last year.

45 Inventory New Listings Sales

40

41

40

40

38
37
35

34
33

33

33
32
32

32

32
30

31

31
29
27
25

24
20 20

15
15
12

10
11
10
8

8
5
6

6
1 5

5
24

4
3

3
2

2
2

2
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
1
0
0
0
1
0
2
1

2
2
0
2
2

2
0
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 D

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.