MARKET ACTION REPORT April 2011

Nicole Truszkowski
City: Carmel Highlands 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 $3,495,000
Average List Price of all Current Listings $4,104,069
April Median Sales Price $1,725,000 $1,725,000
April Average Sales Price $1,725,000 $3,287,500
Total Properties Currently for Sale (Inventory) 29
April Number of Properties Sold 2 4
April Average Days on Market (Solds) 189 123
Asking Price per Square Foot (based on New Listings) $932 $972
April Sold Price per Square Foot $498 $766
April Month's Supply of Inventory 14.5 14.3
April Sale Price vs List Price Ratio 89.5% 86.8%
* 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
April Property sales were 2, up from 0 in April of 2

2
2

2
2

2
2
2010 and the same as the 2 sales last month. April
2011 sales were at their highest level compared to 2
April of 2010 and 2009. April YTD sales of 4 are
running 33.3% ahead of last year's year-to-date sales 1
1

1
1
1
of 3.
1
0
0
0
0
0
0
0
0

0
0

0
0
0
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 A
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 4,900
The Median Sales Price in April was $1,725,000, up 4,400
from $0 in April of 2010 and down 64.4% from 3,900
$4,850,000 last month. The Average Sales Price in 3,400
April was $1,725,000, up from $0 in April of 2010 2,900
and down 64.4% from $4,850,000 last month. April 2,400
2011 ASP was at the lowest level compared to April of 1,900
2010 and 2009. 1,400
900
400
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 A
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
45 40
The Total Inventory of Properties available for sale as of
40 35
41

April was 29, up 3.6% from 28 last month and down 12.1%
40
40
38

35
37

from 33 in April of last year. April 2011 Inventory was at a 30

34
33

33

33

mid level compared with April of 2010 and 2009. 30

32
32

32

32
31

31

25
30
29

29
28

28

25
27

20
24

20
20

15
15
15

A comparatively lower MSI is more beneficial for sellers 10

10
12
11

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

10

5
8

MSI of 14.5 months was at its highest level compared with 5

6
6
6
5
4
2
2
2

April of 2010 and 2009. 0 0

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 A
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 April 2011
Nicole Truszkowski
City: Carmel Highlands 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
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
April was 189, up 225.9% from 58 days last month and 300
189
up from 0 days in April of last year. The April 2011 200 104
DOM was at a mid level compared with April of 2010
100
and 2009.
0
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 A
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 1,200 1084
the direction of Property values. Since Median Sales
1,000
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the 800
selling price per square foot is a more normalized 498
indicator on the direction of Property values. The April 600
2011 Selling Price per Square Foot of $498 was down 400
51.8% from $1,033 last month and up from 0 in April of
last year. 200
0
0
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 A
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 89.5%
90%
from their original list price. The lower the ratio is 85.7%
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 April 2011 Selling Price vs Original List Price of 80%
89.5% was up from 88.9% last month and up from 0.0%
in April of last year. 75%

70%
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 A
08 09 10 11

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
38

35
37

inventory of Properties for sale along with New Listings

34
33

33

33

and Sales. The graph shows the basic annual 30

32
32

32

32
31

31

30
29

29
28

28

seasonality of the market as well as the relationship 25

27
24

between these items. The number of New Listings in 20

20

April 2011 was 4, up 100.0% from 2 last month and up 15

15

33.3% from 3 in April of last year. 10

12
11
10
8

5
6
6
6
5
4
2
2
2

0
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 A
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 April 2011
Nicole Truszkowski
City: Carmel Highlands 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 April 2011 was 4, up 100.0%
from 2 last month and up 33.3% from 3 in April 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

30
29

29
28

28
27
25
24

20
20

15
15
12

10
11
10

8
8

7
5
6

6
6

6
6

5
5

4
0 4

3
2

2
2

2
2

2
2

2
2

2
2
0
0
0
0
0
0

1
0
1
0
0
0
1
0

0
0
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 A
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.