MARKET ACTION REPORT April 2011

Nicole Truszkowski
City: Salinas Monterey Highway 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 $779,000
Average List Price of all Current Listings $1,166,419
April Median Sales Price $752,500 $535,000
April Average Sales Price $733,319 $777,662
Total Properties Currently for Sale (Inventory) 121
April Number of Properties Sold 8 43
April Average Days on Market (Solds) 117 134
Asking Price per Square Foot (based on New Listings) $292 $302
April Sold Price per Square Foot $269 $261
April Month's Supply of Inventory 15.1 11.9
April Sale Price vs List Price Ratio 93.6% 91.1%
* 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

30
Property Sales
April Property sales were 8, down 69.2% from 26 in 25

26

25
April of 2010 and 50.0% lower than the 16 sales last

22

22

22
20

21
20
month. April 2011 sales were at their lowest level

19
compared to April of 2010 and 2009. April YTD sales 15

16

16
15

15

of 43 are running 25.9% behind last year's year-to-

13

13
12

12

12

12
10

11
10
10

10

10

10
date sales of 58.

9
8

8
7

7
5
6

4
3

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
1,900
The Median Sales Price in April was $752,500, up
1,700
9.1% from $690,000 in April of 2010 and up 72.4%
1,500
from $436,500 last month. The Average Sales Price
1,300
in April was $733,319, down 8.6% from $801,976 in
April of 2010 and up 6.3% from $690,056 last month. 1,100
April 2011 ASP was at a mid range compared to April 900
of 2010 and 2009. 700
500
300
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
200 70
The Total Inventory of Properties available for sale as of
180
183

April was 121, equal to 121 last month and down 12.3% 60
181

181
180

179

177
172

160
170
168

165

from 138 in April of last year. April 2011 Inventory was at

162
161

155

50
153
152

140
148
147

146
145

143

143

its lowest level compared with April of 2010 and 2009.

142
140
139

138
136

132

120
128

40
123

123
121

121
121
119
116

114

100
80 30
A comparatively lower MSI is more beneficial for sellers 60 20
while a higher MSI is better for buyers. The April 2011 40
10
MSI of 15.1 months was at its highest level compared with 20
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: Salinas Monterey Highway 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 250
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 200
sells. An upward trend in DOM tends to indicate a move 151
towards more of a Buyer's market, a downward trend a 150 118 117
move towards more of a Seller's market. The DOM for
April was 117, up 1.7% from 115 days last month and 100
down 22.5% from 151 days in April of last year. The
April 2011 DOM was at its lowest level compared with 50
April of 2010 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 450
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 400
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the 350
selling price per square foot is a more normalized
indicator on the direction of Property values. The April 288
300 269 269
2011 Selling Price per Square Foot of $269 was up 10.5%
from $244 last month and down 6.4% from 288 in April 250
of last year.
200
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

104%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 102%
average amount that Sellers are agreeing to come down
100%
from their original list price. The lower the ratio is 97.9%
below 100% the more of a Buyer's market exists, a ratio 98%
at or above 100% indicates more of a Seller's market.
96%
The April 2011 Selling Price vs Original List Price of 93.9% 93.6%
93.6% was up from 92.4% last month and down from 94%
97.9% in April of last year.
92%

90%
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 200 Inventory New Listings Sales
This last view of the market combines monthly 180
183
181

181
180

179

177
172

160
170
168

165

inventory of Properties for sale along with New Listings

162
161

155

153
152

140
148
147

146
145

and Sales. The graph shows the basic annual

143

143
142
140
139

138
136

132

120
128

seasonality of the market as well as the relationship

123

123
121

121
121
119
116

114

100
between these items. The number of New Listings in
80
April 2011 was 31, down 11.4% from 35 last month and
60
down 16.2% from 37 in April of last year.
40
20
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: Salinas Monterey Highway 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 31, down
11.4% from 35 last month and down 16.2% from 37 in April of last year.

200 Inventory New Listings Sales

180
183
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181
180

179

177
172
170
168

160
165

162
161

155

153
152
148
147

146
140
145

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143
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140
139

138
136

132

128
120

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123
121

121
121
119
116

114
100

80

60

40
41

37
36

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10
9

9
3

8
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.