November 2014

MARKET ACTION REPORT

Nicole Truszkowski

Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Trending Versus*:

Market Profile & Trends Overview

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

Month

LM

L3M PYM

Trending Versus*:

LY

$1,449,500
$2,913,667
$1,050,000
$1,458,300
140
15
139
$624
$603
9.3
91.5%

YTD

PriorYTD

PriorYear

$1,072,500
$1,355,388
312
91
$700
$650
6.1
94.4%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales
November Property sales were 15, down -28.6% from 21 in November of 2013 and -51.6% lower than the 31 sales last month. November 2014 sales were at
their lowest level compared to November of 2013 and 2012. November YTD sales of 312 are running -5.7% behind last year's year-to-date sales of 331.

Prices
The Median Sales Price in November was $1,050,000, down -32.3% from $1,550,000 in November of 2013 and down -8.7% from $1,150,000 last month. The
Average Sales Price in November was $1,458,300, down -23.2% from $1,898,429 in November of 2013 and down -4.3% from $1,523,851 last month.
November 2014 ASP was at a mid range compared to November of 2013 and 2012.

Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 12/1/2011 through 11/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is
only informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the
MLS's may not reflect all real estate activity in the market.

November 2014

MARKET ACTION REPORT

Nicole Truszkowski

Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Inventory & MSI

The Total Inventory of Properties available for sale as of November was 140, down -10.3% from 156 last month and down -13.6% from 162 in November of
last year. November 2014 Inventory was at the lowest level compared to November of 2013 and 2012.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2014 MSI of 9.3 months was at its highest
level compared with November of 2013 and 2012.

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 November was 139, up 63.5% from 85
days last month and up 6.9% from 130 days in November of last year. The November 2014 DOM was at its highest level compared with November of 2013
and 2012.

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 November 2014 Selling Price per Square Foot of $603 was down -20.1% from $755 last month and down -26.6% from $822 in November of last year.

Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 12/1/2011 through 11/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is
only informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the
MLS's may not reflect all real estate activity in the market.

November 2014

MARKET ACTION REPORT

Nicole Truszkowski

Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their 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 November 2014 Selling Price vs List Price of 91.5% was
down from 95.8% last month and down from 94.6% in November of last year.

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 November 2014 was 24, down -22.6% from 31 last
month and down -40.0% from 40 in November of last year.

Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 12/1/2011 through 11/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is
only informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the
MLS's may not reflect all real estate activity in the market.

November 2014

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

D 11 J 12
21 18

Homes Sold
3 Mo. Roll Avg
(000's)

F
28
22

M
21
22

A
31
27

M
44
32

J
23
33

J
21
29

A
36
27

S
36
31

O
30
34

N
26
31

D J 13
24 17
27 22

F
21
21

M
42
27

A
43
35

M
47
44

J
24
38

J
33
35

A
34
30

S
26
31

O
23
28

D J 14
40 20
28 27

F
31
30

M
30
27

A
30
30

M
42
34

J
28
33

J
30
33

A
32
30

S
23
28

O
31
29

N
15
23

D J 14

MedianSalePrice
3 Mo. Roll Avg

D 11 J 12
F M
A M
J
J
A
S
O
N
825 758 709 735 799 885 1,025 700 690 801 1,017 830
764 734 748 806 903 870 805 730 836 882

Inventory
MSI

D 11 J 12
F M
A M
J
J
A
S
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
219 227 225 216 215 226 239 228 226 211 206 188 170 172 163 157 157 176 184 199 197 194 175 162 157 173 170 171 169 172 178 158 163 156 156 140
10 13
8 10
7
5 10 11
6
6
7
7
7 10
8
4
4
4
8
6
6
7
8
8
4
9
5
6
6
4
6
5
5
7
5
9

Days On Market
3 Mo. Roll Avg

D 11 J 12
F M
A M
J
J
A
S
O
N
D J 13
F M
165 127 127 145 143 140 90 149 228 108 147 78 155 122 104 82
140 133 138 143 124 126 156 162 161 111 127 118 127 103

Price per Sq Ft
3 Mo. Roll Avg

D 11 J 12
F M
A M
J
J
A
S
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
511 425 492 582 479 535 646 520 465 552 558 531 635 669 588 607 678 572 668 581 603 654 632 822 635 741 693 623 698 635 630 561 524 718 755 603
476 500 518 532 553 567 544 512 525 547 575 612 631 621 624 619 639 607 617 613 630 703 696 733 690 686 671 652 654 609 572 601 666 692
D 11 J 12

Sale to List Price

3 Mo. Roll Avg

1,363
1,070

D J 13

A
98
95

M
J
J
70 116 111
83 95 99

1,550 1,156 820 1,385 1,000 1,200 1,007 1,406 873 873 1,100 1,150 1,050
1,098 1,164 1,175 1,120 1,068 1,195 1,069 1,204 1,095 1,050 948 1,041 1,100

A
S
O
N
D J 14
F
61 122 107 130 109 88 109
96 98 97 120 115 109 102

D J 14

M
82
93

A
93
95

M
J
80 112
85 95

J
61
84

A
88
87

S
90
80

O
N
85 139
88 105

0.931 0.941 0.973 0.950 0.949 0.941 0.947 0.932 0.917 0.957 0.951 0.949 0.910 0.966 0.938 0.954 0.948 0.961 0.992 0.952 0.963 0.949 0.967 0.946 0.947 0.964 0.945 0.944 0.942 0.951 0.957 0.961 0.959 0.947 0.958 0.915
0.948 0.955 0.957 0.947 0.946 0.940 0.932 0.935 0.942 0.952 0.937 0.942 0.938 0.953 0.947 0.954 0.967 0.968 0.969 0.955 0.960 0.954 0.953 0.952 0.952 0.951 0.944 0.946 0.950 0.956 0.959 0.956 0.955 0.940

D 11 J 12
F M
A M
J
J
A
S
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
22 55 47 41 45 56 55 39 44 31 44 20 15 42 40 53 55 58 49 57 45 22 33 40 29 60 39 41 50 47 36 25 33 34 31 24
219 227 225 216 215 226 239 228 226 211 206 188 170 172 163 157 157 176 184 199 197 194 175 162 157 173 170 171 169 172 178 158 163 156 156 140
21 18 28 21 31 44 23 21 36 36 30 26 24 17 21 42 43 47 24 33 34 26 23 21 40 20 31 30 30 42 28 30 32 23 31 15

New Listings
Inventory
Sales
(000's)

Avg Sale Price

3 Mo. Roll Avg

D J 13
F M
A M
J
J
A
S
O
750 900 1,000 1,000 965 874 1,115 737 960 785
981 1,004 883 967 988 946 985 909 937 827

N
21
23

D 11 J 12
1,009 761

D J 13

D J 14

1,102 1,249 997 1,052 1,125 1,167 939 993 1,124 1,118 1,562 1,608 1,157 1,196 1,540 1,156 1,063 1,207 1,033 1,305 1,050 1,898 1,616 1,581 1,452 1,214 1,598 1,331 1,499 1,162 916 1,338 1,524 1,458
957 1,037 1,116 1,099 1,058 1,115 1,077 1,033 1,019 1,078 1,268 1,429 1,442 1,321 1,298 1,298 1,253 1,142 1,101 1,182 1,129 1,418 1,522 1,699 1,550 1,416 1,421 1,381 1,476 1,330 1,192 1,139 1,259 1,440

Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 12/1/2011 through 11/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.
Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.