January 2015

MARKET ACTION REPORT

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

City: Carmel, Carmel By The

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

Month

LM

L3M PYM

Trending Versus*:

LY

$1,695,000
$2,625,683
$1,093,000
$1,134,452
155
21
95
$915
$602
7.4
96.2%

YTD

PriorYTD

PriorYear

$1,093,000
$1,134,452
21
95
$915
$602
7.4
95.3%

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

Property Sales
January Property sales were 21, down -4.5% from 22 in January of 2014 and -4.5% lower than the 22 sales last month. January 2015 sales were at a mid level
compared to January of 2014 and 2013. January YTD sales of 21 are running -4.5% behind last year's year-to-date sales of 22.

Prices
The Median Sales Price in January was $1,093,000, up 11.0% from $985,000 in January of 2014 and up 5.8% from $1,033,500 last month. The Average Sales
Price in January was $1,134,452, down -31.3% from $1,651,807 in January of 2014 and down -30.6% from $1,634,260 last month. January 2015 ASP was at
the lowest level compared to January of 2014 and 2013.

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 2/1/2012 through 1/31/2015. 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.

January 2015

MARKET ACTION REPORT

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

City: Carmel, Carmel By The

Sea
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 January was 155, down -4.3% from 162 last month and down -20.1% from 194 in January of last year.
January 2015 Inventory was at the lowest level compared to January of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The January 2015 MSI of 7.4 months was at its lowest level
compared with January of 2014 and 2013.

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 January was 95, down -32.6% from 141
days last month and down -29.1% from 134 days in January of last year. The January 2015 DOM was at its lowest level compared with January of 2014 and
2013.

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 January 2015 Selling Price per Square Foot of $602 was down -14.6% from $705 last month and down -24.2% from $794 in January 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 2/1/2012 through 1/31/2015. 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.

January 2015

MARKET ACTION REPORT

Nicole Truszkowski

City: Carmel, Carmel By The

Sea

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

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 January 2015 Selling Price vs List Price of 96.2% was up
from 95.8% last month and down from 96.4% in January 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 January 2015 was 41, up 17.1% from 35 last month
and down -34.9% from 63 in January 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 2/1/2012 through 1/31/2015. 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.

January 2015

MARKET ACTION REPORT

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

City: Carmel, Carmel By The Sea

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

F 12
30

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

M
25

A
32
29

M
47
35

J
25
35

J
25
32

A
43
31

S
37
35

O
33
38

N
29
33

D J 13
29 19
30 26

F
22
23

M
47
29

M
52
48

J
30
42

J
35
39

A
34
33

S
29
33

O
24
29

D J 14
43 22
30 29

F
34
33

M
34
30

A
34
34

M
47
38

J
33
38

J
40
40

A
40
38

S
25
35

O
39
35

N
22
29

D J 15
22 21
28 22

D J 14

D J 15

F 12 M
A M
J
J
A
S
O
N
709 735 800 900 1,025 700 796 801 980 880
748 812 908 875 840 766 859 887

Inventory
MSI

F 12 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
D J 15
244 239 243 256 267 259 258 240 234 211 195 197 180 174 175 192 199 215 222 223 199 183 179 194 193 194 188 196 201 179 191 183 185 174 162 155
8 10
8
5 11 10
6
6
7
7
7 10
8
4
4
4
7
6
7
8
8
8
4
9
6
6
6
4
6
4
5
7
5
8
7
7

Days On Market
3 Mo. Roll Avg

F 12 M
A M
J
J
A
S
O
N
D J 13
F M
A
122 147 144 142 83 186 211 105 139 74 137 118 112 100 114
138 144 123 137 160 167 152 106 117 110 122 110 109

Price per Sq Ft
3 Mo. Roll Avg

F 12 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
D J 15
494 587 494 562 661 516 539 553 572 564 655 672 596 634 715 593 713 598 603 687 630 859 644 794 702 664 739 689 692 700 628 785 797 876 705 602
525 548 572 580 572 536 555 563 597 630 641 634 648 647 674 635 638 629 640 725 711 766 713 720 702 697 707 694 673 704 737 819 793 728
M

1,325
1,062

D J 13

1,138 961 915 1,115

1,029 1,041 1,005 997

M
76
97

J
J
99 108
96 94

A
S
O
737 1,000 781
922 951 839

N
23
25

MedianSalePrice
3 Mo. Roll Avg

F 12

D J 13
F M
750 924 1,025
985 1,000 900

A
45
38

1,550 1,180 985 1,368 1,040 1,200 1,050 1,388 1,033 978 1,130 1,237 1,490 1,034 1,093
1,110 1,170 1,238 1,178 1,131 1,203 1,097 1,213 1,157 1,133 1,047 1,115 1,286 1,254 1,206

A
S
O
N
D J 14
F M
A
61 119 106 124 109 134 108 92 109
89 96 95 116 113 122 117 111 103

D J 14

M
J
82 103
94 98

J
56
80

A
91
83

S
92
80

O
N
D J 15
80 122 141 95
88 98 114 119

D J 15

Sale to List Price

3 Mo. Roll Avg

0.969 0.942 0.948 0.943 0.951 0.936 0.921 0.957 0.958 0.948 0.911 0.973 0.938 0.953 0.947 0.959 0.989 0.952 0.963 0.948 0.965 0.939 0.947 0.964 0.945 0.943 0.945 0.953 0.958 0.956 0.956 0.949 0.958 0.935 0.958 0.962
0.953 0.944 0.947 0.943 0.936 0.938 0.945 0.954 0.939 0.944 0.941 0.955 0.946 0.953 0.965 0.967 0.968 0.954 0.959 0.951 0.950 0.950 0.952 0.951 0.944 0.947 0.952 0.956 0.957 0.954 0.954 0.947 0.950 0.952

New Listings
Inventory
Sales

F 12 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
D J 15
51 45 50 63 59 47 48 37 47 22 19 47 41 60 61 63 52 59 55 28 34 43 33 63 45 50 55 58 45 31 41 41 38 30 35 41
244 239 243 256 267 259 258 240 234 211 195 197 180 174 175 192 199 215 222 223 199 183 179 194 193 194 188 196 201 179 191 183 185 174 162 155
30 25 32 47 25 25 43 37 33 29 29 19 22 47 45 52 30 35 34 29 24 23 43 22 34 34 34 47 33 40 40 25 39 22 22 21
(000's)

Avg Sale Price

3 Mo. Roll Avg

F 12

D J 13

D J 14

D J 15

1,094 1,210 1,028 1,102 1,102 1,098 1,053 1,001 1,102 1,145 1,525 1,546 1,148 1,213 1,580 1,165 1,103 1,203 1,033 1,342 1,030 1,851 1,606 1,652 1,427 1,247 1,596 1,376 1,535 1,341 1,128 1,529 1,530 1,851 1,634 1,134
1,111 1,114 1,078 1,101 1,084 1,050 1,052 1,083 1,258 1,405 1,406 1,302 1,313 1,319 1,282 1,157 1,113 1,193 1,135 1,408 1,495 1,703 1,561 1,442 1,423 1,406 1,502 1,417 1,335 1,333 1,396 1,637 1,672 1,540

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 2/1/2012 through 1/31/2015. 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.