MARKET ACTION REPORT

July 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel Valley

Price Range: All | Properties: SFH - Condo - TwnHm

Trending versus*:

Trending versus*:
LY

Market Profile & Trends Overview

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

Month
$1,290,000 $2,199,488 $745,000 $1,089,600 98 25 64 $449 $426 3.9 96.6%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$690,000 $824,408 137 92 $507 $380 5.1 95.4%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
July Property sales were 25, up 38.9% from 18 in July of 2012 and 108.3% higher than the 12 sales last month. July 2013 sales were at their highest level compared to July of 2012 and 2011. July YTD sales of 137 are running 29.2% ahead of last year's year-to-date sales of 106.

35 30 25 20 15 10 0
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 M J J 10 11 12 13
10 15 20 15 20 12 11 19 16 17 11 17 13 21 19 12 16 12 18 5 19 23 11 18 32 16 14 16 15 15 13 21 24 27 12 25 (000's)

Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

Prices
The Median Sales Price in July was $745,000, up 20.6% from $617,500 in July of 2012 and up 19.7% from $622,500 last month. The Average Sales Price in July was $1,089,600, up 23.6% from $881,861 in July of 2012 and up 37.6% from $791,750 last month. July 2013 ASP was at the highest level compared to July of 2012 and 2011.

1,300 1,100 900 700 500 300

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 M J J 10 11 12 13

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

Inventory & MSI

The Total Inventory of Properties available for sale as of July was 98, down 1.0% from 99 last month and down 19.0% from 121 in July of last year. July 2013 Inventory was at its lowest level compared with July of 2012 and 2011. 200 180 160 140 120 100 80 60 40 20 0
185 170 161 149

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

25 20
126 130 127 118 126 129 150 150 143 126 121 116 107 107 107 99 106 118 125 121 121 112 107 99 87 85 87 83 78 101 99 98

15 10 5 0

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2013 MSI of 3.9 months was at its lowest level compared with July of 2012 and 2011.

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 M J J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys 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 consumers real estate transaction.

MARKET ACTION REPORT

July 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel Valley

Price Range: All | Properties: SFH - Condo - TwnHm

Days On Market for Sold Properties

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 July was 64, down 35.4% from 99 days last month and down 48.8% from 125 days in July of last year. The July 2013 DOM was at its lowest level compared with July of 2012 and 2011.

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

250 200 150 100 50 0

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 M J J 10 11 12 13 72 125 64

Selling Price per Square Foot

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 July 2013 Selling Price per Square Foot of $426 was up 7.4% from $397 last month and up 13.1% from 377 in July of last year.

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

500 450 400 350 300 250

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 M J J 10 11 12 13 288 377 426

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 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 July 2013 Selling Price vs Original List Price of 96.6% was down from 99.5% last month and up from 93.6% in July of last year.

104% 102% 100% 98% 96% 94% 92% 90% 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 M J J 10 11 12 13 94.4% 93.6% 96.6%

Inventory / New Listings / Sales

200 Inventory / New Listings / Sales 180 This last view of the market combines monthly inventory of Properties for sale along with New Listings 160 140 and Sales. The graph shows the basic annual 120 seasonality of the market as well as the relationship 100 between these items. The number of New Listings in 80 July 2013 was 23, down 17.9% from 28 last month and 60 down 17.9% from 28 in July of last year. 40 20 0
Inventory
185 170 161 149

New Listings

Sales

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 M J J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys 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 consumers real estate transaction.

126 130 127 118 126 129 150 150 143 126 121 116 107 107 107 99 106 118 125 121 121 112 107 99 87 85 87 83 78 101 99 98

Inventory / Listings / Sales

July 2013
Nicole Truszkowski Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel Valley

Price Range: All | Properties: SFH - Condo - TwnHm

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 July 2013 was 23, down 17.9% from 28 last month and down 17.9% from 28 in July of last year. 200
185

Inventory

New Listings

Sales

180 160 140 120 100 80 60

170

161

150

149

150

130

126

127

126

129

143 126

121

125

121

118

116

118

121

107

107

107

112

106

107

101

99

99

99 J

87

85

87

83

10 23 15 17 20 23 15 11 20

12

0
A 10 S O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee 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 consumers real estate transaction.

11

24

20

26 19 33 16 25 17 39 11 26 17 25 13 13 21 19 19 23 12 15 16 26 12 22 18 17 5 32 19 36 23 32 11 28 18 19 32 16 16 22 14 11 16 8 15 25 15 30 13 27 21 25 24 44 27 28 12 23 25

40
32 34

78

98