MARKET ACTION REPORT

August 2013
Nicole Truszkowski
Broker Associate (831) 238-7449 www.estatesofcarmel.com Trending versus*: Trending versus*:
LY

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

Market Profile & Trends Overview

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

Month
$1,795,000 $2,590,377 $876,194 $1,269,842 147 20 74 $919 $730 7.4 95.1%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$1,135,000 $1,421,134 176 98 $857 $772 7.0 94.7%

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
August Property sales were 20, down 9.1% from 22 in August of 2012 and 9.1% lower than the 22 sales last month. August 2013 sales were at a mid level compared to August of 2012 and 2011. August YTD sales of 176 are running 7.3% ahead of last year's year-to-date sales of 164.

35 30 25 20 15 10 0
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 A 10 11 12 13
6 28 9 14 16 20 23 18 14 24 18 13 23 20 16 15 14 19 23 23 33 19 11 22 28 22 18 22 9 14 29 27 32 23 22 20 (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 August was $876,194, down 16.2% from $1,045,000 in August of 2012 and down 31.3% from $1,275,000 last month. The Average Sales Price in August was $1,269,842, up 1.6% from $1,249,455 in August of 2012 and up 0.2% from $1,267,208 last month. August 2013 ASP was at a mid range compared to August of 2012 and 2011.

2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600

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 A 10 11 12 13

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

Inventory & MSI

The Total Inventory of Properties available for sale as of August was 147, equal to 147 last month and down 10.9% from 165 in August of last year. August 2013 Inventory was at its lowest level compared with August of 2012 and 2011. 250 200 150 100 A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2013 MSI of 7.4 months was at its lowest level compared with August of 2012 and 2011. 50 0

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

40 35
210 203 179 163 159 165 173 188 194 209 213 214 197 201 191 169 169 160 153 161 163 168 167 165 158 155 137 129 131 115 117 129 130 139 147 147

30 25 20 15 10 5 0

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 A 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

August 2013
Nicole Truszkowski
Broker Associate (831) 238-7449 www.estatesofcarmel.com Days On Market for Sold Properties

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

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 August was 74, down 41.7% from 127 days last month and down 69.9% from 246 days in August of last year. The August 2013 DOM was at its lowest level compared with August of 2012 and 2011.

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

246

3 Mo Avg

145

74

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 August 2013 Selling Price per Square Foot of $730 was up 4.8% from $697 last month and up 0.4% from 727 in August of last year.

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

3 Mo Avg

727 686

730

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 August 2013 Selling Price vs Original List Price of 95.1% was up from 94.3% last month and up from 88.8% in August of last year.
95.1% 93.6%

88.8%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

250

Inventory

New Listings

Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings 200 and Sales. The graph shows the basic annual 150 seasonality of the market as well as the relationship between these items. The number of New Listings in 100 August 2013 was 31, down 22.5% from 40 last month and down 8.8% from 34 in August of last year. 50 0

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 A 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.

210 203 179 163 159 165 173 188 194 209 213 214 197 201 191 169 169 160 153 161 163 168 167 165 158 155 137 129 131 115 117 129 130 139 147 147

Inventory / Listings / Sales

August 2013
Nicole Truszkowski Broker Associate (831) 238-7449 www.estatesofcarmel.com

City: Carmel
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 August 2013 was 31, down 22.5% from 40 last month and down 8.8% from 34 in August of last year. 250

Inventory

New Listings

Sales

203

209

194

197

201

200

210

213

214

179

173

188

191 169

169

168

165

167

163

159

158

153

155

150

160

161

163

165

137

131

129

100

0
S 10 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 J A

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.

28 28 15 9 15 14 36 16 36 20 37 23 35 18 35 14 44 24 27 18 41 13 24 23 29 20 21 16 17 15 41 14 34 19 28 23 35 23 37 33 34 19 33 11 34 22 29 28 30 22 15 18 12 22 31 9 22 14 43 29 50 27 37 32 34 23 40 22 31 20

50
26

115

117

129

130

139

147

147