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MARKET ACTION REPORT June 2010

Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: Below to 100,000,000 | Properties: Single Family
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 $1,492,000 3% -5%
Average List Price of all Current Listings $2,153,524 2% 2%
June Median Sales Price $1,627,500 42% 39% 16% 36% $1,150,000 -11% -4%
June Average Sales Price $1,837,083 37% 35% 33% 20% $1,399,860 -16% -8%
Total Properties Currently for Sale (Inventory) 204 4% 2%
June Number of Properties Sold 12 -20% 50% 73 40%
June Average Days on Market (Solds) 101 -40% -24% -28% -26% 137 6% 1%
Asking Price per Square Foot (based on New Listings) $835 -2% -2% -15% -11% $853 -14% -9%
June Sold Price per Square Foot $919 46% 22% 10% 14% $753 -13% -7%
June Month's Supply of Inventory 17.0 29% 13% -32% -1% 14.1 -38% -18%
June Sale Price vs List Price Ratio 91.3% -2.1% 1.6% -2.7% 2.8% 90.9% 2.2% 2.4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / 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


25
Property Sales
June Property sales were 12, up 50.0% from 8 in

22
20
20

June of 2009 and 20.0% lower than the 15 sales last 20

19

19
17

month. June 2010 sales were at a mid level 15

16

16
15

15

15

15
14
14

14

14
compared to June of 2009 and 2008. June YTD
13

13
12
12

12
10
11

11

11
sales of 73 are running 40.4% ahead of last year's
10

10

10
9

9
year-to-date sales of 52.
8

8
7
7

7
5

6
0
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 M J
07 08 09 10

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 3,300
The Median Sales Price in June was $1,627,500, up
16.5% from $1,397,500 in June of 2009 and up 2,800
41.5% from $1,150,000 last month. The Average
Sales Price in June was $1,837,083, up 33.4% from 2,300
$1,377,000 in June of 2009 and up 37.2% from 1,800
$1,339,117 last month. June 2010 ASP was at a mid
range compared to June of 2009 and 2008. 1,300

800
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 M J
07 08 09 10

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
250 35
The Total Inventory of Properties available for sale as of
June was 204, up 3.6% from 197 last month and up 2.0% 30
200
212
210

207
204

204

from 200 in June of last year. June 2010 Inventory was


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200
199

197
194

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193

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191

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at its highest level compared with June of 2009 and


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177

176

172
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167

167
166
165

165
164

150
163
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159

2008. 20
153
150
149

138
130

100 15
A comparatively lower MSI is more beneficial for sellers 10
while a higher MSI is better for buyers. The June 2010 50
5
MSI of 17.0 months was at a mid level compared with
June of 2009 and 2008. 0 0
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 M J
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: Below to 100,000,000 | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of Re
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 June 2010
Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: Below to 100,000,000 | Properties: Single Family
www.estatesofcarmel.com

Days On Market for Sold Properties


Market Time 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 190
days the average Property is on the market before it 170
sells. An upward trend in DOM tends to indicate a move 137 141
150
towards more of a Buyer's market, a downward trend a
move towards more of a Seller's market. The DOM for 130
101
June was 101, down 39.9% from 168 days last month 110
and down 28.4% from 141 days in June of last year. The 90
June 2010 DOM was at its lowest level compared with
70
June of 2009 and 2008.
50
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 M J
07 08 09 10

Selling Price per Square Foot


Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot 1,400
The Selling Price per Square Foot is a great indicator for
1,300
the direction of Property values. Since Median Sales
Price and Average Sales price can be impacted by the 1,200 1092
'mix' of high or low end Properties in the market, the 1,100
selling price per square foot is a more normalized 1,000 919
indicator on the direction of Property values. The June 834
900
2010 Selling Price per Square Foot of $919 was up
45.7% from $631 last month and up 10.2% from 834 in 800
June of last year. 700
600
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 M J
07 08 09 10

Selling Price versus Listing Price Ratio


Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price 98%
The Selling Price vs Original Listing Price reveals the 96% 93.8%
average amount that Sellers are agreeing to come down 94% 92.2%
from their original list price. The lower the ratio is 91.3%
92%
below 100% the more of a Buyer's market exists, a ratio
90%
at or above 100% indicates more of a Seller's market.
88%
The June 2010 Selling Price vs Original List Price of
91.3% was down from 93.3% last month and down from 86%
93.8% in June of last year. 84%
82%
80%
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 M J
07 08 09 10

Inventory / New Listings / Sales


Inventory / New Listings / Sales 250 Inventory New Listings Sales
This last view of the market combines monthly
200
212
210

207

inventory of Properties for sale along with New Listings


204

204
201
200
199

197
194

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191

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and Sales. The graph shows the basic annual


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seasonality of the market as well as the relationship


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150
149

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between these items. The number of New Listings in


100
June 2010 was 40, down 25.9% from 54 last month and
up 42.9% from 28 in June of last year.
50

0
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 M J
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: Below to 100,000,000 | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San
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 June 2010
Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
www.estatesofcarmel.com
Price Range: Below to 100,000,000 | Properties: Single Family

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 June 2010 was 40, down
25.9% from 54 last month and up 42.9% from 28 in June of last year.

250 Inventory New Listings Sales


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0
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 M J
07 08 09 10

Copyright © Sotheby’s International Realty | Price Range: Below to 100,000,000 | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of
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.