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MARKET ACTION REPORT June 2010

Nicole Truszkowski
City: Pacific Grove 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 $749,000 -2% -14%
Average List Price of all Current Listings $931,637 1% -5%
June Median Sales Price $623,000 19% -0% -34% 2% $625,000 5% 2%
June Average Sales Price $830,500 23% 12% -10% 15% $723,579 -4% -0%
Total Properties Currently for Sale (Inventory) 99 18% 19%
June Number of Properties Sold 17 13% 113% 73 78%
June Average Days on Market (Solds) 101 -19% 10% -28% -3% 88 -15% -15%
Asking Price per Square Foot (based on New Listings) $556 6% 3% 3% 1% $526 -8% -5%
June Sold Price per Square Foot $487 12% 5% -29% -7% $470 -12% -10%
June Month's Supply of Inventory 5.8 4% 9% -44% -43% 7.5 -47% -26%
June Sale Price vs List Price Ratio 93.7% 1.8% 1.3% 2.9% -1.5% 93.3% -.8% -1.9%
* 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


20
Property Sales 18

18
June Property sales were 17, up 112.5% from 8 in 16

17

17
16
June of 2009 and 13.3% higher than the 15 sales last 14

15
14

14
month. June 2010 sales were at their highest level 12

12
10

11

11
compared to June of 2009 and 2008. June YTD
10

10

10
8
9
9

9
sales of 73 are running 78.0% ahead of last year's
8

8
6
7

7
7
year-to-date sales of 41.
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6
6
6

6
4
5

5
2

3
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
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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 1,200
The Median Sales Price in June was $623,000, 1,100
down 33.7% from $940,000 in June of 2009 and up
1,000
18.7% from $525,000 last month. The Average
Sales Price in June was $830,500, down 9.9% from 900
$921,563 in June of 2009 and up 23.2% from 800
$674,200 last month. June 2010 ASP was at the 700
lowest level compared to June of 2009 and 2008. 600
500
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
140 30
The Total Inventory of Properties available for sale as of
June was 99, up 17.9% from 84 last month and up 19.3% 120 25
121
117
115

from 83 in June of last year. June 2010 Inventory was at


114
111

111

110

110
109

100
104

20
101

a mid level compared with June of 2009 and 2008.


100

99
94

93

93
91
90

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90

80
86

84
83

83

82

81
80

80
79

79

15
77
76
71

60
65
64
59

10
A comparatively lower MSI is more beneficial for sellers 40
while a higher MSI is better for buyers. The June 2010 20 5
MSI of 5.8 months was at its lowest 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: Pacific Grove 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 250
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
days the average Property is on the market before it 200
sells. An upward trend in DOM tends to indicate a move
140
towards more of a Buyer's market, a downward trend a 150 116
move towards more of a Seller's market. The DOM for 101
June was 101, down 18.5% from 124 days last month 100
and down 27.9% from 140 days in June of last year. The
June 2010 DOM was at its lowest level compared with 50
June of 2009 and 2008.
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
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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 850
The Selling Price per Square Foot is a great indicator for 784
800
the direction of Property values. Since Median Sales
750
Price and Average Sales price can be impacted by the 683
700
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized 650
indicator on the direction of Property values. The June 600
2010 Selling Price per Square Foot of $487 was up 550 487
12.2% from $434 last month and down 28.7% from 683 500
in June of last year. 450
400
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

104%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 102%
average amount that Sellers are agreeing to come down
100%
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio 98%
at or above 100% indicates more of a Seller's market.
96%
The June 2010 Selling Price vs Original List Price of 93.7%
93.7% was up from 92.0% last month and up from 91.1% 94% 92.6%
in June of last year. 91.1%
92%

90%
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 140 Inventory New Listings Sales
This last view of the market combines monthly 120
121
117
115

inventory of Properties for sale along with New Listings


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111

111

110

110
109

100
104
101

and Sales. The graph shows the basic annual


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99
94

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90

seasonality of the market as well as the relationship 80


86

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between these items. The number of New Listings in


71

60
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59

June 2010 was 32, up 23.1% from 26 last month and up


113.3% from 15 in June of last year. 40
20
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: Pacific Grove 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 32, up 23.1%
from 26 last month and up 113.3% from 15 in June of last year.

140 Inventory New Listings Sales

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32
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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.