Market Action Report Carmel Valley July 2010

MARKET ACTION REPORT July 2010
Nicole Truszkowski
City: Carmel Valley CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: All | 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 $1,195,000
Average List Price of all Current Listings $1,727,711
July Median Sales Price $820,000 $662,500
July Average Sales Price $1,393,454 $1,044,654
Total Properties Currently for Sale (Inventory) 143
July Number of Properties Sold 13 80
July Average Days on Market (Solds) 168 136
Asking Price per Square Foot (based on New Listings) $441 $482
July Sold Price per Square Foot $392 $392
July Month's Supply of Inventory 11.0 12.1
July Sale Price vs List Price Ratio 92.3% 88.5%
* 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

16
Property Sales 14
15
July Property sales were 13, up 62.5% from 8 in July
14
12
13
of 2009 and 13.3% lower than the 15 sales last
12
12
10
11
11
month. July 2010 sales were at their highest level
compared to July of 2009 and 2008. July YTD sales 8
9
8
8
8
8
of 80 are running 86.0% ahead of last year's year-to- 6
7
7
6
6
6
6
date sales of 43. 4
5
5
5
5
4
4
4
4
4
2
3
3
2
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
07 08 09 10
Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 2,900 Median means Middle (the same # of properties sold above and below the Median)
The Median Sales Price in July was $820,000, up

12.3% from $730,000 in July of 2009 and up 26.2% 2,400
from $650,000 last month. The Average Sales Price
1,900
in July was $1,393,454, up 74.1% from $800,250 in
July of 2009 and up 89.2% from $736,400 last 1,400
month. July 2010 ASP was at a mid range
compared to July of 2009 and 2008. 900
400
07 08 09 10
Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI 160
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
70
The Total Inventory of Properties available for sale as of
140
150
July was 143, down 4.7% from 150 last month and up 60
144
143
138
137
136
136
135
134
134
4.4% from 137 in July of last year. July 2010 Inventory

133
120
132
132
128
128
128
128
50
126
125
124
121
120
119
118
was at its highest level compared with July of 2009 and

117
115
113
100
111
111
111
40
104
103
102
2008.
93
93
80
91
30
60
A comparatively lower MSI is more beneficial for sellers 40 20
while a higher MSI is better for buyers. The July 2010 10
20
MSI of 11.0 months was at its lowest level compared with
July of 2009 and 2008. 0 0
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | 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 July 2010
Nicole Truszkowski
831-238-7449
Price Range: All | Properties: Single Family
www.estatesofcarmel.com
Days On Market for Sold Properties

Market Time 450
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
400
days the average Property is on the market before it
sells. An upward trend in DOM tends to indicate a 350
move towards more of a Buyer's market, a downward 300
trend a move towards more of a Seller's market. The 250
DOM for July was 168, up 32.3% from 127 days last 200 168
148
month and up 13.5% from 148 days in July of last year. 118
150
The July 2010 DOM was at a mid level compared with
July of 2009 and 2008. 100
50
07 08 09 10
Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 700
Average Selling Price per Square Foot for properties that sold during the month
The Selling Price per Square Foot is a great indicator for 650
the direction of Property values. Since Median Sales
600
Price and Average Sales price can be impacted by the
550
'mix' of high or low end Properties in the market, the 481
selling price per square foot is a more normalized 500
indicator on the direction of Property values. The July 450 392
2010 Selling Price per Square Foot of $392 was up 400 360
22.5% from $320 last month and up 9.1% from 360 in 350
July of last year. 300
250
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% 94.0%
average amount that Sellers are agreeing to come down 94% 92.3%
from their original list price. The lower the ratio is 92%
below 100% the more of a Buyer's market exists, a ratio 89.3%
90%
at or above 100% indicates more of a Seller's market.
88%
The July 2010 Selling Price vs Original List Price of
92.3% was up from 92.1% last month and down from 86%
94.0% in July of last year. 84%
82%
80%
07 08 09 10
Inventory / New Listings / Sales

Inventory / New Listings / Sales 160 Inventory New Listings Sales
This last view of the market combines monthly 140

150
144
143
138
137
136
136
135
inventory of Properties for sale along with New Listings

134
134
120
133
132
132
128
128
128
128
126
125
124
121
120
119
and Sales. The graph shows the basic annual

118
117
115
100
113
111
111
111
104
103
seasonality of the market as well as the relationship

102
80
93
93
91
between these items. The number of New Listings in

July 2010 was 25, down 26.5% from 34 last month and 60
down 16.7% from 30 in July of last year. 40
20
0
07 08 09 10
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
Inventory / Listings / Sales July 2010
Nicole Truszkowski
831-238-7449
Price Range: All | Properties: Single Family
www.estatesofcarmel.com
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 2010 was 25, down
26.5% from 34 last month and down 16.7% from 30 in July of last year.
160 Inventory New Listings Sales
150
140
144
143
138
137
136
136
135
134
134
133
132
132
128
128
128
128
120
126
125
124
121
120
119
118
117
115
113
111
111
111
100
104
103
102
93
93
91
80
60
40
36
34
33
30
28
28
20
26
26
25
25
22
22
22
21
21
21
20
19
19
18
17
16
16
16
15
15
14
14
13
13
13
12
11
11
10
11
12
10
12
12
11
8
7
5
4
8
9
6
0
A S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J
07
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

Market Action Report Carmel Valley July 2010

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MARKET ACTION REPORT July 2010

Number of Properties Sold 3 Mo Avg

Median Sales Price and Average Sales Price

The Median Sales Price in July was $820,000, up

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

4.4% from 137 in July of last year. July 2010 Inventory

was at its highest level compared with July of 2009 and

Days On Market for Sold Properties

Selling Price per Square Foot

Selling Price versus Listing Price Ratio

Inventory / New Listings / Sales

This last view of the market combines monthly 140

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

Inventory / New Listings / Sales

160 Inventory New Listings Sales

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