MARKET ACTION REPORT September 2010

Nicole Truszkowski
City: Monterey 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 $699,000 7% -15%
Average List Price of all Current Listings $832,295 4% -17%
September Median Sales Price $640,000 1% 12% -21% 23% $580,000 12% 12%
September Average Sales Price $655,694 -4% 5% -11% 15% $622,028 6% 9%
Total Properties Currently for Sale (Inventory) 88 -10% 42%
September Number of Properties Sold 13 44% 44% 89 17%
September Average Days on Market (Solds) 101 1% 10% -22% 0% 86 -24% -15%
Asking Price per Square Foot (based on New Listings) $442 20% 10% 7% 3% $411 -6% -4%
September Sold Price per Square Foot $357 -7% -7% -3% -6% $373 -2% -2%
September Month's Supply of Inventory 6.8 -38% -27% -2% -39% 11.7 -7% 5%
September Sale Price vs List Price Ratio 96.4% 2.3% 3.0% 3.9% 3.1% 94.9% 2.2% 1.5%
* 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

18
Property Sales 16

16

16

16
September Property sales were 13, up 44.4% from 9 14

15

15

14
in September of 2009 and 44.4% higher than the 9 12

13
12

12

12
12
sales last month. September 2010 sales were at their 10

11

10
highest level compared to September of 2009 and 8
9

9
2008. September YTD sales of 89 are running 17.1% 6
7

7
6

6
ahead of last year's year-to-date sales of 76. 4
5

5
4

4
2 3

3
0
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 S
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 1,000
The Median Sales Price in September was
900
$640,000, down 21.0% from $810,000 in
September of 2009 and up 1.2% from $632,500 last 800
month. The Average Sales Price in September was 700
$655,694, down 10.9% from $735,667 in September
of 2009 and down 3.9% from $682,167 last month. 600
September 2010 ASP was at the lowest level 500
compared to September of 2009 and 2008.
400
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 S
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 35
The Total Inventory of Properties available for sale as of
September was 88, down 10.2% from 98 last month and 120 30
125
122

up 41.9% from 62 in September of last year. September

113

109

109
108

100 25
102

102

2010 Inventory was at a mid level compared with

99

99

99

98
97

96
95

95

95
92

92
91

90

89
88

88

September of 2009 and 2008. 80 20

86
82
81

81

81
80

74
71
70

70

60 15
63
62

A comparatively lower MSI is more beneficial for sellers 40 10

while a higher MSI is better for buyers. The September 20 5
2010 MSI of 6.8 months was at its lowest level compared
with September of 2009 and 2008. 0 0
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 S
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 September 2010
Nicole Truszkowski
City: Monterey CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: All | Properties: Single Family
www.estatesofcarmel.com

Days On Market for Sold Properties

Market Time 200
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 180
days the average Property is on the market before it 160
sells. An upward trend in DOM tends to indicate a move 130
140
towards more of a Buyer's market, a downward trend a 120 101
move towards more of a Seller's market. The DOM for 100
September was 101, up 1.0% from 100 days last month 80 50
and down 22.3% from 130 days in September of last 60
year. The September 2010 DOM was at a mid level 40
compared with September of 2009 and 2008. 20
0
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 S
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 600
The Selling Price per Square Foot is a great indicator for
the direction of Property values. Since Median Sales 550
Price and Average Sales price can be impacted by the
500
'mix' of high or low end Properties in the market, the 455
selling price per square foot is a more normalized 450
indicator on the direction of Property values. The
September 2010 Selling Price per Square Foot of $357 400 368
357
was down 6.6% from $382 last month and down 3.1%
350
from 368 in September of last year.
300
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 S
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

99%
Selling Price vs Original Listing Price 96.4%
The Selling Price vs Original Listing Price reveals the 97% 95.4%
average amount that Sellers are agreeing to come down
95%
from their original list price. The lower the ratio is 92.8%
below 100% the more of a Buyer's market exists, a ratio 93%
at or above 100% indicates more of a Seller's market.
91%
The September 2010 Selling Price vs Original List Price
of 96.4% was up from 94.2% last month and up from 89%
92.8% in September of last year.
87%

85%
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 S
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
125
122

inventory of Properties for sale along with New Listings

113

109

109

100
108
102

102

and Sales. The graph shows the basic annual

99

99

99

98
97

96
95

95

95
92

92
91

90

89

80
88

88

seasonality of the market as well as the relationship

86
82
81

81

81
80

74

between these items. The number of New Listings in

71
70

70

60
63
62

September 2010 was 17, down 15.0% from 20 last

month and down 10.5% from 19 in September of last 40
year. 20
0
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 S
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
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 September 2010
Nicole Truszkowski
City: Monterey CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
www.estatesofcarmel.com
Price Range: All | 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 September 2010 was 17,
down 15.0% from 20 last month and down 10.5% from 19 in September of last year.

140 Inventory New Listings Sales

125

120
122
113

109

109
108

100
102

102
99

99

99

98
97

96
95

95

95
92

92
91

90

89
88

88
86
80

82
81

81

81
80

74
71
70

70
60

63
62
40
38

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28

28
25
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5

3
0
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 S
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
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.