MARKET ACTION REPORT August 2010

Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
831-238-7449
[email protected]
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 $1,479,000 0% 0%
Average List Price of all Current Listings $2,100,522 4% 3%
August Median Sales Price $780,000 -32% -29% -29% -35% $1,100,000 -6% -8%
August Average Sales Price $999,974 -18% -23% -35% -34% $1,299,583 -17% -15%
Total Properties Currently for Sale (Inventory) 211 -1% 9%
August Number of Properties Sold 19 12% 0% 111 29%
August Average Days on Market (Solds) 101 -2% -12% -27% -26% 124 -2% -9%
Asking Price per Square Foot (based on New Listings) $1,015 48% 22% 22% 8% $838 -12% -11%
August Sold Price per Square Foot $565 -28% -19% -33% -30% $720 -14% -11%
August Month's Supply of Inventory 11.1 -12% -16% 9% -35% 13.4 -33% -22%
August Sale Price vs List Price Ratio 94.3% .7% 2.6% 6.7% 6.2% 91.4% 3.4% 3.0%
* 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
August Property sales were 19, equal to 19 in August 20

22
20

of 2009 and 11.8% higher than the 17 sales last

19

19

19
15

17
month. August 2010 sales were at their highest level

16

16

16
15

15

15
compared to August of 2009 and 2008. August YTD
14
14

14

14
13

13

13
10

12
12
sales of 111 are running 29.1% ahead of last year's
11

11

11
10

10

10
9

9
year-to-date sales of 86.
8

8
5
7
7

7
6

6
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
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in August was $780,000, 3,200

down 29.1% from $1,100,000 in August of 2009 2,700
and down 32.2% from $1,150,000 last month. The
Average Sales Price in August was $999,974, down 2,200
35.1% from $1,541,468 in August of 2009 and down 1,700
18.3% from $1,224,500 last month. August 2010
ASP was at the lowest level compared to August of 1,200
2009 and 2008.
700
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
07 08 09 10

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

Inventory & MSI 250
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
35
The Total Inventory of Properties available for sale as of
August was 211, down 1.4% from 214 last month and up 30
200
214
212

211
210

8.8% from 194 in August of last year. August 2010

207

201

201
200
199

25
194

194
193
191

Inventory was at its highest level compared with August

183
182
181

179
177

176

172
171

150
168
167

166
165

165
164

20
163
161
160

of 2009 and 2008.

159

154
151
149

138
130

100 15

A comparatively lower MSI is more beneficial for sellers 10

while a higher MSI is better for buyers. The August 2010 50
5
MSI of 11.1 months was at a mid level compared with
August of 2009 and 2008. 0 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
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 August 2010
Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
831-238-7449
[email protected]
Price Range: All | 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 138
150
move towards more of a Buyer's market, a downward
trend a move towards more of a Seller's market. The 130
101
DOM for August was 101, down 1.9% from 103 days last 110 95
month and down 26.8% from 138 days in August of last 90
year. The August 2010 DOM was at a mid level
70
compared with August of 2009 and 2008.
50
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
07 08 09 10

Selling Price per Square Foot

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

The Selling Price per Square Foot is a great indicator for 1,350
the direction of Property values. Since Median Sales 1,250
Price and Average Sales price can be impacted by the 1,150
'mix' of high or low end Properties in the market, the 1,050 943
selling price per square foot is a more normalized
950 845
indicator on the direction of Property values. The
August 2010 Selling Price per Square Foot of $565 was 850
down 28.2% from $787 last month and down 33.1% 750
from 845 in August of last year. 650 565
550
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
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% 94.4% 94.3%
average amount that Sellers are agreeing to come down 94%
from their original list price. The lower the ratio is 92%
below 100% the more of a Buyer's market exists, a ratio 90% 88.4%
at or above 100% indicates more of a Seller's market.
88%
The August 2010 Selling Price vs Original List Price of
94.3% was up from 93.6% last month and up from 86%
88.4% in August of last year. 84%
82%
80%
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
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
214
212

211
210

inventory of Properties for sale along with New Listings

207

201

201
200
199
194

194
193
191

and Sales. The graph shows the basic annual

183
182
181

179
177

176

172
171

150
168
167

166
165

165
164

163
161
160

seasonality of the market as well as the relationship

159

154
151
149

138

between these items. The number of New Listings in

130

100
August 2010 was 25, down 10.7% from 28 last month
and down 7.4% from 27 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
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 August 2010
Nicole Truszkowski
City: Carmel CIPS,CLHMS,TRC
831-238-7449
[email protected]
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 August 2010 was 25, down
10.7% from 28 last month and down 7.4% from 27 in August of last year.

250 Inventory New Listings Sales

214
212

211
210
200
207

201

201
200
199
194

194
193
191

183
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179
177

176

172
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167

166

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150

159

154
151
149

138
130
100

50

54
44

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37
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33

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25
23

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20
10

14

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11
15

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11

19

10

13
16
14

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12

12

15

19

14

15
11
13
13

10

16

11

16

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19
9

9
0
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 A
07

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.