MARKET ACTION REPORT

July 2014
City: Carmel Valley
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 8/1/2011 through 7/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.



Trending Versus*: Trending Versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $1,262,500
Average List Price of all Current Listings $2,907,976
July Median Sales Price $798,250 $750,000
July Average Sales Price $789,563 $919,838
Total Properties Currently for Sale (Inventory) 86
July Number of Properties Sold 16 117
July Average Days on Market (Solds) 73 85
Asking Price per Square Foot (based on New Listings) $481 $501
July Sold Price per Square Foot $391 $426
July Month's Supply of Inventory 5.4 5.6
July Sale Price vs List Price Ratio 95.8% 95.3%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales

July Property sales were 16, down -36.0% from 25 in July of 2013 and equal to 0.0% 16 sales last month. July 2014 sales were at their lowest level compared
to July of 2013 and 2012. July YTD sales of 117 are running -14.6% behind last year's year-to-date sales of 137.
Prices

The Median Sales Price in July was $798,250, up 7.1% from $745,000 in July of 2013 and up 7.9% from $740,000 last month. The Average Sales Price in July
was $789,563, down -27.5% from $1,089,600 in July of 2013 and down -8.0% from $857,973 last month. July 2014 ASP was at the lowest level compared to
July of 2013 and 2012.
MARKET ACTION REPORT

July 2014
City: Carmel Valley
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 8/1/2011 through 7/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.



Inventory & MSI

The Total Inventory of Properties available for sale as of July was 86, down -10.4% from 96 last month and down -18.1% from 105 in July of last year. July
2014 Inventory was at the lowest level compared to July of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2014 MSI of 5.4 months was at a mid range
compared with July of 2013 and 2012.
Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a
move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 73, down -16.1% from 87 days
last month and up 14.1% from 64 days in July of last year. The July 2014 DOM was at a mid range compared with July of 2013 and 2012.
Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted
by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values.
The July 2014 Selling Price per Square Foot of $391 was down -10.5% from $437 last month and down -8.2% from $426 in July of last year.
MARKET ACTION REPORT

July 2014
City: Carmel Valley
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 8/1/2011 through 7/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.



Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%
the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The July 2014 Selling Price vs List Price of 95.8% was up
from 95.3% last month and down from 96.6% in July of last year.
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 2014 was 14, down -39.1% from 23 last month
and down -39.1% from 23 in July of last year.
MARKET ACTION REPORT

July 2014
City: Carmel Valley
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information fromMLSListings, Inc for the period 8/1/2011 through 7/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.
Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.




A 11 S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J
Homes Sold 13 21 19 12 16 12 18 5 19 23 11 18 32 16 14 16 15 15 13 21 24 27 12 25 18 8 12 9 30 12 15 16 21 21 16 16
3 Mo. Roll Avg 18 17 16 13 15 12 14 16 18 17 20 22 21 15 15 15 14 16 19 24 21 21 18 17 13 10 17 17 19 14 17 19 19 18

(000's)
A 11 S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J
MedianSalePrice 550 589 463 713 615 590 570 325 690 467 853 618 658 650 603 688 735 456 715 700 642 775 623 745 698 775 745 995 863 499 699 880 773 778 740 798
3 Mo. Roll Avg 534 588 597 639 592 495 528 494 670 646 709 642 637 647 675 626 635 624 686 706 680 714 688 739 739 838 868 785 687 693 784 810 764 772

A 11 S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J
Inventory 144 127 122 117 108 108 108 100 107 119 126 122 122 113 108 100 88 86 88 84 79 102 101 105 111 126 114 106 91 88 89 91 90 94 96 86
MSI 11 6 6 10 7 9 6 20 6 5 11 7 4 7 8 6 6 6 7 4 3 4 8 4 6 16 10 12 3 7 6 6 4 4 6 5

A 11 S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J
Days On Market 42 156 94 103 149 122 83 30 138 102 91 125 115 66 98 89 138 138 135 79 86 84 99 64 64 51 40 92 93 52 108 89 98 77 87 73
3 Mo. Roll Avg 97 118 115 125 118 78 84 90 110 106 110 102 93 84 108 122 137 117 100 83 90 82 76 60 52 61 75 79 84 83 98 88 87 79

A 11 S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J
Price per Sq Ft 306 310 325 298 289 306 318 303 309 292 337 377 363 375 395 365 492 347 338 360 361 402 397 426 398 363 417 662 440 402 420 395 471 439 437 391
3 Mo. Roll Avg 314 311 304 298 304 309 310 301 313 335 359 372 378 378 417 401 392 348 353 374 387 408 407 396 393 481 506 501 421 406 429 435 449 422

A 11 S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J
Sale to List Price
0.954 0.933 0.952 0.934 0.947 0.902 0.979 1.003 0.971 0.964 0.975 0.936 0.970 0.967 0.953 0.939 0.923 0.972 0.940 0.951 0.980 0.969 0.995 0.966 0.973 0.944 0.961 0.979 0.940 0.957 0.948 0.974 0.965 0.954 0.953 0.958
3 Mo. Roll Avg
0.946 0.940 0.944 0.928 0.943 0.961 0.984 0.979 0.970 0.958 0.960 0.958 0.963 0.953 0.938 0.945 0.945 0.954 0.957 0.967 0.981 0.977 0.978 0.961 0.959 0.961 0.960 0.959 0.948 0.960 0.962 0.964 0.957 0.955

A 11 S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J
New Listings 25 13 19 23 15 26 22 17 32 36 32 28 19 16 22 11 8 25 30 27 25 44 28 23 33 25 21 25 10 24 21 33 21 26 23 14
Inventory 144 127 122 117 108 108 108 100 107 119 126 122 122 113 108 100 88 86 88 84 79 102 101 105 111 126 114 106 91 88 89 91 90 94 96 86
Sales 13 21 19 12 16 12 18 5 19 23 11 18 32 16 14 16 15 15 13 21 24 27 12 25 18 8 12 9 30 12 15 16 21 21 16 16

(000's)
A 11 S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J
Avg Sale Price 641 755 691 766 637 800 617 462 760 603 919 882 806 689 752 934
1,362
600 690 832 727 864 792
1,090
793 690 889
1,606 1,000
726 886 951
1,076 1,022
858 790
3 Mo. Roll Avg 696 737 698 734 684 626 613 608 761 801 869 792 749 792
1,016
965 884 707 750 808 794 915 892 858 791
1,061 1,165 1,111
871 854 971
1,016
985 890