May 2015

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Monterey
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Trending Versus*:

Market Profile & Trends Overview

Median List Price of all Current Listings
Average List Price of all Current Listings
May Median Sales Price
May Average Sales Price
Total Properties Currently for Sale (Inventory)
May Number of Properties Sold
May Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
May Sold Price per Square Foot
May Month's Supply of Inventory
May Sale Price vs List Price Ratio

Month

LM

L3M PYM

Trending Versus*:

LY

$887,500
$1,256,053
$658,500
$739,371
80
24
52
$447
$436
3.3
98.9%

YTD

PriorYTD

PriorYear

$634,750
$707,455
118
86
$452
$412
3.5
97.2%

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

Property Sales
May Property sales were 24, down -25.0% from 32 in May of 2014 and 4.3% higher than the 23 sales last month. May 2015 sales were at their lowest level
compared to May of 2014 and 2013. May YTD sales of 118 are running 13.5% ahead of last year's year-to-date sales of 104.

Prices
The Median Sales Price in May was $658,500, up 5.5% from $624,000 in May of 2014 and down -5.8% from $699,000 last month. The Average Sales Price in
May was $739,371, down -2.1% from $755,254 in May of 2014 and down -1.9% from $753,774 last month. May 2015 ASP was at a mid range compared to
May of 2014 and 2013.

Sotheby's International Realty is 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 6/1/2012 through 5/31/2015. 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.

May 2015

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Monterey
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Inventory & MSI

The Total Inventory of Properties available for sale as of May was 80, up 3.9% from 77 last month and down -20.0% from 100 in May of last year. May 2015
Inventory was at the lowest level compared to May of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2015 MSI of 3.3 months was at a mid range
compared with May of 2014 and 2013.

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 May was 52, down -21.2% from 66 days
last month and up 15.6% from 45 days in May of last year. The May 2015 DOM was at a mid range compared with May of 2014 and 2013.

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 May 2015 Selling Price per Square Foot of $436 was up 14.7% from $380 last month and up 5.6% from $413 in May of last year.

Sotheby's International Realty is 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 6/1/2012 through 5/31/2015. 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.

May 2015

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Monterey
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

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 May 2015 Selling Price vs List Price of 98.9% was up
from 98.1% last month and up from 97.5% in May 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 May 2015 was 35, down -2.8% from 36 last month
and up 9.4% from 32 in May of last year.

Sotheby's International Realty is 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 6/1/2012 through 5/31/2015. 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.

May 2015

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Monterey
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

J 12
25

Homes Sold
3 Mo. Roll Avg
(000's)

J
22

A
24
24

S
24
23

O
25
24

N
21
23

D J 13
27 25
24 24

F
18
23

M
26
23

A
28
24

M
28
27

J
26
27

J
24
26

A
32
27

S
28
28

O
23
28

N
25
25

D J 14
26 16
25 22

F
16
19

M
18
17

A
22
19

M
32
24

J
18
24

J
17
22

A
19
18

S
27
21

O
27
24

N
23
26

D J 15
21 20
24 21

F
21
21

M
30
24

A
23
25

M
24
26

MedianSalePrice
3 Mo. Roll Avg

J 12
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
A
S
O
N
D J 15
F M
A M
395 423 456 458 480 545 408 480 433 472 475 597 548 552 600 648 595 540 510 588 556 600 573 624 476 762 580 649 725 640 525 634 530 593 699 659
425 445 465 494 478 478 440 461 460 514 540 565 566 600 614 594 548 546 551 581 576 599 558 621 606 664 651 671 630 600 563 585 607 650

Inventory
MSI

J 12
J
A
S
O
N
114 114 118 106 110 102
5
5
5
4
4
5

D J 13
82 88
3
4

J 12
75

D J 13
F
86 76 131
83 87 98

Days On Market
3 Mo. Roll Avg

J
79

A
60
71

S
87
75

O
65
71

N
99
84

F
86
5

M
A M
J
J
A
S
98 101 104 114 109 108 108
4
4
4
4
5
3
4

O
98
4

N
93
4

D J 14
75 75
3
5

F
80
5

M
96
5

A M
J
J
A
S
O
N
93 100 113 111 120 126 124 110
4
3
6
7
6
5
5
5

D J 15
89 86
4
4

F
84
4

M
79
3

A
77
3

M
80
3

M
67
91

O
62
65

N
80
68

D J 14
76 74
73 77

F
63
71

M
73
70

A
75
70

D J 15
93 107
73 88

F M
79 121
93 102

A
66
89

M
52
80

A
53
84

M
72
64

J
49
58

J
58
60

A
71
59

S
62
64

M
45
64

J
45
55

J
78
56

A
75
66

S
55
69

O
63
64

N
63
60

J 12
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
A
S
O
N
D J 15
F M
A M
294 297 346 340 323 329 316 286 311 344 304 396 356 384 351 408 423 379 376 365 394 414 395 413 392 438 402 409 451 439 399 416 438 395 380 436
312 328 336 331 323 310 304 314 320 348 352 379 364 381 394 403 393 373 378 391 401 407 400 414 411 416 421 433 430 418 418 416 404 404

Price per Sq Ft
3 Mo. Roll Avg

J 12

D J 13

D J 14

D J 15

Sale to List Price

3 Mo. Roll Avg

0.973 0.977 0.969 0.965 0.955 0.956 0.981 0.988 0.995 0.974 0.982 0.993 0.988 0.982 0.993 0.979 0.982 0.974 0.964 0.974 0.979 0.987 1.007 0.975 0.964 0.959 0.971 0.992 0.972 0.995 0.941 0.958 0.973 0.976 0.981 0.989
0.973 0.970 0.963 0.959 0.964 0.975 0.988 0.986 0.984 0.983 0.988 0.988 0.988 0.985 0.985 0.978 0.973 0.971 0.972 0.980 0.991 0.990 0.982 0.966 0.965 0.974 0.978 0.986 0.969 0.965 0.957 0.969 0.977 0.982

New Listings
Inventory
Sales

J 12
J
A
S
O
N
39 34 32 27 25 29
114 114 118 106 110 102
25 22 24 24 25 21
(000's)

Avg Sale Price

3 Mo. Roll Avg

D J 13
15 31
82 88
27 25

F
32
86
18

M
A M
J
J
A
S
38 33 36 34 37 39 35
98 101 104 114 109 108 108
26 28 28 26 24 32 28

O
22
98
23

N
20
93
25

D J 14
16 24
75 75
26 16

F
28
80
16

M
43
96
18

A M
J
J
A
S
O
N
40 32 38 33 40 42 30 20
93 100 113 111 120 126 124 110
22 32 18 17 19 27 27 23

D J 15
8 29
89 86
21 20

F
32
84
21

M
35
79
30

A
36
77
23

M
35
80
24

J 12
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
A
S
O
N
D J 15
F M
A M
578 393 567 531 660 610 463 514 525 586 513 698 616 616 651 732 696 685 693 633 610 672 580 755 726 874 823 884 782 737 706 697 660 687 754 739
513 497 586 601 578 529 501 541 541 599 609 644 628 666 693 704 691 670 645 638 621 669 687 785 808 860 829 801 742 713 687 681 700 727

Sotheby's International Realty is 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 6/1/2012 through 5/31/2015. 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.