MARKET ACTION REPORT August 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 $1,217,880 3% 20%
Average List Price of all Current Listings $1,907,863 13% 15%
August Median Sales Price $875,000 7% 20% 20% 20% $690,000 -4% -5%
August Average Sales Price $1,110,714 -20% -7% 25% 18% $1,049,969 29% 12%
Total Properties Currently for Sale (Inventory) 147 1% 8%
August Number of Properties Sold 7 -46% 40% 87 81%
August Average Days on Market (Solds) 197 17% 26% 116% 55% 141 15% 11%
Asking Price per Square Foot (based on New Listings) $560 29% 19% 19% 11% $485 -5% -4%
August Sold Price per Square Foot $387 -1% 1% -10% -4% $391 -3% -2%
August Month's Supply of Inventory 21.0 87% 48% -23% -12% 13.3 -50% -44%
August Sale Price vs List Price Ratio 93.9% 1.7% 7.7% 9.3% 5.4% 88.7% -1.8% -.4%
* 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
August Property sales were 7, up 40.0% from 5 in

14
12

13
August of 2009 and 46.2% lower than the 13 sales

12

12
10

11
last month. August 2010 sales were at their highest
level compared to August of 2009 and 2008. 8

9
8

8
8

8
August YTD sales of 87 are running 81.3% ahead of 6
7

7
6

6
6

6
last year's year-to-date sales of 48. 4
5

5
5

5
4
4

4
4

4
2
3
3

0 2
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 2,900 Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in August was $875,000, up

20.2% from $728,000 in August of 2009 and up 2,400
6.7% from $820,000 last month. The Average Sales
1,900
Price in August was $1,110,714, up 24.8% from
$890,000 in August of 2009 and down 20.3% from 1,400
$1,393,454 last month. August 2010 ASP was at a
mid range compared to August of 2009 and 2008. 900

400
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 180
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
160 60
August was 147, up 0.7% from 146 last month and up
140
153

8.1% from 136 in August of last year. August 2010

147
146
145

50
138

137
136

136

136

120
134

134

134

Inventory was at its highest level compared with August

132

132

129
128

128

128
126

126
121

121
119

118

40
117

116

of 2009 and 2008. 100

113

112
111

111
104

104
102

80
93
93

30
91

60
A comparatively lower MSI is more beneficial for sellers 20
40
while a higher MSI is better for buyers. The August 2010 10
20
MSI of 21.0 months was at its lowest 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 Valley 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 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 250 197
DOM for August was 197, up 17.3% from 168 days last 200
month and up 116.5% from 91 days in August of last 117
150
year. The August 2010 DOM was at a mid level 91
compared with August of 2009 and 2008. 100
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 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 572
600
Price and Average Sales price can be impacted by the
550
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized 500
428
indicator on the direction of Property values. The 450
387
August 2010 Selling Price per Square Foot of $387 was 400
down 1.5% from $392 last month and down 9.7% from 350
428 in August of last year. 300
250
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% 93.9%
average amount that Sellers are agreeing to come down 94%
from their original list price. The lower the ratio is 92% 90.6%
below 100% the more of a Buyer's market exists, a ratio 90%
at or above 100% indicates more of a Seller's market.
88% 85.9%
The August 2010 Selling Price vs Original List Price of
93.9% was up from 92.3% last month and up from 86%
85.9% 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 180 Inventory New Listings Sales

This last view of the market combines monthly 160

140
153

inventory of Properties for sale along with New Listings

147
146
145
138

137
136

136

136

120
134

134

134

and Sales. The graph shows the basic annual

132

132

129
128

128

128
126

126
121

121
119

118
117

116

seasonality of the market as well as the relationship 100

113

112
111

111
104

104
102

between these items. The number of New Listings in 80

93
93
91

August 2010 was 24, down 4.0% from 25 last month 60

and up 9.1% from 22 in August of last year. 40
20
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 Valley CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
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 24, down
4.0% from 25 last month and up 9.1% from 22 in August of last year.

180 Inventory New Listings Sales

160

153

147
140

146
145
138

137
136

136

136
134

134

134
132

132

129
128

128

128
120

126

126
121

121
119

118
117

116
113

112
111

111

100
104

104
102
93

93
91

80

60

40

36

34
33
30
28

28

20
26

26

25

25

24
22

22

22
21

21

21
20

19

19
18
17
16

16

16
15

15
11

14

10

11

13

12

10

13
12

12

11

14

13
8

7
5
4

8
9

7
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.