MARKET ACTION REPORT

February 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel
Price Range: All | Properties: Single Family - Condo - TwnHm

Trending versus*:

Trending versus*:
LY

Market Profile & Trends Overview

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

Month
$1,925,000 $2,587,769 $900,000 $1,170,154 111 13 121 $897 $701 8.5 94.7%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$1,237,500 $1,611,591 22 103 $921 $806 11.4 93.5%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
February Property sales were 13, down 31.6% from 19 in February of 2012 and 44.4% higher than the 9 sales last month. February 2013 sales were at their lowest level compared to February of 2012 and 2011. February YTD sales of 22 are running 33.3% behind last year's year-to-date sales of 33.

35 30 25 20 15 10 0 5

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 O N D J F 10 11 12 13

Prices
The Median Sales Price in February was $900,000, down 18.2% from $1,100,000 in February of 2012 and down 44.6% from $1,625,000 last month. The Average Sales Price in February was $1,170,154, down 18.5% from $1,435,839 in February of 2012 and down 48.0% from $2,249,222 last month. February 2013 ASP was at the lowest level compared to February of 2012 and 2011.

(000's)

2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600

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 O N D J F 10 11 12 13

Inventory & MSI

The Total Inventory of Properties available for sale as of February was 111, down 14.0% from 129 last month and down 30.6% from 160 in February of last year. February 2013 Inventory was at its lowest level compared with February of 2012 and 2011.

250 200
163 178

209 219 225 230 210 203 179 163 159 165 173 188 194 209 213 214 197 201 191 169 169 160 153 161 163 168 167 165 158 155 136 128 129 111

150 100

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2013 MSI of 8.5 months was at its highest level compared with February of 2012 and 2011.

50 0
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 O N D J F 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

17 13 19 14 20 19 6 28 9 14 16 20 23 18 14 24 18 13 23 20 16 15 14 19 23 23 33 19 11 22 28 22 18 22 9 13

Median Sales Price and Average Sales Price

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

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

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

40 35 30 25 20 15 10 5 0

MARKET ACTION REPORT

February 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel
Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

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 February was 121, up 55.1% from 78 days last month and down 17.7% from 147 days in February of last year. The February 2013 DOM was at a mid level compared with February of 2012 and 2011.

250 230 210 190 170 150 130 110 90 70 50

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

147 121 78

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 O N D J F 10 11 12 13

Selling Price per Square Foot

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 February 2013 Selling Price per Square Foot of $701 was down 26.0% from $947 last month and up 17.2% from 598 in February of last year.

950 900 850 800 750 700 650 600 550 500

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

3 Mo Avg

694 598

701

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 O N D J F 10 11 12 13

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original 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 February 2013 Selling Price vs Original List Price of 94.7% was down from 96.3% last month and down from 95.4% in February of last year.

99% 97% 95% 93% 91% 89% 87% 85% 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 O N D J F 10 11 12 13 93.4% 95.4% 94.7%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

250

Inventory

New Listings

Sales

This last view of the market combines monthly 200 inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual 150 seasonality of the market as well as the relationship between these items. The number of New Listings in 100 February 2013 was 22, down 29.0% from 31 last month and down 35.3% from 34 in February of last year. 50 0

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 O N D J F 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

209 219 225 230 210 203 179 163 159 165 173 188 194 209 213 214 197 201 191 169 169 160 153 161 163 168 167 165 158 155 136 128 129 111

163 178

Inventory / Listings / Sales

February 2013
Nicole Truszkowski Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel
Price Range: All | Properties: Single Family - Condo - TwnHm

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 February 2013 was 22, down 29.0% from 31 last month and down 35.3% from 34 in February of last year. 250
225 230

Inventory
219

New Listings

Sales

209

203

209

194

197

201

200
178

210

213

214

179

173

188

191 169

169

168

165

167

163

163

159

158

153

155 136

150

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165

128

129 111

100

44

54

50
33

0
M 10 A M J J A S O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F

Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty does not warrant or guarantee does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumers real estate transaction.

31 19 26 6 28 28 15 9 15 14 36 16 36 20 37 23 35 18 35 14 44 24 27 18 41 13 24 23 29 20 21 16 17 15 41 14 34 19 28 23 35 23 37 33 34 19 33 11 34 22 29 28 30 22 15 18 12 22 31 9 22 13

42 19 14 20 29

17

13