MARKET ACTION REPORT December 2010

Nicole Truszkowski
City: Carmel Valley CIPS, CLHMS, TRC, Broker Associate
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 $1,195,000
Average List Price of all Current Listings $2,161,801
December Median Sales Price $740,000 $698,000
December Average Sales Price $722,718 $950,398
Total Properties Currently for Sale (Inventory) 99
December Number of Properties Sold 11 130
December Average Days on Market (Solds) 136 133
Asking Price per Square Foot (based on New Listings) $497 $464
December Sold Price per Square Foot $297 $371
December Month's Supply of Inventory 9.0 12.8
December Sale Price vs List Price Ratio 92.7% 89.6%
* 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
December Property sales were 11, down 8.3% from 12

14
12

13

13
in December of 2009 and 10.0% higher than the 10

12

12
10

11

11
sales last month. December 2010 sales were at a mid

10
level compared to December of 2009 and 2008. 8

9
8

8
8

8
December YTD sales of 130 are running 64.6% ahead 6

7
6

6
6

6
of last year's year-to-date sales of 79. 4
5

5
5

5
4

4
4

4
2
3
3

0
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 S O N D
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 December was $740,000,

down 3.0% from $762,500 in December of 2009 and 2,400
up 23.8% from $597,500 last month. The Average
1,900
Sales Price in December was $722,718, down 24.9%
from $962,833 in December of 2009 and up 8.9% 1,400
from $663,500 last month. December 2010 ASP was
at the lowest level compared to December of 2009 900
and 2008.
400
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 S O N D
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
December was 99, down 18.9% from 122 last month and 160 60
155

140
152

down 14.7% from 116 in December of last year. December

149
144

50
142
138

137
136

136

136
135

135

120
134

133

2010 Inventory was at its lowest level compared with

132

132
128

127

127

127
125

124

122
121

121
118
117

40
116

December of 2009 and 2008. 100

113
111

110
104
102

99

80
93
93

30
60
A comparatively lower MSI is more beneficial for sellers 20
40
while a higher MSI is better for buyers. The December 10
2010 MSI of 9.0 months was at its lowest level compared 20
with December of 2009 and 2008. 0 0
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 S O N D
08 09 10

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s 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 consumer’s real estate transaction.
MARKET ACTION REPORT December 2010
Nicole Truszkowski
City: Carmel Valley CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
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
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 December was 136, up 49.5% from 91 days last
month and up 24.8% from 109 days in December of last 129 136
109
year. The December 2010 DOM was at a mid level
compared with December of 2009 and 2008.

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

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 434
indicator on the direction of Property values. The 381
December 2010 Selling Price per Square Foot of $297
was down 10.1% from $330 last month and down 22.2% 297
from 381 in December of last year.

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 92.7%
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio 88.4%
at or above 100% indicates more of a Seller's market. 87.3%
The December 2010 Selling Price vs Original List Price
of 92.7% was up from 92.0% last month and up from
87.3% in December of last year.

Inventory / New Listings / Sales

Inventory / New Listings / Sales 180 Inventory New Listings Sales

This last view of the market combines monthly 160

155

140
152

inventory of Properties for sale along with New Listings

149
144

142
138

137
136

136

136
135

135

120
134

133

and Sales. The graph shows the basic annual

132

132
128

127

127

127
125

124

122
121

121
118
117

116

seasonality of the market as well as the relationship 100

113
111

110
104
102

99

between these items. The number of New Listings in 80

93
93

December 2010 was 4, down 76.5% from 17 last month 60

and down 69.2% from 13 in December of last year. 40
20
0
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 S O N D
08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s 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 consumer’s real estate transaction.
Inventory / Listings / Sales December 2010
Nicole Truszkowski
City: Carmel Valley CIPS, CLHMS, TRC, Broker Associate
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 December 2010 was 4, down
76.5% from 17 last month and down 69.2% from 13 in December of last year.

180 Inventory New Listings Sales

160

155

152
149
140

144

142
138

137
136

136

136
135

135
134

133
132

132
128

127

127

127
120
125

124

122
121

121
118
117

116
113
111

110
100

104
102

99
93
93

80

60

40

35

34
33
30
28

28

20
26

26

25

25

24
22

22
21

21

20

20

20
19

19

18
17

17

17
16

16

16
15

15
11

13

12

10

13
12

12

11

14

13

13
14

10

11
4

8
9

4
0
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 S O N D

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s 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 consumer’s real estate transaction.