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Salinas Monterey Highway Homes Market Action Report Real Estate Sales For May 2013
Salinas Monterey Highway Homes Market Action Report Real Estate Sales For May 2013
May 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com
Trending versus*:
Trending versus*:
LY
Month
$1,449,000 $1,821,398 $642,500 $744,808 63 25 76 $317 $248 2.5 97.2%
LM
L3M PYM
YTD
Prior YTD
Prior Year
* 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
May Property sales were 25, up 127.3% from 11 in May of 2012 and 38.9% higher than the 18 sales last month. May 2013 sales were at their highest level compared to May of 2012 and 2011. May YTD sales of 96 are running 17.1% ahead of last year's year-todate sales of 82.
30 25 20 15 10
0
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 M A M 10 11 12 13
Prices
The Median Sales Price in May was $642,500, up 38.2% from $465,000 in May of 2012 and up 13.7% from $565,000 last month. The Average Sales Price in May was $744,808, up 13.1% from $658,273 in May of 2012 and up 7.2% from $694,704 last month. May 2013 ASP was at the highest level compared to May of 2012 and 2011.
(000's)
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2013 MSI of 2.5 months was at its lowest level compared with May of 2012 and 2011.
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 M A M 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.
155 165 156 149 146 130 125 117 125 128 133 131 128 129 122 127 120 117 104 98 111 99 102 108 116 103 97 90 81 80 68 73 76 73 70 63
19 9 10 25 22 12 13 9 10 16 13 14 21 20 26 17 11 23 21 10 10 27 24 11 14 23 20 17 26 19 19 22 14 17 18 25
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 M A M 10 11 12 13
20 18 16 14 12 10 8 6 4 2 0
May 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com
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 76, up 4.1% from 73 days last month and up 1.3% from 75 days in May of last year. The May 2013 DOM was at a mid level compared with May of 2012 and 2011.
Average Days on Market (Listing to Contract) for properties sold during the month
3 Mo Avg
180
75
76
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 M A M 10 11 12 13
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
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 M A M 10 11 12 13
99% 98% 97% 96% 95% 94% 93% 92% 91% 90% 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 M A M 10 11 12 13 94.9% 95.2% 97.2%
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 M A M 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.
May 2013
Nicole Truszkowski Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com
Inventory
156
New Listings
Sales
160
155
146
149
133
130
131
128
128
129
125
125
122
127
117
120
117
111
104
108
116 103
98
102
99
97
90 81
80
73
76
73
68
70 A
33
35
23
19
10
16
13
0
J 10 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 M M
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.
14
21
20
33 20 26 26 30 17 20 11 19 23 14 21 29 10 32 10 20 27 21 24 31 11 32 14 21 23 29 20 22 17 15 26 30 19 13 19 22 22 27 14 29 17 24 18 17 25
32
32
31
23 25 28 22 19 12 14 13 19 9 26 10
29
63