MARKET ACTION REPORT

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

City: Big Sur Coast

Price Range: All | Properties: SFH - 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 July Median Sales Price July Average Sales Price Total Properties Currently for Sale (Inventory) July Number of Properties Sold July Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) July Sold Price per Square Foot July Month's Supply of Inventory July Sale Price vs List Price Ratio

Month
$2,500,000 $3,456,842 $3,750,000 $3,750,000 19 1 123 $0 $1,157 19.0 94.9%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$900,000 $1,306,643 7 406 $1,580 $999 18.1 91.1%

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
July Property sales were 1, up from 0 in July of 2012 and 50.0% lower than the 2 sales last month. July 2013 sales were at their highest level compared to July of 2012 and 2011. July YTD sales of 7 are running 75.0% ahead of last year's year-to-date sales of 4.

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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 J J 10 11 12 13
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Prices
The Median Sales Price in July was $3,750,000, up from $0 in July of 2012 and up 578.1% from $553,000 last month. The Average Sales Price in July was $3,750,000, up from $0 in July of 2012 and up 578.1% from $553,000 last month. July 2013 ASP was at the highest level compared to July of 2012 and 2011.

(000's)

Median Sales Price and Average Sales Price

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

5,200 4,200 3,200 2,200 1,200 200

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 J J 10 11 12 13

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

Inventory & MSI

The Total Inventory of Properties available for sale as of July was 19, down 20.8% from 24 last month and down 40.6% from 32 in July of last year. July 2013 Inventory was at its lowest level compared with July of 2012 and 2011. 50 45 40 35 30 25 20 15 10 5 0

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

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2013 MSI of 19.0 months was at its lowest level compared with July of 2012 and 2011.

50 45 40 35 30 25 20 15 10 5 0

46 43 45 44 46 42 42 41 38 36 35 37 38 39 36 35 36 32 33 36 34 30 27 32 32 28 27 24

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 J J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - 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.

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MARKET ACTION REPORT

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

City: Big Sur Coast

Price Range: All | Properties: SFH - 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 July was 123, down 14.0% from 143 days last month and up from 0 days in July of last year. The July 2013 DOM was at its lowest level compared with July of 2012 and 2011. 1,000 800 600 400 200 0

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

1022

3 Mo Avg

123

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 J J 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 July 2013 Selling Price per Square Foot of $1,157 was up 139.8% from $482 last month and up from 0 in July of last year. 2,150 1,650

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

3 Mo Avg

1157

1,150 650 150

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 J J 10 11 12 13 417

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 July 2013 Selling Price vs Original List Price of 94.9% was down from 96.8% last month and up from 0.0% in July of last year.

100% 95% 90% 85% 80% 75% 70% 65% 60% 55% 90.9%

94.9%

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 J J 10 11 12 13

Inventory / New Listings / Sales

50 Inventory / New Listings / Sales 45 This last view of the market combines monthly inventory of Properties for sale along with New Listings 40 35 and Sales. The graph shows the basic annual 30 seasonality of the market as well as the relationship 25 between these items. The number of New Listings in 20 July 2013 was 0, down 100.0% from 2 last month and 15 down 100.0% from 6 in July of last year. 10 5 0
Inventory New Listings Sales
46 43 45 44 46 42 42 41 38 36 35 37 38 39 36 35 36 32 33 36 34 30 27 32 32 28 27 24

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 J J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - 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.

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Inventory / Listings / Sales

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

City: Big Sur Coast

Price Range: All | Properties: SFH - 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 July 2013 was 0, down 100.0% from 2 last month and down 100.0% from 6 in July of last year. 50
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Inventory
44

New Listings

Sales

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D J 11 F

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Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - 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.

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