MARKET ACTION REPORT

April 2014
City: Monterey
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 5/1/2011 through 4/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.



Trending Versus*: Trending Versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $711,900
Average List Price of all Current Listings $775,441
April Median Sales Price $572,500 $565,000
April Average Sales Price $563,925 $586,263
Total Properties Currently for Sale (Inventory) 60
April Number of Properties Sold 20 66
April Average Days on Market (Solds) 72 70
Asking Price per Square Foot (based on New Listings) $448 $439
April Sold Price per Square Foot $402 $398
April Month's Supply of Inventory 3.0 3.5
April Sale Price vs List Price Ratio 101.3% 99.1%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales

April Property sales were 20, down -25.9% from 27 in April of 2013 and 25.0% higher than the 16 sales last month. April 2014 sales were at their lowest level
compared to April of 2013 and 2012. April YTD sales of 66 are running -26.7% behind last year's year-to-date sales of 90.
Prices

The Median Sales Price in April was $572,500, up 27.2% from $450,000 in April of 2013 and down -3.4% from $592,500 last month. The Average Sales Price
in April was $563,925, up 10.9% from $508,670 in April of 2013 and down -3.7% from $585,820 last month. April 2014 ASP was at highest level compared
to April of 2013 and 2012.
MARKET ACTION REPORT

April 2014
City: Monterey
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 5/1/2011 through 4/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.



Inventory & MSI

The Total Inventory of Properties available for sale as of April was 60, down -4.8% from 63 last month and down -3.2% from 62 in April of last year. April
2014 Inventory was at the lowest level compared to April of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2014 MSI of 3.0 months was at a mid range
compared with April of 2013 and 2012.
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 April was 72, down -7.7% from 78 days
last month and up 46.9% from 49 days in April of last year. The April 2014 DOM was at a mid range compared with April of 2013 and 2012.
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 April 2014 Selling Price per Square Foot of $402 was down -3.4% from $416 last month and up 31.4% from $306 in April of last year.
MARKET ACTION REPORT

April 2014
City: Monterey
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 5/1/2011 through 4/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.



Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their 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 April 2014 Selling Price vs List Price of 101.3% was up
from 99.1% last month and up from 98.4% in April of last year.
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 April 2014 was 35, up 2.9% from 34 last month and
up 25.0% from 28 in April of last year.
MARKET ACTION REPORT

April 2014
City: Monterey
Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Sotheby's International Realtyis a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information fromMLSListings, Inc for the period 5/1/2011 through 4/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.
Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.




M 11 J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A
Homes Sold 25 30 14 22 21 13 15 23 17 24 21 25 25 23 21 23 20 18 20 26 23 16 24 27 24 23 22 28 25 20 23 22 15 15 16 20
3 Mo. Roll Avg 23 22 19 19 16 17 18 21 21 23 24 24 23 22 21 20 19 21 23 22 21 22 25 25 23 24 25 24 23 22 20 17 15 17

(000's)
M 11 J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A
MedianSalePrice 420 373 353 375 428 480 425 350 405 435 400 420 353 375 395 425 431 330 530 404 480 390 440 450 583 545 527 595 627 578 536 463 575 555 593 573
3 Mo. Roll Avg 382 367 385 428 444 418 393 397 413 418 391 383 374 398 417 395 430 421 471 425 437 427 491 526 551 556 583 600 580 526 525 531 574 573

M 11 J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A
Inventory 121 119 118 109 113 114 108 89 78 87 79 79 75 81 80 83 74 79 66 51 55 51 64 62 67 73 73 71 71 62 61 49 53 52 63 60
MSI 5 4 8 5 5 9 7 4 5 4 4 3 3 4 4 4 4 4 3 2 2 3 3 2 3 3 3 3 3 3 3 2 4 3 4 3

M 11 J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A
Days On Market 126 108 69 61 78 144 149 71 80 81 76 85 59 74 81 54 96 64 97 89 74 132 63 49 44 45 53 54 46 60 63 79 69 60 78 72
3 Mo. Roll Avg 101 79 69 94 124 121 100 77 79 81 73 73 71 70 77 71 86 83 87 98 90 81 52 46 47 51 51 53 56 67 70 69 69 70

M 11 J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A
Price per Sq Ft 324 295 271 307 331 296 271 286 299 270 336 296 296 283 295 347 345 330 330 314 281 312 340 306 406 359 395 356 416 429 365 371 372 397 416 402
3 Mo. Roll Avg 297 291 303 311 299 284 285 285 302 301 309 292 291 308 329 341 335 325 308 302 311 319 351 357 387 370 389 400 403 388 369 380 395 405

M 11 J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A
Sale to List Price
0.966 0.965 0.930 0.975 0.952 0.971 0.960 0.986 0.961 0.982 0.967 0.991 0.985 0.980 0.979 0.972 0.963 0.962 0.959 0.983 0.993 0.997 0.974 0.984 1.001 0.996 0.986 0.993 0.985 0.993 0.975 0.969 0.975 0.982 0.991 1.013
3 Mo. Roll Avg
0.954 0.957 0.952 0.966 0.961 0.972 0.969 0.976 0.970 0.980 0.981 0.985 0.981 0.977 0.971 0.966 0.961 0.968 0.978 0.991 0.988 0.985 0.986 0.994 0.994 0.992 0.988 0.990 0.984 0.979 0.973 0.975 0.983 0.995

M 11 J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A
New Listings 35 24 33 24 22 27 27 16 25 40 25 26 26 32 31 24 23 23 20 14 26 24 35 28 33 30 34 28 28 20 19 14 22 21 34 35
Inventory 121 119 118 109 113 114 108 89 78 87 79 79 75 81 80 83 74 79 66 51 55 51 64 62 67 73 73 71 71 62 61 49 53 52 63 60
Sales 25 30 14 22 21 13 15 23 17 24 21 25 25 23 21 23 20 18 20 26 23 16 24 27 24 23 22 28 25 20 23 22 15 15 16 20

(000's)
M 11 J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A
Avg Sale Price 504 417 465 400 429 489 445 362 404 380 488 424 471 408 390 534 443 403 586 440 424 445 436 509 565 558 590 593 645 590 511 565 602 601 586 564
3 Mo. Roll Avg 462 427 431 439 454 432 404 382 424 431 461 434 423 444 456 460 477 476 484 437 435 463 503 544 571 581 609 609 582 555 559 589 596 584