October 2016

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel Valley

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Trending Versus*:

Market Profile & Trends Overview

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

Month

LM

L3M PYM

Trending Versus*:

LY

$1,395,000
$2,751,488
$1,225,000
$1,220,250
65
4
91
$603
$526
16.3
96.8%

YTD

PriorYTD

PriorYear

$928,500
$1,118,660
98
70
$627
$494
9.6
96.5%

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

Property Sales
October Property sales were 4, down -42.9% from 7 in October of 2015 and -50.0% lower than the 8 sales last month. October 2016 sales were at their lowest
level compared to October of 2015 and 2014. October YTD sales of 98 are running 28.9% ahead of last year's year-to-date sales of 76.

Prices
The Median Sales Price in October was $1,225,000, up 72.8% from $708,819 in October of 2015 and up 36.3% from $898,500 last month. The Average Sales
Price in October was $1,220,250, up 68.7% from $723,403 in October of 2015 and up 12.2% from $1,087,750 last month. October 2016 ASP was at highest
level compared to October of 2015 and 2014.

Sotheby's International Realty is 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 11/1/2013 through 10/31/2016. 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.

October 2016

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel Valley

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Inventory & MSI

The Total Inventory of Properties available for sale as of October was 65, down -11.0% from 73 last month and up 10.2% from 59 in October of last year.
October 2016 Inventory was at highest level compared to October of 2015 and 2014.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2016 MSI of 16.3 months was at its highest
level compared with October of 2015 and 2014.

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 October was 91, down -27.8% from 126
days last month and up 89.6% from 48 days in October of last year. The October 2016 DOM was at a mid range compared with October of 2015 and 2014.

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 October 2016 Selling Price per Square Foot of $526 was down -11.0% from $591 last month and up 49.4% from $352 in October of last year.

Sotheby's International Realty is 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 11/1/2013 through 10/31/2016. 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.

October 2016

MARKET ACTION REPORT

Nicole Truszkowski

City: Carmel Valley

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

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 October 2016 Selling Price vs List Price of 96.8% was
equal to 96.8% last month and up from 94.6% in October 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 October 2016 was 11, down -47.6% from 21 last
month and down -15.4% from 13 in October of last year.

Sotheby's International Realty is 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 11/1/2013 through 10/31/2016. 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.

October 2016

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Carmel Valley

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

N 13
4

Homes Sold
3 Mo. Roll Avg
(000's)

D J 14
11
5
7

F
5
7

M
6
5

A
9
7

M
11
9

J
9
10

J
9
10

A
11
10

S
4
8

O
6
7

N
5
5

D J 15
7
6
6
6

F
7
7

M
8
7

A
3
6

M
11
7

J
12
9

J
10
11

A
2
8

S
10
7

O
7
6

N
6
8

D J 16
6
6
6
6

F
6
6

M
2
5

A
9
6

M
14
8

MedianSalePrice
3 Mo. Roll Avg

N 13
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
A
S
O
N
D J 16
F M
A M
908 910 888 525 943 560 775 725 748 810 772 635 718 645 1,050 810 718 700 810 968 698 783 1,070 709 903 633 773 910 897 975 975
902 774 785 676 759 687 749 761 777 739 708 666 804 835 859 743 743 826 826 816 850 854 894 748 769 772 860 927 949

Inventory
MSI

N 13
62
16

D J 14
49 40
4
8

A
48
5

M
54
5

J
56
6

J
54
6

N 13
78

D J 14
F M
A
97 74 154 123 90
83 108 117 122

M
85
99

J
72
82

J
A
S
O
N
D J 15
F M
A
59 123 173 98 83 102 115 142 92 103
72 85 118 131 118 94 100 120 116 112

Days On Market
3 Mo. Roll Avg

M
46
8

A
51
5

S
50
13

O
47
8

N
47
9

D J 15
41 36
6
6

F
37
5

M
41
5

A
49
16

M
49
4

J
13
17

A
12
16

S
8
11

O
4
8

S
899
874

1,225
1,012

1,288 812 913

1,079 1,025 1,004

J
48
4

J
49
5

A
57
29

S
57
6

O
59
8

N
50
8

D J 16
50 43
8
7

F
51
9

M
61
31

A
63
7

M
56
4

J
63
3

J
68
5

A
72
6

S
73
9

O
65
16

M
J
41 122
79 89

J
79
81

A
32
78

S
33
48

O
48
38

N
56
46

D J 16
62 10
55 43

F
85
52

M
67
54

A
90
81

M
67
75

J
50
69

J
91
69

A
S
52 126
64 90

O
91
90

N 13
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
A
S
O
N
D J 16
F M
A M
J
J
A
S
O
422 434 372 423 358 440 416 434 343 433 335 407 412 337 403 467 424 432 466 465 472 447 503 352 477 407 401 486 343 465 488 520 491 469 591 526
409 410 384 407 405 430 398 403 370 392 385 385 384 402 431 441 441 454 468 461 474 434 444 412 428 431 410 431 432 491 500 493 517 529

Price per Sq Ft
3 Mo. Roll Avg

N 13
Sale to List Price
3 Mo. Roll Avg

(000's)

D J 14

D J 15

D J 16

1.049 0.952 0.949 0.937 1.005 0.992 0.951 0.942 0.951 0.955 0.961 0.920 0.941 0.891 0.930 0.922 0.968 0.981 0.977 0.948 0.905 0.931 0.980 0.946 0.941 0.990 0.972 1.027 0.988 0.945 0.988 0.964 0.976 0.975 0.968 0.968
0.983 0.946 0.964 0.978 0.983 0.962 0.948 0.949 0.956 0.945 0.941 0.917 0.921 0.914 0.940 0.957 0.975 0.969 0.943 0.928 0.939 0.952 0.956 0.959 0.968 0.996 0.996 0.987 0.974 0.966 0.976 0.972 0.973 0.970

N 13
8
62
4

New Listings
Inventory
Sales

Avg Sale Price

3 Mo. Roll Avg

F
43
9

J
24
16

D J 14
2
5
49 40
11
5

F
9
43
5

M
20
46
6

A
13
48
9

M
17
54
11

J
12
56
9

J
11
54
9

A
13
51
11

S
9
50
4

O
10
47
6

N
11
47
5

D J 15
7
7
41 36
7
6

F
10
37
7

M
10
41
8

A
22
49
3

M
14
49
11

N 13
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
892 921 875 682 1,011 638 943 754 737 827 781 705 729 1,243 962 780 756 842 1,163
896 826 856 777 864 779 812 773 781 771 738 892 978 995 833 793 920

J
8
48
12

J
15
49
10

1,179 838
1,061 1,060

A
17
57
2

S
12
57
10

O
13
59
7

N
9
50
6

D J 16
9
7
50 43
6
6

F
17
51
6

M
24
61
2

A
S
O
N
D J 16
F M
783 1,077 723 919 632 674 1,178 897
933 899 861 906 758 742 828 916

A
21
63
9

M
20
56
14

J
21
63
24

J
19
68
13

A
13
72
12

S
21
73
8

O
11
65
4

1,033 1,001 1,437 1,082 940 1,088 1,220

1,036 977 1,157 1,173 1,153 1,037 1,083

Sotheby's International Realty is 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 11/1/2013 through 10/31/2016. 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.