MARKET ACTION REPORT September 2010

Nicole Truszkowski
City: Carmel Highlands CIPS,CLHMS,TRC
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 $3,495,000 3% -12%
Average List Price of all Current Listings $4,033,389 1% 4%
September Median Sales Price $2,800,000 75% 490% 82% $1,442,625 -13% -6%
September Average Sales Price $2,800,000 25% 490% 20% $1,790,292 -25% -23%
Total Properties Currently for Sale (Inventory) 36 -8% 16%
September Number of Properties Sold 1 0% 9 29%
September Average Days on Market (Solds) 387 182% #### 167% 151 148% 4%
Asking Price per Square Foot (based on New Listings) $609 -33% -41% -42% -42% $991 -13% -6%
September Sold Price per Square Foot $1,256 43% 209% 67% $722 -7% -4%
September Month's Supply of Inventory 36.0 29% 16% 140% 26.8 80% 78%
September Sale Price vs List Price Ratio 93.5% 9.4% -2.5% 8.5% 88.2% 7.2% 2.4%
* 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

3
Property Sales
September Property sales were 1, equal to 1 in 2

2
2

2
2
September of 2009 and higher than the 0 sales last
month. September 2010 sales were at their highest 2
level compared to September of 2009 and 2008.
September YTD sales of 9 are running 28.6% ahead 1

1
of last year's year-to-date sales of 7.
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0

0
0
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 A S
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 3,900
The Median Sales Price in September was 3,400
$2,800,000, up 489.6% from $474,900 in
2,900
September of 2009 and up from $0 last month.
The Average Sales Price in September was 2,400
$2,800,000, up 489.6% from $474,900 in 1,900
September of 2009 and up from $0 last month. 1,400
September 2010 ASP was at the highest level 900
compared to September of 2009 and 2008.
400
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 A S
07 08 09 10

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

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
45 40
The Total Inventory of Properties available for sale as of
September was 36, down 7.7% from 39 last month and up 40 35
41
40
39

35
37

16.1% from 31 in September of last year. September 2010 30

36
33

33

Inventory was at its highest level compared with 30

32
32

32
31

31

25
29

September of 2009 and 2008. 25

27

20
24

20
20

15
15
15

A comparatively lower MSI is more beneficial for sellers 10

10
12
11

while a higher MSI is better for buyers. The September

10

5
8

2010 MSI of 36.0 months was at its highest level 5

6
6
6
5
4
1
1
2
2
2
2
2
2
2
2

compared with September of 2009 and 2008. 0 0

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 A S
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of Re
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 September 2010
Nicole Truszkowski
City: Carmel Highlands CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: All | Properties: Single Family
www.estatesofcarmel.com

Days On Market for Sold Properties

Market Time 400
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
387
The average Days On Market (DOM) shows how many
350
days the average Property is on the market before it
sells. An upward trend in DOM tends to indicate a move 300
towards more of a Buyer's market, a downward trend a 250
move towards more of a Seller's market. The DOM for 200
September was 387, up from 0 days last month and up 150
3418.2% from 11 days in September of last year. The
100
September 2010 DOM was at a mid level compared with
50 11
September of 2009 and 2008.
0
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 A S
07 08 09 10

Selling Price per Square Foot

Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot 1256
The Selling Price per Square Foot is a great indicator for 1,200
the direction of Property values. Since Median Sales
1,000
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the 800
selling price per square foot is a more normalized
indicator on the direction of Property values. The 600
406
September 2010 Selling Price per Square Foot of $1,256 400
was up from $0 last month and up 209.3% from 406 in
September of last year. 200
0
0
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 A S
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price 98% 95.9%
The Selling Price vs Original Listing Price reveals the 96%
93.5%
average amount that Sellers are agreeing to come down 94%
from their original list price. The lower the ratio is 92%
below 100% the more of a Buyer's market exists, a ratio
90%
at or above 100% indicates more of a Seller's market.
88%
The September 2010 Selling Price vs Original List Price
of 93.5% was up from 0.0% last month and down from 86%
95.9% in September of last year. 84%
82%
80%
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 A S
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 45 Inventory New Listings Sales
This last view of the market combines monthly 40
41
40
39

35
37

inventory of Properties for sale along with New Listings

36
33

33

and Sales. The graph shows the basic annual 30

32
32

32
31

31
29

seasonality of the market as well as the relationship 25

27
24

between these items. The number of New Listings in 20

20

September 2010 was 3, down 25.0% from 4 last month 15

15

and down 25.0% from 4 in September of last year. 10

12
11
10
8

5
6
6
6
5
4
1
1
2
2
2
2
2
2
2
2

0
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 A S
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San
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 September 2010
Nicole Truszkowski
City: Carmel Highlands CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
www.estatesofcarmel.com
Price Range: All | Properties: Single Family

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 September 2010 was 3,
down 25.0% from 4 last month and down 25.0% from 4 in September of last year.

45 Inventory New Listings Sales

40

41

40
39
37
35

36
33

33
32
32

32
30

31

31
29
27
25

24
20

20
15 15
12

10
11
10

8
8

6
6
6

5
5

4
0 4

3
2

2
2

2
2

2
2

2
2
2

2
1

1
0
0
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1
0
1
0
0
0
1
0

1
0
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 A S
07 08 09 10

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of
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.