MARKET ACTION REPORT February 2011

Nicole Truszkowski
City: Carmel CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family - Condo - TwnHm 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 $1,422,444
Average List Price of all Current Listings $2,100,576
February Median Sales Price $1,059,000 $917,500
February Average Sales Price $1,280,903 $1,104,522
Total Properties Currently for Sale (Inventory) 158
February Number of Properties Sold 18 34
February Average Days on Market (Solds) 73 118
Asking Price per Square Foot (based on New Listings) $782 $839
February Sold Price per Square Foot $690 $629
February Month's Supply of Inventory 8.8 9.2
February Sale Price vs List Price Ratio 94.9% 92.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / 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

30
Property Sales

28
February Property sales were 18, up 63.6% from 11 in 25
February of 2010 and 12.5% higher than the 16 sales
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last month. February 2011 sales were at their highest

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level compared to February of 2010 and 2009. 15
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February YTD sales of 34 are running 70.0% ahead of
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last year's year-to-date sales of 20.

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0
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 O N D J F
08 09 10 11

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices Median means Middle (the same # of properties sold above and below the Median)
2,100
The Median Sales Price in February was $1,059,000,
down 18.5% from $1,300,000 in February of 2010 1,900
and up 38.0% from $767,500 last month. The 1,700
Average Sales Price in February was $1,280,903, 1,500
down 16.1% from $1,526,727 in February of 2010 and 1,300
up 41.4% from $906,094 last month. February 2011 1,100
ASP was at the lowest level compared to February of
900
2010 and 2009.
700
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 O N D J F
08 09 10 11

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

Inventory & MSI 250
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
40
The Total Inventory of Properties available for sale as of
February was 158, up 2.6% from 154 last month and down 35
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1.3% from 160 in February of last year. February 2011

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Inventory was at its lowest level compared with February

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of 2010 and 2009.

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A comparatively lower MSI is more beneficial for sellers 10
while a higher MSI is better for buyers. The February 50
5
2011 MSI of 8.8 months was at its lowest level compared
with February of 2010 and 2009. 0 0
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 O N D J F
08 09 10 11

Copyright © Sotheby’s 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. Sotheby’s 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 consumer’s real estate transaction.
MARKET ACTION REPORT February 2011
Nicole Truszkowski
City: Carmel CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family - Condo - TwnHm
www.EstatesofCarmel.com

Days On Market for Sold Properties

Market Time Average Days on Market (Listing to Contract) for properties sold 188
during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 190
days the average Property is on the market before it 170
sells. An upward trend in DOM tends to indicate a
150
move towards more of a Buyer's market, a downward
trend a move towards more of a Seller's market. The 130
DOM for February was 73, down 57.1% from 170 days 110 96
last month and down 61.2% from 188 days in February 90 73
of last year. The February 2011 DOM was at its lowest
70
level compared with February of 2010 and 2009.
50
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 O N D J F
08 09 10 11

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot Average Selling Price per Square Foot for properties that sold during the month
1090
The Selling Price per Square Foot is a great indicator for 1,100
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 900
selling price per square foot is a more normalized
800 738
indicator on the direction of Property values. The 690
February 2011 Selling Price per Square Foot of $690 700
was up 22.1% from $565 last month and down 6.5%
600
from 738 in February of last year.
500
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 O N D J F
08 09 10 11

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%
The Selling Price vs Original Listing Price reveals the 96% 94.8% 94.9%
average amount that Sellers are agreeing to come down 94%
91.4%
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 February 2011 Selling Price vs Original List Price of
94.9% was up from 91.3% last month and up from 86%
94.8% in February of last year. 84%
82%
80%
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 O N D J F
08 09 10 11

Inventory / New Listings / Sales

Inventory / New Listings / Sales 250 Inventory New Listings Sales

This last view of the market combines monthly

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inventory of Properties for sale along with New Listings

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and Sales. The graph shows the basic annual

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seasonality of the market as well as the relationship

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between these items. The number of New Listings in

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February 2011 was 36, equal to 36 last month and down
20.0% from 45 in February of last year.
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0
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 O N D J F
08 09 10 11
Copyright © Sotheby’s 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. Sotheby’s 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 consumer’s real estate transaction.
Inventory / Listings / Sales February 2011
Nicole Truszkowski
City: Carmel CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family - Condo - TwnHm
www.EstatesofCarmel.com

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 February 2011 was 36, equal
to 36 last month and down 20.0% from 45 in February of last year.

250 Inventory New Listings Sales

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M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F
08

Copyright © Sotheby’s 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. Sotheby’s 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 consumer’s real estate transaction.