MARKET ACTION REPORT

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

City: Carmel Valley

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

Month
$1,275,000 $2,379,275 $775,000 $863,556 95 27 84 $478 $402 3.5 96.9%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$689,500 $762,029 100 98 $525 $367 4.6 95.4%

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
May Property sales were 27, up 17.4% from 23 in May of 2012 and 12.5% higher than the 24 sales last month. May 2013 sales were at their highest level compared to May of 2012 and 2011. May YTD sales of 100 are running 29.9% ahead of last year's yearto-date sales of 77.

35 30 25 20 15 10 0 5

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 M A M 10 11 12 13

Prices
The Median Sales Price in May was $775,000, up 66.0% from $467,000 in May of 2012 and up 20.7% from $642,000 last month. The Average Sales Price in May was $863,556, up 43.3% from $602,609 in May of 2012 and up 18.8% from $727,146 last month. May 2013 ASP was at the highest level compared to May of 2012 and 2011.

(000's)

1,300 1,100 900 700 500 300

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 M A M 10 11 12 13

Inventory & MSI

The Total Inventory of Properties available for sale as of May was 95, up 26.7% from 75 last month and down 19.5% from 118 in May of last year. May 2013 Inventory was at its lowest level compared with May of 2012 and 2011.

250 200 150 100

194 185 185 170 161 149 126 130 127 118 126 129 150 150 143 126 121 116 107 107 107 99 106 118 125 121 121 112 107 99 87 84 86 82 75 95

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2013 MSI of 3.5 months was at its lowest level compared with May of 2012 and 2011.

50 0

Copyright Sothebys 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. 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.

24 19 10 15 20 15 20 12 11 19 16 17 11 17 13 21 19 12 16 12 18 5 19 23 11 18 32 16 14 16 15 15 13 21 24 27

Median Sales Price and Average Sales Price

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

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

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

25 20 15 10 5 0

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 M A M 10 11 12 13

MARKET ACTION REPORT

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

City: Carmel Valley

Price Range: All | Properties: Single Family - 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 May was 84, down 2.3% from 86 days last month and down 17.6% from 102 days in May of last year. The May 2013 DOM was at its lowest level compared with May of 2012 and 2011.

250 200 150 100 50 0

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

3 Mo Avg

128 102 84

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 M A M 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 May 2013 Selling Price per Square Foot of $402 was up 11.4% from $361 last month and up 37.6% from 292 in May of last year.

500 450

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

3 Mo Avg

402

400
346

350 300 250

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 M A M 10 11 12 13 292

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 May 2013 Selling Price vs Original List Price of 96.9% was down from 98.0% last month and up from 96.4% in May of last year.

104% 102% 100% 98% 96% 94% 92% 90% 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 M A M 10 11 12 13 92.2% 96.4% 96.9%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

250

Inventory

New Listings

Sales

This last view of the market combines monthly 200 inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual 150 seasonality of the market as well as the relationship between these items. The number of New Listings in 100 May 2013 was 44, up 76.0% from 25 last month and up 22.2% from 36 in May of last year. 50 0

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 M A M 10 11 12 13

Copyright Sothebys 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. 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.

194 185 185 170 161 149 126 130 127 118 126 129 150 150 143 126 121 116 107 107 107 99 106 118 125 121 121 112 107 99 87 84 86 82 75 95

Inventory / Listings / Sales

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

City: Carmel Valley

Price Range: All | Properties: Single Family - 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 May 2013 was 44, up 76.0% from 25 last month and up 22.2% from 36 in May of last year. 250

Inventory

New Listings

Sales

200
194 185 185

170

150

149

150

150

161

130

126

127

126

129

143 126

121

125

121

118

116

118

121

107

107

107

99

106

107

100

112

99

87

84

86

82

50
45 24 30 19 32 10 23 15 17 20 23 15 11 20 34 12 24 11 26 19 33 16 25 17 39 11 26 17 25 13 13 21 19 19 23 12 15 16 26 12 22 18 17 5 32 19 36 23 32 11 28 18 19 32 16 16 22 14 11 16 8 15 25 15 30 13 27 21 25 24 44 27

0
J 10 J A S O N D J 11 F M A M 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

Copyright Sothebys 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. 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.

75

95