MARKET ACTION REPORT

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

City: Carmel Valley

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

Month
$1,295,000 $2,300,287 $622,500 $791,750 95 12 99 $480 $397 7.9 99.5%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$687,000 $765,213 112 98 $516 $370 5.1 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
June Property sales were 12, up 9.1% from 11 in June of 2012 and 55.6% lower than the 27 sales last month. June 2013 sales were at their highest level compared to June of 2012 and 2011. June YTD sales of 112 are running 27.3% ahead of last year's year-to-date sales of 88.

35 30 25 20 15 10 0
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 J 10 11 12 13
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 12 (000's)

Median Sales Price and Average Sales Price

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

Prices
The Median Sales Price in June was $622,500, down 27.1% from $853,365 in June of 2012 and down 19.7% from $775,000 last month. The Average Sales Price in June was $791,750, down 13.9% from $919,215 in June of 2012 and down 8.3% from $863,556 last month. June 2013 ASP was at a mid range compared to June of 2012 and 2011.

1,300 1,100 900 700 500 300

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 J 10 11 12 13

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

Inventory & MSI

The Total Inventory of Properties available for sale as of June was 95, down 4.0% from 99 last month and down 24.0% from 125 in June of last year. June 2013 Inventory was at its lowest level compared with June of 2012 and 2011. 200 180 160 140 120 100 80 60 40 20 0

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

25
185 185 170 161 149

20
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 76 99 95

15 10 5 0

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2013 MSI of 7.9 months was at its lowest level compared with June of 2012 and 2011.

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 J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - 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.

MARKET ACTION REPORT

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

City: Carmel Valley

Price Range: All | Properties: SFH - 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 June was 99, up 17.9% from 84 days last month and up 8.8% from 91 days in June of last year. The June 2013 DOM was at a mid level compared with June of 2012 and 2011.

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

3 Mo Avg

250 200 150 100 50 0

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 J 10 11 12 13 91 66 99

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 June 2013 Selling Price per Square Foot of $397 was down 1.3% from $402 last month and up 17.8% from 337 in June of last year.

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

3 Mo Avg

500 450
397

400 350 300 250

368 337

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 J 10 11 12 13

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 June 2013 Selling Price vs Original List Price of 99.5% was up from 96.9% last month and up from 97.5% in June of last year.

104% 102% 100% 98% 96% 94% 92% 90% 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 J 10 11 12 13 93.0% 97.5% 99.5%

Inventory / New Listings / Sales

200 Inventory / New Listings / Sales 180 This last view of the market combines monthly inventory of Properties for sale along with New Listings 160 140 and Sales. The graph shows the basic annual 120 seasonality of the market as well as the relationship 100 between these items. The number of New Listings in June 2013 was 28, down 36.4% from 44 last month and 80 60 down 12.5% from 32 in June of last year. 40 20 0
Inventory
185 185 170 161 149

New Listings

Sales

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 J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - 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.

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 76 99 95

Inventory / Listings / Sales

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

City: Carmel Valley

Price Range: All | Properties: SFH - 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 June 2013 was 28, down 36.4% from 44 last month and down 12.5% from 32 in June of last year. 200
185 185

Inventory

New Listings

Sales

180 160 140 120 100 80 60

170

161

150

149

150

130

126

127

126

129

143 126

121

125

121

118

116

118

121

107

107

107

112

99

106

107

99

99 87 84 86 82 D J 13 F M 76 A M

10 23 15 17 20 23 15 11 20

19

12

0
J 10 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 J

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - 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.

11

24

20

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 28 12

40
30 32 34

95