MARKET ACTION REPORT February 2011

Nicole Truszkowski
City: Monterey 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 $559,900
Average List Price of all Current Listings $695,105
February Median Sales Price $313,400 $366,610
February Average Sales Price $319,412 $372,048
Total Properties Currently for Sale (Inventory) 109
February Number of Properties Sold 17 25
February Average Days on Market (Solds) 61 81
Asking Price per Square Foot (based on New Listings) $318 $337
February Sold Price per Square Foot $323 $322
February Month's Supply of Inventory 6.4 10.5
February Sale Price vs List Price Ratio 96.0% 96.3%
* 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

25
Property Sales
February Property sales were 17, up 112.5% from 8 in 20

22
21

21
20

20
February of 2010 and 112.5% higher than the 8 sales
19

19

19
18
last month. February 2011 sales were at their highest 15

17

17

17
15
level compared to February of 2010 and 2009.
14

14

14

14
13

13

13
10
12

12

12

12
February YTD sales of 25 are running 25.0% ahead of
10

10
9

9
last year's year-to-date sales of 20.
8

8
5
7
6

5
3

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 800
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in February was $313,400,

700
down 34.7% from $480,000 in February of 2010 and
down 32.5% from $464,500 last month. The Average 600
Sales Price in February was $319,412, down 38.4% 500
from $518,875 in February of 2010 and down 34.0%
from $483,900 last month. February 2011 ASP was 400
at the lowest level compared to February of 2010 and 300
2009.
200
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 180
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
160 35
168

February was 109, down 6.0% from 116 last month and
159

140
151

down 10.7% from 122 in February of last year. February 30

149

147
143
142

142

142
140

139
137
137

2011 Inventory was at its lowest level compared with 120

132
131
130

128
127

25
124
123

122
122
120

116

February of 2010 and 2009. 100

114

114

114
111

111

111
109

109

109
108

20
101
98

80
15
60
A comparatively lower MSI is more beneficial for sellers 10
40
while a higher MSI is better for buyers. The February
20 5
2011 MSI of 6.4 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: Monterey 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 250
Average Days on Market (Listing to Contract) for properties sold 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 200
sells. An upward trend in DOM tends to indicate a
141
move towards more of a Buyer's market, a downward 150
trend a move towards more of a Seller's market. The
DOM for February was 61, down 50.8% from 124 days 100
61
last month and down 56.7% from 141 days in February
of last year. The February 2011 DOM was at its lowest 50
level compared with February of 2010 and 2009.
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

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 550
Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for

the direction of Property values. Since Median Sales 500
Price and Average Sales price can be impacted by the 446
450
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized 400 381
indicator on the direction of Property values. The
February 2011 Selling Price per Square Foot of $323 was 350 323
up 0.9% from $320 last month and down 27.5% from
300
446 in February of last year.
250
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
99%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 97% 96.0%
average amount that Sellers are agreeing to come down
95% 93.8%
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio 93%
at or above 100% indicates more of a Seller's market. 90.1%
91%
The February 2011 Selling Price vs Original List Price of
96.0% was up from 95.6% last month and up from 89%
90.1% in February of last year.
87%

85%
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 180 Inventory New Listings Sales

This last view of the market combines monthly 160

168
159

inventory of Properties for sale along with New Listings 140

151
149

147
143
142

142

142
140

139
137
137

and Sales. The graph shows the basic annual 120

132
131
130

128
127

124
123

122
122
120

116

seasonality of the market as well as the relationship 100

114

114

114
111

111

111
109

109

109
108
101
98

between these items. The number of New Listings in 80

February 2011 was 36, up 50.0% from 24 last month 60
and up 12.5% from 32 in February of last year. 40
20
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: Monterey 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, up
50.0% from 24 last month and up 12.5% from 32 in February of last year.

180 Inventory New Listings Sales

168

160
159
151
149

147
140
143
142

142

142
140

139
137
137

132
131
130

128
127
120

124
123

122
122
120

116
114

114

114
111

111

111
109

109

109
108
100

101
80 98

60

40
46

41
36

36

36

36
34

34
32

32
31

31
30

29

29

29
28

28

28

28
27

20
26

26

25
24

24

24
23

23

22
21

21

21
21
20

20

20
19

19

19
18

17

17

17
15

15

15
13

10

14

12

10

12

14

14

14

12

13

13

12

14
9

8
0
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.