MARKET ACTION REPORT November 2010

Nicole Truszkowski
City: Carmel Highlands CIPS, CLHMS, TRC, Broker Associate
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 $3,075,000
Average List Price of all Current Listings $4,099,781
November Median Sales Price $1,600,000 $1,442,625
November Average Sales Price $1,600,000 $1,670,239
Total Properties Currently for Sale (Inventory) 32
November Number of Properties Sold 1 11
November Average Days on Market (Solds) 125 198
Asking Price per Square Foot (based on New Listings) $1,045 $1,005
November Sold Price per Square Foot $460 $674
November Month's Supply of Inventory 32.0 28.3
November Sale Price vs List Price Ratio 94.4% 88.1%
* 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
November Property sales were 1, up from 0 in 2

2
2

2
2
November of 2009 and the same as the 1 sales last
month. November 2010 sales were at their highest 2
level compared to November of 2009 and 2008.
November YTD sales of 11 are running 22.2% ahead 1
1

1
1
1
of last year's year-to-date sales of 9.
1
0
0
0
0
0
0
0
0
0
0
0
0
0

0
0

0
0
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 O N
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 3,900
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in November was 3,400

$1,600,000, up from $0 in November of 2009 and
2,900
up 142.4% from $660,000 last month. The Average
Sales Price in November was $1,600,000, up from 2,400
$0 in November of 2009 and up 142.4% from 1,900
$660,000 last month. November 2010 ASP was at 1,400
the highest level compared to November of 2009 and
900
2008.
400
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 O N
07 08 09 10

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

Inventory & MSI 45
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
November was 32, down 3.0% from 33 last month and 40 35
41
40
40

equal to 32 in November of last year. November 2010 35 30

37

37

Inventory was at its highest level compared with 30

33

33

33
32
32

32

32

25
31

31
29

November of 2009 and 2008. 25

27

20
24

20
15
20

15
A comparatively lower MSI is more beneficial for sellers
15

10 10
12

while a higher MSI is better for buyers. The November

11
10

5 5
8

2010 MSI of 32.0 months was at its highest level

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

compared with November of 2009 and 2008. 0 0

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 O N
07 08 09 10

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
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 November 2010
Nicole Truszkowski
City: Carmel Highlands CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family
www.EstatesofCarmel.com

Days On Market for Sold Properties

Market Time 700
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
days the average Property is on the market before it 600
sells. An upward trend in DOM tends to indicate a 500
move towards more of a Buyer's market, a downward 400
trend a move towards more of a Seller's market. The
DOM for November was 125, down 82.0% from 695 300
days last month and up from 0 days in November of 200 125
last year. The November 2010 DOM was at its lowest
100
level compared with November of 2009 and 2008.
0
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 O N
07 08 09 10

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

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
600 460
indicator on the direction of Property values. The
November 2010 Selling Price per Square Foot of $460 400
was down 0.6% from $463 last month and up from 0 in
200
November of last year. 0 0
0
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 O N
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 94.4%
95%
The Selling Price vs Original Listing Price reveals the
average amount that Sellers are agreeing to come down
90%
from their original list price. The lower the ratio is
below 100% the more of a Buyer's market exists, a ratio 85%
at or above 100% indicates more of a Seller's market.
The November 2010 Selling Price vs Original List Price 80%
of 94.4% was up from 73.6% last month and up from
0.0% in November of last year. 75%

70%
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 O N
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
40

inventory of Properties for sale along with New Listings 35

37

37

and Sales. The graph shows the basic annual 30

33

33

33
32
32

32

32
31

31
29

seasonality of the market as well as the relationship 25

27

between these items. The number of New Listings in

24

20
20

November 2010 was 3, equal to 3 last month and up 15

50.0% from 2 in November of last year.
15

10
12
11
10

5
8
2
2
2
2
2
2
2
2
4
5
6
6
6

0
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 O N
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
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 November 2010
Nicole Truszkowski
City: Carmel Highlands CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family
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 November 2010 was 3, equal
to 3 last month and up 50.0% from 2 in November of last year.

45 Inventory New Listings Sales

40

41

40

40
37

37
35

33

33

33
32

32

32

32
30

31

31
29
27
25

24
20
20
15
15
12

10
11
10
8

8
5
6

6
6

6
1 5

5
24

4
3

3
2

2
2

2
2
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

0
1
0
0
0
1
0
2
1

2
2
0
2
2

1
0
D J 08 F 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
07

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
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.