MARKET ACTION REPORT February 2011

Nicole Truszkowski
City: Big Sur Coast 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 $2,495,000
Average List Price of all Current Listings $3,034,564
February Median Sales Price $430,000 $430,000
February Average Sales Price $430,000 $430,000
Total Properties Currently for Sale (Inventory) 42
February Number of Properties Sold 1 1
February Average Days on Market (Solds) 95 95
Asking Price per Square Foot (based on New Listings) $1,169 $2,014
February Sold Price per Square Foot $672 $672
February Month's Supply of Inventory 42.0 42.0
February Sale Price vs List Price Ratio 86.2% 86.2%
* 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

3
Property Sales
February Property sales were 1, up from 0 in 2

2
February of 2010 and higher than the 0 sales last
month. February 2011 sales were at their highest 2
level compared to February of 2010 and 2009.
February YTD sales of 1 are running 50.0% behind 1 1

1
1

1
last year's year-to-date sales of 2.
1
0
0
0
0
0
0
0
0
0
0
0
0

0
0
0
0
0
0
0

0
0
0

0
0

0
0
0
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

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices
The Median Sales Price in February was $430,000, 5,300
up from $0 in February of 2010 and up from $0 last
4,300
month. The Average Sales Price in February was
$430,000, up from $0 in February of 2010 and up 3,300
from $0 last month. February 2011 ASP was at the
2,300
highest level compared to February of 2010 and
2009. 1,300

300
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 MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
50 50
The Total Inventory of Properties available for sale as of
45 45
47

46

February was 42, equal to 42 last month and up 20.0%

45

45

45
44

40 40
42

42
42

from 35 in February of last year. February 2011 Inventory

40
38
38

35 35
37
36

was at its highest level compared with February of 2010

35
34

30 30
and 2009.
29
29

25 25
25

20 20
18

15 15
17
17

A comparatively lower MSI is more beneficial for sellers

16
16

10 10
12

while a higher MSI is better for buyers. The February

10
10
10
8

5 5
7
7

2011 MSI of 42.0 months was at its highest level

6
5
3
3
4

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: Big Sur Coast 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 450
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
400
days the average Property is on the market before it
350
sells. An upward trend in DOM tends to indicate a move
300
towards more of a Buyer's market, a downward trend a
250
move towards more of a Seller's market. The DOM for
February was 95, up from 0 days last month and up 200
from 0 days in February of last year. The February 2011 150 95
DOM was at its lowest level compared with February of 100
2010 and 2009. 50
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 Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for 2,500
the direction of Property values. Since Median Sales
2,000
Price and Average Sales price can be impacted by the
'mix' of high or low end Properties in the market, the
1,500
selling price per square foot is a more normalized
indicator on the direction of Property values. The 1,000 672
February 2011 Selling Price per Square Foot of $672 was
up from $0 last month and up from 0 in February of 500
last year. 0 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

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
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 86.2%
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 February 2011 Selling Price vs Original List Price of 80%
86.2% was up from 0.0% last month and up from 0.0%
in February of last year. 75%

70%
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 50 Inventory New Listings Sales
45
47

This last view of the market combines monthly

46
45

45

45
44

40
42

42
42

inventory of Properties for sale along with New Listings

40
38
38

35
37

and Sales. The graph shows the basic annual

36

35
34

seasonality of the market as well as the relationship 30

29
29

25
between these items. The number of New Listings in
25

20
February 2011 was 3, up 50.0% from 2 last month and
18

15
17
17
16
16

down 25.0% from 4 in February of last year.

10
12
10
10
10
8

5
7
7
6
5
3
3
4

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: Big Sur Coast 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 3, up
50.0% from 2 last month and down 25.0% from 4 in February of last year.

50 Inventory New Listings Sales

47
45

46
45

45

45
44
42

42

42
40

40
38
38
37
35

36

35
34
30

29
29
25
25
20
18
17
17

15
16
16
12

10
10

10
10

8
8

7
7

6
6
1 5

4
1 4

3
03

03
0

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

1
0
0
1
0
0
0
1
0

0
2
0

0
2
2

1
2
1

0
2
0

1
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.