MARKET ACTION REPORT October 2010

Nicole Truszkowski
City: Pacific Grove 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 $679,250
Average List Price of all Current Listings $871,258
October Median Sales Price $630,000 $635,000
October Average Sales Price $706,444 $711,895
Total Properties Currently for Sale (Inventory) 94
October Number of Properties Sold 9 110
October Average Days on Market (Solds) 49 79
Asking Price per Square Foot (based on New Listings) $560 $517
October Sold Price per Square Foot $598 $473
October Month's Supply of Inventory 10.4 8.9
October Sale Price vs List Price Ratio 94.3% 93.6%
* 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

20
Property Sales 18
October Property sales were 9, down 50.0% from 18

18
16

17

17
16
in October of 2009 and 10.0% lower than the 10 sales 14

15
14

14
last month. October 2010 sales were at a mid level 12

12
compared to October of 2009 and 2008. October 10 11

11

10

10

10

10
YTD sales of 110 are running 15.8% ahead of last 8
9

9
8

8
6
7

7
year's year-to-date sales of 95.
6
6
6
6

6
6

6
4
5

5
2
0 3

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 J A S O
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 1,200
Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in October was $630,000, 1,100

down 16.8% from $757,500 in October of 2009 and
1,000
up 4.8% from $601,250 last month. The Average
Sales Price in October was $706,444, down 15.7% 900
from $838,173 in October of 2009 and up 15.1% from 800
$613,800 last month. October 2010 ASP was at a 700
mid range compared to October of 2009 and 2008.
600
500
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 J A S O
07 08 09 10

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

Inventory & MSI 140
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
30
The Total Inventory of Properties available for sale as of
October was 94, down 2.1% from 96 last month and up 120 25
120

23.7% from 76 in October of last year. October 2010

113

100
110
109

109
108

Inventory was at a mid level compared with October of 20

102

102
102
102
100

96
94
93

93
91

2009 and 2008. 80

89

89

89
88

86
85
82

82

82
81

15
80

80
79

79

78
76
71

60
66
64
58

10
A comparatively lower MSI is more beneficial for sellers 40
while a higher MSI is better for buyers. The October 2010 20 5
MSI of 10.4 months was at a mid level compared with
October of 2009 and 2008. 0 0
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 J A S O
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 October 2010
Nicole Truszkowski
City: Pacific Grove 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 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
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
89
DOM for October was 49, down 55.5% from 110 days 70
last month and down 44.9% from 89 days in October of 49
last year. The October 2010 DOM was at its lowest level
compared with October of 2009 and 2008.

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

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 598
selling price per square foot is a more normalized 576
547
indicator on the direction of Property values. The
October 2010 Selling Price per Square Foot of $598 was
up 30.9% from $457 last month and up 9.2% from 547
in October of last year.

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 96.8%
at or above 100% indicates more of a Seller's market. 95.4%
The October 2010 Selling Price vs Original List Price of 94.3%
94.3% was down from 94.7% last month and down from
96.8% in October of last year.

Inventory / New Listings / Sales

Inventory / New Listings / Sales 140 Inventory New Listings Sales

This last view of the market combines monthly 120

120

inventory of Properties for sale along with New Listings

113

100
110
109

109
108

and Sales. The graph shows the basic annual

102

102
102
102
100

96
94
93

93

80
91

seasonality of the market as well as the relationship

89

89

89
88

86
85
82

82

82
81
80

80
79

79

78
76

between these items. The number of New Listings in 60

71

66
64

October 2010 was 15, up 25.0% from 12 last month and

58

equal to 15 in October of last year. 40

20
0
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 J A S O
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 October 2010
Nicole Truszkowski
City: Pacific Grove 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 October 2010 was 15, up
25.0% from 12 last month and equal to 15 in October of last year.

140 Inventory New Listings Sales

120
120
113

110
109

109
108

100
102

102
102
102
100

96
94
93

93
91
89

89

89
88

86
80

85
82

82

82
81
80

80
79

79

78
76
71

66
60

64
58
40

32
28
27
26

26

26

26
20
24

22

22

21
20

20

20

20

20

20
19

19
18

18
17

17

17
16
16

16

16
15

15

15

15

15
14
14

14
13

13

13
12

12
12
11

11

10

10

10

10
9

9
6

8
7

6
0
N 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
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.