MARKET ACTION REPORT March 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 $539,000
Average List Price of all Current Listings $628,925
March Median Sales Price $449,000 $391,000
March Average Sales Price $540,925 $431,429
Total Properties Currently for Sale (Inventory) 117
March Number of Properties Sold 16 42
March Average Days on Market (Solds) 124 100
Asking Price per Square Foot (based on New Listings) $383 $347
March Sold Price per Square Foot $346 $330
March Month's Supply of Inventory 7.3 9.8
March Sale Price vs List Price Ratio 101.7% 96.1%
* 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
March Property sales were 16, up 23.1% from 13 in

22
20

21

21
20

20
March of 2010 and 11.1% lower than the 18 sales last 19

19

19
18

18
17

17
month. March 2011 sales were at their highest level 15

16
15
14

14

14

14
compared to March of 2010 and 2009. March YTD

13

13
12

12

12

12
sales of 42 are running 27.3% ahead of last year's year- 10
10

10
9

9
to-date sales of 33.
8

8
7
5
6

5
3

0
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 M
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 800
The Median Sales Price in March was $449,000,
700
down 0.2% from $450,000 in March of 2010 and up
45.8% from $307,950 last month. The Average Sales 600
Price in March was $540,925, down 4.5% from 500
$566,248 in March of 2010 and up 74.1% from
$310,778 last month. March 2011 ASP was at a mid 400
range compared to March of 2010 and 2009. 300
200
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 M
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
180 40
The Total Inventory of Properties available for sale as of
160
168

March was 117, down 1.7% from 119 last month and down 35
159
151

140
149

147

4.1% from 122 in March of last year. March 2011

145

30
143
142
140

139

139
137

136
131
130

120
129

Inventory was at a mid level compared with March of

128
127
123

123

25
122
122
120

119
117
114

114

114
111

111

111

2010 and 2009. 100

109

109

108
101

20
98

80
15
60
A comparatively lower MSI is more beneficial for sellers 10
40
while a higher MSI is better for buyers. The March 2011
20 5
MSI of 7.3 months was at its lowest level compared with
March of 2010 and 2009. 0 0
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 M
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 March 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
days the average Property is on the market before it 200
sells. An upward trend in DOM tends to indicate a move
towards more of a Buyer's market, a downward trend a 150 124
move towards more of a Seller's market. The DOM for 91
102
March was 124, up 79.7% from 69 days last month and 100
up 21.6% from 102 days in March of last year. The
March 2011 DOM was at a mid level compared with 50
March of 2010 and 2009.
0
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 M
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
452
Price and Average Sales price can be impacted by the
450
'mix' of high or low end Properties in the market, the 398
selling price per square foot is a more normalized 400
indicator on the direction of Property values. The 346
March 2011 Selling Price per Square Foot of $346 was 350
up 8.0% from $320 last month and down 23.5% from
300
452 in March of last year.
250
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 M
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
105%
101.7%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the
100%
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is
94.7%
below 100% the more of a Buyer's market exists, a ratio
95%
at or above 100% indicates more of a Seller's market.
The March 2011 Selling Price vs Original List Price of 90.6%
101.7% was up from 96.2% last month and up from 90%
94.7% in March of last year.

85%
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 M
08 09 10 11

Inventory / New Listings / Sales

Inventory / New Listings / Sales 180 Inventory New Listings Sales
160
168

This last view of the market combines monthly

159
151

140
149

inventory of Properties for sale along with New Listings

147

145
143
142
140

139

139
137

136
131

120
130

and Sales. The graph shows the basic annual

129
128
127
123

123
122
122
120

119
117
114

114

114

seasonality of the market as well as the relationship

111

111

111

100
109

109

108
101
98

between these items. The number of New Listings in 80

March 2011 was 25, down 30.6% from 36 last month 60
and down 26.5% from 34 in March of last year. 40
20
0
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 M
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 March 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 March 2011 was 25, down
30.6% from 36 last month and down 26.5% from 34 in March of last year.

180 Inventory New Listings Sales

168

160
159
151
149

147
140

145
143
142
140

139

139
137

136
131
130

129
128
120 127
123

123
122
122
120

119
117
114

114

114
111

111

111
109

109

108
100

101
98

80

60
46

40

41
36

36

36

36
34

34
32

32
31
30

29

29

29
28

28

28

28
27
26

26

20
25

25
24

24

24
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23

22
21

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21
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20
19

19

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18

18
17

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16
15

15

15
14

14

14

14

14
13

13
12

12

12

12
10

10
9

9
8

8
6

0
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 M
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.