MARKET ACTION REPORT

May 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel Highlands

Price Range: All | Properties: Single Family - Condo - TwnHm

Trending versus*:

Trending versus*:
LY

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings May Median Sales Price May Average Sales Price Total Properties Currently for Sale (Inventory) May Number of Properties Sold May Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) May Sold Price per Square Foot May Month's Supply of Inventory May Sale Price vs List Price Ratio

Month
$4,350,000 $4,707,550 $1,987,500 $2,208,750 20 4 188 $865 $825 5.0 91.1%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$1,350,000 $2,219,206 17 194 $1,121 $613 8.5 88.3%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
May Property sales were 4, up 300.0% from 1 in May of 2012 and 20.0% lower than the 5 sales last month. May 2013 sales were at their highest level compared to May of 2012 and 2011. May YTD sales of 17 are running 183.3% ahead of last year's year-todate sales of 6.

6 5 4 3 2 1 0

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Prices
The Median Sales Price in May was $1,987,500, down 15.4% from $2,350,000 in May of 2012 and up 47.2% from $1,350,000 last month. The Average Sales Price in May was $2,208,750, down 6.0% from $2,350,000 in May of 2012 and up 9.9% from $2,010,600 last month. May 2013 ASP was at the lowest level compared to May of 2012 and 2011.

(000's)

9,600 8,600 7,600 6,600 5,600 4,600 3,600 2,600 1,600 600
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Inventory & MSI

The Total Inventory of Properties available for sale as of May was 20, down 9.1% from 22 last month and down 37.5% from 32 in May of last year. May 2013 Inventory was at its lowest level compared with May of 2012 and 2011.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2013 MSI of 5.0 months was at its lowest level compared with May of 2012 and 2011.

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Copyright Sothebys 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. Sothebys 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 consumers real estate transaction.

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Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

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

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

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MARKET ACTION REPORT

May 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel Highlands

Price Range: All | Properties: Single Family - Condo - TwnHm

Days On Market for Sold Properties

Market Time
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 DOM for May was 188, down 27.4% from 259 days last month and down 43.2% from 331 days in May of last year. The May 2013 DOM was at its lowest level compared with May of 2012 and 2011.

700 600 500 400 300 200 100 0

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

331 188

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Selling Price per Square Foot

Selling Price per Square Foot

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 selling price per square foot is a more normalized indicator on the direction of Property values. The May 2013 Selling Price per Square Foot of $825 was up 70.7% from $483 last month and up 23.3% from 669 in May of last year. 2,250 1,750 1,250 750 250

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

669

825

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Selling Price versus Listing Price Ratio

100%
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 at or above 100% indicates more of a Seller's market. The May 2013 Selling Price vs Original List Price of 91.1% was up from 87.6% last month and up from 84.7% in May of last year.

95% 90% 84.7% 85% 80% 75% 70%

91.1%

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Inventory / New Listings / Sales

45 Inventory / New Listings / Sales 40 This last view of the market combines monthly inventory of Properties for sale along with New Listings 35 30 and Sales. The graph shows the basic annual 25 seasonality of the market as well as the relationship between these items. The number of New Listings in 20 May 2013 was 3, equal to 3 last month and down 50.0% 15 from 6 in May of last year. 10 5 0
Inventory
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New Listings

Sales

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 A M 10 11 12 13

Copyright Sothebys 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. Sothebys 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 consumers real estate transaction.

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Inventory / Listings / Sales

May 2013
Nicole Truszkowski Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Carmel Highlands

Price Range: All | Properties: Single Family - Condo - TwnHm

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 May 2013 was 3, equal to 3 last month and down 50.0% from 6 in May of last year. 45
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Inventory
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New Listings

Sales

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Copyright Sothebys 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. Sothebys International Realty does not warrant or guarantee 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 consumers real estate transaction.

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