MARKET ACTION REPORT

May 2012
Nicole Truszkowski
Broker Associate 831-238-7449
website: www.estatesofcarmel.com email: nicole@estatesfocarmel.com

City: Carmel
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
$1,610,000 $2,376,027 $1,030,500 $1,315,108 158 32 165 $875 $672 4.9 93.1%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$925,000 $1,198,369 110 143 $776 $603 7.8 92.5%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2011) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
May Property sales were 32, up 128.6% from 14 in May of 2011 and 45.5% higher than the 22 sales last month. May 2012 sales were at their highest level compared to May of 2011 and 2010. May YTD sales of 110 are running 20.9% ahead of last year's year-todate sales of 91.

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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 09 10 11 12

Prices
The Median Sales Price in May was $1,030,500, up 30.4% from $790,000 in May of 2011 and up 12.6% from $915,000 last month. The Average Sales Price in May was $1,315,108, up 29.3% from $1,016,921 in May of 2011 and up 23.7% from $1,063,516 last month. May 2012 ASP was at the highest level compared to May of 2011 and 2010.

(000's)

1,800 1,600 1,400 1,200 1,000 800 600

Inventory & MSI

The Total Inventory of Properties available for sale as of May was 158, down 1.3% from 160 last month and down 18.1% from 193 in May of last year. May 2012 Inventory was at its lowest level compared with May of 2011 and 2010.

250 200 150 100

208 209 203 194 180 167 145 137 160 163 178 209 219 225 230 210 203 179 163 159 165 173 188 193 208 212 213 196 200 190 168 168 160 152 160 158

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2012 MSI of 4.9 months was at its lowest level compared with May of 2011 and 2010.

50 0
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 09 10 11 12

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.

8 15 18 15 23 13 15 9 11 17 13 19 14 20 19 6 28 9 14 16 20 23 18 14 24 18 13 23 20 16 15 14 19 23 22 32

Median Sales Price and Average Sales Price

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

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 09 10 11 12

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 2012
Nicole Truszkowski
Broker Associate 831-238-7449
website: www.estatesofcarmel.com email: nicole@estatesfocarmel.com

City: Carmel
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 165, up 21.3% from 136 days last month and up 18.7% from 139 days in May of last year. The May 2012 DOM was at a mid level compared with May of 2011 and 2010. 190 170 150 130 110 90 70 50

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

3 Mo Avg

165 149 139

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 09 10 11 12

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 2012 Selling Price per Square Foot of $672 was up 18.6% from $567 last month and up 29.9% from 518 in May of last year.

850 800 750 700 650 600 550 500

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

3 Mo Avg

672

578 518

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 09 10 11 12

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 at or above 100% indicates more of a Seller's market. The May 2012 Selling Price vs Original List Price of 93.1% was down from 94.3% last month and up from 91.2% in May of last year.

99% 97% 95% 93% 91% 89% 87% 85% 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 09 10 11 12 94.3% 93.1% 91.2%

Inventory / New Listings / Sales

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 2012 was 37, up 5.7% from 35 last month and up 5.7% from 35 in May of last year.

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Inventory

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 09 10 11 12

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.

208 209 203 194 180 167 145 137 160 163 178 209 219 225 230 210 203 179 163 159 165 173 188 193 208 212 213 196 200 190 168 168 160 152 160 158

Inventory / Listings / Sales

May 2012
Nicole Truszkowski Broker Associate 831-238-7449
website: www.estatesofcarmel.com email: nicole@estatesfocarmel.com

City: Carmel
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 2012 was 37, up 5.7% from 35 last month and up 5.7% from 35 in May of last year. 250
225 230

Inventory
219 209 209 210 212 213

New Listings

Sales

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44 38 32 33 18 25 15 26 23 17 13 14 15 24 9 29

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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.

31 19 26 6 28 28 15 9 15 14 36 16 36 20 37 23 35 18 35 14 44 24 27 18 41 13 24 23 29 20 21 16 17 15 41 14 35 19 28 23 35 22 37 32

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