Carmel-by-the-Sea Real Estate Sales Market Report for May 2015

MARKET ACTION REPORT

May 2015

City: Carmel, Carmel By TheSea

Nicole TruszkowskiSales Associate(831) 238-7449(831) [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Sotheby's International Realty® is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.

Based on information from MLSListings, Inc for the period 6/1/2012 through 5/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS'smay not reflect all real estate activity in the market.

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $1,765,000 Average List Price of all Current Listings $3,118,944 May Median Sales Price $1,100,000 $1,097,500May Average Sales Price $1,386,071 $1,413,447Total Properties Currently for Sale (Inventory) 163 May Number of Properties Sold 35 162May Average Days on Market (Solds) 124 104Asking Price per Square Foot (based on New Listings) $793 $812May Sold Price per Square Foot $669 $677May Month's Supply of Inventory 4.7 5.3May Sale Price vs List Price Ratio 96.8% 94.7%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales May Property sales were 35, down -25.5% from 47 in May of 2014 and 6.1% higher than the 33 sales last month. May 2015 sales were at their lowest levelcompared to May of 2014 and 2013. May YTD sales of 162 are running -5.3% behind last year's year-to-date sales of 171.

Prices The Median Sales Price in May was $1,100,000, up 4.8% from $1,050,000 in May of 2014 and down -6.4% from $1,175,000 last month. The Average SalesPrice in May was $1,386,071, up 0.8% from $1,375,699 in May of 2014 and down -4.3% from $1,448,889 last month. May 2015 ASP was at highest levelcompared to May of 2014 and 2013.


May 2015






Inventory & MSI The Total Inventory of Properties available for sale as of May was 163, equal to 163 last month and down -16.4% from 195 in May of last year. May 2015Inventory was at the lowest level compared to May of 2014 and 2013. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2015 MSI of 4.7 months was at its highest levelcompared with May of 2014 and 2013.

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 amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for May was 124, up 9.7% from 113 days lastmonth and up 51.2% from 82 days in May of last year. The May 2015 DOM was at its highest level compared with May of 2014 and 2013.

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 impactedby 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 2015 Selling Price per Square Foot of $669 was down -3.5% from $693 last month and down -2.9% from $689 in May of last year.


May 2015






Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their 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 2015 Selling Price vs List Price of 96.8% was upfrom 95.2% last month and up from 95.3% in May of last year.

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 annualseasonality of the market as well as the relationship between these items. The number of New Listings in May 2015 was 51, up 15.9% from 44 last month anddown -12.1% from 58 in May of last year.


May 2015

City: Carmel, Carmel By The Sea




Based on information from MLSListings, Inc for the period 6/1/2012 through 5/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

J 12 J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M

Homes Sold 25 25 43 37 33 29 29 19 22 47 45 52 30 35 34 29 24 23 43 22 34 34 34 47 33 40 40 25 39 22 23 22 30 42 33 353 Mo. Roll Avg 31 35 38 33 30 26 23 29 38 48 42 39 33 33 29 25 30 29 33 30 34 38 38 40 38 35 35 29 28 22 25 31 35 37

(000's) J 12 J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A MMedianSalePrice 1,025 700 796 801 980 880 1,325 750 924 1,025 1,138 961 915 1,115 737 1,000 781 1,550 1,180 985 1,368 1,040 1,200 1,050 1,388 1,033 978 1,130 1,237 1,490 1,030 1,109 1,228 889 1,175 1,100

3 Mo. Roll Avg 840 766 859 887 1,062 985 1,000 900 1,029 1,041 1,005 997 922 951 839 1,110 1,170 1,238 1,178 1,131 1,203 1,097 1,213 1,157 1,133 1,047 1,115 1,286 1,252 1,210 1,122 1,075 1,097 1,055


Inventory 267 259 258 240 234 211 195 197 180 174 175 192 199 215 222 223 199 182 178 193 192 193 187 195 200 178 190 182 184 173 162 163 176 161 163 163MSI 11 10 6 6 7 7 7 10 8 4 4 4 7 6 7 8 8 8 4 9 6 6 6 4 6 4 5 7 5 8 7 7 6 4 5 5

J 12 J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A MDays On Market 83 186 211 105 139 74 137 118 112 100 114 76 99 108 61 119 106 124 109 134 108 92 109 82 103 56 91 92 80 122 141 92 96 93 113 1243 Mo. Roll Avg 160 167 152 106 117 110 122 110 109 97 96 94 89 96 95 116 113 122 117 111 103 94 98 80 83 80 88 98 114 118 110 94 101 110

J 12 J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A MPrice per Sq Ft 661 516 539 553 572 564 655 672 596 634 715 593 713 598 603 687 630 859 644 794 702 664 739 689 692 700 628 785 797 876 702 596 768 648 693 6693 Mo. Roll Avg 572 536 555 563 597 630 641 634 648 647 674 635 638 629 640 725 711 766 713 720 702 697 707 694 673 704 737 819 792 725 689 671 703 670

J 12 J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A MSale to List Price 0.951 0.936 0.921 0.957 0.958 0.948 0.911 0.973 0.938 0.953 0.947 0.959 0.989 0.952 0.963 0.948 0.965 0.939 0.947 0.964 0.945 0.943 0.945 0.953 0.958 0.956 0.956 0.949 0.958 0.935 0.955 0.962 0.939 0.968 0.952 0.968

3 Mo. Roll Avg 0.936 0.938 0.945 0.954 0.939 0.944 0.941 0.955 0.946 0.953 0.965 0.967 0.968 0.954 0.959 0.951 0.950 0.950 0.952 0.951 0.944 0.947 0.952 0.956 0.957 0.954 0.954 0.947 0.949 0.951 0.952 0.956 0.953 0.963


New Listings 59 47 48 37 47 22 19 47 41 60 61 63 52 59 55 28 34 42 33 63 45 50 55 58 45 31 41 41 38 30 35 42 58 45 44 51Inventory 267 259 258 240 234 211 195 197 180 174 175 192 199 215 222 223 199 182 178 193 192 193 187 195 200 178 190 182 184 173 162 163 176 161 163 163Sales 25 25 43 37 33 29 29 19 22 47 45 52 30 35 34 29 24 23 43 22 34 34 34 47 33 40 40 25 39 22 23 22 30 42 33 35

(000's) J 12 J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A MAvg Sale Price 1,102 1,098 1,053 1,001 1,102 1,145 1,525 1,546 1,148 1,213 1,580 1,165 1,103 1,203 1,033 1,342 1,030 1,851 1,606 1,652 1,427 1,247 1,596 1,376 1,535 1,341 1,128 1,529 1,530 1,851 1,600 1,134 1,673 1,369 1,449 1,386

3 Mo. Roll Avg 1,084 1,050 1,052 1,083 1,258 1,405 1,406 1,302 1,313 1,319 1,282 1,157 1,113 1,193 1,135 1,408 1,495 1,703 1,561 1,442 1,423 1,406 1,502 1,417 1,335 1,333 1,396 1,637 1,661 1,528 1,469 1,392 1,497 1,401

Carmel-by-the-Sea Real Estate Sales Market Report for May 2015

Documents

Transcript of Carmel-by-the-Sea Real Estate Sales Market Report for May 2015