Carmel Ca Homes Market Action Report Real Estate Sales for June 2014

MARKET ACTION REPORT

June 2014

City: CarmelNicole 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 7/1/2011 through 6/30/2014. 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 $1,749,500 Average List Price of all Current Listings $2,490,859 June Median Sales Price $1,560,000 $1,200,000June Average Sales Price $1,591,173 $1,538,771Total Properties Currently for Sale (Inventory) 128 June Number of Properties Sold 22 141June Average Days on Market (Solds) 89 105Asking Price per Square Foot (based on New Listings) $814 $849June Sold Price per Square Foot $802 $809June Month's Supply of Inventory 5.8 5.7June Sale Price vs List Price Ratio 96.0% 95.0%

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

Property Sales June Property sales were 22, down -4.3% from 23 in June of 2013 and -37.1% lower than the 35 sales last month. June 2014 sales were at a mid levelcompared to June of 2013 and 2012. June YTD sales of 141 are running 5.2% ahead of last year's year-to-date sales of 134.

Prices The Median Sales Price in June was $1,560,000, up 60.0% from $975,000 in June of 2013 and up 60.0% from $975,000 last month. The Average Sales Pricein June was $1,591,173, up 30.1% from $1,222,957 in June of 2013 and up 21.5% from $1,309,338 last month. June 2014 ASP was at highest level comparedto June of 2013 and 2012.


June 2014





Inventory & MSI The Total Inventory of Properties available for sale as of June was 128, down -0.8% from 129 last month and down -8.6% from 140 in June of last year. June2014 Inventory was at the lowest level compared to June of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2014 MSI of 5.8 months was at its lowest levelcompared with June of 2013 and 2012.

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 June was 89, up 21.9% from 73 days lastmonth and down -3.3% from 92 days in June of last year. The June 2014 DOM was at a mid range compared with June of 2013 and 2012.

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 June 2014 Selling Price per Square Foot of $802 was up 9.6% from $732 last month and up 3.5% from $775 in June of last year.


June 2014





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 June 2014 Selling Price vs List Price of 96.0% was upfrom 95.5% last month and down from 97.5% in June 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 June 2014 was 33, down -29.8% from 47 last monthand down -2.9% from 34 in June of last year.


June 2014




Based on information from MLSListings, Inc for the period 7/1/2011 through 6/30/2014. 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 11 A S O N D J 12 F M A M J 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

Homes Sold 18 13 23 20 16 15 14 19 23 23 33 19 11 22 28 22 18 22 9 14 29 27 32 23 22 21 22 13 16 20 15 24 25 20 35 223 Mo. Roll Avg 18 19 20 17 15 16 19 22 26 25 21 17 20 24 23 21 16 15 17 23 29 27 26 22 22 19 17 16 17 20 21 23 27 26

(000's) J 11 A S O N D J 12 F M A M J 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 JMedianSalePrice 1,242 1,125 1,184 1,000 652 1,100 858 1,100 735 900 1,000 1,150 965 1,045 933 1,097 962 1,341 1,625 890 1,185 1,650 1,225 975 1,275 862 1,250 965 1,263 1,303 1,325 1,463 1,100 1,395 975 1,560

3 Mo. Roll Avg 1,183 1,103 945 917 870 1,019 898 912 878 1,017 1,038 1,053 981 1,025 997 1,133 1,309 1,285 1,233 1,242 1,353 1,283 1,158 1,037 1,129 1,026 1,159 1,177 1,297 1,363 1,296 1,319 1,157 1,310


Inventory 213 215 198 202 192 170 170 161 154 162 164 169 168 166 159 156 138 130 132 116 118 130 131 140 150 151 151 131 117 115 123 123 128 122 129 128MSI 12 17 9 10 12 11 12 8 7 7 5 9 15 8 6 7 8 6 15 8 4 5 4 6 7 7 7 10 7 6 8 5 5 6 4 6

J 11 A S O N D J 12 F M A M J 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 JDays On Market 131 145 93 124 77 154 93 147 144 135 160 84 223 246 111 139 72 122 78 123 105 114 69 92 127 73 140 162 138 100 179 118 99 115 73 893 Mo. Roll Avg 123 121 98 118 108 131 128 142 146 126 156 184 193 165 107 111 91 108 102 114 96 92 96 97 113 125 147 133 139 132 132 111 96 92

J 11 A S O N D J 12 F M A M J 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 JPrice per Sq Ft 639 686 779 636 622 630 511 598 593 551 664 702 720 727 617 668 657 705 947 670 791 921 697 775 697 734 778 799 884 738 966 820 751 889 732 8023 Mo. Roll Avg 701 700 679 629 588 580 567 581 603 639 695 716 688 671 647 677 770 774 803 794 803 798 723 735 736 770 820 807 863 841 846 820 791 808

J 11 A S O N D J 12 F M A M J 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 JSale to List Price 0.934 0.936 0.942 0.941 0.942 0.921 0.951 0.954 0.943 0.943 0.934 0.956 0.948 0.888 0.954 0.962 0.955 0.904 0.963 0.939 0.963 0.951 0.955 0.975 0.943 0.951 0.946 0.965 0.944 0.961 0.964 0.942 0.936 0.945 0.955 0.960

3 Mo. Roll Avg 0.937 0.940 0.942 0.935 0.938 0.942 0.949 0.947 0.940 0.944 0.946 0.931 0.930 0.935 0.957 0.940 0.941 0.935 0.955 0.951 0.956 0.960 0.958 0.956 0.947 0.954 0.952 0.957 0.956 0.956 0.947 0.941 0.945 0.953


New Listings 27 41 24 29 21 17 41 34 28 35 37 34 33 34 29 30 15 12 31 22 43 50 37 34 40 31 18 18 23 22 40 30 36 44 47 33Inventory 213 215 198 202 192 170 170 161 154 162 164 169 168 166 159 156 138 130 132 116 118 130 131 140 150 151 151 131 117 115 123 123 128 122 129 128Sales 18 13 23 20 16 15 14 19 23 23 33 19 11 22 28 22 18 22 9 14 29 27 32 23 22 21 22 13 16 20 15 24 25 20 35 22

(000's) J 11 A S O N D J 12 F M A M J 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 JAvg Sale Price 1,230 1,502 1,568 1,205 1,120 1,201 870 1,436 1,169 1,044 1,293 1,245 1,445 1,249 1,105 1,250 1,266 1,435 2,249 1,135 1,357 1,919 1,294 1,223 1,267 1,245 1,569 1,263 1,780 1,747 2,133 1,610 1,365 1,568 1,309 1,591

3 Mo. Roll Avg 1,434 1,425 1,298 1,175 1,063 1,169 1,158 1,216 1,168 1,194 1,328 1,313 1,266 1,202 1,207 1,317 1,650 1,606 1,581 1,470 1,523 1,479 1,261 1,245 1,360 1,359 1,537 1,597 1,887 1,830 1,703 1,514 1,414 1,490

Carmel Ca Homes Market Action Report Real Estate Sales for June 2014

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