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

MARKET ACTION REPORT

June 2014City: CarmelHighlands

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 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 $4,300,000 Average List Price of all Current Listings $5,279,240 June Median Sales Price $2,743,602 $3,800,000June Average Sales Price $3,114,534 $3,908,110Total Properties Currently for Sale (Inventory) 25 June Number of Properties Sold 3 10June Average Days on Market (Solds) 163 259Asking Price per Square Foot (based on New Listings) $1,041 $1,082June Sold Price per Square Foot $613 $1,028June Month's Supply of Inventory 8.3 8.2June Sale Price vs List Price Ratio 92.6% 91.0%

* 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 3, up 200.0% from 1 in June of 2013 and equal to 0.0% 3 sales last month. June 2014 sales were at their highest level compared toJune of 2013 and 2012. June YTD sales of 10 are running -44.4% behind last year's year-to-date sales of 18.

Prices The Median Sales Price in June was $2,743,602, up 258.6% from $765,000 in June of 2013 and down -14.3% from $3,200,000 last month. The Average SalesPrice in June was $3,114,534, up 307.1% from $765,000 in June of 2013 and down -14.7% from $3,650,000 last month. June 2014 ASP was at highest levelcompared to June of 2013 and 2012.







Inventory & MSI The Total Inventory of Properties available for sale as of June was 25, equal to 25 last month and up 13.6% from 22 in June of last year. June 2014 Inventorywas at a mid range 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 8.3 months was at a mid rangecompared 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 163, down -64.9% from 465days last month and up 26.4% from 129 days in June of last year. The June 2014 DOM was at its highest level 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 $613 was down -52.0% from $1,277 last month and up 70.3% from $360 in June of last year.







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 92.6% was upfrom 90.4% last month and down from 102.0% 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 2, up 100.0% from 1 last month andup 100.0% from 1 in June of last year.


June 2014

City: Carmel HighlandsNicole TruszkowskiSales Associate(831) 238-7449(831) [email protected]



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 2 2 0 0 1 1 1 0 3 1 1 0 2 1 0 3 2 2 2 2 4 5 4 1 1 0 1 3 3 5 0 0 1 3 3 33 Mo. Roll Avg 1 1 0 1 1 1 1 1 2 1 1 1 1 1 2 2 2 2 3 4 4 3 2 1 1 1 2 4 3 2 0 1 2 3

(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 1,200 1,656 0 0 865 1,137 700 0 3,125 2,995 2,350 0 5,149 10,500 0 730 3,000 798 3,200 2,406 1,413 1,350 1,988 765 2,525 0 2,475 968 1,550 1,900 0 0 6,700 4,850 3,200 2,744

3 Mo. Roll Avg 952 552 288 667 901 612 1,275 2,040 2,823 1,782 2,500 5,216 5,216 3,743 1,243 1,509 2,333 2,135 2,340 1,723 1,584 1,368 1,759 1,097 1,667 1,148 1,664 1,473 1,150 633 2,233 3,850 4,917 3,598


Inventory 25 29 34 29 27 25 27 28 29 26 32 32 37 39 33 33 31 27 31 24 23 23 21 22 24 25 24 27 26 24 28 29 24 26 25 25MSI 13 15 0 0 27 25 27 0 10 26 32 0 19 39 0 11 16 14 16 12 6 5 5 22 24 0 24 9 9 5 0 0 24 9 8 8

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 290 418 0 0 22 266 146 0 236 156 331 0 12 181 0 192 131 55 353 105 83 259 188 129 30 0 515 93 47 208 0 0 345 120 465 1633 Mo. Roll Avg 236 139 7 96 145 137 127 131 241 162 114 64 64 124 108 126 180 171 180 149 177 192 116 53 182 203 218 116 85 69 115 155 310 249

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 405 482 0 0 521 379 387 0 1,111 649 669 0 1,135 2,479 0 404 902 278 676 692 491 483 825 360 770 0 1,092 874 617 1,014 0 0 1,360 1,084 1,277 6133 Mo. Roll Avg 296 161 174 300 429 255 499 587 810 439 601 1,205 1,205 961 435 528 619 549 620 555 600 556 652 377 621 655 861 835 544 338 453 815 1,240 991

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 0.926 0.877 0.000 0.000 0.989 0.984 0.966 0.000 0.868 1.000 0.847 0.000 0.984 0.778 0.000 0.893 0.868 0.973 0.925 0.887 0.876 0.876 0.911 1.020 1.042 0.000 0.826 0.906 0.943 0.856 0.000 0.000 0.958 0.887 0.904 0.926

3 Mo. Roll Avg 0.601 0.292 0.330 0.658 0.980 0.650 0.611 0.623 0.905 0.616 0.610 0.587 0.587 0.557 0.587 0.911 0.922 0.928 0.896 0.880 0.888 0.936 0.991 0.687 0.623 0.577 0.892 0.902 0.600 0.285 0.319 0.615 0.916 0.906


New Listings 1 8 5 1 1 1 6 6 5 1 6 4 8 4 1 3 1 3 10 1 3 3 2 1 6 4 3 7 3 2 7 4 1 4 1 2Inventory 25 29 34 29 27 25 27 28 29 26 32 32 37 39 33 33 31 27 31 24 23 23 21 22 24 25 24 27 26 24 28 29 24 26 25 25Sales 2 2 0 0 1 1 1 0 3 1 1 0 2 1 0 3 2 2 2 2 4 5 4 1 1 0 1 3 3 5 0 0 1 3 3 3

(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 1,200 1,656 0 0 865 1,137 700 0 3,300 2,995 2,350 0 5,149 10,500 0 835 3,000 798 3,200 2,406 1,907 2,011 2,209 765 2,525 0 2,475 2,103 1,468 2,871 0 0 6,700 4,029 3,650 3,115

3 Mo. Roll Avg 952 552 288 667 901 612 1,333 2,098 2,882 1,782 2,500 5,216 5,216 3,778 1,278 1,544 2,333 2,135 2,504 2,108 2,042 1,661 1,833 1,097 1,667 1,526 2,015 2,147 1,446 957 2,233 3,576 4,793 3,598

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

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