Salinas Monterey Highway Homes Market Action Report Real Estate Sales for Jan 2011

8/7/2019 Salinas Monterey Highway Homes Market Action Report Real Estate Sales for Jan 2011

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January 2011

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

Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year

Median List Price of all Current Listings

Average List Price of all Current Listings

January Median Sales Price

January Average Sales Price

Total Properties Currently for Sale (Inventory)

January Number of Properties Sold

January Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

January Sold Price per Square Foot

January Month's Supply of Inventory

January Sale Price vs List Price Ratio

Property Sales

January Property sales were 9, up 12.5% from 8 inJanuary of 2010 and 30.8% lower than the 13 sales

last month. January 2011 sales were at their highest

level compared to January of 2010 and 2009.

January YTD sales of 9 are running 12.5% ahead of

last year's year-to-date sales of 8.

12.1 12.1

97.9% 93.3%* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold

68 68

$293 $293

$280 $280

$840,333 $840,333

109

9 9

$795,505

$1,062,788

$535,000 $535,000

MARKET ACTION REPORT

City: Salinas Monterey Highway

Trending versus*: Trending versus*:

Month YTD

54

11

3

12

10

10

8

15

6

8

4

15

7

12

22

20

10

16

12

22

7

21

8

13

11

26

9

19

9 10

25

22

12 1

3

9

0

5

10

15

2025

30

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 J J A S O N D J

3 Mo Avg

Nicole Truszkowski

CIPS, CLHMS, TRC, Broker Associate

[email protected]

831-238-7449

www.EstatesofCarmel.com

Prices

Inventory & MSIThe Total Inventory of Properties available for sale as of

d f l h d

Median Sales Price and Average Sales Price

The Median Sales Price in January was $535,000, up

12.3% from $476,250 in January of 2010 and down

6.1% from $570,000 last month. The Average Sales

Price in January was $840,333, up 98.7% from$422,931 in January of 2010 and up 23.4% from

$680,923 last month. January 2011 ASP was at the

highest level compared to January of 2010 and 2009.

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

54

11

3

12

10

10

8

15

6

8

4

15

7

12

22

20

10

16

12

22

7

21

8

13

11

26

9

19

9 10

25

22

12 1

3

9

0

5

10

15

2025

30

F08

M A M J J A S O N D J09

F M A M J J A S O N D J10


300

500

700

900

1,100

1,300

1,500

1,700

1,900

F08




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

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

60

70

180

200

(000's)

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449




January 2011


Market Time

Selling Price per Square FootThe 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

January 2011 Selling Price per Square Foot of $280 was

up 15.0% from $243 last month and up 20.8% from 232

in January of last year.

MARKET ACTION REPORT


Days On Market for Sold Properties

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 January was 68, down 27.7% from 94 days last

month and up 6.3% from 64 days in January of last

year. The January 2011 DOM was at a mid levelcompared with January of 2010 and 2009.

Selling Price per Square Foot

129

64 68

0

50

100

150

200

250

300

F08




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

223232

280

200

250

300

350

400

450

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 J J A S O N D J

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

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449


Selling Price vs Original Listing Price

Inventory / New Listings / Sales

Selling Price versus Listing Price Ratio

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 January 2011 Selling Price vs Original List Price of

97.9% was up from 92.9% last month and up from

97.6% in January of last year.


129

64 68

0

50

100

150

200

250

300

F08




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

223232

280

200

250

300

350

400

450

F08




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

92.7%

97.6% 97.9%

90%

92%

94%

96%

98%

100%

102%

104%

F08




Avg Selling Price divided by Avg Listing Price for sold properties during the month

200 Inventory New Listings Sales

3 Mo Avg

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449




January 2011


Inventory / 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 basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in January 2011 was 20, up

42.9% from 14 last month and down 9.1% from 22 in January of last year.

165

171

174 1

81

180

181

183

179

172

170

168

161

177

165

52 1

61

2

160

180

200 Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHmData is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s International Realty does not warrant or guarantee

he accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

165

171

174 1

81

180

181

183

179

172

170

168

161

177

165

145

139

143

140 14

7 155

14

8

136

121

116

119

132

138

142 1

52 1

61

1

52

145

142

127

121

109

34

27

28 3

232

25

24

34

25

26

18

28

34

22

20 2

527

27

27

36

21 2

3

15

22

19

41

37

30

32

33

23

24 2

8

20

14 2

0

5 4 11

3 12

10

10

8 15

6 8 4 15

7 12

22

20

10

16

12

22

7

21

8 13

11

26

919

9 10

25

22

12

13

9

0

20

40

60

80

100

120

140

160

180

200

F08

M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11

Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


Salinas Monterey Highway Homes Market Action Report Real Estate Sales for Jan 2011

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