Big Sur Coast Homes Market Action Report Real Estate Sales for March 2013

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  • 7/28/2019 Big Sur Coast Homes Market Action Report Real Estate Sales for March 2013

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    March 2013

    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

    March Median Sales Price

    March Average Sales Price

    Total Properties Currently for Sale (Inventory)

    March Number of Properties Sold

    March Average Days on Market (Solds)

    Asking Price per Square Foot (based on New Listings)

    March Sold Price per Square Foot

    March Month's Supply of Inventory

    March Sale Price vs List Price Ratio

    Property Sales

    Prices

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

    h f l h d d

    March Property sales were 2, up from 0 in March of2012 and higher than the 0 sales last month. March

    2013 sales were at their highest level compared to

    March of 2012 and 2011. March YTD sales of 3 are

    running 200.0% ahead of last year's year-to-date

    sales of 1.

    Median Sales Price andAverage Sales Price

    The Median Sales Price in March was $1,196,250, up

    from $0 in March of 2012 and up from $0 last

    month. The Average Sales Price in March was

    $1,196,250, up from $0 in March of 2012 and upfrom $0 last month. March 2013 ASP was at the

    lowest level compared to March of 2012 and 2011.

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

    11.5 17.3

    91.1% 92.7%* LM=Last Month / L3M=Last 3 Mo nths / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

    Number of Properties Sold

    778 665$2,165 $1,327

    $1,531 $1,221

    $1,196,250 $897,500

    23

    2 3

    $2,475,000

    $3,112,339

    $1,196,250 $842,500

    MARKET ACTION REPORT

    City: Big Sur Coast

    Trending versus*: Trending versus*:

    Month YTD

    0 1 0 0 1 1 0 0 0 0 1 1 0 2 0 1 0 0 1 1 1 0 1 0 1 0 2 0 1 0 0 0 2 1 0 2

    0

    1

    1

    2

    2

    3

    A10

    M J J A S O N D J11

    F M A M J J A S O N D J12

    F M A M J J A S O N D J13

    F M

    200

    1,200

    2,200

    3,200

    4,200

    5,200

    A10

    M J J A S O N D J11

    F M A M J J A S O N D J12

    F M A M J J A S O N D J13

    F M

    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

    745

    50

    45

    50

    (000's)

    3 Mo Avg

    3 Mo Avg

    Nicole Truszkowski

    Broker Associate

    www.estatesofcarmel.com

    831-238-7449

    email: [email protected]

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    March 2013

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

    Market Time

    Selling Price per Square Foot

    Selling Price vs Original Listing Price

    Inventory / New Listings / Sales

    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

    March 2013 Selling Price per Square Foot of $1,531 was

    up from $0 last month and up from 0 in March of last

    year.

    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 March 2013 Selling Price vs Original List Price of

    91.1% was up from 0.0% last month and up from 0.0%

    in March of last year.

    Inventory / New Listings / Sales

    MARKET ACTION REPORT

    City: Big Sur Coast

    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 March was 778, up from 0 days last month

    and up from 0 days in March of last year. The March

    2013 DOM was at a mid level compared with March of2012 and 2011.

    Selling Price per Square Foot

    692778

    0

    200

    400

    600

    800

    1,000

    A10

    M J J A S O N D J11

    F M A M J J A S O N D J12

    F M A M J J A S O N D J13

    F M

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

    2045

    0

    1531

    0

    500

    1,000

    1,500

    2,000

    2,500

    A10

    M J J A S O N D J11

    F M A M J J A S O N D J12

    F M A M J J A S O N D J13

    F M

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

    76.8%

    91.1%

    55%

    60%

    65%

    70%

    75%

    80%

    85%

    90%

    95%

    100%

    A10

    M J J A S O N D J11

    F M A M J J A S O N D J12

    F M A M J J A S O N D J13

    F M

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

    50 Inventory New Listings Sales

    3 Mo Avg

    3 Mo Avg

    3 Mo Avg

    Nicole Truszkowski

    Broker Associate

    www.estatesofcarmel.com

    831-238-7449

    email: [email protected]

  • 7/28/2019 Big Sur Coast Homes Market Action Report Real Estate Sales for March 2013

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    March 2013

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

    Copyright Sothebys 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. 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.

    Inventory / Listings / Sales

    City: Big Sur Coast

    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 March 2013 was 4, up 33.3%from 3 last month and equal to 4 in March of last year.

    38

    40

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    46

    42

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    38

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    3

    7 38 3

    9

    36

    35 3

    6

    32 3

    3

    36

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    32

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    28

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    3 3

    6

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    2 34 4

    2 34

    2 2 2 2 3 24

    0 1 2 34

    2 1 1

    6

    1 2 3 1 0 3 34

    0 1 0 0 1 1 0 0 0 0 1 1 0 2 0 1 0 0 1 1 1 0 1 0 1 0 2 0 1 0 0 0 2 1 0 2

    0

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    A10

    M J J A S O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M

    Inventory New Listings Sales

    Nicole Truszkowski

    Broker Associate

    www.estatesofcarmel.com

    831-238-7449

    email: [email protected]