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Carmel Valley Homes August 2014 Real Estate sales activity market reports specific to Carmel Valley. MARKET ACTION REPORT prepared by Nicole Truszkowski CIPS,CLHMS,TRC phone 831-238-7449 email: [email protected] website www.estatesofcarmel.com
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MARKET ACTION REPORT
August 2014
City: Carmel ValleyNicole 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 9/1/2011 through 8/31/2014. 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 $1,312,000 Average List Price of all Current Listings $3,003,550 August Median Sales Price $810,000 $765,000August Average Sales Price $823,794 $907,653Total Properties Currently for Sale (Inventory) 84 August Number of Properties Sold 17 134August Average Days on Market (Solds) 100 87Asking Price per Square Foot (based on New Listings) $617 $513August Sold Price per Square Foot $422 $425August Month's Supply of Inventory 4.9 5.5August Sale Price vs List Price Ratio 95.7% 95.2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales August Property sales were 17, down -5.6% from 18 in August of 2013 and 6.3% higher than the 16 sales last month. August 2014 sales were at their lowestlevel compared to August of 2013 and 2012. August YTD sales of 134 are running -13.5% behind last year's year-to-date sales of 155.
Prices The Median Sales Price in August was $810,000, up 16.1% from $697,500 in August of 2013 and up 1.5% from $798,250 last month. The Average Sales Pricein August was $823,794, up 3.8% from $793,417 in August of 2013 and up 4.3% from $789,563 last month. August 2014 ASP was at highest level comparedto August of 2013 and 2012.
MARKET ACTION REPORT
August 2014
City: Carmel ValleyNicole 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 9/1/2011 through 8/31/2014. 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.
Inventory & MSI The Total Inventory of Properties available for sale as of August was 84, down -3.4% from 87 last month and down -24.3% from 111 in August of last year. August 2014 Inventory was at the lowest level compared to August of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2014 MSI of 4.9 months was at a mid rangecompared with August 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 August was 100, up 37.0% from 73 dayslast month and up 56.3% from 64 days in August of last year. The August 2014 DOM was at a mid range compared with August 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 August 2014 Selling Price per Square Foot of $422 was up 7.9% from $391 last month and up 6.0% from $398 in August of last year.
MARKET ACTION REPORT
August 2014
City: Carmel ValleyNicole 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 9/1/2011 through 8/31/2014. 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.
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 August 2014 Selling Price vs List Price of 95.7% wasdown from 95.8% last month and down from 97.3% in August 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 August 2014 was 21, up 50.0% from 14 last monthand down -36.4% from 33 in August of last year.
MARKET ACTION REPORT
August 2014
City: Carmel ValleyNicole 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 9/1/2011 through 8/31/2014. 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.
S 11 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 J A
Homes Sold 21 19 12 16 12 18 5 19 23 11 18 32 16 14 16 15 15 13 21 24 27 12 25 18 8 12 9 30 12 15 16 21 21 16 16 173 Mo. Roll Avg 17 16 13 15 12 14 16 18 17 20 22 21 15 15 15 14 16 19 24 21 21 18 17 13 10 17 17 19 14 17 19 19 18 16
(000's) S 11 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 J AMedianSalePrice 589 463 713 615 590 570 325 690 467 853 618 658 650 603 688 735 456 715 700 642 775 623 745 698 775 745 995 863 499 699 880 773 778 740 798 8103 Mo. Roll Avg 588 597 639 592 495 528 494 670 646 709 642 637 647 675 626 635 624 686 706 680 714 688 739 739 838 868 785 687 693 784 810 764 772 783
S 11 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 J AInventory 127 122 117 108 108 108 100 107 119 126 122 122 113 108 100 88 86 88 84 79 102 101 105 111 126 114 106 91 88 89 90 89 93 95 87 84MSI 6 6 10 7 9 6 20 6 5 11 7 4 7 8 6 6 6 7 4 3 4 8 4 6 16 10 12 3 7 6 6 4 4 6 5 5
S 11 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 J ADays On Market 156 94 103 149 122 83 30 138 102 91 125 115 66 98 89 138 138 135 79 86 84 99 64 64 51 40 92 93 52 108 89 98 77 87 73 1003 Mo. Roll Avg 118 115 125 118 78 84 90 110 106 110 102 93 84 108 122 137 117 100 83 90 82 76 60 52 61 75 79 84 83 98 88 87 79 87
S 11 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 J APrice per Sq Ft 310 325 298 289 306 318 303 309 292 337 377 363 375 395 365 492 347 338 360 361 402 397 426 398 363 417 662 440 402 420 395 471 439 437 391 4223 Mo. Roll Avg 311 304 298 304 309 310 301 313 335 359 372 378 378 417 401 392 348 353 374 387 408 407 396 393 481 506 501 421 406 429 435 449 422 417
S 11 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 J ASale to List Price 0.933 0.952 0.934 0.947 0.902 0.979 1.003 0.971 0.964 0.975 0.936 0.970 0.967 0.953 0.939 0.923 0.972 0.940 0.951 0.980 0.969 0.995 0.966 0.973 0.944 0.961 0.979 0.940 0.957 0.948 0.974 0.965 0.954 0.953 0.958 0.957
3 Mo. Roll Avg 0.940 0.944 0.928 0.943 0.961 0.984 0.979 0.970 0.958 0.960 0.958 0.963 0.953 0.938 0.945 0.945 0.954 0.957 0.967 0.981 0.977 0.978 0.961 0.959 0.961 0.960 0.959 0.948 0.960 0.962 0.964 0.957 0.955 0.956
S 11 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 J A
New Listings 13 19 23 15 26 22 17 32 36 32 28 19 16 22 11 8 25 30 27 25 44 28 23 33 25 21 25 10 24 21 32 21 26 23 14 21Inventory 127 122 117 108 108 108 100 107 119 126 122 122 113 108 100 88 86 88 84 79 102 101 105 111 126 114 106 91 88 89 90 89 93 95 87 84Sales 21 19 12 16 12 18 5 19 23 11 18 32 16 14 16 15 15 13 21 24 27 12 25 18 8 12 9 30 12 15 16 21 21 16 16 17
(000's) S 11 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 J AAvg Sale Price 755 691 766 637 800 617 462 760 603 919 882 806 689 752 934 1,362 600 690 832 727 864 792 1,090 793 690 889 1,606 1,000 726 886 951 1,076 1,022 858 790 8243 Mo. Roll Avg 737 698 734 684 626 613 608 761 801 869 792 749 792 1,016 965 884 707 750 808 794 915 892 858 791 1,061 1,165 1,111 871 854 971 1,016 985 890 824
