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Carmel Valley Homes June 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
June 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 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 $1,155,000 Average List Price of all Current Listings $2,743,203 June Median Sales Price $740,000 $750,000June Average Sales Price $874,112 $944,425Total Properties Currently for Sale (Inventory) 90 June Number of Properties Sold 14 99June Average Days on Market (Solds) 94 87Asking Price per Square Foot (based on New Listings) $481 $504June Sold Price per Square Foot $437 $431June Month's Supply of Inventory 6.4 5.6June Sale Price vs List Price Ratio 95.2% 95.1%
* 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 14, up 16.7% from 12 in June of 2013 and -33.3% lower than the 21 sales last month. June 2014 sales were at their highest level compared to June of 2013 and 2012. June YTD sales of 99 are running -11.6% behind last year's year-to-date sales of 112.
Prices The Median Sales Price in June was $740,000, up 18.9% from $622,500 in June of 2013 and down -4.9% from $778,000 last month. The Average Sales Pricein June was $874,112, up 10.4% from $791,750 in June of 2013 and down -14.4% from $1,021,667 last month. June 2014 ASP was at a mid range comparedto June of 2013 and 2012.
MARKET ACTION REPORT
June 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 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.
Inventory & MSI The Total Inventory of Properties available for sale as of June was 90, down -2.2% from 92 last month and down -10.0% from 100 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 6.4 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 94, up 22.1% from 77 days lastmonth and down -5.1% from 99 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 $437 was down -0.5% from $439 last month and up 10.1% from $397 in June of last year.
MARKET ACTION REPORT
June 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 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.
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 95.2% was downfrom 95.4% last month and down from 99.5% 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 23, down -11.5% from 26 last monthand down -17.9% from 28 in June of last year.
MARKET ACTION REPORT
June 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 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 17 13 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 21 143 Mo. Roll Avg 17 18 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
(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 425 550 589 463 713 615 590 570 325 690 467 853 618 658 650 603 688 735 456 715 700 642 775 623 745 698 775 745 995 863 499 699 880 773 778 7403 Mo. Roll Avg 521 534 588 597 639 592 495 528 494 670 646 709 642 637 647 675 626 635 624 686 706 680 714 688 739 739 838 868 785 687 693 784 810 764
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 JInventory 151 144 127 122 117 108 108 108 100 107 119 126 122 122 113 108 100 88 86 88 84 79 102 100 104 110 125 113 105 90 87 87 89 88 92 90MSI 9 11 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 9 12 3 7 6 6 4 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 72 42 156 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 77 943 Mo. Roll Avg 90 97 118 115 125 118 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 90
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 288 306 310 325 298 289 306 318 303 309 292 337 377 363 375 395 365 492 347 338 360 361 402 397 426 398 363 417 662 440 402 420 395 471 439 4373 Mo. Roll Avg 301 314 311 304 298 304 309 310 301 313 335 359 372 378 378 417 401 392 348 353 374 387 408 407 396 393 481 506 501 421 406 429 435 449
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 0.944 0.954 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 0.952
3 Mo. Roll Avg 0.944 0.946 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
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
New Listings 26 25 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 33 21 26 23Inventory 151 144 127 122 117 108 108 108 100 107 119 126 122 122 113 108 100 88 86 88 84 79 102 100 104 110 125 113 105 90 87 87 89 88 92 90Sales 17 13 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 14
(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 542 641 755 691 766 637 800 617 462 760 603 919 882 806 689 752 934 1,362 600 690 832 727 864 792 1,090 793 690 889 1,606 1,000 726 886 951 1,076 1,022 8743 Mo. Roll Avg 646 696 737 698 734 684 626 613 608 761 801 869 792 749 792 1,016 965 884 707 750 808 794 915 892 858 791 1,061 1,165 1,111 871 854 971 1,016 991
