Carmel Valley Homes Market Action Report Real Estate Sales for March 2014

MARKET ACTION REPORT

March 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 4/1/2011 through 3/31/2014. 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 $1,000,000 Average List Price of all Current Listings $2,614,676 March Median Sales Price $875,000 $704,500March Average Sales Price $935,033 $857,798Total Properties Currently for Sale (Inventory) 85 March Number of Properties Sold 15 42March Average Days on Market (Solds) 94 87Asking Price per Square Foot (based on New Listings) $494 $528March Sold Price per Square Foot $389 $404March Month's Supply of Inventory 5.7 6.2March Sale Price vs List Price Ratio 97.8% 95.5%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales March Property sales were 15, down -28.6% from 21 in March of 2013 and equal to 0.0% 15 sales last month. March 2014 sales were at a mid level comparedto March of 2013 and 2012. March YTD sales of 42 are running -14.3% behind last year's year-to-date sales of 49.

Prices The Median Sales Price in March was $875,000, up 25.0% from $700,000 in March of 2013 and up 25.2% from $699,000 last month. The Average Sales Pricein March was $935,033, up 12.4% from $831,943 in March of 2013 and up 5.5% from $885,967 last month. March 2014 ASP was at highest level comparedto March of 2013 and 2012.


March 2014





Inventory & MSI The Total Inventory of Properties available for sale as of March was 85, down -1.2% from 86 last month and up 2.4% from 83 in March of last year. March2014 Inventory was at a mid range compared to March of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2014 MSI of 5.7 months was at a mid rangecompared with March 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 March was 94, down -13.0% from 108days last month and up 19.0% from 79 days in March of last year. The March 2014 DOM was at its highest level compared with March 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 March 2014 Selling Price per Square Foot of $389 was down -7.4% from $420 last month and up 8.1% from $360 in March of last year.


March 2014





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 March 2014 Selling Price vs List Price of 97.8% was upfrom 94.8% last month and up from 95.1% in March 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 March 2014 was 33, up 57.1% from 21 last monthand up 22.2% from 27 in March of last year.


March 2014




Based on information from MLSListings, Inc for the period 4/1/2011 through 3/31/2014. 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.

A 11 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 A M J J A S O N D J 14 F M

Homes Sold 16 17 11 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 15 153 Mo. Roll Avg 15 15 14 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

(000's) A 11 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 A M J J A S O N D J 14 F MMedianSalePrice 548 741 625 425 550 589 463 713 615 590 570 325 690 467 853 618 658 650 603 688 735 456 715 700 642 775 623 745 698 775 745 995 863 499 699 8753 Mo. Roll Avg 638 597 533 521 534 588 597 639 592 495 528 494 670 646 709 642 637 647 675 626 635 624 686 706 680 714 688 739 739 838 868 785 687 691

A 11 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 A M J J A S O N D J 14 F MInventory 126 129 150 150 143 126 121 116 107 107 107 99 106 118 125 121 121 112 107 99 87 85 87 83 78 101 99 103 109 124 112 104 89 86 86 85MSI 8 8 14 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

A 11 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 A M J J A S O N D J 14 F MDays On Market 153 128 66 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 52 108 943 Mo. Roll Avg 116 89 60 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 85

A 11 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 A M J J A S O N D J 14 F MPrice per Sq Ft 358 346 368 288 306 310 325 298 289 306 318 303 309 292 337 377 363 375 395 365 492 347 338 360 361 402 397 426 398 363 417 662 440 402 420 3893 Mo. Roll Avg 357 334 321 301 314 311 304 298 304 309 310 301 313 335 359 372 378 378 417 401 392 348 353 374 387 408 407 396 393 481 506 501 421 404

A 11 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 A M J J A S O N D J 14 F MSale to List Price 0.949 0.922 0.930 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 0.978

3 Mo. Roll Avg 0.934 0.932 0.943 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 0.961

A 11 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 A M J J A S O N D J 14 F M

New Listings 33 25 39 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 33Inventory 126 129 150 150 143 126 121 116 107 107 107 99 106 118 125 121 121 112 107 99 87 85 87 83 78 101 99 103 109 124 112 104 89 86 86 85Sales 16 17 11 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 15

(000's) A 11 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 A M J J A S O N D J 14 F MAvg Sale Price 1,055 778 722 542 641 755 691 766 637 800 617 462 760 603 919 882 806 689 752 934 1,362 600 690 832 727 864 792 1,090 793 690 889 1,606 1,000 726 886 9353 Mo. Roll Avg 852 680 635 646 696 737 698 734 684 626 613 608 761 801 869 792 749 792 1,016 965 884 707 750 808 794 915 892 858 791 1,061 1,165 1,111 871 849

Documents

Carmel Valley Homes Market Action Report Real Estate Sales for March 2014