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Monterey Homes for Sale June 2014 real estate sales activity market reports specific to Monterey. 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: MontereyNicole 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 $714,823 Average List Price of all Current Listings $799,934 June Median Sales Price $416,300 $563,750June Average Sales Price $502,792 $586,639Total Properties Currently for Sale (Inventory) 78 June Number of Properties Sold 12 108June Average Days on Market (Solds) 38 58Asking Price per Square Foot (based on New Listings) $426 $440June Sold Price per Square Foot $375 $400June Month's Supply of Inventory 6.5 3.8June Sale Price vs List Price Ratio 97.0% 98.3%
* 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 12, down -47.8% from 23 in June of 2013 and -58.6% lower than the 29 sales last month. June 2014 sales were at their lowest levelcompared to June of 2013 and 2012. June YTD sales of 108 are running -21.2% behind last year's year-to-date sales of 137.
Prices The Median Sales Price in June was $416,300, down -23.6% from $545,000 in June of 2013 and down -33.1% from $622,500 last month. The Average SalesPrice in June was $502,792, down -9.9% from $557,775 in June of 2013 and down -19.8% from $626,901 last month. June 2014 ASP was at a mid rangecompared to June of 2013 and 2012.
MARKET ACTION REPORT
June 2014
City: MontereyNicole 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 78, up 18.2% from 66 last month and up 6.8% from 73 in June of last year. June 2014Inventory was at a mid range 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 6.5 months was at its highest 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 38, down -7.3% from 41 dayslast month and down -15.6% from 45 days in June of last year. The June 2014 DOM was at its lowest level 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 $375 was down -10.5% from $419 last month and up 4.5% from $359 in June of last year.
MARKET ACTION REPORT
June 2014
City: MontereyNicole 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 97.0% was downfrom 97.5% last month and down from 99.6% 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 34, up 47.8% from 23 last month andup 13.3% from 30 in June of last year.
MARKET ACTION REPORT
June 2014
City: MontereyNicole 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 14 22 21 13 15 23 17 24 21 25 25 23 21 23 20 18 20 26 23 16 24 27 24 23 22 28 25 20 23 22 15 15 16 21 29 123 Mo. Roll Avg 19 19 16 17 18 21 21 23 24 24 23 22 21 20 19 21 23 22 21 22 25 25 23 24 25 24 23 22 20 17 15 17 22 21
(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 353 375 428 480 425 350 405 435 400 420 353 375 395 425 431 330 530 404 480 390 440 450 583 545 527 595 627 578 536 463 575 555 593 560 623 4163 Mo. Roll Avg 385 428 444 418 393 397 413 418 391 383 374 398 417 395 430 421 471 425 437 427 491 526 551 556 583 600 580 526 525 531 574 569 592 533
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 118 109 113 114 108 89 78 87 79 79 75 81 80 83 74 79 66 51 55 51 64 62 67 73 73 71 71 62 61 49 53 53 66 65 66 78MSI 8 5 5 9 7 4 5 4 4 3 3 4 4 4 4 4 3 2 2 3 3 2 3 3 3 3 3 3 3 2 4 4 4 3 2 7
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 69 61 78 144 149 71 80 81 76 85 59 74 81 54 96 64 97 89 74 132 63 49 44 45 53 54 46 60 63 79 69 60 78 69 41 383 Mo. Roll Avg 69 94 124 121 100 77 79 81 73 73 71 70 77 71 86 83 87 98 90 81 52 46 47 51 51 53 56 67 70 69 69 69 63 49
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 271 307 331 296 271 286 299 270 336 296 296 283 295 347 345 330 330 314 281 312 340 306 406 359 395 356 416 429 365 371 372 397 416 399 419 3753 Mo. Roll Avg 303 311 299 284 285 285 302 301 309 292 291 308 329 341 335 325 308 302 311 319 351 357 387 370 389 400 403 388 369 380 395 404 411 398
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 0.930 0.975 0.952 0.971 0.960 0.986 0.961 0.982 0.967 0.991 0.985 0.980 0.979 0.972 0.963 0.962 0.959 0.983 0.993 0.997 0.974 0.984 1.001 0.996 0.986 0.993 0.985 0.993 0.975 0.969 0.975 0.982 0.991 1.012 0.975 0.970
3 Mo. Roll Avg 0.952 0.966 0.961 0.972 0.969 0.976 0.970 0.980 0.981 0.985 0.981 0.977 0.971 0.966 0.961 0.968 0.978 0.991 0.988 0.985 0.986 0.994 0.994 0.992 0.988 0.990 0.984 0.979 0.973 0.975 0.983 0.995 0.993 0.986
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 33 24 22 27 27 16 25 40 25 26 26 32 31 24 23 23 20 14 26 24 35 28 33 30 34 28 28 20 19 14 22 21 34 35 23 34Inventory 118 109 113 114 108 89 78 87 79 79 75 81 80 83 74 79 66 51 55 51 64 62 67 73 73 71 71 62 61 49 53 53 66 65 66 78Sales 14 22 21 13 15 23 17 24 21 25 25 23 21 23 20 18 20 26 23 16 24 27 24 23 22 28 25 20 23 22 15 15 16 21 29 12
(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 465 400 429 489 445 362 404 380 488 424 471 408 390 534 443 403 586 440 424 445 436 509 565 558 590 593 645 590 511 565 602 601 586 559 627 5033 Mo. Roll Avg 431 439 454 432 404 382 424 431 461 434 423 444 456 460 477 476 484 437 435 463 503 544 571 581 609 609 582 555 559 589 596 582 590 563
