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MARKET ACTION REPORT
April 2014
City: Salinas Monterey Highway
Nicole 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 5/1/2011 through 4/30/2014. 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 $1,349,000 Average List Price of all Current Listings $1,670,516 April Median Sales Price $679,900 $665,000April Average Sales Price $724,093 $701,911Total Properties Currently for Sale (Inventory) 63 April Number of Properties Sold 15 47April Average Days on Market (Solds) 92 80Asking Price per Square Foot (based on New Listings) $342 $360April Sold Price per Square Foot $287 $289April Month's Supply of Inventory 4.2 5.3April Sale Price vs List Price Ratio 96.0% 96.9%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales April Property sales were 15, down -16.7% from 18 in April of 2013 and 7.1% higher than the 14 sales last month. April 2014 sales were at their lowest levelcompared to April of 2013 and 2012. April YTD sales of 47 are running -33.8% behind last year's year-to-date sales of 71.
Prices The Median Sales Price in April was $679,900, up 20.3% from $565,000 in April of 2013 and up 9.7% from $620,000 last month. The Average Sales Price inApril was $724,093, up 4.2% from $694,704 in April of 2013 and down -2.2% from $740,143 last month. April 2014 ASP was at highest level compared toApril of 2013 and 2012.
MARKET ACTION REPORT
April 2014
City: Salinas Monterey Highway
Nicole 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 5/1/2011 through 4/30/2014. 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 April was 63, up 6.8% from 59 last month and down -16.0% from 75 in April of last year. April 2014Inventory was at the lowest level compared to April of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2014 MSI of 4.2 months was at a mid rangecompared with April 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 April was 92, up 4.5% from 88 days lastmonth and up 26.0% from 73 days in April of last year. The April 2014 DOM was at a mid range compared with April 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 April 2014 Selling Price per Square Foot of $287 was down -7.4% from $310 last month and up 6.7% from $269 in April of last year.
MARKET ACTION REPORT
April 2014
City: Salinas Monterey Highway
Nicole 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 5/1/2011 through 4/30/2014. 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 April 2014 Selling Price vs List Price of 96.0% wasdown from 96.7% last month and down from 97.6% in April 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 April 2014 was 25, up 8.7% from 23 last month andup 4.2% from 24 in April of last year.
MARKET ACTION REPORT
April 2014
City: Salinas Monterey Highway
Nicole 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 5/1/2011 through 4/30/2014. 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.
M 11 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 A
Homes Sold 14 21 20 26 17 11 23 21 10 10 27 24 11 14 23 20 17 26 19 19 22 14 17 18 25 22 15 19 17 16 18 16 9 9 14 153 Mo. Roll Avg 18 22 21 18 17 18 18 14 16 20 21 16 16 19 20 21 21 21 20 18 18 16 20 22 21 19 17 17 17 17 14 11 11 13
(000's) M 11 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 AMedianSalePrice 538 558 445 698 590 616 495 476 565 393 500 468 465 610 420 596 590 500 525 450 564 476 470 565 643 567 515 541 700 745 674 622 695 591 620 6803 Mo. Roll Avg 514 567 578 635 567 529 512 478 486 453 478 514 498 542 535 562 538 492 513 497 503 504 559 591 575 541 585 662 706 680 663 636 635 630
M 11 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 AInventory 131 128 129 122 127 120 117 105 99 112 100 103 109 117 104 98 91 82 81 69 74 78 77 75 72 83 76 83 87 81 68 58 57 58 59 63MSI 9 6 6 5 7 11 5 5 10 11 4 4 10 8 5 5 5 3 4 4 3 6 5 4 3 4 5 4 5 5 4 4 6 6 4 4
M 11 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 ADays On Market 180 168 117 84 79 158 97 105 129 124 98 110 75 96 61 116 79 62 70 108 66 56 91 73 76 80 69 89 82 44 121 79 54 76 88 923 Mo. Roll Avg 155 123 93 107 111 120 110 119 117 111 94 94 77 91 85 86 70 80 81 77 71 73 80 76 75 79 80 72 82 81 85 70 73 85
M 11 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 APrice per Sq Ft 234 276 224 281 268 238 238 221 250 210 244 234 224 248 242 234 233 250 231 245 252 224 266 269 248 257 286 272 303 320 312 303 272 277 310 2873 Mo. Roll Avg 245 260 258 262 248 232 236 227 235 229 234 235 238 241 236 239 238 242 243 240 247 253 261 258 264 272 287 298 312 312 296 284 286 291
M 11 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 ASale to List Price 0.949 0.974 0.994 0.952 0.951 0.926 0.958 0.962 0.934 0.969 0.970 0.948 0.952 0.948 0.975 0.964 0.965 0.964 0.975 0.978 0.962 0.995 0.977 0.976 0.972 0.983 0.995 1.001 0.972 0.962 0.964 0.972 0.982 0.997 0.967 0.960
3 Mo. Roll Avg 0.972 0.973 0.966 0.943 0.945 0.949 0.951 0.955 0.958 0.962 0.957 0.949 0.958 0.962 0.968 0.964 0.968 0.972 0.972 0.978 0.978 0.983 0.975 0.977 0.983 0.993 0.989 0.978 0.966 0.966 0.973 0.984 0.982 0.975
M 11 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 A
New Listings 31 29 33 26 30 20 19 14 29 32 20 21 31 32 21 29 22 15 30 13 22 27 29 24 17 22 20 33 25 15 10 9 13 20 23 25Inventory 131 128 129 122 127 120 117 105 99 112 100 103 109 117 104 98 91 82 81 69 74 78 77 75 72 83 76 83 87 81 68 58 57 58 59 63Sales 14 21 20 26 17 11 23 21 10 10 27 24 11 14 23 20 17 26 19 19 22 14 17 18 25 22 15 19 17 16 18 16 9 9 14 15
(000's) M 11 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 AAvg Sale Price 722 854 520 820 765 867 715 487 691 437 749 610 658 888 511 654 724 721 577 567 719 615 696 695 745 645 620 657 864 856 866 844 670 637 740 7243 Mo. Roll Avg 699 731 702 817 782 689 631 538 626 599 672 719 686 684 630 700 674 622 621 634 677 669 712 695 670 641 714 793 862 855 793 717 683 701
