carmel valley homes market action report real estates sales for dec 2010

8/7/2019 Carmel Valley Homes Market Action Report Real Estates Sales for Dec 2010

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December 2010

Price Range: All | Properties: Single Family

Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year

Median List Price of all Current Listings

Average List Price of all Current Listings

December Median Sales Price

December Average Sales Price

Total Properties Currently for Sale (Inventory)

December Number of Properties Sold

December Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

December Sold Price per Square Foot

December Month's Supply of Inventory

December Sale Price vs List Price Ratio

Property Sales

December Property sales were 11, down 8.3% from 12in December of 2009 and 10.0% higher than the 10

sales last month. December 2010 sales were at a mid

level compared to December of 2009 and 2008.

December YTD sales of 130 are running 64.6% ahead

of last year's year-to-date sales of 79.

9.0 12.8

92.7% 89.6%* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold

136 133

$497 $464

$297 $371

$722,718 $950,398

99

11 130

$1,195,000

$2,161,801

$740,000 $698,000

MARKET ACTION REPORT

City: Carmel Valley

Trending versus*: Trending versus*:

Month YTD

4

3 3

6

5

8

5 5

6 6

4 4

2

4

9

7

5

8 8

5

8

7

4

1 2

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1 1

6

1 4

1 5

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1 3

91

01

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4

6

8

10

12

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

3 Mo Avg

Nicole Truszkowski

CIPS, CLHMS, TRC, Broker Associate

[email protected]

831-238-7449

www.EstatesofCarmel.com

Prices

Inventory & MSIThe Total Inventory of Properties available for sale as of

b d f l h d

Median Sales Price and Average Sales Price

The Median Sales Price in December was $740,000,

down 3.0% from $762,500 in December of 2009 and

up 23.8% from $597,500 last month. The Average

Sales Price in December was $722,718, down 24.9%from $962,833 in December of 2009 and up 8.9%

from $663,500 last month. December 2010 ASP was

at the lowest level compared to December of 2009

and 2008.

Total Inventory & Month's Supply of Inventory (MSI)

4

3 3

6

5

8

5 5

6 6

4 4

2

4

9

7

5

8 8

5

8

7

4

1 2

9

1 2

1 1

6

1 4

1 5

1 3

7

1 3

91

01

1

0

2

4

6

8

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16

J08

F M A M J J A S O N D J09


F M A M J J A S O N D

400

900

1,400

1,900

2,400

2,900

J08



F M A M J J A S O N D

Median means Middle (the same # of properties sold above and below the Median)

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

60

70

160

180

(000's)

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449




December 2010


Market Time

Selling Price per Square FootThe 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 impacted by 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

December 2010 Selling Price per Square Foot of $297

was down 10.1% from $330 last month and down 22.2%

from 381 in December of last year.

MARKET ACTION REPORT

City: Carmel Valley

Days On Market for Sold Properties

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 a

move towards more of a Buyer's market, a downward

trend a move towards more of a Seller's market. The

DOM for December was 136, up 49.5% from 91 days last

month and up 24.8% from 109 days in December of last

year. The December 2010 DOM was at a mid levelcompared with December of 2009 and 2008.

Selling Price per Square Foot

129109

136

Average Days on Market (Listing to Contract) for properties sold during the month

434

381

297

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449


Selling Price vs Original Listing Price

Inventory / New Listings / Sales

Selling Price versus Listing Price Ratio

The Selling Price vs Original Listing Price reveals the

average amount that Sellers are agreeing to come down

from their original 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 December 2010 Selling Price vs Original List Price

of 92.7% was up from 92.0% last month and up from

87.3% in December of last year.


129109

136

Average Days on Market (Listing to Contract) for properties sold during the month

434

381

297

Average Selling Price per Square Foot for properties that sold during the month

88.4%87.3%

92.7%

Avg Selling Price divided by Avg Listing Price for sold properties during the month

180 Inventory New Listings Sales

3 Mo Avg

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449




December 2010


Inventory / Listings / Sales

City: Carmel Valley


This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2010 was 4, down

76.5% from 17 last month and down 69.2% from 13 in December of last year.

4

4 1 5 5

1 4 9

1 5 2

4 2

140

160

180 Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single FamilyData is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s International Realty does not warrant or guarantee

he accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

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J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D

Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


carmel valley homes market action report real estates sales for dec 2010

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