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

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

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November 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

November Median Sales Price

November Average Sales Price

Total Properties Currently for Sale (Inventory)

November Number of Properties Sold

November Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

November Sold Price per Square Foot

November Month's Supply of Inventory

November Sale Price vs List Price Ratio

Property Sales

November Property sales were 10, up 150.0% from 4in November of 2009 and 11.1% higher than the 9

sales last month. November 2010 sales were at their

highest level compared to November of 2009 and

2008. November YTD sales of 119 are running 77.6%

ahead of last year's year-to-date sales of 67.

12.0 13.1

92.0% 89.3%* 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

91 133

$415 $464

$330 $378

$663,500 $971,445

120

10 119

$1,142,450

$2,016,773

$597,500 $690,000

MARKET ACTION REPORT

City: Carmel Valley

Trending versus*: Trending versus*:

Month YTD

4 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

0

0

2

4

6

8

10

12

14

16

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 J F M A M J J A S O N

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 November was $597,500,

up 14.1% from $523,750 in November of 2009 and

down 37.1% from $950,000 last month. The Average

Sales Price in November was $663,500, up 36.6%from $485,550 in November of 2009 and down

26.7% from $905,428 last month. November 2010

ASP was at a mid range compared to November of

2009 and 2008.

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

4 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

0

0

2

4

6

8

10

12

14

16

D07

J08

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


F M A M J J A S O N

400

900

1,400

1,900

2,400

2,900

D07

J08



F M A M J J A S O N

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




November 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

November 2010 Selling Price per Square Foot of $330

was down 7.3% from $356 last month and up 13.8%

from 290 in November 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 November was 91, down 25.4% from 122 days

last month and equal to 91 days in November of last

year. The November 2010 DOM was at its lowest levelcompared with November of 2009 and 2008.

Selling Price per Square Foot

131

91 91

50

100

150

200

250

300

350

400

450

D07

J08



F M A M J J A S O N

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

447

290

330

250

300

350

400

450

500550

600

650

700

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 J F M A M J J A S O N

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 November 2010 Selling Price vs Original List Price

of 92.0% was down from 94.2% last month and up from

87.5% in November of last year.


131

91 91

50

100

150

200

250

300

350

400

450

D07

J08



F M A M J J A S O N

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

447

290

330

250

300

350

400

450

500550

600

650

700

D07

J08



F M A M J J A S O N

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

93.7%

87.5%

92.0%

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

D07

J08



F M A M J J A S O N

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




November 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 November 2010 was 17, up

21.4% from 14 last month and down 10.5% from 19 in November 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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Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


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

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