December 2009

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

Prices

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

December was 495, down -20.7% from 624 last month

and down -15.5% from 586 in December of last year.

December 2009 Inventory was at its lowest level

compared with December of 2008 and 2007.

The Median Sales Price in December was $348,000,

down -13.0% from $399,900 in December of 2008

and down -8.4% from $380,000 last month. The

Average Sales Price in December was $614,307, up

27.5% from $481,887 in December of 2008 and up

17.4% from $523,414 last month. December 2009

ASP was at the highest level compared to December

of 2008 and 2007.

Trending versus*:

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

Number of Properties Sold

December Property sales were 41, up 32.3% from 31

in December of 2008 and -26.8% lower than the 56

sales last month. December 2009 sales were at their

highest level compared to December of 2008 and

2007. December YTD sales of 591 are running 7.7%

ahead of last year's year-to-date sales of 549.

$155

85.8%

$190$17115.2

Copyright © Coldwell Banker Burnet | Price Range: All | Property Types: Single Family Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee

the 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.

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

A comparatively lower MSI is more beneficial for sellers

while a higher MSI is better for buyers. The December

2009 MSI of 12.1 months was at its lowest level compared

with December of 2008 and 2007.

12.1

Month YTD

101

$399,000$553,205

41

$176

112

Trending versus*:

591

MLS Area: 381 - Lake Minnetonka

Median Sales Price and Average Sales Price

MARKET ACTION REPORT

87.1%

$699,000$1,128,478

$348,000$614,307

495

25 2

9

39

56

64

82

62

61

47 49

59

31

28 3

4

44 5

0

63

72

63

60

44

29

23 2

9

42

38

54 6

0

70

60

44

74

56

40

31

41

0

10

20

30

40

50

60

70

80

90

J

07

F M A M J J A S O N D 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

200300400500600700800900

1,0001,1001,200

J

07

F M A M J J A S O N D 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

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

477

507 5

93 638 695

712

720

717

721

663

600

558 601 643 688 7

51

774

797

779

768

745

682

589

609 649 702 755 797

790

785

753

695

624

495

586

513

0

100

200

300

400

500

600

700

800

900

J

07

F M A M J J A S O N D 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

0

5

10

15

20

25

30

(000's)

3 Mo Avg

3 Mo Avg

David A. CohenRealtor

www.EquityDefender.com

612-819-4077

December 2009

Market Time

Selling Price per Square Foot

Selling Price vs Original Listing Price

Inventory / New Listings / Sales

Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee

the 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.

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 2009 Selling Price vs Original List Price

of 87.1% was down from 90.7% last month and up from

85.9% in December 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 annual

seasonality of the market as well as the relationship

between these items. The number of New Listings in

December 2009 was 51, down -47.4% from 97 last

month and down -23.9% from 67 in December of last

year.

Copyright © Coldwell Banker Burnet | Price Range: All | Property Types: Single Family

Selling Price versus Listing Price Ratio

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 112, up 20.4% from 93 days last month

and up 23.1% from 91 days in December of last year.

The December 2009 DOM was at a mid level compared

with December of 2008 and 2007.

MARKET ACTION REPORT

Days On Market for Sold Properties

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 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 2009 Selling Price per Square Foot of $176

was up 5.2% from $168 last month and up 8.7% from

162 in December of last year.

Selling Price per Square Foot

MLS Area: 381 - Lake Minnetonka

117

91

112

50

70

90

110

130

150

170

190

J

07

F M A M J J A S O N D 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

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

176162

190

100

150

200

250

300

350

J

07

F M A M J J A S O N D 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

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

90.1%

85.9%87.1%

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

J

07

F M A M J J A S O N D 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

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

477

507 5

93 638 695

712

720

717

721

663

600

558 601 643 688 751

774

797

779

768

745

682

589

609 649 702 755 797

790

785

753

695

624

4955

86

513

0

100

200

300

400

500

600

700

800

900

J

07

F M A M J J A S O N D 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

Inventory New Listings Sales

3 Mo Avg

3 Mo Avg

3 Mo Avg

David A. CohenRealtor

www.EquityDefender.com

612-819-4077