monterey homes market action report real estate sales for july 2011

8/6/2019 Monterey Homes Market Action Report Real Estate Sales for July 2011

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July 2011

Price Range: All | Properties: Single Family - Condo - TwnHm

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

July Median Sales Price

July Average Sales Price

Total Properties Currently for Sale (Inventory)

July Number of Properties Sold

July Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

July Sold Price per Square Foot

July Month's Supply of Inventory

July Sale Price vs List Price Ratio

Property Sales

July Property sales were 14, down 6.7% from 15 inJuly of 2010 and 53.3% lower than the 30 sales last

month. July 2011 sales were at their lowest level

compared to July of 2010 and 2009. July YTD sales

of 125 are running 17.9% ahead of last year's year-to-

date sales of 106.

7.4 7.7

93.0% 95.2%* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold

69 100

$373 $352

$271 $317

$465,207 $463,333

103

14 125

$585,000

$666,604

$352,500 $399,000

MARKET ACTION REPORT

City: Monterey

Trending versus*: Trending versus*:

Month YTD

6

8

2 0

1 2

1 9

3 5

1 0

1 2

7

1 4

1 9

2 1

1 4

2 0

9

1 8

1 2

8

1 3

1 9

1 7

2 2

1 5

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1 2

1 4

2 1

8

1 8

1 6

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2 5

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0

5

10

15

20

25

30

35

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 J F M A M J J

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

l d f l h d d

Median Sales Price and Average Sales Price

The Median Sales Price in July was $352,500, down

17.1% from $425,000 in July of 2010 and down 5.5%

from $373,000 last month. The Average Sales Price

in July was $465,207, up 2.6% from $453,233 in July of 2010 and up 11.6% from $416,686 last month.

July 2011 ASP was at a mid range compared to July of

2010 and 2009.

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

6

8

2 0

1 2

1 9

3 5

1 0

1 2

7

1 4

1 9

2 1

1 4

2 0

9

1 8

1 2

8

1 3

1 9

1 7

2 2

1 5

1 3

1 7

1 2

1 4

2 1

8

1 8

1 6

1 4

2 5

3 0

1 4

0

5

10

15

20

25

30

35

A08

S O N D J09

F M A M J J A S O N D J10


F M A M J J

200

300

400

500

600

700

800

A08

S O N D J09



F M A M J J

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

8 35

40

160

180

(000's)

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449




July 2011


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 July

2011 Selling Price per Square Foot of $271 was down

8.3% from $295 last month and down 16.7% from 325

in July of last year.

MARKET ACTION REPORT

City: Monterey

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 July was 69, down 36.1% from 108 days last

month and down 26.6% from 94 days in July of last

year. The July 2011 DOM was at its lowest levelcompared with July of 2010 and 2009.

Selling Price per Square Foot

114

94

69

0

2040

6080

100120

140160

180200

A08

S O N D J09



F M A M J J

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

378

325

271

250

300

350

400

450

500

550

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 J F M A M J J

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 July 2011 Selling Price vs Original List Price of

93.0% was down from 96.5% last month and down from

94.4% in July of last year.


114

94

69

0

2040

6080

100120

140160

180200

A08

S O N D J09



F M A M J J

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

378

325

271

250

300

350

400

450

500

550

A08

S O N D J09



F M A M J J

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

93.5%94.4%

93.0%

85%

87%

89%

91%

93%

95%

97%

99%

101%

103%

105%

A08

S O N D J09



F M A M J J

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




July 2011


Inventory / Listings / Sales

City: Monterey


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 July 2011 was 33, up 37.5%

from 24 last month and up 37.5% from 24 in July of last year.

1 6 8

1 5 9

4 3

1 4 7

9 94

5140

160

180 Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHmData 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

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.

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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 J 11 F M A M J J

Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


monterey homes market action report real estate sales for july 2011

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