carmel valley homes market action report for real estates sales september 2011

8/4/2019 Carmel Valley Homes Market Action Report for Real Estates Sales September 2011

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September 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

September Median Sales Price

September Average Sales Price

Total Properties Currently for Sale (Inventory)

September Number of Properties Sold

September Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

September Sold Price per Square Foot

September Month's Supply of Inventory

September Sale Price vs List Price Ratio

Property Sales

September Property sales were 14, down 6.7% from15 in September of 2010 and 7.7% higher than the 13

sales last month. September 2011 sales were at a mid

level compared to September of 2010 and 2009.

September YTD sales of 130 are running 6.5% behind

last year's year-to-date sales of 139.

8.6 9.4

94.5% 93.3%* 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

117 112

$332 $412

$313 $335

$775,846 $749,832

121

14 130

$950,000

$1,484,215

$580,000 $582,500

MARKET ACTION REPORT

City: Carmel Valley

Trending versus*: Trending versus*:

Month YTD

9

6

1 0

4 4

1 3

1 6

6

91

1

9

1 3

1 0

5

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5

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0

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10

15

2025

30

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 A S

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 September was $580,000,

up 11.5% from $520,000 in September of 2010 and

up 5.5% from $550,000 last month. The Average

Sales Price in September was $775,846, up 17.4%from $660,717 in September of 2010 and up 21.1%

from $640,846 last month. September 2011 ASP was

at a mid range compared to September of 2010 and

2009.

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

9

6

1

4 4

6

9 91

5

1

0

5

O08

N D J09

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


F M A M J J A S

400

500

600

700

800

900

1,000

1,100

1,200

1,300

O08

N D J09



F M A M J J A S

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

45

50250

(000's)3 Mo Avg



September 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

September 2011 Selling Price per Square Foot of $313

was up 2.4% from $306 last month and down 5.0%

from 330 in September 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 September was 117, up 178.6% from 42 days

last month and up 1.7% from 115 days in September of

last year. The September 2011 DOM was at a mid levelcompared with September of 2010 and 2009.

Selling Price per Square Foot

153

115 117

0

50

100

150

200

250

300

O08

N D J09



F M A M J J A S

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

369

330313

250

300

350

400

450

500

550

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 A S

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 September 2011 Selling Price vs Original List Price

of 94.5% was down from 95.4% last month and down

from 95.6% in September of last year.


250O08

N D J09



F M A M J J A S

92.9%

95.6%94.5%

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

O08

N D J09



F M A M J J A S

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

250 Inventory New Listings Sales

3 Mo Avg



September 2011


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 September 2011 was 12,

down 52.0% from 25 last month and down 47.8% from 23 in September of last year.

3

200

250 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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carmel valley homes market action report for real estates sales september 2011

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