market action report - city_ carmel - jun2010
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8/9/2019 Market Action Report - City_ Carmel - Jun2010
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June 2010
Price Range: Below to 100,000,000 | Properties: Single Family
Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year
Median List Price of all Current Listings 3% -5%
Average List Price of all Current Listings 2% 2%
June Median Sales Price 42% 39% 16% 36% -11% -4%
June Average Sales Price 37% 35% 33% 20% -16% -8%
Total Properties Currently for Sale (Inventory) 4% 2%
June Number of Properties Sold -20% 50% 40%
June Average Days on Market (Solds) - 40 % - 24 % - 28% -2 6% 6% 1%
Asking Price per Square Foot (based on New Listings) -2% -2% -15% -11% -14% -9%
June Sold Price per Square Foot 46% 22% 10% 14% -13% -7%
June Month's Supply of Inventory 29% 13% -32% -1% -38% -18%
June Sale Price vs List Price Ratio -2.1% 1.6% -2.7% 2.8% 2.2% 2.4%
Property Sales
Prices
Inventory & MSIThe Total Inventory of Properties available for sale as of
The Median Sales Price in June was $1,627,500, up
16.5% from $1,397,500 in June of 2009 and up
41.5% from $1,150,000 last month. The Average
Sales Price in June was $1,837,083, up 33.4% from
$1,377,000 in June of 2009 and up 37.2% from
$1,339,117 last month. June 2010 ASP was at a mid
range compared to June of 2009 and 2008.
Trending versus*:
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-da te | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
Number of Properties Sold
June Property sales were 12, up 50.0% from 8 inJune of 2009 and 20.0% lower than the 15 sales last
month. June 2010 sales were at a mid level
compared to June of 2009 and 2008. June YTD
sales of 73 are running 40.4% ahead of last year's
year-to-date sales of 52.
$835
90.9%
$853
$753
14.1
Total Inventory & Month's Supply of Inventory (MSI)
17.0
Month YTD
137
$1,150,000
$1,399,860
12
$919
101
Trending versus*:
73
City: Carmel
Median Sales Price and Average Sales Price
MARKET ACTION REPORT
91.3%
$1,492,000
$2,153,524
$1,627,500
$1,837,083
204
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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 Pace250 35
(000's)
3 Mo Avg
3 Mo Avg
Nicole TruszkowskiCIPS,CLHMS,TRC
831-238-7449
www.estatesofcarmel.com
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June 2010
Price Range: Below to 100,000,000 | Properties: Single Family
Market Time
Selling Price per Square Foot
Selling Price vs Original Listing Price
Inventory / New Listings / Sales
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 June 2010 Selling Price vs Original List Price of
91.3% was down from 93.3% last month and down from
93.8% in June of last year.
Inventory / New Listings / Sales
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
June was 101, down 39.9% from 168 days last month
and down 28.4% from 141 days in June of last year. The
June 2010 DOM was at its lowest level compared withJune of 2009 and 2008.
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 June
2010 Selling Price per Square Foot of $919 was up
45.7% from $631 last month and up 10.2% from 834 in
June of last year.
Selling Price per Square Foot
City: Carmel
137 141
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Average Days on Market (Listing to Contract) for properties sold during the month
1092
834
919
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Average Selling Price per Square Foot for properties that sold during the month
92.2%
93.8%
91.3%
80%
82%84%
86%
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100%
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Avg Selling Price divided by Avg Listing Price for sold properties during the month
250 Inventory New Listings Sales
3 Mo Avg
3 Mo Avg
3 Mo Avg
Nicole TruszkowskiCIPS,CLHMS,TRC
831-238-7449
www.estatesofcarmel.com
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June 2010
Price Range: Below to 100,000,000 | Properties: Single Family
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.
Copyright © Sotheby’s International Realty | Price Range: Below to 100,000,000 | Property Types: Single Family
Inventory / Listings / Sales
City: Carmel
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 basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in June 2010 was 40, down
25.9% from 54 last month and up 42.9% from 28 in June of last year.
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of
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Inventor New Listin s Sales
Nicole Truszkowski
CIPS,CLHMS,TRC
831-238-7449
www.estatesofcarmel.com