Carmel Real Estate Sales Market Report For May 2016

May 2016
MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
[email protected]
City: Carmel, Carmel By The

Sea, Carmel Highlands
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Trending Versus*:
Market Profile & Trends Overview

Median List Price of all Current Listings
Average List Price of all Current Listings
May Median Sales Price
May Average Sales Price
Total Properties Currently for Sale (Inventory)
May Number of Properties Sold
May Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
May Sold Price per Square Foot
May Month's Supply of Inventory
May Sale Price vs List Price Ratio
Month
LM
L3M PYM
Trending Versus*:
LY
$1,996,500
$3,136,806
$1,250,000
$1,796,585
158
25
89
$911
$709
6.3
94.4%
YTD
PriorYTD
PriorYear
$1,212,500
$1,721,812
142
81
$971
$867
5.5
93.6%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales
May Property sales were 25, down -28.6% from 35 in May of 2015 and -34.2% lower than the 38 sales last month. May 2016 sales were at their lowest level
compared to May of 2015 and 2014. May YTD sales of 142 are running -15.5% behind last year's year-to-date sales of 168.
Prices
The Median Sales Price in May was $1,250,000, up 13.6% from $1,100,000 in May of 2015 and down -2.9% from $1,287,500 last month. The Average Sales
Price in May was $1,796,585, up 29.6% from $1,386,071 in May of 2015 and down -2.8% from $1,848,789 last month. May 2016 ASP was at highest level
compared to May of 2015 and 2014.
Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 6/1/2013 through 5/31/2016. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.
May 2016

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
[email protected]

Inventory & MSI

The Total Inventory of Properties available for sale as of May was 158, up 3.9% from 152 last month and down -11.2% from 178 in May of last year. May
2016 Inventory was at the lowest level compared to May of 2015 and 2014.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2016 MSI of 6.3 months was at its highest level
compared with May of 2015 and 2014.
Market Time
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 May was 89, up 8.5% from 82 days last
month and down -28.2% from 124 days in May of last year. The May 2016 DOM was at its lowest level compared with May of 2015 and 2014.
Selling Price per Square Foot

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 May 2016 Selling Price per Square Foot of $709 was down -22.2% from $911 last month and up 6.0% from $669 in May of last year.
May 2016

Nicole Truszkowski

Sales Associate
(831) 238-7449
(831) 624-2457
[email protected]
Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their 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 May 2016 Selling Price vs List Price of 94.4% was up
from 94.2% last month and down from 96.8% in May 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 May 2016 was 55, up 22.2% from 45 last month and
up 3.8% from 53 in May of last year.
May 2016

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
[email protected]
City: Carmel, Carmel By The Sea, Carmel

Highlands
Homes Sold
3 Mo. Roll Avg
(000's)
MedianSalePrice
3 Mo. Roll Avg
J 13
31
J
36
J 13
910
1,120
A
34
34
S
30
33
O
25
30
A
S
O
737 1,000 785
922 952 841
N
24
26
D J 14
44 22
31 30
F
34
33
M
35
30
A
35
35
M
48
39
J
34
39
J
40
41
A
41
38
S
25
35
O
39
35
N
23
29
D J 15
24 23
29 23
F
32
26
M
45
33
A
33
37
M
35
38
J
37
35
J
43
38
A
26
35
D J 14
D J 15
A
971
979
1,438 1,156 985 1,368 1,080 1,200 1,060 1,406 1,033 975 1,130 1,237 1,525 1,034 1,125 1,260 940 1,175 1,100 985 980
1,074 1,126 1,193 1,170 1,144 1,216 1,113 1,222 1,166 1,138 1,046 1,114 1,297 1,265 1,228 1,140 1,108 1,125 1,072 1,087 1,022
S
35
35
O
29
30
N
28
31
D J 16
40 28
32 32
F
22
30
M
29
26
A
38
30
M
25
31
D J 16
1,375 1,284 1,383 1,413 1,349 1,323 969 1,288 1,250

1,109 1,210 1,347 1,360 1,381 1,361 1,214 1,193 1,169
J 13
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
A
S
O
N
D J 16
F M
A M
208 223 228 230 207 191 187 203 205 204 198 206 210 189 203 196 198 185 175 175 185 172 172 178 186 186 187 178 182 168 140 139 148 154 152 158
7
6
7
8
8
8
4
9
6
6
6
4
6
5
5
8
5
8
7
8
6
4
5
5
5
4
7
5
6
6
4
5
7
5
4
6
Inventory
MSI
Days On Market
3 Mo. Roll Avg
J 13
J
100 106
A
S
O
N
D J 14
F M
A M
J
61 132 107 119 107 134 108 99 109 96 109
89 100 100 119 111 120 116 114 105 101 105
J
56
87
A
89
85
S
92
79
O
N
D J 15
F M
A M
J
J
80 129 137 88 100 108 113 124 99 102
87 100 115 118 108 99 107 115 112 108
A
80
94
S
O
N
D J 16
92 119 96 104 88
91 97 102 106 96
F
85
92
M
64
79
A
82
77
M
89
78
J 13
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
A
S
O
N
D J 16
F M
A M
700 603 603 700 674 845 641 794 702 684 731 710 688 700 626 785 797 888 692 590 750 684 693 669 695 678 673 774 790 774 749 990 1,016 715 911 709
635 635 659 740 720 760 712 727 706 708 710 699 671 704 736 823 792 723 677 675 709 682 686 681 682 708 746 779 771 838 918 907 881 778
Price per Sq Ft
3 Mo. Roll Avg
J 13
D J 14
D J 15
D J 16
Sale to List Price

3 Mo. Roll Avg
0.990 0.955 0.963 0.944 0.959 0.939 0.946 0.964 0.945 0.944 0.945 0.952 0.957 0.956 0.950 0.949 0.958 0.935 0.947 0.957 0.941 0.962 0.952 0.968 0.957 0.964 0.968 0.964 0.954 0.963 0.936 0.956 0.962 0.955 0.942 0.944
0.969 0.954 0.955 0.947 0.948 0.950 0.952 0.951 0.945 0.947 0.951 0.955 0.954 0.952 0.952 0.947 0.947 0.946 0.948 0.953 0.952 0.961 0.959 0.963 0.963 0.965 0.962 0.960 0.951 0.952 0.951 0.958 0.953 0.947
New Listings
Inventory
Sales
J 13
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
A
S
O
N
D J 16
F M
A M
52 60 55 30 36 43 34 66 48 50 56 58 46 32 43 42 39 31 35 43 59 47 44 53 63 42 54 28 45 29 15 46 40 55 45 55
208 223 228 230 207 191 187 203 205 204 198 206 210 189 203 196 198 185 175 175 185 172 172 178 186 186 187 178 182 168 140 139 148 154 152 158
31 36 34 30 25 24 44 22 34 35 35 48 34 40 41 25 39 23 24 23 32 45 33 35 37 43 26 35 29 28 40 28 22 29 38 25
(000's)
Avg Sale Price

3 Mo. Roll Avg
J 13
D J 14
D J 15
D J 16
1,092 1,240 1,033 1,380 1,169 1,824 1,593 1,652 1,427 1,403 1,593 1,414 1,571 1,341 1,123 1,529 1,530 2,087 1,617 1,156 1,668 1,535 1,449 1,386 1,454 1,300 1,660 1,635 1,654 1,558 1,570 1,951 1,723 1,269 1,849 1,797
1,122 1,218 1,194 1,458 1,528 1,690 1,557 1,494 1,474 1,470 1,526 1,442 1,345 1,331 1,394 1,716 1,745 1,620 1,481 1,453 1,551 1,457 1,430 1,380 1,471 1,531 1,649 1,615 1,594 1,693 1,748 1,648 1,614 1,638
Based on information from MLSListings, Inc for the period 6/1/2013 through 5/31/2016. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.
Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

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May 2016

MARKET ACTION REPORT

City: Carmel, Carmel By The

Market Profile & Trends Overview

MARKET ACTION REPORT

City: Carmel, Carmel By The

Inventory & MSI

Selling Price per Square Foot

MARKET ACTION REPORT

City: Carmel, Carmel By The

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Selling Price vs Listing Price

Inventory / New Listings / Sales

MARKET ACTION REPORT

City: Carmel, Carmel By The Sea, Carmel

1,375 1,284 1,383 1,413 1,349 1,323 969 1,288 1,250

Sale to List Price

Avg Sale Price

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