Carmel Highlands Real Estate Sales Market Action Report for December 2015

MARKET ACTION REPORT

December 2015City: CarmelHighlands

Nicole TruszkowskiSales Associate(831) 238-7449(831) [email protected]

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

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 1/1/2013 through 12/31/2015. Due to MLS reporting methods and allowable reporting policy, this data isonlyinformational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by theMLS'smay not reflect all real estate activity in the market.

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $4,650,000 Average List Price of all Current Listings $5,197,940 December Median Sales Price $1,230,000 $2,525,000December Average Sales Price $1,230,000 $3,255,469Total Properties Currently for Sale (Inventory) 5 December Number of Properties Sold 1 16December Average Days on Market (Solds) 17 239Asking Price per Square Foot (based on New Listings) $0 $1,166December Sold Price per Square Foot $755 $1,010December Month's Supply of Inventory 5.0 4.6December Sale Price vs List Price Ratio 95.0% 90.3%

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

Property Sales December Property sales were 1, equal to 1 in December of 2014 and equal to 0.0% 1 sales last month. December 2015 sales were at their lowest levelcompared to December of 2014 and 2013. December YTD sales of 16 are running 128.6% ahead of last year's year-to-date sales of 7.

Prices The Median Sales Price in December was $1,230,000, down -38.5% from $2,000,000 in December of 2014 and down -15.2% from $1,450,000 last month. TheAverage Sales Price in December was $1,230,000, down -38.5% from $2,000,000 in December of 2014 and down -15.2% from $1,450,000 last month. December 2015 ASP was at a mid range compared to December of 2014 and 2013.







Inventory & MSI The Total Inventory of Properties available for sale as of December was 5, down -37.5% from 8 last month and down -61.5% from 13 in December of last year.December 2015 Inventory was at the lowest level compared to December of 2014 and 2013. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2015 MSI of 5.0 months was at its lowestlevel compared with December of 2014 and 2013.

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 amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 17, down -73.8% from 65days last month and down -64.6% from 48 days in December of last year. The December 2015 DOM was at a mid range compared with December of 2014 and2013.

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 impactedby 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 2015 Selling Price per Square Foot of $755 was up 3.0% from $733 last month and up 65.2% from $457 in December of last year.







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 December 2015 Selling Price vs List Price of 95.0% wasdown from 101.9% last month and up from 76.9% 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 annualseasonality of the market as well as the relationship between these items. The number of New Listings in December 2015 was 0, down -100.0% from 1 lastmonth and equal to 0 in December of last year.


December 2015

City: Carmel HighlandsNicole TruszkowskiSales Associate(831) 238-7449(831) [email protected]



Based on information from MLSListings, Inc for the period 1/1/2013 through 12/31/2015. 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.

J 13 F M A M J 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

Homes Sold 1 0 1 0 3 1 1 0 1 1 1 1 0 0 1 1 1 1 0 1 0 0 1 1 1 2 3 0 0 3 0 2 1 2 1 13 Mo. Roll Avg 1 0 1 1 2 1 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 1 1 1 2 2 1 1 1 2 1 2 1 1

(000's) J 13 F M A M J 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 DMedianSalePrice 1,150 0 1,200 0 2,750 765 2,525 0 2,475 4,500 1,205 1,050 0 0 6,700 1,488 3,200 2,744 0 900 0 0 7,289 2,000 1,650 1,595 1,750 0 0 2,925 0 5,981 3,500 3,063 1,450 1,230

3 Mo. Roll Avg 783 400 1,317 1,172 2,013 1,097 1,667 2,325 2,727 2,252 752 350 2,233 2,729 3,796 2,477 1,981 1,215 300 300 2,430 3,096 3,646 1,748 1,665 1,115 583 975 975 2,969 3,160 4,181 2,671 1,914


Inventory 13 11 12 12 9 9 8 6 7 9 10 10 11 14 12 13 13 13 13 15 16 16 14 13 12 10 13 11 9 9 11 11 9 7 8 5MSI 13 0 12 0 3 9 8 0 7 9 10 10 0 0 12 13 13 13 0 15 0 0 14 13 12 5 4 0 0 3 0 6 9 4 8 5

J 13 F M A M J 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 DDays On Market 237 0 14 0 219 129 30 0 515 118 21 6 0 0 345 103 801 333 0 13 0 0 297 48 0 155 313 0 0 360 0 224 125 418 65 173 Mo. Roll Avg 84 5 78 116 126 53 182 211 218 48 9 2 115 149 416 412 378 115 4 4 99 115 115 68 156 156 104 120 120 195 116 256 203 167

J 13 F M A M J 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 DPrice per Sq Ft 442 0 358 0 888 360 770 0 1,092 1,737 504 502 0 0 1,360 445 1,717 543 0 536 0 0 1,139 457 461 470 1,177 0 0 811 0 1,996 967 1,172 733 7553 Mo. Roll Avg 267 119 415 416 673 377 621 943 1,111 914 335 167 453 602 1,174 902 753 360 179 179 380 532 686 463 703 549 392 270 270 936 988 1,378 957 887

J 13 F M A M J 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 DSale to List Price 0.959 0.000 0.960 0.000 0.919 1.020 1.042 0.000 0.826 0.820 0.942 0.879 0.000 0.000 0.958 0.930 0.916 0.916 0.000 0.720 0.000 0.000 0.917 0.769 0.827 0.975 0.884 0.000 0.000 0.885 0.000 0.938 0.952 0.925 1.019 0.950

3 Mo. Roll Avg 0.640 0.320 0.626 0.646 0.994 0.687 0.623 0.549 0.863 0.880 0.607 0.293 0.319 0.629 0.935 0.921 0.611 0.545 0.240 0.240 0.306 0.562 0.838 0.857 0.895 0.620 0.295 0.295 0.295 0.608 0.630 0.938 0.965 0.965


New Listings 6 0 1 2 1 0 1 0 2 3 1 1 3 3 0 2 0 2 1 2 1 1 1 0 1 2 3 0 1 1 2 2 0 1 1 0Inventory 13 11 12 12 9 9 8 6 7 9 10 10 11 14 12 13 13 13 13 15 16 16 14 13 12 10 13 11 9 9 11 11 9 7 8 5Sales 1 0 1 0 3 1 1 0 1 1 1 1 0 0 1 1 1 1 0 1 0 0 1 1 1 2 3 0 0 3 0 2 1 2 1 1

(000's) J 13 F M A M J 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 DAvg Sale Price 1,150 0 1,200 0 2,592 765 2,525 0 2,475 4,500 1,205 1,050 0 0 6,700 1,488 3,200 2,744 0 900 0 0 7,289 2,000 1,650 1,595 3,852 0 0 3,808 0 5,981 3,500 3,063 1,450 1,230

3 Mo. Roll Avg 783 400 1,264 1,119 1,961 1,097 1,667 2,325 2,727 2,252 752 350 2,233 2,729 3,796 2,477 1,981 1,215 300 300 2,430 3,096 3,646 1,748 2,366 1,816 1,284 1,269 1,269 3,263 3,160 4,181 2,671 1,914

Carmel Highlands Real Estate Sales Market Action Report for December 2015

Documents

Transcript of Carmel Highlands Real Estate Sales Market Action Report for December 2015