Carmel Homes Market Action Report Real Estate Sales for April 2011

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8/7/2019 Carmel Homes Market Action Report Real Estate Sales for April 2011

http://slidepdf.com/reader/full/carmel-homes-market-action-report-real-estate-sales-for-april-2011 1/3

 April 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

 April Median Sales Price

 April Average Sales Price

Total Properties Currently for Sale (Inventory)

 April Number of Properties Sold

 April Average Days on Market (Solds)

 Asking Price per Square Foot (based on New Listings)

 April Sold Price per Square Foot

 April Month's Supply of Inventory 

 April Sale Price vs List Price Ratio

Property Sales

Prices

Inventory & MSIThe Total Inventory of Properties available for sale as of 

il f l h d d

Trending versus*:

* 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

 April Property sales were 15, up 15.4% from 13 in April of 2010 and 34.8% lower than the 23 sales last

month. April 2011 sales were at their highest level

compared to April of 2010 and 2009. April YTD sales

of 74 are running 48.0% ahead of last year's year-to-

date sales of 50.

$784

92.6%

$868

$703

9.0

$741

118

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

The Median Sales Price in April was $1,075,000,

down 13.1% from $1,237,500 in April of 2010 and up

3.9% from $1,035,000 last month. The Average Sales

Price in April was $1,347,200, up 8.7% from$1,239,038 in April of 2010 and up 0.3% from

$1,343,810 last month. April 2011 ASP was at a mid

range compared to April of 2010 and 2009.

$1,223,235

15

MARKET ACTION REPORT

107

95.2%

$1,492,000

$2,134,331

$1,075,000

$1,347,200

170

Trending versus*:

$962,500

 City: Carmel 

Median Sales Price and  Average Sales Price

74

11.3

Month YTD

        1        1

        2        3

        1        1

1        3 1

        4

        1        7

        8                7 7

        1        2

        1        2

        78

        1        5

        1        8

        1        5

        2        3

        1        3

1        5

        91

        1

        1        7

1        9

        1        4

        2        0

        1        9

        6

        2        8

        9

        1        4

1        6

        2        0

        2        3

        7

        1        3

1        5

0

5

10

15

2025

30

M

08

J J A 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

700

900

1,100

1,300

1,500

1,700

1,900

2,100

M

08

J J A 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

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

9

250

35

40

(000's)

3 Mo Avg

3 Mo Avg

Nicole TruszkowskiCIPS, CLHMS, TRC, Broker Associate

Nicole@EstatesofCarmel.com

831-238-7449

 www.EstatesofCarmel.com

8/7/2019 Carmel Homes Market Action Report Real Estate Sales for April 2011

http://slidepdf.com/reader/full/carmel-homes-market-action-report-real-estate-sales-for-april-2011 2/3

 April 2011

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

Market Time

Selling Price per Square Foot

Selling Price vs Original Listing Price

Inventory / New Listings / Sales

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 April

2011 Selling Price per Square Foot of $741 was down

5.8% from $786 last month and down 8.3% from 808 in

 April of last year.

Selling Price per Square Foot

 City: Carmel 

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

 April was 107, down 15.1% from 126 days last month and

down 27.7% from 148 days in April of last year. The

 April 2011 DOM was at its lowest level compared with April of 2010 and 2009.

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 April 2011 Selling Price vs Original List Price of 

95.2% was up from 95.0% last month and up from

92.9% in April of last year.

Inventory / New Listings / Sales

157148

107

50

70

90

110

130

150

170

190

M

08

J J A 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

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

843 808

741

500

600

700

800

900

1,000

1,100

M

08

J J A 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

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

94.6%

92.9%

95.2%

80%

82%84%

86%

88%

90%

92%

94%

96%

98%

100%

M

08

J J A 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

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, Broker Associate

Nicole@EstatesofCarmel.com

831-238-7449

 www.EstatesofCarmel.com

8/7/2019 Carmel Homes Market Action Report Real Estate Sales for April 2011

http://slidepdf.com/reader/full/carmel-homes-market-action-report-real-estate-sales-for-april-2011 3/3

 April 2011

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

Inventory / Listings / Sales

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 April 2011 was 28, down

24.3% from 37 last month and down 36.4% from 44 in April of last year.

 City: Carmel 

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: 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

       1        8

       5 1        9       4

       1        9        2

        2        0       7

       1

        8       7

       1        8        0

       1       7        9

       1       7       5

       1        6       1

1       7       4 1

        8       7

        2        0       5

        2        0        8

        2        0        9

        2        0        3

       1        9       4

       1        8        0

       1        6       7

       1       4       5

       1        3       7

       1        6        0

       1        6        3

        2        0                9 2

       1        9

        2        2       5

        2        2        9

        2        0        8

        2        0        0

       1       7       5

       1       5        9

       1       5       4

       1        6        0

       1        6       4

        2        0       1

       1       7        8

       1       7        0

        2        6

        4        0

        3        1

        3        1

        1        7

        3        0

        2        6

        2        5

        2        7

3        4

        2        8

        4        2

        3        1

        3        2 3

        8

        2        9

        2        5

        2        6

        1        7

        1        4

        2        4

        4        5

        3        3

        4        4

        5        4

        4        2

        2        9

        3        0

        2        5         2

        8

        1        5

        1        5

        3        6

        3        6

        3        7

        2        8

        1        1

2        3

        1        1

        1        3

        1        4

        1        7

                8 7 7 1        2

        1        2

                7 7 81        5         1

        8

        1        5

2        3

        1        3

        1        5

                9 1        1

        1        7

        1        3 1

        9

        1        4 2

        0

        1        9

        6

        2        8

                9 1        4

        1        6 2

        0         2        3

        1        5

0

50

100

150

200

250

M

08

J J A 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

Inventor New Listin s Sales

Nicole Truszkowski

CIPS, CLHMS, TRC, Broker Associate

Nicole@EstatesofCarmel.com

831-238-7449

 www.EstatesofCarmel.com

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