This Week Supply and Demand Price · 7/21/2014 · Monday July 21, 2014 The median list price in CARMEL VALLEY, CA this week is $1,047,500. Investigate the market in quartiles -

28 34478

1683.0 48

3.0

2

300

3.0 49

106

3

2

0.50 - 1.0acre

65

$ 1,465,000

3

1

49

4.5

0.25 - 0.50acre

33.0

1651 0.25 - 0.50acre

49

$ 925,000

3.0

236

8,001 -10,000 sqft$ 2,295,000

4.0$ 5,200,000

58

6

2640

The market seems to have paused around this plateau. TheMarket Action Index is a good leading indicator for the durabilityof this trend.

Home sales have been exceeding new inventory for several weeks.Since this is a Buyer's market prices are not yet moving higher asexcess inventory is consumed. However, as the supply and demandtrends continue, the market moves into the Seller's zone, and we arelikely to see upward pressure on pricing.

Inventory has been lightening lately and the Market Action Indexhas been trending up. Though days-on-market is increasing, theseare mildly positive indications for the market.

CARMEL, CAKeller WilliamsExecutive Summary

49

2375

2.0

Monday July 21, 2014

The median list price in CARMEL, CA this week is $1,772,500.

Investigate the market in quartiles -where each quartile is 25% of homesordered by price.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

Keller Williams | 831.622.6200

No change Strong upward trend Strong downward trend

Slight upward trend Slight downward trend±+ == ≠≠

≠=

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2013 Altos Research LLC

Single Family Homes

Median Lot Size

26.7

Percent Relisted (reset DOM)

2517

3.0

3 %

Median Number of Bathrooms

202

Median List Price

Average Days on Market (DOM)$ 772

Percent Flip (price increased)

0.25 - 0.50 acreMedian House Size (sq ft)

$ 1,772,500

32 %

3.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

10 %Percent of Properties with Price Decrease

Buyer's Advantage

±+

±+

==

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand

Real-Time Market Profile Trend

Price

Price Trends

Market Action Index

The Market Action Index answers the question "How's theMarket?" by measuring the current rate of sale versus theamount of the inventory. Index above 30 implies Seller'sMarket conditions. Below 30, conditions favor the buyer.

QuartilesCharacteristics per Quartile

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

7-Day Rolling Average 90-Day Rolling Average

23 13300

1632.0 36

3.0

2

251

3.0 19

199

4

2

5.0 - 10acres

40

$ 749,000

0

0

19

3.5

1.0 - 2.5acres

22.5

1336 1.0 - 2.5acres

19

$ 518,000

3.0

337

1.0 - 2.5acres$ 1,250,000

4.0$ 2,500,000

36

2

2697


The Market Action Index has been trending lower for several weekswhile prices have remained relatively stable. If inventory continuesto grow relative to demand however, it is likely that we will seedownward pressure on pricing.

Inventory is tightening and days-on-market is falling. The MarketAction Index shows demand heating up. These are relatively bullishsigns for prices.

CARMEL VALLEY, CAKeller WilliamsExecutive Summary

19

2000

2.0


The median list price in CARMEL VALLEY, CA this week is$1,047,500.










≠=


Single Family Homes

Median Lot Size

22.8


2377

2.2

13 %


237

Median List Price



2.5 - 5.0 acresMedian House Size (sq ft)

$ 1,047,500

29 %

3.0

Market Action Index




Strong Buyer's

±+

==

≠≠

≠≠

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





76 07181

1663.0 10

3.0

2

162

3.5 22

119

2

1

1.0 - 2.5acres

42

$ 1,789,500

2

0

23

6.0

0.25 - 0.50acre

23.5

1962 0.25 - 0.50acre

22

$ 1,085,000

4.0

218

0.50 - 1.0acre$ 3,049,500

6.0$ 7,900,000

50

6

3680


Home sales have been exceeding new inventory for several weeks.Since this is a Buyer's market prices are not yet moving higher asexcess inventory is consumed. However, as the supply and demandtrends continue, the market moves into the Seller's zone, and we arelikely to see upward pressure on pricing.

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-termoutlook for the market.

PEBBLE BEACH, CAKeller WilliamsExecutive Summary

22

3072

2.0


The median list price in PEBBLE BEACH, CA this week is $2,199,000.










≠=


Single Family Homes

Median Lot Size

25.6


3184

3.5

2 %


166

Median List Price



0.50 - 1.0 acreMedian House Size (sq ft)

$ 2,199,000

28 %

4.0

Market Action Index




Buyer's Advantage

±+

==

≠≠

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





32 02674

1132.0 40

2.0

0

125

3.0 15

83

2

2

6,501 -8,000 sqft

86

$ 725,000

1

2

16

2.5

4,501 -6,500 sqft

32.0

981 Less than4,500 sqft

15

$ 555,475

3.0

279

4,501 -6,500 sqft$ 899,000

4.0$ 2,475,000

99

1

1718

The market is hovering around this plateau. Look for a persistentchange in the Market Action Index before we see prices deviatefrom these levels.

Home sales continue to outstrip supply and the Market Action Indexhas been moving higher for several weeks. This is a Seller's marketso watch for upward pricing pressure in the near future if the trendcontinues.

Inventory has been lightening lately and the Market Action Indexhas been trending up. These are mildly positive indications for themarket.

PACIFIC GROVE, CAKeller WilliamsExecutive Summary

15

1460

1.0


The median list price in PACIFIC GROVE, CA this week is $749,000.










≠=


Single Family Homes

Median Lot Size

31.0


1580

2.0

3 %


149

Median List Price



4,501 - 6,500 sqftMedian House Size (sq ft)

$ 749,000

31 %

3.0

Market Action Index




Seller's Advantage

±+

≠

±+

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





9 34897

962.0 54

3.0

4

139

3.0 27

93

2

3

1.0 - 2.5acres

58

$ 755,000

1

2

27

4.5

6,501 -8,000 sqft

33.0

1469 4,501 -6,500 sqft

27

$ 599,750

4.0

282

0.25 - 0.50acre$ 1,350,000

4.0$ 2,695,000

18

2

2918

The market is hovering around this plateau. Look for a persistentchange in the Market Action Index before we see prices deviatefrom these levels.

Home sales have been exceeding new inventory for several weeks.Since this is a Buyer's market, prices are not yet moving higher asexcess inventory is consumed. However, as the supply and demandtrends continue, the market moves into the Seller's zone, and we arelikely to see upward pressure on pricing.

Inventory has been lightening lately and the Market Action Indexhas been trending up. Though days-on-market is increasing, theseare mildly positive indications for the market.

MONTEREY, CAKeller WilliamsExecutive Summary

27

1982

2.0


The median list price in MONTEREY, CA this week is $925,000.










≠=


Single Family Homes

Median Lot Size

29.5


2211

2.8

6 %


152

Median List Price




$ 925,000

35 %

3.0

Market Action Index




Buyer's Advantage

±+

≠≠

==

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





24 23716

762.5 28

3.0

1

63

3.0 16

76

1

2

1.0 - 2.5acres

35

$ 692,500

3

0

16

3.5

0.25 - 0.50acre

23.0

1904 6,501 -8,000 sqft

16

$ 557,400

4.0

107

0.50 - 1.0acre$ 824,500

4.0$ 1,295,000

29

1

2889

Prices in this zip code seem to have settled around a plateau.Look for a persistent down-shift in the Market Action Indexbefore we see prices deviate from these levels.



SALINAS, CA 93908Keller WilliamsExecutive Summary

16

2361

2.0


The median list price in SALINAS, CA 93908 this week is $749,500.










≠=


Single Family Homes

Median Lot Size

31.5


2618

3.0

3 %


80

Median List Price



1.0 - 2.5 acresMedian House Size (sq ft)

$ 749,500

38 %

3.0

Market Action Index




Seller's Advantage

±+

==

≠

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





8 01984

771.0 59

2.0

1

90

3.0 17

82

2

3

4,501 -6,500 sqft

57

$ 359,000

0

1

17

2.0

4,501 -6,500 sqft

02.0

884 Less than4,500 sqft

17

$ 299,000

3.0

91

Less than4,500 sqft$ 399,900

3.0$ 508,500

58

2

1300

Prices appear to be hovering around their high point. Look for apersistent down-shift in the Market Action Index before we seeprices deviate from these levels.


Inventory has been decreasing lately but the Market Action Index isfalling also. With days-on-market climbing, these are relativelynegative implications for the market.

SEASIDE, CAKeller WilliamsExecutive Summary

16

1055

1.0


The median list price in SEASIDE, CA this week is $375,000.










≠=


Single Family Homes

Median Lot Size

35.1


1128

2.0

7 %


85

Median List Price




$ 375,000

48 %

3.0

Market Action Index




Seller's Advantage

±+

≠≠

==

==

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





17 12297

892.0 20

3.0

0

77

3.0 7

103

1

2

4,501 -6,500 sqft

51

$ 425,000

0

1

7

2.5

4,501 -6,500 sqft

22.0

1120 6,501 -8,000 sqft

6

$ 365,000

3.0

33

6,501 -8,000 sqft$ 452,000

4.0$ 560,125

36

0

1619

Prices appear to be hovering around their high point. Look for apersistent down-shift in the Market Action Index before we seeprices deviate from these levels.

While the Market Action Index shows some strengthening in the lastfew weeks, prices have not seemed to move from their plateau.Should the upward trend in sales relative to inventory continue,expect prices to resume an upward climb in tandem with the MAI.


MARINA, CAKeller WilliamsExecutive Summary

6

1412

2.0


The median list price in MARINA, CA this week is $427,450.










≠=


Single Family Homes

Median Lot Size

34.8


1604

2.0

0 %


77

Median List Price




$ 427,450

15 %

3.0

Market Action Index




Seller's Advantage

±+

==

≠

=

Bottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week

Supply and Demand


Price

Price Trends

Market Action Index





Documents

This Week Supply and Demand Price · 7/21/2014 · Monday July 21, 2014 The median list price in CARMEL VALLEY, CA this week is $1,047,500. Investigate the market in quartiles -