8/6/2019 Monterey Homes Market Action Report Real Estate Sales for July 2011
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July 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
July Median Sales Price
July Average Sales Price
Total Properties Currently for Sale (Inventory)
July Number of Properties Sold
July Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
July Sold Price per Square Foot
July Month's Supply of Inventory
July Sale Price vs List Price Ratio
Property Sales
July Property sales were 14, down 6.7% from 15 inJuly of 2010 and 53.3% lower than the 30 sales last
month. July 2011 sales were at their lowest level
compared to July of 2010 and 2009. July YTD sales
of 125 are running 17.9% ahead of last year's year-to-
date sales of 106.
7.4 7.7
93.0% 95.2%* 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
69 100
$373 $352
$271 $317
$465,207 $463,333
103
14 125
$585,000
$666,604
$352,500 $399,000
MARKET ACTION REPORT
City: Monterey
Trending versus*: Trending versus*:
Month YTD
6
8
2 0
1 2
1 9
3 5
1 0
1 2
7
1 4
1 9
2 1
1 4
2 0
9
1 8
1 2
8
1 3
1 9
1 7
2 2
1 5
1 3
1 7
1 2
1 4
2 1
8
1 8
1 6
1 4
2 5
3 0
1 4
0
5
10
15
20
25
30
35
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
3 Mo Avg
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
831-238-7449
www.EstatesofCarmel.com
Prices
Inventory & MSIThe Total Inventory of Properties available for sale as of
l d f l h d d
Median Sales Price and Average Sales Price
The Median Sales Price in July was $352,500, down
17.1% from $425,000 in July of 2010 and down 5.5%
from $373,000 last month. The Average Sales Price
in July was $465,207, up 2.6% from $453,233 in July of 2010 and up 11.6% from $416,686 last month.
July 2011 ASP was at a mid range compared to July of
2010 and 2009.
Total Inventory & Month's Supply of Inventory (MSI)
6
8
2 0
1 2
1 9
3 5
1 0
1 2
7
1 4
1 9
2 1
1 4
2 0
9
1 8
1 2
8
1 3
1 9
1 7
2 2
1 5
1 3
1 7
1 2
1 4
2 1
8
1 8
1 6
1 4
2 5
3 0
1 4
0
5
10
15
20
25
30
35
A08
S O N D J09
F M A M J J A S O N D J10
F M A M J J A S O N D J11
F M A M J J
200
300
400
500
600
700
800
A08
S O N D J09
F M A M J J A S O N D J10
F M A M J J A S O N D J11
F M A M J J
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
8 35
40
160
180
(000's)
3 Mo Avg
3 Mo Avg
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
831-238-7449
www.EstatesofCarmel.com
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July 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
Market Time
Selling Price per Square FootThe 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 July
2011 Selling Price per Square Foot of $271 was down
8.3% from $295 last month and down 16.7% from 325
in July of last year.
MARKET ACTION REPORT
City: Monterey
Days On Market for Sold Properties
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 July was 69, down 36.1% from 108 days last
month and down 26.6% from 94 days in July of last
year. The July 2011 DOM was at its lowest levelcompared with July of 2010 and 2009.
Selling Price per Square Foot
114
94
69
0
2040
6080
100120
140160
180200
A08
S O N D J09
F M A M J J A S O N D J10
F M A M J J A S O N D J11
F M A M J J
Average Days on Market (Listing to Contract) for properties sold during the month
378
325
271
250
300
350
400
450
500
550
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
Average Selling Price per Square Foot for properties that sold during the month
3 Mo Avg
3 Mo Avg
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
831-238-7449
www.EstatesofCarmel.com
Selling Price vs Original Listing Price
Inventory / New Listings / Sales
Selling Price versus Listing Price Ratio
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 July 2011 Selling Price vs Original List Price of
93.0% was down from 96.5% last month and down from
94.4% in July of last year.
Inventory / New Listings / Sales
114
94
69
0
2040
6080
100120
140160
180200
A08
S O N D J09
F M A M J J A S O N D J10
F M A M J J A S O N D J11
F M A M J J
Average Days on Market (Listing to Contract) for properties sold during the month
378
325
271
250
300
350
400
450
500
550
A08
S O N D J09
F M A M J J A S O N D J10
F M A M J J A S O N D J11
F M A M J J
Average Selling Price per Square Foot for properties that sold during the month
93.5%94.4%
93.0%
85%
87%
89%
91%
93%
95%
97%
99%
101%
103%
105%
A08
S O N D J09
F M A M J J A S O N D J10
F M A M J J A S O N D J11
F M A M J J
Avg Selling Price divided by Avg Listing Price for sold properties during the month
180 Inventory New Listings Sales
3 Mo Avg
3 Mo Avg
3 Mo Avg
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
831-238-7449
www.EstatesofCarmel.com
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July 2011
Price Range: All | Properties: Single Family - Condo - TwnHm
Inventory / Listings / Sales
City: Monterey
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 July 2011 was 33, up 37.5%
from 24 last month and up 37.5% from 24 in July of last year.
1 6 8
1 5 9
4 3
1 4 7
9 94
5140
160
180 Inventory New Listings Sales
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
831-238-7449
www.EstatesofCarmel.com
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
does not warrant or guarantee the 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.
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A
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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 M J J
Inventory New Listings Sales
Nicole Truszkowski
CIPS, CLHMS, TRC, Broker Associate
831-238-7449
www.EstatesofCarmel.com