carmel highlands real estate sales market action report for march 2016

MARKET ACTION REPORT

March 2016City: 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 4/1/2013 through 3/31/2016. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS'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 $3,999,000 Average List Price of all Current Listings $4,405,386 March Median Sales Price $1,900,000 $2,143,500March Average Sales Price $1,900,000 $2,143,500Total Properties Currently for Sale (Inventory) 7 March Number of Properties Sold 1 2March Average Days on Market (Solds) 123 77Asking Price per Square Foot (based on New Listings) $0 $1,262March Sold Price per Square Foot $473 $538March Month's Supply of Inventory 7.0 5.0March Sale Price vs List Price Ratio 95.2% 93.4%

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

Property Sales March Property sales were 1, down -66.7% from 3 in March of 2015 and equal to 0.0% 0 sales last month. March 2016 sales were at their lowest levelcompared to March of 2015 and 2014. March YTD sales of 2 are running -66.7% behind last year's year-to-date sales of 6.

Prices The Median Sales Price in March was $1,900,000, up 8.6% from $1,750,000 in March of 2015 and equal to $0 last month. The Average Sales Price in Marchwas $1,900,000, down -50.7% from $3,851,667 in March of 2015 and equal to $0 last month. March 2016 ASP was at the lowest level compared to March of2015 and 2014.







Inventory & MSI The Total Inventory of Properties available for sale as of March was 7, down -12.5% from 8 last month and down -46.2% from 13 in March of last year. March2016 Inventory was at the lowest level compared to March of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The March 2016 MSI of 7.0 months was at a mid rangecompared with March 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 amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for March was 123, equal to 0 days lastmonth and down -60.7% from 313 days in March of last year. The March 2016 DOM was at its lowest level compared with March 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 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 March 2016 Selling Price per Square Foot of $473 was equal to $0 last month and down -59.8% from $1,177 in March 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 March 2016 Selling Price vs List Price of 95.2% wasequal to 0.0% last month and up from 88.4% in March 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 March 2016 was 0, equal to 0 last month and down -100.0% from 3 in March of last year.


March 2016

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



Based on information from MLSListings, Inc for the period 4/1/2013 through 3/31/2016. 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.

A 13 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 J 16 F M

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

(000's) A 13 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 J 16 F MMedianSalePrice 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 2,387 0 1,900

3 Mo. Roll Avg 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 1,689 1,206 1,429


Inventory 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 10 8 9 6 8 8 7MSI 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 10 4 9 6 8 0 7

A 13 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 J 16 F MDays On Market 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 17 31 0 1233 Mo. Roll Avg 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 38 16 51

A 13 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 J 16 F MPrice per Sq Ft 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 1,172 733 755 603 0 4733 Mo. Roll Avg 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 1,378 957 887 697 453 359

A 13 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 J 16 F MSale to List Price 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 0.920 0.000 0.952

3 Mo. Roll Avg 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 0.963 0.623 0.624


New Listings 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 1 1 1 0 4 0 0Inventory 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 10 8 9 6 8 8 7Sales 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 1 0 1

(000's) A 13 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 J 16 F MAvg Sale Price 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 2,387 0 1,900

3 Mo. Roll Avg 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 1,689 1,206 1,429

carmel highlands real estate sales market action report for march 2016

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