MARKET ACTION REPORT May 2014 City: Carmel Highlands Nicole Truszkowski Sales Associate (831) 238-7449 (831) 624-2457 [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 6/1/2011 through 5/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Sotheby's R esidential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market. Trending Versus*: Trending Versus*: Market Profile & Trends OverviewMonth LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings $4,147,500 Average List Price of all Current Listi ngs $5,117,958 May Median Sales Price $3,875,000 $5,100,000 May Average Sales Price $3,875,000 $4,422,917 Total Properties Currently for Sale (Inventory) 24 May Number of Properties Sold 2 6 May Average Days on Market (Solds) 298 217 Asking Price per Square Foot (based on New List ings) $821 $1,087 May Sold Price per Square Foot $1,057 $1,121 May Month's Supply of Inventory 12.0 8.7 May Sale Price vs List Price Ratio 89.9% 90.1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date Property Sales May Property sales were 2, down -50.0% from 4 in May of 2013 and -33.3% lower than the 3 sales last month. May 2014 sales were at a mid level compare d to May of 2013 and 2012. May YTD sales of 6 are running -64.7% behind last year's year-to-date sales of 17. Prices The Median Sales Price in May was $3,875,000, up 95.0% from $1,987,500 in May of 2013 and down -20.1% from $4,850,000 last month. The Average Sales Price in May was $3,875,000, up 75.4% from $2,208,750 in May of 201 3 and down -3.8% from $4,029,167 last month. May 2014 ASP was at highest level compared to May of 2013 and 2012.
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8/12/2019 Carmel Highlands Homes Market Action Report Real Estate Sales for May 2014
Median List Price of all Current Listings $4,147,500
Average List Price of all Current Listings $5,117,958
May Median Sales Price $3,875,000 $5,100,000
May Average Sales Price $3,875,000 $4,422,917
Total Properties Currently for Sale (Inventory) 24
May Number of Properties Sold 2 6
May Average Days on Market (Solds) 298 217
Asking Price per Square Foot (based on New Listings) $821 $1,087
May Sold Price per Square Foot $1,057 $1,121
May Month's Supply of Inventory 12.0 8.7
May Sale Price vs List Price Ratio 89.9% 90.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales May Property sales were 2, down -50.0% from 4 in May of 2013 and -33.3% lower than the 3 sales last month. May 2014 sales were at a mid level comparedto May of 2013 and 2012. May YTD sales of 6 are running -64.7% behind last year's year-to-date sales of 17.
Prices
8/12/2019 Carmel Highlands Homes Market Action Report Real Estate Sales for May 2014
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Inventory & MSI The Total Inventory of Properties available for sale as of May was 24, down -4.0% from 25 last month and up 14.3% from 21 in May of last year. May 2014Inventory was at a mid range compared to May of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2014 MSI of 12.0 months was at a mid rangecompared with May of 2013 and 2012.
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 May was 298, up 148.3% from 120 dayslast month and up 58.5% from 188 days in May of last year. The May 2014 DOM was at a mid range compared with May of 2013 and 2012.
8/12/2019 Carmel Highlands Homes Market Action Report Real Estate Sales for May 2014
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 6/1/2011 through 5/31/2014. 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.
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