Monday May 26, 2014
Keller Williams
Executive Summary
CARMEL, CA
Single Family Homes
This Week
The median list price in CARMEL, CA this week is $1,798,000.
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the
market.
Real-Time Market Profile
Trend
Median List Price
$ 1,798,000
Asking Price Per Square Foot
$ 774
Average Days on Market (DOM)
182
Percent of Properties with Price Decrease
30 %
Percent Relisted (reset DOM)
10 %
Percent Flip (price increased)
5%
Median House Size (sq ft)
2612
Median Lot Size
0.25 - 0.50 acre
Median Number of Bedrooms
3.0
±+
±+
±+
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have begun exceeding new inventory. This is a Buyer's
market so prices are not yet moving higher as excess inventory is
consumed. If the tightening continues and the market moves into
the Seller's zone, we may see upward pressure on pricing.
±+
No change
3.5
Buyer's Advantage
24.1
=
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 4,995,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
4290
0.50 - 1.0
acre
4.0
4.0
16
55
3
2
195
Most expensive 25% of properties
$ 2,297,000
2734
0.25 - 0.50
acre
3.0
4.0
38
56
1
3
266
Upper-middle 25% of properties
Lower/Third
$ 1,495,000
2480
0.25 - 0.50
acre
3.0
3.0
54
56
3
5
174
Lower-middle 25% of properties
Bottom/Fourth
$ 875,000
1660
0.25 - 0.50
acre
3.0
2.8
52
56
6
4
95
Least expensive 25% of properties
Keller Williams | 831.622.6200
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Monday May 26, 2014
Keller Williams
Executive Summary
CARMEL VALLEY, CA
Single Family Homes
This Week
The median list price in CARMEL VALLEY, CA this week is
$1,022,500.
The Market Action Index has been trending down recently, but as
days-on-market decreases also, there are not strong signals for the
direction of the market.
Real-Time Market Profile
Trend
Median List Price
$ 1,022,500
Asking Price Per Square Foot
$ 436
Average Days on Market (DOM)
219
Percent of Properties with Price Decrease
33 %
Percent Relisted (reset DOM)
52 %
Percent Flip (price increased)
6%
Median House Size (sq ft)
2149
Median Lot Size
1.0 - 2.5 acres
Median Number of Bedrooms
3.0
±+
±+
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have begun exceeding new inventory. This is a Buyer's
market so prices are not yet moving higher as excess inventory is
consumed. If the tightening continues and the market moves into
the Seller's zone, we may see upward pressure on pricing.
±+
No change
2.5
Buyer's Advantage
27.4
=
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 2,200,000
4320
Upper/Second
$ 1,200,000
Lower/Third
Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
5.0 - 10
acres
4.0
3.5
30
13
1
0
174
Most expensive 25% of properties
2321
1.0 - 2.5
acres
3.0
2.0
36
13
1
0
286
Upper-middle 25% of properties
$ 639,000
1984
5.0 - 10
acres
3.0
2.5
40
13
1
0
246
Lower-middle 25% of properties
$ 435,000
1440
1.0 - 2.5
acres
3.0
2.0
38
13
0
1
169
Least expensive 25% of properties
Keller Williams | 831.622.6200
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Monday May 26, 2014
Keller Williams
Executive Summary
PEBBLE BEACH, CA
Single Family Homes
This Week
The median list price in PEBBLE BEACH, CA this week is $1,995,000.
Inventory is up and Market Action is trending down recently. While
days-on-market appears to be trending lower, the overall
conditions are weakening a bit.
Real-Time Market Profile
Trend
Median List Price
$ 1,995,000
Asking Price Per Square Foot
$ 632
Average Days on Market (DOM)
187
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
13 %
Percent Flip (price increased)
11 %
Median House Size (sq ft)
3159
Median Lot Size
0.25 - 0.50 acre
Median Number of Bedrooms
4.0
±+
±+
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have been exceeding new inventory for several weeks.
Since this is a Buyer's market prices are not yet moving higher as
excess inventory is consumed. However, as the supply and demand
trends continue, the market moves into the Seller's zone, and we are
likely to see upward pressure on pricing.
±+
No change
3.0
Buyer's Advantage
23.8
==
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 7,900,000
7000
Upper/Second
$ 2,642,500
Lower/Third
Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
1.0 - 2.5
acres
5.0
5.0
31
21
0
0
331
Most expensive 25% of properties
3334
0.25 - 0.50
acre
4.0
3.5
38
22
2
0
189
Upper-middle 25% of properties
$ 1,716,000
3036
0.25 - 0.50
acre
3.0
3.0
48
22
3
1
143
Lower-middle 25% of properties
$ 761,400
2143
0.25 - 0.50
acre
3.0
2.5
49
22
3
1
90
Least expensive 25% of properties
Keller Williams | 831.622.6200
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Monday May 26, 2014
Keller Williams
Executive Summary
PACIFIC GROVE, CA
Single Family Homes
This Week
The median list price in PACIFIC GROVE, CA this week is $839,000.
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish
signs for prices.
Real-Time Market Profile
Trend
Median List Price
$ 839,000
Asking Price Per Square Foot
$ 539
Average Days on Market (DOM)
132
Percent of Properties with Price Decrease
28 %
Percent Relisted (reset DOM)
4%
Percent Flip (price increased)
4%
Median House Size (sq ft)
1644
Median Lot Size
4,501 - 6,500 sqft
Median Number of Bedrooms
3.0
±+
±+
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales continue to outstrip supply and the Market Action Index
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend
continues.
±+
No change
2.5
Seller's Advantage
30.6
==
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 2,695,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
2682
0.25 - 0.50
acre
3.5
3.0
38
14
1
1
263
Most expensive 25% of properties
$ 1,009,500
2010
4,501 6,500 sqft
3.0
2.5
56
14
0
1
158
Upper-middle 25% of properties
Lower/Third
$ 739,250
1497
4,501 6,500 sqft
3.0
2.5
52
14
3
3
38
Lower-middle 25% of properties
Bottom/Fourth
$ 635,000
1281
Less than
4,500 sqft
2.0
2.0
65
15
0
2
71
Least expensive 25% of properties
Keller Williams | 831.622.6200
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Monday May 26, 2014
Keller Williams
Executive Summary
MONTEREY, CA
Single Family Homes
This Week
The median list price in MONTEREY, CA this week is $897,000.
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively
negative implications for the market.
Real-Time Market Profile
Trend
Median List Price
$ 897,000
Asking Price Per Square Foot
$ 450
Average Days on Market (DOM)
168
Percent of Properties with Price Decrease
32 %
Percent Relisted (reset DOM)
8%
Percent Flip (price increased)
7%
Median House Size (sq ft)
2222
Median Lot Size
8,001 - 10,000 sqft
Median Number of Bedrooms
3.0
±+
±+
=
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have begun exceeding new inventory. This is a Buyer's
market so prices are not yet moving higher as excess inventory is
consumed. If the tightening continues and the market moves into
the Seller's zone, we may see upward pressure on pricing.
±+
No change
3.0
Buyer's Advantage
25.2
=
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 2,695,000
4897
Upper/Second
$ 1,549,000
Lower/Third
Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
1.0 - 2.5
acres
4.0
4.5
12
25
2
0
278
Most expensive 25% of properties
3367
0.50 - 1.0
acre
4.0
3.5
25
25
0
1
216
Upper-middle 25% of properties
$ 750,000
1982
6,501 8,000 sqft
3.0
2.5
42
25
2
2
77
Lower-middle 25% of properties
$ 580,000
1406
4,501 6,500 sqft
3.0
2.0
56
26
3
2
105
Least expensive 25% of properties
Keller Williams | 831.622.6200
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Monday May 26, 2014
Keller Williams
Executive Summary
SALINAS, CA 93908
Single Family Homes
This Week
The median list price in SALINAS, CA 93908 this week is $797,000.
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties
come available, these are positive trends for the market.
Real-Time Market Profile
Trend
Median List Price
$ 797,000
Asking Price Per Square Foot
$ 294
Average Days on Market (DOM)
74
Percent of Properties with Price Decrease
29 %
Percent Relisted (reset DOM)
0%
Percent Flip (price increased)
4%
Median House Size (sq ft)
2820
Median Lot Size
1.0 - 2.5 acres
Median Number of Bedrooms
4.0
±+
±+
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales continue to outstrip supply and the Market Action Index
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend
continues.
±+
No change
3.2
Seller's Advantage
31.8
==
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
We continue to see prices in this zip code bouncing around this
plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 1,349,000
3720
Upper/Second
$ 850,000
Lower/Third
Bottom/Fourth
Lot Size
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Beds
Baths
Age Inventory New Absorbed DOM
2.5 - 5.0
acres
4.0
4.0
25
13
1
0
97
Most expensive 25% of properties
3202
1.0 - 2.5
acres
4.0
3.5
25
13
2
3
97
Upper-middle 25% of properties
$ 750,000
2496
1.0 - 2.5
acres
3.0
3.0
39
13
5
1
30
Lower-middle 25% of properties
$ 584,800
1897
6,501 8,000 sqft
3.0
2.5
34
13
2
3
69
Least expensive 25% of properties
Keller Williams | 831.622.6200
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Monday May 26, 2014
Keller Williams
Executive Summary
SEASIDE, CA
Single Family Homes
This Week
The median list price in SEASIDE, CA this week is $379,900.
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a
weakening market.
Real-Time Market Profile
Trend
Median List Price
$ 379,900
Asking Price Per Square Foot
$ 323
Average Days on Market (DOM)
77
Percent of Properties with Price Decrease
37 %
Percent Relisted (reset DOM)
2%
Percent Flip (price increased)
8%
Median House Size (sq ft)
1142
Median Lot Size
Less than 4,500
Median Number of Bedrooms
3.0
±+
=
=
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has shown some evidence of slowing recently. Both
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading
indicator for price changes.
±+
No change
2.0
Buyer's Advantage
29.5
±+
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 525,000
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
1875
4,501 6,500 sqft
3.0
2.5
42
15
0
1
58
Most expensive 25% of properties
$ 409,000
1220
4,501 6,500 sqft
3.0
2.0
56
16
2
1
60
Upper-middle 25% of properties
Lower/Third
$ 352,900
1066
Less than
4,500 sqft
3.0
1.5
56
16
1
0
67
Lower-middle 25% of properties
Bottom/Fourth
$ 284,500
852
Less than
4,500 sqft
2.0
1.0
58
16
0
1
122
Least expensive 25% of properties
Keller Williams | 831.622.6200
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Monday May 26, 2014
Keller Williams
Executive Summary
MARINA, CA
Single Family Homes
This Week
The median list price in MARINA, CA this week is $425,000.
Even though the days-on-market is trending higher, so is the
Market Action Index at these inventory levels, providing a neutral
outlook for the market.
Real-Time Market Profile
Trend
Median List Price
$ 425,000
Asking Price Per Square Foot
$ 279
Average Days on Market (DOM)
64
Percent of Properties with Price Decrease
24 %
Percent Relisted (reset DOM)
0%
Percent Flip (price increased)
3%
Median House Size (sq ft)
1504
Median Lot Size
4,501 - 6,500 sqft
Median Number of Bedrooms
3.0
±+
==
=
Median Number of Bathrooms
Supply and Demand
Market Action Index
The Market Action Index has been trending lower for several weeks
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see
downward pressure on pricing.
±+
No change
2.5
Buyer's Advantage
28.1
≠≠
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average
90-Day Rolling Average
Buyer/Seller Cutoff
The Market Action Index answers the question "How's the
Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 517,250
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
2096
4,501 6,500 sqft
4.0
2.8
20
8
1
0
39
Most expensive 25% of properties
$ 451,000
1626
6,501 8,000 sqft
3.0
2.5
39
8
0
2
64
Upper-middle 25% of properties
Lower/Third
$ 419,000
1346
6,501 8,000 sqft
3.0
2.5
46
8
0
0
66
Lower-middle 25% of properties
Bottom/Fourth
$ 350,000
1120
6,501 8,000 sqft
3.0
1.0
51
9
0
0
84
Least expensive 25% of properties
Keller Williams | 831.622.6200
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