NOBODY presents the numbers we publish in our reports in a convenient fashion/. They are the only readily available source of statistical information.
Our quarterly real estate reports on single family homes on the Monterey Peninsula are published quarterly in The Carmel Pine Cone and on our website www.carmelabodes.com
Our Condo Report, also published quarterly, is exclusively on our website.
The reports consist of six charts and a narrative analysis. The charts are Gross Dollar Volume, Sales by Quarter, Market Barometer, Median Sales Prices, Days on Market, Distribution of Sales.
When you study the charts, here is the approach we suggest:
First look at the Gross Dollar Volume Chart. Gross dollar volume is the tell-tale number. This shows you how many dollars changed hands in the quarter and compares the current quarter with the same one last year. The ebbs and flow of dollar volume is the most dramatic indicator of market health. In our year-end reports we show 10 years of dollar volume and median sales prices.
Dollar wise, greater Carmel is the biggest market.
Sales by Quarter. Here you find the number of sales each quarter for seven quarters. You can compare this year with last year, seasonality, the trend over several quarters etc. Most importantly, you can see what is going on right now.
Market Barometer. Another good insight into the current situation is the Market Barometer, an analysis we created. Here we show the percentage of listings under contract. When this number is over 50% the market is red hot. When it is under 20% it is slow and under 10% on life support.
Median Sales Prices. Everyone wants to know what is happening to prices. Are they going up? down? holding steady? The most useful comparisons are annual. Our year end review publishes a median sales price chart covering ten years.
Days on Market shows the average number of days it takes to put a property in contract.
Distribution of Sales tracks the sales by price categories, three ranges under one million dollars and four ranges over one million dollars. This chart shows where the action is in the town that interests you as a buyer or where you live as a seller.
All of the numbers come from the Multiple Listing Service. There has been a recent change in number gathering. All data is now defined by zip codes.
If you compare our old charts with current ones you will notice the following: Carmel, Monterey and Monterey/Salinas Highway have disappeared; Carmel-by-the-Sea, Greater Carmel and Greater Monterey have appeared.