MARKET ACTION REPORT

June 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pebble Beach

Price Range: All | Properties: SFH - Condo - TwnHm

Trending versus*:

Trending versus*:
LY

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings June Median Sales Price June Average Sales Price Total Properties Currently for Sale (Inventory) June Number of Properties Sold June Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) June Sold Price per Square Foot June Month's Supply of Inventory June Sale Price vs List Price Ratio

Month
$1,997,000 $3,973,590 $1,149,500 $1,670,500 86 6 115 $687 $598 14.3 95.9%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$1,035,500 $1,614,241 58 115 $706 $488 9.5 92.5%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

20 Property Sales 18 June Property sales were 6, down 25.0% from 8 in 16 June of 2012 and 40.0% lower than the 10 sales last 14 month. June 2013 sales were at a mid level 12 compared to June of 2012 and 2011. June YTD 10 sales of 58 are running 12.1% behind last year's year- 8 6 to-date sales of 66. 4 2 0

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 A S O N D J F M A M J 10 11 12 13

Prices
The Median Sales Price in June was $1,149,500, down 17.7% from $1,397,500 in June of 2012 and up 46.4% from $785,000 last month. The Average Sales Price in June was $1,670,500, down 29.3% from $2,362,125 in June of 2012 and down 22.0% from $2,141,095 last month. June 2013 ASP was at a mid range compared to June of 2012 and 2011.

(000's)

4,600 4,100 3,600 3,100 2,600 2,100 1,600 1,100 600

Inventory & MSI

The Total Inventory of Properties available for sale as of June was 86, up 7.5% from 80 last month and down 5.5% from 91 in June of last year. June 2013 Inventory was at its lowest level compared with June of 2012 and 2011. 140 120 100 80 60 A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2013 MSI of 14.3 months was at a mid level compared with June of 2012 and 2011. 40 20 0

129 129 128 123 117 106 114 114 116 117 119 123 117 132 126 123 114 96 92 94 91 83 96 91 96 99 91 80

70 61 71 69 66 77 80 86

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty 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 consumers real estate transaction.

7 6 6 7 3 1 10 4 10 9 5 5 7 9 12 6 5 14 10 10 16 9 13 8 14 8 10 11 12 7 12 7 18 5 10 6

Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

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 A S O N D J F M A M J 10 11 12 13

Total Inventory & Month's Supply of Inventory (MSI)

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

120 100 80 60 40 20 0
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 A S O N D J F M A M J 10 11 12 13

MARKET ACTION REPORT

June 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pebble Beach

Price Range: All | Properties: SFH - Condo - TwnHm

Days On Market for Sold Properties

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 a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for June was 115, down 42.8% from 201 days last month and up 180.5% from 41 days in June of last year. The June 2013 DOM was at a mid level compared with June of 2012 and 2011.

Average Days on Market (Listing to Contract) for properties sold during the month

3 Mo Avg

300 250 200 150 100 50 0

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 A S O N D J F M A M J 10 11 12 13 41 182 115

Selling Price per Square Foot

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 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 June 2013 Selling Price per Square Foot of $598 was up 30.4% from $458 last month and down 1.9% from 610 in June of last year.

Average Selling Price per Square Foot for properties that sold during the month

3 Mo Avg

800 750 700 650 600 550 500 450 400 350

610

598

451

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 A S O N D J F M A M J 10 11 12 13

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg

Selling Price vs Original Listing Price

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 June 2013 Selling Price vs Original List Price of 95.9% was down from 97.4% last month and up from 91.6% in June of last year.

99% 97% 95% 93% 91% 89% 87% 85% 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 A S O N D J F M A M J 10 11 12 13 92.2% 91.6% 95.9%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

140

Inventory

New Listings

Sales

This last view of the market combines monthly 120 inventory of Properties for sale along with New Listings 100 and Sales. The graph shows the basic annual 80 seasonality of the market as well as the relationship between these items. The number of New Listings in 60 June 2013 was 19, down 9.5% from 21 last month and 40 down 5.0% from 20 in June of last year. 20 0

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 A S O N D J F M A M J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International Realty 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 consumers real estate transaction.

129 129 128 123 117 106 114 114 116 117 119 123 117 132 126 123 114 96 92 94 91 83 96 91 96 99 91 80 70 61 71 69 66 77 80 86

Inventory / Listings / Sales

June 2013
Nicole Truszkowski Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pebble Beach

Price Range: All | Properties: SFH - Condo - TwnHm

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 annual seasonality of the market as well as the relationship between these items. The number of New Listings in June 2013 was 19, down 9.5% from 21 last month and down 5.0% from 20 in June of last year. 140
129 129 128 132

Inventory
123 123 126 123

New Listings

Sales

120 100 80 60 40

117

117

119

114

114

116

117

106

114

96

92

94

96

91

96

99 91

91

83

80

70

71

69

31

36

61

24

16 18 22

10 15 4 15 10 12 9 18 5 20 5 14 7

20

19

21 10

20
14 7 9 6 14 6 17 7 13 3 9 1

25

28

66

77

80 M J
6 19

9 13 12 16 6 9 5 3 14 18 10

10 15 16 10 9

13

8 13 10 5 11 9 12 7 7

15 14 17

12

0
J 10 A S O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys 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 consumers real estate transaction.

86