MARKET ACTION REPORT

August 2013
Nicole Truszkowski
Broker Associate (831) 238-7449 www.estatesofcarmel.com Trending versus*: Trending versus*:
LY

City: Pacific Grove

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

Market Profile & Trends Overview

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

Month
$839,000 $1,255,496 $725,000 $710,675 58 15 75 $567 $518 3.9 96.1%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$650,000 $710,802 125 62 $550 $492 3.4 97.7%

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)

Property Sales
August Property sales were 15, up 7.1% from 14 in August of 2012 and 11.8% lower than the 17 sales last month. August 2013 sales were at a mid level compared to August of 2012 and 2011. August YTD sales of 125 are running 10.1% behind last year's year-to-date sales of 139.

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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 J A 10 11 12 13

Prices
The Median Sales Price in August was $725,000, up 32.7% from $546,250 in August of 2012 and down 0.7% from $730,000 last month. The Average Sales Price in August was $710,675, up 9.5% from $648,857 in August of 2012 and down 5.3% from $750,235 last month. August 2013 ASP was at the highest level compared to August of 2012 and 2011.

(000's)

Median Sales Price and Average Sales Price

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

900 850 800 750 700 650 600 550 500 450 400

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 J A 10 11 12 13

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

Inventory & MSI

The Total Inventory of Properties available for sale as of August was 58, down 3.3% from 60 last month and down 15.9% from 69 in August of last year. August 2013 Inventory was at its lowest level compared with August of 2012 and 2011. 120 100 80 60

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

14
109 108 102 96 90 84 85 94 99 103 104 101 104 106 94 93 90 79

12 10
74 69 66 65 62

8
47 43 43 45 45 47 58 60 58

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2013 MSI of 3.9 months was at its lowest level compared with August of 2012 and 2011.

40 20 0

60 56 57 55

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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 J A 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.

MARKET ACTION REPORT

August 2013
Nicole Truszkowski
Broker Associate (831) 238-7449 www.estatesofcarmel.com Days On Market for Sold Properties

City: Pacific Grove

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

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 August was 75, up 188.5% from 26 days last month and down 8.5% from 82 days in August of last year. The August 2013 DOM was at its lowest level compared with August of 2012 and 2011.

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

3 Mo Avg

208

82

75

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 August 2013 Selling Price per Square Foot of $518 was up 7.5% from $482 last month and up 32.6% from 391 in August of last year.

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

3 Mo Avg

518

386

391

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 August 2013 Selling Price vs Original List Price of 96.1% was down from 98.1% last month and up from 95.1% in August of last year.
95.9% 95.1% 96.1%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

120
109 108 102 96 90 84 85 94 99 103 104 101 104 106 94 93 90 79

Inventory

New Listings

Sales

This last view of the market combines monthly 100 inventory of Properties for sale along with New Listings 80 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 60 between these items. The number of New Listings in August 2013 was 18, down 14.3% from 21 last month 40 and down 25.0% from 24 in August of last year. 20 0

60 56 57 55

74 69 66 65 62

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 J A 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.

47 43 43 45 45 47

58 60 58

Inventory / Listings / Sales

August 2013
Nicole Truszkowski Broker Associate (831) 238-7449 www.estatesofcarmel.com

City: Pacific Grove

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 August 2013 was 18, down 14.3% from 21 last month and down 25.0% from 24 in August of last year. 120
109 108

Inventory
104 104 106

New Listings

Sales

102

103

96

94

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94

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93

84

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85

90 79

74 69

66

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S 10 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 M J 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.

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