Market Action Report Pebble Beach Homes August 2010

MARKET ACTION REPORT August 2010
Nicole Truszkowski
City: Pebble Beach CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: All | Properties: Single Family www.estatesofcarmel.com
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $2,295,000 -1% -4%
Average List Price of all Current Listings $3,565,093 -2% -12%
August Median Sales Price $1,106,900 11% -20% -14% 1% $1,083,950 -1% -1%
August Average Sales Price $1,107,967 -37% -60% -27% -36% $2,211,919 22% 27%
Total Properties Currently for Sale (Inventory) 114 -2% -2%
August Number of Properties Sold 6 -14% -40% 59 26%
August Average Days on Market (Solds) 115 34% -11% -11% -21% 122 -22% -16%
Asking Price per Square Foot (based on New Listings) $617 -36% -22% -4% -27% $782 -11% -7%
August Sold Price per Square Foot $451 -33% -34% -12% -19% $631 7% 13%
August Month's Supply of Inventory 19.0 15% 18% 64% -43% 17.1 -30% -49%
August Sale Price vs List Price Ratio 93.2% 2.5% 11.0% -2.0% 5.0% 84.2% -4.8% -5.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)
Number of Properties Sold 3 Mo Avg

12
Property Sales
August Property sales were 6, down 40.0% from 10 10
10
10
10
10
10
10
in August of 2009 and 14.3% lower than the 7 sales 8
9
9
last month. August 2010 sales were at their lowest
6
7
7
7
level compared to August of 2009 and 2008.
6
6
6
6
6
August YTD sales of 59 are running 25.5% ahead of 4
5
5
5
5
last year's year-to-date sales of 47.
4
4
2
3
2
1
0
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
07 08 09 10
Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 5,800 Median means Middle (the same # of properties sold above and below the Median)
The Median Sales Price in August was $1,106,900, 5,300

down 14.2% from $1,290,000 in August of 2009 4,800
4,300
and up 10.7% from $1,000,000 last month. The
3,800
Average Sales Price in August was $1,107,967, down 3,300
26.5% from $1,508,400 in August of 2009 and 2,800
down 37.1% from $1,762,857 last month. August 2,300
2010 ASP was at the lowest level compared to 1,800
August of 2009 and 2008. 1,300
800
07 08 09 10
Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI 140
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
140
The Total Inventory of Properties available for sale as of
August was 114, down 1.7% from 116 last month and 120 120
127
126
122
119
118
117
down 1.7% from 116 in August of last year. August 2010

116
116
115
114
114
114
113
113
112
100 100
111
111
111
110
110
109
108
108
107
107
105
104
103
103
Inventory was at a mid level compared with August of

100
98
98
97
95
94
2009 and 2008. 80 80

89
60 60
A comparatively lower MSI is more beneficial for sellers 40 40

while a higher MSI is better for buyers. The August 2010 20 20
MSI of 19.0 months was at its highest level compared
with August of 2009 and 2008. 0 0
S O N D J F MA M J J A S O N D J F M A M J J A S O N D J F MA M J J A
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of Re
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT August 2010
Nicole Truszkowski
831-238-7449
Price Range: All | Properties: Single Family
www.estatesofcarmel.com
Days On Market for Sold Properties

Market Time 350
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many
days the average Property is on the market before it 300
sells. An upward trend in DOM tends to indicate a 250
move towards more of a Buyer's market, a downward 200
trend a move towards more of a Seller's market. The 139 129
DOM for August was 115, up 33.7% from 86 days last 150 115
month and down 10.9% from 129 days in August of last 100
year. The August 2010 DOM was at its lowest level
50
compared with August of 2009 and 2008.
0
07 08 09 10
Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot Average Selling Price per Square Foot for properties that sold during the month
The Selling Price per Square Foot is a great indicator for 1,800
the direction of Property values. Since Median Sales 1,600
Price and Average Sales price can be impacted by the
1,400
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized 1,200
indicator on the direction of Property values. The 1,000
August 2010 Selling Price per Square Foot of $451 was
800 651
down 33.0% from $673 last month and down 12.2% 513
from 513 in August of last year. 600 451
400
07 08 09 10
Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
105%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 100%
average amount that Sellers are agreeing to come down 95.1%
from their original list price. The lower the ratio is 94.1%
95% 93.2%
below 100% the more of a Buyer's market exists, a ratio
at or above 100% indicates more of a Seller's market.
90%
The August 2010 Selling Price vs Original List Price of
93.2% was up from 90.9% last month and down from
95.1% in August of last year. 85%
80%
07 08 09 10
Inventory / New Listings / Sales

Inventory / New Listings / Sales 140 Inventory New Listings Sales
This last view of the market combines monthly 120

127
126
122
119
118
inventory of Properties for sale along with New Listings

117
116
116
115
114
114
114
113
113
112
100
111
111
111
110
110
109
108
108
107
107
105
104
and Sales. The graph shows the basic annual

103
103
100
98
98
97
95
94
seasonality of the market as well as the relationship 80

89
between these items. The number of New Listings in 60

August 2010 was 9, down 18.2% from 11 last month and
down 59.1% from 22 in August of last year. 40
20
0
07 08 09 10
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San
Inventory / Listings / Sales August 2010
Nicole Truszkowski
831-238-7449
Price Range: All | Properties: Single Family
www.estatesofcarmel.com
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 2010 was 9, down
18.2% from 11 last month and down 59.1% from 22 in August of last year.
140 Inventory New Listings Sales
127
126
120
122
119
118
117
116
116
115
114
114
114
113
113
112
111
111
111
110
110
109
108
108
107
107
100
105
104
103
103
100
98
98
97
95
94
89
80
60
40
30
20
24
22
22
22
21
21
20
20
19
19
18
18
17
16
15
14
13
13
13
12
11
11
11
11
11
10
10
10
10
10
10
10
10
9
9
5
7
4
6
5
2
7
8
7
7
4
6
0
S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A
07
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of

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MARKET ACTION REPORT August 2010

Number of Properties Sold 3 Mo Avg

Median Sales Price and Average Sales Price

The Median Sales Price in August was $1,106,900, 5,300

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

down 1.7% from 116 in August of last year. August 2010

Inventory was at a mid level compared with August of

2009 and 2008. 80 80

A comparatively lower MSI is more beneficial for sellers 40 40

Days On Market for Sold Properties

Selling Price per Square Foot

Selling Price versus Listing Price Ratio

Inventory / New Listings / Sales

This last view of the market combines monthly 120

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 80

between these items. The number of New Listings in 60

Inventory / New Listings / Sales

140 Inventory New Listings Sales

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