Pebble Beach Homes Market Action Report Real Estate Sales For Oct 2010

MARKET ACTION REPORT October 2010
Nicole Truszkowski
City: Pebble Beach CIPS, CLHMS, TRC, Broker Associate
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 $2,495,000
Average List Price of all Current Listings $3,713,439
October Median Sales Price $1,283,000 $1,083,950
October Average Sales Price $1,929,450 $2,088,167
Total Properties Currently for Sale (Inventory) 108
October Number of Properties Sold 6 71
October Average Days on Market (Solds) 174 131
Asking Price per Square Foot (based on New Listings) $799 $767
October Sold Price per Square Foot $626 $619
October Month's Supply of Inventory 18.0 17.5
October Sale Price vs List Price Ratio 97.4% 85.2%
* 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
October Property sales were 6, up 100.0% from 3 in 10
10
10
10
10
10
10
October of 2009 and the same as the 6 sales last
9
9
8
month. October 2010 sales were at a mid level
7
7
7
compared to October of 2009 and 2008. October 6
6
6
6
6
6
6
YTD sales of 71 are running 39.2% ahead of last year's
5
5
5
5
4
year-to-date sales of 51.
4
4
2
3
2
1
0
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 S O
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 October was $1,283,000, 5,300

up 22.8% from $1,045,000 in October of 2009 and 4,800
4,300
up 21.3% from $1,057,500 last month. The Average
3,800
Sales Price in October was $1,929,450, up 87.9% 3,300
from $1,026,667 in October of 2009 and up 87.3% 2,800
from $1,029,983 last month. October 2010 ASP was 2,300
at the highest level compared to October of 2009 and 1,800
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
October was 108, down 6.1% from 115 last month and 120 120
127
126
122
119
118
117
down 14.3% from 126 in October of last year. October

116
116
115
115
114
114
113
113
112
100 100
111
111
111
110
110
109
108
108
107
107
105
104
103
103
2010 Inventory was at its lowest level compared with

100
98
98
97
95
94
October of 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 October 2010 20 20
MSI of 18.0 months was at a mid level compared with
October of 2009 and 2008. 0 0
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s 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 consumer’s real estate transaction.
MARKET ACTION REPORT October 2010
Nicole Truszkowski
831-238-7449
Price Range: All | Properties: Single Family
www.EstatesofCarmel.com
Days On Market for Sold Properties

Market Time 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
sells. An upward trend in DOM tends to indicate a
move towards more of a Buyer's market, a downward 174
trend a move towards more of a Seller's market. The
DOM for October was 174, up 3.0% from 169 days last 93
month and up 544.4% from 27 days in October of last
year. The October 2010 DOM was at a mid level 27
compared with October of 2009 and 2008.
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

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
October 2010 Selling Price per Square Foot of $626 was 677 626
up 26.3% from $496 last month and up 18.5% from 529 529
in October of last year.
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 97.4%
average amount that Sellers are agreeing to come down
from their original list price. The lower the ratio is 93.5%
below 100% the more of a Buyer's market exists, a ratio 90.8%
at or above 100% indicates more of a Seller's market.
The October 2010 Selling Price vs Original List Price of
97.4% was up from 88.2% last month and up from
90.8% in October of last year.
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
115
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

October 2010 was 15, up 15.4% from 13 last month and
down 21.1% from 19 in October of last year. 40
20
0
07 08 09 10
Inventory / Listings / Sales October 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 October 2010 was 15, up
15.4% from 13 last month and down 21.1% from 19 in October of last year.
140 Inventory New Listings Sales
127
126
120
122
119
118
117
116
116
115
115
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
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6
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2
7
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7
4
6
0
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 S O
07

Pebble Beach Homes Market Action Report Real Estate Sales For Oct 2010

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MARKET ACTION REPORT October 2010

Number of Properties Sold 3 Mo Avg

Median Sales Price and Average Sales Price

The Median Sales Price in October was $1,283,000, 5,300

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

down 14.3% from 126 in October of last year. October

2010 Inventory was at its lowest level compared with

October 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

The Selling Price per Square Foot is a great indicator for

Selling Price versus Listing Price Ratio

Selling Price vs Original Listing Price

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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