August 2015

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Pacific Grove

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Trending Versus*:

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

LM

L3M PYM

Trending Versus*:

LY

$1,154,500
$1,419,940
$727,000
$846,078
42
16
73
$706
$568
2.6
99.0%

YTD

PriorYTD

PriorYear

$752,500
$868,258
128
50
$625
$613
2.8
97.4%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales
August Property sales were 16, up 14.3% from 14 in August of 2014 and -23.8% lower than the 21 sales last month. August 2015 sales were at their highest
level compared to August of 2014 and 2013. August YTD sales of 128 are running 9.4% ahead of last year's year-to-date sales of 117.

Prices
The Median Sales Price in August was $727,000, up 12.2% from $648,000 in August of 2014 and up 6.1% from $685,000 last month. The Average Sales Price
in August was $846,078, down -10.0% from $939,929 in August of 2014 and down -3.8% from $879,810 last month. August 2015 ASP was at a mid range
compared to August of 2014 and 2013.

Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 9/1/2012 through 8/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.

August 2015

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Pacific Grove

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Inventory & MSI

The Total Inventory of Properties available for sale as of August was 42, down -10.6% from 47 last month and down -10.6% from 47 in August of last year.
August 2015 Inventory was at the lowest level compared to August of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2015 MSI of 2.6 months was at its lowest level
compared with August of 2014 and 2013.

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 73, up 121.2% from 33 days
last month and down -7.6% from 79 days in August of last year. The August 2015 DOM was at its lowest level compared with August of 2014 and 2013.

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 2015 Selling Price per Square Foot of $568 was down -11.8% from $644 last month and up 6.8% from $532 in August of last year.

Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 9/1/2012 through 8/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.

August 2015

MARKET ACTION REPORT

Nicole Truszkowski

City: Pacific Grove

Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their 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 2015 Selling Price vs List Price of 99.0% was up
from 97.5% last month and up from 97.6% in August of last year.

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 2015 was 13, down -40.9% from 22 last
month and down -40.9% from 22 in August of last year.

Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 9/1/2012 through 8/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only
informational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's
may not reflect all real estate activity in the market.

August 2015

MARKET ACTION REPORT

Nicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Nicole.Truszkowski@sothebyshomes.com

City: Pacific Grove

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

S 12
22

Homes Sold
3 Mo. Roll Avg
(000's)

O
22

N
22
22

D J 13
11 11
18 15

F
9
10

M
22
14

A
21
17

M
14
19

J
16
17

J
17
16

A
15
16

S
14
15

O
18
16

N
15
16

D J 14
12 15
15 14

F
6
11

M
16
12

A
19
14

M
17
17

J
17
18

J
13
16

A
14
15

S
11
13

O
19
15

N
14
15

D J 15
14
9
16 12

F
9
11

M
17
12

A
11
12

M
22
17

J
23
19

J
21
22

A
16
20

MedianSalePrice
3 Mo. Roll Avg

S 12
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
A
490 605 623 722 599 650 607 655 603 660 730 725 687 701 600 653 745 728 600 655 680 730 714 648 625 689 840 697 681 915 815 728 823 655 685 727
573 650 648 657 619 637 622 639 664 705 714 704 663 651 666 708 691 661 645 688 708 697 662 654 718 742 739 764 804 819 788 735 721 689

Inventory
MSI

S 12
66
3

O
65
3

N
62
3

D J 13
47 43
4
4

F
43
5

M
45
2

A
45
2

M
47
3

J
59
4

J
62
4

A
62
4

S
53
4

O
44
2

N
35
2

D J 14
38 45
3
3

F
44
7

M
42
3

A
45
2

M
47
3

J
46
3

J
45
3

A
47
3

S
48
4

O
47
2

N
44
3

D J 15
40 45
3
5

F
37
4

M
32
2

A
35
3

M
30
1

J
45
2

J
47
2

A
42
3

S 12
33

O
44

N
75
51

D J 13
42 61
54 59

F
82
62

M
70
71

A
98
83

M
47
72

J
36
60

J
26
36

A
S
75 125
46 75

O
93
98

N
62
93

D J 14
99 71
85 77

F
76
82

M
55
67

A
53
61

M
68
59

J
77
66

J
41
62

A
79
66

S
74
65

O
38
64

N
56
56

D J 15
78 71
57 68

F
57
69

M
59
62

A
96
71

M
32
62

J
30
53

J
33
32

A
73
45

Days On Market
3 Mo. Roll Avg

S 12
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
A
422 454 408 458 451 539 410 529 603 447 482 518 477 527 490 518 554 477 484 587 454 656 592 532 484 530 621 602 711 700 632 495 621 580 644 568
428 440 439 483 467 493 514 526 511 482 492 507 498 512 521 516 505 516 508 566 567 593 536 515 545 584 645 671 681 609 583 565 615 597

Price per Sq Ft
3 Mo. Roll Avg

S 12

D J 13

D J 14

D J 15

Sale to List Price

3 Mo. Roll Avg

0.948 0.983 0.974 0.981 0.959 0.997 0.972 0.971 0.981 0.995 0.981 0.961 0.975 0.966 0.964 0.958 0.968 0.999 0.967 0.976 0.968 0.948 0.972 0.976 0.974 0.964 0.964 0.961 0.969 0.985 0.972 0.969 0.988 0.985 0.975 0.990
0.968 0.979 0.971 0.979 0.976 0.980 0.975 0.982 0.986 0.979 0.972 0.967 0.968 0.963 0.963 0.975 0.978 0.981 0.970 0.964 0.963 0.965 0.974 0.971 0.967 0.963 0.965 0.972 0.975 0.975 0.976 0.981 0.983 0.983

New Listings
Inventory
Sales

S 12
21
66
22
(000's)

Avg Sale Price

3 Mo. Roll Avg

O
21
65
22

N
13
62
22

D J 13
7 21
47 43
11 11

F
15
43
9

M
26
45
22

A
22
45
21

M
18
47
14

J
25
59
16

J
21
62
17

A
18
62
15

S
15
53
14

O
11
44
18

N
10
35
15

D J 14
19 18
38 45
12 15

F
17
44
6

M
21
42
16

A
26
45
19

M
15
47
17

J
16
46
17

J
19
45
13

A
22
47
14

S
19
48
11

O
15
47
19

N
13
44
14

D J 15
10 17
40 45
14
9

F
15
37
9

M
15
32
17

A
28
35
11

M
22
30
22

J
32
45
23

J
22
47
21

A
13
42
16

S 12
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
A
581 613 654 651 623 835 663 750 697 686 750 711 705 907 737 796 824 667 665 733 804 1,234 893 940 840 788 895 850 884 841 957 754 909 829 880 846
1,022
616 639 643 703 707 749 703 711 711 716 722 774 783 814 786 762 719 688 734 924 977
891 856 841 844 876 858 894 850 873 830 872 852

Sotheby's International Realty is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Operated by Sotheby's International Realty, Inc.
Based on information from MLSListings, Inc for the period 9/1/2012 through 8/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate.
Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.