Pacific Grove Real Estate sales market action report for November 2016, prepared by Nicole Truszkowski CIPS,CLHMS,TRC phone 831-238-7449 email: nicole@estatesofcarmel.com, website www.estatesofcarmel.com
Original Title
Pacific Grove Real Estate Sales Market Action Report for November 2016
Pacific Grove Real Estate sales market action report for November 2016, prepared by Nicole Truszkowski CIPS,CLHMS,TRC phone 831-238-7449 email: nicole@estatesofcarmel.com, website www.estatesofcarmel.com
Pacific Grove Real Estate sales market action report for November 2016, prepared by Nicole Truszkowski CIPS,CLHMS,TRC phone 831-238-7449 email: nicole@estatesofcarmel.com, website www.estatesofcarmel.com
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 November Median Sales Price November Average Sales Price Total Properties Currently for Sale (Inventory) November Number of Properties Sold November Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) November Sold Price per Square Foot November Month's Supply of Inventory November Sale Price vs List Price Ratio
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales November Property sales were 11, down -8.3% from 12 in November of 2015 and 10.0% higher than the 10 sales last month. November 2016 sales were at their lowest level compared to November of 2015 and 2014. November YTD sales of 161 are running -1.8% behind last year's year-to-date sales of 164.
Prices The Median Sales Price in November was $797,000, down -7.1% from $857,500 in November of 2015 and up 3.6% from $769,500 last month. The Average Sales Price in November was $911,909, down -9.2% from $1,003,917 in November of 2015 and up 5.4% from $864,950 last month. November 2016 ASP was at a mid range compared to November of 2015 and 2014.
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 12/1/2013 through 11/30/2016. 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.
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 November was 46, down -14.8% from 54 last month and up 12.2% from 41 in November of last year. November 2016 Inventory was at highest level compared to November of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2016 MSI of 4.2 months was at its highest level compared with November of 2015 and 2014.
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 November was 78, up 110.8% from 37 days last month and up 5.4% from 74 days in November of last year. The November 2016 DOM was at its highest level compared with November of 2015 and 2014.
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 November 2016 Selling Price per Square Foot of $660 was up 15.4% from $572 last month and up 9.1% from $605 in November 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 12/1/2013 through 11/30/2016. 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.
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 November 2016 Selling Price vs List Price of 96.6% was down from 97.5% last month and down from 97.7% in November 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 November 2016 was 7, down -56.3% from 16 last month and down -36.4% from 11 in November 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 12/1/2013 through 11/30/2016. 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.
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
D 13 J 14 12 15
Homes Sold 3 Mo. Roll Avg (000's)
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
S 9 15
O 15 13
N 12 12
D J 16 11 13 13 12
F 10 11
M 11 11
A 19 13
M 22 17
J 20 20
J 18 20
A 14 17
S 13 15
O 10 12
N 11 11
MedianSalePrice 3 Mo. Roll Avg
D 13 J 14 F M A M J J A S O N D J 15 F M A M J J A S O N D J 16 F M A M J J A S O N 653 745 728 600 655 680 730 714 648 625 689 840 697 681 915 815 728 823 655 685 727 822 785 858 875 750 820 740 735 880 795 802 834 769 770 797 708 691 661 645 688 708 697 662 654 718 742 739 764 804 819 788 735 721 689 745 778 821 839 828 815 770 765 785 803 826 810 802 791 779
Inventory MSI
D 13 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 38 4
M 33 2
A 36 3
M 31 1
J 46 2
J 48 2
A 45 3
S 43 5
O 46 3
N 41 3
D J 16 39 35 4 3
F 44 4
M 42 4
A 43 2
M 38 2
J 45 2
J 60 3
A 56 4
S 59 5
O 54 5
N 46 4
D 13 J 14 99 71
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
S O 48 116 51 79
N 74 79
D J 16 59 87 83 73
F 44 63
M 47 59
A 66 52
M 34 49
J 45 48
J 49 43
A 61 52
S 67 59
O 37 55
N 78 61
Days On Market 3 Mo. Roll Avg
D 13 J 14 F M A M J J A S O N D J 15 F M A M J J A S O N D J 16 F M A M J J A S O N 518 554 477 484 587 454 656 592 532 484 530 621 602 711 700 632 495 621 580 644 568 718 552 605 704 577 607 603 552 616 615 703 728 610 572 660 516 505 516 508 566 567 593 536 515 545 584 645 671 681 609 583 565 615 597 643 613 625 620 629 629 596 587 590 594 645 682 680 637 614
D 13 J 14 F M A M J J A S O N D J 15 F M A M J J A S O N D J 16 F M A M J J A S O N 796 824 667 665 733 804 1,234 893 940 840 788 895 850 884 841 957 754 909 829 880 846 1,028 877 1,004 864 890 832 796 848 1,019 910 843 1,062 798 865 912 1,022 762 719 688 734 924 977 891 856 841 844 876 858 894 850 873 830 872 852 918 917 970 915 919 862 839 825 887 926 924 939 901 908 858
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 12/1/2013 through 11/30/2016. 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.
