You are on page 1of 4

November 2016

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
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

Month

LM

L3M PYM

Trending Versus*:

LY

$1,020,000
$1,239,467
$797,000
$911,909
46
11
78
$725
$660
4.2
96.6%

YTD

PriorYTD

PriorYear

$800,000
$897,285
161
55
$677
$623
3.5
97.5%

* 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.

November 2016

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 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.

November 2016

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 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.

November 2016

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

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

Price per Sq Ft
3 Mo. Roll Avg

D 13 J 14
Sale to List Price
3 Mo. Roll Avg

D 13 J 14
19 18
38 45
12 15

New Listings
Inventory
Sales
(000's)

Avg Sale Price


3 Mo. Roll Avg

D J 15

D J 16

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 0.974 0.959 0.977 0.977 0.972 0.958 0.985 0.986 0.984 0.988 0.991 0.971 0.969 0.975 0.966
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 0.980 0.974 0.970 0.971 0.975 0.969 0.972 0.976 0.985 0.986 0.988 0.983 0.977 0.972 0.970

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
38
9

M
15
33
17

A
28
36
11

M
22
31
22

J
32
46
23

J
22
48
21

A
13
45
16

S
14
43
9

O
22
46
15

N
11
41
12

D J 16
14 13
39 35
11 13

F
26
44
10

M
20
42
11

A
24
43
19

M
21
38
22

J
28
45
20

J
30
60
18

A
13
56
14

S
20
59
13

O
16
54
10

N
7
46
11

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.