pacific grove homes market action report real estate sales for august 2013

7/30/2019 Pacific Grove Homes Market Action Report Real Estate Sales for August 2013

http://slidepdf.com/reader/full/pacific-grove-homes-market-action-report-real-estate-sales-for-august-2013 1/3

August 2013

Price Range: All | Properties: SFH - Condo - TwnHm

Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year

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

Property Sales

Prices

Inventory & MSIThe Total Inventory of Properties available for sale as of

August was 58, down 3.3% from 60 last month and

down 15.9% from 69 in August of last year. August 2013

Inventory was at its lowest level compared with August

of 2012 and 2011.

August Property sales were 15, up 7.1% from 14 in August of 2012 and 11.8% lower than the 17 sales

last month. August 2013 sales were at a mid levelcompared to August of 2012 and 2011. August YTDsales of 125 are running 10.1% behind last year's

year-to-date sales of 139.

Median Sales Price and Average Sales Price

The Median Sales Price in August was $725,000, up32.7% from $546,250 in August of 2012 and down0.7% from $730,000 last month. The Average Sales

Price in August was $710,675, up 9.5% from$648,857 in August of 2012 and down 5.3% from

$750,235 last month. August 2013 ASP was at thehighest level compared to August of 2012 and 2011.

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

3.9 3.4

96.1% 97.7%* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold

75 62

$567 $550$518 $492

$710,675 $710,802

58

15 125

$839,000

$1,255,496

$725,000 $650,000

MARKET ACTION REPORT

City: Pacific Grove

Trending versus*: Trending versus*:

Month YTD

400450500550600650700750800850

900

S10

O N D J11

F M A M J J A S O N D J12


F M A M J J A

Median means Middle

(the same # of properties sold above and below the Median)

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

(000's)

3 Mo Avg

3 Mo Avg

Nicole Truszkowski

Broker Associate

www.estatesofcarmel.com

(831) 238-7449

1 1

9 1 0

1 2

1 0

1 2

1 3

1 2

8 1 9

1 4

1 9

8 1 5

1 2

2 0

1 4

1 0

2 7

2 1

1 8

1 7

1 8

1 4

2 2

2 2

2 2

1 1

1 1

9 2 2

2 1

1 4

1 6

1 7

1 5

0

5

10

15

20

25

30

S10

O N D J11



F M A M J J A

1 0 9

1 0 8

1 0 2

9 6

9 0

8 4

8 5

9 4 9

9 1 0 3

1 0 4

1 0 1

1 0 4

1 0 6

9 4

9 3

9 0

7 9

4 8

10

12

14

80

100

120



August 2013


Market Time

Selling Price per Square Foot

Selling Price vs Original Listing Price

Inventory / New Listings / Sales

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 2013 Selling Price per Square Foot of $518 was

up 7.5% from $482 last month and up 32.6% from 391

in August of last year.

Selling Price versus Listing Price Ratio

The Selling Price vs Original Listing Price reveals the

average amount that Sellers are agreeing to come down

from their original 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 2013 Selling Price vs Original List Price of

96.1% was down from 98.1% last month and up from

95.1% in August of last year.


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

MARKET ACTION REPORT

City: Pacific Grove

Days On Market for Sold Properties

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 75, up 188.5% from 26 days last

month and down 8.5% from 82 days in August of last

year. The August 2013 DOM was at its lowest level

compared with August of 2012 and 2011.

Selling Price per Square Foot

Average Days on Market (Listing to Contract) for properties sold during the month

Average Selling Price per Square Foot for properties that sold during the month

Avg Selling Price divided by Avg Listing Price for sold properties during the month

3 Mo Avg

3 Mo Avg

3 Mo Avg

Nicole Truszkowski

Broker Associate


(831) 238-7449

208

82 75

386 391

518

95.9%

95.1%

96.1%

1 0 9

1 0 8

1 0 2

9 6

9 0

8 4

8 5

9 4 9

9 1 0 3

1 0 4

1 0 1

1 0 4

1 0 6

9 4

9 3

9 0

7 9

7 4

960

80

100

120 Inventory New Listings Sales



August 2013


Copyright © Sotheby’s International Realty | Price Range: Al l | Property Types: SFH - Condo - TwnHmData 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

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.

Inventory / Listings / Sales

City: Pacific Grove


This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in August 2013 was 18, down14.3% from 21 last month and down 25.0% from 24 in August of last year.

Nicole Truszkowski

Broker Associate


(831) 238-7449

1 0 9

1 0 8

1 0 2

9 6

9 0

8 4

8 5

9 4

9 9 1

0 3

1 0 4

1 0 1

1 0 4

1 0 6

9 4

9 3

9 0

7 9

6 0

5 6

5 7

5 5

7 4

6 9

6 6

6 5

6 2

4 7

4 3

4 3 4

5 4 5 4

7

5 8 6

0

5 8

1 4 1

6 1 7

1 7

2 3

1 9

1 9 2

1

2

8

2 6

2 6

2 1

2 6

2 2

1 6

2 1

1 9

2 5

1 6

1 6

2 1

2 5

3 2

2 4

2 1

2 1

1 3

7

2 1

1 5

2 6

2 2

1 8

2 5

2 1

1 8

1 1

9 1 0 1

2

1 0 1

2 1 3

1 2

8

1 9

1 4

1 9

8

1 5

1 2

2 0

1 4

1 0

2 7

2 1

1 8

1 7

1 8

1 4

2 2

2 2

2 2

1 1

1 1

9

2 2

2 1

1 4 1

6 1 7

1 5

0

20

40

60

80

100

120

S10

O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A

Inventory New Listings Sales

pacific grove homes market action report real estate sales for august 2013

Documents