pacific grove homes market action report real estate sales for november 2011

8/3/2019 Pacific Grove Homes Market Action Report Real Estate Sales for November 2011

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November 2011

Price Range: All | Properties: Single Family - 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

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

Property Sales

November Property sales were 12, up 20.0% from 10in November of 2010 and 20.0% lower than the 15

sales last month. November 2011 sales were at a mid

level compared to November of 2010 and 2009.

November YTD sales of 142 are running 13.6% ahead

of last year's year-to-date sales of 125.

7.4 8.0

93.3% 94.9%* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold

73 122

$465 $498

$359 $417

$556,792 $604,057

89

12 142

$740,000

$1,214,669

$477,500 $533,500

MARKET ACTION REPORT

City: Pacific Grove

Trending versus*: Trending versus*:

Month YTD

9

7

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8

6

1 0

1 4

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1 9

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1416

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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 N

3 Mo Avg

Nicole Truszkowski

CIPS, CLHMS, TRC, Broker Associate

[email protected]

831-238-7449

www.EstatesofCarmel.com

Prices

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

b d f l h d

Median Sales Price and Average Sales Price

The Median Sales Price in November was $477,500,

down 19.8% from $595,338 in November of 2010

and down 4.5% from $500,000 last month. The

Average Sales Price in November was $556,792,down 11.7% from $630,668 in November of 2010 and

up 12.3% from $495,948 last month. November 2011

ASP was at the lowest level compared to November of

2010 and 2009.

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

3

6 6

0

2

4

D08

J09

F M A M J J A S O N D J10


F M A M J J A S O N

400

500

600

700

800

900

1,000

D08

J09



F M A M J J A S O N

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

2 4 30

35120

(000's)3 Mo Avg



November 2011


Market Time

Selling Price per Square FootThe 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 2011 Selling Price per Square Foot of $359

was down 18.1% from $439 last month and down 19.3%

from 445 in November of last year.

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 November was 73, down 24.0% from 96 days

last month and down 33.0% from 109 days in November

of last year. The November 2011 DOM was at its lowestlevel compared with November of 2010 and 2009.

Selling Price per Square Foot

87109

73

0

50

100

150

200

250

D08

J09



F M A M J J A S O N

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

575

445

359

350

400

450

500

550

600

650

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 N

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

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449


Selling Price vs Original Listing Price

Inventory / New Listings / Sales

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 November 2011 Selling Price vs Original List Price

of 93.3% was down from 95.4% last month and down

from 96.0% in November of last year.


350D08

J09



F M A M J J A S O N

99.3%

96.0%

93.3%

90%

92%

94%

96%

98%

100%

102%

104%

D08

J09



F M A M J J A S O N

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

120 Inventory New Listings Sales

3 Mo Avg



November 2011


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 November 2011 was 16,

down 27.3% from 22 last month and down 5.9% from 17 in November of last year.

3

29

6 9 6

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1 1 0

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1 1 4

1 0 9

1 0 8

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9 6

4 9 9 1

0 3

1 0 3

1 0 0

1 0 3

1 0 4100

120 Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family - 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.

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pacific grove homes market action report real estate sales for november 2011

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