Pacific Grove Homes Market Action Report Real Estate Sales For Jan 2011

MARKET ACTION REPORT January 2011
Nicole Truszkowski
City: Pacific Grove CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family - Condo - TwnHm www.EstatesofCarmel.com
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $649,500
Average List Price of all Current Listings $971,756
January Median Sales Price $517,500 $517,500
January Average Sales Price $513,190 $513,190
Total Properties Currently for Sale (Inventory) 88
January Number of Properties Sold 10 10
January Average Days on Market (Solds) 177 177
Asking Price per Square Foot (based on New Listings) $526 $526
January Sold Price per Square Foot $380 $380
January Month's Supply of Inventory 8.8 8.8
January Sale Price vs List Price Ratio 96.0% 95.9%
* 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 3 Mo Avg

20
Property Sales 18
19
January Property sales were 10, equal to 10 in
18
16
17
16
16
January of 2010 and 16.7% lower than the 12 sales 14
15
14
14
last month. January 2011 sales were at their highest 12
12
12
12
level compared to January of 2010 and 2009. 10
11
11
10
10
10
10
10
10
January YTD sales of 10 are running equal to last 8
9
9
8
8
8
6
7
year's year-to-date sales of 10.

6
6
6
4
2
3
0
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 D J
08 09 10 11
Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 1,200
Median means Middle (the same # of properties sold above and below the Median)
The Median Sales Price in January was $517,500, 1,100

down 26.9% from $707,500 in January of 2010 and
1,000
down 10.2% from $576,250 last month. The Average
Sales Price in January was $513,190, down 25.9% 900
from $692,200 in January of 2010 and down 20.3% 800
from $643,867 last month. January 2011 ASP was at 700
the lowest level compared to January of 2010 and
600
2009.
500
08 09 10 11
Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI 160
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
35
The Total Inventory of Properties available for sale as of
January was 88, down 7.4% from 95 last month and up 140 30
141
134
134
15.8% from 76 in January of last year. January 2011

133
120
131
130
25
125
124
Inventory was at its highest level compared with January

114
100
112
111
110
110
109
108
of 2010 and 2009. 20

101
96
96
95
95
94
93
80
92
90
90
89
89
88
87
86
86
84
81
15
76
60
72
66
A comparatively lower MSI is more beneficial for sellers 40 10

while a higher MSI is better for buyers. The January 2011 5
20
MSI of 8.8 months was at a mid level compared with
January of 2010 and 2009. 0 0
08 09 10 11
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data 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
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.
MARKET ACTION REPORT January 2011
Nicole Truszkowski
831-238-7449
Price Range: All | Properties: Single Family - Condo - TwnHm
www.EstatesofCarmel.com
Days On Market for Sold Properties

Market Time 250
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many
days the average Property is on the market before it 200 177
sells. An upward trend in DOM tends to indicate a
move towards more of a Buyer's market, a downward 150
trend a move towards more of a Seller's market. The
DOM for January was 177, up 90.3% from 93 days last 100 65 68
month and up 160.3% from 68 days in January of last
year. The January 2011 DOM was at a mid level 50
compared with January of 2010 and 2009.
0
08 09 10 11
Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 800
Average Selling Price per Square Foot for properties that sold during the month
The Selling Price per Square Foot is a great indicator for 750
the direction of Property values. Since Median Sales
700
Price and Average Sales price can be impacted by the
650
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized 600
531
indicator on the direction of Property values. The 550
January 2011 Selling Price per Square Foot of $380 was 500
434
down 12.1% from $432 last month and down 28.5% 450
380
from 531 in January of last year. 400
350
08 09 10 11
Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
104%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 102%
average amount that Sellers are agreeing to come down
100% 98.5%
from their original list price. The lower the ratio is 97.7%
below 100% the more of a Buyer's market exists, a ratio 98%
96.0%
at or above 100% indicates more of a Seller's market.
96%
The January 2011 Selling Price vs Original List Price of
96.0% was down from 96.5% last month and down from 94%
97.7% in January of last year.
92%
90%
08 09 10 11
Inventory / New Listings / Sales

Inventory / New Listings / Sales 160 Inventory New Listings Sales
This last view of the market combines monthly 140

141
inventory of Properties for sale along with New Listings

134
134
120
133
131
130
125
124
and Sales. The graph shows the basic annual

114
100
112
111
110
110
109
108
seasonality of the market as well as the relationship

101
96
96
95
95
94
80
93
92
90
90
89
89
88
87
86
86
between these items. The number of New Listings in

84
81
76
60
72
January 2011 was 23, up 35.3% from 17 last month and

66
down 8.0% from 25 in January of last year. 40

20
0
08 09 10 11
Inventory / Listings / Sales January 2011
Nicole Truszkowski
831-238-7449
Price Range: All | Properties: Single Family - Condo - TwnHm
www.EstatesofCarmel.com
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 January 2011 was 23, up
35.3% from 17 last month and down 8.0% from 25 in January of last year.
160 Inventory New Listings Sales
140
141
134
134
133
131
130
120
125
124
114
112
111
110
110
109
108
100
101
96
96
95
95
94
93
92
90
90
89
89
88
87
80 86
86
84
81
76
72
60
66
40
33
30
30
28
28
20
26
26
25
24
24
24
23
23
23
22
22
21
21
21
21
19
18
18
18
17
17
17
17
17
16
16
16
16
16
16
15
15
14
14
14
14
14
12
12
12
10
10
10
10
11
11
10
12
10
7
8
7
9
9
0
F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11
08

Pacific Grove Homes Market Action Report Real Estate Sales For Jan 2011

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MARKET ACTION REPORT January 2011

Number of Properties Sold 3 Mo Avg

year's year-to-date sales of 10.

Median Sales Price and Average Sales Price

The Median Sales Price in January was $517,500, 1,100

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

15.8% from 76 in January of last year. January 2011

Inventory was at its highest level compared with January

of 2010 and 2009. 20

A comparatively lower MSI is more beneficial for sellers 40 10

Days On Market for Sold Properties

Selling Price per Square Foot

Selling Price versus Listing Price Ratio

Inventory / New Listings / Sales

This last view of the market combines monthly 140

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

January 2011 was 23, up 35.3% from 17 last month and

down 8.0% from 25 in January of last year. 40

Inventory / New Listings / Sales

160 Inventory New Listings Sales

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