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8/11/2019 Pacific Grove Homes Market Action Report Real Estate Sales for August 2014
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MARKET ACTION REPORT
August 2014
City: Pacific GroveNicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear
Median List Price of all Current Listings $825,000
Average List Price of all Current Listings $1,242,828
August Median Sales Price $648,000 $699,000
August Average Sales Price $939,929 $857,727
Total Properties Currently for Sale (Inventory) 45
August Number of Properties Sold 14 117
August Average Days on Market (Solds) 79 64
Asking Price per Square Foot (based on New Listings) $673 $597
August Sold Price per Square Foot $532 $548
August Month's Supply of Inventory 3.2 3.4
August Sale Price vs List Price Ratio 97.6% 95.1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales August Property sales were 14, down -6.7% from 15 in August of 2013 and 7.7% higher than the 13 sales last month. August 2014 sales were at their lowestlevel compared to August of 2013 and 2012. August YTD sales of 117 are running -6.4% behind last year's year-to-date sales of 125.
Prices
8/11/2019 Pacific Grove Homes Market Action Report Real Estate Sales for August 2014
http://slidepdf.com/reader/full/pacific-grove-homes-market-action-report-real-estate-sales-for-august-2014 2/4
MARKET ACTION REPORT
August 2014
City: Pacific GroveNicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
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 August was 45, equal to 45 last month and down -27.4% from 62 in August of last year. August 2014Inventory was at the lowest level compared to August of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2014 MSI of 3.2 months was at its lowest levelcompared with August of 2013 and 2012.
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 amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for August was 79, up 92.7% from 41 dayslast month and up 5.3% from 75 days in August of last year. The August 2014 DOM was at a mid range compared with August of 2013 and 2012.
8/11/2019 Pacific Grove Homes Market Action Report Real Estate Sales for August 2014
http://slidepdf.com/reader/full/pacific-grove-homes-market-action-report-real-estate-sales-for-august-2014 3/4
MARKET ACTION REPORT
August 2014
City: Pacific GroveNicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
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 August 2014 Selling Price vs List Price of 97.6% was upfrom 97.2% last month and up from 96.1% in August 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 annualseasonality of the market as well as the relationship between these items. The number of New Listings in August 2014 was 22, up 15.8% from 19 last monthand up 22.2% from 18 in August of last year.
8/11/2019 Pacific Grove Homes Market Action Report Real Estate Sales for August 2014
http://slidepdf.com/reader/full/pacific-grove-homes-market-action-report-real-estate-sales-for-august-2014 4/4
MARKET ACTION REPORT
August 2014
City: Pacific GroveNicole Truszkowski
Sales Associate
(831) 238-7449
(831) 624-2457
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
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 9/1/2011 through 8/31/2014. 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.
S 11 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 S O N D J 14 F M A M J J A
Homes Sold 8 15 12 20 14 10 27 21 18 17 18 14 22 22 22 11 11 9 22 21 14 16 17 15 14 18 15 12 15 6 16 19 17 17 13 143 Mo. Roll Avg 12 16 15 15 17 19 22 19 18 16 18 19 22 18 15 10 14 17 19 17 16 16 15 16 16 15 14 11 12 14 17 18 16 15
(000's) S 11 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 S O N D J 14 F M A M J J A
MedianSalePrice 550 500 478 427 542 557 500 520 612 600 486 546 490 605 623 722 599 650 607 655 603 660 730 725 687 701 600 653 745 728 600 655 680 730 714 6483 Mo. Roll Avg 509 468 482 508 533 526 544 577 566 544 508 547 573 650 648 657 619 637 622 639 664 705 714 704 663 651 666 708 691 661 645 688 708 697
S 11 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 S O N D J 14 F M A M J J A
Inventory 104 106 94 93 90 79 60 56 57 55 74 69 66 65 62 47 43 43 45 45 47 59 62 62 53 44 35 38 45 44 42 45 47 46 45 45MSI 13 7 8 5 6 8 2 3 3 3 4 5 3 3 3 4 4 5 2 2 3 4 4 4 4 2 2 3 3 7 3 2 3 3 3 3
S 11 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 S O N D J 14 F M A M J J A
Days On Market 62 96 73 65 74 76 95 104 154 87 62 82 33 44 75 42 61 82 70 98 47 36 26 75 125 93 62 99 71 76 55 53 68 77 41 793 Mo. Roll Avg 77 78 71 72 82 92 118 115 101 77 59 53 51 54 59 62 71 83 72 60 36 46 75 98 93 85 77 82 67 61 59 66 62 66
S 11 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 S O N D J 14 F M A M J J A
Price per Sq Ft 420 439 359 367 396 401 385 400 385 432 451 391 422 454 408 458 451 539 410 529 603 447 482 518 477 527 490 518 554 477 484 587 454 656 592 5323 Mo. Roll Avg 406 388 374 388 394 395 390 406 423 425 421 422 428 440 439 483 467 493 514 526 511 482 492 507 498 512 521 516 505 516 508 566 567 593
S 11 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 S O N D J 14 F M A M J J A
Sale to List Price 0.937 0.954 0.933 0.940 0.946 0.950 0.952 0.974 0.962 0.971 0.950 0.951 0.948 0.983 0.974 0.981 0.959 0.997 0.972 0.971 0.981 0.995 0.981 0.961 0.975 0.966 0.964 0.958 0.968 0.999 0.967 0.976 0.968 0.948 0.972 0.976
3 Mo. Roll Avg 0.941 0.942 0.940 0.945 0.949 0.959 0.963 0.969 0.961 0.957 0.950 0.961 0.968 0.979 0.971 0.979 0.976 0.980 0.975 0.982 0.986 0.979 0.972 0.967 0.968 0.963 0.963 0.975 0.978 0.981 0.970 0.964 0.963 0.965
S 11 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 S O N D J 14 F M A M J J A
New Listings 26 22 16 21 19 25 16 16 21 25 32 24 21 21 13 7 21 15 26 22 18 25 21 18 15 11 10 19 18 17 21 26 15 16 19 22Inventory 104 106 94 93 90 79 60 56 57 55 74 69 66 65 62 47 43 43 45 45 47 59 62 62 53 44 35 38 45 44 42 45 47 46 45 45Sales 8 15 12 20 14 10 27 21 18 17 18 14 22 22 22 11 11 9 22 21 14 16 17 15 14 18 15 12 15 6 16 19 17 17 13 14
(000's) S 11 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 S O N D J 14 F M A M J J A
Avg Sale Price 581 496 557 528 601 613 526 566 688 623 558 649 581 613 654 651 623 835 663 750 697 686 750 711 705 907 737 796 824 667 665 733 804 1,234 893 9403 Mo. Roll Avg 544 527 562 581 580 568 593 626 623 610 596 614 616 639 643 703 707 749 703 711 711 716 722 774 783 814 786 762 719 688 734 924 977 1,022
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