Pacific Grove Homes Market Action Report Real Estate Sales for Sept 2010

8/7/2019 Pacific Grove Homes Market Action Report Real Estate Sales for Sept 2010

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September 2010

Price Range: $1,000 and Up | Properties: Single Family

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

Median List Price of all Current Listings -1% -9%

Average List Price of all Current Listings -1% -3%

September Median Sales Price -6% -5% 5% -1% 7% 4%

September Average Sales Price -16% -16% -5% -15% 2% -2%

Total Properties Currently for Sale (Inventory) -7% 16%

September Number of Properties Sold 11% -29% 32%

September Average Days on Market (Solds) 96% 43% -18% 6% -33% -22%

Asking Price per Square Foot (based on New Listings) 9% 2% -12% -1% -8% -6%

September Sold Price per Square Foot 11% -1% -4% -13% -10% -12%

September Month's Supply of Inventory -16% -8% 63% -8% -29% -17%

September Sale Price vs List Price Ratio -.3% 1.4% -1.7% -.4% -1.3% -1.7%

Property Sales

Prices

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

The Median Sales Price in September was $601,250,up 4.8% from $573,500 in September of 2009 anddown 6.0% from $639,500 last month. The AverageSales Price in September was $613,800, down 5.2%from $647,643 in September of 2009 and down15.6% from $727,167 last month. September 2010

ASP was at the lowest level compared to Septemberof 2009 and 2008.

Trending versus*:

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold

September Property sales were 10, down 28.6%from 14 in September of 2009 and 11.1% higher thanthe 9 sales last month. September 2010 sales wereat their lowest level compared to September of 2009and 2008. September YTD sales of 102 are running32.5% ahead of last year's year-to-date sales of 77.

$545

93.5%

$521$462

8.4

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

9.3

Month YTD

81

$635,000$709,851

10

$457

110

Trending versus*:

102

City: Pacific Grove

Median Sales Price and Average Sales Price

MARKET ACTION REPORT

94.7%

$739,000$929,758$601,250$613,800

93

9

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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 Pace140 30

(000's)

3 Mo Avg

3 Mo Avg

Nicole TruszkowskiCIPS,CLHMS,TRC

[email protected]

www.estatesofcarmel.com



September 2010


Market Time

Selling Price per Square Foot

Selling Price vs Original Listing Price

Inventory / New Listings / Sales

The Selling Price vs Original Listing Price reveals theaverage amount that Sellers are agreeing to come downfrom their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratioat or above 100% indicates more of a Seller's market.The September 2010 Selling Price vs Original List Priceof 94.7% was down from 95.0% last month and down

from 96.3% in September of last year.

Inventory / New Listings / Sales

Selling Price versus Listing Price Ratio

The average Days On Market (DOM) shows how many days the average Property is on the market before itsells. An upward trend in DOM tends to indicate a movetowards more of a Buyer's market, a downward trend amove towards more of a Seller's market. The DOM forSeptember was 110, up 96.4% from 56 days last monthand down 17.9% from 134 days in September of last

year. The September 2010 DOM was at its lowest levelcompared with September of 2009 and 2008.

MARKET ACTION REPORT

Days On Market for Sold Properties

The Selling Price per Square Foot is a great indicator forthe direction of Property values. Since Median SalesPrice and Average Sales price can be impacted by the'mix' of high or low end Properties in the market, theselling price per square foot is a more normalizedindicator on the direction of Property values. TheSeptember 2010 Selling Price per Square Foot of $457 was up 10.9% from $412 last month and down 3.9%from 475 in September of last year.

Selling Price per Square Foot

City: Pacific Grove

128 134110

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

624

475 457

400450500550600650700

750800850

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F M A M J J A S

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

92.0%

96.3%

94.7%

90%

92%

94%

96%

98%

100%

102%

104%

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F M A M J J A S

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

140 Inventory New Listings Sales

3 Mo Avg

3 Mo Avg

3 Mo Avg

Nicole TruszkowskiCIPS,CLHMS,TRC

[email protected]




September 2010


he 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.

Copyright © Sotheby’s International Realty | Price Range: $1,000 and Up | Property Types: Single Family

Inventory / Listings / Sales

City: Pacific Grove

Inventory / New Listings / SalesThis 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 September 2010 was 12,down 40.0% from 20 last month and down 14.3% from 14 in September of last year.

Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc

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Inventor New Listin s Sales

Nicole Truszkowski

CIPS,CLHMS,TRC

[email protected]


Documents

Pacific Grove Homes Market Action Report Real Estate Sales for Sept 2010