Pacific Grove Homes Market Action Report Real Estate Sales for September 2011

8/4/2019 Pacific Grove Homes Market Action Report Real Estate Sales for September 2011

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September 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

September Median Sales Price

September Average Sales Price

Total Properties Currently for Sale (Inventory)

September Number of Properties Sold

September Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

September Sold Price per Square Foot

September Month's Supply of Inventory

September Sale Price vs List Price Ratio

Property Sales

September Property sales were 4, down 63.6% from11 in September of 2010 and 78.9% lower than the 19

sales last month. September 2011 sales were at their

lowest level compared to September of 2010 and

2009. September YTD sales of 111 are running 4.7%

ahead of last year's year-to-date sales of 106.

24.5 9.5

96.1% 95.0%* 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

72 134

$483 $512

$344 $418

$554,125 $623,656

98

4 111

$699,450

$1,134,915

$562,500 $545,000

MARKET ACTION REPORT

City: Pacific Grove

Trending versus*: Trending versus*:

Month YTD

8 8

9

7

3

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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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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 F M A M J J A S

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 l l h d d

Median Sales Price and Average Sales Price

The Median Sales Price in September was $562,500,

down 5.1% from $592,500 in September of 2010 and

up 0.4% from $560,000 last month. The Average

Sales Price in September was $554,125, down 7.1%from $596,227 in September of 2010 and up 1.0%

from $548,789 last month. September 2011 ASP was

at the lowest level compared to September of 2010

and 2009.

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

3

6 6

4

0

2

4

O08

N D J09

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


F M A M J J A S

500550600650700750800850900950

1,000

O08

N D J09



F M A M J J A S

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

30

35

120

140

(000's)3 Mo Avg



September 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

September 2011 Selling Price per Square Foot of $344

was down 11.0% from $386 last month and down 23.2%

from 448 in September 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 September was 72, down 65.4% from 208 days

last month and down 29.4% from 102 days in

September of last year. The September 2011 DOM wasat its lowest level compared with September of 2010 and

2009.

Selling Price per Square Foot

127

102

72

0

50

100

150

200

250

O08

N D J09



F M A M J J A S

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

467448

344

300

350

400

450

500

550

600

650

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 F M A M J J A S

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 September 2011 Selling Price vs Original List Price

of 96.1% was up from 95.9% last month and up from

94.4% in September of last year.


300O08

N D J09



F M A M J J A S

96.5%

94.4%

96.1%

90%

92%

94%

96%

98%

100%

102%

104%

O08

N D J09



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



September 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 September 2011 was 25, up

19.0% from 21 last month and up 78.6% from 14 in September of last year.

1 2 4

1 1 0 1

2

1 1 4

9 8

120

140 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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Documents

Pacific Grove Homes Market Action Report Real Estate Sales for September 2011