MARKET ACTION REPORT

June 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pacific Grove

Price Range: All | Properties: SFH - Condo - TwnHm

Trending versus*:

Trending versus*:
LY

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings June Median Sales Price June Average Sales Price Total Properties Currently for Sale (Inventory) June Number of Properties Sold June Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) June Sold Price per Square Foot June Month's Supply of Inventory June Sale Price vs List Price Ratio

Month
$842,000 $1,303,056 $660,000 $685,781 54 16 36 $551 $447 3.4 99.5%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$637,500 $703,614 93 67 $559 $490 3.2 98.1%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
June Property sales were 16, down 5.9% from 17 in June of 2012 and 14.3% higher than the 14 sales last month. June 2013 sales were at their lowest level compared to June of 2012 and 2011. June YTD sales of 93 are running 13.1% behind last year's yearto-date sales of 107.

30 25 20 15 10
11 9 11 9 10 12 10 12 13 12 8 19 14 19 8 15 12 20 14 10 27 21 18 17 18 14 22 22 22 11 11 9 22 21 14 16

5 0

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 F M A M J 10 11 12 13

Prices
The Median Sales Price in June was $660,000, up 10.0% from $600,000 in June of 2012 and up 9.4% from $603,250 last month. The Average Sales Price in June was $685,781, up 10.0% from $623,288 in June of 2012 and down 1.6% from $697,225 last month. June 2013 ASP was at the highest level compared to June of 2012 and 2011.

(000's)

Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

900 850 800 750 700 650 600 550 500 450 400

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 F M A M J 10 11 12 13

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

Inventory & MSI

The Total Inventory of Properties available for sale as of June was 54, up 20.0% from 45 last month and down 1.8% from 55 in June of last year. June 2013 Inventory was at its lowest level compared with June of 2012 and 2011. 120 100 80 60

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

14
112 114 109 108 102 96 90 84 85 94 99 103 104 101 104 106 94 93 90 79

12 10
74 69 66 65 62

8
47 43 43 45 43 45 54

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2013 MSI of 3.4 months was at a mid level compared with June of 2012 and 2011.

40 20 0

60 56 57 55

6 4 2 0

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 F M A M J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys 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 consumers real estate transaction.

MARKET ACTION REPORT

June 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pacific Grove

Price Range: All | Properties: SFH - Condo - TwnHm

Days On Market for Sold Properties

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 a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for June was 36, down 23.4% from 47 days last month and down 58.6% from 87 days in June of last year. The June 2013 DOM was at its lowest level compared with June of 2012 and 2011.

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

3 Mo Avg

250 200 150

94

100 50 0

87 36

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 F M A M J 10 11 12 13

Selling Price per Square Foot

Selling Price per Square Foot

The 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 June 2013 Selling Price per Square Foot of $447 was down 25.9% from $603 last month and up 3.4% from 432 in June of last year.

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

3 Mo Avg

650 600 550 500 450 400 350

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 F M A M J 10 11 12 13 441 432 447

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg

Selling Price vs Original Listing Price

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 June 2013 Selling Price vs Original List Price of 99.5% was up from 98.1% last month and up from 97.1% in June of last year.

100% 99% 98% 97% 96% 95% 94% 93% 92% 91% 90% 93.5% 97.1%

99.5%

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 F M A M J 10 11 12 13

Inventory / New Listings / Sales

Inventory / New Listings / Sales

120
112 114 109 108 102 96 90 84 85 94 99 103 104 101 104 106 94 93 90 79

Inventory

New Listings

Sales

This last view of the market combines monthly 100 inventory of Properties for sale along with New Listings 80 and Sales. The graph shows the basic annual seasonality of the market as well as the relationship 60 between these items. The number of New Listings in June 2013 was 25, up 38.9% from 18 last month and 40 equal to 25 in June of last year. 20 0

60 56 57 55

74 69 66 65 62

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 F M A M J 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys 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 consumers real estate transaction.

47 43 43 45 43 45 54

Inventory / Listings / Sales

June 2013
Nicole Truszkowski Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pacific Grove

Price Range: All | Properties: SFH - Condo - TwnHm

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 June 2013 was 25, up 38.9% from 18 last month and equal to 25 in June of last year. 120
112 114 109 108

Inventory
104 104 106

New Listings

Sales

102

103

96

94

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100

99

94

90

93

84

80

85

90 79

74 69

66

60

56

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55

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65

47

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43

28

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J 10 A S O N D J 11 F M A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys 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 consumers real estate transaction.

7 11

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