pacific grove homes market action report real estate sales for december 2012

7/29/2019 Pacific Grove Homes Market Action Report Real Estate Sales for December 2012

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December 2012

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

December Median Sales Price

December Average Sales Price

Total Properties Currently for Sale (Inventory)

December Number of Properties Sold

December Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

December Sold Price per Square Foot

December Month's Supply of Inventory

December Sale Price vs List Price Ratio

Property Sales

Prices

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

b d f l h d

December Property sales were 11, down 45.0% from20 in December of 2011 and 50.0% lower than the 22

sales last month. December 2012 sales were at their

lowest level compared to December of 2011 and 2010.

December YTD sales of 216 are running 33.3% ahead

of last year's year-to-date sales of 162.

Median Sales Price and Average Sales Price

The Median Sales Price in December was $722,000,

up 69.3% from $426,500 in December of 2011 and

up 15.9% from $623,000 last month. The Average

Sales Price in December was $651,005, up 23.2%from $528,250 in December of 2011 and down 0.4%

from $653,914 last month. December 2012 ASP was

at the highest level compared to December of 2011

and 2010.

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

4.0 3.9

98.1% 95.7%* LM=Last Month / L3M=Last 3 Mo nths / PYM=Same Month Prior Year / LY=Last Year (2011) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold

42 78$593 $486

$458 $415

$651,005 $604,369

44

11 216

$661,000

$1,220,168

$722,000 $536,750

MARKET ACTION REPORT

City: Pacific Grove

Trending versus*: Trending versus*:

Month YTD

1 0

8 6 1 8

1 6

1 7

1 1

9 1 1

9 1 0

1 2

1 0

1 2

1 3

1 2

8 1 9

1 4

1 9

8 1 5

1 2

2 0

1 4

1 0

2 7

2 1

1 8

1 7

1 8

1 4

2 2

2 2

2 2

1 1

0

5

10

15

2025

30

J10

F M A M J J A S O N D J11


F M A M J J A S O N D

400450500550600650700750800850900

J10




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

2 4 14

16120

(000's)

3 Mo Avg

3 Mo Avg

Nicole Truszkowski

Broker Associate

www.estatesofcarmel.com

831-238-7449

email: [email protected]



December 2012


Market Time

Selling Price per Square Foot

Selling Price vs Original Listing Price

Inventory / New Listings / Sales

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

December 2012 Selling Price per Square Foot of $458

was up 12.4% from $408 last month and up 24.8% from

367 in December of last year.

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 December 2012 Selling Price vs Original List Price

of 98.1% was up from 97.4% last month and up from

94.0% in December 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 December was 42, down 44.0% from 75 days

last month and down 35.4% from 65 days in December

of last year. The December 2012 DOM was at its lowestlevel compared with December of 2011 and 2010.

Selling Price per Square Foot

93

65

42

0

50

100

150

200

250

J10




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

432

367

458

350

400

450

500

550

600

J10




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

96.5%

94.0%

98.1%

90%

91%

92%

93%

94%

95%

96%

97%

98%

99%

100%

J10




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

120 Inventory New Listings Sales

3 Mo Avg

3 Mo Avg

3 Mo Avg

Nicole Truszkowski

Broker Associate


831-238-7449




December 2012


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.

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 basic

annual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2012 was 7, down46.2% from 13 last month and down 66.7% from 21 in December of last year.

7 6

9 4

8 7 8

9

9 5

1 1 0

1 1 2

1 1 4

1 0 9

1 0 8

1 0 2

9 6

9

0

8 4

8 5

9 4

9 9 1

0 3

1 0 4

1 0 1

1 0 4

1 0 6

9 4

9 3

9

0

7 9

6 0

5 6

5 7

5 5

7 4

6 7

6 4

6 3

5 9

4 4

2 5

3 0

2 1

2 6 2

8

3 3

2 3

2 2

1 4 1

6 1 7

1 7

2 3

1 9

1 9 2

1

2 8

2 6

2 6

2 1

2 6

2 2

1 6

2 1

1 9

2 5

1 6

1 6

2 1

2 5

3 2

2 4

2 1

2 1

1 3

7 1 0

8 6

1 8

1 6

1 7

1 1

9 1 1

9 1 0 1

2

1 0 1

2 1 3

1 2

8

1 9

1 4

1 9

8

1 5

1 2

2 0

1 4

1 0

2 7

2 1

1 8

1 7

1 8

1 4

2 2

2 2

2 2

1 1

0

20

40

60

80

100

120

J 10 F M A M J J 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

Inventory New Listings Sales

Nicole Truszkowski

Broker Associate


831-238-7449


pacific grove homes market action report real estate sales for december 2012

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