Pacific Grove Homes Market Action Report Real Estate Sales for December 2013
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MARKET ACTION REPORT December 2013 City: Pacific Grove Nicole Truszkowski Sales Associate (831) 238-7449 (831) 624-2457 [email protected] 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 1/1/2011 through 12/31/2013. Due to MLS reporting methods and allowable reporting policy, this data isonly informational and may not be completely accurate. Therefore, Sotheby's Residen tial Brokerage does not guarantee the data accuracy. Data maintained by theMLS's may not reflect all real estate activity in the market. Trending Versus*: Trending Versus*: Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear Median List Price of all Current Listings $869,500 Average List Price of all Current Listi ngs $1,344,763 December Median Sales Price $652,500 $655,000 December Average Sales Price $796,200 $737,329 Total Properties Currently for Sale (Inventory) 38 December Number of Properties Sold 12 184 December Average Days on Market (Solds) 99 73 Asking Price per Square Foot (based on New List ings) $540 $556 December Sold Price per Square Foot $518 $496 December Month's Supply of Inventory 3.2 3.3 December Sale Price vs List Price Ratio 95.8% 97.2% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date Property Sales December Property sales were 12, up 9.1% from 11 in December of 2012 and -20.0% lower than the 15 sales last month. December 2013 sales were at a mid level compared to December of 2012 and 2011. December YTD sales of 184 are running -14.8% behind last year's year-to-date sales of 216. Prices The Median Sales Price in December was $652,500, down -9.6% from $722,000 in December of 2012 and up 8.7% from $600,000 last month. The Average Sales Price in December was $796,200, up 22.3% from $651,005 in December of 2012 and up 8.0% from $737,117 last month. December 2013 ASP was at highest level compared to December of 2012 and 2011.
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Transcript of Pacific Grove Homes Market Action Report Real Estate Sales for December 2013
8/13/2019 Pacific Grove Homes Market Action Report Real Estate Sales for December 2013
http://slidepdf.com/reader/full/pacific-grove-homes-market-action-report-real-estate-sales-for-december-2013 1/4
MARKET ACTION REPORT
December 2013
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 $869,500
Average List Price of all Current Listings $1,344,763
December Median Sales Price $652,500 $655,000
December Average Sales Price $796,200 $737,329
Total Properties Currently for Sale (Inventory) 38
December Number of Properties Sold 12 184
December Average Days on Market (Solds) 99 73
Asking Price per Square Foot (based on New Listings) $540 $556
December Sold Price per Square Foot $518 $496
December Month's Supply of Inventory 3.2 3.3
December Sale Price vs List Price Ratio 95.8% 97.2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales December Property sales were 12, up 9.1% from 11 in December of 2012 and -20.0% lower than the 15 sales last month. December 2013 sales were at a midlevel compared to December of 2012 and 2011. December YTD sales of 184 are running -14.8% behind last year's year-to-date sales of 216.
Prices
8/13/2019 Pacific Grove Homes Market Action Report Real Estate Sales for December 2013
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MARKET ACTION REPORT
December 2013
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 December was 38, up 8.6% from 35 last month and down -19.1% from 47 in December of last year.December 2013 Inventory was at the lowest level compared to December of 2012 and 2011. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2013 MSI of 3.2 months was at its lowestlevel compared with December of 2012 and 2011.
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 December was 99, up 59.7% from 62days last month and up 135.7% from 42 days in December of last year. The December 2013 DOM was at its highest level compared with December of 2012and 2011.
8/13/2019 Pacific Grove Homes Market Action Report Real Estate Sales for December 2013
http://slidepdf.com/reader/full/pacific-grove-homes-market-action-report-real-estate-sales-for-december-2013 3/4
MARKET ACTION REPORT
December 2013
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 December 2013 Selling Price vs List Price of 95.8% wasdown from 96.4% last month and down from 98.1% in December 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 December 2013 was 19, up 90.0% from 10 lastmonth and up 171.4% from 7 in December of last year.
8/13/2019 Pacific Grove Homes Market Action Report Real Estate Sales for December 2013
http://slidepdf.com/reader/full/pacific-grove-homes-market-action-report-real-estate-sales-for-december-2013 4/4
MARKET ACTION REPORT
December 2013
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 1/1/2011 through 12/31/2013. 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.
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 J A S O N D
Homes Sold 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 17 15 14 18 15 123 Mo. Roll Avg 12 12 11 13 14 17 14 14 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
(000's) 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 J A S O N D
MedianSalePrice 518 530 712 563 552 547 518 560 550 500 478 427 542 557 500 520 612 600 486 546 490 605 623 722 599 650 607 655 603 660 730 725 687 701 600 6533 Mo. Roll Avg 587 602 609 554 539 542 543 537 509 468 482 508 533 526 544 577 566 544 508 547 573 650 648 657 619 637 622 639 664 705 714 704 663 651
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 J A S O N D
Inventory 90 84 85 94 99 103 104 101 104 106 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 38MSI 9 7 7 8 12 5 7 5 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
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 J A S O N D
Days On Market 177 113 126 93 92 94 156 208 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 62 993 Mo. Roll Avg 139 111 104 93 114 153 142 122 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
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 J A S O N D
Price per Sq Ft 380 371 540 453 398 441 386 386 420 439 359 367 396 401 385 400 385 432 451 391 422 454 408 458 451 539 410 529 603 447 482 518 477 527 490 5183 Mo. Roll Avg 430 455 464 431 408 404 397 415 406 388 374 388 394 395 390 406 423 425 421 422 428 440 439 483 467 493 514 526 511 482 492 507 498 512
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 J A S O N D
Sale to List Price 0.960 0.957 0.973 0.946 0.958 0.935 0.947 0.959 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
3 Mo. Roll Avg 0.963 0.959 0.959 0.946 0.947 0.947 0.948 0.950 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
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 J A S O N D
New Listings 23 19 19 21 28 26 26 21 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 19Inventory 90 84 85 94 99 103 104 101 104 106 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 38Sales 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 17 15 14 18 15 12
(000's) 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 J A S O N D
Avg Sale Price 513 593 860 654 595 630 613 549 581 496 557 528 601 613 526 566 688 623 558 649 581 613 654 651 623 835 663 750 697 686 750 711 705 907 737 7963 Mo. Roll Avg 656 702 703 626 613 597 581 542 544 527 562 581 580 568 593 626 623 610 596 614 616 639 643 703 707 749 703 711 711 716 722 774 783 814
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