MARKET ACTION REPORT

November 2012
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pacific Grove

Price Range: All | Properties: Single Family - 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 November Median Sales Price November Average Sales Price Total Properties Currently for Sale (Inventory) November Number of Properties Sold November Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) November Sold Price per Square Foot November Month's Supply of Inventory November Sale Price vs List Price Ratio

Month
$729,000 $1,235,321 $623,000 $653,914 53 22 75 $451 $408 2.4 97.4%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$532,500 $601,867 205 80 $488 $412 3.8 95.5%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / 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)

Property Sales
November Property sales were 22, up 83.3% from 12 in November of 2011 and the same as the 22 sales last month. November 2012 sales were at their highest level compared to November of 2011 and 2010. November YTD sales of 205 are running 44.4% ahead of last year's year-to-date sales of 142.

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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 O N 09 10 11 12

Prices
The Median Sales Price in November was $623,000, up 30.5% from $477,500 in November of 2011 and up 3.1% from $604,500 last month. The Average Sales Price in November was $653,914, up 17.4% from $556,792 in November of 2011 and up 6.7% from $612,818 last month. November 2012 ASP was at the highest level compared to November of 2011 and 2010.

(000's)

900 850 800 750 700 650 600 550 500 450 400

Inventory & MSI

The Total Inventory of Properties available for sale as of November was 53, down 11.7% from 60 last month and down 43.6% from 94 in November of last year. November 2012 Inventory was at its lowest level compared with November of 2011 and 2010.

120 100 80
76 66

110 112 114 109 108 102 96 90 84 85 94 99 103 104 101 104 106 94 93 90 78

94 87 89 95

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72 65 62 60 53

59 55 55 53

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2012 MSI of 2.4 months was at its lowest level compared with November of 2011 and 2010.

Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - 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.

10 10 8 6 18 16 17 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

Median Sales Price and Average Sales Price

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

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 O N 09 10 11 12

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

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

16 14 12 10 8 6 4 2 0

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 O N 09 10 11 12

MARKET ACTION REPORT

November 2012
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pacific Grove

Price Range: All | Properties: Single Family - 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 November was 75, up 70.5% from 44 days last month and up 2.7% from 73 days in November of last year. The November 2012 DOM was at a mid level compared with November of 2011 and 2010.

250 200 150 100 50 0

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

3 Mo Avg

109 73 75

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 O N 09 10 11 12

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 November 2012 Selling Price per Square Foot of $408 was down 10.1% from $454 last month and up 13.5% from 359 in November of last year.

600 550 500

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

3 Mo Avg

445

450
408

400 350

359 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 O N 09 10 11 12

Selling Price versus Listing Price Ratio

100%
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 November 2012 Selling Price vs Original List Price of 97.4% was down from 98.3% last month and up from 93.3% in November of last year.

99% 98% 97% 96% 95% 94% 93% 92% 91% 90% 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 O N 09 10 11 12 93.3% 96.0% 97.4%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

120

Inventory
110 112 114 109 108 102 96 90 84 85 94 99 103 104 101 104 106 94 93 90 78

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 November 2012 was 13, down 38.1% from 21 last month 40 and down 18.8% from 16 in November of last year. 20 0

76

94 87 89 95

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 O N 09 10 11 12

Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - 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.

72 65 62 60 53

66

59 55 55 53

Inventory / Listings / Sales

November 2012
Nicole Truszkowski Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pacific Grove

Price Range: All | Properties: Single Family - 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 November 2012 was 13, down 38.1% from 21 last month and down 18.8% from 16 in November of last year. 120
110 112 114 109 108

Inventory
106

New Listings

Sales

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D J 10 F 09 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 N

Copyright Sothebys International Realty | Price Range: All | Property Types: Single Family - 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.

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