Pacific Grove Homes Market Action Report Real Estate Sales For Mar 2011

MARKET ACTION REPORT March 2011
Nicole Truszkowski
City: Pacific Grove CIPS, CLHMS, TRC, Broker Associate
831-238-7449
Nicole@EstatesofCarmel.com
Price Range: All | Properties: Single Family - Condo - TwnHm
www.EstatesofCarmel.com
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $600,000
Average List Price of all Current Listings $965,597
March Median Sales Price $712,000 $535,000
March Average Sales Price $860,077 $669,511
Total Properties Currently for Sale (Inventory) 83
March Number of Properties Sold 13 35
March Average Days on Market (Solds) 126 136
Asking Price per Square Foot (based on New Listings) $485 $502
March Sold Price per Square Foot $540 $436
March Month's Supply of Inventory 6.4 7.3
March Sale Price vs List Price Ratio 97.3% 96.9%
* 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 3 Mo Avg

20
Property Sales 18
19
18
March Property sales were 13, up 116.7% from 6 in 16
17
16
16
March of 2010 and 8.3% higher than the 12 sales last 14
15
14
14
month. March 2011 sales were at their highest level 12
13
12
12
12
12
compared to March of 2010 and 2009. March YTD 10
11
11
10
10
10
10
10
10
sales of 35 are running 45.8% ahead of last year's year- 8
9
9
8
8
8
6
7
to-date sales of 24.

6
6
4
2
3
0
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 D J F M
08 09 10 11
Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 1,100
The Median Sales Price in March was $712,000,
1,000
down 2.8% from $732,500 in March of 2010 and up
34.3% from $530,000 last month. The Average Sales 900
Price in March was $860,077, up 7.0% from 800
$803,833 in March of 2010 and up 45.0% from
$593,333 last month. March 2011 ASP was at a mid 700
range compared to March of 2010 and 2009. 600
500
08 09 10 11
Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
160 35
The Total Inventory of Properties available for sale as of
March was 83, up 1.2% from 82 last month and down 140 30
141
134
134
133
131
130
4.6% from 87 in March of last year. March 2011 Inventory 120

124
25
was at its lowest level compared with March of 2010 and
114
112
111
110
109
100
108
101
2009. 20
96
96
95
95
94
93
92
90
90
89
89
80
88
87
86
86
84
83
82
81
15
76
72
60
66
A comparatively lower MSI is more beneficial for sellers 40 10

while a higher MSI is better for buyers. The March 2011 5
20
MSI of 6.4 months was at its lowest level compared with
March of 2010 and 2009. 0 0
08 09 10 11
Copyright © Sotheby’s 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. Sotheby’s 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 consumer’s real estate transaction.
MARKET ACTION REPORT March 2011
Nicole Truszkowski
831-238-7449
Days On Market for Sold Properties

Market Time 250
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many
days the average Property is on the market before it 200
sells. An upward trend in DOM tends to indicate a move
towards more of a Buyer's market, a downward trend a 150 126
111
move towards more of a Seller's market. The DOM for
March was 126, up 11.5% from 113 days last month and 100
up 207.3% from 41 days in March of last year. The 41
March 2011 DOM was at a mid level compared with 50
March of 2010 and 2009.
0
08 09 10 11
Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 800
Average Selling Price per Square Foot for properties that sold during the month
The Selling Price per Square Foot is a great indicator for 750
the direction of Property values. Since Median Sales
700
Price and Average Sales price can be impacted by the
650
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized 600 540
indicator on the direction of Property values. The 550 501
481
March 2011 Selling Price per Square Foot of $540 was 500
up 45.3% from $371 last month and up 12.1% from 481 450
in March of last year. 400
350
08 09 10 11
Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
104%
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the 102%
average amount that Sellers are agreeing to come down
100%
from their original list price. The lower the ratio is
97.3%
below 100% the more of a Buyer's market exists, a ratio 98%
at or above 100% indicates more of a Seller's market.
96% 94.7%
The March 2011 Selling Price vs Original List Price of
97.3% was up from 95.7% last month and up from 94% 93.0%
93.0% in March of last year.
92%
90%
08 09 10 11
Inventory / New Listings / Sales

Inventory / New Listings / Sales 160 Inventory New Listings Sales
This last view of the market combines monthly 140
141
134
134
133
inventory of Properties for sale along with New Listings

131
130
120
124
and Sales. The graph shows the basic annual

114
112
111
110
100
109
108
101
seasonality of the market as well as the relationship

96
96
95
95
94
93
92
90
90
80
89
89
88
87
86
86
84
between these items. The number of New Listings in

83
82
81
76
72
March 2011 was 19, equal to 19 last month and down 60

66
9.5% from 21 in March of last year. 40

20
0
08 09 10 11
Inventory / Listings / Sales March 2011
Nicole Truszkowski
831-238-7449
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 March 2011 was 19, equal to
19 last month and down 9.5% from 21 in March of last year.
160 Inventory New Listings Sales
140
141
134
134
133
131
130
120
124
114
112
111
110
109
108
100
101
96
96
95
95
94
93
92
90
90
89
89
88
87
86
86
80
84
83
82
81
76
72
66
60
40
33
30
28
28
26
26
25
20
24
24
24
23
23
23
22
22
21
21
21
21
19
19
19
18
18
17
17
17
17
17
16
16
16
16
16
16
15
15
14
14
14
14
14
13
12
12
12
12
12
11
11
10
10
10
10
10
10
9
9
8
8
7
7
6
6
0
08 09 10 11

Pacific Grove Homes Market Action Report Real Estate Sales For Mar 2011

Загружено:

Сведения о документе

Оригинальное название

Авторское право

Доступные форматы

Поделиться этим документом

Поделиться или встроить документ

Параметры публикации

Этот документ был вам полезен?

Это неприемлемый материал?

Авторское право:

Доступные форматы

Pacific Grove Homes Market Action Report Real Estate Sales For Mar 2011

Загружено:

Авторское право:

Доступные форматы

MARKET ACTION REPORT March 2011

Number of Properties Sold 3 Mo Avg

to-date sales of 24.

Median Sales Price and Average Sales Price

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

4.6% from 87 in March of last year. March 2011 Inventory 120

A comparatively lower MSI is more beneficial for sellers 40 10

Days On Market for Sold Properties

Selling Price per Square Foot

Selling Price versus Listing Price Ratio

Inventory / New Listings / Sales

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

March 2011 was 19, equal to 19 last month and down 60

9.5% from 21 in March of last year. 40

Inventory / New Listings / Sales

160 Inventory New Listings Sales

Вам также может понравиться