8/12/2019 Pacific Grove Homes Market Action Report Real Estate Sales for May 2014

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MARKET ACTION REPORT 

May 2014

City: Pacific GroveNicole Truszkowski

Sales Associate

(831) 238-7449

(831) 624-2457

Nicole.Truszkowski@sothebyshomes.com

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 $849,500

 Average List Price of all Current Listings $1,200,425

May Median Sales Price $680,000 $675,000

May Average Sales Price $804,338 $748,069

Total Properties Currently for Sale (Inventory) 42

May Number of Properties Sold 17 73

May Average Days on Market (Solds) 68 63

 Asking Price per Square Foot (based on New Listings) $518 $575

May Sold Price per Square Foot $454 $518

May Month's Supply of Inventory 2.5 3.5

May Sale Price vs List Price Ratio 96.8% 96.6%

 

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales May Property sales were 17, up 21.4% from 14 in May of 2013 and -10.5% lower than the 19 sales last month. May 2014 sales were at a mid level comparedto May of 2013 and 2012. May YTD sales of 73 are running -5.2% behind last year's year-to-date sales of 77.

Prices

8/12/2019 Pacific Grove Homes Market Action Report Real Estate Sales for May 2014

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MARKET ACTION REPORT 

May 2014

City: Pacific GroveNicole Truszkowski

Sales Associate

(831) 238-7449

(831) 624-2457

Nicole.Truszkowski@sothebyshomes.com

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 May was 42, down -4.5% from 44 last month and down -10.6% from 47 in May of last year. May2014 Inventory was at the lowest level compared to May of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The May 2014 MSI of 2.5 months was at its lowest levelcompared with May of 2013 and 2012.

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 May was 68, up 28.3% from 53 days lastmonth and up 44.7% from 47 days in May of last year. The May 2014 DOM was at a mid range compared with May of 2013 and 2012.

8/12/2019 Pacific Grove Homes Market Action Report Real Estate Sales for May 2014

http://slidepdf.com/reader/full/pacific-grove-homes-market-action-report-real-estate-sales-for-may-2014 3/4

MARKET ACTION REPORT 

May 2014

City: Pacific GroveNicole Truszkowski

Sales Associate

(831) 238-7449

(831) 624-2457

Nicole.Truszkowski@sothebyshomes.com

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 May 2014 Selling Price vs List Price of 96.8% was downfrom 97.6% last month and down from 98.1% in May 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 May 2014 was 15, down -42.3% from 26 last monthand down -16.7% from 18 in May of last year.

8/12/2019 Pacific Grove Homes Market Action Report Real Estate Sales for May 2014

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MARKET ACTION REPORT 

May 2014

City: Pacific GroveNicole Truszkowski

Sales Associate

(831) 238-7449

(831) 624-2457

Nicole.Truszkowski@sothebyshomes.com

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 6/1/2011 through 5/31/2014. 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 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 J 14 F M A M

Homes Sold   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 15 6 16 19 173 Mo. Roll Avg   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 14 11 12 14 17

 (000's) J 11 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 J 14 F M A M

MedianSalePrice   547 518 560 550 500 478 427 542 557 500 520 612 600 486 546 490 605 623 722 599 650 607 655 603 660 730 725 687 701 600 653 745 728 600 655 6803 Mo. Roll Avg   542 543 537 509 468 482 508 533 526 544 577 566 544 508 547 573 650 648 657 619 637 622 639 664 705 714 704 663 651 666 708 691 661 645

 J 11 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 J 14 F M A M

Inventory   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 38 45 44 42 44 42MSI   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 3 7 3 2 2

 J 11 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 J 14 F M A M

Days On Market   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 99 71 76 55 53 683 Mo. Roll Avg   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 77 82 67 61 59

 J 11 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 J 14 F M A M

Price per Sq Ft   441 386 386 420 439 359 367 396 401 385 400 385 432 451 391 422 454 408 458 451 539 410 529 603 447 482 518 477 527 490 518 554 477 484 587 4543 Mo. Roll Avg   404 397 415 406 388 374 388 394 395 390 406 423 425 421 422 428 440 439 483 467 493 514 526 511 482 492 507 498 512 521 516 505 516 508

 J 11 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 J 14 F M A M

Sale to List Price   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 0.968 0.999 0.967 0.976 0.968

3 Mo. Roll Avg   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 0.963 0.975 0.978 0.981 0.970

 J 11 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 J 14 F M A M

New Listings   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 19 18 17 21 26 15Inventory   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 38 45 44 42 44 42Sales   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 15 6 16 19 17

 (000's) J 11 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 J 14 F M A M

Avg Sale Price   630 613 549 581 496 557 528 601 613 526 566 688 623 558 649 581 613 654 651 623 835 663 750 697 686 750 711 705 907 737 796 824 667 665 733 8043 Mo. Roll Avg   597 581 542 544 527 562 581 580 568 593 626 623 610 596 614 616 639 643 703 707 749 703 711 711 716 722 774 783 814 786 762 719 688 734