MARKET ACTION REPORT August 2010

Nicole Truszkowski
City: Pacific Grove CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: All | Properties: Single Family 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 $749,000 0% -13%
Average List Price of all Current Listings $952,405 2% -2%
August Median Sales Price $639,500 -0% 1% -2% 5% $635,000 7% 4%
August Average Sales Price $727,167 5% -2% 12% 0% $720,291 2% -1%
Total Properties Currently for Sale (Inventory) 98 0% 20%
August Number of Properties Sold 9 -10% -10% 92 46%
August Average Days on Market (Solds) 56 124% -34% -39% -46% 78 -34% -25%
Asking Price per Square Foot (based on New Listings) $504 -9% -5% 3% -9% $521 -7% -6%
August Sold Price per Square Foot $412 -10% -9% -22% -21% $463 -11% -11%
August Month's Supply of Inventory 10.9 11% 23% 33% 7% 8.2 -35% -19%
August Sale Price vs List Price Ratio 95.0% .7% 3.4% -1.7% -.1% 93.4% -1.2% -1.8%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / 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
August Property sales were 9, down 10.0% from 10

18
16

17

17
16
in August of 2009 and 10.0% lower than the 10 sales 14

15
14

14
last month. August 2010 sales were at their lowest 12

12
level compared to August of 2009 and 2008. 10
11

11

10

10

10
August YTD sales of 92 are running 46.0% ahead of 8
9
9

9
8

8
6
7

7
7
last year's year-to-date sales of 63.
6
6
6
6

6
4
5

5
2

3
0
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 A M J J A
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
3 Mo Avg
Prices 1,200 Median means Middle (the same # of properties sold above and below the Median)

The Median Sales Price in August was $639,500, 1,100

down 1.7% from $650,500 in August of 2009 and
1,000
down 0.5% from $642,500 last month. The Average
Sales Price in August was $727,167, up 12.3% from 900
$647,648 in August of 2009 and up 5.4% from 800
$690,100 last month. August 2010 ASP was at a 700
mid range compared to August of 2009 and 2008. 600
500
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 A M J J A
07 08 09 10

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

Inventory & MSI 140
MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
30
The Total Inventory of Properties available for sale as of
August was 98, equal to 98 last month and up 19.5% from 120 25
121

82 in August of last year. August 2010 Inventory was at a

114

100
111

111

110

110
109

20
104

mid level compared with August of 2009 and 2008.

101

100

100
98
98
94

93

93

80
91
90

90

90
86

85
83

83

82

15
81
80

80
79

79
77
76

60
71

65
64
59

10
A comparatively lower MSI is more beneficial for sellers 40
while a higher MSI is better for buyers. The August 2010 20 5
MSI of 10.9 months was at its highest level compared
with August of 2009 and 2008. 0 0
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 A M J J A
07 08 09 10

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of Re
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 August 2010
Nicole Truszkowski
City: Pacific Grove CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: All | Properties: Single Family
www.estatesofcarmel.com

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 150
trend a move towards more of a Seller's market. The 92
86
DOM for August was 56, up 124.0% from 25 days last 100
month and down 39.1% from 92 days in August of last 56
year. The August 2010 DOM was at its lowest level 50
compared with August of 2009 and 2008.
0
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 A M J J A
07 08 09 10

Selling Price per Square Foot

3 Mo Avg
Selling Price per Square Foot 850
Average Selling Price per Square Foot for properties that sold during the month

The Selling Price per Square Foot is a great indicator for 800
the direction of Property values. Since Median Sales
750
Price and Average Sales price can be impacted by the
700 642
'mix' of high or low end Properties in the market, the
selling price per square foot is a more normalized 650
indicator on the direction of Property values. The 600
529
August 2010 Selling Price per Square Foot of $412 was 550
down 9.7% from $456 last month and down 22.2% from 500
529 in August of last year. 450 412
400
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 A M J J A
07 08 09 10

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
below 100% the more of a Buyer's market exists, a ratio 98% 96.6%
at or above 100% indicates more of a Seller's market. 95.4% 95.0%
96%
The August 2010 Selling Price vs Original List Price of
95.0% was up from 94.3% last month and down from 94%
96.6% in August of last year.
92%

90%
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 A M J J A
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 140 Inventory New Listings Sales

This last view of the market combines monthly 120

121

inventory of Properties for sale along with New Listings 100

114
111

111

110

110
109
104

and Sales. The graph shows the basic annual

101

100

100
98
98
94

93

93

80
91
90

90

90

seasonality of the market as well as the relationship

86

85
83

83

82

81
80

80
79

79
77
76

between these items. The number of New Listings in 60

71

65
64

August 2010 was 20, down 4.8% from 21 last month and
59

equal to 20 in August of last year. 40

20
0
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 A M J J A
07 08 09 10
Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San
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 August 2010
Nicole Truszkowski
City: Pacific Grove CIPS,CLHMS,TRC
831-238-7449
nicole@estatesofcarmel.com
Price Range: All | Properties: Single Family
www.estatesofcarmel.com

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 August 2010 was 20, down
4.8% from 21 last month and equal to 20 in August of last year.

140 Inventory New Listings Sales

120
121
114
111

111

110

110
109

100
104
101

100

100

98
98
94

93

93
91
90

90

90
86
80

85
83

83

82

81
80

80
79

79
77
76
71

60

65
64
59
40

32
28
27
26

26

26

26
20
24

22

22
21

21
20

20

20

20

20
19

19

19
18

18

17

17
16
16

16

16
15

15

15

15

15
14
14

14
14
13

13

13

12

12
10

11

11

10

10

10
9

9
6

8
7

7
0
S O N D J 08 F M A M J J A S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A
07

Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family
Data is provided courtesy of Bay Area Real Estate Information Services, Contra Costa Assoc. of Realtors, Bay East Assoc. of Realtors, East Bay Regional Data, RE Infolink, Metrolist Services Inc., Tahoe Sierra Board of Realtors, San Francisco Assoc. of
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.