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Pacific Grove Real Estate sales market action report for June 2015, prepared by Nicole Truszkowski CIPS, CLHMS, TRC, phone: 831-238-7449, email: [email protected], website: www.estatesofcarmel.com
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MARKET ACTION REPORT
June 2015
City: Pacific GroveNicole TruszkowskiSales Associate(831) 238-7449(831) [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 7/1/2012 through 6/30/2015. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS'smay 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 $948,500 Average List Price of all Current Listings $1,177,653 June Median Sales Price $670,000 $775,000June Average Sales Price $841,814 $873,154Total Properties Currently for Sale (Inventory) 45 June Number of Properties Sold 22 90June Average Days on Market (Solds) 30 51Asking Price per Square Foot (based on New Listings) $615 $613June Sold Price per Square Foot $586 $616June Month's Supply of Inventory 2.0 2.9June Sale Price vs List Price Ratio 98.4% 97.4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales June Property sales were 22, up 29.4% from 17 in June of 2014 and equal to 0.0% 22 sales last month. June 2015 sales were at their highest level compared toJune of 2014 and 2013. June YTD sales of 90 are running equal to last year's year-to-date sales of 90.
Prices The Median Sales Price in June was $670,000, down -8.2% from $730,000 in June of 2014 and down -18.5% from $822,500 last month. The Average SalesPrice in June was $841,814, down -31.8% from $1,234,294 in June of 2014 and down -7.3% from $908,550 last month. June 2015 ASP was at a mid rangecompared to June of 2014 and 2013.
MARKET ACTION REPORT
June 2015
City: Pacific GroveNicole TruszkowskiSales Associate(831) 238-7449(831) [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 7/1/2012 through 6/30/2015. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS'smay not reflect all real estate activity in the market.
Inventory & MSI The Total Inventory of Properties available for sale as of June was 45, up 50.0% from 30 last month and down -2.2% from 46 in June of last year. June 2015Inventory was at the lowest level compared to June of 2014 and 2013. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2015 MSI of 2.0 months was at its lowest levelcompared with June of 2014 and 2013.
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 June was 30, down -6.3% from 32 dayslast month and down -61.0% from 77 days in June of last year. The June 2015 DOM was at its lowest level compared with June of 2014 and 2013.
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 impactedby 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 June 2015 Selling Price per Square Foot of $586 was down -5.6% from $621 last month and down -10.7% from $656 in June of last year.
MARKET ACTION REPORT
June 2015
City: Pacific GroveNicole TruszkowskiSales Associate(831) 238-7449(831) [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 7/1/2012 through 6/30/2015. Due to MLS reporting methods and allowable reporting policy, this data is onlyinformational and may not be completely accurate. Therefore, Sotheby's Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS'smay not reflect all real estate activity in the market.
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 June 2015 Selling Price vs List Price of 98.4% was downfrom 98.8% last month and up from 94.8% in June 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 June 2015 was 32, up 45.5% from 22 last month andup 100.0% from 16 in June of last year.
MARKET ACTION REPORT
June 2015
City: Pacific GroveNicole TruszkowskiSales Associate(831) 238-7449(831) [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 7/1/2012 through 6/30/2015. 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 12 A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M J
Homes Sold 18 14 22 22 22 11 11 9 22 21 14 16 17 15 14 18 15 12 15 6 16 19 17 17 13 14 11 19 14 14 9 9 17 11 22 223 Mo. Roll Avg 18 19 22 18 15 10 14 17 19 17 16 16 15 16 16 15 14 11 12 14 17 18 16 15 13 15 15 16 12 11 12 12 17 18
(000's) J 12 A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M JMedianSalePrice 486 546 490 605 623 722 599 650 607 655 603 660 730 725 687 701 600 653 745 728 600 655 680 730 714 648 625 689 840 697 681 915 815 728 823 6703 Mo. Roll Avg 508 547 573 650 648 657 619 637 622 639 664 705 714 704 663 651 666 708 691 661 645 688 708 697 662 654 718 742 739 764 804 819 788 740
J 12 A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M JInventory 74 69 66 65 62 47 43 43 45 45 47 59 62 62 53 44 35 38 45 44 42 45 47 46 45 47 48 47 44 40 45 37 32 35 30 45MSI 4 5 3 3 3 4 4 5 2 2 3 4 4 4 4 2 2 3 3 7 3 2 3 3 3 3 4 2 3 3 5 4 2 3 1 2
J 12 A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M JDays On Market 62 82 33 44 75 42 61 82 70 98 47 36 26 75 125 93 62 99 71 76 55 53 68 77 41 79 74 38 56 78 71 57 59 96 32 303 Mo. Roll Avg 59 53 51 54 59 62 71 83 72 60 36 46 75 98 93 85 77 82 67 61 59 66 62 66 65 64 56 57 68 69 62 71 62 53
J 12 A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M JPrice per Sq Ft 451 391 422 454 408 458 451 539 410 529 603 447 482 518 477 527 490 518 554 477 484 587 454 656 592 532 484 530 621 602 711 700 632 495 621 5863 Mo. Roll Avg 421 422 428 440 439 483 467 493 514 526 511 482 492 507 498 512 521 516 505 516 508 566 567 593 536 515 545 584 645 671 681 609 583 567
J 12 A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M JSale to List Price 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 0.948 0.972 0.976 0.974 0.964 0.964 0.961 0.969 0.985 0.972 0.969 0.988 0.984
3 Mo. Roll Avg 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 0.964 0.963 0.965 0.974 0.971 0.967 0.963 0.965 0.972 0.975 0.975 0.976 0.980
J 12 A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M J
New Listings 32 24 21 21 13 7 21 15 26 22 18 25 21 18 15 11 10 19 18 17 21 26 15 16 19 22 19 15 13 10 17 15 15 28 22 32Inventory 74 69 66 65 62 47 43 43 45 45 47 59 62 62 53 44 35 38 45 44 42 45 47 46 45 47 48 47 44 40 45 37 32 35 30 45Sales 18 14 22 22 22 11 11 9 22 21 14 16 17 15 14 18 15 12 15 6 16 19 17 17 13 14 11 19 14 14 9 9 17 11 22 22
(000's) J 12 A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O N D J 15 F M A M JAvg Sale Price 558 649 581 613 654 651 623 835 663 750 697 686 750 711 705 907 737 796 824 667 665 733 804 1,234 893 940 840 788 895 850 884 841 957 754 909 8423 Mo. Roll Avg 596 614 616 639 643 703 707 749 703 711 711 716 722 774 783 814 786 762 719 688 734 924 977 1,022 891 856 841 844 876 858 894 850 873 835
