Pebble Beach Homes Market Action Report Real Estate Sales for September 2011

8/4/2019 Pebble Beach Homes Market Action Report Real Estate Sales for September 2011

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September 2011

Price Range: All | Properties: Single Family - Condo - TwnHm

Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year

Median List Price of all Current Listings

Average List Price of all Current Listings

September Median Sales Price

September Average Sales Price

Total Properties Currently for Sale (Inventory)

September Number of Properties Sold

September Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

September Sold Price per Square Foot

September Month's Supply of Inventory

September Sale Price vs List Price Ratio

Property Sales

September Property sales were 9, up 50.0% from 6 inSeptember of 2010 and the same as the 9 sales last

month. September 2011 sales were at their highest

level compared to September of 2010 and 2009.

September YTD sales of 67 are running 8.2% behind

last year's year-to-date sales of 73.

13.9 17.7

93.7% 89.5%* 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

171 155

$637 $663

$445 $550

$1,191,333 $1,777,588

125

9 67

$1,875,000

$3,512,974

$855,000 $1,120,000

MARKET ACTION REPORT

City: Pebble Beach

Trending versus*: Trending versus*:

Month YTD

1 0

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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 S

3 Mo Avg

Nicole Truszkowski

CIPS, CLHMS, TRC, Broker Associate

[email protected]

831-238-7449

www.EstatesofCarmel.com

Prices

Inventory & MSIThe Total Inventory of Properties available for sale as of

b d f l h d

Median Sales Price and Average Sales Price

The Median Sales Price in September was $855,000,

down 19.1% from $1,057,500 in September of 2010

and down 1.7% from $870,000 last month. The

Average Sales Price in September was $1,191,333, up15.7% from $1,029,983 in September of 2010 and

down 11.7% from $1,348,878 last month. September

2011 ASP was at a mid range compared to September

of 2010 and 2009.

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

2

4 4

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O08

N D J09

F M A M J J A S O N D J10


F M A M J J A S

800

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F M A M J J A S

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

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace120

140

160

(000's)3 Mo Avg



September 2011


Market Time

Selling Price per Square FootThe 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

September 2011 Selling Price per Square Foot of $445

was down 11.2% from $501 last month and down 10.3%

from 496 in September of last year.

MARKET ACTION REPORT

City: Pebble Beach

Days On Market for Sold Properties

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 September was 171, up 8.2% from 158 days last

month and up 1.2% from 169 days in September of last

year. The September 2011 DOM was at a mid levelcompared with September of 2010 and 2009.

Selling Price per Square Foot

90

169 171

0

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F M A M J J A S

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

529496

445

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450

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550

600

650700

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800

850

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 S

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

3 Mo Avg

3 Mo Avg

Nicole Truszkowski


[email protected]

831-238-7449


Selling Price vs Original Listing Price

Inventory / New Listings / Sales

Selling Price versus Listing Price Ratio

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 September 2011 Selling Price vs Original List Price

of 93.7% was down from 94.4% last month and up from

88.2% in September of last year.


400O08

N D J09



F M A M J J A S

90.5%

88.2%

93.7%

80%

85%

90%

95%

100%

105%

O08

N D J09



F M A M J J A S

Avg Selling Price divided by Avg Listing Price for sold properties during the month

160 Inventory New Listings Sales

3 Mo Avg



September 2011


Inventory / Listings / Sales

City: Pebble Beach


This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in September 2011 was 13,

down 63.9% from 36 last month and down 7.1% from 14 in September of last year.

2

6 1 3 1

1 3 2

2 6

1 3 6

1 2 9

1 2 9

2 8

1

3 1

5120

140

160 Inventory New Listings Sales

Nicole Truszkowski


[email protected]

831-238-7449


Copyright © Sotheby’s International Realty | Price Range: All | Property Types: Single Family - Condo - TwnHmData 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

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.

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Documents

Pebble Beach Homes Market Action Report Real Estate Sales for September 2011