November 2011 Price Range: All | Properties: Single Family - Condo - TwnHm Market Profile & Trends Overview LM L3M PYM LY Pr ior YTD Pri or Ye ar Median List Price of all Current Listings Average List Price of all Current Listings November Median Sales Price November Average Sales Price Total Properties Currently for Sale (Inventory) November Number of Properties Sold November Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) November Sold Price per Square Foot November Month's Supply of Inventory November Sale Price vs List Price Ratio Property Sales November Property sales were 12, up 20.0% from 10 in November of 2010 and 20.0% lower than the 15 sales last month. November 2011 sales were at a mid level compared to November of 2010 and 2009. November YTD sales of 142 are running 13.6% ahead of last year's year-to-date sales of 125. 7.4 8.0 93.3% 94.9% * LM=Last Month / L3M=Last 3 Months / PYM=Sa me Month Prior Year / LY=Last Year (2010) / YTD = Year-to-date | Arrows indicate if Month / YTD values are highe r (up), lower (down) or unchanged (flat) Number of Properties Sold 73 122 $465 $498 $359 $417 $556,792 $604,057 89 12 142 $740,000 $1,214,669 $477,500 $533,500 MARKET ACTION REPORT City: Pacific Grove Trending versus*: Trending versus*: Month YTD 9 7 3 1 2 8 6 1 0 1 4 1 0 1 5 1 9 1 4 1 0 1 0 8 6 1 8 1 6 1 7 1 1 9 1 1 9 1 0 1 2 1 0 1 2 1 3 1 2 8 1 9 1 4 1 9 8 1 5 1 2 0 2 4 6 8 10 12 14 16 18 20 D J FMAMJ J ASOND J FMAMJ J ASON D J FMAMJ J ASON 3 Mo Avg Nicole Truszkowski CIPS, CLHMS, TRC, Broker Associate [email protected] 831-238-7449 www.EstatesofCarmel.com Prices Inventory & MSI The Total Inventory of Properties available for sale as of November was 89, down 14.4% from 104 last month and down 12.7% from 102 in November of last year. November 2011 Inventory was at a mid level compared with November of 2010 and 2009. Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sotheby’s Interna tional 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 Median Sales Price and Average Sales Price The Median Sales Price in November was $477,500, down 19.8% from $595,338 in November of 2010 and down 4.5% from $500,000 last month. The Average Sales Price in November was $556,792, down 11.7% from $630,668 in November of 2010 and up 12.3% from $495,948 last month. November 2011 ASP was at the lowest level compared to November of 2010 and 2009. Total Inventory & Month's Supply of Inventory (MSI) A comparatively lower MSI is more beneficial for sellers while a higher MSI is better fo r buyers. The November 2011 MSI of 7.4 months was at a mid level compared with November of 2010 and 2009. Copyright © Sotheby’s Interna tional Rea lty | Price Rang e: All | Property Types: Single Family - Condo - TwnHm 3 6 6 0 2 4 D 08 J 09 FM AMJ J ASON DJ 10 FMAMJ J ASONDJ 11 FMA MJ J ASON 400 500 600 700 800 900 1,000 D 08 J 09 FMAMJ J ASO NDJ 10 FMAMJ J ASO NDJ 11 FMAMJJ ASON 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 Pace 9 3 8 1 9 0 9 0 9 2 9 6 8 6 9 6 8 9 8 6 8 4 7 2 6 6 7 6 9 4 8 7 8 9 9 5 1 1 0 1 1 2 1 1 4 1 0 9 1 0 8 1 0 2 9 6 9 0 8 4 8 5 9 4 9 9 1 0 3 1 0 3 1 0 0 1 0 3 1 0 4 8 9 0 5 10 15 20 25 30 35 0 20 40 60 80 100 120 D 08 J 09 FMAMJJ ASO NDJ 10 FM AMJ J ASO NDJ 11 FMAMJJ ASO N (000's) 3 Mo Avg