MARKET ACTION REPORT

August 2013
Nicole Truszkowski
Broker Associate (831) 238-7449 www.estatesofcarmel.com Trending versus*: Trending versus*:
LY

City: Pebble Beach

Price Range: All | Properties: SFH - Condo - TwnHm

Market Profile & Trends Overview

Median List Price of all Current Listings Average List Price of all Current Listings August Median Sales Price August Average Sales Price Total Properties Currently for Sale (Inventory) August Number of Properties Sold August Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) August Sold Price per Square Foot August Month's Supply of Inventory August Sale Price vs List Price Ratio

Month
$2,397,000 $4,032,877 $945,000 $2,361,000 86 10 113 $773 $584 8.6 96.6%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$1,005,000 $1,712,015 83 102 $711 $515 8.8 92.7%

Number of Properties Sold
3 Mo Avg

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2012) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Property Sales
August Property sales were 10, up 25.0% from 8 in August of 2012 and 28.6% lower than the 14 sales last month. August 2013 sales were at their highest level compared to August of 2012 and 2011. August YTD sales of 83 are running 5.7% behind last year's year-to-date sales of 88.

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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 10 11 12 13

Prices
The Median Sales Price in August was $945,000, down 39.4% from $1,560,150 in August of 2012 and down 23.6% from $1,237,500 last month. The Average Sales Price in August was $2,361,000, down 16.1% from $2,813,562 in August of 2012 and up 52.1% from $1,551,875 last month. August 2013 ASP was at a mid range compared to August of 2012 and 2011.

(000's)

4,600 4,100 3,600 3,100 2,600 2,100 1,600 1,100 600

Inventory & MSI

The Total Inventory of Properties available for sale as of August was 86, down 1.1% from 87 last month and down 13.1% from 99 in August of last year. August 2013 Inventory was at its lowest level compared with August of 2012 and 2011. 140 120 100 80 60 A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2013 MSI of 8.6 months was at its lowest level compared with August of 2012 and 2011. 40 20 0

128 123 117 106 114 114 116 117 119 123 117 132 126 123 114 96 92 94 91 83 96 91 96 99 91 80

70 61 71 69 66 77 80 89 87 86

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International 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 consumers real estate transaction.

6 7 3 1 10 4 10 9 5 5 7 9 12 6 5 14 10 10 16 9 13 8 14 8 10 11 12 7 12 7 18 5 10 7 14 10

Median Sales Price and Average Sales Price

Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg

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 10 11 12 13

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

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

120 100 80 60 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 10 11 12 13

MARKET ACTION REPORT

August 2013
Nicole Truszkowski
Broker Associate (831) 238-7449 www.estatesofcarmel.com Days On Market for Sold Properties

City: Pebble Beach

Price Range: All | Properties: SFH - Condo - TwnHm

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 a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for August was 113, up 222.9% from 35 days last month and up 68.7% from 67 days in August of last year. The August 2013 DOM was at a mid level compared with August of 2012 and 2011.

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

3 Mo Avg

158 113 67

Selling Price per Square Foot

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 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 August 2013 Selling Price per Square Foot of $584 was up 11.3% from $525 last month and down 3.1% from 603 in August of last year.

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

3 Mo Avg

603 501

584

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg

Selling Price vs Original Listing Price

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 August 2013 Selling Price vs Original List Price of 96.6% was down from 97.8% last month and up from 93.1% in August of last year.
94.4% 93.1%

96.6%

Inventory / New Listings / Sales

Inventory / New Listings / Sales

140

Inventory

New Listings

Sales

This last view of the market combines monthly 120 inventory of Properties for sale along with New Listings 100 and Sales. The graph shows the basic annual 80 seasonality of the market as well as the relationship between these items. The number of New Listings in 60 August 2013 was 14, down 22.2% from 18 last month 40 and down 17.6% from 17 in August of last year. 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 10 11 12 13

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys International 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 consumers real estate transaction.

128 123 117 106 114 114 116 117 119 123 117 132 126 123 114 96 92 94 91 83 96 91 96 99 91 80 70 61 71 69 66 77 80 89 87 86

Inventory / Listings / Sales

August 2013
Nicole Truszkowski Broker Associate (831) 238-7449 www.estatesofcarmel.com

City: Pebble Beach

Price Range: All | Properties: SFH - Condo - TwnHm

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 2013 was 14, down 22.2% from 18 last month and down 17.6% from 17 in August of last year. 140
128 132

Inventory
123 123 126 123

New Listings

Sales

120 100 80 60 40

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117

119

114

114

116

117

106

114

96

96

92

94

91

96

99 91

91

89

87 J

83

80

70

71

69

31

36

61

24

16 18 22

10 15 4 15 10 12 9 18 5 20 5 14 7

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17 7 13 3 9 1 14 6

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66

77

80

9 13 12 16 6 9 5 3 14 18 10

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10 15 16 10 9

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0
S 10 O N D J 11 F M A M J 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 A

Copyright Sothebys International Realty | Price Range: All | Property Types: SFH - Condo - TwnHm
Data is provided courtesy of MLS Listings Inc. and may not reflect all relevant real estate activity. Sothebys 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 consumers real estate transaction.

18 14 14 10

13

15 14 17

12

10

86