MARKET ACTION REPORT

July 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pebble Beach

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

Trending versus*:

Trending versus*:
LY

Market Profile & Trends Overview

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

Month
$2,345,000 $4,036,678 $1,475,000 $1,594,327 86 13 35 $804 $534 6.6 98.4%

LM

L3M PYM

YTD

Prior YTD

Prior Year

$1,058,000 $1,631,767 72 102 $716 $507 8.9 93.1%

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
July Property sales were 13, down 7.1% from 14 in July of 2012 and 85.7% higher than the 7 sales last month. July 2013 sales were at a mid level compared to July of 2012 and 2011. July YTD sales of 72 are running 10.0% behind last year's year-todate sales of 80.

20 18 16 14 12 10 8 6 4 2 0

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 O N D J F M A M J J 10 11 12 13

Prices
The Median Sales Price in July was $1,475,000, up 26.0% from $1,170,500 in July of 2012 and up 1.7% from $1,450,000 last month. The Average Sales Price in July was $1,594,327, up 5.4% from $1,513,129 in July of 2012 and down 15.2% from $1,879,714 last month. July 2013 ASP was at the highest level compared to July 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 July was 86, down 3.4% from 89 last month and down 10.4% from 96 in July of last year. July 2013 Inventory was at its lowest level compared with July 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 July 2013 MSI of 6.6 months was at its lowest level compared with July of 2012 and 2011. 40 20 0

129 128 123 117 106 114 114 116 117 119 123 117 132 126 123 114 96 92 94 91 83 96 91 96 99 91 80

70 61 71 69 66 77 80 89 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 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 13

Median Sales Price and Average Sales Price

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

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 O N D J F M A M J J 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
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 O N D J F M A M J J 10 11 12 13

MARKET ACTION REPORT

July 2013
Nicole Truszkowski
Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@estatesofcarmel.com

City: Pebble Beach

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

Days On Market for Sold Properties

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 July was 35, down 73.3% from 131 days last month and down 75.4% from 142 days in July of last year. The July 2013 DOM was at its lowest level compared with July of 2012 and 2011.

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

3 Mo Avg

300 250 200 150 100 50 0

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 O N D J F M A M J J 10 11 12 13 82 35 142

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 July 2013 Selling Price per Square Foot of $534 was down 22.8% from $691 last month and up 9.9% from 486 in July of last year.

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

3 Mo Avg

800 750 700 650 600 550 500 450 400 350

534 498 486

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 O N D J F M A M J J 10 11 12 13

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 July 2013 Selling Price vs Original List Price of 98.4% was up from 95.0% last month and up from 93.9% in July of last year.

99% 97% 95% 93% 91% 89% 87% 85% 90.2% 93.9%

98.4%

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 O N D J F M A M J J 10 11 12 13

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 July 2013 was 18, down 5.3% from 19 last month and 40 up 20.0% from 15 in July of last year. 20 0

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 O N D J F M A M J J 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.

129 128 123 117 106 114 114 116 117 119 123 117 132 126 123 114 96 92 94 91 83 96 91 96 99 91 80 70 61 71 69 66 77 80 89 86

Inventory / Listings / Sales

July 2013
Nicole Truszkowski Broker Associate 831-238-7449 www.estatesofcarmel.com
email: nicole@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 July 2013 was 18, down 5.3% from 19 last month and up 20.0% from 15 in July of last year. 140
129 128 132

Inventory
126 123 123 123

New Listings

Sales

120 100 80 60 40

117

117

119

116

117

114

106

114

114

96

96

92

94

91

91

96

99 91

89 80 70 71 69 61
28 16 18 22

83

24

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

20

19

21

20
9 6 14 6 17 7 13 3 9 1

31

36

25

66

77

80

9 13 12 16 6 9 5 3 14 18 10

19

10 15 16 10 9

8 13 10 5 11 9 12 7 7

12

10

0
A 10 S 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 J

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 13

13

15 14 17

86