Pebble Beach Homes Market Action Report Real Estate Sales for June 2014

MARKET ACTION REPORT

June 2014

City: Pebble BeachNicole 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 7/1/2011 through 6/30/2014. 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 $2,695,000 Average List Price of all Current Listings $4,535,538 June Median Sales Price $1,150,000 $1,440,000June Average Sales Price $1,142,643 $2,244,671Total Properties Currently for Sale (Inventory) 73 June Number of Properties Sold 7 63June Average Days on Market (Solds) 73 130Asking Price per Square Foot (based on New Listings) $799 $718June Sold Price per Square Foot $428 $616June Month's Supply of Inventory 10.4 7.3June Sale Price vs List Price Ratio 98.4% 91.6%

* 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 7, equal to 7 in June of 2013 and -53.3% lower than the 15 sales last month. June 2014 sales were at their lowest level compared toJune of 2013 and 2012. June YTD sales of 63 are running 6.8% ahead of last year's year-to-date sales of 59.

Prices The Median Sales Price in June was $1,150,000, down -20.7% from $1,450,000 in June of 2013 and down -23.1% from $1,495,000 last month. The AverageSales Price in June was $1,142,643, down -39.2% from $1,879,714 in June of 2013 and down -61.7% from $2,982,093 last month. June 2014 ASP was at thelowest level compared to June of 2013 and 2012.


June 2014





Inventory & MSI The Total Inventory of Properties available for sale as of June was 73, up 7.4% from 68 last month and down -18.9% from 90 in June of last year. June 2014Inventory was at the lowest level compared to June of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2014 MSI of 10.4 months was at its lowest levelcompared with June of 2013 and 2012.

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 73, down -51.3% from 150 dayslast month and down -44.3% from 131 days in June of last year. The June 2014 DOM was at a mid range compared with June of 2013 and 2012.

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 2014 Selling Price per Square Foot of $428 was down -43.6% from $759 last month and down -38.1% from $691 in June of last year.


June 2014





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 2014 Selling Price vs List Price of 98.4% was upfrom 94.9% last month and up from 95.0% 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 2014 was 15, down -11.8% from 17 last monthand down -21.1% from 19 in June of last year.


June 2014




Based on information from MLSListings, Inc for the period 7/1/2011 through 6/30/2014. 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 11 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 A S O N D J 14 F M A M J

Homes Sold 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 12 10 6 7 6 14 10 11 15 73 Mo. Roll Avg 9 9 8 8 10 11 12 12 13 10 12 10 11 10 11 10 10 9 12 10 11 7 10 10 12 11 9 8 6 9 10 12 12 11

(000's) J 11 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 A S O N D J 14 F M A M JMedianSalePrice 1,120 870 978 1,869 700 1,029 1,794 1,317 664 995 1,068 1,398 1,171 1,560 925 925 1,288 840 920 750 1,263 2,500 785 1,450 1,238 945 2,000 1,105 1,028 2,000 1,918 1,354 1,450 1,350 1,495 1,150

3 Mo. Roll Avg 989 1,239 1,182 1,199 1,174 1,380 1,258 992 909 1,154 1,212 1,376 1,219 1,137 1,046 1,018 1,016 837 978 1,504 1,516 1,578 1,158 1,211 1,394 1,350 1,378 1,378 1,649 1,757 1,574 1,385 1,432 1,332


Inventory 117 132 126 123 114 96 92 94 91 83 96 91 96 99 91 80 70 61 71 69 66 78 81 90 88 89 86 89 77 68 70 69 64 64 68 73MSI 17 15 11 21 23 7 9 9 6 9 7 11 7 12 9 7 6 9 6 10 4 16 8 13 6 9 7 9 13 10 12 5 6 6 5 10

J 11 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 A S O N D J 14 F M A M JDays On Market 82 158 148 211 85 154 239 102 198 183 100 41 142 67 126 159 141 136 132 60 91 65 201 131 35 113 86 91 89 165 126 104 160 148 150 733 Mo. Roll Avg 129 172 148 150 159 165 180 161 160 108 94 83 112 117 142 145 136 109 94 72 119 132 122 93 78 97 89 115 127 132 130 137 153 124

J 11 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 A S O N D J 14 F M A M JPrice per Sq Ft 498 501 421 621 400 453 515 604 461 477 439 610 486 603 394 417 508 545 467 417 478 601 458 691 525 584 691 562 531 656 695 638 496 576 759 4283 Mo. Roll Avg 473 514 481 491 456 524 527 514 459 509 512 566 494 471 440 490 507 476 454 499 512 583 558 600 600 612 595 583 627 663 610 570 610 588

J 11 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 A S O N D J 14 F M A M JSale to List Price 0.902 0.944 0.933 0.907 0.926 0.978 0.948 0.943 0.929 0.973 0.946 0.916 0.939 0.931 0.965 0.960 0.936 0.904 0.949 0.940 0.915 0.984 0.974 0.950 0.978 0.966 0.915 0.940 0.966 0.926 0.934 0.939 0.900 0.930 0.949 0.984

3 Mo. Roll Avg 0.926 0.928 0.922 0.937 0.951 0.956 0.940 0.948 0.949 0.945 0.934 0.929 0.945 0.952 0.954 0.933 0.930 0.931 0.935 0.946 0.958 0.969 0.967 0.965 0.953 0.940 0.940 0.944 0.942 0.933 0.924 0.923 0.926 0.954


New Listings 14 36 13 16 9 3 18 24 15 10 25 20 15 17 13 5 9 7 28 19 16 22 21 19 18 14 9 11 10 6 21 12 15 13 17 15Inventory 117 132 126 123 114 96 92 94 91 83 96 91 96 99 91 80 70 61 71 69 66 78 81 90 88 89 86 89 77 68 70 69 64 64 68 73Sales 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 12 10 6 7 6 14 10 11 15 7

(000's) J 11 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 A S O N D J 14 F M A M JAvg Sale Price 1,189 1,349 1,114 3,226 827 1,511 2,560 1,912 1,118 1,458 1,117 2,362 1,513 2,814 1,369 1,066 2,078 1,361 1,237 865 1,522 2,780 2,141 1,880 1,552 2,361 2,582 1,353 1,068 2,310 2,420 2,878 1,639 1,591 2,982 1,143

3 Mo. Roll Avg 1,217 1,896 1,722 1,855 1,633 1,994 1,863 1,496 1,231 1,646 1,664 2,230 1,899 1,749 1,504 1,502 1,559 1,154 1,208 1,722 2,148 2,267 1,858 1,931 2,165 2,099 1,667 1,577 1,932 2,536 2,312 2,036 2,070 1,905

Documents

Pebble Beach Homes Market Action Report Real Estate Sales for June 2014