Q3 MARKET REPORT 2018 SAN FRANCISCO • EAST BAY • PENINSULA • SOUTH BAY
SAN FRANCISCO • EAST BAY • PENINSULA • SOUTH BAY
IT’S MORE THAN A HOME IT’S YOUR LIFE. EMBARCADERO | 6:48 PM
SAN FRANCISCO MARKET OVERVIEW YEAR OVER YEAR HOME PRICES ARE INCREASING. SINGLE-FAMILY HOMES AND CONDOS CONTINUE TO PERFORM WELL.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
15.2%
$1,800,000
2017 $1.4m
SINGLE-FAMILY HOMES
$1,600,000
CONDOS & LOFTS
$1,400,000
CONDOS & LOFTS
$1,200,000
4.3%
$1,000,000
2017
2018
DAYS ON MARKET UNTIL SALE 60
CONDOS & LOFTS
50 40 30
SINGLE-FAMILY HOMES 20
2017
2018
SINGLE-FAMILY HOMES
29.5
24.0
DAYS
DAYS
2017
2018 $1.6m
-18.6%
2018
CONDOS & LOFTS
54.7 50.2 -8.1%
DAYS 2017
DAYS 2018
2018 $1.2m 2017 $1.2m
SAN FRANCISCO MARKET OVERVIEW
PRICE PER SQ. FT. $1,200
SINGLE-FAMILY HOMES
8.6%
CONDOS & LOFTS
$1,000
2017 $909/ft 2
SINGLE-FAMILY HOMES
CONDOS & LOFTS
$800 $600
6.6%
$400
2017
2018
SOLD LISTINGS 800 700
CONDOS & LOFTS
600
SINGLE-FAMILY HOMES
500 400
2017
2018
SINGLE-FAMILY HOMES
599
2018 $987/ft 2
526
CONDOS & LOFTS
572
634 10.8%
-12.2
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 $1,133/ft 2 2017 $1,063/ft 2
SAN FRANCISCO MARKET OVERVIEW
% LIST PRICE RECEIVED 120%
SINGLE-FAMILY HOMES
115% 110%
CONDOS & LOFTS
SINGLE-FAMILY HOMES
-0.5%
1.3%
100%
2018
MONTHS SUPPLY CONDOS & LOFTS SINGLE-FAMILY HOMES
2.5 2.0 1.5 1.0 0.5
2017
2018
SINGLE-FAMILY HOMES
2.4
2.5 5.9%
CONDOS & LOFTS
3.1
2.6
-13.7%
MONTHS
MONTHS
MONTHS
2017
2018
2017
2017 116.3%
CONDOS & LOFTS
105%
2017
2018 115.8%
MONTHS 2018
2018 106.8% 2017 105.5%
IT’S MORE THAN A HOME IT’S YOUR LIFE. LAKE MERRITT | 9:42PM
EAST BAY MARKET OVERVIEW
ALAMEDA COUNTY
(ALAMEDA, ALBANY, BERKELEY, CASTRO VALLEY, EMERYVILLE, FREMONT, HAYWARD, LIVERMORE, NEWARK, OAKLAND, PLEASANTON, SAN LEANDRO, SAN LORENZO, UNION CITY)
AS BUYERS FROM SAN FRANCISCO LOOK ACROSS THE BAY, ALAMEDA COUNTY CITIES EXPERIENCED PRICE GAINS AND OVER ALL SALES ACTIVITY MODESTLY INCREASED.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
5.8%
$1,000,000
SINGLE-FAMILY HOMES
$900,000
$700,000
11.7%
CONDOS & LOFTS
$600,000
2017
2018
DAYS ON MARKET UNTIL SALE 25
CONDOS & LOFTS
20
SINGLE-FAMILY HOMES
15 10 5
2017
2018
SINGLE-FAMILY HOMES
DAYS 2017
2017 $850k
CONDOS & LOFTS
$800,000
22
2018 $900k
CONDOS & LOFTS
21
20
DAYS
DAYS
-4.5%
2018
2017
24 20%
DAYS 2018
2018 $654k 2017 $585k
EAST BAY MARKET OVERVIEW
% LIST PRICE RECEIVED
(ALAMEDA, ALBANY, BERKELEY, CASTRO VALLEY, EMERYVILLE, FREMONT, HAYWARD, LIVERMORE, NEWARK, OAKLAND, PLEASANTON, SAN LEANDRO, SAN LORENZO, UNION CITY)
SINGLE-FAMILY HOMES
-0.5%
120% 115% 110%
SINGLE-FAMILY HOMES
105%
0.7%
CONDOS & LOFTS
2017
2018
SOLD LISTINGS 1,000 800
SINGLE-FAMILY HOMES
600 400
CONDOS & LOFTS 200
2017
2018
SINGLE-FAMILY HOMES
730
CONDOS & LOFTS
302
-14.7%
2018 105.6% 2017 106.2%
CONDOS & LOFTS
100%
856
ALAMEDA COUNTY
240 -20.5%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 104.3% 2017 103.6%
EAST BAY MARKET OVERVIEW
CONTRA COSTA COUNTY (ALAMO, BLACKHAWK, CLAYTON, CONCORD, DANVILLE, DIABLO, EL CERRITO, LAFAYETTE, MARTINEZ, MORAGA, ORINDA, PLEASANT HILL, SAN RAMON WALNUT CREEK)
IN CONTRA COSTA COUNTY SINGLE-FAMILY HOME PRICES ENDED ON A HIGH NOTE, WHILE CONDOS IN THE AREA SAW SLIGHT PRICE INCREASE.
MEDIAN SALES PRICE $700,000
SINGLE-FAMILY HOMES
7.3%
SINGLE-FAMILY HOMES
$600,000
CONDOS & LOFTS
$500,000
4.9%
$300,000
2018
DAYS ON MARKET UNTIL SALE CONDOS & LOFTS
SINGLE-FAMILY HOMES
25 20 15 10 5
2017
2018
SINGLE-FAMILY HOMES
28
28
DAYS
DAYS
2017
-0.0%
2018
2017 $600k
CONDOS & LOFTS
$400,000
2017
2018 $644k
CONDOS & LOFTS
23 DAYS 2017
26 13%
DAYS 2018
2018 $486k 2017 $463k
EAST BAY MARKET OVERVIEW
% LIST PRICE RECEIVED
CONTRA COSTA COUNTY (ALAMO, BLACKHAWK, CLAYTON, CONCORD, DANVILLE, DIABLO, EL CERRITO, LAFAYETTE, MARTINEZ, MORAGA, ORINDA, PLEASANT HILL, SAN RAMON WALNUT CREEK)
SINGLE-FAMILY HOMES
-1.2%
104% 103%
2017 101.3%
CONDOS & LOFTS
102% 101%
CONDOS & LOFTS
100%
SINGLE-FAMILY HOMES
2017
0.7%
2018
SOLD LISTINGS SINGLE-FAMILY HOMES
1,000 800 600 400 200
CONDOS & LOFTS 2017
2018
SINGLE-FAMILY HOMES
998
2018 100.1%
786
CONDOS & LOFTS
264
-21.2%
215 -18.5%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 101.0% 2017 101.7%
IT’S MORE THAN A HOME IT’S YOUR LIFE. PACIFICA | 6:25 PM
PENINSULA MARKET OVERVIEW
SAN MATEO COUNTY
(Atherton, Belmont, Brisbane, Burlingame, Daly City, East Palo Alto, Foster City, Hillsborough, Half Moon Bay, Millbrae, Menlo Park, Pacifica, Redwood City, San Bruno, San Carlos, San Mateo, South SF, Woodside)
MEDIAN HOME PRICES IN THE PENINSULA FOR BOTH SINGLE-FAMILY HOMES AND CONDOS CONTINUE TO RISE.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
12.0%
SINGLE-FAMILY HOMES
$1,600,000 $1,400,000
$1,000,000
16.7%
CONDOMINIUMS
$800,000
2017
2018
DAYS ON MARKET UNTIL SALE 25
SINGLE-FAMILY HOMES 20 15
CONDOMINIUMS
10 5
2017
2018
SINGLE-FAMILY HOMES
2017
CONDOMINIUMS
23
22
DAYS
DAYS
-8.9%
DAYS
2017 $1.43m
CONDOMINIUMS
$1,200,000
25
2018 $1.60m
2018
2017
15
-31.8%
DAYS 2018
2018 $900k 2017 $771k
PENINSULA MARKET OVERVIEW
% LIST PRICE RECEIVED
(Atherton, Belmont, Brisbane, Burlingame, Daly City, East Palo Alto, Foster City, Hillsborough, Half Moon Bay, Millbrae, Menlo Park, Pacifica, Redwood City, San Bruno, San Carlos, San Mateo, South SF, Woodside)
SINGLE-FAMILY HOMES
1.9%
120% 115%
SINGLE-FAMILY HOMES CONDOMINIUMS
110%
3.8%
100%
2017
2018
SOLD LISTINGS 500 400
SINGLE-FAMILY HOMES
300 200
CONDOMINIUMS
100
2017
2018
SINGLE-FAMILY HOMES
CONDOMINIUMS
308
112
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
-12 .5%
2018 108.9% 2017 107.0%
CONDOMINIUMS
105%
352
SAN MATEO COUNTY
82 -26.8%
2018 109.1% 2017 105.3%
IT’S MORE THAN A HOME IT’S YOUR LIFE. SAN JOSE | 7:05 PM
SOUTH BAY MARKET OVERVIEW
SANTA CLARA COUNTY
(Campbell, Cupertino, Gilroy, Los Altos, Los Gatos, Milpitas, Morgan HIll, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga, Sunnyvale)
SINGLE-FAMILY HOMES AND CONDO SALES PRICES IN SANTA CLARA COUNTY ARE ON A CONTINUED UPWARD TREND.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
6.0%
$1,400,000
SINGLE-FAMILY HOMES
$1,200,000
CONDOMINIUMS
$800,000
19.3%
$600,000
2017
2018
DAYS ON MARKET UNTIL SALE 50 40
SINGLE-FAMILY HOMES
30
CONDOMINIUMS
20 10
2017
2018
SINGLE-FAMILY HOMES
DAYS 2017
2017 $1.17m
CONDOMINIUMS
$1,000,000
21
2018 $1.25m
25 19%
DAYS 2018
CONDOMINIUMS
17 DAYS 2017
20
17.6%
DAYS 2018
2018 $850k 2017 $712k
SOUTH BAY MARKET OVERVIEW
% LIST PRICE RECEIVED
(Campbell, Cupertino, Gilroy, Los Altos, Los Gatos, Milpitas, Morgan HIll, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga, Sunnyvale)
SINGLE-FAMILY HOMES
-3.7%
120% 115%
2018 102.2% 2017 105.9%
CONDOMINIUMS
110% 105%
-3.1%
CONDOMINIUMS SINGLE-FAMILY HOMES
100%
2017
2018
SOLD LISTINGS 1,000 800
SINGLE-FAMILY HOMES 600 400
CONDOMINIUMS 200
2017
2018
SINGLE-FAMILY HOMES
928
SANTA CLARA COUNTY
704
CONDOMINIUMS
361
309 -14.4%
-24.1%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 103.6% 2017 106.7%
BAY AREA LOCATIONS POTRERO HILL
251 Rhode Island Street, Suite #105 San Francisco, CA 94103
MISSION BAY
325 Berry Street, Suite #119 San Francisco, CA 94158
OAKL AND
1814 Franklin Street Oakland, CA 94612
SANTANA ROW 3031 Tisch Way San Jose, CA 95128
CAMPBELL
1901 South Bascom Avenue, Suite #110 Campbell, CA 95008
WALNUT CREEK 1711 Almond Ave Walnut Creek, CA 94596
AIRSTREAM On Location Bay Area, CA
415.431.8888 | info@climbrealestate.com | climbrealestate.com Square footage and other information was received from third party sources. Such information has not been, and will not be, verified by Climb Real Estate Group. Climb disclaims any and all representations or warranties as to the accuracy of this information. If your property is now listed for sale, this is not intended as a solicitation of the listing. An Equal Opportunity Company. Equal Housing Opportunity. DRE #01902137