CLIMB MARKET REPORT Climb Market Report
Q1 2016 PRICES ARE UP IN THE SAN FRANCISCO AREA. Q1 2016 SAW A 16.9% RISE IN SINGLE-FAMILY HOMES TO $1.3M AND A 1.9% RISE IN CONDOS & LOFTS TO $1.1M.
SINGLE-FAMILY CONDO & LOFT
MEDIAN SALES PRICE $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
1-2015
7-2015
1-2016
SINGLE-FAMILY CONDO & LOFT
SINGLE-FAMILY HOMES
CONDOS & LOFTS
+ 16.9%
+ 1.9%
YEAR-OVER-YEAR CHANGE
YEAR-OVER-YEAR CHANGE
Q1 2016
Q1 2015
Q1 2016
Q1 2015
$1.3M
$1.1M
$1.1M
$1.1M
SINGLE-FAMILY HOMES
CONDOS & LOFTS
70
- 2.8%
+ 7.6%
60
YEAR-OVER-YEAR CHANGE
YEAR-OVER-YEAR CHANGE
DAYS ON MARKET UNTIL SALE 90 80
50 40 30 20 1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
1-2015
7-2015
1-2016
Q1 2016
Q1 2015
Q1 2016
Q1 2015
32.3 days
33.2 days
51.1 days
47.5 days
climbsf.com © 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED. All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K.
CLIMB MARKET REPORT Q1 2016 SINGLE-FAMILY HOMES
CONDOS & LOFTS
$900
+ 8.2%
+ 3.3%
$800
YEAR-OVER-YEAR CHANGE
YEAR-OVER-YEAR CHANGE
SINGLE-FAMILY CONDO & LOFT
PRICE PER SQ FT $1,100 $1,000
$700 $600 $500 $400 1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
1-2015
7-2015
1-2016
SINGLE-FAMILY CONDO & LOFT
SOLD LISTINGS 900 800 700 600 500 400 300 1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
PCT. OF LIST PRICE RECEIVED 120.0%
1-2015
7-2015
1-2016
SINGLE-FAMILY CONDO & LOFT
110.0%
100.0%
90.0% 1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
1-2015
7-2015
1-2016
SINGLE-FAMILY CONDO & LOFT
MONTHS SUPPLY 4.0 3.0 2.0 1.0 0.0 1-2012
7-2012
1-2013
7-2013
1-2014
7-2014
1-2015
7-2015
1-2016
Q1 2016
Q1 2015
Q1 2016
Q1 2015
$856 psf
$791 psf
$1,036 psf
$1,003 psf
SINGLE-FAMILY HOMES
CONDOS & LOFTS
- 18.5%
- 6.7%
YEAR-OVER-YEAR CHANGE
YEAR-OVER-YEAR CHANGE
Q1 2016
Q1 2015
Q1 2016
Q1 2015
349
428
472
506
SINGLE-FAMILY HOMES
CONDOS & LOFTS
+ 0.7%
- 2.6%
YEAR-OVER-YEAR CHANGE
YEAR-OVER-YEAR CHANGE
Q1 2016
Q1 2015
Q1 2016
Q1 2015
113.2%
112.4%
105.3%
108.2%
SINGLE-FAMILY HOMES
CONDOS & LOFTS
- 7.1%
+ 22.4%
YEAR-OVER-YEAR CHANGE
YEAR-OVER-YEAR CHANGE
Q1 2016
Q1 2015
Q1 2016
Q1 2015
1.7 mo
1.8 mo
2.0 mo
1.7 mo
climbsf.com © 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED. All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K.
CLIMB MARKET REPORT Q1 2016
Activity by District Key metrics by report quarter for the districts of San Fransisco. 1
Richmond
Northwest (Sea Cliff, Lake, Jordan Pk / Laurel Hts, Outer/Central/Inner Richmond, Lone Mtn)
2
Sunset
Central West (Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights)
3
Lake Merced
Southwest (Pine Lake Park, Lake Shore, Merced Manor, Stonestown, Lakeside, Merced Heights, Ingleside, Ingleside Heights, Oceanview)
4
West Portal / St Francis Wood
Twin Peaks W (Frst Hill & Ext, W Prtl, St Frncs Wd, Blboa Terr, Mt Dv Mnr, Inglsd Terr, Mntry Hts, Wstwd Pk & H'lnds, Shrwd Fst, Mirlma Pk, Dmnd Hts, Mdtwn Terr)
5
Cole Valley, Noe Valley, Castro
Central (Haight Ashbury, Cole Vly / Prnssus Hts, Clrndn Hts, Crna Hts, Twn Pks, Gln Pk, Noe Vly, Eurka Vly / Dlrs Hts, Mssn Dlrs, Duboce Trngl, Bna Vsta / Ashbry Hts)
6
Hayes Valley & Panhandle
Central North (Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley)
7
Marina & Pacific Heights
North (Marina, Cow Hollow, Presidio Heights, Pacific Heights)
8
North Beach & Russian Hill
Northeast (North Waterfront, North Beach, Russian Hill, Telegraph Hill, Nob Hill, Financial Dist / Barbary Coast, Dwntwn, Van Ness / Civic Cntr, Tenderloin)
9
South Beach and SoMa
Central East (Yerba Buena, South Beach, South of Market, Mission Bay, Inner Mission, Potrero Hill, Central Waterfront / Dogpatch, Bernal Heights)
10 Outer Mission & Bayview
Southeast (Outer Mission, Mission Terr, Excelsior, Portola, Bayvw, Silver Terr, Hntrs Pt, Candlestick Pt, Bayvw Hts, Little H'wood, Visitation Vly, Crocker Amazon)
Median Sales Price Single-Family Homes
Q1-2015
Q1-2016
+/–
Days on Market Q1-2015
Q1-2016
+/–
Price Per Sq Ft Q1-2015
Q1-2016
+/–
Sold Listings Q1-2015 Q1-2016
+/–
% of List Price Received Q1-2015
Q1-2016
+/–
1 Richmond
$1.72M
$1.90M
+10.3%
22
35
+57.6%
$830
$858
+3.4%
34
29
-14.7%
111.7%
109.0%
-2.4%
2 Sunset
$1.08M
$1.16M
+7.7%
28
32
+14.5%
$711
$808
+13.6%
68
62
-8.8%
114.0%
119.6%
+4.9%
3 Lake Merced
$0.85M
$1.08M
+27.2%
40
31
-23.5%
$638
$696
+8.9%
23
34
+47.8%
114.9%
117.0%
+1.8%
4 West Portal / St Francis Wood
$1.25M
$1.49M
+19.0%
45
25
-45.4%
$732
$830
+13.5%
53
48
-9.4%
113.9%
113.5%
-0.4%
5 Cole Valley, Noe Valley, Castro
$2.10M
$2.28M
+8.5%
25
30
+19.8%
$1,106
$1,134
+2.6%
65
47
-27.7%
113.6%
114.3%
+0.6%
6 Hayes Valley & Panhandle
$1.51M
$2.83M
+87.7%
51
69
+34.6%
$1,318
$1,184
-10.2%
4
3
-25.0%
100.5%
109.2%
+8.7%
7 Marina & Pacific Heights
$5.20M
$3.65M
-29.8%
25
34
+36.4%
$1,438
$1,597
+11.1%
19
17
-10.5%
108.5%
100.1%
-7.7%
8 North Beach & Russian Hill
$2.10M
$4.00M
+90.5%
27
18
-33.3%
$2,174
$1,127
-48.2%
3
1
-66.7%
112.1%
94.1%
-16.1%
9 South Beach and SoMa
$1.40M
$1.42M
+1.4%
25
27
+5.7%
$912
$991
+8.7%
59
37
-37.3%
114.8%
117.0%
+1.9%
10 Outer Mission & Bayview
$0.72M
$0.81M
+12.9%
43
39
-9.1%
$573
$609
+6.3%
100
71
-29.0%
109.4%
108.2%
-1.1%
Q1-2015
Q1-2016
+/–
Q1-2015
Q1-2016
+/–
Q1-2015
Q1-2016
+/–
+/–
Q1-2015
Q1-2016
+/–
Condos & Lofts
Q1-2015 Q1-2016
1 Richmond
$1.20M
$1.11M
-7.3%
44
46
+6.3%
$820
$873
+6.4%
15
24
+60.0%
111.8%
114.1%
+2.1%
2 Sunset
$0.81M
$1.40M
+73.9%
76
36
-52.6%
$658
$801
+21.7%
9
6
-33.3%
106.0%
110.7%
+4.4%
3 Lake Merced
$0.50M
$0.70M
+41.8%
28
28
+0.1%
$643
$659
+2.5%
7
13
+85.7%
107.6%
106.7%
-0.8%
4 West Portal / St Francis Wood
$0.60M
$0.65M
+8.3%
26
57
+118.0%
$702
$744
+6.0%
9
5
-44.4%
111.1%
102.7%
-7.6%
5 Cole Valley, Noe Valley, Castro
$1.15M
$1.26M
+9.1%
41
50
+22.1%
$1,043
$1,020
-2.2%
74
58
-21.6%
115.2%
107.2%
-6.9%
6 Hayes Valley & Panhandle
$0.97M
$1.20M
+23.8%
45
55
+20.7%
$934
$992
+6.2%
54
48
-11.1%
112.0%
108.5%
-3.1%
7 Marina & Pacific Heights
$1.60M
$1.67M
+3.9%
34
53
+59.2%
$1,146
$1,227
+7.1%
57
39
-31.6%
111.1%
104.5%
-5.9%
8 North Beach & Russian Hill
$1.02M
$0.91M
-10.8%
56
51
-9.5%
$987
$1,086
+10.0%
64
55
-14.1%
106.0%
104.5%
-1.4%
9 South Beach and SoMa
$1.05M
$1.08M
+2.9%
49
52
+5.2%
$1,049
$1,095
+4.4%
208
212
+1.9%
104.3%
103.4%
-0.9%
10 Outer Mission & Bayview
$0.72M
$0.62M
-13.7%
107
56
-47.7%
$589
$588
-0.2%
9
12
+33.3%
106.3%
103.8%
-2.4%
climbsf.com © 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED. All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K.
Climb Real Estate is a recognized leader in the marketing and sales of Bay Area residential real estate. The San Francisco-based independent and locally-owned brokerage is proud to be the leader in the purchase and sale of a diverse array of homes: from $80,000 parking spots to million-dollar mansions, new development studios to luxurious view penthouses, live/work lofts to charming bungalows and single-family homes.
1
With over 11 years of experience in marketing and collective sales in excess of a billion dollars, Climb Real Estate Group offers unparalleled marketing and sales expertise with offices in Potrero Hill, Noe Valley, Mission Bay, and Oakland’s Jack London Square.
3
2 1 POTRERO HILL OUR FLAGSHIP OFFICE IN THE DESIGN CENTER IS MODERN, OPEN AND ACCESSIBLE.
2 NOE VALLEY ONE OF OUR NEWEST LOCATIONS IS IN THE HEART OF 24TH STREET. 3 MISSION BAY LOCATED ON BERRY STREET, THIS NEW-CONCEPT REAL ESTATE OFFICE PROVIDES A RETAIL OUTPOST WITH LOCAL SF-MADE PRODUCTS. 4 JACK LONDON SQUARE OUR NEWEST LOCATION IS THE DESTINATION OF THE EAST BAY.
4
5
5 AIRSTREAM AND OUR INNOVATIVE MOBILE DWR TRAILER ON THE STREETS OF SAN FRANCISCO.
climbsf.com © 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED. All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K.