Q1 MARKET REPORT SAN FRANCISCO • EAST BAY • PENINSULA • SOUTH BAY
IT’S MORE THAN A HOME, IT’S YOUR LIFE. BERNAL HEIGHTS | 11:24 AM
SAN FRANCISCO MARKET OVERVIEW SOLD LISTINGS ARE DOING WELL IN YEAR-OVER-YEAR COMPARISONS IN SAN FRANCISCO. SALES WERE UP BY 4.9% FOR SINGLE-FAMILY HOMES AND BY 3.5% FOR CONDOS & LOFTS.
MEDIAN SALES PRICE $1,400,000
SINGLE-FAMILY HOMES
0.6%
SINGLE-FAMILY HOMES
$1,200,000
2016 $1.3M
CONDOS & LOFTS
CONDOS & LOFTS
$1,000,000 $800,000
3.6%
$600,000
2014
2015
2016
2017
DAY ON MARKET UNTIL SALE 60
CONDOS & LOFTS
50 40
SINGLE-FAMILY HOMES
30 20
2014
2015
2016
SINGLE-FAMILY HOMES
32.8 40.2 22.6%
DAYS 2016
2017 $1.3M
DAYS 2017
2017
CONDOS & LOFTS
51.1 58.3 14.1%
DAYS 2016
DAYS 2017
2017 $1.1M 2016 $1.1M
SAN FRANCISCO MARKET OVERVIEW
PRICE PER SQ. FT.
SINGLE-FAMILY HOMES
2.3%
$1,200
CONDOS & LOFTS
$1,000
2017 $858 2016 $877
SINGLE-FAMILY HOMES
CONDOS & LOFTS
$800 $600
0.6%
$400
2014
2015
2016
2017
SOLD LISTINGS 700 600 500
CONDOS & LOFTS
400
SINGLE-FAMILY HOMES
300
2014
2015
2016
SINGLE-FAMILY HOMES
2017
CONDOS & LOFTS
508
491
382
364
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2016
2017
2016
2017
3.5%
4.9%
2017 $1,032 2016 $1,026
SAN FRANCISCO MARKET OVERVIEW
% LIST PRICE RECEIVED
SINGLE-FAMILY HOMES
1.4%
120% 115%
SINGLE-FAMILY HOMES 110% 105%
1.4%
100%
2015
2016
2017
MONTHS SUPPLY 2.0
CONDOS & LOFTS
1.5 1.0
SINGLE-FAMILY HOMES
0.5 0.0
2014
2015
2016
SINGLE-FAMILY HOMES
2.3
1.6
2017
CONDOS & LOFTS
2.7
2.0 23.9%
33.3%
2016 113.0%
CONDOS & LOFTS
CONDOS & LOFTS
2014
2017 111.5%
MONTHS
MONTHS
MONTHS
MONTHS
2016
2017
2016
2017
2017 105.3% 2016 103.8%
IT’S MORE THAN A HOME, IT’S YOUR LIFE. ROCKRIDGE | 1:18 PM
EAST BAY MARKET OVERVIEW
ALAMEDA COUNTY
(ALAMEDA, ALBANY, BERKELEY, CASTRO VALLEY, EMERYVILLE, FREMONT, HAYWARD, LIVERMORE, NEWARK, OAKLAND, PLEASANTON, SAN LEANDRO, SAN LORENZO, UNION CITY)
MORTGAGE RATES REMAIN VERY FAVORABLE AS THE “SPRING HOME BUYING SEASON” KICKS INTO FULL GEAR.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
8.7%
$900,000
SINGLE-FAMILY HOMES
$800,000
2016 $780,000
CONDOS & LOFTS
$700,000 $600,000
11.5%
CONDOS & LOFTS
$500,000
2014
2015
2016
2017
DAY ON MARKET UNTIL SALE 60 50 40 30
SINGLE-FAMILY HOMES 20
CONDOS & LOFTS 2014
2015
2016
SINGLE-FAMILY HOMES
24 DAYS 2016
2017 $831,250
2017
CONDOS & LOFTS
23
21
16
DAYS
DAYS
DAYS
5%
2017
2016
24%
2017
2017 $575,000 2016 $535,000
EAST BAY MARKET OVERVIEW
% LIST PRICE RECEIVED
ALAMEDA COUNTY
(ALAMEDA, ALBANY, BERKELEY, CASTRO VALLEY, EMERYVILLE, FREMONT, HAYWARD, LIVERMORE, NEWARK, OAKLAND, PLEASANTON, SAN LEANDRO, SAN LORENZO, UNION CITY)
SINGLE-FAMILY HOMES
2.1%
120% 115%
SINGLE-FAMILY HOMES 105%
0.1%
CONDOS & LOFTS
2014
2015
2016
2017
SOLD LISTINGS SINGLE-FAMILY HOMES
764
7.2%
2016 105.7%
CONDOS & LOFTS
110%
100%
2017 106.8%
CONDOS & LOFTS
267
2.7%
LISTINGS
LISTINGS
Q117
Q117
2017 104.4% 2016 104.3%
IT’S MORE THAN A HOME, IT’S YOUR LIFE. DANVILLE | 10:41 AM
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 AND CONDO PRICES CONTINUE TO BE ON THE RISE.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
7.1%
$700,,000
SINGLE-FAMILY HOMES $600,000 $500,000 $400,000
6.0%
$300,000
2015
2016
2017
DAY ON MARKET UNTIL SALE 60 50 40 30
SINGLE-FAMILY HOMES CONDOS & LOFTS
20
2014
2015
2016
SINGLE-FAMILY HOMES
2017
CONDOS & LOFTS
28
22
25
26
DAYS
DAYS
DAYS
DAYS
2016
22.0%
2017
2016 $571,000
CONDOS & LOFTS
CONDOS & LOFTS
2014
2017 $600,000
2016
4.9%
2017
2017 $440,000 2016 $428,000
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
0.8%
120% 115%
2017 101.9% 2016 101.1%
CONDOS & LOFTS
110% 105%
0.3%
SINGLE-FAMILY HOMES CONDOS & LOFTS
100%
2014
2015
2016
2017
SOLD LISTINGS SINGLE-FAMILY HOMES
847
8.2%
CONDOS & LOFTS
240
37.1%
LISTINGS
LISTINGS
Q117
Q117
2017 101.4% 2016 101.1%
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)
AVERAGE MEDAN HOME PRICES ON THE PENINSULA FOR BOTH SINGLE-FAMILY HOMES AND CONDOS CONTINUE TO GO UP.
MEDIAN SALES PRICE $1.400,000
SINGLE-FAMILY HOMES
12.9%
SINGLE-FAMILY HOMES
$1,200,000 $1,000,000 $800,000
13.9%
$600,000
2015
2016
2017
DAY ON MARKET UNTIL SALE 60 50 40 30
SINGLE-FAMILY HOMES CONDOS & LOFTS
20
2016
2017
SINGLE-FAMILY HOMES
23
24
DAYS
DAYS
2016
1.4%
2017
2016 $1,200,000
CONDOS & LOFTS
CONDOS & LOFTS
2014
2017 $1,355,000
CONDOS & LOFTS
19
DAYS 2016
22
20,9%
DAYS 2017
2017 $830,500 2016 $729,000
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
0.4%
120% 115% 110%
SINGLE-FAMILY HOMES 105%
1.2%
CONDOS & LOFTS
2016
2017
SOLD LISTINGS 300
SINGLE-FAMILY HOMES
250 200 150
CONDOS & LOFTS 100
2016
2017
SINGLE-FAMILY HOMES
298
3.1%
2017 106.8% 2016 106.3%
CONDOS & LOFTS
100%
289
SAN MATEO COUNTY
CONDOS & LOFTS
108
114
5.6%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2016
2017
2016
2017
2017 104.6% 2016 105.9%
IT’S MORE THAN A HOME, IT’S YOUR LIFE. SAN JOSE | 2:05 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 AN UPWARD TREND.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
7.6%
$1,400,,000
SINGLE-FAMILY HOMES $1,200,000
2016 $1,050,000
CONDOS & LOFTS
$1,000,000 $800,000
3.0%
CONDOS & LOFTS $600,000
2014
2015
2016
2017
DAY ON MARKET UNTIL SALE 60 50 40 30
SINGLE-FAMILY HOMES CONDOS & LOFTS
20
2016
2017
SINGLE-FAMILY HOMES
23
DAYS 2016
2017 $1,130,000
CONDOS & LOFTS
22
18
18
DAYS
DAYS
DAYS
2.8%
2017
2016
0%
2017
2017 $697,000 2016 $677,000
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
0.6%
120% 115%
2017 104.7% 2016 105.3%
CONDOS & LOFTS
110%
SINGLE-FAMILY HOMES
105%
0.9%
CONDOS & LOFTS
100%
2016
2017
SOLD LISTINGS 900
SINGLE-FAMILY HOMES 700 500
CONDOS & LOFTS
300 100
2016
2017
SINGLE-FAMILY HOMES
705
SANTA CLARA COUNTY
783
11.1%
CONDOS & LOFTS
347
356
2.6%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2016
2017
2016
2017
2017 104.5% 2016 105.5%
ABOUT
Founded in 2010, Climb Real Estate is an innovative full-service residential real estate brokerage that leverages the latest technology to serve clients in emerging, established, and luxury neighborhoods in San Francisco and around the Bay Area. Climb offers a complete digital experience, including an extensive mobile-friendly website, social media presence, and mobile connection with agents that streamlines the buying and selling processes. Agents also connect face-to-face with clients in their neighborhoods via the Climb Airstream, a uniquely mobile real estate office. Climb is continuously rethinking the traditional home buying and selling experiences to better serve clients and close sales. Chris Lim, Mark Choey, and Tiffany Combs founded Climb with a focus on new condo developments in the SOMA/South Beach neighborhood of San Francisco. In a short span of years, the brokerage has grown to nearly 200 agents working in seven offices and throughout the Bay Area. According to the San Francisco Association of Realtors, Climb ranks as the #7 brokerage in the city and was also ranked as a top Bay Area Real Estate Brokerage by the San Francisco Business Times. Climb has also earned national recognition as one of the top 500 US brokerages by both RIS Media and Real Trends. Climb is part of the private label strategy of NRT, the largest residential real estate brokerage company in the United States. NRT owns and operates companies in 50 of the 100 largest metropolitan areas in the country, with approximately 780 offices and 46,800 independent sales associates. NRT is a subsidiary of Realogy (NYSE: RLGY), a Fortune 500 global leader in real estate franchising and provider of real estate brokerage, relocation, and settlement services. NRT has a number of real estate brokerages in its family of companies, including some of the nation’s largest, but also includes successful boutique brokerages with a unique business model and targeted clientele, such as Climb.
SOURCES: © 2017 SAN FRANCISCO ASSOCIATION OF REALTORS®, BAY EAST ASSOCIATION OF REALTORS®, SAN MATEO COUNTY ASSOCIATION OF REALTORS®, AND SANTA CLARA COUNTY 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, BEARMLS LISTINGS AT WWW.BAYEAST.ORG, SAMCARMLS LISTINGS AT WWW.SAMCAR.ORG, AND SCCAORMLS LISTINGS AT SCCAOR.ORG. POWERED BY 10K RESEARCH & MARKETING AND REALESTATEREPORT.COM.
BAY AREA POTRERO HILL
251 Rhode Island Street, Suite #105 San Francisco, CA 94103
NOE VALLE Y
3961 24th Street San Francisco, CA 94114
MISSION BAY
325 Berry Street, Suite #119 San Francisco, CA 94158
FINANCIAL DISTRICT 600 California Street San Francisco, CA 94108
JACK LONDON SQUARE 201 4th Street, Suite #102 Oakland, CA 94607
MENLO PARK
101 Jefferson Drive, 1st Floor Menlo Park, CA 94025
SANTANA ROW 3031 Tische Way San Jose, CA 95128
AIRSTREAM On Location Bay Area, CA
WALNUT CREEK Coming Soon
415.431.8888 info@climbrealestate.com climbrealestate.com