Q2 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
12.5%
$1,800,000
2017 $1.4m
SINGLE-FAMILY HOMES
$1,600,000
CONDOS & LOFTS
$1,400,000
CONDOS & LOFTS
$1,200,000
9.3%
$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
27.3
21.3
DAYS
DAYS
2017
2018 $1.6m
-21.8%
2018
CONDOS & LOFTS
49.9 44.1 -11.7%
DAYS 2017
DAYS 2018
2018 $1.2m 2017 $1.1m
SAN FRANCISCO MARKET OVERVIEW
PRICE PER SQ. FT. $1,200
SINGLE-FAMILY HOMES
12.2%
CONDOS & LOFTS
$1,000
2017 $920/ft 2
SINGLE-FAMILY HOMES
CONDOS & LOFTS
$800 $600
8.7%
$400
2017
2018
SOLD LISTINGS 800
CONDOS & LOFTS
700
SINGLE-FAMILY HOMES
600 500 400
2017
2018
SINGLE-FAMILY HOMES
CONDOS & LOFTS
791
658
731
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
651
2018 $1,017/ft 2
1.1%
8.2%
2018 $1,143/ft 2 2017 $1,055/ft 2
SAN FRANCISCO MARKET OVERVIEW
% LIST PRICE RECEIVED 120%
SINGLE-FAMILY HOMES
3.3%
SINGLE-FAMILY HOMES
115% 110%
CONDOS & LOFTS
2.3%
100%
2018
MONTHS SUPPLY 2.5 2.0
CONDOS & LOFTS
1.5
SINGLE-FAMILY HOMES
1.0 0.5
2017
2018
SINGLE-FAMILY HOMES
2.1
1.6
CONDOS & LOFTS
2.5
-26.2%
1.8
-28.5%
MONTHS
MONTHS
MONTHS
2017
2018
2017
2017 115.9%
CONDOS & LOFTS
105%
2017
2018 119.7%
MONTHS 2018
2018 108.2% 2017 105.7%
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
12.8%
SINGLE-FAMILY HOMES
$1,000,000 $900,000
$700,000
10.6%
CONDOS & LOFTS
$600,000
2017
2018
DAYS ON MARKET UNTIL SALE 25 20
SINGLE-FAMILY HOMES 15
CONDOS & LOFTS
10 5
2017
2018
SINGLE-FAMILY HOMES
DAYS 2017
2017 $895k
CONDOS & LOFTS
$800,000
20
2018 $1.01m
CONDOS & LOFTS
17
18
17
DAYS
DAYS
DAYS
-15.0%
2018
2017
-5.5%
2018
2018 $675k 2017 $610k
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
1.5%
120% 115%
SINGLE-FAMILY HOMES
110%
CONDOS & LOFTS
1.5%
100%
2017
2018
SOLD LISTINGS SINGLE-FAMILY HOMES
1,000 800 600 400
CONDOS & LOFTS
200
2017
2018
SINGLE-FAMILY HOMES
1116
CONDOS & LOFTS
352
-0.3%
2018 108.6% 2017 107.1%
CONDOS & LOFTS
105%
1120
ALAMEDA COUNTY
342 -2.8%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 106.5% 2017 105.0%
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
SINGLE-FAMILY HOMES
9.3%
SINGLE-FAMILY HOMES $700,000 $600,000
2018 $705k 2017 $645k
CONDOS & LOFTS
CONDOS & LOFTS
$500,000 $400,000
19%
$300,000
2017
2018
DAYS ON MARKET UNTIL SALE 25 20
SINGLE-FAMILY HOMES CONDOS & LOFTS
15 10 5
2017
2018
SINGLE-FAMILY HOMES
21
DAYS 2017
CONDOS & LOFTS
20
23
DAYS
DAYS
-4.8%
2018
18
-21.7%
2017
DAYS 2018
2018 $541k 2017 $447k
EAST BAY MARKET OVERVIEW
% LIST PRICE RECEIVED
0.4%
CONDOS & LOFTS SINGLE-FAMILY HOMES
2018 102.5% 2017 102.1%
CONDOS & LOFTS
102% 101%
1.3%
100%
2017
2018
SOLD LISTINGS SINGLE-FAMILY HOMES
1,000 800 600 400 200
CONDOS & LOFTS 2017
2018
SINGLE-FAMILY HOMES
1281
(ALAMO, BLACKHAWK, CLAYTON, CONCORD, DANVILLE, DIABLO, EL CERRITO, LAFAYETTE, MARTINEZ, MORAGA, ORINDA, PLEASANT HILL, SAN RAMON WALNUT CREEK)
SINGLE-FAMILY HOMES
104% 103%
CONTRA COSTA COUNTY
1106
CONDOS & LOFTS
290
-13.6%
270 -6.9%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 103.0% 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
15.7%
SINGLE-FAMILY HOMES
$1,600,000 $1,400,000
$1,000,000
21.1%
CONDOMINIUMS
$800,000
2017
2018
DAYS ON MARKET UNTIL SALE 25 20
SINGLE-FAMILY HOMES
15
CONDOMINIUMS
10 5
2017
2018
SINGLE-FAMILY HOMES
DAYS 2017
2017 $1.42m
CONDOMINIUMS
$1,200,000
18
2018 $1.65m
18
-0.0%
DAYS 2018
CONDOMINIUMS
18
DAYS 2017
15
-16.7%
DAYS 2018
2018 $1.0m 2017 $830k
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
2.7%
120% 115%
SINGLE-FAMILY HOMES CONDOMINIUMS
110%
4.8%
100%
2017
2018
SOLD LISTINGS 500 400
SINGLE-FAMILY HOMES
300 200
CONDOMINIUMS
100
2017
2018
SINGLE-FAMILY HOMES
CONDOMINIUMS
398
141
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
-17 .4%
2018 111.3% 2017 108.6%
CONDOMINIUMS
105%
482
SAN MATEO COUNTY
119 -15.6%
2018 110.1% 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
18.8%
SINGLE-FAMILY HOMES $1,400,000 $1,200,000
CONDOMINIUMS $800,000
25.0%
$600,000
2018
DAYS ON MARKET UNTIL SALE 50 40 30 20
SINGLE-FAMILY HOMES
10
CONDOMINIUMS 2017
2018
SINGLE-FAMILY HOMES
18
17
-5.5%
DAYS 2017
DAYS 2018
2017 $1.18m
CONDOMINIUMS
$1,000,000
2017
2018 $1.40m
CONDOMINIUMS
15
DAYS 2017
13
-13.3%
DAYS 2018
2018 $925k 2017 $739k
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
1.9%
120% 115%
SINGLE-FAMILY HOMES
105%
5.0 %
100%
2017
2018
SOLD LISTINGS 1,000
SINGLE-FAMILY HOMES
800 600 400
CONDOMINIUMS
200
2017
2018
SINGLE-FAMILY HOMES
977
2018 107.8% 2017 105.9%
CONDOMINIUMS
CONDOMINIUMS
110%
1,207
SANTA CLARA COUNTY
CONDOMINIUMS
466
377 -19.1%
-19.1%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 110.3% 2017 105.0%
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