YEAR-END MARKET REPORT SAN FRANCISCO • EAST BAY
IT’S MORE THAN A HOME, IT’S YOUR LIFE. EMBARCADERO | 6:48 PM
MESSAGE FROM THE
2016 can only be described as a milestone year for Bay Area real estate and for Climb Real Estate. With continued demand driving home sales, we saw record prices throughout San Francisco, East Bay, Peninsula, and South Bay. On a company front, Climb was acquired last August by NRT, the largest residential real estate company in America and owners of other brands such as Sotheby’s, Coldwell Banker, and Corcoran Group. While there were many achievements and new records in the local market, Climb Real Estate also celebrated many milestones. We are now over 200 agents in 7 offices. We are now consistently ranked one of the top brokerages in San Francisco, the East Bay, and Los Altos. We sold out our first new development project, Sapphire, in SOMA along with Brookstone Lane in Danville and Villas on 3rd in downtown Los Altos. We have started homes sales at Stanford University’s University Terraces and 72 Townsend in the South Beach neighborhood of San Francisco. Our tag line is “It’s More Than A Home, It’s Your Life,” and we demonstrated this in our community outreach including food and clothing drives, the AIDS Lifecycle Ride, Oakland Night Out Neighborhood Block Party, Rowan Community Clean Up, and numerous volunteer events throughout the Bay Area. We do not just sell our communities’ real estate, we actively live and participate in the neighborhoods that we serve. While Climb Real Estate continues to expand its reach from San Francisco into the East Bay and South Bay Area, our utmost goal is serve buyers and sellers with integrity, professionalism, and superior market knowledge. Our talented salespeople are available to you to answer questions about the micro-trends within each marketplace. Sincerely,
Chris Lim President
A YEAR IN THE LIFE
JOINING THE NRT FAMILY
HOLIDAY CELEBRATION AT THE HARRISON CLIMBERS AT SOULCYLE
REPRESENTING SEVENTY2 TOWNSEND
OAKLAND NIGHT OUT BLOCK PARTY
SFAR INSTALLATION GALA
REPRESENTING BROOKSTONE LANE
CLIMB & INMAN COCKTAILS + CONTENT PARTY
VOLUNTEERING FOR ROWAN PARK CLEAN UP
SAN FRANCISCO MARKET OVERVIEW IT WAS AN EXCITING YEAR IN SAN FRANCISCO. INVENTORY SOLD QUICKLY AT HIGHER PRICES THAN AT ANY POINT IN THE CITY'S LONG, RICH HISTORY.
MEDIAN SALES PRICE $1,400,000
SINGLE-FAMILY HOMES
6.0%
SINGLE-FAMILY HOMES
$1,200,000
2015 $1.3M
CONDOS & LOFTS
CONDOS & LOFTS
$1,000,000 $800,000
0.5%
$600,000
2013
2014
2015
2016
DAY ON MARKET UNTIL SALE 60
CONDOS & LOFTS 50 40
SINGLE-FAMILY HOMES
30 20
2013
2014
2015
SINGLE-FAMILY HOMES
29.7 33.6 13.3%
DAYS 2015
2016 $1.3M
DAYS 2016
2016
CONDOS & LOFTS
44.3 53.2 20.3%
DAYS 2015
DAYS 2016
2016 $1.1M 2015 $1.1M
SAN FRANCISCO MARKET OVERVIEW
PRICE PER SQ. FT.
SINGLE-FAMILY HOMES
4.8%
$1,200
CONDOS & LOFTS
$1,000
2016 $863 2015 $824
SINGLE-FAMILY HOMES
CONDOS & LOFTS
$800 $600
1.0%
$400
2013
2014
2015
2016
SOLD LISTINGS 3,000 2,750 2,500
CONDOS & LOFTS
2,250
SINGLE-FAMILY HOMES
2,000
2013
2014
2015
SINGLE-FAMILY HOMES
2,307
2,199
2016
CONDOS & LOFTS
2,535 2,476 2.3%
4.7%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2015
2016
2015
2016
2016 $1,027 2015 $1,016
SAN FRANCISCO MARKET OVERVIEW
% LIST PRICE RECEIVED
SINGLE-FAMILY HOMES
3.2%
120% 115%
SINGLE-FAMILY HOMES 110%
3.8%
100%
2013
2014
2015
2016
MONTHS SUPPLY 2.0 1.5
CONDOS & LOFTS
1.0
SINGLE-FAMILY HOMES
0.5 0.0
2013
2014
2015
SINGLE-FAMILY HOMES
1.1
0.9
2016
CONDOS & LOFTS
1.5
1.1 24.6%
23.0%
2015 115.3%
CONDOS & LOFTS
CONDOS & LOFTS
105%
2016 111.6%
MONTHS
MONTHS
MONTHS
MONTHS
2015
2016
2015
2016
2016 104.7% 2015 108.9%
SAN FRANCISCO MARKET OVERVIEW ACTIVITY BY DISTRICT MEDIAN SALES PRICE SINGLE-FAMILY HOME
+/-
DAYS ON MARKET 2016
2015
1 Richmond
$1.82M
$1.65M
+10.3%
31
25
+22.6%
$875
$865
-1.2%
193
178
-7.8%
2 Sunset
$1.23M
$1.16M
+5.4%
28
26
+8.9%
$760
$809
+6.4%
410
393
-4.1%
3 Lake Merced
$0.96M
$0.90M
+6.6%
31
35
-12.9%
$653
$706
+8.1%
155
193
+24.5%
4 West Portal/St. Francis Wood
$1.44M
$1.42M
+1.0%
31
29
+6.4%
$809
$834
+3.1%
336
314
-6.5%
5 Cole Valley/Noe Valley/Castro
$2.07M
$2.10M
-1.4%
33
24
+33.1%
$1,119
$1,080
-3.5%
300
316
+5.3%
6 Hayes Valley/Panhandle
$2.31M
$2.25M
+2.4%
43
30
+40.8%
$916
$1,054
+15.1%
37
35
-5.4%
7 Marina/Pacific Heights
$4.70M
$4.98M
-5.5%
49
35
+40.8%
$1,493
$1,466
-1.9%
87
102
+17.2%
8 North Beach/Russian Hill
$3.45M
$2.83M
+21.9%
55
52
+6.5%
$1,514
$1,389
-8.2%
23
14
-39.1%
9 South Beach/SOMA
$1.41M
$1.38M
+2.0%
33
25
+32.0%
$956
$1,000
+4.6%
263
246
-6.5%
10 Outer Mission/Bay View
$0.83M
$0.78M
+6.5%
39
39
+6.7%
$606
$632
+4.2%
503
408
-18.9%
CONDOS & LOFTS
+/-
DAYS ON MARKET 2016
2015
+/-
2016
2015
+/-
SOLD LISTINGS
2016
MEDIAN SALES PRICE
2015
PRICE PER SQ. FT.
2016
PRICE PER SQ. FT. 2016
2015
+/-
2015
+/-
SOLD LISTINGS
2016
2015
+/-
1 Richmond
$1.14M
$1.09M
+4.6%
49
40
+23.9%
$847
$828
+2.3%
122
2016
130
2015
-6.2%
+/-
2 Sunset
$1.10M
$1.03M
+7.6%
49
51
-4.0%
$814
$737
+10.5%
36
40
-10.0%
3 Lake Merced
$0.80M
$0.64M
+25.5%
46
34
+36.2%
$659
$651
+1.3%
36
52
-10.0%
4 West Portal/St. Francis Wood
$0.66M
$0.70M
-5.8%
59
44
+34.8%
$798
$710
+12.4%
25
48
-47.9%
5 Cole Valley/Noe Valley/Castro
$1.30M
$1.27M
+2.4%
47
37
+27.0%
$1,022
$1,034
-1.2%
344
389
-11.6%
6 Hayes Valley/Panhandle
$1.09M
$1.13M
-2.9%
54
40
+34.3%
$1,020
$981
+3.9%
280
223
+25.6%
7 Marina/Pacific Heights
$1.50M
$1.50M
+0.2%
49
36
+35.5%
$1,211
$1,153
+5.0%
259
224
+15.6%
8 North Beach/Russian Hill
$0.98M
$1.02M
-4.4%
50
49
+1.1%
$1,096
$1,063
+3.1%
366
359
+1.9%
9 South Beach/SOMA
$1.04M
$1.07M
-2.8%
58
47
+23.9%
$1,058
$1,079
-2.0%
913
1,007
-9.3%
10 Outer Mission/Bay View
$0.64M
$0.67M
-4.4%
72
72
-15.2%
$603
$570
+5.8%
78
63
+23.8%
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 MODEST PRICE GAINS WHILE OVER ALL SALES ACTIVITY SLOWED SLIGHTLY.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
6.8%
$900,000 $800,000
2016 $780,000 2015 $730,000
SINGLE-FAMILY HOMES
CONDOS & LOFTS
$700,000 $600,000
11.5%
CONDOS & LOFTS
$500,000
2013
2014
2015
2016
DAY ON MARKET UNTIL SALE 60 50 40 30
SINGLE-FAMILY HOMES 20
CONDOS & LOFTS 2013
2014
2015
SINGLE-FAMILY HOMES
23 DAYS
23
0%
DAYS
2016
CONDOS & LOFTS
21 DAYS
21
0%
DAYS
2016 $535,000 2015 $480,000
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
0.4%
120% 115% 110%
SINGLE-FAMILY HOMES
105%
2013
2014
2015
1.3%
2016
SOLD LISTINGS 3,000 2,750 2,500
CONDOS & LOFTS
2,250
SINGLE-FAMILY HOMES
2,000
2013
2014
2015
SINGLE-FAMILY HOMES
10,205
9,642 5.5%
2016
CONDOS & LOFTS
3,452
2015 106.1%
CONDOS & LOFTS
CONDOS & LOFTS
100%
2016 105.7%
3,225 0.4%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2015
2016
2015
2016
2016 104.3% 2015 105.6%
EAST BAY MARKET OVERVIEW
ALAMEDA COUNTY
(ALAMEDA, ALBANY, BERKELEY, CASTRO VALLEY, EMERYVILLE, FREMONT, HAYWARD, LIVERMORE, NEWARK, OAKLAND, PLEASANTON, SAN LEANDRO, SAN LORENZO, UNION CITY)
ACTIVITY BY CITY MEDIAN SALES PRICE SINGLE-FAMILY HOME
DAYS ON MARKET 2016
2016
2015
+/-
ALAMEDA
$927,500
$875,000
+6.0%
20
20
+0.0%
332
377
-11.9%
ALBANY
$925,000
$875,000
+5.7%
17
16
+6.1
87
98
-11.2
BERKELEY
$1,125,000
$1,050,000
+7.1%
21
21
+0.0%
530
525
+1.0%
CASTRO VALLEY
$749,500
$685,000
+9.4%
28
22
+24.0%
434
525
-17.3%
DUBLIN
$937,000
$896,000
+4.6%
24
22
+8.7%
479
490
-2.2%
EMERYVILLE
$684,500
$706,500
-3.1%
21
37
-55.1%
6
10
-40.0%
FREMONT
$945,000
$893,000
+5.8%
22
18
+20.0%
1,303
1,375
-5.2%
HAYWARD
$562,888
$520,000
+8.2%
26
29
-10.9%
959
968
-0.9%
LIVERMORE
$710,000
$679,000
+4.6%
25
23
+8.9%
1,017
1,063
-4.3%
NEWARK
$740,000
$700,000
+5.7%
22
21
+4.7%
258
297
-13.1%
OAKLAND
$690,000
$630,000
+9.5%
25
26
-3.9%
2,366
2,477
-4.5%
PLEASANTON
$1,025,000
$957,500
+7.0%
23
22
+4.4%
643
689
-6.7%
SAN LEANDRO
$585,000
$528,000
+10.8%
21
24
-13.3%
593
625
-5.1%
SAN LORENZO
$552,000
$485,000
+13.9%
17
19
+11.1%
173
214
-19.2%
UNION CITY
$775,000
$714,615
+8.5%
23
21
+9.1%
355
346
+2.6%
MEDIAN SALES PRICE CONDOS & LOFTS
+/-
2015
SOLD LISTINGS
+/-
2016
DAYS ON MARKET 2016
2015
+/-
2015
+/-
SOLD LISTINGS
2016
2015
2016
2015
+/-
ALAMEDA
$660,000
$569,000
+16.0%
21
24
-13.3%
143
179
-20.1%
ALBANY
$452,500
$447,500
+1.1%
34
41
-18.7%
42
58
-27.5%
BERKELEY
$670,000
$585,000
+14.5%
20
27
-29.8%
77
106
-27.4%
CASTRO VALLEY
$539,000
$459,000
+17.4%
21
23
-9.1%
93
74
+25.7%
DUBLIN
$620,000
$560,000
+10.7%
22
20
+9.5%
321
332
-3.3%
EMERYVILLE
$472,000
$448,000
+5.4%
22
18
+20.0%
152
176
-13.6%
FREMONT
$567,000
$520,000
+9.0%
19
17
+11.1%
565
602
-6.1%
HAYWARD
$420,000
$377,000
+11.4%
22
22
+0.0%
356
366
-2.7%
LIVERMORE
$537,000
$500,000
+7.4%
23
20
+14.0%
196
219
-10.5%
NEWARK
$500,000
$432.000
+15.7%
17
20
-16.2%
123
88
+39.8%
OAKLAND
$565,000
$487,000
+16.0%
21
24
-13.3%
698
809
-13.7%
PLEASANTON
$586,000
$528,000
+11.0%
18
15
+18.2%
166
153
+8.5%
SAN LEANDRO
$400,000
$350,000
+14.3%
26
22
+16.7%
130
125
+4.0%
SAN LORENZO
$397,000
$378,000
+5.2%
23
28
-19.6%
20
19
+5.3%
UNION CITY
$470,000
$424,000
+10.8%
26
28
-17.4%
143
146
-2.1%
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 WITH MODEST GAINS, WHILE CONDOS IN THE AREA DID FETCH RECORD PRICES DURING 2016.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
6.1%
$700,,000
SINGLE-FAMILY HOMES
$600,000
CONDOS & LOFTS $400,000
9.9%
$300,000
2014
2015
2016
DAY ON MARKET UNTIL SALE 60 50 40 30
SINGLE-FAMILY HOMES CONDOS & LOFTS
20
2013
2014
2015
SINGLE-FAMILY HOMES
29
DAYS
2016
CONDOS & LOFTS
28
25
25
DAYS
DAYS
DAYS
3.5%
2015 $538,000
CONDOS & LOFTS
$500,000
2013
2016 $571,000
0%
2016 $428,000 2015 $390,000
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
0.4%
120% 115%
2016 101.1% 2015 101.5%
CONDOS & LOFTS
110% 105%
0.7%
CONDOS & LOFTS 100%
SINGLE-FAMILY HOMES 2013
2014
2015
2016
SOLD LISTINGS SINGLE-FAMILY HOMES 10,000 8,000 6,000 4,000
CONDOS & LOFTS 2,000
2013
2014
2015
SINGLE-FAMILY HOMES
10,755
10,246 4.7%
2016
CONDOS & LOFTS
2,726
2,570 5.7%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2015
2016
2015
2016
2016 101.1% 2015 101.8%
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)
ACTIVITY BY CITY MEDIAN SALES PRICE SINGLE-FAMILY HOME
DAYS ON MARKET
+/-
2016
2016
2015
ALAMO
$1,637,100
$1,532,500
+6.8%
43
41
+4.8%
197
192
+2.6%
BLACKHAWK
$1,445,900
$1,495,000
-3.3%
56
53
+5.5%
34
80
-57.5%
CLAYTON
$747,365
$720,000
+3.8%
31
28
+10.2%
141
137
+2.9%
CONCORD
$555,000
$514,900
+7.8%
25
25
+0.0%
1,081
1,107
+7.8%
DANVILLE
$1,212,000
$1,149,000
+ 5.5%
29
26
+10.9%
703
709
-0.8%
DIABLO
$1,750,000
$2,102,500
-16.8%
46
98
-72.2%
16
18
-11.1%
EL CERRITO
$800,000
$753,500
+ 6.2%
23
18
+24.4%
204
200
+2.0%
LAFAYETTE
$1,350,000
$1,367,500
-1.3%
30
26
+14.3%
254
336
-24.4%
MARTINEZ
$571,500
$534,150
+ 7.0%
29
29
+0.0%
451
441
+2.3%
MORAGA
$1,260,000
$1,232,000
+ 2.3%
24
18
+25.6%
104
134
-21.6%
ORINDA
$1,450,000
$1,353,250
+ 7.1%
24
27
-11.8%
229
255
-10.2%
PLEASANT HILL
$722,000
$650,000
+11.1%
19
25
-27.3%
285
355
-19.7%
SAN RAMON
$1,015,000
$1,000,000
+1.5%
24
20
+18.2%
691
743
-7.0%
WALNUT CREEK
$990,000
$922,000
+7.4%
21
24
-13.3%
586
594
-1.3%
MEDIAN SALES PRICE CONDOS & LOFTS
2015
SOLD LISTINGS
+/-
2016
DAYS ON MARKET
+/-
2016
2015
2015
+/-
SOLD LISTINGS
2016
2015
+/-
2016
2015
+/-
ALAMO
$656,000
$700,000
-6.3%
43
20
+73.0%
5
7
-28.6%
BLACKHAWK
$800,000
$795,000
+0.6%
6
40
-147.8%
1
1
+0.0%
CLAYTON
$530,000
$485,000
+9.3%
17
37
-74.1%
20
18
+11.1%
CONCORD
$265,000
$250,000
+6.0%
21
27
-25%
299
335
-10.7%
DANVILLE
$710,500
$655,000
+ 8.5%
24
22
+8.7%
166
178
-6.7%
DIABLO
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
EL CERRITO
$500,000
$518,000
-3.5%
17
27
+45.5%
21
19
+10.5%
LAFAYETTE
$904,000
$677,000
+33.5%
22
13
+51.4%
14
10
+40.0%
MARTINEZ
$398,000
$340,000
+17.1%
20
21
+4.9%
130
121
+7.4%
MORAGA
$690,000
$602,000
+14.6%
19
16
+17.1%
73
81
-9.9%
ORINDA
$1,057,500
$852,500
+24.0%
28
21
+28.6%
4
6
-33.3%
PLEASANT HILL
$498,500
$436,000
+14.3%
23
23
+0.0%
114
131
-13.0%
SAN RAMON
$587,000
$552,000
+6.3%
23
20
+14.0%
299
346
-13.6%
WALNUT CREEK
$480,000
$430,000
+ 11.6%
25
24
+4.1%
909
949
-4.2%
IT’S MORE THAN A HOME, IT’S YOUR LIFE. ALAMEDA | 2:46 PM
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: © 2016 SAN FRANCISCO ASSOCIATION OF REALTORS®. AND BAY EAST 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 AND BEARMLS LISTINGS AT WWW.BAYEAST.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
415.431.8888 info@climbrealestate.com climbrealestate.com