Climb Releases Year-End Market Report 2017

Page 1

YEAR-END MARKET REPORT 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 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

9%

SINGLE-FAMILY HOMES

$1,200,000

2016 $1.25m

CONDOS & LOFTS

CONDOS & LOFTS

$1,000,000 $800,000

9%

$600,000

2014

2015

2016

2017

DAY ON MARKET UNTIL SALE 50 40

CONDOS & LOFTS

30

SINGLE-FAMILY HOMES

20 10

2014

2015

2016

SINGLE-FAMILY HOMES

34

29

DAYS

DAYS

2016

2017 $1.36m

17.2%

2017

2017

CONDOS & LOFTS

38

37 3.0%

DAYS 2016

DAYS 2017

2017 $1.25m 2016 $1.14m


SAN FRANCISCO MARKET OVERVIEW

PRICE PER SQ. FT.

SINGLE-FAMILY HOMES

6.6%

$1,200

CONDOS & LOFTS

$1,000

2017 $920/ft 2 2016 $864/ft 2

SINGLE-FAMILY HOMES

CONDOS & LOFTS

$800 $600

2.3%

$400

2014

2015

2016

2017

SOLD LISTINGS 3,000

CONDOS & LOFTS

2,750 2,500

SINGLE-FAMILY HOMES

2,250 2,000

2014

2015

2016

SINGLE-FAMILY HOMES

2,634

2,424

2017

CONDOS & LOFTS

2,898 2,796 3.6%

8.6%

LISTINGS

LISTINGS

LISTINGS

LISTINGS

2016

2017

2016

2017

2017 $1,050/ft 2 2016 $1,026/ft 2


SAN FRANCISCO MARKET OVERVIEW

% LIST PRICE RECEIVED

SINGLE-FAMILY HOMES

3.5%

120% 115%

SINGLE-FAMILY HOMES 110%

0.4%

100%

2014

2015

2016

2017

MONTHS SUPPLY 2.0 1.5

CONDOS & LOFTS

1.0

SINGLE-FAMILY HOMES

0.5 0.0

2014

2015

2016

SINGLE-FAMILY HOMES

1.4

0.7

2017

CONDOS & LOFTS

1.7

1.0 42.3%

51.8%

2016 111.6%

CONDOS & LOFTS

CONDOS & LOFTS

105%

2017 115.1%

MONTHS

MONTHS

MONTHS

MONTHS

2016

2017

2016

2017

2017 105.1% 2016 104.7%


SAN FRANCISCO MARKET OVERVIEW ACTIVITY BY DISTRICT MEDIAN SALES PRICE SINGLE-FAMILY HOME

DAYS ON MARKET 2017

2016

+/-

1 Richmond

$1.91M

$1.81M

+5.1%

28

31

-10.7%

$928

$862

+7.7%

158

180

-13.9%

2 Sunset

$1.32M

$1.22M

+8.1%

22

27

-22.7%

$892

$808

+10.4%

385

396

-2.8%

3 Lake Merced

$1.10M

$0.96M

+14.7%

29

30

-3.4%

$767

$707

+8.5%

154

193

-25.3%

4 West Portal/St. Francis Wood

$1.57M

$1.43M

+9.4%

20

29

-45.0%

$944

$834

+13.2%

299

315

-5.3%

5 Cole Valley/Noe Valley/Castro

$2.31M

$2.07M

+11.5%

28

31

-10.7%

$1,164

$1,083

+7.5%

309

315

-1.9%

6 Hayes Valley/Panhandle

$2.56M

$2.30M

+11.4%

32

41

-28.1%

$1,096

$1,060

+3.4%

32

35

-9.3%

7 Marina/Pacific Heights

$4.45M

$4.70M

-5.6%

41

49

-19.5%

$1,419

$1,474

-3.8%

98

102

-4.0%

8 North Beach/Russian Hill

$2.63M

$3.44M

-30.9%

46

55

-19.5%

$1,110

$1,389

-25.1%

25

14

+78.5%

9 South Beach/SOMA

$1.52M

$1.40M

+8.2%

24

31

-29.1%

$1,035

$1,000

+3.5%

263

246

+6.9%

10 Outer Mission/Bay View

$0.93M

$0.83M

+11.7%

33

38

-15.1%

$699

$636

+9.9%

457

405

+12.8%

CONDOS & LOFTS

+/-

+/-

DAYS ON MARKET 2017

2016

+/-

2017

2016

+/-

SOLD LISTINGS

2017

MEDIAN SALES PRICE

2016

PRICE PER SQ. FT.

2017

PRICE PER SQ. FT. 2017

2016

+/-

2016

+/-

SOLD LISTINGS

2017

2016

1 Richmond

$1.17M

$1.06M

+10.1%

29

34

-17.2%

$917

$849

+8.0%

111

2017

142

2016

-27.9%

+/-

2 Sunset

$0.95M

$0.99M

-4.2%

33

46

-39.4%

$818

$815

+0.3%

29

52

-79.3%

3 Lake Merced

$0.85M

$0.80M

+6.2%

34

31

+9.7%

$750

$659

+13.8%

38

53

-39.5%

4 West Portal/St. Francis Wood

$0.72M

$0.66M

+9.8%

35

49

-40.0%

$796

$798

-0.3%

43

25

+72.0%

5 Cole Valley/Noe Valley/Castro

$1.33M

$1.25M

+6.5%

27

33

-22.2%

$1,082

$1,022

+5.8%

423

394

+7.3%

6 Hayes Valley/Panhandle

$1.20M

$1.06M

+13.6%

33

37

-12.1%

$1,034

$1,026

+0.07%

285

317

-11.2%

7 Marina/Pacific Heights

$1.56M

$1.45M

+7.0%

28

34

-21.4%

$1,201

$1,211

-0.8%

301

293

+2.7%

8 North Beach/Russian Hill

$1.10M

$0.99M

+10.1%

44

36

+22.2%

$1,124

$1,096

+2.5%

453

464

-2.4%

9 South Beach/SOMA

$1.08M

$1.02M

+5.9%

41

44

-7.3%

$1,061

$1,057

+0.3%

976

958

+1.8%

10 Outer Mission/Bay View

$0.70M

$0.63M

+10.5%

56

42

+33.3%

$613

$603

+1.6%

54

62

-14.8%


IT’S MORE THAN A HOME, IT’S YOUR LIFE. ALAMEDA | 2:46 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)

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 $900,000

SINGLE-FAMILY HOMES

9.1%

SINGLE-FAMILY HOMES

$800,000

2016 $780k

CONDOS & LOFTS

$700,000 $600,000

8.4%

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

23 DAYS 2016

2017 $851k

23 0%

DAYS 2017

2017

CONDOS & LOFTS

21

20

DAYS

DAYS

2016

5%

2017

2017 $580k 2016 $535k


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

0.7%

120% 115% 110%

SINGLE-FAMILY HOMES

105%

2014

2015

2016

0.3%

2017

SOLD LISTINGS 10,500

SINGLE-FAMILY HOMES

8,500 6,500 4,500

CONDOS & LOFTS 2,500

2016

2017

SINGLE-FAMILY HOMES

9,642

10,283 6.6%

CONDOS & LOFTS

3,225

2016 105.7%

CONDOS & LOFTS

CONDOS & LOFTS

100%

2017 106.4%

3,441 6.7%

LISTINGS

LISTINGS

LISTINGS

LISTINGS

2016

2017

2016

2017

2017 104.6% 2016 104.3%


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

2017

2016

+/-

DAYS ON MARKET 2017

2016

SOLD LISTINGS

+/-

2017

2016

+/-

ALAMEDA

$1,050,000

$927,500

+13.2%

19

20

-5.2%

380

332

+14.4%

ALBANY

$1,060,000

$925,000

+14.5%

18

17

+5.8

76

87

-14.4%

BERKELEY

$1,221,000

$1,125,000

+8.5%

21

21

+0.0%

560

530

+5.6%

CASTRO VALLEY

$819,000

$749,500

+9.3%

23

28

-21.7%

497

434

+14.5%

DUBLIN

$1,005,000

$937,000

+7.2%

24

24

+0.0%

490

479

+2.3%

EMERYVILLE

$710,000

$684,500

+3.8%

23

21

+9.5%

7

6

+16.6%

FREMONT

$1,046,000

$945,000

+10.6%

19

22

-15.7%

1,368

1,303

+4.9%

HAYWARD

$648,750

$562,888

+6.1%

26

26

+0.0%

1,150

959

+19.9%

LIVERMORE

$777,000

$710,000

+9.4%

21

25

-19.0%

1,007

1,017

-0.1%

NEWARK

$825,000

$740,000

+11.4%

20

22

-10.0%

319

258

+23.6%

OAKLAND

$720,000

$690,000

+4.3%

26

25

+4.0%

2,412

2,366

+1.9%

PLEASANTON

$1,125,000

$1,025,000

+9.7%

23

23

+0.0%

695

643

+8.0%

SAN LEANDRO

$642,000

$585,000

+9.7%

20

21

-5.0%

618

593

+4.2%

SAN LORENZO

$615,000

$552,500

+11.4%

18

17

+5.8%

193

173

+11.5%

UNION CITY

$865,000

$775,000

+11.6%

19

23

-21.0%

372

355

+4.7%

MEDIAN SALES PRICE CONDOS & LOFTS

DAYS ON MARKET 2017

2016

+/-

SOLD LISTINGS

2017

2016

+/-

2017

2016

+/-

ALAMEDA

$669,000

$660,000

+1.3%

21

21

+0.0%

181

143

+26.5%

ALBANY

$527,500

$452,500

+16.5%

20

34

-70.0%

50

42

+28.5%

BERKELEY

$750,000

$670,000

+11.9%

21

20

+5.0%

89

77

+15.5%

CASTRO VALLEY

$565,000

$539,000

+4.8%

19

21

-10.5%

75

93

-24.0%

DUBLIN

$660,000

$620,000

+6.4%

17

22

-29.4%

337

321

+4.9%

EMERYVILLE

$515,000

$472,000

+9.1%

21

22

-4.7%

168

152

+10.5%

FREMONT

$650,000

$567,000

+14.6%

18

19

-5.5%

535

565

-5.6%

HAYWARD

$470,000

$420,000

+11.9%

20

22

-10.0%

378

356

+6.1%

LIVERMORE

$579,000

$537,000

+7.8%

20

23

-15.0%

222

196

+13.2%

NEWARK

$614,995

$500,000

+22.9%

15

17

-13.3%

126

123

+2.4%

OAKLAND

$600,000

$565,000

+6.2%

21

21

+0.0%

762

698

+9.1%

PLEASANTON

$615,000

$586,000

+4.9%

19

18

+5.5%

191

166

+15.0%

SAN LEANDRO

$412,500

$400,000

+3.0%

26

26

+0.0%

132

130

+1.5%

SAN LORENZO

$439,000

$397,000

+10.5%

35

23

+52.1%

20

20

+0.0%

UNION CITY

$471,000

$470,000

+0.02%

19

26

-36.8%

175

143

+22.3%


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 HIGH PRICES DURING 2017.

MEDIAN SALES PRICE

SINGLE-FAMILY HOMES

9.6%

$700,,000

SINGLE-FAMILY HOMES

$600,000

CONDOS & LOFTS $400,000

7.5%

$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

30

DAYS 2016

2017

CONDOS & LOFTS

27

26

DAYS

DAYS

11.0%

2017

2016 $547k

CONDOS & LOFTS

$500,000

2014

2017 $600k

24

8.3%

2016

DAYS 2017

2017 $442k 2016 $411k


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

0.5%

120% 115%

2017 101.5% 2016 101.0%

CONDOS & LOFTS

110% 105%

0.1%

CONDOS & LOFTS 100%

SINGLE-FAMILY HOMES 2014

2015

2016

2017

SOLD LISTINGS SINGLE-FAMILY HOMES 10,000 8,000 6,000 4,000

CONDOS & LOFTS 2,000

2014

2015

2016

SINGLE-FAMILY HOMES

10,885

10,971 0.8%

2017

CONDOS & LOFTS

2,669

2,696 4.0%

LISTINGS

LISTINGS

LISTINGS

LISTINGS

2016

2017

2016

2017

2017 101.1% 2016 101.0%


EAST BAY MARKET OVERVIEW

CONTRA COSTA COUNTY

(ALAMO, BLACKHAWK, CLAYTON, CONCORD, DANVILLE, DIABLO, EL CERRITO, KENSINGTON, LAFAYETTE, MARTINEZ, MORAGA, OAKLEY, ORINDA, PLEASANT HILL, SAN RAMON WALNUT CREEK)

ACTIVITY BY CITY MEDIAN SALES PRICE SINGLE-FAMILY HOME

2017

2016

+/-

DAYS ON MARKET 2017

2016

SOLD LISTINGS

+/-

2017

2016

+/-

ALAMO

$1,643,500

$1,637,100

+0.3%

33

43

-30.3%

202

202

+0.0%

CLAYTON

$782,500

$749,000

+4.4%

29

30

-3.4%

160

144

+11.1%

CONCORD

$586,000

$550,000

+6.5%

23

27

-17.4%

1,069

1,066

+0.3%

DANVILLE

$1,301,444

$1,220,000

+6.6%

26

32

-23.1%

804

763

+5.3%

DIABLO

$2,762,000

$1,750,000

+57.8%

76

46

+65.2%

11

16

-45.5%

EL CERRITO

$895,000

$800,000

+11.8%

21

24

-14.2%

222

212

+4.7%

KENSINGTON

$1,126,000

$975,000

+15.5%

21

19

+10.5%

70

49

+42.8%

LAFAYETTE

$1,442,000

$1,350,000

+6.8%

25

30

-20.0%

314

254

+23.6%

MARTINEZ

$610,000

$570,000

+7.0%

30

29

+3.4%

522

485

+7.6%

MORAGA

$1,350,000

$1,257,500

+7.3%

29

28

+3.5%

165

108

+52.7%

OAKLEY

$460,000

$405,000

+13.5%

26

25

+4.0%

579

605

-4.4%

ORINDA

$1,510,500

$1,450,000

+4.1%

25

25

+0.0%

242

231

+4.7%

PLEASANT HILL

$760,000

$707,000

+7.4%

20

20

+0.0%

311

298

+4.3%

SAN RAMON

$1,100,000

$1,010,000

+8.9%

24

26

-8.3%

757

727

+4.1%

WALNUT CREEK

$1,092,500

$990,000

+10.3%

21

21

+0.0%

566

586

-3.5%

MEDIAN SALES PRICE CONDOS & LOFTS

+/-

DAYS ON MARKET 2017

2016

SOLD LISTINGS

2017

2016

+/-

2017

2016

+/-

ALAMO

$720,750

$530,000

+35.8%

18

43

-138.8%

6

5

+20%

CLAYTON

$591,000

$530,000

+11.5%

29

18

+61.1%

14

21

-50.0%

CONCORD

$310,000

$261,000

+18.7%

17

23

-29.4%

364

344

+5.8%

DANVILLE

$717,000

$710,500

+ 1.0%

18

24

-33.3%

156

178

-14.1%

DIABLO

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

EL CERRITO

$548,500

$500,000

+9.6%

24

17

+41.1%

14

21

-50.0%

KENSINGTON

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

LAFAYETTE

$850,000

$935,000

-10.0%

32

20

+60.0%

28

16

+75.0%

MARTINEZ

$419,888

$398,000

+5.2%

21

21

+0.0%

129

142

-10.0%

MORAGA

$719,000

$688,750

+4.5%

23

20

+15.0%

65

76

-16.9%

OAKLEY

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

ORINDA

$975,000

$1,057,500

-8.4%

13

28

-115.3%

8

4

+200.0%

PLEASANT HILL

$520,000

$498,500

+4.4%

16

23

-43.7%

103

120

-16.5%

SAN RAMON

$621,563

$586,000

+6.4%

19

23

-21.0%

336

312

+7.6%

WALNUT CREEK

$500,000

$475,000

+ 5.2%

29

26

+11.5%

948

959

-1.1%


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)

MEDIAN HOME PRICES IN THE PENINSULA FOR BOTH SINGLE-FAMILY HOMES AND CONDOS CONTINUE TO RISE.

MEDIAN SALES PRICE $1.400,000

SINGLE-FAMILY HOMES

11.2%

SINGLE-FAMILY HOMES

$1,200,000

CONDOMINIUMS

$1,000,000

9.3%

$600,000

2015

2016

2017

DAYS ON MARKET UNTIL SALE 60 50 40 30

SINGLE-FAMILY HOMES

20

CONDOMINIUMS

2016

2017

SINGLE-FAMILY HOMES

32

29

CONDOMINIUMS

23

10.3%

DAYS 2016

DAYS 2017

DAYS 2016

2016 $1.28m

CONDOMINIUMS

$800,000

2014

2017 $1.43m

20

15.0%

DAYS 2017

2017 $820k 2016 $750k


PENINSULA MARKET OVERVIEW

% LIST PRICE RECEIVED

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)

SINGLE-FAMILY HOMES

3.0%

120% 115%

2017 108.3% 2016 105.3%

CONDOMINIUMS

110%

SINGLE-FAMILY HOMES 105%

CONDOMINIUMS

0.4%

100%

2016

2017

SOLD LISTINGS 10,000 8,000 6,000

SINGLE-FAMILY HOMES

4,000 2,000

CONDOMINIUMS 2014

2015

2016

SINGLE-FAMILY HOMES

4,031 4,118 2.1%

2017

CONDOMINIUMS

1,327

1,336 0.06%

LISTINGS

LISTINGS

LISTINGS

LISTINGS

2016

2017

2016

2017

2017 105.2% 2016 104.8%


PENINSULA MARKET OVERVIEW

SAN MATEO COUNTY

(Atherton, Belmont, Brisbane, Burlingame, Daly City, East Palo Alto, Foster City, Hillsborough, Half Moon Bay, Millbrae, Menlo Park, Montara, Pacifica, Redwood City, Redwood Shores, San Bruno, San Carlos, San Mateo, South SF, Woodside)

ACTIVITY BY CITY: SINGLE-FAMILY HOMES MEDIAN SALES PRICE SINGLE-FAMILY HOME

2017

2016

+/-

DAYS ON MARKET 2017

2016

+/-

SOLD LISTINGS 2017

2016

+/-

ATHERTON

$4,750,000

$5,762,500

-21.3%

47

71

-51.1%

79

62

+27.4%

BELMONT

$1,666,500

$1,506,000

+10.6%

16

16

+0.0%

210

184

+14.1%

BRISBANE

$977,500

$950,000

+2.8%

37

46

-24.3%

38

37

+2.7%

BURLINGAME

$2,136,000

$2,040,000

+4.7%

17

18

-5.8%

164

161

+1.8%

DALY CITY

$920,000

$850,000

+8.2%

22

23

-4.5%

356

327

+8.8%

EAST PALO ALTO

$840,694

$750,000

+12.0%

18

27

-50.0%

122

122

+0.0%

EL GRANDA

$1,100,000

$1,015,000

+8.3%

28

31

-10.7%

63

51

+23.5%

FOSTER CITY

$1,777,500

$1,600,000

+11.0%

16

22

-37.5%

114

93

+22.5%

HALF MOON BAY

$1,299,000

$1,108,500

+17.2%

45

53

-17.7%

131

110

+19.1%

HILLSBOROUGH

$3,700,000

$3,875,000

-4.7%

45

44

+2.2%

121

102

+18.6%

MILLBRAE

$1,610,000

$1,505,400

+6.9%

18

24

-33.3%

140

132

+9.1%

MENLO PARK

$2,275,000

$2,051,000

+10.9%

24

25

-4.1%

299

287

+4.2%

MONTARA

$1,062,500

$972,315

+9.2%

41

40

+2.5%

34

26

+3.1%

MOSS BEACH

$988,500

$1,025,000

-3.7%

76

38

-100.0%

20

21

-5.0%

PACIFICA

$954,000

$875,000

+9.0%

21

23

-9.5%

270

255

+10.8%

PORTOLA VALLEY

$3,050,000

$2,700,000

+12.9%

35

38

-8.5%

71

61

+16.3%

REDWOOD CITY

$1,539,000

$1,405,000

+9.5%

17

23

-29.4%

488

544

-11.4%

REDWOOD SHORES

$1,852,000

$1,725,000

+7.3%

12

25

-108.3%

19

35

-84.2%

SAN BRUNO

$1,069,000

$924,000

+15.6%

18

23

-27.7%

196

226

-15.3%

SAN CARLOS

$1,785,000

$1,672,500

+6.7%

14

17

-21.4%

264

250

+5.6%

SAN MATEO

$1,468,500

$1,302,000

+12.7%

15

19

-26.6%

563

557

+1.0%

SOUTH SAN FRANCISCO

$941,000

$850,000

+10.7%

22

23

-4.5%

259

288

-11.1%

WOODSIDE

$2,425,000

$2,717,500

-12.0%

51

67

-31.4%

66

72

-9.0%


PENINSULA MARKET OVERVIEW

SAN MATEO COUNTY

(Atherton, Belmont, Brisbane, Burlingame, Daly City, East Palo Alto, Foster City, Hillsborough, Half Moon Bay, Millbrae, Menlo Park, Montara, Pacifica, Redwood City, Redwood Shores, San Bruno, San Carlos, San Mateo, South SF, Woodside)

ACTIVITY BY CITY: CONDOMINIUMS MEDIAN SALES PRICE CONDOMINIUMS

2017

2016

+/-

DAYS ON MARKET 2017

2016

+/-

SOLD LISTINGS 2017

2016

+/-

ATHERTON

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

BELMONT

$950,000

$790,500

+20.2%

26

16

+62.5%

27

22

+22.7%

BRISBANE

$905,000

$751,944

+20.5%

30

38

-26.6%

15

22

-46.6%

BURLINGAME

$1,016,000

$960,000

+5.8%

19

24

-26.3%

50

41

+26`.8%

DALY CITY

$615,000

$545,000

+12.8%

21

26

-23.8%

123

147

-19.5%

EAST PALO ALTO

$668,500

$600,000

+11.3%

15

27

-80.0%

14

18

-28.5%

EL GRANDA

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

FOSTER CITY

$1,110,000

$995,000

+1.1%

17

16

+6.2%

139

149

-7.2%

HALF MOON BAY

$632,500

$680,000

-7.6%

19

28

-47.3%

28

31

-10.7%

HILLSBOROUGH

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

MILLBRAE

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

MENLO PARK

$1,350,000

$1,285,000

+5.0%

32

26

+23.0%

81

72

+12.5%

MONTARA

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

MOSS BEACH

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

PACIFICA

$686,000

$650,000

+5.5%

18

29

-61.1%

47

52

-10.6%

PORTOLA VALLEY

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

REDWOOD CITY

$1,040,000

$897,500

+15.9%

17

18

-5.8%

119

90

+32.2%

REDWOOD SHORES

$1,080,000

$1,000,000

+8.0%

13

15

-15.3%

50

59

-18.0%

SAN BRUNO

$425,000

$415,000

+2.4%

16

20

-25.0%

77

89

-15.5%

SAN CARLOS

$942,000

$879,000

+7.1%

14

18

-28.5%

77

73

+5.4%

SAN MATEO

$800,000

$750,000

+6.6%

25

23

+8.6%

348

329

+5.7%

SOUTH SAN FRANCISCO

$645,000

$645,000

+0.0%

23

25

-8.6%

99

109

-10.1%

WOODSIDE

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A


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 A CONTINUED UPWARD TREND.

MEDIAN SALES PRICE

SINGLE-FAMILY HOMES

15.2%

$1,400,,000

SINGLE-FAMILY HOMES $1,200,000

2016 $1.02m

CONDOMINIUMS

$1,000,000 $800,000

10.6%

CONDOMINIUMS $600,000

2014

2015

2016

2017

DAYS ON MARKET UNTIL SALE 50 40 30

SINGLE-FAMILY HOMES

20

CONDOMINIUMS

10

2016

2017

SINGLE-FAMILY HOMES

29

24

20.8%

DAYS 2016

2017 $1.17m

DAYS 2017

CONDOMINIUMS

18

DAYS 2016

15

20.0%

DAYS 2017

2017 $730k 2016 $630k


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

3.2%

120% 115%

2017 106.0% 2016 102.8%

CONDOMINIUMS

110%

SINGLE-FAMILY HOMES

105%

2.2%

CONDOMINIUMS

100%

2016

2017

SOLD LISTINGS 10,500

SINGLE-FAMILY HOMES

8500 6500 4500

CONDOMINIUMS

2500

2016

2017

SINGLE-FAMILY HOMES

10,001

SANTA CLARA COUNTY

10,327 3.2%

CONDOMINIUMS

4,218

4,156 1.5%

LISTINGS

LISTINGS

LISTINGS

LISTINGS

2016

2017

2016

2017

2017 105.8% 2016 103.6%


SOUTH BAY MARKET OVERVIEW

SANTA CLARA COUNTY

(Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Morgan HIll, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga, Sunnyvale)

ACTIVITY BY CITY MEDIAN SALES PRICE SINGLE-FAMILY HOME

2017

2016

+/-

DAYS ON MARKET 2017

2016

+/-

SOLD LISTINGS 2017

2016

+/-

CAMPBELL

$1,337,400

$1,162,500

+15.0%

19

25

-31.5%

358

288

+24.3%

CUPERTINO

$2,100,000

$1,880,000

+11.7%

16

19

-18.7%

230

238

-3.4%

GILROY

$705,000

$669,800

+5.4%

33

42

-27.2%

618

581

+6.3%

LOS ALTOS

$3,010,000

$2,705,000

+11.2%

17

21

-23.5%

323

252

+28.1%

LOS ALTOS HILLS

$3,790,000

$3,850,000

-1.5%

34

47

-38.2%

92

93

-1.0%

LOS GATOS

$1,857,500

$1,566,500

+18.5%

34

45

-32.3%

468

416

+12.5%

MILPITAS

$995,000

$873,000

+13.9%

17

22

-29.4%

274

339

-23.7%

MONTE SERENO

$2,917,500

$2,500,000

+16.6%

46

38

+21.0%

45

33

+36.3%

MORGAN HILL

$920,000

$859,000

+7.1%

33

39

-18.1%

527

462

+14.0%

MOUNTAIN VIEW

$1,989,940

$1,745,000

+13.9%

15

18

-20.0%

228

235

-3.0%

PALO ALTO

$3,000,000

$2,540,000

+18.1%

20

23

-15.0%

337

354

-5.0%

SAN JOSE

$1,000,000

$890,000

+12.3%

19

25

-31.5%

5,386

5,355

+0.6%

SANTA CLARA

$1,260,000

$1,075,000

+17.2%

13

21

-61.5%

599

505

+18.6%

SARATOGA

$2,500,000

$2,351,000

+5.8%

29

37

-27.5%

291

297

-2.0%

SUNNYVALE

$1,735,000

$1,480,000

+17.2%

12

17

-41.6%

551

553

-0.3%

MEDIAN SALES PRICE CONDOMINIUMS

2017

2016

+/-

DAYS ON MARKET 2017

2016

+/-

SOLD LISTINGS 2017

2016

+/-

CAMPBELL

$830,000

$735,000

+12.9%

15

21

-40.0%

117

127

-8.5%

CUPERTINO

$1,200,000

$1,128,000

+6.3%

14

26

-85.7%

88

95

-7.9%

GILROY

$449,600

$422,750

+6.4%

37

31

+19.3%

25

28

-12.0%

LOS ALTOS

$1,565,000

$1,425,500

+9.8%

20

17

+17.6%

46

68

-47.8%

LOS ALTOS HILLS

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

LOS GATOS

$1,100,750

$1,048,500

+4.9%

22

23

-4.5%

104

92

+13.0%

MILPITAS

$790,000

$665,750

+18.7%

19

21

-10.5%

180

180

+0.0%

MONTE SERENO

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

MORGAN HILL

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

MOUNTAIN VIEW

$1,148,000

$1,050,000

+9.3%

13

19

-46.1%

310

322

-3.8%

PALO ALTO

$1,510,000

$1,505,000

+0.3%

18

23

-27.7%

86

100

-16.2%

SAN JOSE

$635,000

$575,000

+10.4%

19

22

-15.7%

2,434

2,436

-0.1%

SANTA CLARA

$768,000

$695,000

+10.5%

14

17

-21.4%

331

338

-2.1%

SARATOGA

$1,160,000

$925,000

+25.4%

16

28

-75.0%

43

48

-11.6%

SUNNYVALE

$1,086,100

$910,000

+19.5%

10

18

-80.0%

313

305

+2.6%


A YEAR IN THE LIFE

MAINSTREAM REAL ESTATE JOINS CLIMB SOUTH BAY

SOUTHERN CHARM’S LANDON CLEMENT’S BECOMES A CLIMBER

REPRESENTING THE AIRSTREAM GOES TO THE BALLPARK

MARK AT THE TECH CONFERENCE


CLIMB CONDOSTORE’S 1ST ANNUAL DOG PARADE

CLIMB OPENS ITS DOOR’S IN WALNUT CREEK

CLIMBER’S WITH BRAD INMAN CLIMB GETS AIRBORNE


BAY AREA 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

201 4th Street, Suite #102 Oakland, CA 94607

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


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