Q1 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
23.8%
$1,800,000
2017 $1.3m
SINGLE-FAMILY HOMES
$1,600,000
CONDOS & LOFTS
$1,400,000
CONDOS & LOFTS
$1,200,000
4.6%
$1,000,000
2017
2018
DAY ON MARKET UNTIL SALE 60
CONDOS & LOFTS
50 40 30
SINGLE-FAMILY HOMES 20
2017
2018
SINGLE-FAMILY HOMES
40
26
DAYS
DAYS
2017
2018 $1.6m
-34.3%
2018
CONDOS & LOFTS
58
52
-10.5%
DAYS 2017
DAYS 2018
2018 $1.2m 2017 $1.1m
SAN FRANCISCO MARKET OVERVIEW
PRICE PER SQ. FT.
SINGLE-FAMILY HOMES
12.2%
$1,200
CONDOS & LOFTS
$1,000
SINGLE-FAMILY HOMES $800
8.7%
$400
2018
SOLD LISTINGS 600
CONDOS & LOFTS 500 400
SINGLE-FAMILY HOMES
300 200
2017
2018
SINGLE-FAMILY HOMES
390
384
CONDOS & LOFTS
539
2017 $876/ft 2
CONDOS & LOFTS
$600
2017
2018 $983/ft 2
548 1.7%
1.5%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 $1,112/ft 2 2017 $1,023/ft 2
SAN FRANCISCO MARKET OVERVIEW
% LIST PRICE RECEIVED
SINGLE-FAMILY HOMES
4.2%
120%
SINGLE-FAMILY HOMES
115%
2017 111.5%
CONDOS & LOFTS
110%
CONDOS & LOFTS
105%
1.6%
100%
2017
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
2018 116.1%
1.3
CONDOS & LOFTS
2.6
36.6%
1.7
37.1%
MONTHS
MONTHS
MONTHS
2017
2018
2017
MONTHS 2018
2018 105.4% 2017 103.7%
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 WHILE OVER ALL SALES ACTIVITY MODESTLY DECREASED.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
15.9%
SINGLE-FAMILY HOMES
$900,000 $800,000 $700,000
CONDOS & LOFTS
$600,000
11.3%
2018
DAY ON MARKET UNTIL SALE 25 20
SINGLE-FAMILY HOMES
15
CONDOS & LOFTS
10 5
2017
2018
SINGLE-FAMILY HOMES
26
DAYS 2017
CONDOS & LOFTS
18
17
15
DAYS
DAYS
DAYS
30.7%
2018
2017
2017 $819k
CONDOS & LOFTS
$500,000
2017
2018 $950k
11.7%
2018
2018 $640k 2017 $575k
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
3.9%
120% 115%
SINGLE-FAMILY HOMES
110%
CONDOS & LOFTS
3.8%
100%
2017
2018
SOLD LISTINGS 1,000
SINGLE-FAMILY HOMES
800 600 400
CONDOS & LOFTS
200
2017
2018
SINGLE-FAMILY HOMES
808
CONDOS & LOFTS
283
1.2%
2018 110.3% 2017 106.4%
CONDOS & LOFTS
105%
818
ALAMEDA COUNTY
254 10.3%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 108.1% 2017 104.3%
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 ON A HIGH NOTE, WHILE CONDOS IN THE AREA SAW SLIGHT PRICE INCREASE.
MEDIAN SALES PRICE
SINGLE-FAMILY HOMES
12.1%
$700,000
SINGLE-FAMILY HOMES
2018 $650k 2017 $580k
$600,000
CONDOS & LOFTS
$500,000
CONDOS & LOFTS $400,000
1.3%
$300,000
2017
2018
DAY ON MARKET UNTIL SALE 25
SINGLE-FAMILY HOMES
20 15
CONDOS & LOFTS
10 5
2017
2018
SINGLE-FAMILY HOMES
29
DAYS 2017
CONDOS & LOFTS
23
24
DAYS
DAYS
20.7%
2018
13
45.8%
2017
DAYS 2018
2018 $451k 2017 $445k
EAST BAY MARKET OVERVIEW
% LIST PRICE RECEIVED
(ALAMO, BLACKHAWK, CLAYTON, CONCORD, DANVILLE, DIABLO, EL CERRITO, LAFAYETTE, MARTINEZ, MORAGA, ORINDA, PLEASANT HILL, SAN RAMON WALNUT CREEK)
SINGLE-FAMILY HOMES
1.5%
104%
CONDOS & LOFTS 103%
2018 103.2% 2017 101.7%
CONDOS & LOFTS
102% 101% 100%
2.6%
SINGLE-FAMILY HOMES 2017
2018
SOLD LISTINGS 1,000
SINGLE-FAMILY HOMES 800 600 400
CONDOS & LOFTS
200
2017
2018
SINGLE-FAMILY HOMES
921
CONTRA COSTA COUNTY
903
CONDOS & LOFTS
264
1.9%
234 11.4%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 103.8% 2017 101.2%
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
20.1%
SINGLE-FAMILY HOMES
$1,600,000 $1,400,000
$1,000,000
12.4%
CONDOMINIUMS
$800,000
2017
2018
DAYS ON MARKET UNTIL SALE 25 20 15
SINGLE-FAMILY HOMES
10
CONDOMINIUMS
5
2017
2018
SINGLE-FAMILY HOMES
DAYS 2017
2017 $1.34m
CONDOMINIUMS
$1,200,000
23
2018 $1.61m
CONDOMINIUMS
15
23
DAYS
DAYS
34.8%
2018
2017
9
60.8%
DAYS 2018
2018 $933k 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
6.5%
120% 115%
SINGLE-FAMILY HOMES CONDOMINIUMS
110%
7.1%
100%
2017
2018
SOLD LISTINGS 500 400 300
SINGLE-FAMILY HOMES
200 100
CONDOMINIUMS 2017
2018
SINGLE-FAMILY HOMES
336
CONDOMINIUMS
119
2.4%
2018 113.3% 2017 106.8%
CONDOMINIUMS
105%
328
SAN MATEO COUNTY
118 0.1%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 111.8% 2017 104.7%
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
28.3%
SINGLE-FAMILY HOMES $1,400,000 $1,200,000
CONDOMINIUMS $800,000
28.0%
$600,000
2018
DAYS ON MARKET UNTIL SALE 50 40 30 20
SINGLE-FAMILY HOMES
10
CONDOMINIUMS 2017
2018
SINGLE-FAMILY HOMES
23
16
30.4%
DAYS 2017
DAYS 2018
2017 $1.13m
CONDOMINIUMS
$1,000,000
2017
2018 $1.45m
CONDOMINIUMS
24
DAYS 2017
12
50.0%
DAYS 2018
2018 $900k 2017 $703k
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
7.8%
120% 115%
2018 112.4% 2017 104.6%
CONDOMINIUMS
110%
SINGLE-FAMILY HOMES
105%
11.7%
CONDOMINIUMS
100%
2017
2018
SOLD LISTINGS 1,000
CONDOMINIUMS
800 600 400
SINGLE-FAMILY HOMES
200
2017
2018
SINGLE-FAMILY HOMES
368
SANTA CLARA COUNTY
314
CONDOMINIUMS
821
14.7%
857 4.3%
LISTINGS
LISTINGS
LISTINGS
LISTINGS
2017
2018
2017
2018
2018 116.1% 2017 104.4%
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. CalBRE #01902137