Climb Real Estate's 2017 Q2 Market Report by Climb Real Estate

Q2 MARKET REPORT SAN FRANCISCO • EAST BAY • PENINSULA • SOUTH BAY

IT’S MORE THAN A HOME, IT’S YOUR LIFE. BERNAL HEIGHTS | 1:03 PM

SAN FRANCISCO MARKET OVERVIEW SAN FRANCISCO SALES WERE UP BY 7.4% FOR SINGLE-FAMILY HOMES AND BY 2.7% FOR CONDOS & LOFTS.

MEDIAN SALES PRICE $1,500,000

SINGLE-FAMILY HOMES

7.4%

SINGLE-FAMILY HOMES

$1,300,000

2016 $1.4M

CONDOS & LOFTS

$1,000,000 $800,000

2.7%

$600,000

2014

2015

2016

2017

DAYS ON MARKET UNTIL SALE 60

CONDOS & LOFTS

50 40

SINGLE-FAMILY HOMES

30 20

2014

2015

2016

SINGLE-FAMILY HOMES

30.3 DAYS 2016

2017 $1.5M

27.1 10.6%

DAYS 2017

2017

CONDOS & LOFTS

50.6 DAYS 2016

49.4 2.3%

DAYS 2017

2017 $1.2M 2016 $1.1M

SAN FRANCISCO MARKET OVERVIEW

PRICE PER SQ. FT.

SINGLE-FAMILY HOMES

6.8%

$1,200

CONDOS & LOFTS

$1,000

2017 $924 2016 $865

SINGLE-FAMILY HOMES

CONDOS & LOFTS

$800 $600

3.1%

$400

2014

2015

2016

2017

SOLD LISTINGS 700 600 500

CONDOS & LOFTS

400

SINGLE-FAMILY HOMES

300

2014

2015

2016

SINGLE-FAMILY HOMES

654

624

2017

CONDOS & LOFTS

681

691 1.5%

4.0%

LISTINGS

2016

2017

2016

2017

2017 $1,062 2016 $1,030

SAN FRANCISCO MARKET OVERVIEW

% LIST PRICE RECEIVED

SINGLE-FAMILY HOMES

2.9%

120% 115%

SINGLE-FAMILY HOMES 110% 105%

.02%

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

1.5

2017

CONDOS & LOFTS

3.3

2.0 40.3%

35.2%

2016 113%

CONDOS & LOFTS

2014

2017 116%

MONTHS

2016

2017

2016

2017

2017 105.9% 2016 105.7%

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 “SUMMER” HOME BUYING SEASON” KICKS INTO FULL GEAR.

MEDIAN SALES PRICE

SINGLE-FAMILY HOMES

11.7%

$900,000

SINGLE-FAMILY HOMES

$800,000

2016 $805,940

CONDOS & LOFTS

$700,000 $600,000

11.4%

CONDOS & LOFTS

$500,000

2014

2015

2016

2017

DAYS ON MARKET UNTIL SALE 60 50 40 30

SINGLE-FAMILY HOMES 20

CONDOS & LOFTS 2014

2015

2016

SINGLE-FAMILY HOMES

2017

CONDOS & LOFTS

DAYS

2016

2017 $900,000

2017

2016

2017

2017 $612,000 2016 $550,000

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

0.7%

120% 115%

SINGLE-FAMILY HOMES 105%

0.4%

CONDOS & LOFTS

2014

2015

2016

2017

SOLD LISTINGS SINGLE-FAMILY HOMES

1070 6.2%

2016 106.5%

CONDOS & LOFTS

110%

100%

2017 107.2%

CONDOS & LOFTS

325 4.7%

LISTINGS

Q217

2017 105.1% 2016 105.6%

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 CONTINUE TO BE ON THE RISE AND CONDOS AND TOWNHOMES FLATTENING OUT.

MEDIAN SALES PRICE

SINGLE-FAMILY HOMES

3.5%

$700,000

SINGLE-FAMILY HOMES $600,000 $500,000

CONDOS & TOWNHOMES

1.1%

$300,000

2015

2016

2017

DAYS ON MARKET UNTIL SALE 60 50 40 30

SINGLE-FAMILY HOMES CONDOS & LOFTS

2014

2015

2016

SINGLE-FAMILY HOMES

DAYS

2016

14.0%

2017

CONDOS & TOWNHOMES

DAYS

2016

2016 $630,000

CONDOS & TOWNHOMES

$400,000

2014

2017 $652,115

15%

2017

2017 $445,000 2016 $450,000

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%

2017 102.2% 2016 101.8%

CONDOS & TOWNHOMES

110% 105%

0.3%

SINGLE-FAMILY HOMES CONDOS & LOFTS

100%

2014

2015

2016

2017

SOLD LISTINGS SINGLE-FAMILY HOMES

1201

11.7%

CONDOS & LOFTS

271

15.3%

LISTINGS

Q217

2017 101.8% 2016 101.5%

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 RISE.

MEDIAN SALES PRICE $1.400,000

SINGLE-FAMILY HOMES

7.5%

SINGLE-FAMILY HOMES

$1,200,000 $1,000,000 $800,000

10.4%

$600,000

2015

2016

2017

DAYS ON MARKET UNTIL SALE 60 50 40 30

SINGLE-FAMILY HOMES CONDOS & LOFTS

2016

2017

SINGLE-FAMILY HOMES

20 DAYS 2016

8.7%

DAYS 2017

2016 $1,325,000

CONDOS & TOWNHOMES

CONDOS & LOFTS

2014

2017 $1,425,000

CONDOS & TOWNHOMES

DAYS 2016

18 16.5%

DAYS 2017

2017 $846.000 2016 $766,000

PENINSULA MARKET OVERVIEW

% LIST PRICE RECEIVED

SINGLE-FAMILY HOMES

2.3%

120% 115% 110%

SINGLE-FAMILY HOMES 105%

0.6%

CONDOS & LOFTS

2016

2017

SOLD LISTINGS 500

SINGLE-FAMILY HOMES

400 300 200

CONDOS & LOFTS 100

2016

2017

SINGLE-FAMILY HOMES

463

10.5%

2017 108.6% 2016 106.1%

CONDOS & TOWNHOMES

100%

418

SAN MATEO COUNTY

CONDOS & TOWNHOMES

120

131

7.4%

LISTINGS

2016

2017

2016

2017

2017 105.3% 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 A CONTINUED UPWARD TREND.

MEDIAN SALES PRICE

SINGLE-FAMILY HOMES

12%

$1,400,,000

SINGLE-FAMILY HOMES $1,200,000

2016 $1,050,000

CONDOS & TOWNHOMES \

$1,000,000 $800,000

9.6%

CONDOS & LOFTS $600,000

2014

2015

2016

2017

DAYS ON MARKET UNTIL SALE 60 50 40 30

SINGLE-FAMILY HOMES CONDOS & LOFTS

2016

2017

SINGLE-FAMILY HOMES

DAYS 2016

2017 $1,171,000

16.4%

DAYS 2017

CONDOS & TOWNHOMES

DAYS

2016

10.3%

2017

2017 $740,000 2016 $675,000

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

2.4%

120% 115%

2017 105.9% 2016 103.5%

CONDOS & LOFTS

110%

SINGLE-FAMILY HOMES

105%

0.6%

CONDOS & LOFTS

100%

2016

2017

SOLD LISTINGS 1100

SINGLE-FAMILY HOMES 900 700

CONDOS & LOFTS

500 300

2016

2017

SINGLE-FAMILY HOMES

1045

SANTA CLARA COUNTY

1156

10.6%

CONDOS & TOWNHOMES

398

448

12.6%

LISTINGS

2016

2017

2016

2017

2017 105% 2016 104.3%

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 Tisch Way San Jose, CA 95128

AIRSTREAM On Location Bay Area, CA

WALNUT CREEK Coming Soon

415.431.8888 info@climbrealestate.com climbrealestate.com