MARKET REPORT
Compliments of MA X APPLEG ARTH K AR A WARRIN
2017 Market Report, 2016 Data | 1
CONTENTS
2017 ANNUAL MARKET REPORT M L S D ATA F O R 2 0 1 6 E VO LU T I O N O F T H E B R A N D
F I R ST IN M A R IN F I R ST IN V I DE O
4 6
TIM E LIN E
8
BAY A R E A SA L E S S U M M A RY
10
BAY A R E A LUXU RY M A R K E T
12
M A RI N C O U N T Y
H IST OR IC SA L E S
14
M A RI N CI T I E S
BE ACH CITI E S 16 BE LV E DE R E 17 CORT E M A DE R A 18 FA I R FA X 19 GR E EN BR A E 20 K ENT F I E L D 21 L A R K SPU R 22 M I L L VA L L E Y 23 NOVAT O 24 RO S S 25 SA N A NSE LMO 26 SA N R A FA E L 27 SAUSA LIT O 28 TI BU RON 29 W E ST M A R IN 30 M A R IN CON D OS
31
SA N F R A N CIS C O
32
W I N E C O U N T RY
SONOM A COU NT Y
38
NA PA COU NT Y
40
E AS T BAY
A L A M E DA COU NT Y
42
CONT R A COSTA COU NT Y
44
S I L I C O N VA L L E Y A N D P EN I N S U L A
2 | 2017 Market Report, 2016 Data
SA N M AT E O COU NT Y
46
SA NTA CL A R A COU NT Y
48
S I G N I F I CA N T SA L E S
50
M A N AG EM EN T T E A M
54
C O N N EC T I N G TO B U Y ERS G LO BA L LY
56
All data courtesy of local MLS
economic growth for the last five years, fueled by technology companies and venture capitalists. By the end of 2016, unemployment fell below 5% for the eight Bay Area counties, with the lowest in San Mateo and Marin, both under 3%, followed by San Francisco, Santa Clara, Sonoma and Alameda counties, all under 4%.
Decker Bullock Sotheby’s International Realty earned the #1 brokerage ranking on every metric: sales volume and units, both on and off market in Marin County. We ranked 3rd among Sotheby’s International Realty affiliates in California and 12th in the United States. In 2016 we celebrated our 25th year providing luxury service to clients at all price points. In 2017 we are excited to expand our area to include Silicon Valley and the Peninsula, in addition to the other Bay Area counties we serve. We are launching this expansion as Golden Gate Sotheby’s International Realty, leveraging the globally recognizable icon that is synonymous with California. This transformation will take place in early 2017, and will increase the visibility of our listings in online media portals by firmly establishing their location within the world, while maintaining the cachet of the Sotheby’s International Realty brand. To complement our expansion, our annual market report now includes eight counties in the greater Bay Area, providing context for each of the local markets. The Bay Area is one of the most desirable places to live in the United States, and Silicon Valley has become a global hub of economic power and influence. Northern California’s economy outpaced the rest of the state and country in
This year, throughout the region, the highest level of single family home appreciation was in Sonoma County at 10%, followed by Marin County at 8%. San Francisco, the East Bay, and Silicon Valley, which experienced a high level of growth in the previous year, tapered in 2016 to levels ranging from 4% to 7%. Low supply resulted in fewer sales in 2016, although prices continued to rise. Nationally, home prices rose 6.5%, the fastest seen since the peak of the housing bubble in 2006-2007. Locally, the positive economic environment— increasing jobs and wages, coupled with low interest rates—makes for an optimistic outlook for Bay Area real estate, provided that sufficient inventory is available for home buyers. We hope you enjoy our market report. All statistical data was provided by the local MLS and may not include off market sales. Sincerely,
MAX APPLEGARTH +1.415.298.7600 m.applegarth@goldengatesir.com
CalBRE# 01423191
KARA WARRIN +1.415.407.7979 k.warrin@goldengatesir.com
CalBRE# 01882747
2017 Market Report, 2016 Data | 3
WE ARE FIRST IN MARIN # 1 BY VO LU M E — ON # 1 BY U NIT S — ON
M A R K ET
M A R K ET
# 1 BY VO LU M E — OF F # 1 BY U NIT S — OF F
M A R K ET
# 1 B RO K ER —LU X U RY # 1 B RO K ER —1,0 0 0+
4 | 2017 Market Report, 2016 Data
M A R K ET M A R K ET
TR A NSACTIONS
2017 Market Report, 2016 Data | 5
FIRST IN PROPERT Y V IDEO V IEWS ON YOUT U BE
24,000,000
SOTH EBY ’S INTER NATIONA L R E A LT Y VS.
190,000
CH R ISTIE’S INTER NATIONA L R E A L ESTATE
650,000
DECK ER BU LL OCK SOTH EBY ’S INTER NATIONA L R E A LT Y VS.
64,000
PACIFIC UNION INTER NATIONA L
6 | 2017 Market Report, 2016 Data
EVOLUTION OF TH E BR A N D M I L E S T O N E S I N A R T S A L E S, R E A L E S TAT E A N D I N N O VAT I O N
Sotheby’s becomes the first auction house to hold sales in Hong Kong.
London bookseller Samuel Baker, founder of Sotheby’s, holds his first auction. To date, Sotheby’s is the oldest luxury brand in the world.
1973
Apple Inc launches the first Macintosh, a revolution in personal computing.
1984
Andy Warhol’s Orange Marilyn sells in New York for $17.3 million.
2007 Apple launches its first iPhone.
1998
1744
1976 Sotheby’s International Realty (SIR) established.
1937 London bookseller Sam Rothchild’s estate auction sets record at £125,262, nearly $8 million today.
8 | 2017 Market Report, 2016 Data
1987 Vincent Van Gough’s Irises sells at auction for $53.9 million, a world record.
Decker Bullock affiliates with Sotheby’s International Realty.
2000 Eriksson launches the first smartphone, the touchscreen R380.
900 year-old Song Dynasty ceramic sells for $8.6 million.
2008
Sotheby’s shatters the world auction record for any work of art when The Scream, Edvard Munch’s iconic painting, sells for $120 million.
SIR sells Texas Ranch listed at $725 million (sale price confidential). SIR Global Expansion
2014
Decker Bullock Sotheby’s International Realty unifies brand in 2017.
SIR integrates video to websites.
2015
2017
2012
2009 Dow Jones Index reaches record low at 6,626 pts, following 2008 housing crisis.
2013
2015
Pink Star diamond was auctioned by Sotheby’s Geneva selling for $83,187,381.
Decker Bullock SIR #12 Globally for Affiliate Transaction Volume, $2 billion.
2016 Decker Bullock SIR opens its ninth office in Marin County, furthering its market share dominance.
Decker Bullock SIR sells record priced Belvedere mansion for $25 million.
2017 Market Report, 2016 Data | 9
BAY A R E A SA LES SUMM A RY CITY/ COUNTY Marin—Homes
# SOLD
MEDIAN PRICE 2016
MEDIAN PRICE 2015
CHANGE (YOY)
AVERAGE PRICE
AVERAGE $/SF
MAXIMUM SALE PRICE
1,951
$1,195,000
$1,105,000
8%
$1,486,843
$658
$13,000,000
Beach Cities
32
$1,812,500
$1,960,000
-8%
$2,434,627
$1,345
$9,500,000
Belvedere
30
$3,291,000
$3,891,500
-15%
$3,541,250
$1,214
$8,224,000
Corte Madera
78
$1,342,500
$1,297,500
3%
$1,478,402
$781
$3,225,000
Dillon Beach
17
$987,500
$748,500
32%
$953,147
$499
$1,380,000
Fairfax
73
$876,000
$819,000
7%
$980,656
$603
$2,935,000
Greenbrae
43
$1,500,000
$1,566,500
-4%
$1,622,041
$743
$2,795,000
Kentfield
55
$2,050,000
$2,187,500
-6%
$2,590,278
$894
$6,495,000
Larkspur
50
$1,761,585
$1,480,000
19%
$1,958,877
$882
$5,525,000
Mill Valley
271
$1,500,000
$1,500,000
0%
$1,732,199
$786
$6,150,000
460
$865,000
$820,500
5%
$947,272
$435
$2,895,000
35
$2,825,000
$3,160,000
-11%
$3,889,963
$1,003
$9,925,000
San Anselmo
146
$1,145,000
$1,097,500
4%
$1,287,999
$659
$3,550,000
San Rafael
445
$1,015,000
$965,000
5%
$1,159,189
$555
$4,255,000
Sausalito
56
$1,887,500
$1,980,000
-5%
$2,059,003
$859
$4,750,000
Tiburon
97
$2,215,000
$2,545,000
-13%
$2,825,928
$934
$13,000,000
West Marin
63
$949,000
$825,000
15%
$1,091,996
$643
$2,945,000
Marin—Condos
616
$592,500
$560,000
6%
$641,982
$490
$2,650,000
2,208
$1,325,000
$1,250,000
6%
$1,708,690
$863
$21,800,000
2,778
$1,080,000
$1,095,000
-1%
$1,233,851
$846
$13,000,000
1,271
$625,000
$599,000
4%
$865,752
$448
$18,100,000
19
$1,585,500
$1,855,000
-15%
$3,020,335
148
$417,500
$388,500
7%
$472,504
$362
$1,055,000
4,448
$580,000
$529,000
10%
$698,707
$389
$15,250,000
45
$1,500,000
$1,512,500
-1%
$1,790,987
657
$328,000
$295,000
11%
$349,725
$299
$835,000
9,972
$775,000
$721,000
7%
$867,753
$493
$20,500,000
10,852
$558,000
$522,850
7%
$718,269
$348
$9,200,000
Santa Clara County—Homes
10,319
$1,020,000
$950,000
7%
$1,292,869
$682
$16,500,000
San Mateo County—Homes
4,182
$1,300,000
$1,250,000
4%
$1,659,362
$822
$34,900,000
Novato Ross
San Francisco—Homes SF—Condo/COOP/TIC/Loft Wine Country Napa County—Homes Napa County—Farm Napa County—Condos Sonoma County—Homes Sonoma County—Farm Sonoma County—Condos
-
-
$10,957,000
$5,550,000
East Bay Alameda County—Homes Contra Costa County—Homes Silicon Valley/Peninsula
*** Beach Cities: Bolinas, Muir Beach, Stinson Beach *** West Marin: Forest Knolls, Inverness, Lagunitas, Marshall, Nicasio, Olema, Pt. Reyes Station, San Geronimo, Tomales, Woodacre
10 | 2017 Market Report, 2016 Data
2017 Market Report, 2016 Data | 11
BAY A R E A LU X U RY M A R K ET
S
otheby’s International Realty is a global leader in luxury residential sales, and our firm has historically sold many of the record-setting homes in Marin and the Bay Area. Silicon Valley continued to be the leader in luxury homes sales. In 2016, San Mateo County had the highest priced home sale at $34,900,000, the highest average price per square foot of any other county at $965/sq. ft., as well as the largest number of home sales between $5-10 million, and over $10 million. Santa Clara County had the largest volume of home sales in the $2-5 million range, with nearly twice as many homes sold as any other county. Sonoma County and Marin County had the overall highest level of appreciation at 10% and 8%, respectively. Most notable in Marin County was appreciation for single family homes in remote Dillon Beach at 32%, desirable Larkspur at 19% and scenic West Marin at 15%.
HIGHEST LUXURY HOME SALE PRICE IN 2016 Alameda $20,500,000 Contra Costa
$9,200,000
Marin $13,000,000 Napa $18,100,000 San Francisco
$21,800,000
San Mateo
$34,900,000
Santa Clara
$16,500,000
Sonoma $15,250,000
12 | 2017 Market Report, 2016 Data
N UM BER OF LU X U RY HOM E SA LES IN 2016 $10+ MILLION Alameda 1 Contra Costa
0
Marin 2 Napa 4 San Francisco
16
San Mateo
30
Santa Clara
9
Sonoma 1
$5–10 MILLION Alameda 3 Contra Costa
5
Marin 36 Napa 14 San Francisco
61
San Mateo
86
Santa Clara
65
Sonoma 10
$2–5 MILLION Alameda 230 Contra Costa
233
Marin 290 Napa 67 San Francisco
638
San Mateo
678
Santa Clara
1117
Sonoma 94
2017 Market Report, 2016 Data | 13
2016 M A R IN SA LES IN SUMM A RY
All Residential Number Sold
2,567
Average Sale Price
$1,284,103
Median Sale Price
$990,000
Average Price/Sq. Ft. $618 Average Square Feet
2,031
Single Family Number Sold
1,951
Average Sale Price
$1,486,843
Median Sale Price
$1,195,000
Average Price/Sq. Ft. $658 Average Square Feet
2,322
Condos Number Sold
616
Average Sale Price
$641,982
Median Sale Price
$592,500
Average Price/Sq. Ft. $490 Average Square Feet
1,307
$250k 1 990 1987 1980 1978 $30k 1965
1970 Median Household Income $12K
14 | 2017 Market Report, 2016 Data
Dow Jones Industrial Avg. Ended at 805.01 Index at End of 2015: 17,425.03
Apple, Inc. IPO at $22.00
Van Gogh’s “Irises”Sells at Auction for $53.9M
M A R IN 1965 –2016 Single Family Home & Condominium Average Sale Price
1965
Average Sale Price $30,710
1978
First year Average Sale Price exceeds $100,000
1999
First year Average Sale Price exceeds $500,000
2005 First year Average Sale Price exceeds $1 million 2007
$1.22m 200 7
$1.2 8 m 201 6
Previous Peak for Marin County at $1,223,678
2009 Precipitous 31% drop to $848,438 2010
Bounce to $904,818
2011
Double Dip to $846,083
2015
Last Year $1,278,938
2016
Average Price $1,284,103
2004 Google IPO Share $85 at Open
2012 Edvard Munch’s “The Scream” Sells at Auction for $119.9M
2000 Gold Price Cumulative Avg. $279.11 /oz. (2016 Cumulative Avg. $1,145.90 /oz.)
$846k 2011
1997 Marin’s Median Home Price $375,000, most expensive in the state
$500k 1 999
2017 Market Report, 2016 Data | 15
BE ACH CITIES*
SINGLE FAMILY HOMES # of Single Family Homes Sold
32
% Change in Sales from 2015
-3%
Minimum Sale Price
$775,000
Median Sale Price
$1,812,500
Average Sale Price
$2,434,627
Maximum Sale Price
$9,500,000
Change in Median Price (Y-o-Y)
-8%
Average Square Feet
1,839
Average Price/Sq. Ft.
$1,345
Average Days on Market
109
Off Market—Number of Sales
11
Off Market—Average Price Sold
$2,222,500
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD
36
#1 BROKER by Volume
32
2014
2013
2012
27
2011
2009
2008
2007
2006
19
24
33
2016
40 28
* Beach Cities: Bolinas, Muir Beach, Stinson Beach
50
2015
51
2010
45
AVERAGE SALE PRICE $3,000,000
$2,400,000
#1 BROKER by Market Share
$1,800,000
$1,200,000
#1 BROKER by Units
$600,000
16 | 2017 Market Report, 2016 Data
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
B E LV E D E R E
SINGLE FAMILY HOMES # of Single Family Homes Sold
30
% Change in Sales from 2015
-21%
Minimum Sale Price
$1,550,000
Median Sale Price
$3,291,000
Average Sale Price
$3,541,250
Maximum Sale Price
$8,224,000
Change in Median Price (Y-o-Y)
-15%
Average Square Feet
2,901
Average Price/Sq. Ft.
$1,214
Average Days on Market
108
Off Market—Number of Sales
3
Off Market—Average Price Sold
$2,604,453
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD
33
2012
39
31
30
2016
2015
2014
22
2013
2008
2007
2006
23
32
2011
31
2009
31
2010
43 36
AVERAGE SALE PRICE
$ 8 , 2 24 ,0 0 0
$7,000,000
Represented the Highest Sale Price
$5,600,000
$4,200,000
6 0%
Representation of Sales Over $5M
$2,800,000 $1,400,000
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
2017 Market Report, 2016 Data | 17
CORTE M A DER A
SINGLE FAMILY HOMES # of Single Family Homes Sold
78
% Change in Sales from 2015
-13%
Minimum Sale Price
$725,000
Median Sale Price
$1,342,500
Average Sale Price
$1,478,402
Maximum Sale Price
$3,225,000
Change in Median Price (Y-o-Y)
3%
Average Square Feet
1,915
Average Price/Sq. Ft.
$781
Average Days on Market
31
Off Market—Number of Sales
6
Off Market—Average Price Sold
$1,284,630
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD 135 121
2015
2014
2016
105
104
2013
2011
99
2010
87
2009
2008
2007
2006
90
107
2012
120
116
107
AVERAGE SALE PRICE
$ 3+MILLION Represented 50% of Sales
4 0%
Representation of Sales Over $2M
$1,500,000
$1,200,000
$900,000
$600,000
$300,000
18 | 2017 Market Report, 2016 Data
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
FA I R FA X
SINGLE FAMILY HOMES # of Single Family Homes Sold
73
% Change in Sales from 2015
-5%
Minimum Sale Price
$500,000
Median Sale Price
$876,000
Average Sale Price
$980,656
Maximum Sale Price
$2,935,000
Change in Median Price (Y-o-Y)
7%
Average Square Feet
1,704
Average Price/Sq. Ft.
$603
Average Days on Market
48
Off Market—Number of Sales
5
Off Market—Average Price Sold
$829,036
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD
94
2015
2014
2016
78
2013
2011
2009
91 76
2012
80 67
65
2008
2007
2006
75
82
2010
103 86
AVERAGE SALE PRICE $1,200,000
$2 ,93 5,0 0 0
$960,000
Represented the Highest Sale Price
$720,000
#1 BROKER
$480,000
Highest Average Sale Price
$240,000
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
2017 Market Report, 2016 Data | 19
GR EENBR AE
SINGLE FAMILY HOMES # of Single Family Homes Sold
43
% Change in Sales from 2015
-12%
Minimum Sale Price
$950,000
Median Sale Price
$1,500,000
Average Sale Price
$1,622,041
Maximum Sale Price
$2,795,000
Change in Median Price (Y-o-Y)
-4%
Average Square Feet
2,224
Average Price/Sq. Ft.
$743
Average Days on Market
32
Off Market—Number of Sales
2
Off Market—Average Price Sold
$2,010,000
ALL RESIDENTIAL COMBINED Single Family Homes & Condos 51
95 74
2014 2015
2014 2013
2013 2012
2012
2011
2010
2009 2010
2009
2008 2008
2007 2007
94
85
84
64
60
2006 2006
95
89
33
26
23
19
95
36
2015
28
2016
40
72
50
# UNITS SOLD
2011
45
AVERAGE SALES PRICE
20 | 2017 Market Report, 2016 Data
2015
2014
2016
2013
2012
2015
2010
2011
2014
2009
2013
2012 2008
2007
2006
2011
$0
2004
$0
2010 2005
$300,000
2006
Representation of Sales Over $2M
$600,000 $1,400,000
2009
5 0%
$900,000 $2,800,000
2003
by Market Share
$1,200,000 $4,200,000
2008 2002
#1 BROKER
$1,500,000 $5,600,000
2001
by Volume
2007 2000
#1 BROKER
AVERAGE SALE PRICE
$7,000,000
KENTFIELD
SINGLE FAMILY HOMES # of Single Family Homes Sold
55
% Change in Sales from 2015
-24%
Minimum Sale Price
$900,000
Median Sale Price
$2,050,000
Average Sale Price
$2,590,278
Maximum Sale Price
$6,495,000
Change in Median Price (Y-o-Y)
-6%
Average Square Feet
2,891
Average Price/Sq. Ft.
$894
Average Days on Market
70
Off Market—Number of Sales
4
Off Market—Average Price Sold
$3,061,250
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD
62
68
2011
2012
81
72 59
2016
2015
2014
2013
40
2009
2008
2007
2006
45
65
2010
81
77 55
AVERAGE SALE PRICE
#1 BROKER by Volume
$3,000,000
$2,400,000
#1 BROKER
$1,800,000
Highest Sale Price
$1,200,000
70%
$600,000
Representation of Sales Over $5M 2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
2017 Market Report, 2016 Data | 21
LGARREKESNP BURRA E SINGLE FAMILY HOMES # of Single Family Homes Sold
50
% Change in Sales from 2015
-6%
Minimum Sale Price
$605,000
Median Sale Price
$1,761,585
Average Sale Price
$1,958,877
Maximum Sale Price
$5,525,000
Change in Median Price (Y-o-Y)
19%
Average Square Feet
2,232
Average Price/Sq. Ft.
$882
Average Days on Market
56
Off Market—Number of Sales
9
Off Market—Average Price Sold
$1,703,333
ALL RESIDENTIAL COMBINED Single Family Homes & Condos 51
28
96 80
62
61
2014
2013
2012 2013
2011 2012
2011
2010
2010
2009 2009
2008
2007 2007
2008
2006
AVERAGE SALES PRICE
57
2015
68
62 52
2006
33
2016
68
2697
23
19
36
2014
40
73
50
# UNITS SOLD
2015
45
AVERAGE SALE PRICE
$7,000,000 $2,000,000 $5,600,000
22 | 2017 Market Report, 2016 Data
2015
2014
2016
2013
2012
2015
2011
2014
2010
2009
2013
2012 2008
2007
2006
2011
2010 2005
2009
2006
$0
2004
$0 2003
$400,000
2008 2002
Highest Sale Price
$800,000 $1,400,000
2001
$5,525,000
$1,200,000 $2,800,000
2007
by Units
$1,600,000 $4,200,000
2000
#1 BROKER
EL LE DY MKIELNL TVFAI L SINGLE FAMILY HOMES # of Single Family Homes Sold
271
% Change in Sales from 2015
-22%
Minimum Sale Price
$440,000
Median Sale Price
$1,500,000
Average Sale Price
$1,732,199
Maximum Sale Price
$6,150,000
Change in Median Price (Y-o-Y)
0%
Average Square Feet
2,254
Average Price/Sq. Ft.
$786
Average Days on Market
52
Off Market—Number of Sales
19
Off Market—Average Price Sold
$1,797,106
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD 391
405
421 321
2015
2014
2013
316
2012
287
2011
258
2010
2008
2007
2006
256
419
2016
393
2009
419
AVERAGE SALE PRICE $1,700,000
#1 BROKER
Highest Average Sale Price Off Market
$1,360,000
$1,020,000
#1 BROKER
$680,000
Represented Highest Priced Off Market Sale
$340,000
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
2017 Market Report, 2016 Data | 23
N O VA T O
SINGLE FAMILY HOMES # of Single Family Homes Sold
460
% Change in Sales from 2015
-14%
Minimum Sale Price
$399,000
Median Sale Price
$865,000
Average Sale Price
$947,272
Maximum Sale Price
$2,895,000
Change in Median Price (Y-o-Y)
5%
Average Square Feet
2,285
Average Price/Sq. Ft.
$435
Average Days on Market
55
Off Market—Number of Sales
37
Off Market—Average Price Sold
$1,009,568
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
#1 BROKER by Off Market Volume
780 680
2015
2012
2016
726
610
2011
571
2010
618
2009
2008
2007
2006
496
563
714
2014
761
750
2013
# UNITS SOLD
AVERAGE SALE PRICE $1,200,000
$960,000
#1 BROKER
by Off Market Sale Price
$720,000
$480,000
$240,000
24 | 2017 Market Report, 2016 Data
2016
2015
2014
2013
2012
2011
2010
2009
2008
$0
2006
Transactions Represented by Our Brokerage
2007
20 0+
ROSS
SINGLE FAMILY HOMES # of Single Family Homes Sold
35
% Change in Sales from 2015
17%
Minimum Sale Price
$975,000
Median Sale Price
$2,825,000
Average Sale Price
$3,889,963
Maximum Sale Price
$9,925,000
Change in Median Price (Y-o-Y)
-11%
Average Square Feet
3,864
Average Price/Sq. Ft.
$1,003
Average Days on Market
73
Off Market—Number of Sales
4
Off Market—Average Price Sold
$5,982,500
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD 42 34
44
44
36 29
28
30
27
35
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
20
AVERAGE SALE PRICE $4,000,000
30%
$3,200,000
Representation of Highest Priced Sales
$2,400,000
$1,600,000
$9,92 5,0 0 0 Highest Sale Price
$800,000
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
2017 Market Report, 2016 Data | 25
SAN ANSELMO
SINGLE FAMILY HOMES # of Single Family Homes Sold
146
% Change in Sales from 2015
-8%
Minimum Sale Price
$500,000
Median Sale Price
$1,145,000
Average Sale Price
$1,287,999
Maximum Sale Price
$3,550,000
Change in Median Price (Y-o-Y)
4%
Average Square Feet
2,024
Average Price/Sq. Ft.
$659
Average Days on Market
54
Off Market—Number of Sales
7
Off Market—Average Price Sold
$1,455,714
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD 243 193
2015
2014
2013
2012
153
2016
166 140
2011
2008
2007
2006
115
137
152
2010
179
2009
166
201
AVERAGE SALE PRICE $1,500,000
$ 3, 5 5 0,0 0 0 Highest Sale Price
#1 BROKER Off Market Sales
$1,200,000
$900,000
$600,000
$300,000
26 | 2017 Market Report, 2016 Data
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$00
S A N R A FA E L
SINGLE FAMILY HOMES # of Single Family Homes Sold
445
% Change in Sales from 2015
-11%
Minimum Sale Price
$500,000
Median Sale Price
$1,015,000
Average Sale Price
$1,159,189
Maximum Sale Price
$4,255,000
Change in Median Price (Y-o-Y)
5%
Average Square Feet
2,147
Average Price/Sq. Ft.
$555
Average Days on Market
51
Off Market—Number of Sales
21
Off Market—Average Price Sold
$1,156,190
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
733
640
2016
706
2015
758
2013
695
2012
603
2011
2009
650
2010
570
488
2008
562
2007
2006
669
2014
# UNITS SOLD
#1 BROKER
AVERAGE SALE PRICE
Highest Average Price and Largest Market Share
$1,000,000
$800,000
$ 4 , 2 5 5,0 0 0
$600,000
Represented the Highest Sale Price
$400,000
9 0%
$200,000
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
Representation of Highest Priced Sales 2017 Market Report, 2016 Data | 27
SAUSA LITO
SINGLE FAMILY HOMES # of Single Family Homes Sold
56
% Change in Sales from 2015
-3%
Minimum Sale Price
$660,000
Median Sale Price
$1,887,500
Average Sale Price
$2,059,003
Maximum Sale Price
$4,750,000
Change in Median Price (Y-o-Y)
-5%
Average Square Feet
2,372
Average Price/Sq. Ft.
$859
Average Days on Market
74
Off Market—Number of Sales
3
Off Market—Average Price Sold
$3,099,333
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD
115
132
131 96
2015
2014
2013
2012
90
2010
2008
2007
2006
2009
77
74
140
129
2016
113
2011
116
AVERAGE SALE PRICE
28 | 2017 Market Report, 2016 Data
2016
2015
2014
2013
2012
$0
2006
by Units
$320,000
2011
#1 BROKER
$640,000
2010
by Market Share
$960,000
2009
#1 BROKER
$1,280,000
2008
by Volume
$1,600,000
2007
#1 BROKER
TIBURON
SINGLE FAMILY HOMES # of Single Family Homes Sold
97
% Change in Sales from 2015
-16%
Minimum Sale Price
$1,050,000
Median Sale Price
$2,215,000
Average Sale Price
$2,825,928
Maximum Sale Price
$13,000,000
Change in Median Price (Y-o-Y)
-13%
Average Square Feet
3,060
Average Price/Sq. Ft.
$934
Average Days on Market
78
Off Market—Number of Sales
5
Off Market—Average Price Sold
$2,730,050
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD 168
159
142 122
116
163
178 158
133
127
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
81
#1 BROKER
AVERAGE SALE PRICE
by Volume
$2,500,000
#1 BROKER by Market Share
$2,000,000
$1,500,000
#1 BROKER
$1,000,000
by Units
$500,000
8 0%
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
Representation of Highest Priced Sales 2017 Market Report, 2016 Data | 29
WEST MARIN
SINGLE FAMILY HOMES # of Single Family Homes Sold
63
% Change in Sales from 2015
-21%
Minimum Sale Price
$345,000
Median Sale Price
$949,000
Average Sale Price
$1,091,996
Maximum Sale Price
$2,945,000
Change in Median Price (Y-o-Y)
15%
Average Square Feet
1,929
Average Price/Sq. Ft.
$643
Average Days on Market
91
Off Market—Number of Sales
3
Off Market—Average Price Sold
$641,833
ALL RESIDENTIAL COMBINED Single Family Homes & Condos
# UNITS SOLD 81
74 66 56
59
59
80
82 63
61
#1 BROKER by Off Market Volume
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
34
AVERAGE SALE PRICE $2,000,000
$1,600,000
HIGHEST Off Market Sale
$1,200,000
$800,000
$400,000
30 | 2017 Market Report, 2016 Data
2016
2015
2014
2013
2012
2011
2010
2009
2008
$0
2006
Represented the Highest Sale Price
2007
$2 ,9 4 5,0 0 0
CONDOMINIUMS
CONDOMINIUMS # of Condos Sold
616
% Change in Sales from 2015
-13%
Minimum Sale Price
$160,841
Median Sale Price
$592,500
Average Sale Price
$641,982
Maximum Sale Price
$2,650,000
Change in Median Price (Y-o-Y)
6%
Average Square Feet
1,307
Average Price/Sq. Ft.
$490
Average Days on Market
56
Off Market—Number of Sales
25
Off Market—Average Price Sold
$742,836
CONDOMINIUMS
675
687
2014
708
2016
616
2015
2010
627
2012
479
2011
493
2009
509
2008
594 508
2007
2006
644
2013
# UNITS SOLD
AVERAGE SALE PRICE $1,000,000
$2 ,6 5 0,0 0 0
$800,000
Highest Sale Price
$600,000
$ 49 0
$400,000
Average Price/Square Foot $200,000
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
2017 Market Report, 2016 Data | 31
SA N FR A NCISCO SA L E S SU M M A RY
S
an Francisco has a history of appreciation that outpaces most of the country. From 2012 to 2017 the average sale price of single family homes has increased 54%, from $1.1 million to over $1.7 million. Condos, TICs, COOPS and Lofts increased over 50% from $818,000 to over $1.2 million in the same five-year period. In 2016, the highest priced single family home sale was $21.8 million, and the highest priced condo sale was $13 million.
S I N G L E FA M I LY H O M E S
# Units Sold % Change in Sales from 2015 Minimum Sale Price
2,208 -3% $365,000
Median Sale Price
$1,325,000
Average Sale Price
$1,708,680
Change in Avg. Sale Price from 2015
4%
Maximum Sale Price
$21,800,000
Average Price/Sq. Ft.
$863
Average Days on Market
33
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold % Change in Sales from 2015 Minimum Sale Price
2,778 -3% $157,140
Median Sale Price
$1,080,000
Average Sale Price
$1,233,851
Change in Avg. Sale Price from 2015
-1%
Maximum Sale Price
$13,000,000
Average Price/Sq. Ft.
$846
Average Days on Market
32 | 2017 Market Report, 2016 Data
39
SALES BY DISTRICT
1
Central Richmond, Inner Richmond, Outer Richmond, Jordan Park / Laurel Heights, Presidio, Lake Street, Sea Cliff, Lone Mountain S I N G L E FA M I LY H O M E S
# Units Sold
180
Average Sale Price
$2,129,167
Maximum Sale Price Average Price/Sq. Ft.
$17,800,000 $863
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
142
Average Sale Price
$1,132,632
Maximum Sale Price
$3,600,000
Average Price/Sq. Ft.
2
$737
Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside S I N G L E FA M I LY H O M E S
# Units Sold
396
Average Sale Price
$1,280,352
Maximum Sale Price
$2,950,000
Average Price/Sq. Ft.
$808
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
52
Average Sale Price
$1,028,462
Maximum Sale Price
$1,855,000
Average Price/Sq. Ft.
$659
2017 Market Report, 2016 Data | 33
SALES BY DISTRICT
3
Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside, Ingleside Heights, Oceanview S I N G L E FA M I LY H O M E S
# Units Sold
193
Average Sale Price
$1,076,696
Maximum Sale Price
$2,100,000
Average Price/Sq. Ft.
$706
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
53
Average Sale Price
$873,458
Maximum Sale Price
$1,424,852
Average Price/Sq. Ft.
4
$647
Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, Saint Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest, Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside, West Portal, Monterey Heights
S I N G L E FA M I LY H O M E S
# Units Sold Average Sale Price Maximum Sale Price Average Price/Sq. Ft.
316 $1,554,928 $4,280,000 $833
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
25
Average Sale Price
$679,181
Maximum Sale Price
$1,355,000
Average Price/Sq. Ft.
34 | 2017 Market Report, 2016 Data
$735
SALES BY DISTRICT
5
Glen Park, Haight Ashbury, Noe Valley, Twin Peaks, Cole Valley/Parnassus Heights, Buena Vista/Ashbury Heights, Castro, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores
S I N G L E FA M I LY H O M E S
# Units Sold
315
Average Sale Price
$2,314,610
Maximum Sale Price Average Price/Sq. Ft.
$6,850,000 $1,080
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
394
Average Sale Price
$1,304,851
Maximum Sale Price
$6,495,000
Average Price/Sq. Ft.
6
$788
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle # Units Sold
35
Average Sale Price
$2,454,343
Maximum Sale Price
$5,500,000
Average Price/Sq. Ft.
$1,054
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
317
Average Sale Price
$1,109,178
Maximum Sale Price
$2,800,000
Average Price/Sq. Ft.
$803
2017 Market Report, 2016 Data | 35
SALES BY DISTRICT
7
Marina, Pacific Heights, Presidio Heights, Cow Hollow
S I N G L E FA M I LY H O M E S
# Units Sold Average Sale Price Maximum Sale Price Average Price/Sq. Ft.
102 $5,706,051 $21,800,000 $1,466
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
295
Average Sale Price
$1,779,259
Maximum Sale Price
$11,750,000
Average Price/Sq. Ft.
8
$951
Downtown, Financial District/Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/Civic Center, Telegraph Hill, North Waterfront, Tenderloin
S I N G L E FA M I LY H O M E S
# Units Sold Average Sale Price Maximum Sale Price Average Price/Sq. Ft.
14 $4,651,421 $9,750,000 $1,389
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
465
Average Sale Price
$1,279,015
Maximum Sale Price
$11,100,000
Average Price/Sq. Ft.
36 | 2017 Market Report, 2016 Data
$904
SALES BY DISTRICT
9
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/Dogpatch
S I N G L E FA M I LY H O M E S
# Units Sold
247
Average Sale Price
$1,496,811
Maximum Sale Price Average Price/Sq. Ft.
$3,795,000 $1,000
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
957
Average Sale Price
$1,163,235
Maximum Sale Price
$13,000,000
Average Price/Sq. Ft.
10
$885
Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter’s Point, Bayview Heights, Candlestick, Little Hollywood
S I N G L E FA M I LY H O M E S
# Units Sold
410
Average Sale Price
$857,333
Maximum Sale Price Average Price/Sq. Ft.
$1,700,000 $632
C O N D O S/C O O P/ T I C/ L O F T S
# Units Sold
78
Average Sale Price
$660,153
Maximum Sale Price
$1,310,000
Average Price/Sq. Ft.
$580
2017 Market Report, 2016 Data | 37
SONOM A COUNT Y 2016 OV ERV IEW SINGLE FAMILY HOMES Number Sold in 2016
4,448
Number Sold in 2015
4,787
Change
-7%
Minimum Sale Price
$75,000
Median Sale Price
$580,000
Average Sale Price
$698,707
Maximum Sale Price
$15,250,000
Change in Median Price (Y-o-Y)
10%
Average Square Feet
1,810
Average Price/Sq. Ft.
$389
Average Days on Market Off Market—Number of Sales Off Market —Average Sale Price
69 163 $835,059
FARMS Number Sold in 2016
45
Number Sold in 2015
52
Change
-13%
Minimum Sale Price
$310,000
Median Sale Price
$1,500,000
Average Sale Price
$1,790,987
Maximum Sale Price
$5,550,000
Change in Median Price (Y-o-Y)
-1%
Average Square Feet
—
Average Price/Sq. Ft.
—
Average Days on Market Off Market—Number of Sales Off Market—Average Sale Price
129 4 $4,137,250
CONDOS Number Sold in 2016
657
Number Sold in 2015
676
Change
-3%
Minimum Sale Price
$164,000
Median Sale Price
$328,000
Average Sale Price
$349,725
Maximum Sale Price
$835,000
Change in Median Price (Y-o-Y)
11%
Average Square Feet
1,183
Average Price/Sq. Ft.
$299
Average Days on Market
51
Off Market—Number of Sales
30
Off Market—Average Sale Price 38 | 2017 Market Report, 2016 Data
$354,567
SONOM A COUNT Y BY A R E A
SINGLE FA MILY, FA R MS, A ND V INEYA R DS # SOLD Annapolis Bodega
MINIMUM
AVERAGE
MAXIMUM
3
$345,000
$430,000
$500,000
SF
$/SF DOM
1501
$212
547
3
$425,000
$853,333
$1,135,000
1771
$469
138
53
$162,500
$894,743
$3,000,000
1963
$458
150
Boyes Hot Springs
1
$680,000
$680,000
$680,000
1256
$541
34
Calistoga
5
$750,000
$1,566,000
$3,700,000
2265
$682
114
Camp Meeker
5
$131,250
$256,450
$358,000
916
$281
129
Bodega Bay
Cazadero
39
$75,000
$406,168
$717,000
1064
$395
82
Cloverdale
152
$230,000
$547,316
$2,269,600
1821
$305
90
78
$300,000
$585,645
$1,300,000
1663
$358
54 166
Cotati Duncans Mills
3
$323,000
$436,917
$500,000
947
$475
El Verano
1
$406,000
$406,000
$406,000
804
$505
15
Forestville
71
$205,100
$521,317
$1,995,000
1321
$377
61
Geyserville
8
$300,000
$2,097,063
$5,550,000
3428
$618
152
Glen Ellen
46
$410,000
$1,392,845
$5,875,000
2195
$617
105
Graton
5
$480,000
$660,800
$855,000
1288
$516
91
Guerneville
120
$100,000
$400,032
$1,045,000
1132
$364
78
Healdsburg
195
$385,000
$1,259,367
$15,250,000
1904
$588
102
Jenner
4
$424,900
$570,725
$755,000
1035
$433
48
Kenwood
24
$475,000
$1,234,438
$3,900,000
1971
$617
103
Monte Rio
28
$210,000
$473,161
$855,000
1086
$477
60
Occidental
8
$515,000
$1,099,748
$2,150,000
2071
$523
224
Penngrove
33
$576,000
$914,182
$1,715,000
2196
$420
97
Petaluma
547
$320,000
$727,558
$3,700,000
1894
$399
53
Rio Nido
3
$317,000
$338,000
$375,000
753
$325
43
269
$330,657
$519,394
$950,000
1697
$316
54
Rohnert Park Santa Rosa
1852
$245,300
$625,496
$6,000,000
1799
$354
65
Sebastopol
221
$430,000
$905,022
$3,200,000
1953
$487
68
Sonoma
330
$330,519
$976,523
$4,499,999
1829
$514
67
Stewarts Point
1
$4,365,000
$4,365,000
$4,365,000
4995
$874
179
The Sea Ranch
100
$256,725
$783,854
$2,800,000
1199
$427
115
Timber Cove
2
$350,000
$775,000
$1,200,000
988
$732
305
Valley Ford
1
$795,000
$795,000
$795,000
1552
$512
105
Villa Grande
2
$131,000
$328,000
$525,000
1078
$279
59
280
$300,000
$631,933
$8,000,000
1894
$335
64
4493
$75,000
$709,646
$15,250,000
1783
$393
70
Windsor GRAND TOTAL
5911
$800,000 5150
5330
6132 5394
5473
5060
ALL RESIDENTIAL COMBINED AVERAGE SALE PRICE
4005
4929
5206
5647
ALL RESIDENTIAL COMBINED # UNITS SOLD
$640,000
$480,000
$320,000
$160,000
2015
2016
2014
2013
2011
2012
2010
2008
2009
2007
2006
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
2017 Market Report, 2016 Data | 39
NA PA COUNT Y 2016 OV ERV IEW SINGLE FAMILY HOMES Number Sold in 2016
1,271
Number Sold in 2015
1,276
Change
0%
Minimum Sale Price
$129,000
Median Sale Price
$625,000
Average Sale Price
$865,752
Maximum Sale Price
$18,100,000
Change in Median Price (Y-o-Y)
4%
Average Square Feet
1,929
Average Price/Sq. Ft.
$448
Average Days on Market Off Market—Number of Sales Off Market —Average Sale Price
87 8 $598,375
FARMS Number Sold in 2016
19
Number Sold in 2015
16
Change
19%
Minimum Sale Price
$270,869
Median Sale Price
$1,585,500
Average Sale Price
$3,020,335
Maximum Sale Price
$10,957,000
Change in Median Price (Y-o-Y)
-15%
Average Square Feet
—
Average Price/Sq. Ft.
—
Average Days on Market Off Market—Number of Sales Off Market—Average Sale Price
251 1 $3,750,000
CONDOS Number Sold in 2016
148
Number Sold in 2015
138
Change Minimum Sale Price Median Sale Price Average Sale Price Maximum Sale Price Change in Median Price (Y-o-Y)
7% $246,000 $417,500 $472,504 $1,055,000 7%
Average Square Feet
1,303
Average Price/Sq. Ft.
$362
Average Days on Market Off Market—Number of Sales Off Market—Average Sale Price 40 | 2017 Market Report, 2016 Data
79 37 $1,447,241
NA PA COUNT Y BY A R E A
SINGLE FA MILY, FA R MS, A ND V INEYA R DS # SOLD
MINIMUM
AVERAGE
MAXIMUM
SF
166
$210,000
$474,823
$725,000
2,065
American Canyon
$/SF DOM $247
74
Angwin
15
$255,000
$2,181,728
$10,957,000
2,491
$763
191
Calistoga
52
$350,000
$1,317,827
$8,500,000
1,950
$598
157
Deer Park
2
$605,000
$1,952,500
$3,300,000
1,395
$1,565
171
Napa
909
$130,000
$805,089
$18,100,000
1,840
$428
81
2
$1,835,000
$2,392,500
$2,950,000
2,347
$1,018
70 122
Oakville Pope Valley
12
$129,000
$285,667
$750,000
1,510
$211
Rutherford
2
$3,000,000
$3,469,000
$3,938,000
2,512
$1,473
174
St. Helena
107
$350,000
$1,799,210
$7,100,000
2,365
$725
125
Yountville
23
$688,333
$1,490,683
$10,200,000
2,047
$654
127
1290
$129,000
$897,486
$18,100,000
1,926
$445
89
GRAND TOTAL
1588 1290
1438
1522
1440
1342
2016
2015
2014
2013
2012
2011
2010
2009
1035
2008
2007
2006
952
1271
1297
1648
ALL RESIDENTIAL COMBINED # UNITS SOLD
ALL RESIDENTIAL COMBINED AVERAGE SALE PRICE $1,000,000
$800,000
$600,000
$400,000
$200,000
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
$0
2017 Market Report, 2016 Data | 41
A L A M EDA COUNT Y OV ERV IEW SINGLE FAMILY HOMES Number Sold in 2016
9,972
Number Sold in 2015
10,518
Change
-5%
Minimum Sale Price
$130,000
Median Sale Price
$775,000
Average Sale Price
$867,753
Maximum Sale Price
$20,500,000
Change in Median Price (Y-o-Y)
7%
Average Square Feet
1,822
Average Price/Sq. Ft.
$493
Average Days on Market
$20, 5 0 0,0 0 0 Highest Sale Price Oakland
$7 91 /SF
Highest Price/Square Foot Piedmont
$2 , 270, 5 6 4
Highest Average Sale Price Piedmont
42 | 2017 Market Report, 2016 Data
22
A L A M EDA COUNT Y BY A R E A SINGLE FA MILY—2016 # SOLD
MINIMUM
AVERAGE
MAXIMUM
SF
325
$325,000
$1,005,156
$2,650,000
1,817
$588
19
90
$580,000
$1,002,757
$1,950,000
1,406
$753
17
Berkeley
538
$455,000
$1,233,786
$4,500,000
1,900
$691
20
Castro Valley
452
$396,500
$763,796
$2,270,000
1,817
$446
25
Dublin
484
$592,000
$1,010,255
$1,955,000
2,432
$441
23
6
$450,000
$745,667
$1,300,000
1,358
$588
21
Fremont
1,321
$300,000
$1,043,751
$3,730,101
1,785
$600
21
Hayward
1,030
$254,000
$601,367
$1,600,000
1,606
$400
23
20
$395,000
$764,700
$1,125,000
2,359
$343
52
1,013
$220,000
$801,980
$3,165,243
1,965
$428
24
Newark
267
$430,000
$762,855
$1,760,000
1,610
$492
22
Oakland
2,528
$130,000
$764,803
$20,500,000
1,645
$472
23
Piedmont
97
$880,000
$2,270,564
$6,200,000
2,947
$791
16
Pleasanton
623
$535,000
$1,243,497
$3,730,000
2,559
$506
23
San Leandro
630
$287,500
$600,959
$1,300,000
1,494
$423
20
San Lorenzo
176
$405,000
$551,819
$782,000
1,357
$421
16
10
$500,000
$1,323,900
$3,500,000
2,927
$487
59
362
$310,000
$792,652
$1,388,000
1,834
$449
19
9,972
$130,000
$867,753
$20,500,000
1,822
$493
22
Alameda Albany
Emeryville
Hayward Highland Livermore
Sunol Union City GRAND TOTAL
$/SF DOM
2017 Market Report, 2016 Data | 43
CONTR A COSTA COUNT Y OV ERV IEW SINGLE FAMILY HOMES Number Sold in 2016
10,852
Number Sold in 2015
11,236
Change
-3%
Minimum Sale Price
85,000
Median Sale Price
558,000
Average Sale Price
718,269
Maximum Sale Price
9,200,000
Change in Median Price (Y-o-Y)
7%
Average Square Feet
2,102
Average Price/Sq. Ft.
$348
Average Days on Market
$9, 20 0,0 0 0 Highest Sale Price Danville
1 , 31 3
Most Homes Sold Antioch
$2 ,016, 875
Highest Average Sale Price Diablo
44 | 2017 Market Report, 2016 Data
26
CONTR A COSTA COUNT Y BY A R E A SINGLE FA MILY HOM ES
# SOLD
MINIMUM
AVERAGE
MAXIMUM
SF
201
$963,500
$1,850,676
$5,775,000
3,682
$522
41
1,313
$120,000
$381,073
$744,500
1,906
$212
20
154
$150,000
$364,888
$710,000
1,514
$253
22
27
$142,000
$363,259
$650,000
1,445
$276
64
1,031
$220,000
$552,466
$1,199,000
2,449
$236
32
10
$179,000
$881,695
$5,000,000
3,547
$237
41
Canyon
1
$744,000
$744,000
$744,000
1,323
$562
-
Clayton
129
$350,000
$774,557
$1,299,000
2,227
$358
27
Concord
1,137
$275,500
$574,850
$3,500,000
1,697
$354
24
Crockett
31
$292,500
$464,642
$609,000
1,565
$309
35
Danville
728
$710,000
$1,363,998
$9,200,000
2,970
$472
31
16
$1,200,000
$2,016,875
$3,375,000
3,611
$584
43
Discovery Bay
308
$324,900
$598,598
$2,750,000
2,529
$245
44
El Cerrito
209
$393,500
$822,983
$1,500,000
1,685
$537
23
El Sobrante
141
$270,000
$513,191
$919,000
1,754
$321
34
Hercules
168
$322,500
$592,488
$1,235,000
2,107
$290
30
Kensington
49
$578,000
$1,087,806
$1,850,000
1,781
$646
18
Knightsen
2
$810,000
$889,500
$969,000
2,115
$420
91
Lafayette
263
$635,000
$1,506,811
$3,900,000
2,638
$589
29
Martinez
459
$250,000
$590,411
$1,775,000
1,693
$363
28
Moraga
107
$685,000
$1,277,116
$2,254,000
2,351
$558
26
Oakley
600
$143,750
$422,408
$870,000
2,019
$224
21
Orinda
229
$750,000
$1,577,527
$4,650,000
2,712
$594
23
18
$350,000
$509,370
$655,000
1,513
$348
25
Pinole
159
$286,800
$504,982
$890,000
1,604
$325
24
Pittsburg
702
$150,000
$432,464
$819,030
1,959
$230
25
Pleasant Hill
290
$375,000
$735,816
$1,950,000
1,721
$442
17
Point Richmond
7
$590,000
$834,571
$1,350,000
1,951
$453
22
Port Costa
6
$295,000
$414,667
$533,000
1,288
$347
54
Richmond
776
$85,000
$451,416
$1,275,000
1,553
$336
26
63
$231,000
$422,464
$550,000
1,492
$298
33
San Pablo
225
$97,100
$383,718
$720,000
1,200
$330
24
San Ramon
717
$520,000
$1,090,707
$2,375,000
2,525
$447
23
Walnut Creek
576
$500,000
$1,079,745
$3,500,000
2,202
$508
20
10,852
$85,000
$718,269
$9,200,000
2,102
$348
26
Alamo Antioch Bay Point Bethel Island Brentwood Byron
Diablo
Pacheco
Rodeo
GRAND TOTAL
$/SF DOM
2017 Market Report, 2016 Data | 45
SA N M ATEO COUNT Y OV ERV IEW SINGLE FAMILY HOMES Number Sold in 2016
4,182
Number Sold in 2015
4,320
Change
-3%
Minimum Sale Price
$270,600
Median Sale Price
$1,300,000
Average Sale Price
$1,659,362
Maximum Sale Price
$34,900,000
Change in Median Price (Y-o-Y)
4%
Average Square Feet
1,974
Average Price/Sq. Ft.
$822
Average Days on Market
$ 3 4 ,9 0 0,0 0 0 Highest Sale Price Atherton
568
Most Homes Sold San Mateo
16 DOM
Fewest Days on Market Belmont
46 | 2017 Market Report, 2016 Data
26
SA N M ATEO COUNT Y BY A R E A SINGLE FA MILY HOM ES
# SOLD
MINIMUM
AVERAGE
MAXIMUM
SF
$/SF DOM
Atherton
70
$1,670,000
$8,276,192
$34,900,000
5,750
$1,460
73
Belmont
195
$935,000
$1,541,241
$2,900,000
1,850
$872
16
Brisbane
38
$430,000
$1,021,468
$1,875,000
1,808
$634
47
168
$1,210,000
$2,159,940
$4,588,000
2,252
$1,004
19
2
$770,000
$785,000
$800,000
1,415
$560
18
Daly City
331
$492,000
$863,550
$1,640,000
1,531
$595
22
East Palo Alto
126
$485,000
$806,433
$2,780,000
1,395
$617
25
El Granada
53
$710,000
$1,095,580
$2,300,000
2,079
$559
27
Foster City
100
$888,000
$1,652,093
$3,008,500
2,058
$813
21
Half Moon Bay
115
$708,000
$1,255,140
$2,700,000
2,410
$550
50
Hillsborough
113
$2,200,000
$4,474,333
$13,150,000
4,284
$1,052
44
19
$270,600
$758,595
$2,200,000
1,457
$551
106
Menlo Park
299
$512,000
$2,383,950
$7,750,000
2,124
$1,143
25
Millbrae
132
$753,744
$1,537,148
$2,928,000
1,877
$848
24
Montara
27
$665,000
$1,204,942
$3,450,000
2,072
$645
36
Moss Beach
25
$749,000
$1,135,400
$2,498,000
2,038
$613
35
260
$550,000
$947,205
$2,200,000
1,588
$641
23
9
$390,000
$1,828,222
$6,875,000
2,235
$690
90
Portola Valley
63
$950,000
$3,023,225
$13,297,500
2,911
$1,051
33
Redwood City
566
$345,000
$1,457,113
$5,575,000
1,782
$855
24
38
$1,020,000
$1,679,375
$2,875,000
1,968
$874
23
San Bruno
234
$510,000
$956,607
$1,615,000
1,471
$682
22
San Carlos
264
$820,000
$1,797,213
$9,800,000
2,007
$935
18
2
$1,840,000
$1,920,000
$2,000,000
2,050
$1,268
65
San Mateo
568
$610,000
$1,406,353
$4,500,000
1,698
$846
19
S. San Francisco
292
$520,000
$901,299
$1,926,600
1,531
$623
21
73
$375,000
$4,046,024
$22,000,000
3,756
$1,076
74
4,182
$270,600
$1,659,362
$34,900,000
1,974
$822
26
Burlingame Colma
La Honda
Pacifica Pescadero
Redwood Shores
San Gregorio
Woodside GRAND TOTAL
2017 Market Report, 2016 Data | 47
SA NTA CL A R A COUNT Y OV ERV IEW SINGLE FAMILY HOMES Number Sold in 2016
10,319
Number Sold in 2015
10,837
Change
-5%
Minimum Sale Price
$125,000
Median Sale Price
$1,020,000
Average Sale Price
$1,292,869
Maximum Sale Price
$16,500,000
Change in Median Price (Y-o-Y)
7%
Average Square Feet
1,947
Average Price/Sq. Ft.
$682
Average Days on Market
$16, 5 0 0,0 0 0 Highest Sale Price Los Altos Hills
5, 529
Most Homes Sold San Jose
$1 , 5 02 /SF
Highest Price/Square Foot Palo Alto
48 | 2017 Market Report, 2016 Data
27
SA NTA CL A R A COUNT Y BY A R E A SINGLE FA MILY HOM ES
# SOLD
MINIMUM
AVERAGE
MAXIMUM
SF
6
$450,000
$629,756
$890,000
1,446
$499
20
Campbell
299
$745,000
$1,237,854
$2,310,000
1,840
$707
24
Cupertino
242
$1,200,000
$1,976,526
$4,149,000
2,077
$1,024
19
Gilroy
597
$125,000
$731,180
$3,315,000
2,206
$346
44
Los Altos
261
$1,075,000
$2,882,837
$7,210,000
2,483
$1,221
20
98
$1,801,000
$4,411,691
$16,500,000
4,117
$1,139
52
Los Gatos
370
$400,000
$1,964,340
$7,588,000
2,572
$815
42
Milpitas
348
$500,000
$929,943
$2,350,000
1,728
$562
22
35
$1,225,000
$2,862,663
$5,650,000
3,333
$927
43
469
$305,527
$949,130
$2,800,000
2,498
$414
38
1
$485,000
$485,000
$485,000
1,438
$337
432
Mountain View
242
$728,000
$1,833,291
$3,660,000
1,741
$1,102
19
Palo Alto
370
$1,200,001
$2,995,624
$11,000,000
2,098
$1,502
23
1
$6,125,000
$6,125,000
$6,125,000
5,797
$1,057
71
5,529
$300,000
$985,961
$3,975,000
1,780
$574
25
San Martin
42
$410,000
$1,081,689
$3,000,000
2,525
$468
76
Santa Clara
523
$611,000
$1,130,964
$2,000,000
1,566
$749
22
Saratoga
307
$1,100,000
$2,509,632
$9,500,000
2,876
$913
38
Stanford
9
$1,900,000
$2,454,444
$3,000,000
2,509
$993
15
570
$725,000
$1,460,287
$2,650,000
1,646
$909
17
10,319
$125,000
$1,292,869
$16,500,000
1,947
$682
27
Alviso
Los Altos Hills
Monte Sereno Morgan Hill Mount Hamilton
Portola Valley San Jose
Sunnyvale GRAND TOTAL
$/SF DOM
2017 Market Report, 2016 Data | 49
SIGNIFIC A NT SA LES
N A PA VA L L E Y
$35,000,000
TIBURON
$12,000,000
TIBURON
$9,100,000
ROSS
$8,175,000
TIBURON
$6,500,000
ROSS
$6,300,000
50 | 2017 Market Report, 2016 Data
SIGNIFIC A NT SA LES
TIBURON
$5,600,000
B E LV E D E R E
$5,500,000
KENTFIELD
$5,400,000
STINSON BE ACH
$5,350,000
STINSON BE ACH
$5,100,000
B E LV E D E R E
$5,000,000
2017 Market Report, 2016 Data | 51
SIGNIFIC A NT SA LES
KENTFIELD
$4,750,000
S A N R A FA E L
$4,255,000
S A N R A FA E L
$3,750,000
M I L L VA L L E Y
$3,675,000
S A N R A FA E L
$3,400,000
S T. H E L E N A
$2,950,000
52 | 2017 Market Report, 2016 Data
SIGNIFIC A NT SA LES
LA R KSPUR
$2,880,000
FA I R FA X
$2,475,000
LA R KSPUR
$2,430,000
GR EENBR A E
$2,240,000
SAN ANSELMO
$2,025,000
N O VA T O
$1,860,000
2017 Market Report, 2016 Data | 53
O U R M A N AG EM EN T T E A M
HEIDI PAY COO/General Manager heidi.pay@sir.com 415.384.4008
MICHAEL COHEN
CYD GARDNER
FRED ANGELI
VP of Sales michael.cohen@sir.com 415.384.3404
VP of Sales cyd.gardner@sir.com 415.384.3422
VP of Sales & Risk Management fred.angeli@sir.com
54 | 2017 Market Report, 2016 Data
415.528.5088
OUR MARIN OFFICES
Belvedere - Tiburon Office
San Rafael Office
10 Beach Rd.
902 Irwin St.
Tiburon, CA 94920
San Rafael, CA 94901
415.435.0700
415.456.1200
Drakes Landing Office
Sausalito Office
500 Drakes Landing Rd.
211 Second St.
Greenbrae, CA 94904
Sausalito, CA 94965
415.464.9300
415.331.9000
Mill Valley Office
Southern Marin Office
78 E. Blithedale Ave.
100 Tiburon Blvd.
Mill Valley, CA 94941
Mill Valley, CA 94941
415.380.4300
415.381.7300
Novato Office
Stinson Beach Office
438 Ignacio Blvd.
3605 Shoreline Hwy. | Box 66
Novato, CA 94949
Stinson Beach CA 94970
415.883.2900
415.868.9200
Ross Valley Office 189 Sir Francis Drake Blvd. Greenbrae, CA 94904 415.461.7200
OUR SILICON VALLEY OFFICES
Menlo Park Office
Palo Alto Office
640 Oak Grove
728 Emerson St.
Menlo Park, CA 94025
Palo Alto, CA 94301
650.847.1141
650.644.3474
2017 Market Report, 2016 Data | 55
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56 | 2017 MarketI NReport, 2016 Data TERNA TION A L R E A LT Y A F F I L I A T E S L L C . E A C H O F F I C E I S I N D E P E N D E N T LY O W N E D A N D O P E R A T E D .