2019
2018 DATA
ANNUAL MARKET REPORT SAN FRANCISCO BAY AREA
2019 Market Report, 2018 Data | 1
CONTENTS OUR BRAND
W E A R E G OL DEN G AT E SI R
4
P OW E R OF T H E BR A N D
6
H IST ORY OF INNOVATION
8
S F BAY A R E A H O US I N G M A R K E T
10
S F BAY A R E A SA L E S S U M M A RY
16
S F BAY A R E A LUXU RY M A R K E T
18
SA L E S BY C O U N T Y
2 | 2019 Market Report, 2018 Data
SA N F R A NCISCO
20
A L A M E DA COU NT Y
24
CONT R A COSTA COU NT Y
26
M A R IN COU NT Y
28
NA PA COU NT Y
30
SA N M AT E O COU NT Y
32
SA NTA CL A R A COU NT Y
34
SA NTA CRUZ COU NT Y
36
SOL A NO COU NT Y
38
SONOM A COU NT Y
40
S I G N I F I CA N T SA L E S
42
All data courtesy of local MLS
2019 ANNUAL MARKET REPORT M L S D ATA F O R 2 0 1 8
W
elcome to our 2019 Annual Market Report — an in-depth look at what happened in the San Francisco Bay Area residential real estate market over the past year. In the pages ahead, you will find that 2018 saw a drop in the number of sales and rising prices, across the board. We begin this report with an introduction to our brokerage and the power of our brand, highlighting significant milestones at Golden Gate Sotheby’s International Realty in this past year, including over $3.7 billion in total sales volume in 2018 and our expansion into Wine Country in Q2. We also trace the evolution of the company alongside developments in innovation and technology here in the San Francisco Bay Area as we continue to lead the industry in cutting-edge innovation and property marketing. Diving into the data, our comprehensive market report begins with economic and real estate commentary presented by our partners at the Rosen Consulting Group (RCG). The report focuses primarily on detached single family homes, with added coverage of the luxury home market, and the significant condominium market in San Francisco. All data is sourced from the local Multiple Listing Service (MLS) organizations and is thoroughly cleaned by our data experts. Median Sales Price: 2017 vs. 2018
Number of Sales: 2017 vs. 2018 12,000
9,000
$1,600K Contra Costa Santa Clara Alameda
San Francisco San Mateo Marin Santa Clara
$1,200K
Alameda Santa Cruz 6,000
$800K Solano Sonoma San Mateo
3,000
0 2017
San Francisco Marin Santa Cruz Napa 2018
$400K
$0K 2017
Napa Sonoma Contra Costa Solano
2018
2019 Market Report, 2018 Data | 3
W HO W E A R E Our brokerage provides luxury service at every price point. We are local experts with a global reach, showcasing your property to the widest audience to achieve the highest price. We are the top Sotheby’s International Realty Affiliate in Northern California, serving all ten counties of the San Francisco Bay Area with 500+ connected agents.
#1 SOTH EBY ’S INTER NATIONA L R E A LT Y A F FILI ATE IN NORTH ER N C A LIFOR NI A
500 AGENTS
4 | 2019 Market Report, 2018 Data
$3.7
BILLION SA LES VOLUM E IN 2018
22
OF FICES
WINE COUNTRY REGION NAPA
NOVATO
MARIN COUNTY REGION
EAST BAY REGION
SAN RAFAEL ROSS VALLEY STINSON BEACH
GREENBRAE MILL VALLEY BELVEDERE - TIBURON SAUSALITO
NORTH BERKELEY
LAFAYETTE
BERKELEY OAKLANDMONTCLAIRPIEDMONT
DANVILLE
SAN FRANCISCO
SILICON VALLEY REGION MENLO PARK WOODSIDE
PALO ALTO
LOS ALTOS 2019 Market Report, 2018 Data | 5
POW ER OF TH E BR A N D T R U S T E D TO S E L L YO U R M O S T VA L U E D A S S E T
SOTHEBY ’S Sotheby’s Auction House has over 200 years of history selling our clients’ treasures. Our association with the brand ensures stellar representation, brings cachet to your property and allows us access to affluent buyers around the world.
S O T H E B Y ’ S I N T E R N AT I O N A L R E A LT Y With our distinguished global referral network we can find qualified buyers or quality agents for your next purchase from around the globe. Our listings achieve maximum sale price.
950
22,000
70
OF FICES
SA LES A SSOCI ATES
COUNTR IES
118M
58M
2.5M
A NN UA L PAGE
YOUT U BE
AV ER AGE MONTH LY
V IEWS SIR .COM
V IDEO V IEWS
V ISITS SIR .COM
6 | 2019 Market Report, 2018 Data
2019 Market Report, 2018 Data | 7
T H E S A N F R A NCI S C O B AY A R E A & S O T H E BY ’ S I N T E R N AT ION A L R E A LT Y A BR IEF HIST ORY
Golden Gate Bridge 50th Anniversary
Napa Valley wineries win “Judgment of Paris”
Gold discovered in California
Davies Symphony Hall completed in San Francisco Apple Computer founded in Cupertino
A’s win “Bay Bridge Series” over SF Giants
Misión San Francisco de Asís and El Presidio Real de San Francisco established in Yerba Buena
1744 1776
1848
Samuel Baker, founder of Sotheby’s, holds first sale at the Exeter Exchange
Macintosh computer launched
French Laundry opens in Yountville
1976
1978
Sotheby’s International Realty founded
The roots of Golden Gate Sotheby’s
Inaugural Burning Man gathering at Baker Beach
1980
1982
1984
1986
1989
Van Gogh’s Irises sells for record $53.9 million Decker Bullock in Marin County
International Realty run deep in the San Francisco Bay Area. Formed in 2017 from companies that trace their origins to the 1980s and ’90s, the brokerage is part of a brand heritage that dates from 1744.
Better Homes & Gardens in Alameda County
United California Brokers in Contra Costa County Campi Properties in Los Altos
Image credits: Exeter Exchange image ©Westminster City Library, Victoria. San Francisco Mission from Southern Methodist University, Central University Libraries, DeGolyer Library. AT&T Park photo by Coasttocoast available under Creative Commons Attribution-Share Alike license.
8 | 2019 Market Report, 2018 Data
Sotheby’s International Realty YouTube Channel launches
Tesla founded in Palo Alto
Google founded in Menlo Park
First Tweet
49ers win Super Bowl for 5th time in a dozen years
1998
2001
Andy Warhol’s Orange Marilyn sells for $17.3 million in New York
Giants win World Series for 3rd time in 5 years
2005
2007
Sotheby’s International Realty global expansion
Warriors win NBA Championship for 3rd time in 4 years
America’s Cup comes to Bay Area
First iPhone
2003
SIR launches augmented reality (AR) app Curate
Uber founded in San Francisco
YouTube founded in San Bruno PacBell Bark (now Oracle) opens in San Francisco
1995
Launch of Sotheby’s International Realty AppleTV app
2009
2013
2015
Pink Star diamond auctioned by Sotheby’s Geneva for $83,187,381
2018
Banksy’s $1.4m Girl with Balloon self-shreds live at Sotheby’s auction
Dreyfus Properties in Palo Alto
Golden Gate Sotheby’s International Realty unites Bay Area brokerages under one company Heritage Sotheby’s International Realty in Napa
Heritage
2019 Market Report, 2018 Data | 9
SAN FRANCISCO BAY AREA HOUSING MARKET BROAD JOB GROWTH Job growth across a broad range of industries supported strong overall employment in the Bay Area, with knowledge-economy industries fueling a significant portion of overall job creation. Bay Area employment growth reached a strong pace of 2.3% year-over-year as of November 2018, the most recently available data, compared with an annual average growth rate of 2.5% the previous two years and 1.7% nationally. Payrolls increased by nearly 94,000 jobs within the last 12 months. The professional and business services sector, which contains much of the technology-related employment in the Bay Area, led absolute job gains with 32% of total job creation. The professional and business services sector increased by 4% year-over-year, or 30,000 jobs, almost double the annual growth of the prior year.
10 | 2019 Market Report, 2018 Data
Strong demographic trends supported elevated hiring in the demographically-driven educational and health services sector, which expanded by 2.7% year-over-year and added the second highest number of jobs at close to 17,000. Robust business activity and tourism supported strong job gains in the leisure and hospitality sector and expansion among technologyrelated industries drove elevated hiring in the information services sector, which both added between 10,000 and 11,000 jobs within the last year. Office-using employment, which contains traditional industries and much of the techrelated employment, added close to 41,000 jobs in the last year, the most in three years. The trade and other services sectors were the only two employment sectors that did not add jobs within the last year. Looking ahead, we expect the Bay Area to remain a tech epicenter. The availability of a
Note: Difference in total single family home sales in 2018 vs. 2017. Sources: MLS Listings, RCG
Change in Bay Area Employment
(Based on employees using office space, in thousands) 100 73.9 50 8.2 0
32.7
21.8
45.7
55 38.6
56.1
45.2
38.2 10
0.5
19.7 17.7 16.5
12.2
48.6 40.7 39.2 43 23.6 27.9
-0.8 -19.3
-50
-26.3
-51.3
-100 -119.7
92 19 93 19 94 19 95 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18
19
Median Home Prices Generally Increased in Q4 2018 Compared to Q4 2017 5.5%
Napa
19
91
-150
-56.8
5.3%
Solano
Sources: BLS, RCG
Job growth is likely to continue in the near term at a slower pace compared with recent years given that the tight labor market may limit hiring. Furthermore, there are some headwinds stemming from the tech industry that could result in slower job growth in the next few years. A combination of stock market volatility, global trade tensions and a diverse set of political and geopolitical risks could discourage investment and delay many IPOs. Further increases in business costs could also prompt renegotiations and potentially soften payroll growth. Additionally, there is risk of a global economic slowdown that could further limit hiring. Although there is risk of weaker payroll growth in the near term, a significant amount of allocations from VC funding is expected to support many companies during a slowing period and temper job losses, thereby supporting housing demand in the Bay Area.
2
4.9%
Contra Costa
large number of high-wage career options and expansive innovation network should keep highly-educated talent in the area, despite declining affordability. As a result, tech-related expansion should continue as companies remain and move into the market to take advantage of the large highly-skilled talent pool.
2
4.1%
Santa Cruz
SLOWINGMarin SALES
3.9%
Alameda An accumulation of many 3.0% factors resulted in 2.8% Total Bay Area a slowdown in the Bay Area housing market, 0.7%the second half of the San Francisco particularly through 0.7% Mateo year. ASan combination of factors such as declining -2.0%family aff Santa Clara single ordability, rising mortgage -3.0% changes in Sonoma rates, the tax code and stock market volatility pushed some potential buyers out of Note: Difference in total single family home sales in Q42018 vs. Q42017. Sources: MLS Listings, the market. AsRCG a result, the number of homes sold slowed and inventory increased.
Sales Decreased in Every County in 2018 Santa Clara
-868
Contra Costa
-648
Solano
-487
Alameda
-378
Sonoma
-315
San Mateo
-142 -64
Marin
-54
San Francisco
-48
Napa
-37
Santa Cruz
Note: Difference in total single family home sales in 2018 vs. 2017. Sources: MLS Listings, RCG
Change in Bay Area Employment
Market Report, 2018 Data | 11 (Based on employees using office2019 space, in thousands)
-
-
A significant slowdown in sales activity in recent months resulted in fewer homes being sold in the Bay Area in 2018 compared with the year prior. There was a total of 50,556 homes sold in 2018 compared with 53,597 homes sold in 2017, a decline of 5.7%. After steady year-over-year increases in the total number of homes sold from February through May, the number declined almost every month thereafter, with the most significant annual declines in September, November and December.
SLOWING YEAR-END APPRECIATION NORMALIZES MARKET The median home price increased across most counties in the Bay Area in the fourth quarter of 2018 compared with the same quarter in 2017. The median home price increased the most in Napa and Solano counties, by 5.5% and 5.3%, respectively. In Contra Costa, Marin and Santa Cruz counties, the median home price increased between 3.9% and 5%. Median home price grew moderately in Alameda County by 3%, and increased by just 0.7% in both San Mateo and San Francisco counties. The median home price contracted in Santa Clara and Sonoma counties by 2% and 3%, respectively. Median Home Prices Generally Increased in Q4 2018 Compared to Q4 2017 5.5%
Napa
5.3%
Solano
4.9%
Contra Costa Santa Cruz
4.1%
Marin
3.9% 3.0%
Alameda
2.8%
Total Bay Area San Francisco
0.7%
San Mateo
0.7%
-2.0% -3.0%
Santa Clara Sonoma
Note: Difference in total single family home sales in Q42018 vs. Q42017. Sources: MLS Listings, RCG
12 | 2019 Market Report, 2018 Data
Sales Decreased in Every County in 2018
UPPER-END SALES STRONG Although total home sales slowed, sales at the upper-end of the market generally remained strong through most of the year. The number of homes sold above $3 million totaled 1,937 in 2018, an increase of 21.7% from the prior year. The counties with the largest increases within this price category were Alameda, Contra Costa, Sonoma and Santa Clara. Although there were not as many transactions in this price category in Alameda, Contra Costa and Sonoma counties compared with other traditionally higher-priced counties in the Bay Area, this increase in sales activity among higher-priced homes reflects strong housing demand. As prices continued to rise in higher-priced counties, more people looked to these counties for more affordable housing options, thereby pushing up home prices and spurring elevated levels of sales activity for higher-priced homes. In the entire Bay Area there were 9,277 homes sold between $1.5 and $3 million in 2018, an increase of 14.5% from the previous year. Counties with the largest increase in the number of homes sold within this price category include Solano, Napa, Sonoma, Alameda and San Francisco. However, similarly to overall sales activity, annual sales activity in both of these price categories declined towards the end of the year. Fewer Lower-Priced Homes Sold in 2018
A HEALTHY 25%OUTLOOK 20% 21.7% The Bay Area median home price increased 15% by 10.8% year-over-year to $942,000 in 2018. 14.5% However, median home price growth slowed 10% steadily in the 5% later part of 2018, with double < $1.5m digit annual growth the first three quarters of Total 0% $1.5m $3.0m + the year, followed by 2.8%â&#x20AC;&#x201C;$3.0m growth year-over-5.7% -5% year as of the fourth quarter. Additionally the -10.4% -10% fourth quarter median home price of $905,000 in 2018 was -15% 3.7% less than in the third quarter, whereas the Note: median home price increased by Difference in total single family home sales in 2018 vs. 2017. Sources: MLS Listings, RCG 3.5% between the third and fourth quarter in 2017. A slowdown in median home price growth
Median Home PricesaGenerally is largely result of Increased less competition in the in Q4 2018market Compared to Q4 2017 given that there are fewer transactions
Fewer Lower-Priced Homes Sold in 2018
and greater inventory. In fact, average days on 5.5% market increased significantly by 15.1% year5.3% Solano over-year to 38.8 days as of the fourth quarter 4.9% Contra Costa 2018. Napa
25% 20% 15%
4.1%
Santa Cruz
Marin LOOKING
3.9% AHEAD
5%
The Bay Area 2.8% should remain a strong housing market despite the recent softening in home sales 0.7% San Francisco and deceleration in median home price growth. 0.7% San Mateo Although inventory is rising, compared with -2.0% Santa Clara prior periods, the number of homes available for Sonoma -3.0% sale is still very low. Additionally, as inventory rises, it will alleviate ordability concerns Note: Difference in total single family home sales in Q42018 aff vs. Q42017. Sources: MLS Listings, RCG somewhat, as there would be more choices and greater mobility in the market. After many years of robust home price growth that resulted in dramatic declines in housing affordability, a more sustainable pace of price growth will allow Sales Decreased in Every County in 2018 for more transactions to occur in the market, Santa Clara -868 whereas a resumption of double-digit growth moreCosta households out of the -648 would likely pushContra market and signifi cantly stifle the number of Solano -487 transactions. Alameda -378
0%
Total Bay Area
-315
14.5%
10%
3.0%
Alameda
21.7%
< $1.5m
-5% -10%
Total $1.5m â&#x20AC;&#x201C;$3.0m
$3.0m + -5.7%
-10.4%
-15% Note: Difference in total single family home sales in 2018 vs. 2017. Sources: MLS Listings, RCG
boost the number of transactions, creating a healthier housing market overall. Additionally, if volatility in the stock market and the perception of risk regarding macroeconomic and political issues continues, this may culminate in a flood of money into the US bond market as investors seek safety, resulting in lower yields and a lower 10-year treasury rate. If this were to occur, the mortgage rate may stabilize or even lower, which would also boost transactions in the Bay Area housing market. Furthermore, after tax season is finished, many households that were waiting to see what the impact of the tax code changes would be may decide to enter into the housing market if the impact was not as detrimental to their finances as previously perceived.
Sonoma
As a result of the strong network of innovation San Mateo -142 companies in the Bay Area and continued income Marin -64 growth, there should be a strong base of demand in -54 San Francisco the Bay Area moving forward. A larger inventory -48 Napa of homes for sale to choose from and a slower Santa Cruz -37 pace of home price growth should eventually Note: Difference in total single family home sales in 2018 vs. 2017. Sources: MLS Listings, RCG
Change in Bay Area Employment
About Rosen Consulting (Based on employees using office space, Group in thousands) Rosen Consulting Group was founded in 1990 by Dr. Kenneth T. Rosen. Today, Rosen and Arthur Margon are the partners and active managers of the firm consisting of 18 research professionals. Educational backgrounds include 100 PhDs, MBAs, and graduate and undergraduate degrees in real estate, planning, finance, public policy, and economics. 73.9 In addition to 55 serving as Chairman of RCG, Dr. Rosen is Chairman of56.1 the Fisher48.6 Center for Real Estate and Urban 45.7 45.2 43 50 40.7 39.2University 38.6 38.2 at the Economics Emeritus at the Haas School of Business of California, Berkeley. Dr. 32.7 and Professor 23.6 27.9 21.8 19.7 books 17.7 16.5 Rosen has authored over 100 articles and four on real estate and real estate finance. 12.2 10 8.2 0
0.5
-0.8 -19.3
-50
-51.3
-26.3 -56.8
-100 -119.7
2019 Market Report, 2018 Data | 13 91
19
19
92 19 93 19 94 19 95 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18
-150
S A N F R A NCI S C O B AY A R E A M E DI A N S A L E S PR IC E S : 19 91-2 018 Graph shows the 12-month rolling average of the median sales price for existing single family detached homes in the nine Bay Area counties. the rolling average smooths out seasonal variations to give a clear picture of long term trends.
$800,000
Source: California Association of Realtors
$600,000
Dotcom bubble peaks
$400,000
1991
1992
1993
1994
14 | 2019 Market Report, 2018 Data
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2
2005
High $1,088,000 May 2018 Market Peak $789,250 May 2007 Subprime bubble bursts
9Y ea rs
Gr ow th
Market Trough $321,110 Feb 2009
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019 Market Report, 2018 Data | 15
SAN FRANCISCO BAY AREA SALES SUMMARY 16 | 2019 Market Report, 2018 Data
SF BAY A R E A R E SI DENT I A L SA L E S SU M M A RY · 2018 District
Average Sale Price Median Sale Price 2018
±%
High Sale
2018
±%
2018
Avg Price/SF 2018
±%
# of Sales 2018
±%
DOM 2018
±%
San Francisco Single Family
$1,973,789
11.1%
$1,600,000
13.1%
$32,000,000
$994
8.1%
2,207
-2.4%
24
-15.5%
Condo, Loft, etc.
$1,325,802
2.50%
$1,200,000
4.3%
$11,000,000
$1,113
6.2%
2,964
3.2%
33
-12.6%
$1,035,698
9.2%
$935,000
9.4%
$12,000,000
$593
10.2%
9,774
-3.7%
21
-7.3%
$684,381
12.2%
$660,000
11.9%
$2,750,000
$563
10.4%
3,328
-8.1%
20
-1.1%
Single Family
$834,348
6.9%
$650,000
6.6%
$12,250,000
$406
7.3%
10,480
-5.8%
27
-0.6%
Condo
$540,291
8.4%
$485,000
6.6%
$2,405,000
$432
8.1%
2,842
-6.0%
22
-8.1%
$1,684,205
4.6%
$1,355,000
8.0%
$21,400,000
$733
4.1%
2,178
-2.9%
47
-9.8%
$731,152
7.5%
$669,000
11.5%
$3,800,000
$568
5.8%
597
-9.5%
49
-0.5%
$1,056,274
10.8%
$710,000
5.2%
$30,000,000
$509
12.4%
1,209
-3.8%
79
-12.6%
$550,805
5.9%
$515,000
10.8%
$1,295,000
$459
11.2%
140
-7.3%
52
-13.9%
Single Family
$1,958,225
12.2%
$1,575,000
10.5%
$23,500,000
$992
9.9%
4141
-3.3%
21
-3.5%
Condo
$1,039,822
16.6%
$942,000
14.9%
$3,898,000
$823
12.5%
1,230
-10.9%
18
-16.3%
$1,622,022
12.0%
$1,335,000
13.6%
$19,500,000
$864
14.4%
9,808
-8.1%
20
-2.7%
$953,511
18.5%
$887,750
21.6%
$3,200,000
$750
19.2%
3,834
-10.9%
17
-4.0%
$1,005,463
6.6%
$885,000
5.4%
$9,400,000
$596
7.1%
1,807
-2.0%
37
-8.4%
$612,212
7.6%
$599,500
8.7%
$1,442,500
$533
7.2%
434
-10.0%
39
11.4%
Single Family
$482,933
9.6%
$445,000
8.5%
$11,480,000
$274
8.7%
4,562
-9.6%
48
-4.2%
Condo
$303,579
12.5%
$290,000
13.7%
$740,000
$266
12.4%
405
-10.6%
40
-7.7%
$834,034
7.1%
$669,975
6.3%
$8,000,000
$462
7.9%
4,390
-6.7%
60
-6.2%
Alameda Single Family Condo Contra Costa
Marin Single Family Condo Napa Single Family Condo San Mateo
Santa Clara Single Family Condo Santa Cruz Single Family Condo Solano
Sonoma Single Family Condo Bay Area SFH Bay Area Condo Bay Area All Residential
$425,720
8.1%
$400,000
8.4%
$975,000
$358
7.7%
590
-17.3%
50
0.0%
$1,184,182
10.0%
$942,000
10.8%
$32,000,000
$619
10.4%
50,556
-5.7%
31
-5.7%
$845,208
12.0%
$738,144
13.6%
$11,000,000
$675
12.6%
16,364
-7.3%
25
-5.7%
$1,101,292
10.5%
$875,000
10.8%
$32,000,000
$633
10.9%
66,920
-6.1%
30
-5.6%
Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 17
LUXURY MARKET SALES SUMMARY 18 | 2019 Market Report, 2018 Data
S A N F R A NC I S C O B AY A R E A LU X U RY M A R K E T 2018 saw a surge in luxury sales, with nearly 50% more sales in the over $10 million range compared with last year — 66 in 2018, up from 45 in 2017. The $4-6 million and $6-10 million ranges also saw significant growth, at 23% and 27% respectively. This was at a time when overall sales declined by almost 6%, looking across all price ranges. The highest priced sale this year was a fourlevel Mediterranean classic, originally built in 1924, in the Pacific Heights neighborhood of San Francisco. It sold for $32 million after only 22 days on the market. The second highest sale in the Bay Area was the nearly 8,000-acre Santa Angelina Ranch in Napa County, which went for $30 million. The highest sale in San Mateo County was represented by Golden Gate Sotheby’s International Realty — a magnificent 12,200± square foot $23.5 million estate in Atherton.
Santa Clara County’s highest sale price was a new build construction in Palo Alto on Old Adobe Road for $19.5 million. Golden Gate Sotheby’s International Realty represented both sides of the transaction. Marin County saw the sale of the iconic Bill Graham property in Corte Madera. The 13,000+ square foot home designed by architect Sim Van der Ryn sold for $21.4 million, represented by Sotheby’s International Realty. In Mill Valley, 33 Escalon set a record sale price for the city at $11.46 million, represented by Golden Gate Sotheby’s International Realty agents. Golden Gate Sotheby’s International Realty serves the Bay Area luxury home market with exclusive access to the largest international “Luxury MLS” – sir.com. The site allows buyers from around the world to locate the best homes in the Bay Area and beyond.
Luxury Home Sales by Price Range $4-6m
$6-10m
244
65
Santa Clara
San Mateo 145 San Francisco
80
Marin
57
68 38 25
$10m+ 11
30
20
Sonoma Contra Costa
11
$32,000,000
5
$21,400,000 $30,000,000
6
$8,000,000
17 3 1
$12,250,000
Alameda 5 3 1
$12,000,000
Santa Cruz 8 1
$9,400,000
Solano 1 0
$19,500,000 $23,500,000
13 9 6
Napa
High Sale
$11,480,000 100
200
300
2019 Market Report, 2018 Data | 19
SA N FR A NCISCO
SAN FRANCISCO SINGLE FAMILY SF SFH
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average $1,700K
2013
2014
2015
2016
2017
2018
$1,510,000 $1,275K $850K $425K
n
Ja
O ct
20 13 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 800
2013
2014
710 628 636
2015
675
641
600 467
400
2016
428
598
2017
654
638
571
363
650
631
2018
669
597 626
610 528
388
400
200
O ct
20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 1 Ja 6 n 20 1 Ap 7 r2 01 Ju 7 l2 01 7 O ct 20 1 Ja 7 n 20 1 Ap 8 r2 01 Ju 8 l2 01 8 O ct 20 18
0
20 | 2019 Market Report, 2018 Data
S A N F R A NC I S C O S A L E S BY DI S T R IC T · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City District 1
2018 $2,289,925
±%
Median Sale Price 2018
8.2%
$2,000,612
±% 5.3%
High Sale
Avg Price/SF
2018
2018
$9,000,000
$995
±%
# of Sales 2018
±%
DOM 2018
7.2%
190
15.9%
23
±% -24.4%
District 2
$1,526,937
8.7%
$1,450,000
9.4%
$3,995,000
$968
8.5%
382
-5.0%
20
-11.1%
District 3
$1,288,949
9.5%
$1,250,000
13.5%
$2,600,000
$872
13.5%
149
-9.1%
27
-12.5%
District 4
$1,895,923
12.2%
$1,735,000
10.2%
$4,600,000
$974
3.3%
324
7.3%
23
8.6%
District 5
$2,544,593
0.1%
$2,302,500
-0.1%
$9,700,000
$1,235
5.8%
322
2.5%
24
-16.0%
District 6
$2,891,024
3.9%
$2,740,000
8.1%
$5,800,000
$1,084
-1.1%
41
17.1%
30
-5.6%
District 7
$5,904,942
9.1%
$4,730,000
-1.5%
$32,000,000
$1,499
5.0%
99
2.1%
32
-21.3%
District 8
$4,697,908
41.5%
$3,564,875
42.7%
$16,500,000
$1,316
18.5%
23
-4.2%
37
-22.8%
District 9
$1,783,457
8.9%
$1,617,500
6.2%
$4,995,000
$1,063
2.6%
240
-8.7%
21
-16.3%
District 10
$1,082,109
13.8%
$1,050,000
14.1%
$1,950,000
$773
10.7%
437
-11.9%
26
-23.2%
San Francisco Co.
$1,973,789
11.1%
$1,600,000
13.1%
$32,000,000
$994
8.1%
2207
-2.4%
24
-15.5%
DI S T R IC T 1
Central Richmond, Inner Richmond, Outer Richmond, Jordan Park/Laurel Heights, Presidio, Lake Street, Sea Cliff, Lone Mountain
DI S T R IC T 2
Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside
DI S T R IC T 3
Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside, Ingleside Heights, Oceanview
DI S T R IC T 4
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
DI S T R IC T 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
DI S T R IC T 6
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle
DI S T R IC T 7
Marina, Pacific Heights, Presidio Heights, Cow Hollow
DI S T R IC T 8
Downtown, Financial District/ Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/ Civic Center, Telegraph Hill, North Waterfront, Tenderloin
DI S T R IC T 9
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/ Dogpatch
DI S T R IC T 10
Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter’s Point, Bayview Heights, Candlestick, Little Hollywood
Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 21
SAN FRANCISCO CONDOS SF Condos
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013
$1,300K
2014
2015
2016
2017
2018
$1,200,000
$975K $650K $325K
n
Ja
O ct
20 13 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 1 Ja 7 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D
4 quarter rolling average
1000
2013
2014
907
866
750
2015
812
2016
2017
864 762 682
668 583
757
590
900
833
823
748 742 734 567
2018
627
637
711 716
500 250
Ja
O ct
20 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 1 Ja 5 n 20 1 Ap 6 r2 01 Ju 6 l2 01 6 O ct 20 1 Ja 6 n 20 1 Ap 7 r2 01 Ju 7 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
0
22 | 2019 Market Report, 2018 Data
S A N F R A NC I S C O S A L E S BY DI S T R IC T · 2 018 C ON D O/C O OP/ T IC/ L OF T Average Sale Price City
2018
±%
Median Sale Price 2018
±%
High Sale
Avg Price/SF
2018
2018
±%
# of Sales 2018
±%
DOM 2018
±%
District 1
$1,345,068
10.2%
$1,280,000
8.9%
$3,100,000
$977
8.4%
163
41.7%
25
-9.8%
District 2
$1,147,787
15.3%
$1,222,500
28.7%
$1,685,000
$941
15.0%
56
80.6%
26
-25.0%
District 3
$1,000,268
7.0%
$845,000
-0.6%
$1,550,000
$838
11.8%
34
-19.0%
28
-22.3%
District 4
$894,628
10.9%
$875,000
20.7%
$1,725,000
$785
-1.2%
51
18.6%
36
-1.6%
District 5
$1,425,914
3.8%
$1,409,000
5.7%
$3,729,000
$1,149
7.5%
442
3.5%
22
-18.5%
District 6
$1,243,723
1.7%
$1,245,000
3.8%
$3,300,000
$1,078
6.5%
282
-6.3%
37
10.4%
District 7
$1,730,535
-6.7%
$1,500,000
-4.8%
$8,501,000
$1,239
3.3%
289
-7.7%
25
-12.9%
District 8
$1,339,683
-1.9%
$1,090,000
-0.9%
$11,000,000
$1,152
1.1%
481
-1.6%
43
-6.1%
District 9
$1,272,142
7.9%
$1,135,000
6.3%
$10,900,000
$1,151
9.2%
1085
5.8%
36
-16.8%
District 10
$749,985
8.4%
$785,000
13.8%
$1,475,000
$702
14.7%
81
-5.8%
43
-26.0%
$1,325,802
2.5%
$1,200,000
4.3%
$11,000,000
$1,113
6.2%
2964
3.2%
33
-12.6%
San Francisco Co.
DI S T R IC T 1
Central Richmond, Inner Richmond, Outer Richmond, Jordan Park/Laurel Heights, Presidio, Lake Street, Sea Cliff, Lone Mountain
DI S T R IC T 2
Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside
DI S T R IC T 3
Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside, Ingleside Heights, Oceanview
DI S T R IC T 4
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
DI S T R IC T 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
DI S T R IC T 6
Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle
DI S T R IC T 7
Marina, Pacific Heights, Presidio Heights, Cow Hollow
DI S T R IC T 8
Downtown, Financial District/ Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/ Civic Center, Telegraph Hill, North Waterfront, Tenderloin
DI S T R IC T 9
Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront/ Dogpatch
DI S T R IC T 10
Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter’s Point, Bayview Heights, Candlestick, Little Hollywood
Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 23
ALAMEDA COUNTY Alameda County
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013
$1,000K
2014
2015
2016
2017
2018
$891,000
$750K $500K $250K
Ja
O ct
20 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 3200
2013
2014
3059 2844 2538
2717
2015 3146
2016
3070 2630
2884 2909
2017
2576
2880 2838
2018
2633
3008 2685 2295
2400 1851
1770
1757
1801
1786
1600 800
O ct
20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
0
24 | 2019 Market Report, 2018 Data
A L A M E DA C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City
2018
±%
Alameda
$1,132,368
3.8%
Albany
$1,093,443
Berkeley
$1,409,149
Castro Valley Dublin Emeryville
Median Sale Price 2018
±%
$1,080,000
2.9%
-3.5%
$1,025,000
6.6%
$1,300,000
High Sale 2018
Avg Price/SF 2018
±%
$3,200,000
$662
4.7%
-3.3%
$1,970,000
$864
6.8%
$4,030,000
$790
# of Sales 2018
±%
373
0.5%
4.7%
87
7.6%
544
DOM 2018
±%
18
-3.6%
14.5%
18
-9.6%
-3.0%
22
5.9%
$916,817
9.1%
$870,000
6.2%
$3,500,000
$526
8.9%
430
-12.2%
20
-12.9%
$1,106,318
6.0%
$1,079,372
6.9%
$2,163,888
$504
8.4%
436
-11.2%
19
-21.7%
$879,000
14.6%
$760,000
7.0%
$1,310,000
$631
0.3%
7
0.0%
13
-29.3%
Fremont
$1,333,407
14.9%
$1,228,500
17.0%
$12,000,000
$759
15.0%
1240
-9.4%
20
-1.3%
Hayward
$776,548
14.2%
$705,950
10.3%
$2,250,000
$484
9.3%
1014
-7.0%
24
-4.8%
$929,411
5.3%
$825,000
5.0%
$3,950,000
$499
10.5%
983
0.8%
20
-8.8%
Newark
$993,757
17.3%
$970,000
17.6%
$1,548,000
$669
19.0%
320
2.9%
18
-8.2%
Oakland
$901,670
10.1%
$795,000
11.2%
$3,498,000
$563
9.0%
2409
-0.8%
25
-7.7%
Piedmont
$2,472,260
12.8%
$2,300,000
10.2%
$7,120,000
$855
3.9%
96
-22.6%
17
8.0%
Pleasanton
$1,395,890
5.3%
$1,250,000
9.6%
$5,100,000
$599
11.4%
683
1.6%
22
-15.5%
Livermore
San Leandro
$711,652
8.3%
$690,000
7.8%
$1,200,000
$505
10.5%
628
1.6%
18
-7.7%
San Lorenzo
$667,695
10.4%
$672,500
9.3%
$860,000
$516
5.3%
192
1.6%
20
11.2%
$1,526,883
16.4%
$1,000,000
11.1%
$3,075,000
$681
12.6%
9
-35.7%
103
-13.2%
Union City
$1,027,624
16.1%
$1,002,000
16.5%
$1,690,000
$574
16.5%
323
-11.7%
18
-6.0%
Alameda Co.
$1,035,698
9.2%
$935,000
9.4%
$12,000,000
$593
10.2%
9774
-3.7%
21
-7.3%
Sunol
C ON D O S Average Sale Price Alameda Co.
$684,381
12.2%
Median Sale Price $660,000
11.9%
High Sale $2,750,000
Avg Price/SF $563
10.4%
# of Sales 3328
-8.1%
DOM 20
-1.1%
Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 25
CONTRA COSTA COUNTY Contra Costa
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average $700K
2013
2014
2015
2016
2017
2018
$638,000
$525K $350K $175K
n
Ja
O ct
20 13 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 3400
2013
2014
2015 3330
2941 2966 2504
2474
2550
1922
2019
2016
3246
2017
3144 3083
2669 2014
2018
3193
3198 3162
2700 2076
2692 2059
2931 2297
1700 850
Ja n
O ct
20 13 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
0
26 | 2019 Market Report, 2018 Data
C ON T R A C O S TA C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City Alamo
2018 $1,959,883
±%
Median Sale Price 2018
6.3%
$1,700,000
±%
High Sale 2018
3.5%
$6,000,000
Avg Price/SF 2018
# of Sales
±%
2018
DOM
±%
$574
3.4%
201
2018
0.0%
38
±% 8.7%
Antioch
$454,414
6.5%
$450,000
5.9%
$900,000
$263
12.1%
1211
-2.4%
21
1.6%
Bay Point
$468,692
16.4%
$450,500
14.1%
$800,000
$299
8.5%
180
20.0%
27
20.7%
Bethel Island
$475,076
16.3%
$528,500
30.5%
$775,000
$323
21.5%
30
7.1%
53
-37.7%
Brentwood
$636,724
7.3%
$610,000
6.1%
$4,250,000
$273
8.9%
1003
-4.5%
34
-9.7%
Byron
$784,757
73.2%
$799,000
92.5%
$1,150,000
$392
41.3%
7
0.0%
50
34.5%
Canyon
$571,000
*
$571,000
*
$571,000
$489
*
1
*
9
*
Clayton
$849,030
3.7%
$833,500
2.9%
$1,350,000
$399
4.9%
138
-2.1%
24
-15.7%
Concord
$652,944
6.1%
$630,000
7.2%
$1,600,000
$407
5.0%
1071
-8.0%
24
8.9%
Crockett
$554,539
17.3%
$531,000
8.4%
$900,000
$354
17.8%
32
-25.6%
41
30.5%
Danville
$1,501,671
4.9%
$1,377,700
3.7%
$4,395,000
$529
5.5%
697
-8.8%
32
4.9%
Diablo
$2,313,861
-16.5%
$1,785,000
-35.4%
$4,900,000
$577
-4.9%
20
81.8%
59
-19.3%
$656,981
3.3%
$600,000
4.3%
$1,600,000
$265
4.5%
312
-5.7%
49
8.5% -5.2%
Discovery Bay El Cerrito
$989,737
5.7%
$950,000
6.1%
$1,805,000
$623
4.5%
194
-13.0%
19
El Sobrante
$625,590
12.9%
$610,000
13.0%
$1,200,500
$385
15.9%
116
-15.3%
30
0.0%
Hercules
$682,878
7.4%
$678,000
8.5%
$1,188,000
$333
7.5%
190
31.0%
26
-31.9%
Kensington
$1,213,039
3.5%
$1,172,500
4.1%
$1,825,000
$609
-8.7%
56
-20.0%
22
4.1%
Knightsen
$1,054,800
56.2%
$1,099,000
77.0%
$1,350,000
$302
-11.2%
5
25.0%
74
16.1%
Lafayette
$1,743,985
7.6%
$1,487,500
3.1%
$7,800,000
$687
7.2%
297
-5.1%
25
-16.4%
Martinez
$690,439
5.2%
$650,000
5.7%
$3,100,000
$408
5.6%
409
-17.5%
30
4.5%
Moraga
$1,483,657
6.9%
$1,400,000
3.7%
$3,500,000
$590
4.4%
131
-21.1%
20
-31.2%
Oakley
$501,347
5.5%
$490,000
6.5%
$989,000
$263
7.7%
582
0.0%
26
13.0%
Orinda
$1,730,060
7.0%
$1,539,000
1.6%
$12,250,000
$638
4.5%
281
15.6%
35
20.1%
$604,971
10.9%
$599,988
12.6%
$815,000
$392
1.5%
25
-10.7%
19
-12.1%
Pacheco Pinole
$610,194
9.3%
$590,000
9.3%
$1,081,000
$394
12.1%
164
-1.8%
27
10.5%
Pittsburg
$473,051
4.3%
$450,000
4.7%
$829,000
$283
11.3%
550
-23.2%
27
23.3%
Pleasant Hill
$850,245
8.1%
$824,900
7.8%
$1,890,000
$509
5.1%
323
4.9%
21
11.2%
†
†
†
†
Point Richmond
†
†
†
†
†
†
†
Port Costa
$719,000
35.9%
$719,000
35.9%
$719,000
$384
-8.5%
1
0.0%
37
-75.3%
Richmond
$565,592
16.2%
$540,000
19.7%
$1,749,000
$425
13.5%
798
-1.7%
25
-11.6%
Rodeo
$519,617
11.8%
$540,000
17.4%
$681,250
$372
14.0%
60
-24.1%
21
-30.2%
San Pablo
$471,897
12.7%
$462,500
11.4%
$730,000
$407
14.7%
196
-1.5%
27
-8.1% -25.1%
San Ramon
$1,242,539
6.4%
$1,205,000
9.4%
$2,800,000
$507
8.0%
661
-11.9%
19
Walnut Creek
$1,184,139
4.2%
$1,137,500
3.4%
$2,450,000
$565
4.8%
538
-3.4%
23
5.2%
$834,348
6.9%
$650,000
6.6%
$12,250,000
$406
7.3%
10480
-5.8%
27
-0.6%
Contra Costa Co.
C ON D O S Average Sale Price Contra Costa Co.
$540,291
8.4%
Median Sale Price $485,000
6.6%
High Sale $2,405,000
Avg Price/SF $432
8.1%
# of Sales
DOM
2842
22
-6.0%
-8.1%
*No sales recorded for 2017. †No sales recorded for 2018. Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 27
MARIN COUNTY Marin
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013
$1,500K
2014
2015
2016
2017
2018
$1,322,500 $1,125K $750K $375K
Ja
O ct
20 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 800
2013
2014
775
400
2017
726 615
526 513
520 383
2018
741
714 635
529 417
2016
721 623
558
600
2015
341
335
607
551
491 356
200
O ct
20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 1 Ja 5 n 20 1 Ap 6 r2 01 Ju 6 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
0
28 | 2019 Market Report, 2018 Data
M A R I N C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City
2018
±%
Median Sale Price 2018
±%
High Sale 2018
Belvedere
$3,791,815
-12.8%
$3,225,000
-4.4%
Avg Price/SF
# of Sales
2018
±%
$10,000,000
$1,230
-6.6%
2018
DOM
±%
42
2018
±%
40.0%
95
17.3%
Bolinas
$1,553,656
-50.0%
$1,349,500
-25.6%
$3,400,000
$1,138
-7.8%
16
23.1%
94
-14.5%
Corte Madera
$1,907,692
20.2%
$1,475,000
0.7%
$21,400,000
$848
1.8%
60
-32.6%
41
37.8%
Dillon Beach
$1,015,375
-50.2%
$941,000
1.2%
$2,150,000
$501
-64.1%
16
-5.9%
132
-0.2%
Fairfax
$1,131,062
10.0%
$995,000
8.2%
$3,900,000
$630
-2.1%
79
-6.0%
31
-30.9%
$778,950
-12.1%
$850,000
4.1%
$1,015,000
$532
17.9%
10
0.0%
45
-26.3%
$1,780,053
-3.4%
$1,673,475
-0.9%
$3,190,000
$767
-1.1%
47
17.5%
42
18.1%
Forest Knolls Greenbrae Inverness
$1,297,643
-6.2%
$1,215,000
-9.7%
$2,750,000
$739
11.1%
23
76.9%
56
-30.3%
Kentfield
$2,603,416
-8.0%
$2,475,000
-3.3%
$7,400,000
$938
5.9%
73
4.3%
38
-32.2%
Lagunitas
$925,000
31.4%
$815,000
1.5%
$1,350,000
$560
24.6%
8
0.0%
60
2.8%
Larkspur
$2,020,332
-1.6%
$1,860,000
1.9%
$6,550,000
$976
7.0%
67
-6.9%
38
-4.4%
Marshall
$1,375,000
35.3%
$1,375,000
44.7%
$1,450,000
—
—
2
-60.0%
138
-11.5%
Mill Valley
$1,977,920
10.9%
$1,685,000
8.5%
$11,460,000
$879
9.1%
338
5.6%
36
-31.8%
Muir Beach
$1,681,250
-13.5%
$1,657,500
-13.9%
$2,060,000
$978
30.1%
4
0.0%
35
84.2%
Nicasio
$2,116,429
4.5%
$1,750,000
-1.4%
$4,600,000
$689
26.6%
7
75.0%
130
-61.5% -0.8%
Novato
$1,071,509
8.2%
$965,000
9.6%
$2,800,000
$500
7.4%
447
-15.7%
47
Olema
$1,019,000
*
$1,019,000
*
$1,019,000
$523
*
1
*
52
*
Pt. Reyes Station
$1,585,000
29.3%
$1,550,000
79.3%
$2,350,000
$1,673
181.3%
6
50.0%
123
39.2%
Ross
$3,523,061
5.8%
$2,550,000
-2.3%
$10,125,000
$1,078
7.4%
36
-12.2%
48
-19.2%
San Anselmo
$1,491,026
3.9%
$1,335,000
3.9%
$4,150,000
$728
2.3%
177
14.2%
33
-18.8%
$1,713,125
102.1%
$1,730,000
104.1%
$2,400,000
$572
26.2%
8
300.0%
84
201.8%
$1,333,106
5.5%
$1,179,000
6.2%
$6,866,500
$623
4.3%
507
5.8%
41
-9.1%
San Geronimo San Rafael Sausalito
$2,337,517
17.4%
$1,988,000
10.4%
$6,750,000
$958
7.0%
51
-34.6%
78
1.3%
Stinson Beach
$2,393,421
-12.7%
$2,350,000
-2.1%
$4,125,000
$1,440
-11.8%
19
0.0%
77
-19.0%
Tiburon
$3,175,647
3.7%
$2,580,000
-3.7%
$13,200,000
$980
-2.9%
115
-14.2%
79
11.6%
Tomales
$796,500
6.6%
$632,500
-15.4%
$1,331,000
$475
-16.9%
4
300.0%
138
-24.5%
Woodacre
$945,808
7.1%
$899,000
8.9%
$1,450,000
$544
-2.6%
15
-25.0%
49
-23.8%
Marin Co.
$1,684,205
4.6%
$1,355,000
8.0%
$21,400,000
$733
4.1%
2178
-2.9%
47
-9.8%
C ON D O S Average Sale Price Marin Co.
$731,152
7.5%
Median Sale Price $669,000
11.5%
High Sale $3,800,000
Avg Price/SF $568
5.8%
# of Sales 597
-9.5%
DOM 49
-0.5%
*No sales recorded for 2017. Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 29
NAPA COUNTY Napa
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average $800K
2013
2014
2015
2016
2017
2018
$715,500 $600K $400K $200K
Ja
O ct
20 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 2013
400
2014
2015
357 315
300
308 212
200
362
2016
381
360
2017
387
360
321 271 259
280 242
267
2018
341
320
288
343 290
253
100
O ct
20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 1 Ja 7 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
0
30 | 2019 Market Report, 2018 Data
N A PA C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City American Canyon Angwin Calistoga Deer Park Napa Oakville
2018 $548,838
±% 7.3%
Median Sale Price 2018 $545,000
±% 5.8%
High Sale 2018
Avg Price/SF 2018
$1,235,000
$292
±% 7.5%
# of Sales 2018
±%
DOM 2018
±%
147
-5.8%
56
-6.1%
$909,127
3.1%
$711,000
-1.2%
$2,750,000
$404
-6.7%
22
15.8%
220
16.9%
$2,194,052
34.6%
$970,542
24.4%
$30,000,000
$990
77.8%
50
4.2%
158
37.4%
† $969,399 †
†
†
13.2%
$715,000
†
†
Pope Valley
$287,831
-6.9%
$225,000
† 5.9% † 8.7%
†
†
†
†
†
†
†
$15,000,000
$482
10.2%
857
-4.6%
70
-21.2%
† $1,055,000
†
†
†
†
$211
36.8%
13
44.4%
153
†
46.5%
†
Rutherford
$1,500,000
-31.7%
$1,200,000
6.7%
$2,100,000
$918
6.5%
3
-25.0%
175
17.7%
St. Helena
$1,913,819
-1.2%
$1,410,000
10.8%
$10,500,000
$821
3.4%
94
-7.8%
113
-9.1%
Yountville
$2,075,539
27.8%
$1,450,000
16.2%
$10,400,000
$832
21.2%
23
43.8%
90
-4.9%
Napa Co.
$1,056,274
10.8%
$710,000
5.2%
$30,000,000
$509
12.4%
1209
-3.8%
79
-12.6%
C ON D O S Average Sale Price Napa Co.
$550,805
5.9%
Median Sale Price $515,000
10.8%
High Sale $1,295,000
Avg Price/SF $459
11.2%
# of Sales 140
-7.3%
DOM 52
-13.9%
For information on Farm, Ranch and Vineyard properties, please contact your agent directly for the most current and relevant comparison pricing. These are complex properties and are now featured in multiple locations in the MLS.
†No sales recorded for 2018. Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 31
SAN MATEO COUNTY San Mateo
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average $1,700K
2013
2014
2015
2016
2017
2018
$1,505,000 $1,275K $850K $425K
n
Ja
O ct
20 13 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 1 4 Ja n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 1 Ja 5 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 1500
2013
2014
2015
1373 1341
1205
1279 1254
1130
1125 826
750
2016
1213 1172 1037
753
728
2017
2018
1303
1254
1129 1122
1083 729
1094
1035
758
375
O ct
20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 1 Ja 4 n 20 1 Ap 5 r2 01 Ju 5 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 1 Ja 7 n 20 1 Ap 8 r2 01 Ju 8 l2 01 8 O ct 20 18
0
32 | 2019 Market Report, 2018 Data
S A N M AT E O C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City
Median Sale Price
2018
±%
$8,323,358
44.6%
Belmont
$1,910,694
12.0%
$1,817,000
Brisbane
$1,293,680
21.3%
$1,200,000
Atherton
2018 $6,650,000
±%
High Sale 2018
Avg Price/SF
# of Sales
2018
±%
$23,500,000
$1,593
5.8%
67
9.5%
$3,323,828
$1,058
9.9%
19.0%
$2,020,000
$733
-7.1%
40.0%
2018
DOM
±%
2018
±%
-18.3%
52
10.3%
190
-12.0%
16
8.2%
25
-39.0%
21
-32.0%
Burlingame
$2,528,039
12.5%
$2,393,000
12.6%
$4,435,000
$1,205
5.9%
190
11.1%
19
12.6%
Colma
$1,185,000
21.7%
$1,020,000
15.6%
$1,550,000
$683
-2.6%
11
37.5%
12
-50.5%
Daly City
$1,064,966
12.8%
$1,050,000
14.1%
$1,688,000
$750
12.2%
336
-12.5%
19
-6.3%
East Palo Alto
$1,050,195
19.9%
$980,000
16.8%
$1,770,000
$776
11.5%
115
-8.0%
20
11.0%
El Granada
$1,157,841
0.5%
$1,170,000
2.4%
$1,750,000
$674
9.0%
53
-19.7%
31
12.2%
Foster City
$1,911,352
7.1%
$1,890,000
6.5%
$3,150,000
$942
7.7%
116
0.9%
15
-2.9%
Half Moon Bay
$1,472,369
3.9%
$1,400,000
7.3%
$3,283,000
$676
7.6%
127
-4.5%
31
-29.0%
$4,966,653
12.4%
$4,239,500
14.6%
$14,300,000
$1,177
8.2%
114
-8.1%
34
-43.0%
La Honda
$860,111
14.2%
$851,500
41.9%
$1,950,000
$684
10.2%
18
12.5%
17
-62.0%
Loma Mar
$750,000
2.8%
$750,000
-1.3%
$750,000
$593
13.1%
1
-66.7%
5
-93.6%
Menlo Park
$2,887,616
11.7%
$2,607,000
14.3%
$10,075,000
$1,406
11.0%
289
-5.2%
21
-11.2%
Millbrae
$1,806,105
8.1%
$1,772,500
10.4%
$3,122,800
$1,007
10.8%
134
-6.9%
16
-12.3%
Montara
$1,390,731
14.0%
$1,247,000
17.4%
$4,600,000
$680
3.3%
33
-8.3%
43
19.0%
Moss Beach
$1,279,636
17.1%
$1,225,000
23.9%
$3,100,000
$785
11.7%
22
0.0%
36
-50.2%
Pacifica
$1,143,697
12.6%
$1,100,000
15.8%
$2,200,000
$790
12.9%
277
0.0%
19
3.4%
Pescadero
$1,155,364
-18.7%
$1,065,000
18.5%
$2,336,000
$791
-9.3%
11
120.0%
91
58.5%
Portola Valley
$3,461,909
-1.6%
$3,340,000
11.3%
$6,450,000
$1,258
9.4%
60
-22.1%
41
26.3%
Redwood City
$1,799,644
10.2%
$1,700,000
10.7%
$5,500,000
$1,038
8.3%
506
-0.2%
18
4.1%
Redwood Shores
$2,211,582
20.4%
$2,096,888
13.2%
$3,000,000
$998
5.5%
29
38.1%
15
35.9%
Hillsborough
San Bruno
$1,163,780
7.7%
$1,185,000
11.3%
$1,705,000
$832
12.8%
208
1.5%
20
14.7%
San Carlos
$2,081,188
9.3%
$1,965,000
10.4%
$4,460,709
$1,111
10.8%
279
0.7%
15
3.3%
San Gregorio
$1,275,750
*
$1,275,750
*
$1,275,750
$580
*
1
*
8
*
$1,767,414
8.6%
$1,600,000
9.4%
$6,800,000
$1,032
8.4%
601
2.6%
18
23.0%
San Mateo So. San Francisco
$1,128,682
14.9%
$1,100,000
17.0%
$2,200,000
$785
16.1%
264
-2.2%
18
-13.6%
Woodside
$4,449,275
44.0%
$3,262,500
35.9%
$20,000,000
$1,176
17.7%
64
-4.5%
66
24.7%
San Mateo Co.
$1,958,225
12.2%
$1,575,000
10.5%
$23,500,000
$992
9.9%
4141
-3.3%
21
-3.5%
C ON D O S Average Sale Price San Mateo Co.
$1,039,822
16.6%
Median Sale Price $942,000
14.9%
High Sale $3,898,000
Avg Price/SF $823
12.5%
# of Sales 1230
-10.9%
DOM 18
-16.3%
*No sales recorded for 2017. Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 33
SANTA CLARA COUNTY Santa Clara
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average $1,400K
2013
2014
2015
2016
2017
2018
$1,240,000 $1,050K $700K $350K
n
Ja
O ct
20 13 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 3400 2550
2013
2015 3357
2014
3130
2606
2930
1700
2017
3181 2796
2447 1845
3100
2016
1927
2484 1775
2586 1872
3258
2018
3127
3078 2468 1939
2581 2161
850
Ja
O ct
20 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 1 Ja 4 n 20 1 Ap 5 r2 01 Ju 5 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 1 Ja 7 n 20 1 Ap 8 r2 01 Ju 8 l2 01 8 O ct 20 18
0
34 | 2019 Market Report, 2018 Data
S A N TA C L A R A C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City Alviso
2018 $855,500
±% 0.5%
Median Sale Price 2018 $855,500
±% -3.3%
High Sale 2018 $1,235,000
Avg Price/SF 2018
±%
$500
0.1%
# of Sales 2018
±%
DOM 2018
2
-80.0%
24
±% 0.0%
Campbell
$1,527,495
9.0%
$1,499,400
12.5%
$3,231,250
$913
14.2%
278
-23.6%
18
4.5%
Cupertino
$2,438,294
14.7%
$2,384,944
13.6%
$4,320,000
$1,237
11.3%
232
-1.7%
17
2.3%
Gilroy
$864,406
10.5%
$785,000
11.3%
$2,560,000
$404
8.8%
545
-14.3%
24
-27.0%
Los Altos
$3,678,091
12.7%
$3,400,000
12.6%
$7,775,000
$1,503
16.3%
274
-17.2%
15
-14.6%
Los Altos Hills
$5,093,680
7.6%
$4,850,000
25.0%
$10,075,000
$1,231
-2.5%
68
-27.7%
51
40.7%
Los Gatos
$2,309,141
7.6%
$2,160,000
9.4%
$10,650,000
$936
8.4%
380
-12.6%
35
6.3%
Milpitas
$1,200,959
15.2%
$1,175,000
18.8%
$3,120,000
$744
19.9%
296
2.8%
18
-13.3%
Monte Sereno
$3,471,030
17.1%
$3,300,000
14.6%
$6,250,000
$1,053
10.5%
37
-19.6%
26
-43.0%
Morgan Hill
$1,103,069
11.2%
$1,010,000
10.1%
$2,700,000
$471
8.8%
459
-14.7%
26
-15.2%
Mountain View
$2,381,800
15.7%
$2,350,000
18.6%
$4,500,000
$1,417
14.1%
227
-4.2%
15
6.3%
Palo Alto
$3,774,713
7.0%
$3,200,000
8.5%
$19,500,000
$1,806
9.3%
343
-3.4%
18
-11.3%
San Jose
$1,256,831
14.1%
$1,175,000
17.5%
$5,500,000
$740
16.4%
5199
-6.5%
19
-0.3%
San Martin
$1,316,317
21.5%
$1,265,000
33.4%
$3,200,000
$581
8.0%
49
8.9%
40
2.8%
Santa Clara
$1,521,661
16.3%
$1,495,000
18.2%
$2,800,000
$1,012
16.2%
550
-12.0%
17
26.4%
Saratoga
$3,070,410
14.6%
$2,820,000
12.8%
$10,593,000
$1,093
10.5%
259
-13.1%
32
5.1%
Stanford
$2,600,833
-2.7%
$2,622,500
-1.0%
$2,935,000
$1,214
12.7%
6
-25.0%
13
-52.2%
Sunnyvale
$1,890,515
10.9%
$1,883,000
9.2%
$3,150,000
$1,204
12.8%
604
6.5%
16
29.0%
Santa Clara Co.
$1,622,022
12.0%
$1,335,000
13.6%
$19,500,000
$864
14.4%
9808
-8.1%
20
-2.7%
C ON D O S Condos Santa Clara Co.
Average Sale Price $953,511
18.5%
Median Sale Price $887,750
21.6%
High Sale $3,200,000
Avg Price/SF $750
19.2%
# of Sales 3834
-10.9%
DOM 17
-4.0%
Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 35
SANTA CRUZ COUNTY Santa Cruz
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average $1,000K
2013
2014
2015
2016
2017
2018
$885,000 $750K $500K $250K
n
Ja
O ct
20 13 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 1 Ja 5 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 700
2013
2014
2015
445
443 350
350
494 515
513
451
2017
594 615
582
525
2016
355
477 496
416 323
327
2018
544
528 508 431 340
175
O ct
20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 1 Ja 7 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
0
36 | 2019 Market Report, 2018 Data
S A N TA C RUZ C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City Aptos Ben Lomond Boulder Creek Brookdale Capitola
2018
±%
Median Sale Price 2018
$1,207,621
7.3%
High Sale
±%
2018
Avg Price/SF 2018
$1,020,000
2.5%
$5,500,000
$634
# of Sales
±%
2018
12.2%
281
DOM
±%
2018
±%
-7.3%
40
-13.5%
$786,110
10.3%
$789,000
15.2%
$2,500,000
$490
1.1%
95
18.8%
27
-9.2%
$640,277
6.5%
$620,000
3.3%
$1,438,125
$459
3.8%
148
-11.9%
41
14.1%
$686,545
13.2%
$678,000
14.5%
$849,000
$462
12.0%
11
-26.7%
33
-32.9%
$1,209,597
-2.0%
$1,051,500
6.2%
$3,800,000
$860
3.6%
50
-3.8%
47
20.5%
Corralitos
$1,003,185
21.7%
$840,000
3.7%
$2,300,000
$423
-13.8%
12
-20.0%
52
-40.7%
Davenport
$1,081,000
26.3%
$1,100,000
35.8%
$1,699,000
$702
-8.5%
5
66.7%
35
176.3%
Felton
$677,202
2.1%
$653,000
8.6%
$1,700,000
$525
3.6%
114
6.5%
35
-14.4%
Freedom
$529,110
5.9%
$530,000
1.0%
$720,000
$425
17.9%
18
-14.3%
37
88.0%
La Selva Beach
$1,507,945
46.2%
$1,001,288
1.1%
$9,400,000
$609
6.1%
26
13.0%
70
14.7%
Los Gatos
$1,212,995
8.1%
$1,237,500
24.1%
$2,150,000
$525
-5.1%
60
30.4%
60
16.0%
Mount Hermon
$636,684
3.8%
$575,000
2.8%
$1,330,000
$437
0.4%
10
150.0%
82
164.0%
Santa Cruz
$1,164,809
3.3%
$1,026,950
9.8%
$5,500,000
$730
6.1%
565
4.1%
35
1.2%
Scotts Valley
$1,125,945
12.4%
$1,052,500
14.1%
$2,525,000
$514
10.0%
122
-15.3%
25
-35.2%
Seacliff
$782,500
*
$782,500
*
$800,000
$676
*
2
*
66
*
Soquel
$1,136,908
11.2%
$946,000
8.1%
$4,253,000
$587
15.8%
62
-7.5%
25
-32.8%
$663,718
0.1%
$612,500
7.6%
$3,800,000
$420
1.5%
226
-10.7%
35
-27.8%
$1,005,463
6.6%
$885,000
5.4%
$9,400,000
$596
7.1%
1807
-2.0%
37
-8.4%
Watsonville Santa Cruz Co.
C ON D O S Condos Santa Cruz Co.
Average Sale Price $612,212
7.6%
Median Sale Price $599,500
8.7%
High Sale $1,442,500
Avg Price/SF $533
7.2%
# of Sales 434
-10.0%
DOM 39
11.4%
*No sales recorded for 2017. Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 37
SOLANO COUNTY Solano
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average $500K
2013
2014
2015
2016
2017
2018
$437,000 $375K $250K $125K
Ja
O ct
20 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 1600
2013
1200
2014
1134
1075 847
800
2015
1218
1501 1476
2016
1381
1202 1056 922
1050
2017
1460
1398 1408 1229
1296 1015
2018
1323 1001
1250 991
400
O ct
20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
0
38 | 2019 Market Report, 2018 Data
S OL A NO C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City Benicia
2018 $706,924
±%
Median Sale Price 2018
8.4%
$675,000
±%
High Sale 2018
Avg Price/SF 2018
5.6%
$1,602,000
$352
±%
# of Sales 2018
±%
6.8%
245
DOM 2018
±%
-5.8%
49
-11.1%
Dixon
$468,385
9.5%
$445,000
6.0%
$1,695,000
$252
9.1%
221
8.3%
40
-2.6%
Elmira
$470,000
15.5%
$470,000
49.2%
$470,000
$274
-11.6%
1
-66.7%
44
-5.7%
Fairfield
$510,361
9.8%
$466,500
8.7%
$11,480,000
$261
7.0%
1284
-3.0%
51
-1.6%
Rio Vista
$379,176
6.5%
$370,000
6.0%
$850,000
$230
5.7%
221
-6.0%
62
1.9%
Suisun City
$405,656
7.1%
$400,000
8.1%
$637,000
$256
9.1%
282
-33.5%
40
0.1%
Vacaville
$484,829
7.5%
$455,000
7.4%
$2,550,000
$273
8.1%
1203
-10.8%
46
-1.8%
Vallejo Winters Solano Co.
$437,038
10.3%
$420,000
9.7%
$1,100,000
$289
11.4%
1095
-11.8%
45
-11.1%
$1,066,000
56.4%
$900,000
25.9%
$1,875,000
$500
36.6%
10
0.0%
74
-59.3%
$482,933
9.6%
$445,000
8.5%
$11,480,000
$274
8.7%
4562
-9.6%
48
-4.2%
C ON D O S Average Sale Price Solano Co.
$303,579
12.5%
Median Sale Price $290,000
13.7%
High Sale $740,000
Avg Price/SF $266
12.4%
# of Sales 405
-10.6%
DOM 40
-7.7%
For information on Farm, Ranch and Vineyard properties, please contact your agent directly for the most current and relevant comparison pricing. These are complex properties and are now featured in multiple locations in the MLS.
Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 39
SONOMA COUNTY Sonoma
5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average $700K
2013
2014
2015
2016
2017
2018
$640,000
$525K $350K $175K
Ja n
O ct
20 13 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
$0K
5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 1500
2013
2014
1278 1128
1125
2015
1386
1320 1129
884
750
794
2016
1397
1285
1197
2017
1349
1298
1106 880
2018
1363 1212 1232
1202
1050 842
894
375
O ct
20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 1 Ja 7 n 20 Ap 18 r2 0 Ju 18 l2 01 8 O ct 20 18
0
40 | 2019 Market Report, 2018 Data
S ONOM A C OU N T Y S A L E S BY C I T Y · 2 018 SI NG L E FA M I LY HOM E S Average Sale Price City Bodega Bodega Bay
Median Sale Price
High Sale
Avg Price/SF
2018
±%
2018
±%
$2,760,000
605.9%
$2,760,000
605.9%
$3,700,000
2018
2018 $880
# of Sales
±%
2018
224.2%
2
DOM
±%
2018
±%
100.0%
636
32.4%
$1,037,582
9.1%
$977,500
2.4%
$2,025,000
$520
1.3%
59
-4.8%
102
-10.7%
Boyes Hot Springs
$370,500
-30.7%
$370,500
-30.7%
$370,500
$370
-30.2%
1
-50.0%
343
163.8%
Camp Meeker
$454,250
26.0%
$427,500
8.2%
$650,000
$370
-2.9%
8
-38.5%
82
-6.2%
Cazadero
$510,367
9.6%
$503,500
16.3%
$850,000
$494
28.6%
24
-20.0%
67
-6.5%
Cloverdale
$651,560
11.6%
$577,000
7.1%
$5,787,500
$363
8.5%
136
-3.5%
69
14.4%
Cotati
$670,967
4.6%
$628,000
10.4%
$1,594,500
$429
16.4%
92
31.4%
36
-18.6%
Duncans Mills
$502,500
19.3%
$502,500
19.3%
$605,000
$715
41.3%
2
-33.3%
40
-44.1%
$1,600,000
*
$1,600,000
*
$1,600,000
$353
*
1
*
410
*
Forestville
$609,163
16.9%
$537,000
18.0%
$3,675,000
$467
5.2%
95
14.5%
60
-1.9%
Fort Ross
$375,000
*
$375,000
*
$375,000
$727
*
1
*
39
*
El Verano
Fulton
$575,000
-20.2%
$575,000
-22.0%
$650,000
$396
-9.9%
2
-50.0%
36
-2.1%
Geyserville
$1,756,144
17.2%
$1,365,500
26.4%
$5,750,000
$693
20.1%
18
-5.3%
126
2.5%
Glen Ellen
$1,531,880
30.4%
$1,050,000
2.4%
$5,650,000
$729
18.0%
33
-5.7%
128
24.1%
Graton
$704,667
12.3%
$685,000
9.6%
$830,000
$460
4.7%
9
80.0%
70
59.8%
Guerneville
$514,558
9.8%
$470,000
10.1%
$1,303,000
$446
9.2%
113
-2.6%
64
17.4%
Healdsburg
$1,267,679
-8.5%
$905,000
7.4%
$6,625,000
$647
11.4%
194
-4.4%
86
-12.7%
$782,900
-12.2%
$805,000
-0.6%
$975,000
$486
-17.1%
12
20.0%
175
-0.6%
$1,713,966
-1.3%
$1,370,000
8.7%
$5,000,000
$675
-2.2%
15
-37.5%
92
-9.0%
$581,578
10.1%
$527,500
18.7%
$1,200,000
$474
-0.5%
32
10.3%
48
22.4%
Jenner Kenwood Monte Rio Occidental
$1,277,821
28.1%
$955,000
19.0%
$2,750,000
$583
3.4%
14
0.0%
149
-4.5%
Penngrove
$1,018,308
-18.3%
$980,000
-4.6%
$2,050,000
$535
6.0%
39
18.2%
70
-30.0%
$865,489
8.3%
$750,000
6.7%
$3,900,000
$479
7.6%
519
-13.5%
45
-23.5%
†
†
†
†
†
†
†
†
†
†
†
Petaluma Rio Nido Rohnert Park
$600,958
4.8%
$597,000
7.6%
$983,925
$370
9.4%
253
-6.6%
42
-3.4%
Santa Rosa
$743,492
6.9%
$625,000
7.2%
$8,000,000
$415
7.4%
1752
-8.8%
53
-5.5%
Sebastopol
$1,042,867
9.7%
$865,000
-1.1%
$5,267,003
$547
4.1%
215
0.0%
71
14.5%
$1,178,512
9.8%
$847,000
9.3%
$7,100,000
$604
5.8%
378
3.3%
64
-12.0%
Sonoma Stewarts Point
†
†
†
†
†
†
†
†
†
†
†
The Sea Ranch
$974,420
17.4%
$850,000
13.3%
$3,180,000
$525
6.6%
87
-17.9%
126
1.4%
Timber Cove
$508,667
26.4%
$495,000
23.0%
$616,000
$418
63.7%
3
50.0%
172
71.7%
Valley Ford
$775,000
*
$775,000
*
$775,000
$277
*
1
*
99
*
$719,928
4.8%
$660,000
8.2%
$2,540,000
$397
8.1%
280
-10.8%
46
-14.3%
$834,034
7.1%
$669,975
6.3%
$8,000,000
$462
7.9%
4390
-6.7%
60
-6.2%
Windsor Sonoma Co.
C ON D O S Average Sale Price Sonoma Co.
$425,720
8.1%
Median Sale Price $400,000
8.4%
High Sale $975,000
Avg Price/SF $358
7.7%
# of Sales 590
-17.3%
DOM 50
0.0%
For information on Farm, Ranch and Vineyard properties, please contact your agent directly for the most current and relevant comparison pricing. These are complex properties and are now featured in multiple locations in the MLS.
*No sales recorded for 2017. †No sales recorded for 2018. Data sourced from local MLS and deemed to be reliable, brokerage cannot verify data or guarantee accuracy. Data that appeared to be incorrect was not included in the calculations.
2019 Market Report, 2018 Data | 41
SELECTION OF
SIGNIFIC A NT SA LES 2018
A LAMO
B E LV E D E R E
DI A BLO 42 | 2019 Market Report, 2018 Data
$3.550.000
ATH ERTON
$23,500,000
$10,000,000
CALISTOGA
$8,300,000
$3,750,000
KENTFIELD
$7,400,000
SELECTION OF
SIGNIFIC A NT SA LES 2018
L O S A LT O S
$7,000,000
L O S A LT O S H I L L S
$10,075,000
L O S A LT O S H I L L S
$9,500,000
M I L L VA L L E Y
$11,460,000
N A PA
$4,320,000
N A PA
$15,000,000
2019 Market Report, 2018 Data | 43
SELECTION OF
SIGNIFIC A NT SA LES 2018
N A PA
$4,350,000
NIC A SIO
$4,600,000
OA K L A ND
$2,070,000
PA L O A LT O
$9,000,000
$19,500,000
PIEDMONT
$2,500,000
PA L O A LT O 44 | 2019 Market Report, 2018 Data
SELECTION OF
SIGNIFIC A NT SA LES 2018
ROSS
$6,700,000
SAN FR ANCISCO
$4,700,000
TIBURON
$7,600,000
TIBURON
$8,650,000
WOODSIDE
$18,500,000
WOODSIDE
$11,000,000
2019 Market Report, 2018 Data | 45
V I S I T U S AT
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Mill Valley Office
San Rafael Office
Stinson Beach Office
415.380.4300
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SILICON VALLEY OFFICES Menlo Park Office
Los Altos Office
Palo Alto Office
650.847.1141
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Copyright ©2019 Golden Gate Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
46 | 2019 Market Report, 2018 Data