TRENDING | MARKET UPDATE Q2 2015

Page 1

San Francisco, CA | web: 0087151

San Francisco Market Update Second Quarter 2015 SAN FRANCISCO BROKERAGE 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700

sothebyshomes.com

All data within this document is pulled from the San Francisco MLS.


A MESSAGE FROM: JEFFREY G. GIBSON Senior Vice President and Brokerage Manager Not unlike the water drought affecting California, the San Francisco real estate market continued to endure an inventory drought in the second quarter of 2015, according to an analysis of data from the San Francisco Multiple Listing Service. In Q2 2015, total sales for condominiums fell from 882 in Q2 2014 to 828 in Q2 2015, a 6.1% drop. Sales for singlefamily homes remained relatively flat in Q2 2015. Low inventory throughout the city has hastened buyers to act quickly. Considering that in Q2 2011, a single-family home stayed on the market an average of 63 days, that average has steadily decreased in the last five years. In Q2 2015, the average days on market for a single-family home fell to a mere 24 days; a 17.2% decrease from Q2 2014 and a staggering 61.9% drop since Q2 2011.

Jeffrey G. Gibson SAN FRANCISCO BROKERAGE 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700

The heightened pace and competition in the market also drove up prices in many districts. This momentum was especially evident in Districts 7 and 8, as the average price-persquare-foot for a single-family home increased from $1,228-per-square-foot in Q2 2014 to $1,505-per-square-foot in Q2 2015, a 22.5% jump. Condominiums in Districts 7 and 8 also saw a 19.3% increase in average price-per-square-foot, growing from $967-per-squarefoot in Q2 2014 to $1,154-per-square-foot in Q2 2015. sothebyshomes.com/sanfrancisco

Q2 TOTAL CLOSED SALES (SINGLE FAMILY HOMES) 2011

2012

2013

2014

2015

685

725

745

608

618

DISTRICT 1

66

65

70

57

66

DISTRICT 4

98

110

89

73

90

DISTRICT 5

98

112

111

86

83

DISTRICT 6

11

14

11

11

8

DISTRICTS 7 AND 8

37

48

55

42

37

DISTRICT 9

65

59

87

54

62

SAN FRANCISCO (TOTAL)

800 700 600 500 400 300 200 100 0

2011

2012

2013

2014

2015

Source: SFARMLS - April 1-June 30 each year.

Q2 TOTAL CLOSED SALES (CONDOS) 1200

2011

2012

2013

2014

2015

734

934

961

882

828

DISTRICT 1

35

54

39

48

38

DISTRICT 4

17

18

19

17

14

DISTRICT 5

122

127

154

132

160

DISTRICT 6

71

93

96

74

72

DISTRICTS 7 AND 8

211

287

279

238

191

DISTRICT 9

232

295

325

334

307

SAN FRANCISCO (TOTAL)

1000

800

600

400

200

0

2011

2012

2013

2014

2015

Source: SFARMLS - April 1-June 30 each year.

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. 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. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.


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DISTRICT 1

SINGLE FAMILY HOME SALES ABOUT DISTRICT 1 Also known as the Richmond District, District 1 is nestled on the Northwest corner of San Francisco. Home to many distinct neighborhoods, including Jordan Park, Lake, Laurel Heights, Outer Richmond, Central Richmond, Inner Richmond, and Sea Cliff, the district borders both the Golden Gate Park and the Pacific Ocean. In District 1, residents and visitors alike can enjoy some fun in the park, or sit back and gaze upon the vast ocean.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$2,500,000

70 60

$2,000,000

50

$1,500,000 40 30

$1,000,000

20

$500,000 10

$-

2011

2012

San Francisco

2013

2014

0

2015

2011

District 1

2012

2013

2014

San Francisco

2015

District 1

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$1,202,176

$1,339,816

$1,582,162

$1,607,000

$1,804,831

12.3%

AVERAGE SOLD PRICE

$1,196,923

$1,414,815

$1,717,171

$1,838,249

$2,152,465

17.1%

AVERAGE DAYS ON MARKET

59

48

37

19

16

-15.1%

TOTAL SINGLE FAMILY HOMES SOLD

66

65

70

57

66

15.8%

SINGLE FAMILY HOMES | Q2

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

4


DISTRICT 1

CONDOMINIUM SALES Q2 MARKET OVERVIEW

Prices continued climb in District 1, staying well above the citywide average in Q2 2015. The average sales price for a single-family home rose 17.1%, from $1,838,249 in Q2 2014 to $2,152,465 in Q2 2015. Condominiums also saw the average sales price increase, from $1,034,760 in Q2 2014 to $1,155,718 in Q2 2015. While prices grew, buyers across the district were quick to close deals on both single-family homes and condominiums. A single-family home spent an average of 16 days on the market in Q2 2015, down from 19 days in Q2 2014. Condominiums also closed in less than a month, falling from an average of 38 days in Q2 2014 to 26 days in Q2 2015. Inventory issues contributed to a decrease in total sales for condominiums, which decreased 20.8% in Q2 2015, from 48 units sold in Q2 2014 to 38 units in Q2 2015. However, single-family homes rebounded back to 66 units sold in Q2 2015, after it had descended to 57 units in Q2 2014.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

80

$1,200,000

70 60

$1,000,000

50

$800,000

40 $600,000

30 $400,000

20 $200,000

$-

10

2011

2012

San Francisco

2013

2014

0

2015

2011

District 1

2012

2013

San Francisco

2014

2015

District 1

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$753,199

$748,453

$833,478

$958,906

$1,038,921

8.3%

AVERAGE SOLD PRICE

$739,486

$765,961

$889,487

$1,034,760

$1,155,718

11.7%

AVERAGE DAYS ON MARKET

65

58

31

38

26

-30.2%

TOTAL CONDOS SOLD

35

54

39

48

38

-20.8%

CONDOMINIUMS | Q2

5


DISTRICT 4

SINGLE FAMILY HOME SALES ABOUT DISTRICT 4 District 4, also referred to as West of Twin Peaks is located in a heavily wooded and picturesque area of San Francisco. District 4 encompasses 16 neighborhoods: Balboa Terrace, Diamond Heights, Forest Hill, Forest Hill Extension, Forest Knolls, Ingleside Terrace, Midtown Terrace, Miraloma Park, Monterey Heights, Mount Davidson Manor, Sherwood Forest, St. Francis Wood, Sunnyside, West Portal, Westwood Highlands and Westwood Park.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

70

$2,000,000 $1,800,000

60

$1,600,000

50

$1,400,000 $1,200,000

40

$1,000,000

30

$800,000 $600,000

20

$400,000

10

$200,000 $-

2011

2012

San Francisco

2013

2014

0

2015

2011

District 4

2012

2013

San Francisco

2014

2015

District 4

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$900,672

$990,350

$1,121,938

$1,270,718

$1,430,670

12.6%

AVERAGE SOLD PRICE

$910,134

$1,025,727

$1,249,635

$1,452,914

$1,675,889

15.3%

AVERAGE DAYS ON MARKET

65

53

33

25

19

-23.2%

TOTAL SINGLE FAMILY HOMES SOLD

98

110

89

73

90

23.3%

SINGLE FAMILY HOMES | Q2

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

6


DISTRICT 4

CONDOMINIUM SALES Q2 MARKET OVERVIEW

Buyers in District 4 found the available inventory moving in separate directions in Q2 2015. While total sales for single family homes were up to 90 units in Q2 2015, a 23.3% jump from the 73 units in Q2 2014, condominiums were at the lowest seen since Q2 2011, with 14 units sold in Q2 2015, a 17.6% decline from Q2 2014. Despite the differences, buyers swarmed at any available listing, leading to the average sales price to climb. The average sales price for condominiums rose 30%, going from $612,831 in Q2 2014 to $796,929 in Q2 2015; and the average price for single-family homes grew from $1,452,914 in Q2 2014 to $1,675,889 in Q2 2015. While the average time a single-family home stayed on the market fell to 19 days in Q2 2015, District 4 was one of the few areas in the city that saw an increase in the average days a condominium stayed on the market. After seeing a low average of 23 days in Q2 2014, the average days on market jumped to 35 days.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

140

$1,200,000

120

$1,000,000

100

$800,000

80

$600,000

60

40

$400,000

20

$200,000

$-

0

2011

2012

San Francisco

2013

2014

2015

2011

District 4

2012

2013

2014

San Francisco

2015

District 4

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$426,688

$403,832

$484,437

$551,281

$715,336

29.8%

AVERAGE SOLD PRICE

$413,176

$403,586

$533,632

$612,831

$796,929

30.0%

122

116

64

23

35

53.2%

17

18

19

17

14

-17.6%

CONDOMINIUMS | Q2

AVERAGE DAYS ON MARKET

TOTAL CONDOS SOLD

7


DISTRICT 5

SINGLE FAMILY HOME SALES ABOUT DISTRICT 5 District 5, commonly known as the Central District, is in the geographic center of San Francisco. The sunny region, with its charm and vitality, is popular with both tourists and residents. The district is home to the neighborhoods of Ashbury Heights, Buena Vista Park, Clarendon Heights, Corona Heights, Cole Valley, Castro, Dolores Heights, Duboce Triangle, Glen Park, Haight Ashbury, Noe Valley, Twin Peaks and Mission Dolores.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$3,000,000

70

$2,500,000

60 50

$2,000,000

40

$1,500,000 30

$1,000,000 20

$500,000

$-

10

2011

2012

2013

2014

0

2015

2011

2012

2013

2014

2015

San Francisco

District 5

SINGLE FAMILY HOMES | Q2

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$1,470,418

$1,437,282

$1,532,225

$1,866,616

$2,209,975

18.4%

AVERAGE SOLD PRICE

$1,470,448

$1,508,963

$1,705,696

$2,131,623

$2,466,914

15.7%

AVERAGE DAYS ON MARKET

45

40

29

20

19

-1.7%

TOTAL SINGLE FAMILY HOMES SOLD

98

112

111

86

83

-3.5%

San Francisco

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

District 5

8


DISTRICT 5

CONDOMINIUM SALES Q2 MARKET OVERVIEW

Since Q2 2011, total sales in District 5 for a single-family home have been in decline, while condominiums have been on the rise. A low supply of single-family homes brought total sales down to 83 units in Q2 2015, a 3.5% decrease compared to Q2 2014. Buyers in the district have been shifting over to condominiums, going from 132 units sold in Q2 2014 to 160 units sold in Q2 2015, a 21.2% increase year-over-year. These shifts in total sales did not affect the demand for listings in the district, as the average sales prices in Q2 2015 continued to go up. Single-family homes in Q2 2015 sold at an average of $2,466,914, a 15.7% increase compared to Q2 2014; and condominiums also saw the average sales price leap 16.2% from Q2 2014 to Q2 2015. As buyers were paying more for listings, they also took less time to close those deals, as the average days on market fell to 19 days for a single-family home and 20 days for a condominium.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

80

$1,200,000

70 60

$1,000,000

50 $800,000 40 $600,000

30

$400,000

20

$200,000

10

$-

0 2011

2012

San Francisco

2013

2014

2015

2011

District 5

2012

2013

2014

San Francisco

2015

District 5

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$837,489

$797,384

$874,081

$975,275

$1,104,893

13.3%

AVERAGE SOLD PRICE

$831,307

$831,445

$967,916

$1,109,070

$1,288,831

16.2%

AVERAGE DAYS ON MARKET

68

44

34

25

20

-17.4%

TOTAL CONDOS SOLD

122

127

154

132

160

21.2%

CONDOMINIUMS | Q2

9


DISTRICT 6

SINGLE FAMILY HOME SALES ABOUT DISTRICT 6 District 6, also referred to as the Central North, is a vibrant area with easy access to public transportation, trendy boutiques, excellent restaurants and gorgeous City views. The neighborhoods that encompass District 6 include Alamo Square, Hayes Valley, Western Addition, Lower Pacific Heights, Anza Vista and North Panhandle (NoPa). Homes vary from stunning mansions and Victorian houses to quaint single family homes and chic condominiums.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$3,000,000

70

60

$2,500,000

50

$2,000,000

40

$1,500,000 30

$1,000,000 20

$500,000

$-

10

0

2011

2012

San Francisco

2013

2014

2015

2011

District 6

2012

2013

San Francisco

2014

2015

District 6

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$1,578,886

$2,082,643

$2,009,273

$2,132,727

$2,304,750

8.1%

AVERAGE SOLD PRICE

$1,549,273

$2,096,214

$2,149,284

$2,412,476

$2,397,000

-0.6%

AVERAGE DAYS ON MARKET

45

60

34

21

29

36.9%

TOTAL SINGLE FAMILY HOMES SOLD

11

14

11

11

8

-27.3%

SINGLE FAMILY HOMES | Q2

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

10


DISTRICT 6

CONDOMINIUM SALES Q2 MARKET OVERVIEW

Throughout most of the city, the average sales price for a single-family home climbed and the average days they were out in the market fell. Those trends were not reflected in District 6, as the average sales price for a single-family home remained flat, seeing a minor 0.6% decrease from Q2 2014 to Q2 2015. Also bucking trends, the average days on market for a single-family home moved up closer to month, at 29 days in Q2 2015, climbing 36.9% compared to a low 21 days in Q2 2014. However, condominiums fell in line with the rest of the city; the average sales price grew 14.8% from Q2 2014 to Q2 2015, and the average days on market were reduced from 34 days in Q2 2014 to 27 days in Q2 2015. Inventory was in short supply in the district in Q2 2015. Total sales of single-family homes fell to 8 units in Q2 2015, the lowest Q2 total seen in years. Condominiums also experienced a 2.7% dip in total sales, with 72 units sold in Q2 2015 compared to Q2 2014.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

80

$1,200,000

70 60

$1,000,000

50 $800,000

40 $600,000

30

$400,000

20 10

$200,000

0 $-

2011

2012

San Francisco

2013

2014

2015

2011

District 6

2012

2013

2014

San Francisco

2015

District 6

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$661,516

$682,140

$792,549

$879,607

$1,009,333

14.7%

AVERAGE SOLD PRICE

$657,503

$698,829

$853,147

$985,259

$1,130,861

14.8%

AVERAGE DAYS ON MARKET

72

62

36

34

27

-19.8%

TOTAL CONDOS SOLD

71

93

96

74

72

-2.7%

CONDOMINIUMS | Q2

11


DISTRICTS 7 and 8

SINGLE FAMILY HOME SALES ABOUT DISTRICTS 7 and 8 Districts 7 and 8 host some of the most impressive homes in the city. District 7 includes Cow Hollow, the Marina, Pacific Heights and Presidio Heights neighborhoods. The Golden Gate Bridge and the San Francisco Bay are to the north and downtown is to the east, making it ideal for both work and recreation. District 8 includes the business and financial center of San Francisco and serves as a popular tourist destination. Residential neighborhoods include North Beach, Russian Hill, Nob Hill, Telegraph Hill and North Waterfront.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$7,000,000

70

$6,000,000

60

$5,000,000

50

$4,000,000

40

$3,000,000

30

$2,000,000

20

$1,000,000

10

$-

2011

2012

San Francisco

2013

2014

0

2015

2011

Districts 7 & 8

2012

2013

San Francisco

2014

2015

Districts 7 & 8

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$3,055,959

$3,628,269

$3,981,000

$4,393,118

$6,265,554

42.6%

AVERAGE SOLD PRICE

$2,956,194

$3,634,801

$4,031,364

$4,557,489

$6,271,265

37.6%

AVERAGE DAYS ON MARKET

59

43

26

53

19

-63.5%

TOTAL SINGLE FAMILY HOMES SOLD

37

48

55

42

37

-11.9%

SINGLE FAMILY HOMES | Q2

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

12


DISTRICTS 7 and 8

CONDOMINIUM SALES Q2 MARKET OVERVIEW

In Q2 2015, the inventory shortage was on full display in District 7 and 8, affecting nearly every facet of that market. Total sales were down in the district; single-family homes fell to 37 units sold in Q2 2015, an 11.9% decline from Q2 2014 and the lowest that number has been since Q2 2011; condominiums also dropped, going from 238 units in Q2 2014 to 191 units in Q2 2015. Low sales totals could have helped both districts claim one of the highest average sale prices for a single-family home in the city, at $6,271,265 in Q2 2015, a 37.6% increase compared to Q2 2014. The average sales price for a condominium also rose to $1,669,345 in Q2 2015. Buyers were especially eager to obtain listings, shortening the average time a listing spent on the market. Single-family homes saw the sharpest decrease, which plunged from an average of 53 days in Q2 2014 to 19 days in Q2 2015.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,800,000

80

$1,600,000

70

$1,400,000

60

$1,200,000

50

$1,000,000

40

$800,000 30

$600,000 20

$400,000 10

$200,000 $-

0

2011

2012

San Francisco

2013

2014

2015

2011

Districts 7 & 8

2012

2013

San Francisco

2014

2015

Districts 7 & 8

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$1,030,963

$974,917

$1,122,903

$1,362,375

$1,583,175

16.2%

AVERAGE SOLD PRICE

$1,004,606

$977,506

$1,167,004

$1,429,348

$1,669,345

16.8%

AVERAGE DAYS ON MARKET

68

52

40

37

30

-18.0%

TOTAL CONDOS SOLD

211

287

279

238

191

-19.7%

CONDOMINIUMS | Q2

13


DISTRICT 9

SINGLE FAMILY HOME SALES ABOUT DISTRICT 9 District 9, the central-eastern portion of San Francisco includes the neighborhoods Bernal Heights, the Central Waterfront/Dogpatch, Inner Mission, Mission Bay, Potrero Hill, South Beach and South of Market (SoMa). The area includes some of the oldest homes in San Francisco, having escaped the 1906 earthquake and fire destruction. District 9’s real estate includes cottages, bungalows and single-family homes in Bernal Heights and Potrero Hill, and warehouse-converted lofts and condominiums in SoMa, South Beach and Yerba Buena.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$2,000,000

70

$1,800,000 60

$1,600,000 $1,400,000

50

$1,200,000 40

$1,000,000

30

$800,000 $600,000

20

$400,000 10

$200,000 $-

2011

2012

San Francisco

2013

2014

0

2015

2011

District 9

2012

2013

San Francisco

2014

2015

District 9

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$804,598

$780,688

$1,000,038

$1,014,239

$1,296,380

27.8%

AVERAGE SOLD PRICE

$805,892

$827,454

$1,119,346

$1,208,461

$1,584,686

31.1%

AVERAGE DAYS ON MARKET

57

55

34

25

20

-21.5%

TOTAL SINGLE FAMILY HOMES SOLD

65

59

87

54

62

14.8%

SINGLE FAMILY HOMES | Q2

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

14


DISTRICT 9

CONDOMINIUM SALES Q2 MARKET OVERVIEW

In Q2 2015, demand for a single-family home in District 9 remained competitive. Total sales for a single-family home increased 14.8%, from 54 units in Q2 2014 to 62 units in Q2 2015. Sellers who chose to bring a single-family home into the market during Q2 2015 were rewarded with an average sales price that leaped from $1,208,461 in Q2 2014 to $1,584,686, a 31.1% growth; and a shorter timeframe to close, with deals closing an average of 20 days in Q2 2015. Like single-family homes in the district, condominiums also experienced an increase in average sales price, increasing from $1,104,714 in Q2 2014 to $1,267,712 in Q2 2015, a 14.8% growth. However, in contrast to single-family homes in the district, the total number of condominiums sold fell from 334 units in Q2 2014 to 307 units in Q2 2015, and the average days on market increased to 30 days, a 9.6% climb from Q2 2014 to Q2 2015.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

100 90

$1,200,000

80 $1,000,000

70 60

$800,000

50 $600,000

40 30

$400,000

20 $200,000

$-

10 0 2011

2012

San Francisco

2013

2014

2015

2011

District 9

2012

2013

2014

San Francisco

2015

District 9

2011

2012

2013

2014

2015

% Change (2015 v 2014)

AVERAGE LIST PRICE

$747,928

$743,161

$898,150

$1,045,538

$1,194,696

14.3%

AVERAGE SOLD PRICE

$732,874

$746,074

$925,309

$1,104,714

$1,267,712

14.8%

87

66

34

28

30

9.6%

232

295

325

334

307

-8.1%

CONDOMINIUMS | Q2

AVERAGE DAYS ON MARKET

TOTAL CONDOS SOLD

15


SIGNIFICANT SALES | Q2 2015

SAN FRANCISCO| Web ID: 0087240 | $9,400,000 San Francisco Brokerage | Gloria Smith | 415.722.2812

SOUTH BEACH | Web ID: 0087178 | $8,000,000 San Francisco Brokerage | Ludovico Mazzola | 415.296.2213

PACIFIC HEIGHTS| Web ID: 0086720 | $7,550,000 San Francisco Brokerage | Janet F. Schindler | 415.265.5994

RUSSIAN HILL | Web ID: 0087206 | $6,875,000 San Francisco Brokerage | Gregg Lynn | 415.901.1780

RUSSIAN HILL| Web ID: 0087293 | $3,600,000 San Francisco Brokerage | Debi DiCello | 415.269.7797

SOUTH BEACH | Web ID: 0087019 | $2,250,000 San Francisco Brokerage | G. Polchow, A. Kwiecien | 415.772.8477


Verner Panton, VIII square, wool carpet and Pierre Paulin set of armchairs and Mushroom stools from NOW ! PARIS 01 JULY 2015

AUCTION CALENDAR JULY 2015 Now ! Paris 01 July

Old Master & British Paintings Evening Sale London 08 July

Contemporary Art Evening Auction London 01 July

Old Master & British Paintings Day Sale London 09 July

Contemporary Art Day Auction London 02 July

Old Master Sculpture And Works Of Art London 09 July

Medieval And Renaissance Manuscripts London 07 July

English Literature, History, Children’s Books & Illustrations London 14 July

Treasures London 08 July

Finest and Rarest Wines London 15 July

Old Master & British Drawings London 08 July

Victorian, Pre-Raphaelite & British Impressionist Art London 15 July

Rencontres Couture À Paris De La Collection Didier Ludot Paris 08 July

Modern Life: Post-War Photographs, Prints & Design New York 22 July

We invite you to explore our real estate listings at www.sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015


ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0019842 | $5,500,000 SAN FRANCISCO, CA | Web: 0087388 | $4,995,000 HOUSTON, TX | Web: 1240556 | $5,250,000 RESORT MARKETS PEBBLE BEACH, CA | Web: 0474143 | $5,750,000 BRIDGEHAMPTON, NY | Web: 0037843 | $5,250,000 SANTA BARBARA, CA | Web: 0632345 | $5,000,000 FOREIGN MARKETS FRANCE | Web: LTFSNM | $5,778,077 ISRAEL | Web: 9ZWTEE | $5,726,482 PUERTO RICO | Web: ENWEJT | $4,200,000 sothebysrealty.com


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