Q3 | 2017
The Peninsula
Market Update
LOS ALTOS HILLS
Modern Masterpiece | Offered at $18,000,000 sothebyshomes.com/0088476
CORONA HEIGHTS
Contemporary Masterpiece Last Asking $3,950,000
a message from
Jeffrey Gibson
San Francisco Brokerage Manager Sotheby’s International Realty is the Bay Area leader in luxury real estate. Every day we are honored and excited to represent properties in San Francisco, Marin County, and the Peninsula and to share these exceptional homes with a global audience. The Sotheby’s International Realty - San Francisco brokerage is driven by the passion and expertise of our exceptional independent sales associates who combine an unmatched depth of knowledge of Bay Area markets with a proven track record of success. In a city where property values, like local microclimates, vary block by block, Sotheby’s International Realty agents provide critical insights to both buyers and sellers. It shows in the results: our agents achieved a market-leading average sales price of $2.3 million while producing an incredible $12.2 million in transactions per agent. Our incomparable resources have allowed Sotheby’s International Realty to become synonymous with luxury home sales in the Bay Area. Yet, regardless of price level, all clients receive the same exceptional level of service. If Sotheby’s International Realty may be of service to you in the sale or purchase of residential property in the Bay Area or around the world, please contact me at +1 415 296 2200 so I may personally introduce you to a local expert.
SAN FRANCISCO BROKERAGE
Jeffrey Gibson, Senior Vice President & Brokerage Manager 117 Greenwich Street | San Francisco, CA 94111 | 415.901.1700 sothebyshomes.com/sanfrancisco *Source: San Francisco Multiple Listing Service (SFMLS), for 12 months ending 9/30/17 for the entire Bay Area. All data within this document is pulled from the San Francisco MLS. 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. SIR CalBRE#: 899496
BAY AREA
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/ SANF RAN C IS C O
SOUTH BEACH
Chic Urban Oasis | Offered at $2,448,000 sothebyshomes.com/0088671
PESCADERO
Price Upon Request sothebyshomes.com/0088790 PACIFIC HEIGHTS
Offered at $11,550,000 sothebyshomes.com/0088754 RUSSIAN HILL
Offered at $3,250,000 sothebyshomes.com/0088539 SOMA
Offered at $3,195,000 sothebyshomes.com/0088663 *in order from left to right, top to bottom
sothebyshomes.com/sanfrancisco
The Peninsula
Market Snapshot
ASP vs Units sold
Volume
$5M and Up
Up to $1M
$1,600,000
1800
$1,400,000
1600 1400
$1,200,000
$3M - $5M
1200
$1,000,000
1000 $800,000 800 $600,000
$1M - $3M
600
$400,000
400
$200,000
200
$-
0
2013 2014 2015 2016 2017
Sales Volume by Price Category 12 % 58 % 17 % 12 %
Median Sale Price vs. Total Units Sold
Under $1 Million
Median Sale Price
$1 Million to $3 Million
Total Units Sold
$3 Million to $5 Million Over $5 Million
Q3 2017 Highlights
The Peninsula
10.0%
$5M and Up
8.0%
Total Units $3M - $5M
6.0%
Up to $1M 4.0%
2.0%
0.0%
$1M - $3M
-2.0%
Final Sale vs. Original List -3 % 9% -3 % 5% 4% -2 %
Atherton Burlingame Hillsborough Los Altos Hills
Woodside
Menlo Park
Los Altos Hills
Hillsborough
Burlingame
Atherton
-4.0%
Total Units Sold by Price Category 399 968 122 45
Under $1 Million $1 Million to $3 Million $3 Million to $5 Million Over $5 Million
Menlo Park Woodside
Q3 Highlights
/ The Peninsula Q3 Market Update
at a glance {Q3 | 2017}
atherton
22
%
Change in Median Sale Price {2017 vs. 2016}
100
%
Change in Units Sold {2017 vs. 2016}
16 Units Sold
5
$ m Median Sale Price
Atherton Single Family Homes Sales
Sales Volume
Total Units Sold by Price Category
Up to $1M
Up to $1M
by Price Category Total Volume Area Page
$1M $3M
$1M - $3M
units sold - Area Page
Q3
$5M and up
$5M and up
$3M - $5M
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Final Sale vs. Original List
Average Days on Market
22%
100%
-8%
-
-54%
$3M - $5M
{2017 vs. 2016}
Change 2017
$4,950,000 16
$1,382
-3%
57
2016
$4,069,375
$1,502
-6%
124
2015
$4,850,000 21
$1,302
2%
38
2014
$4,675,000
22
$1,165
-2%
59
2013
$3,475,000
22
$970
-4%
76
8
Median Sale Price | Total Units Sold
$6,000,000
25
$5,000,000
20
$4,000,000
15
$3,000,000 10
$2,000,000
5
$1,000,000
0
$-
2013
2014
Median Selling Price
2015
2016
2017
Total Units Sold
Atherton
/ The Peninsula Q3 Market Update
Burlingame
Single Family Home Sales
Sales Volume
Total Units Sold by Price Category
Total Volume Area Page by Price Category
$5M and up $5M and up
Up to $1M $3M $5M
$3M - Up to $5M $1M
units sold - Area Page $1M - $3M
$1M - $3M
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Final Sale vs. Original List
Average Days on Market
-28%
55%
4%
-
-9%
2017
$1,400,000
62
$1,034
9%
15
2016
$1,937,500
40
$998
5%
17
2015
$1,925,000
45
$969
7%
14
2014
$1,600,000
65
$805
2%
23
2013
$1,516,500
62
$731
3%
28
Q3 {2017 vs. 2016}
Change
Median Sale Price | Total Units Sold 70
$2,500,000
60
$2,000,000
50 $1,500,000
40
$1,000,000
30 20
$500,000
10
$-
0
2013
2014
Median Selling Price The Peninsula Q3 Market Update / Burlingame
2015
2016
Total Units Sold
2017
at a glance {Q3 | 2017}
burlingame
-28
%
Change in Median Sale Price {2017 vs. 2016}
55
%
Change in Units Sold {2017 vs. 2016}
62 Units Sold
1.4m
$
Median Sale Price
at a glance {Q3 | 2017}
hillsborough
-13
%
Change in Median Sale Price {2017 vs. 2016}
17
%
Change in Units Sold {2017 vs. 2016}
27 Units Sold
3.7m
$
Median Sale Price
Hillsborough Single Family Homes Sales
Sales Volume
Total Units Sold by Price Category
Total Volume Area Page by Price Category
Up to $1M
Up to $1M $1M $3M
$1M - $3M
$5M and up
units sold $5M and up - Area Page $3M - $5M
$3M - $5M
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Final Sale vs. Original List
Average Days on Market
-13%
17%
-1%
-
146%
2017
$3,700,000
27
$1,024
-3%
88
2016
$4,250,000 23
$1,033
-3%
36
2015
$3,929,000
38
$999
1%
57
2014
$2,847,500
34
$815
-2%
50
2013
$3,359,000
38
$856
-3%
65
Q3 {2017 vs. 2016}
Change
Median Sale Price | Total Units Sold
$4,500,000
40
$4,000,000
35
$3,500,000
30
$3,000,000
25
$2,500,000
20
$2,000,000
15
$1,500,000
10
$1,000,000
5
$500,000
0
$-
2013
2014
Median Selling Price
2015
2016
2017
Total Units Sold
Hillsborough
/ The Peninsula Q3 Market Update
Los Altos Hills Single Family Home Sales
Sales Volume
Total Units Sold by Price Category
Total Volume Area Page by Price Category $5M and up
Up to $1M
Up to $1M
$5M and up
$3M $5M
units sold - Area Page
$1M - $3M $3M - $5M
$1M - $3M
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Final Sale vs. Original List
Average Days on Market
25%
5%
9%
-
-16%
2017
$3,025,000
67
$1,237
5%
19
2016
$2,417,750
64
$1,140
1%
23
2015
$2,865,000 78
$1,150
8%
18
2014
$2,405,500
62
$994
6%
17
2013
$2,105,000
86
$867
3%
25
Q3 {2017 vs. 2016}
Change
Median Sale Price | Total Units Sold
$3,500,000
100 90
$3,000,000
80
$2,500,000
70 60
$2,000,000
50
$1,500,000
40 30
$1,000,000
20
$500,000
10
$-
0
2013
2014
Median Selling Price The Peninsula Q3 Market Update / Los Altos Hills
2015
2016
Total Units Sold
2017
at a glance {Q3 | 2017}
los altos hills
25
%
Change in Median Sale Price {2017 vs. 2016}
5
%
Change in Units Sold {2017 vs. 2016}
67 Units Sold
3
$ m Median Sale Price
at a glance {Q3| 2017}
menlo park
30
%
Change in Median Sale Price {2017 vs. 2016}
36
%
Change in Units Sold {2017 vs. 2016}
60 Units Sold
2.2m
$
Median Sale Price
Menlo Park Single Family Homes Sales
Sales Volume
Total Units Sold by Price Category
Total Volume Area Page by Price Category
$5M and up
Up to $1M
$3M - $5M
Up to $1M
$5M and up $3M - $5M
units sold - Area Page
$1M - $3M
$1M - $3M
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Final Sale vs. Original List
Average Days on Market
30%
36%
18%
-
-24%
2017
$2,207,500
60
$1,271
4%
22
2016
$1,695,000
44
$1,076
0%
30
2015
$2,200,000 85
$1,137
5%
21
2014
$1,862,500
100
$935
4%
24
2013
$1,525,000
82
$828
2%
29
Q3 {2017 vs. 2016}
Change
Median Sale Price | Total Units Sold
120
$2,500,000
100
$2,000,000
80
$1,500,000
60 $1,000,000
40
$500,000
20
$-
0
2013
2014
Median Selling Price
2015
2016
2017
Total Units Sold
Menlo Park
/ The Peninsula Q3 Market Update
Woodside Single Family Home Sales
Sales Volume
Total Units Sold by Price Category
Total Volume Area Page by Price Category Up to $1M
$5M and up
units sold - Area Page $1M - $3M
Up to $1M
$3M - $5M
$5M and up
$1M - $3M
$3M - $5M
Median Sale Price
Total Units Sold
Average Price Per Sq. Ft.
Final Sale vs. Original List
Average Days on Market
64%
91%
-10%
-
-40%
2017
$2,450,000
21
$1,128
-2%
52
2016
$1,498,000
11
$1,260
-7%
87
2015
$3,200,000 23
$1,102
0%
35
2014
$2,075,000
29
$843
-6%
69
2013
$1,772,500
18
$850
-3%
63
Q3 {2017 vs. 2016}
Change
Median Sale Price | Total Units Sold
$3,500,000
35
$3,000,000
30
$2,500,000
25
$2,000,000
20
$1,500,000
15
$1,000,000
10
$500,000
5
$-
0
2013
2014
Median Selling Price The Peninsula Q3 Market Update / Woodside
2015
2016
Total Units Sold
2017
at a glance {Q3 | 2017}
woodside
64
%
Change in Median Sale Price {2017 vs. 2016}
91
%
Change in Units Sold {2017 vs. 2016}
21 Units Sold
2.5m
$
Median Sale Price
THE PENINSULA
Extraordinary Results We celebrate the notable success of our associates and clients
BURLINGAME
Remodeled California Tudor Last Asking $2,895,000
PORTOLA VALLEY
Sierra Vista House Last Asking $4,750,000 SARATOGA
New Contemporary Home Last Asking $3,995,000 SAN MATEO
Updated California Bungalow Last Asking $1,750,000 FOSTER CITY
Exceptional Home Last Asking $1,750,000 *in order from left to right, top to bottom
sothebyshomes.com/sanfrancisco
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