San Francisco, CA | web: 0087687
San Francisco Market Update Fourth 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 As 2015 came to a close, the San Francisco real estate market continued to follow the same themes as the rest of year in the fourth quarter of 2015, according to the San Francisco Multiple Listing Service. The first three quarters of 2015 were marked by a dwindling inventory and a rise in average sales price. That trend marched on throughout the city in Q4 2015, as demand continued to far outpace supply. Five years ago, the average price-per-square-foot for a SF single-family home in Q4 2011 was $488. Compare that to Q4 2015, where the average has almost doubled at $828 per-square-foot. The average price-per-square-foot for a SF condominium has also grown significantly, with the average at $591 per-square-foot in Q4 2011 to $1,006 per-square-foot in Q4 2015.
Jeffrey G. Gibson SAN FRANCISCO BROKERAGE 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700 sothebyshomes.com/sanfrancisco
When comparing the average sales price year over year, prices again soared, according to the San Francisco Multiple Listing Service. Condominiums saw the average sales price grow 11 percent, from $1,110,360 in Q4 2014 to $1,232,400 in Q4 2015. The average sales price for a single-family home also climbed from $1,534,800 in Q4 2014 to $1,619,900 in Q4 2015, a 5.5 percent increase. Inventory was sparse throughout the City, causing the total sales of single-family homes and condominiums to fall from the prior year. A total of 619 single-family homes were sold in Q4 2015, a 5.4 percent decrease from the 654 units sold in Q4 2014. The total sales of condominiums also decreased 2.3 percent, falling from 742 units sold in Q4 2014 to 725 units sold in Q4 2015.
Q4 TOTAL CLOSED SALES (SINGLE FAMILY HOMES) 2011
2012
2013
2014
2015
665
736
679
654
619
DISTRICT 1
48
62
57
61
42
DISTRICT 4
84
110
92
94
104
DISTRICT 5
92
107
92
93
81
DISTRICT 6
7
19
13
15
10
DISTRICTS 7 AND 8
38
57
45
43
31
DISTRICT 9
58
51
69
66
73
SAN FRANCISCO (TOTAL)
760 740 720 700 680 660 640 620 600 580 560
2011
2012
2013
2014
2015
Source: SFARMLS - October 1-December 31 each year.
Q4 TOTAL CLOSED SALES (CONDOS) 900
2011
2012
2013
2014
2015
593
796
839
742
725
DISTRICT 1
33
40
35
38
46
DISTRICT 4
8
15
14
15
10
DISTRICT 5
102
131
121
100
118
DISTRICT 6
59
84
100
84
71
DISTRICTS 7 AND 8
183
222
226
211
187
DISTRICT 9
182
265
299
259
250
SAN FRANCISCO (TOTAL)
800 700 600 500 400 300 200 100 0
2011
2012
2013
2014
2015
Source: SFARMLS - October 1-December 31 each year.
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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
$2,000,000 70 $1,800,000
70
60 $1,600,000
60
$1,400,000 50
50
$1,200,000 40 $1,000,000
40
30$800,000
30
$600,000 20 $400,000 10 $200,000 0
$-
2011
20 10
2011
2012 2012
20132013
San Francisco San Francisco
2014 2014
0
2015 2015
2011
District 1 1 District
2012
2013
2014
San Francisco
2015
District 1
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$1,261,479
$1,502,994
$1,479,163
$1,642,729
$1,584,155
-3.6%
AVERAGE SOLD PRICE
$1,251,753
$1,557,809
$1,591,397
$1,805,031
$1,732,857
-4.0%
AVERAGE DAYS ON MARKET
52
42
33
29
28
-3.9%
TOTAL SINGLE FAMILY HOMES SOLD
48
62
57
61
42
-31.1%
SINGLE FAMILY HOMES | Q4
SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco
4
DISTRICT 1
CONDOMINIUM SALES Q4 MARKET OVERVIEW
Like the rest of San Francisco, total sales of single family homes were down in District 1, falling 31.1 percent from Q4 2014 to Q4 2015. Buyers in the District continued to close deals sooner rather than later, as a single family home stayed on the market an average of 28 days in Q4 2015. Despite a low supply in the district, the average sales price fell 4 percent in Q4 2015, going from $1,805,031 in Q4 2014 to $1,732,857 in Q4 2015, one of the few areas in the City to see prices drop. The sales figures for condominiums in District 1 also bucked citywide trends. Like single family homes in the area, the average sales price for a condominium decreased 8.6 percent, falling from $1,181,224 in Q4 2014 to $1,080,076 in Q4 2015. While the rest of the city mostly experienced dips in total sales, District 1 saw a 21.1 percent increase in condominiums sold, up from 38 units sold in Q4 2014 to 46 units sold in Q4 2015.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET 90 70 80
$1,400,000 70 $1,200,000 60
60 70
$1,000,000 50
50 60
$800,000
50 40
$600,000
40 30
20 $400,000
30 20 20
10 $200,000
10 10
40 30
0
$2011
2012 2012
2011
20132013
San Francisco San Francisco
2014 2014
0
2015 2015
2011 2011
District 1 1 District
2012 2012
2013 2013
2014 2014
San Francisco San Francisco
2015 2015
District 1 1 District
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$693,570
$792,410
$887,770
$1,132,711
$1,028,696
-9.2%
AVERAGE SOLD PRICE
$677,530
$823,267
$910,916
$1,181,224
$1,080,076
-8.6%
AVERAGE DAYS ON MARKET
80
55
41
37
35
-4.3%
TOTAL CONDOS SOLD
33
40
35
38
46
21.1%
CONDOMINIUMS | Q4
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
$1,800,000 $1,600,000
$1,800,000 70 $1,600,000
$1,400,000
60 $1,400,000
$1,200,000
50 $1,200,000
$1,000,000
$1,000,000 40
$800,000
$800,000 30
$600,000 $400,000
$600,000 20 $400,000
$200,000
10$200,000
$-
2011
2012
San Francisco
2013
2014
0
2015
$-
2011
2011
2012 2012
20132013
San SanFrancisco Francisco
District 4
2014 2014
2015 2015
District44 District
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$870,248
$1,049,765
$1,122,029
$1,225,321
$1,427,792
16.5%
AVERAGE SOLD PRICE
$877,021
$1,081,658
$1,195,500
$1,374,731
$1,587,561
15.5%
AVERAGE DAYS ON MARKET
58
47
37
24
24
0%
TOTAL SINGLE FAMILY HOMES SOLD
84
110
92
94
104
10.6%
SINGLE FAMILY HOMES | Q4
SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco
6
DISTRICT 4
CONDOMINIUM SALES Q4 MARKET OVERVIEW
For single family homes in District 4, almost everything was on the rise in Q4 2015. After total sales of single family homes fell to 92 units sold in Q4 2013, the total began to climb, from 94 units sold in Q4 2014 to 104 units sold in Q4 2015—one of the few districts in San Francisco to see an increase in sales in Q4 2015. The average sales price for a single family home followed suit, going up 15.5 percent, from $1,374,731 in Q4 2014 to $1,587,561 in Q4 2015. By contrast, condominiums in District 4 tended to fall in line with the rest of the city, with lower total sales and an increase in average sales price. Total sales of condominiums in the District fell 33.3 percent, from 15 units sold in Q4 2014 to 10 units sold in Q4 2015. The average sales price for condominiums grew from $593,997 in Q4 2014 to $706,754 in Q4 2015, a 19 percent increase.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET
$1,800,000 $1,400,000
90 $1,800,000
$1,600,000 $1,200,000
80 $1,600,000
$1,400,000 $1,000,000 $1,200,000
70 $1,400,000
$800,000 $1,000,000
50 $1,000,000
$800,000 $600,000
40$800,000
$600,000 $400,000 $400,000
30$600,000
60 $1,200,000
20$400,000
$200,000 $200,000 $$-
10$200,000 2011
2012
San Francisco
2013
2014
0
2015 2015
$-
2011
2011
District 4
2012 2012
20132013
San Francisco San Francisco
2014 2014
2015
District 44 District
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$393,000
$461,427
$468,060
$540,297
$668,800
23.8%
AVERAGE SOLD PRICE
$393,875
$475,367
$482,596
$593,997
$706,754
19.0%
AVERAGE DAYS ON MARKET
62
76
53
35
28
-18.5%
TOTAL CONDOS SOLD
8
15
14
15
10
-33.3%
CONDOMINIUMS | Q4
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
80
90 70 80
$2,000,000 70
60 70
60
50 60
$1,500,000 50
50 40
90 $2,500,000
40 30 30 20 20
40 $1,000,000 30 20$500,000
10 10
10 0
$-
2011
2011
2012 2012
20132013
San Francisco San Francisco
2014 2014
0
2015 2015
2011
2012 2012
2013 2013
2014 2014
Francisco SanSan Francisco
District 55 District
2015 2015
District55 District
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$1,382,486
$1,469,944
$1,761,042
$1,945,438
$2,072,037
6.5%
AVERAGE SOLD PRICE
$1,383,789
$1,547,670
$1,864,321
$2,135,397
$2,268,185
6.2%
AVERAGE DAYS ON MARKET
57
36
33
26
25
-4.6%
TOTAL SINGLE FAMILY HOMES SOLD
92
107
92
93
81
-12.9%
SINGLE FAMILY HOMES | Q4
SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco
8
DISTRICT 5
CONDOMINIUM SALES Q4 MARKET OVERVIEW
The average sales price for a single family home and a condominium in District 5 continued to ascend in Q4 2015. A condominium sold at an average of $1,248,103 in Q4 2015, a 9.6 percent increase from Q4 2014. The average sales price for a single family home also experienced growth, up 6.2 percent from $2,135,397 in Q4 2014 to $2,268,185 in Q4 2015. While prices climbed in the district, total sales of single family homes and condominiums went off in different directions in Q4 2015. Following the citywide trend, total sales of single family homes fell to 81 units, a 12.9 decrease compared year over year, and one of the lowest totals seen in the last few years of Q4. However, after falling to 100 total units sold in Q4 2014, total sales of condominiums rebounded 18 percent in Q4 2015, with 118 units sold.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET
90 $1,400,000
90
80 $1,200,000
80
70 $1,000,000 60
70
50$800,000
50
40$600,000
40
30 $400,000 20
30
60
20
$200,000 10 0
$-
2011
10 2011
2012 2012
20132013
San Francisco San Francisco
2014 2014
0
2015 2015
2011
District 55 District
2012
2013
2014
San Francisco
2015
District 5
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$768,415
$803,437
$976,641
$1,043,960
$1,121,958
7.5%
AVERAGE SOLD PRICE
$764,314
$851,196
$1,071,095
$1,139,201
$1,248,103
9.6%
AVERAGE DAYS ON MARKET
77
48
37
35
31
-12.1%
TOTAL CONDOS SOLD
102
131
121
100
118
18.0%
CONDOMINIUMS | Q4
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
$1,400,000 $3,000,000
$1,400,000 70
$1,200,000 $2,500,000
$1,200,000 60
$1,000,000 $2,000,000
$1,000,000 50
$800,000
40
$1,500,000
$600,000
30
$800,000 $600,000
$1,000,000 $400,000
20 $400,000
$500,000 $200,000
10 $200,000
$$-
2011 2011
2012 2012
San Francisco
2013
2014
0
2015
$2011
2011
2012 2012
20132013
2014 2014
San SanFrancisco Francisco
District 6
2015 2015
District 6
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$1,703,857
$1,652,211
$1,755,923
$2,345,400
$2,466,800
5.2%
AVERAGE SOLD PRICE
$1,704,057
$1,698,895
$1,888,385
$2,430,867
$2,699,000
11.0%
66
36
26
27
31
17.4%
7
19
13
15
10
-33.3%
SINGLE FAMILY HOMES | Q4
AVERAGE DAYS ON MARKET
TOTAL SINGLE FAMILY HOMES SOLD
SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco
10
DISTRICT 6
CONDOMINIUM SALES Q4 MARKET OVERVIEW
Much like the rest of the city, average sales prices were up and total sales were down in District 6. The average sales price for a single family home rose 11 percent, moving up from $2,430,867 in Q4 2014 to $2,699,000 in Q4 2015. Condominiums saw even greater growth, with the average sales price jumping from $1,008,712 in Q4 2014 to $1,219,372 in Q4 2015, a 20.9 percent increase and one of the largest increases in average sales price in the city. Low inventory throughout the district may have contributed to increased prices. A total of 10 single family homes were sold in Q4 2015, a 33.3 percent drop from the 15 units sold in Q4 2014. Total sales of condominiums were also down 15.5 percent, from 84 units sold in Q4 2014 to 71 in Q4 2015.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET
$1,400,000
$1,400,000 90 $1,400,000
$1,200,000
80 $1,200,000 $1,200,000
$1,000,000
70 $1,000,000 $1,000,000 60
$800,000
$800,000 50$800,000
$600,000
40$600,000 $600,000
$400,000
30 $400,000 $400,000 20
$200,000
$200,000 10 $200,000
$-
2011
2012
San Francisco
2013
2014
0
2015
$-
$-2011
2011
2011
District 6
2012 2012 2012
20132013
San Francisco San Francisco San Francisco
2014 2014
2013
2015 2015
2014
2015
District District 6 66 District
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$648,249
$690,084
$782,040
$915,557
$1,116,934
22.0%
AVERAGE SOLD PRICE
$649,085
$718,443
$831,735
$1,008,712
$1,219,372
20.9%
AVERAGE DAYS ON MARKET
69
64
29
49
35
-29.2%
TOTAL CONDOS SOLD
59
84
100
84
71
-15.5%
CONDOMINIUMS | Q4
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
100 $6,000,000
100 70 90
90 $5,000,000 80
60 80
70 $4,000,000 60
70 50 60 40 50
$3,000,000 50
40 $2,000,000 30
30 40
20 $1,000,000
20 10 10
30 20
10 0
$-
2011
2011
2012 2012
20132013
SanFrancisco Francisco San
2014 2014
00
2015
2011 2011
2012 2012
2013 2013
San Francisco San Francisco
Districts Districts77&&88
2014 2014
2015 2015
Districts Districts 77 & &8 8
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$3,978,059
$4,456,228
$4,285,031
$4,308,093
$5,451,581
26.5%
AVERAGE SOLD PRICE
$3,777,430
$4,332,079
$4,316,067
$4,429,488
$5,428,448
22.6%
AVERAGE DAYS ON MARKET
59
53
45
39
38
-2.8%
TOTAL SINGLE FAMILY HOMES SOLD
38
57
45
43
31
-27.9%
SINGLE FAMILY HOMES | Q4
SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco
12
DISTRICTS 7 and 8
CONDOMINIUM SALES Q4 MARKET OVERVIEW
Districts 7 and 8 made a strong case that a shortage of inventory drove prices up in San Francisco in Q4 2015. This was especially evident for single family homes in the area which saw one of the largest declines in total sales and one of the biggest gains in average sales price. Total sales in the district had dropped 27.9 percent, from 43 units sold in Q4 2014 to 31 units sold in Q4 2015. The limited number of sales pushed the average sales price for a single family home up from $4,429,488 in Q4 2014 to $5,428,448 in Q4 2015, a 22.6 percent increase. Condominiums in the area also saw a drop in total sales and an increase in average sales price. Total sales of condominiums fell 11.4 percent in Q4 2015, from 211 units sold in Q4 2014 to 187 units sold in Q4 2015. The average sales price for a condominium went up from $1,333,006 in Q4 2014 to $1,413,381 in Q4 2015.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET
100 $1,600,000
100
90 $1,400,000
90
80 $1,200,000 70
80 70
$1,000,000 60
60
50$800,000
50
40 $600,000
40
30 $400,000 20
30 20
$200,000 10
0
$-
2011
10 2011
2012 2012
SanFrancisco Francisco San
20132013
2014 2014
0
2015 2015
2011
Districts Districts77&&88
2012
2013
San Francisco
2014
2015
Districts 7 & 8
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$880,693
$1,109,972
$1,183,534
$1,277,180
$1,350,666
5.8%
AVERAGE SOLD PRICE
$859,102
$1,110,151
$1,210,598
$1,333,006
$1,413,381
6.0%
AVERAGE DAYS ON MARKET
90
56
44
42
32
-22.8%
TOTAL CONDOS SOLD
183
222
226
211
187
-11.4%
CONDOMINIUMS | Q4
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
90 $1,800,000 80 $1,600,000
90 70 80
70 $1,400,000
60 70
60 $1,200,000
50 60
50 $1,000,000
50 40
40$800,000
40 30
30$600,000 20$400,000
30 20 20
10$200,000
10 10
0
$-
2011
2011
2012 2012
20132013
San Francisco San Francisco
2014 2014
0
2015
2011
2012 2012
2013 2013
SanFrancisco Francisco San
District 99 District
2014 2014
2015 2015
District 9 9 District
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$727,643
$875,138
$1,120,636
$1,173,252
$1,299,411
10.8%
AVERAGE SOLD PRICE
$756,364
$934,608
$1,265,595
$1,331,576
$1,450,050
8.9%
AVERAGE DAYS ON MARKET
52
41
27
26
24
-8.7%
TOTAL SINGLE FAMILY HOMES SOLD
58
51
69
66
73
10.6%
SINGLE FAMILY HOMES | Q4
SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco
14
DISTRICT 9
CONDOMINIUM SALES Q4 MARKET OVERVIEW
District 9 was one of the few areas in San Francisco that saw total sales of a single family home go up. A total of 73 homes were sold in Q4 2015, a 10.6 percent increase over Q4 2014. The increase in closed units did not affect buyer demand, as the average sales price also grew 8.9 percent, from $1,331,576 in Q4 2014 to $1,450,050 in Q4 2015. Buyers also quickly closed deals, as a single family home stayed on the market an average of 24 days in Q4 2015. Despite total sales slightly falling in Q4 2015, condominiums were still in high demand in District 9. Total sales of condominiums decreased 3.5 percent in Q4 2015, with the area closing 259 units in Q4 2014 to 250 units in Q4 2015. Buyers drove the average sales price up to $1,209,170, a 16.4 percent increase over Q4 2014.
AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET
90 $1,400,000
90
80 $1,200,000
80
70 $1,000,000 60
70
50$800,000
50
40$600,000
40
30 $400,000 20
30
60
20
$200,000 10
0
$-
2011
10 2011
2012 2012
20132013
San Francisco San Francisco
2014 2014
0
2015 2015
2011
District 99 District
2012
2013
2014
San Francisco
2015
District 9
2011
2012
2013
2014
2015
% Change (2015 v 2014)
AVERAGE LIST PRICE
$879,026
$907,292
$957,431
$1,009,800
$1,167,707
15.6%
AVERAGE SOLD PRICE
$820,527
$908,471
$983,846
$1,038,658
$1,209,170
16.4%
AVERAGE DAYS ON MARKET
77
53
39
37
36
-4.6%
TOTAL CONDOS SOLD
182
265
299
259
250
-3.5%
CONDOMINIUMS | Q4
15
SIGNIFICANT SALES | Q4 2015
PACIFIC HEIGHTS | Web: 0081635 | $12,500,000 | Buyer Represented San Francisco Brokerage | Ludovico Mazzola 415.296.2213
PACIFIC HEIGHTS | Web: 0087395 | $9,000,000 | Seller Represented San Francisco Brokerage | Caroline Kahn-Werboff 415.296.2210
COW HOLLOW | Web: 0087385 | $9,000,000 | Seller Represented San Francisco Brokerage | Janet Feinberg Schindler 415.265.5994
MARINA | Web: 0081777 | $7,100,000 | Buyer Represented San Francisco Brokerage | Rebecca Schumacher 415.928.3800
COW HOLLOW | Web: 0081734 | $6,995,000 | Buyer Represented San Francisco Brokerage | Carrie B. Goodman 415.624.4166
COW HOLLOW | Web: 0087641 | $5,150,000 | Seller Represented San Francisco Brokerage | Neill Bassi 415.412.3089
AUCTION CALENDAR FEB | MAR | APR | MAY 2016
Paul Gauguin | Nature morte aux mangos et à la fleur d’hibiscus Estimate £2-3m
RM Sotheby’s: Paris Paris 03 Feb
Watches London 08 Mar
Impressionist & Modern Art Evening Sale London 03 Feb
Important Ceramics by Pablo Picasso London 05 Ap
Contemporary Art Evening Auction London 10 Feb
20th Century Art / Middle East London 18 Apr
Finest & Rarest Wines New York 27 Feb
Orfèvrerie, Boîtes en Or et Objets de Vitrine Paris 04 May
We invite you to explore our real estate listings at 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: 00110466 | $5,200,000 SAN FRANCISCO, CA | Web: 0087635 | $5,500,000 HOUSTON, TX | Web: 1250301 | $5,499,000 RESORT MARKETS PEBBLE BEACH, CA | Web: 0474307 | $5,895,000 PALM BEACH, FL | Web: 0076834 | $5,995,000 MONTECITO, CA | Web: 0632357 | $5,495,000 FOREIGN MARKETS SPAIN | Web: NF2L59 | $5,584,178 FRANCE | Web: 5Q5HYV | $5,431,240 ISRAEL | Web: 9ZWTEE | $5,657,127 sothebysrealty.com