St. Helena, CA | web ID: 0244035
Wine Country Market Update First Quarter 2016 SONOMA & NAPA - WINE COUNTRY BROKERAGES 25 East Napa Street, Sonoma | t: 707.935.2288 722 Broadway Street, Sonoma | t: 707.939.2230 428 First Street East, Sonoma | t: 707.939.4460
sothebyshomes.com
All data within this document is pulled from the Bay Area Real Estate Information Services (BAREIS)
A MESSAGE FROM OUR MANAGER: Jonathan Soh
A MESSAGE FROM OUR MANAGER: Jonathan Soh
According to Bay Area Real Estate Information Services, both the sales volume and average sales price for single-family homes were up in Q1 2016 compared to Q1 2015 in most Wine Country markets. Following a slow Q1 2015, sales volume in Q1 2016 was up 26% in Sonoma Valley. The Healdsburg market boasted a 32% increase in sales volume during the same time period and the St. Helena market experienced a 68% increase, from $19.2M in Q1 2015 to $32.3M in Q1 2016. Of particular note, was the over $1M price category where the Sonoma Valley market had a 44% increase in sales volume in Q1 2016 vs. Q1 2015, the City of Sebastopol showed an 86% increase from $2.6M in Q1 2015 to $4.9M in Q1 2016, and the City of Petaluma showed a whopping 458% increase from $2.3M in Q1 2015 to $12.7M in Q1 2016. With numbers like these, it is no surprise that the average sales price continues to climb in the Wine Country. The average sales price for single-family homes in the City of Petaluma increased 25% in Q1 2016 over Q1 2015 from $550,000 to $689,000. It increased 24% in the City of Napa during the same time period from $700,000 to $870,000, and climbed 15% in the St. Helena market from $1.3M to $1.5M. Strong demand and low inventory continue to dominate the marketplace.
SONOMA VALLEY MARKET SUMMARY (SFH) The Sonoma Valley market for single family homes remains very strong. Total Sales Volume increased 26% from $61,670,270 in Q1 2015 to $77,535,050 in Q1 2016. The strongest price segments were $500K-$1M and over $1M, each showing a 44% increase in Sales Volume. The number of Units Sold increased 45% in the $500K-$1M price category and 22% in the over $1M price category. A total of 82 Units were sold in Q1 2016, and the Average Sales Price increased 23% from $770,878 in Q1 2015 to $945,549 in Q1 2016. The Average Sales Price in the Sonoma Valley market has increased a total 64% in the four years between Q1 2013 and Q1 2016 from $576,111 in Q1 2013 to $945,549 in Q1 2016.
Q1 2016 SONOMA VALLEY VOLUME 9%
< $500k $500k - $1.0M
52%
39%
$1.0M and up
ST. HELENA MARKET SUMMARY (SFH) The St. Helena market for single family homes was very robust in Q1 2016. Total Sales Volume increased 68% Q1 2016 over Q1 2015 from $19,224,400 in Q1 2015 to $32,321,000 in Q1 2016. Particularly noteworthy was the activity in the over $1M price category where there was 133% increase in Units Sold Q1 2016 over Q1 2015 and 105% increase in Sales Volume. The Average Sales Price in St. Helena increase 15% from $1,281,633 in Q1 2015 to $1,469,136 in Q1 2016. The Average Sales Price in St. Helena has increased a total of 69% in the four years between Q1 2013 and Q1 2016 from $871,481 in Q1 2013 to $1,469,136 in Q1 2016, further exemplifying strong demand in a market with a limited supply of properties for sale.
ST. HELENA VOLUME Q1 Q4-2014 2016 ST.-HELENA VOLUME 1%
18% < $500k $500k - $1.0M $1.0M and up
81%
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SIGNIFICANT SALES Q1 2016
left to right from top to bottom:
STEWARTS POINT | $4,750,000 SONOMA | $4,395,000 ST. HELENA | $3,895,000 GLEN ELLEN | $3,750,000 GLEN ELLEN | $3,325,000 SONOMA | $2,850,000 SONOMA | $2,800,000 SONOMA | $2,695,000 SONOMA | $1,900,000 sothebyshomes.com
SONOMA VALLEY
SINGLE FAMILY HOME SALES Approximately 40 miles north of San Francisco, Sonoma real estate is perfectly situated to maximize residentsâ&#x20AC;&#x2122; quality of life. Although world-renowned as a wine mecca, Sonoma maintains the tight-knit feel of a small community, with a charming downtown. In 1846, the California Republic declared its independence from Mexico, with Sonoma named the capital of this shortlived sovereign state. Consequently, Sonoma is known as the birthplace of California, a town rich in history surrounded by breathtaking natural beauty.
Q1 AVERAGE SALES PRICE (SFH) PRICE RANGE
% CHANGE
2013
2014
2015
2016
UP TO $500,000
$341,683
$374,747
$399,408
$447,933
12%
$500K - $1M
$692,052
$677,519
$675,823
$669,968
-1%
$1,000,000 AND UP
$1,493,178 $2,095,571 $1,574,340 $1,848,523
17%
(2016 v 2015)
$1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $2013
TOTALS
$576,111
$924,563
$770,878
$945,549
2014
Average List Price
23%
2015
2016
Average Sales Price
Q1 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE
% CHANGE
2013
2014
2015
2016
UP TO $500,000
50
29
31
15
-52%
$500K - $1M
22
35
31
45
45%
$1,000,000 AND UP
10
21
18
22
22%
TOTALS
82
85
80
82
3%
2013
2014
2015
2016
UP TO $500,000
$17,084,150
$10,867,663
$12,381,650
$6,719,000
-46%
$500K - $1M
$15,225,150
$23,713,173
$20,950,500
$30,148,550
44%
$1,000,000 AND UP
$14,931,775
$44,007,000
$28,338,120
$40,667,500
44%
TOTALS
$47,241,075
$78,587,836
$61,670,270
$77,535,050
26%
(2016 v 2015)
86 85 84 83 82 81 80 79 78 77 2013
2014
2015
2016
Q1 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2016 v 2015)
$90,000,000 $80,000,000 $70,000,000 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 $10,000,000 $-
SERVING SONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate
2013
2014
2015
2016
4
NAPA
SINGLE FAMILY HOME SALES
The City of Napa, at the southern end of Napa Valley, was incorporated in 1872, and reincorporated again in 1874 as the City of Napa. Napa became the primary business and economic center for the Napa Valley by the early 20th century. Napa is a world-class destination for wine country excursions with tasting bars and large wineries, including the Michael Mondavi Family Estate and the Domaine Carneros winery.
Q1 AVERAGE SALES PRICE (SFH) PRICE RANGE
% CHANGE
2013
2014
2015
2016
UP TO $500,000
$336,076
$379,699
$403,942
$436,585
8%
$500K - $1M
$678,031
$669,050
$670,788
$684,651
2%
$1,432,000
$1,561,717
$2,010,279
$2,391,060
19%
$486,113
$607,395
$703,344
$871,040
24%
$1,000,000 AND UP
(2016 v 2015)
$1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2013
TOTALS
2014
Average List Price
2015
2016
Average Sales Price
Q1 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE
2013
2014
2015
2016
127
66
75
41
% CHANGE (2016 v 2015)
200 180 160
UP TO $500,000
-45%
140 120
$500K - $1M
50
58
73
92
26%
$1,000,000 AND UP
10
12
19
23
21%
TOTALS
187
136
167
156
-7%
2013
2014
2015
2016
UP TO $500,000
$42,681,621
$25,060,151
$30,295,636
$17,900,003
$500K - $1M
$33,901,550
$38,804,920
$48,967,499
$62,987,935
29%
$1,000,000 AND UP
$14,320,000
$18,740,600
$38,195,295
$54,994,375
44%
TOTALS
$90,903,171
$82,605,671
$117,458,430
$135,882,313
16%
100 80 60 40 20 2013
2014
2015
2016
Q1 CLOSED VOLUME (SFH) PRICE RANGE
5
% CHANGE (2016 v 2015) -41%
$160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $2013
2014
2015
2016
ST. HELENA
SINGLE FAMILY HOME SALES Located north of Napa, Yountville and Oakville, St. Helena is referred to as the heart of Napa Valley. St. Helena has a population of just 5,000 people, spans approximately four square miles and is home to some of the best wineries, restaurants and shopping in Wine Country as well as some of the most exquisite estate properties in Wine Country.
Q1 AVERAGE SALES PRICE (SFH) PRICE RANGE
% CHANGE
2013
2014
2015
2016
UP TO $500,000
$401,667
$475,000
-
$350,000
-
$500K - $1M
$730,353
$783,857
$723,556
$841,143
16%
$2,118,750
$1,863,071
-12%
$1,000,000 AND UP TOTALS
$1,506,250 $871,481
$2,556,333 $1,704,059
(2016 v 2015)
$2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $2013
$1,281,633
$1,469,136
2014
Average List Price
15%
2015
2016
Average Sales Price
Q1 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE
% CHANGE
2013
2014
2015
2016
UP TO $500,000
3
1
-
1
-
$500K - $1M
17
7
9
7
-22%
(2016 v 2015)
30 25 20 15 10
$1,000,000 AND UP
6
9
6
14
133%
TOTALS
26
17
15
22
47%
2013
2014
2015
2016
UP TO $500,000
$1,205,000
$475,000
-
$350,000
-
$500K - $1M
$12,416,000
$5,487,000
$6,512,000
$5,888,000
-10%
$1,000,000 AND UP
$9,037,500
$23,007,000
$12,712,500
$26,083,000
105%
$19,224,500
$32,321,000
68%
5 2013
2014
2015
2016
Q1 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2016 v 2015)
$35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $-
TOTALS
$22,658,500
$28,969,000
SERVING SONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate
2013
2014
2015
2016
6
HEALDSBURG
SINGLE FAMILY HOME SALES
The quaint hamlet of Healdsburg, located at the gateway of Sonoma Countyâ&#x20AC;&#x2122;s diverse wine growing region, is just 75 miles north of San Francisco. Healdsburg is a vibrant community with world-wide recognition as a popular destination for visitors looking to experience the American Tuscany. It is a welcome retreat, catering to its visitors and residents with first class hotels, spas, restaurants and boutiques. Many Victorian and Craftsman style homes reflect the towns rich 150 year old heritage.
Q1 AVERAGE SALES PRICE (SFH) PRICE RANGE
% CHANGE
2013
2014
2015
2016
UP TO $500,000
$369,418
$393,308
$436,400
$403,750
-7%
$500K - $1M
$664,317
$747,125
$731,237
$703,709
-4%
$2,220,833
$1,716,517
$2,016,830
$1,954,046
-3%
$1,000,000 AND UP
(2016 v 2015)
$1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $2013
TOTALS
$754,872
$855,675
$1,139,861 $1,038,254
2014
Average List Price
-9%
2015
2016
Average Sales Price
Q1 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE UP TO $500,000
2013
2014
2015
2016
20
13
5
4
% CHANGE
50
(2016 v 2015)
45
-20%
35
40 30
$500K - $1M
12
16
15
28
87%
$1,000,000 AND UP
6
9
11
13
18%
TOTALS
38
38
31
45
45%
2013
2014
2015
2016
UP TO $500,000
$7,388,350
$5,113,000
$2,182,000
$1,615,000
-26%
$500K - $1M
$7,971,800
$11,954,000
$10,968,550
$19,703,850
80%
$1,000,000 AND UP
$13,325,000
$15,448,650
$22,185,133
$25,402,600
15%
TOTALS
$28,685,150
25 20 15 10 5 2013
2014
2015
2016
Q1 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2016 v 2015)
$50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000
7
$10,000,000 $5,000,000
$32,515,650
$35,335,683
$46,721,450
32%
$2013
2014
2015
2016
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ON THE MARKET
left to right from top to bottom:
SONOMA VALLEY SONOMA | Web: 1190316 | $2,875,000 SONOMA | Web: 1190359 | $2,390,000 GLEN ELLEN | Web: 0243881 | $1,359,000 NAPA VALLEY CALISTOGA | Web: 0244045 | $7,900,000 ST. HELENA | Web: 0244007 | $4,999,900 NAPA | Web: 1190363 | $1,698,000 OTHER MARKETS HEALDSBURG | Web: 0087700 | $3,950,000 SEBASTOPOL | Web: 1190291 | $2,599,000 THE SEA RANCH | Web: 1190362 | $245,000 sothebysrealty.com
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ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110660 | $3,000,000 SAN FRANCISCO, CA | Web: 0087754 | $3,298,000 LOS ANGELES, CA | Web: 0308615 | $3,195,000 RESORT MARKETS PALM BEACH, FL | Web: 0075998 | $3,950,000 EAST HAMPTON, NY | Web: 0043063 | $3,500,000 MONTECITO, CA | Web: 0632458 | $3,195,000 FOREIGN MARKETS GERMANY | Web: VHZHL2 | $3,853,027 CANADA | Web: X3PBBL | $3,727,410 THAILAND | Web: SMRD4M | $3,828,158 sothebysrealty.com
AUCTION CALENDAR MAY 2016
© 2016 Calder Foundation, New York / Artists Rights Society (ARS), New York
Property Formerly in the Collection of Alfred H. Barr, Jr. Alexander Calder Untitled, circa 1942 Estimate $2,500,000-3,500,000
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