Sonoma County, CA | web ID: 1190238
Wine Country Luxury Market Update Fourth Quarter 2015 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
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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, Average Sales Price for single family homes was up in the Fourth Quarter of 2015 compared to Fourth Quarter of 2014 in most Wine Country markets. By comparison, the Number of Units sold was down in most Wine Country markets, reflecting low inventory yet strong demand. Of particular interest, is the increase in activity of single family homes priced over $1,000,000. Average Sales Price in the Sonoma Valley and the City of Napa experienced 21% and 27% increases (respectively) in this price category between Q4 2014 and Q4 2015. The Petaluma market experienced a 267% increase in the Number of Units sold over $1,000,000 from 3 units in Q4 2014 to 11 units in Q5 2015 and a 272% increase in Total Sales Volume from $3,760,000 in Q4 2014 to $13,978,293 in Q4 2015. The St. Helena market showed a strong comeback from the August 2014 earthquake with an increase of Average Sales Price of 78% from $1,053,544 in Q4 2014 to $1,873,341 in Q4 2015 and an increase of Total Sales Volume of 15% from $35,820,500 in Q4 2014 and $41,213,500 in Q4 2015.
SONOMA VALLEY MARKET SUMMARY (SFH) The Sonoma Valley market for single family homes remains strong. Average Sales Price increased by 23% from $853,651 in Q4 2014 to $1,046,735 in Q4 2015, however, a lack of inventory contributed to a decrease in the Number of Units sold by 22%, from 129 units in Q4 2014 to 101 units in Q4 2015. The most noticeable drop was in the $500K or less price range, where the Number of Units sold dropped 56% from 39 units in Q4 2014 to 17 units in Q4 2015. This obvious trend of fewer homes sold in the lower price range is a direct result of price appreciation in the Sonoma Valley. The Average Sales Price in Sonoma Valley has increased a total of 43% in the three years between Q4 2012 and Q4 2015.
Q4 2015 SONOMA VALLEY VOLUME 7%
< $500k
37%
56%
$500k - $1.0M $1.0M and up
NAPA MARKET SUMMARY (SFH) The market in the City of Napa had a very strong Fourth Quarter. Total Sales Volume for single family homes increased 29% from $129,953,384 in Q4 2014 to $167,341,366 in Q4 2015. Particularly noteworthy is the price range $1,000,000 and up, which experienced a 74% increase from $40,747,000 in Q4 2014 to $70,980,857 in Q4 2015. While the Number of Units sold overall remained static, the Number of Units sold in the $1,000,000 and up category increased 38% from 24 units in Q4 2014 to 33 units in Q4 2015. Similar to the Sonoma Valley, there is an obvious trend of increased Average Sales Price in the City of Napa, where there was a 29% increase from $694,938 in Q4 2014 to $899,685 in Q5 2015.
Q4 2015 NAPA VOLUME 10%
< $500k
42%
$500k - $1.0M $1.0M and up
48%
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SIGNIFICANT SALES Q4 2015
left to right from top to bottom:
SONOMA VALLEY GLEN ELLEN | $6,995,000 SONOMA | $2,800,000 KENWOOD | $2,695,000 NAPA VALLEY ST. HELENA | $11,995,000 YOUNTVILLE | $1,240,000 NAPA | $869,000 OTHER MARKETS SEBASTOPOL | $2,895,000 PETALUMA | $725,000 SANTA ROSA | $495,000 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.
Q4 AVERAGE SALES PRICE (SFH) PRICE RANGE
% CHANGE
2012
2013
2014
2015
UP TO $500,000
$333,631
$386,717
$404,244
$429,006
6%
$500K - $1M
$688,919
$676,885
$677,571
$712,407
5%
(2015 v 2014)
$1,200,000 $1,000,000
$1,000,000 AND UP
$1,935,850 $1,672,423 $1,688,907 $2,042,921
21%
$800,000 $600,000 $400,000 $200,000 $2012
TOTALS
$732,767
$752,012
$853,651
$1,046,735
23%
2013
Average List Price
2014
2015
Average Sales Price
Q4 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE
% CHANGE
2012
2013
2014
2015
UP TO $500,000
56
47
39
17
-56%
$500K - $1M
39
41
57
55
-4%
$1,000,000 AND UP
20
22
33
29
-12%
TOTALS
115
110
129
101
-22%
2012
2013
2014
2015
UP TO $500,000
$18,683,349
$18,175,700
$15,765,520
$7,293,100
-54%
$500K - $1M
$26,867,850
$27,752,280
$38,621,530
$39,182,410
1%
$1,000,000 AND UP
$38,717,000
$36,793,295
$55,733,945
$59,244,700
6%
TOTALS
$84,268,199
$82,721,275
$110,120,995
$105,720,210
-4%
(2015 v 2014)
140 120 100 80 60 40 20 2012
2013
2014
2015
Q4 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2015 v 2014)
$120,000,000 $100,000,000 $80,000,000 $60,000,000 $40,000,000 $20,000,000 $-
SERVING SONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate
2012
2013
2014
2015
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.
Q4 AVERAGE SALES PRICE (SFH) PRICE RANGE
% CHANGE
2012
2013
2014
2015
UP TO $500,000
$325,088
$380,195
$416,263
$421,343
1%
$500K - $1M
$632,963
$654,480
$658,939
$698,691
6%
$1,000,000 AND UP
$2,952,083
$1,752,781
$1,697,792
$2,150,935
27%
TOTALS
$619,448
$596,825
$694,938
$899,685
29%
(2015 v 2014)
$1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2012
2013
Average List Price
2014
2015
Average Sales Price
Q4 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE
% CHANGE
2012
2013
2014
2015
UP TO $500,000
177
108
75
38
-49%
$500K - $1M
58
85
88
115
31%
(2015 v 2014)
300 250 200 150 100
$1,000,000 AND UP
22
16
24
33
38%
TOTALS
257
209
187
186
-1%
2012
2013
2014
2015
UP TO $500,000
$57,540,554
$41,061,100
$31,219,713
$16,011,025
-49%
$500K - $1M
$36,711,863
$55,630,832
$57,986,671
$80,349,484
39%
$1,000,000 AND UP
$64,945,836
$28,044,500
$40,747,000
$70,980,857
74%
TOTALS
$159,198,253
50 2012
2013
2014
2015
Q4 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2015 v 2014)
$180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000
5
$40,000,000 $20,000,000
$124,736,432 $129,953,384
$167,341,366
29%
$2012
2013
2014
2015
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.
Q4 AVERAGE SALES PRICE (SFH) PRICE RANGE
% CHANGE
2012
2013
2014
2015
UP TO $500,000
$420,000
$415,194
$443,333
$457,000
3%
$500K - $1M
$816,038
$714,000
$750,024
$772,400
3%
$1,000,000 AND UP
$2,111,643
$2,105,714
(2015 v 2014)
$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000
$1,874,000 $3,002,955
60%
$2012
TOTALS
$1,414,190
$1,457,503
$1,053,544
$1,873,341
2013
Average List Price
78%
2014
2015
Average Sales Price
Q4 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE
% CHANGE
40
2012
2013
2014
2015
UP TO $500,000
2
3
3
1
-67%
30
$500K - $1M
13
8
21
10
-52%
20
$1,000,000 AND UP
14
14
10
11
10%
10
-35%
-
TOTALS
29
25
34
22
2012
2013
2014
2015
$840,000
$1,245,582
$1,330,000
$500K - $1M
$10,608,500
$5,712,000
$1,000,000 AND UP
$29,563,000
TOTALS
$41,011,500
(2015 v 2014)
35
25
15
5 2012
2013
2014
2015
Q4 CLOSED VOLUME (SFH) PRICE RANGE UP TO $500,000
% CHANGE (2015 v 2014)
$42,000,000
$457,000
-66%
$40,000,000
$15,750,500
$7,724,000
-51%
$29,480,000
$18,740,000
$33,032,500
76%
$36,437,582
$35,820,500
$41,213,500
15%
$41,000,000 $39,000,000 $38,000,000 $37,000,000 $36,000,000 $35,000,000 $34,000,000 $33,000,000
SERVING SONOMA AND NAPA | sothebyshomes.com/sonoma-real-estate
2012
2013
2014
2015
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.
Q4 AVERAGE SALES PRICE (SFH) PRICE RANGE
% CHANGE
2012
2013
2014
2015
UP TO $500,000
$356,161
$392,107
$389,985
$453,409
16%
$500K - $1M
$668,889
$743,370
$674,975
$735,449
9%
$1,000,000 AND UP
$2,162,273
$1,638,818
$1,854,786
$1,672,740
-10%
(2015 v 2014)
$1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $2012
TOTALS
$781,100
$866,676
$874,710
$856,035
2013
Average List Price
-2%
2014
2015
Average Sales Price
Q4 CLOSED UNITS: # OF SIDES (SFH) PRICE RANGE
2012
2013
2014
2015
UP TO $500,000
31
14
14
$500K - $1M
18
15
$1,000,000 AND UP
11
TOTALS
60
% CHANGE
70
(2015 v 2014)
60
11
-21%
50
20
31
55%
11
11
10
-9%
40
45
52
16%
2012
2013
2014
2015
UP TO $500,000
$11,041,000
$5,489,500
$5,459,783
$4,987,500
-9%
$500K - $1M
$12,040,000
$11,150,556
$13,499,500
$22,798,925
69%
$1,000,000 AND UP
$23,785,000
$18,027,000
$20,402,645
$16,727,400
-18%
TOTALS
$46,866,000
40 30 20 10 2012
2013
2014
2015
Q4 CLOSED VOLUME (SFH) PRICE RANGE
% CHANGE (2015 v 2014)
$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
$34,667,056
$39,361,928
$44,513,825
13%
$2012
2013
2014
2015
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ON THE MARKET
left to right from top to bottom:
SONOMA VALLEY SONOMA | Web: 0243927 | $5,275,000 KENWOOD | Web: 0243787 | $3,750,000 GLEN ELLEN | Web: 1190318 | $1,295,000 NAPA VALLEY ST. HELENA | Web: 0243948 | $7,400,000 CALISTOGA | Web: 0087549 | $4,995,000 NAPA | Web: 1190310 | $1,135,000 OTHER MARKETS CLEARLAKE OAKS | Web: 1190320 | $13,200,000 HEALDSBURG | Web: 0087614 | $5,950,000 THE SEA RANCH | Web: 1190322 | $1,375,000 sothebysrealty.com
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ON THE MARKET
left to right from top to bottom:
METROPOLITAN MARKETS NEW YORK, NY | Web: 00110344 | $3,300,000 HOUSTON, TX | Web: 1240638 | $3,595,000 LOS ANGELES, CA | Web: 0355516 | $3,295,000 RESORT MARKETS MALIBU, CA | Web: 1300085 | $3,650,000 SAG HARBOR, NY | Web: 0046914 | $3,650,000 SANTA BARBARA, CA | Web: 0593005 | $3,750,000 FOREIGN MARKETS GERMANY | Web: YYRWLR | $3,584,619 ITALY | Web: EJTHMF | $3,475,994 ISRAEL | Web: FZMR3K | $3,857,132 sothebysrealty.com
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
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