Table of Contents Letter from the President
Page 4
Regional Market Trends
Page 5
The Luxury Market
Page 8
San Francisco County
Page 12
San Mateo County
Page 16
Marin County
Page 18
Napa County
Page 20
Sonoma County
Page 22
Alameda County
Page 24
Contra Costa County
Page 26
Counties Represented
Napa Sonoma Marin Contra Costa San Francisco
Alameda
San Mateo
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 3 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Letter from the President
Charles Moore President and CEO
Despite Inventory Shortage, Q1 2017 Shows Signs of Market Health At a time when limited inventory and skyrocketing prices have become the norm, Q1 2017 exhibited healthy enough activity to both satisfy sellers and also provide prospective buyers with a bit of optimism. The two main themes this quarter were steady average sales price growth and a slight bump in overall sales volume from the shortcomings witnessed in Q1 2015 and Q1 2016. In relation to sales prices, steady is a key word here: The double-digit percentage hikes that have become commonplace in the Bay Area over the past few years were replaced by a healthier 5 percent overall average sales price gain from Q1 2016. While this number should remain encouraging to sellers, it should also give buyers the perspective that if they can successfully navigate the still-depleted market, they generally won’t be doing so at a time of astronomical price increases. It also comes as a welcome buyer sign that this increase was below the 7.5 percent median list price increase reported nationwide in March. As for the lingering inventory concerns, there’s no denying that availability will continue to factor heavily into market navigation and list prices for the foreseeable future. That said, the 6,260 homes sold this quarter across all seven counties was a subtlebut-encouraging 4 percent year-over-year increase. “Q1 2017 exhibited healthy enough activity to both This activity included more affordable areas like Napa County experiencing its highest Q1 sales satisfy sellers and also provide prospective buyers volume since 2012 and Alameda and Contra Costa Counties up 5 percent and 7 percent in year-overwith a bit of optimism.” year sales volume, respectively. The East Bay luxury sector—as defined by the top 10 percent of homes sold—also saw massive sales volume growth, to the tune of a 66 percent gain year-over-year. As we look toward Q2, a healthy and finally (somewhat) stabilized market should bring more sellers out of the woodwork. Buyers will still have to contend with strong competition and quickening turnover rates. That said, the CALIFORNIA ASSOCIATION OF REALTORS® estimate of a 4.3 percent increase on state median sales price gains for 2017—spelling the lowest forecasted gains in six years—seems reasonable, as does its projection of a modest increase in overall sales. Buyers should also be enthused that the market looks to remain hot—as opposed to blazing—as ongoing growth speaks to a confident return on investment. Lastly, they shouldn’t be intimidated by huge list prices, as sellers are often vastly overshooting (see: the 14 percent loss on list price for sellers who tested the Q1 2017 Mid-Peninsula market). As for sellers, they can simply continue to ride the wave of the most desirable major market in the nation.
Download the complete Quarterly Report at: mcguire.com/quarterly_report * Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 4 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Regional Market Trends The Q1 2017 market remained strong, with sales prices up an average of 5 percent across the seven Bay Area counties that we serve. Adding to the health of these gains was a slight 4 percent uptick on overall sales volume from the severely low tally witnessed a year prior. While homes began to move a bit more rapidly than in quarters past, and inventory remains very low, buyers can take some comfort in the fact that price gains aren’t generally seeing the double-digit percentage gains that became customary in 2015 and 2016. The city’s $1.761 million average home sales price and $1.3 million average condominium sales price were up 4 percent and 5 percent year-over-year, respectively. Both sectors also displayed healthy year-over-year sales volume gains of 9 percent. The only minor factor that seemed out of line with this quarter’s overall trends was the slight rise in the average days on market (DOM) from the previous year. This quarter showed the type of performance that city buyers have been looking for—modest growth in average sales prices, sales volume slightly up, and homes not fleeing the market as rapidly as in the past. The East Bay also exemplified these more general trends of the Bay Area’s first quarter. Alameda County posted its second-highest average sales mark on record, although only at a gain of 7 percent from Q1 2016. In turn, Contra Costa County posted its fourth-highest mark of $718,957—a 5 percent gain year-over-year. These two counties with the highest sales volume totals in the Bay Area also posted year-overyear gains of 5 percent in Alameda and 7 percent in Contra Costa. The East Bay’s average DOM, while in line with recent trends, saw the average home selling in less than four weeks. The North Bay was more scattered in its behavior, but as a whole, these three counties were in line with general first quarter trends. Napa County saw its average sales price drop 9 percent from the previous year. Yet at the same time it witnessed a 16 percent gain in year-overyear sales volume—its highest Q1 figure since 2012. Conversely, Marin and Sonoma Counties saw eye-popping gains in average home sales prices of 13 percent and 12 percent, respectively. These two counties experienced the third-lowest sales volume tallies in the past eight years. The Mid-Peninsula saw a 3 percent gain on average sales price, a speedy 26 DOM average for its seven-figure price range, and its lowest sales volume in seven years. Buyers should expect that last number to swing dramatically upward as sellers jump off the sideline for a busy second quarter of the year.
All REGIONS
$2,000
Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Quantity
Q1 2017
$978,609
38
$518
6,260
change
-3%
3%
4%
-27%
Q4 2016
$1,004,501
37
$499
8,543
Q1 2017
$978,609
38
$518
6,260
change
5%
-4%
7%
4%
Q1 2016
$927,758
39
$486
6,000
Average Sales Price Five Years/Quarter (in thousands)
$1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 0 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
East Bay
North Bay
Mid-Peninsula
San Francisco
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 5 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Regional Market Share The Bay Area netted $6.126 billion in total sales this quarter for its 6,260 homes sold. The East Bay provided 60 percent of all sales and 49 percent of the cash share. The Mid-Peninsula contributed 11 percent of all sales and 18 percent of total cash share. The North Bay claimed 22 percent of all sales and 22 percent of total cash share. San Francisco added 6 percent of all sales and 11 percent of total cash share. None of these numbers were abnormal, although the East Bay’s market dominance was slightly more pronounced than in recent quarters.
6+11+2260A 11+18+2249A Market Share by Unit
Market Share by Volume
San Francisco 6%
San Francisco 11%
Mid-Peninsula 11%
Mid-Peninsula 18%
North Bay 22%
North Bay 22%
East Bay 60%
East Bay 49%
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 6 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Quantity Sold by Price Single-Family Homes North Bay: 1,407 Marin, Napa, Sonoma
East Bay: 3,763 Contra Costa, Alameda
San Francisco: 381
> $5,000,000 < $4,000,000
Mid-Peninsula: 709
< $3,000,000 < $2,000,000 < $1,000,000 > $1,000,000
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 7 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
The Luxury Market Defined by the top 10 percent of an area’s sales, the luxury market showed slightly counterintuitive to trends to those seen in the general market. Here we saw a mix of noticeable average sales price dips combined with some massive upswings in sales volume. Given the smaller size of this data pool—and the fact that many of the Bay Area’s highest-priced homes have already passed through the market—any major gains or losses here shouldn’t be viewed with the same scrutiny one might apply to the general market. The most interesting market activity took place in the East Bay. The region’s average $1.808 million luxury home sale was down 13 percent year-over-year. However, this drop was easily offset by the 376 homes sold up a massive 66 percent from the 227 sales in the previous year. Average DOM was up 17 percent from the previous year and 33 percent from the previous quarter. The combination of these three factors points to an East Bay luxury sector that is at one of its most attractive points for sellers in several years. San Francisco’s $4.77 million average home sale showed no noticeable gain from a year prior. Its 45 luxury home sales were up from the 35 total that occurred in Q1 2016. The average 45 DOM also moved at a 16 percent slower pace compared to the previous year. As was the case in the East Bay, these numbers should encourage buyers looking to navigate the small terrain of San Francisco luxury properties. The Mid-Peninsula’s luxury market experienced slightly different trends during this first quarter of the year, with its $3.948 million average sale down 7 percent year-over-year. Its 71 homes sold in total was also slightly down from the 76 total homes sold last year. Sellers can be reassured that this market is still red-hot, as was evidenced by the 31 DOM average for Mid-Peninsula luxury homes—a 28 percent faster rate than a year prior, and a 47 percent faster rate than in the previous quarter. Finally, the North Bay provided a bit more predictability and stability. Its $2.904 million average home sale was up 9 percent year-over-year, and its 140 total sales were right in line with those of Q1 2016. The average 111 DOM here moved at 12 percent faster rate year-over-year.
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 8 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
SAN FRANCISCO Average Sales Price
Quantity
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$4,769,467
45
34
$1,164
change
-16%
-26%
-29%
26%
Q4 2016
$5,653,904
61
48
$927
Q1 2017
$4,769,467
45
34
$1,164
change
0%
29%
16%
-13%
Q1 2016
$4,790,053
35
29
$1,341
Average Sales Price
Quantity
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$3,948,458
71
31
$1,178
change
-22%
-37%
-47%
1%
Q4 2016
$5,073,058
113
59
$1,169
Q1 2017
$3,948,458
71
31
$1,178
change
-7%
-7%
-28%
-2%
Q1 2016
$4,225,063
76
44
$1,197
Average Sales Price
Quantity
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$2,903,692
140
111
$855
change
11%
-24%
18%
-3%
Q4 2016
$2,614,229
184
94
$879
Q1 2017
$2,903,692
140
111
$855
change
9%
2%
-12%
4%
Q1 2016
$2,663,612
137
126
$820
Average Sales Price
Quantity
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$1,807,935
376
48
$568
change
2%
-26%
33%
2%
Q4 2016
$1,764,081
507
36
$558
Q1 2017
$1,807,935
376
48
$568
change
-13%
66%
17%
4%
Q1 2016
$2,074,758
227
41
$548
MID-PENINSULA
NORTH BAY
EAST BAY
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 9 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Bay Area Luxury Market Share The Mid-Peninsula continued to lead the luxury market in sales volume at 34 percent and cash share at 33 percent during the first quarter of 2017. San Francisco accounted for 20 percent of all sales and a strong 23 percent of cash share. The East Bay contributed 24 percent of all sales and 20 percent of cash share. The North Bay’s 22 percent of total sales and 24 percent of cash share were the most common figures in terms of recent trends. In all, the 635 luxury homes sold across the Bay Area’s seven counties accounted for a total of $1.727 billion.
20+34+2224A 23+33+2420A Market Share by Unit
Market Share by Volume
San Francisco 20%
San Francisco 23%
Mid-Peninsula 34%
Mid-Peninsula 33%
North Bay 22%
North Bay 24%
East Bay 24%
East Bay 20%
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 10 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Sales Trends Luxury Homes
Price Range As a Percent of Sales $0-$500K
$500K-$1M
$1M-$2M
Price Per Square Foot
$2M-$3M
$3M-$5M
> $1,000/sqft >= $1,000/sqft >= $900/sqft
$5M+
>= $700/sqft >= $500/sqft
San Francisco Single-Family Homes
Q1 2017 Q4 2016 Q1 2016
0%
< $500/sqft 20%
40%
60%
80%
100%
=+0290460 + 130 + 90 + 30+ =250 +0 +510120 + 80 + 40+ =10+290+470130 + 70 + 30+ 29%
25%
1%
29%
46%
13%
9%
3%
51%
12%
8%
3%
7%
3%
47%
13%
Mid-Peninsula 0%
Q1 2017 Q4 2016 Q1 2016
20%
40%
60%
80%
100%
=10350 + 440 + 120 + 60 + 10+ =360 +0 470 + 100 + 40+20+ =10410 + 410 + 100 + +5020+ 1%
35%
44%
36%
1%
12%
6%
1%
47%
10%
5%
2%
41%
10%
5%
2%
41%
North Bay 0%
Q1 2017 Q4 2016 Q1 2016
20%
40%
60%
80%
100%
=270500 + 170 + 30+10+10+ =210+530190 + 40+10+10+ =370410 + 150 + 40+20+10+ 28%
50%
21%
53%
38%
41%
17%
3%
1% 1%
19%
4%
1% 1%
15%
4%
2% 1%
East Bay 0%
Q1 2017 Q4 2016 Q1 2016
20%
40%
60%
80%
100%
=270+510200 + 20+ =270+510200 + 15+3+2 =340470 + 170 + 20+3+2 27%
49%
27%
51%
34%
47%
21%
1% .37% .05%
20%
2% .44% 0.02%
17%
2% .3% 0.06%
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 11 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
San Francisco County Single-Family Homes With demand as strong as ever, San Francisco saw its average home sales price of $1.761 million up 4 percent from Q1 2016, and at its fourth-highest peak in market history. Supply remained tight, with only 381 homes selling this quarter. While this sales volume figure was low from a historical standpoint, it was still a 9 percent gain year-over-year. This slight uptick combined with more sellers entering the fray after holding out in Q4 2016 should translate to a wealth of opportunities for prospective buyers with cash in hand as we enter the busy spring season. The average 35 DOM this quarter was very much in line with typical San Francisco sales behavior.
SAN FRANCISCO - SFH Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$1,761,226
35
$877
change
-4%
2%
1%
Q4 2016
$1,833,211
34
$870
Q1 2017
$1,761,226
35
$877
change
4%
15%
2%
Q1 2016
$1,688,739
31
$862
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 12 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
5169+ 62+ 68+ 49+ 73+ 67+ 67+ 45+ 59+ 60+ 65+ 40+ 61+ 57+ 62+ 35+ 61+ 54+ 61+ 38+ Quantity Sold — Five Years/Quarter
700 600 500 400 300 200 100 0
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
$1,800 $1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900
48+5752+6458+6865+6870+7770+7785+9075+8284+8880+9088 Average Sales Price Five Years/Quarter (in thousands)
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Sales Price Change
Sellers aggressively tested the market’s ceiling this quarter. For some, the risk played out quite favorably, as those who required no price change netted 14 percent on top of initial list price—a Bay Area high for the quarter. The flipside of the equation was that those who tested the market ended up seeing an 11 percent drop on initial list price—the second-largest downward deviation amongst all seven counties. without price change
with price change
Q1 2017
Sales
14%
-11%
Q1 2016
14%
-8%
Average Sales Price by Neighborhood - The Top 10
As is typical in first quarter of each year, it was difficult gauge San Francisco’s granular area gains due to a dearth of sales. That said, the city’s North side remained extremely strong, with activity including three sales at over $10 million in Presidio Heights and a handful sales at $5 million or above across several parts of the city.
Neighborhood
Q1 2017
Q1 2016
change
Presidio Heights
$8,332,500
$2,800,000
198%
Alamo Square
$7,350,000
N/A
N/A
Pacific Heights
$5,440,833
$6,519,833
-17%
Sea Cliff
$5,375,000
$3,887,500
38%
Cole Valley/Parnassus Hgts
$4,450,000
$2,966,667
50%
North Panhandle
$3,500,000
N/A
N/A
Marina District
$3,260,000
$3,023,750
8%
< $700/sqft
Hayes Valley
$3,250,000
$1,475,000
120%
< $500/sqft
Eureka Valley/Dolores Hgts
$3,045,781
$2,300,000
32%
Buena Vista/Ashbury Hgts
$3,010,000
$3,359,233
-10%
San Francisco Single-Family Home Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 13 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
San Francisco County Condominiums The ongoing strength of San Francisco’s condominium market carried into the start of the year, with its average $1.3 million sales up 5 percent year-over-year, making it the highest figure in city history. This also marked the sixth straight quarter in which city units have averaged more than $1.198 million—illustrating a prolonged pattern of both predictability and strength. This activity occurred while 471 units moved—the highest Q1 figure since 2014 and a 9 percent year-over-year gain. The average 38 DOM showed a slightly slower rate of turnaround than the 34 seen in Q1 2016. All these factors point to a market that, while seller-leaning, is consistent enough to afford opportunities to those willing to make a large investment that shows no signs of depreciation.
SAN FRANCISCO - CONDOMINIUMS Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$1,299,971
38
$1,043
change
6%
-3%
2%
Q4 2016
$1,229,507
39
$1,019
Q1 2017
$1,299,971
38
$1,043
change
5%
11%
0%
Q1 2016
$1,242,147
34
$1,045
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 14 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
4669+ 66+ 58+ 50+ 75+ 69+ 66+ 53+ 71+ 61+ 59+ 46+ 65+ 51+ 59+ 43+ 59+ 56+ 60+ 47+ Quantity Sold — Five Years/Quarter
700 600 500 400 300 200 100 0
39+3841+ 46+ 50+4951+525854+ 55+6162+6061+6263+62 +63 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
$1,300 $1,200 $1,100 $1,000 $900 $800 $700
Average Sales Price Five Years/Quarter (in thousands)
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Sales Price Change
The stabilized pricing seen over the past two years has created for a market in which buyers and sellers both have a good idea of what to expect. Those who required no price change netted a healthy 5 percent on top of initial listing and those who tested the market recovered 93 percent of their initial ask. Sales Q1 2017 Q1 2016
without price change
with price change
5%
-7%
6%
-9%
Average Sales Price by Neighborhood - The Top 10
Double digit percentage gains were had in the majority of the city’s condominium sectors. Among the most impressive were year-over year gains of 49 percent in South of Market, 39 percent in the Inner Richmond, and 20 percent in Mission Dolores.
Neighborhood
Q1 2017
Q1 2016
change
Russian Hill
$2,649,306
$2,330,000
14%
Presidio Heights
$2,137,500
$2,312,500
-8%
Financial District
$1,929,167
$1,695,833
14%
Mission Dolores
$1,886,100
$1,575,071
20%
Laurel Heights
$1,787,500
$1,110,000
61%
Pacific Heights
$1,767,253
$1,974,988
-11%
Duboce Triangle
$1,721,250
$1,225,000
41%
< $700/sqft
Alamo Square
$1,683,900
$850,000
98%
< $500/sqft
Noe Valley
$1,568,833
$1,235,135
27%
Inner Richmond
$1,564,167
$1,123,750
39%
San Francisco Condominium Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 15 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
San Mateo County Single-Family Homes The Mid-Peninsula’s high demand and constrained supply led to another quarter of comfortable gains for sellers coupled with limited market movement. The $1.569 million average sale here was up 3 percent yearover-year, and marked the ninth consecutive quarter in which the Mid-Peninsula has topped $1.5 million. As many sellers waited on the sidelines for what looks to be a promising Q2 2017, only 709 homes sold across San Mateo County. This marked the lowest quarterly sales volume tally since 2011. The rapid pace of average 26 DOM further exemplified what a tight and in-demand market we have at hand. While pricing will stay high, buyers should expect a much wider array of options as spring kicks into gear.
SAN MATEO COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$1,569,038
26
$841
change
-5%
-15%
3%
Q4 2016
$1,659,790
30
$816
Q1 2017
$1,569,038
26
$841
change
3%
-8%
5%
Q1 2016
$1,525,064
28
$804
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 16 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
4064+ 53+ 55+ 41+ 65+ 62+ 55+ 41+ 66+ 66+ 55+ 36+ 70+ 69+ 50+ 38+ 63+ 56+ 56+ 37+ Quantity Sold — Five Years/Quarter
1400 1200 1000 800 600 400 200 0
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
$1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900
53+45 5652+ 5864+ 6562+ 7274+ 7170+ 7782+ 8078+ 7687+ 8283+ 78 Average Sales Price Five Years/Quarter (in thousands)
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Sales Price Change
Several San Mateo County sellers priced boldly during the first quarter of 2017. While those who required no price change netted 5 percent on top of initial listing, the 14 percent loss on asking price for those who tested the market was the largest drop-off amongst all seven counties. Sales Q1 2017 Q1 2016
without price change
with price change
%
5
-14%
6%
-15%
Average Sales Price by City The Top 10
For the first four months in 2017, the average price per square foot of a single-family home in Burlingame has been at or above $1,000. Furthermore, Burlingame saw its average home sales price rise 6 percent year-over-year. Another impressive figure was the city of San Mateo’s 16 percent gain in average sales price from Q1 2016.
City
Q1 2017
Q1 2016
change
Atherton
$4,771,364
$6,027,462
-21%
Hillsborough
$4,488,158
$4,150,794
8%
Portola Valley
$2,579,731
$2,907,000
-11%
Menlo Park
$2,287,960
$2,264,212
1%
> $1000/sqft
Burlingame
$2,234,552
$2,109,848
6%
< $1000/sqft
Woodside
$2,022,000
$3,842,714
-47%
San Carlos
$1,915,390
$1,748,428
10%
Foster City
$1,757,523
$1,564,368
12%
Redwood Shores
$1,640,000
$1,698,727
-3%
Belmont
$1,627,004
$1,449,058
12%
San Mateo County Single-Family Home Sales Price by Square Foot
< $900/sqft < $700/sqft < $500/sqft
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 17 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Marin County Single-Family Homes Marin County sellers had cause to celebrate in Q1 2017. The $1.568 million average home sale here was the second-highest in market history, and was up 13 percent year-over-year. On the other hand, buyers had to deal with a competitive market in which multiple cash offers and low inventory were prevalent themes. The 331 homes sold—while up 6 percent year-overyear—was the second-lowest quarterly sales volume tally since Q1 2009. Homes also moved quickly, with the 56 DOM average being 14 percent faster than the pace held in Q1 2016. Buyers should expect minimal price growth and a near-twofold increase in overall sales— and more options— as we look to Q2 2017.
MARIN COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$1,568,518
56
$667
change
9%
-6%
5%
Q4 2016
$1,433,891
59
$634
Q1 2017
$1,568,518
56
$667
change
13%
-14%
8%
Q1 2016
$1,390,373
65
$620
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 18 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
4367+ 66+ 59+ 42+ 77+ 70+ 55+ 42+ 76+ 61+ 52+ 37+ 70+ 62+ 51+ 31+ 67+ 50+ 48+ 33+ Quantity Sold — Five Years/Quarter
700 600 500 400 300 200 100 0
47+5350+5253+6162+6070+6968+6971+75 +7670+8071+7278 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
$1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900
Average Sales Price Five Years/Quarter (in thousands)
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Sales Price Change
Homes that required no price changed sold at 103 percent of initial list price, while buyers who tested the market netted 90 percent of their initial ask. These were both standard numbers in relation to recent Marin County activity.
Sales Q1 2017 Q1 2016
without price change
with price change
3%
-10%
3%
-11%
Average Sales Price by City The Top 10
Of cities with decent-sized data pools, Kentfield excelled with its 42 percent year-over-year gain. Other notable sales came in the form of a Bay Area high closing at $14.46 million in Kentfield, as well as a $9.5 million sale of the architecturally renowned Sea Dragon Estate in Bolinas. The two properties had spent 199 and 299 days on the market, respectively.
City
Q1 2017
Q1 2016
change
Belvedere
$5,582,000
$3,465,000
61%
Bolinas
$5,145,000
$2,100,000
145%
Ross
$3,455,000
$2,406,250
44%
Kentfield
$3,380,568
$2,382,000
42%
Stinson Beach
$3,083,333
$2,450,000
26%
< $1000/sqft
Tiburon
$2,961,789
$3,477,467
-15%
< $900/sqft
Muir Beach
$2,100,000
$1,273,500
65%
Larkspur
$2,096,000
$1,586,170
32%
Sausalito
$2,033,000
$2,515,500
-19%
Greenbrae
$1,895,688
$1,861,286
2%
Marin County Single-Family Home Sales Price by Square Foot > $1000/sqft
< $700/sqft < $500/sqft
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 19 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Napa County Single-Family Homes Napa County was the only Bay Area County to see a year-over-year average sales price drop, as its $873,923 average sale was down 9 percent from Q1 2016. However, the region’s sellers should not be the least bit concerned. This quarter’s average still ranks within the top five Napa County quarterly averages on record, and comes at a time when the North Bay community is arguably the most desirable alternative to the sevenfigure San Francisco, Marin and San Mateo Counties. The 260 sales this quarter was the highest Q1 figure for Napa County since Q1 2012—a rare gain during a quarter defined partially by severely limited inventory. The average 98 DOM here was a very typical number for the area.
NAPA COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$873,923
98
$425
change
9%
32%
-3%
Q4 2016
$802,983
74
$439
Q1 2017
$873,923
98
$425
change
-9%
-4%
-2%
Q1 2016
$964,164
102
$435
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 20 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
3432+ 3142+ 3836+ 2636+ 3830+ 2134+ 2725+ 3435+ 2722+ 3336+ 3126+ Quantity Sold — Five Years/Quarter
500 400 300 200 100 0
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Average Sales Price Five Years/Quarter (in thousands)
$900 $800 $700 $600 $500 $400
50+49 53+ 65+ 52+ 66+ 67+ 68+ 72+ 79+ 83+ 73+ 75+ 78+ 83+ 93+ 96+ 88+ 88+ 80+ 87+ Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Sales Price Change
Sellers generally priced high, with those requiring no price change seeing no gain on list price and those who tested the market recovering 90 percent of their initial asking price.
Sales
without price change
with price change
Q1 2017
-1%
-10%
Q1 2016
-1%
-12%
Average Sales Price by City - The Top 10
With a sizeable data pool of 20-plus sales, St. Helena performed quite well this quarter, showing a 28 percent yearover-year gain. Just over half these sales topped $1 million, with the highest coming in at $3.965 million—amounting to an overall average of $1.883 million.
City
Q1 2017
Q1 2016
change
St. Helena
$1,883,368
$1,469,136
28%
Yountville
$1,273,750
$844,444
51%
Rutherford
$1,041,250
N/A
N/A
Angwin
$965,000
$2,064,971
-53%
Napa
$833,145
$858,670
-3%
< $1000/sqft
Calistoga
$747,140
$2,643,889
-72%
< $900/sqft
Pope Valley
$610,000
$178,000
243%
American Canyon
$528,559
$431,827
22%
N/A
$3,300,000
N/A
Napa County Single-Family Home Sales Price by Square Foot > $1000/sqft
< $700/sqft < $500/sqft
Deer Park
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 21 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Sonoma County Single-Family Homes Sonoma County sellers benefited hugely from being one of the most affordable Bay Area counties at a time when demand is at a premium. The region’s $741,361 average sales price was up 12 percent year-over-year, and amounted to the highest quarterly sales average in market history. Sales volume was down just slightly from the previous year, but the 816 homes sold weren’t much of an aberration during a time when sellers were strategically holding out until the busy spring selling season. The average 72 DOM exhibited just a slightly faster pace than the year prior. With wider inventory than the seven-figure markets and sales prices not expected to jump much after a very strong first quarter, buyers should be very excited about Q2 2017 opportunities in Sonoma County.
SONOMA COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$741,361
72
$412
change
3%
7%
5%
Q4 2016
$720,875
67
$391
Q1 2017
$741,361
72
$412
change
12%
-4%
11%
Q1 2016
$661,723
75
$373
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 22 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
6158+ 74+ 71+ 63+ 48+ 70+ 69+ 55+ 44+ 62+ 68+ 56+ 38+ 68+ 63+ 42+ 61+ 61+ 51+ 42+ Quantity Sold — Five Years/Quarter
1400 1200 1000 800 600 400 200 0
40+38 4544+ 4746+ 5455+ 59+ 59+ 6058+ 6662+ 6670+ 72+ 74 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Average Sales Price Five Years/Quarter (in thousands)
$650 $600 $550 $500 $450 $400 $350
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Sales Price Change
Sellers priced high, but also within reason of market demand. As such, sales above list price were scarce, although those who tested the market still recovered a comfortable 91 percent of initial asking price. without price change
with price change
Q1 2017
Sales
1%
-9%
Q1 2016
1%
-9%
Average Sales Price by City The Top 10
Of cities with sizable data pools, Sonoma proper saw some of the strongest growth, with its $1.082 million average sale up 21 percent year-over-year. While both Kenwood and Jenner appear to have had massive gains in Q1, both cities did not have a large enough number of sales to accurately justify such market growth.
City
Q1 2017
Q1 2016
change
Penngrove
$1,546,250
$1,037,500
49%
Kenwood
$1,483,421
$846,000
75%
Jenner
$1,387,500
$424,900
227%
Sonoma
$1,082,349
$897,633
21%
Healdsburg
$1,074,385
$1,058,299
2%
< $1000/sqft
Glen Ellen
$1,030,667
$1,101,571
-6%
< $900/sqft
Geyserville
$992,800
$872,500
14%
< $700/sqft
Sebastopol
$885,395
$750,242
18%
The Sea Ranch
$831,854
$732,580
14%
Cotati
$733,450
$558,105
31%
Sonoma County Single-Family Home Sales Price by Square Foot > $1000/sqft
< $500/sqft
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 23 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Alameda County Single-Family Homes As the East Bay remains an incredibly attractive alternative to the higher-priced and lower inventory seven-figure counties, Alameda County’s $882,664 average sale ranked as its second-highest figure on record. This 7 percent year-over-year gain also marked the eighth consecutive quarter in which the county has surpassed $800,000. Its 1,746 sales in total was up 5 percent from Q1 2016, as well as from Q1 2015. However, those previous quarters were some of the lowest figures of the past decade, giving some grounding to the perceived Q1 2017 gain. The average 27 DOM was a standard number for a county that constantly exhibits some of the fastest turnaround times in the Bay Area.
ALAMEDA COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$882,664
27
$508
change
1%
0%
2%
Q4 2016
$873,681
26
$497
Q1 2017
$882,664
27
$508
change
7%
6%
9%
Q1 2016
$821,108
25
$468
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 24 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
3000 2500 2000 1500 1000 500 0
5981+ 74+ 65+ 46+ 65+ 72+ 63+ 45+ 65+ 72+ 60+ 41+ 73+ 71+ 62+ 42+ 69+ 70+ 61+ 42+ Quantity Sold — Five Years/Quarter
43+5154+ 5668+ +66 +797574+ 76+8682+8081+9186+8788 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
$900 $850 $800 $750 $700 $650 $600 $550 $500 $450
Average Sales Price Five Years/Quarter (in thousands)
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Sales Price Change
Sellers generally priced well in Alameda County, with those requiring no change on initial asking price netting an additional 7 percent profit, while sellers who tested the market still recovered 92 percent of their opening ask.
Sales Q1 2017 Q1 2016
without price change
with price change
7%
-8%
7%
-7%
Average Sales Price by City - The Top 10
Highlights included a 15 percent gain in Berkeley and a 16 percent gain in Albany. Oakland also continued its upward surge as its $774,212 average home sale was up 10 percent from Q1 2016.
City
Q1 2017
Q1 2016
change
Piedmont
$2,318,725
$2,468,500
-6%
Sunol
$1,443,500
$1,066,667
35%
Pleasanton
$1,260,760
$1,242,511
1%
Berkeley
$1,256,029
$1,089,815
15%
Albany
$1,117,821
$961,170
16%
Fremont
$1,084,914
$1,057,098
3%
Dublin
$1,065,454
$977,037
9%
Alameda
$1,025,018
$1,001,807
2%
< $700/sqft
Hayward
$927,857
$773,250
20%
< $500/sqft
Emeryville
$861,250
$775,000
11%
Alameda County Single-Family Home Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 25 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
Contra Costa County Single-Family Homes Contra Costa County behaved much like neighboring Alameda County, with stable price gains, slight sales volume growth and rapid sales times. The $718,957 average sale here was up 5 percent year-over-year— good enough for the fourth-highest quarter in county history. The 2,017 homes sold was a 7 percent improvement year-over-year, and also the highest Q1 sales volume total since Q1 2013. This occurred as homes sold in average 29 DOM. All these factors help illustrate one of the healthier and more accessible markets within the entire Bay Area.
CONTRA COSTA COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q1 2017
$718,957
29
$351
change
2%
-3%
0%
Q4 2016
$705,947
30
$349
Q1 2017
$718,957
29
$351
change
5%
-6%
7%
Q1 2016
$685,198
31
$328
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 26 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
2634+ 3025+ 2027+ 2923+ 1827+ 2823+ 1830+ 25+ 2132+ 27+ 20 Quantity Sold — Five Years/Quarter
4000 3000 2000 1000 0
$800 $700 $600 $500 $400 $300
37+ 4647+ 49+ 6263+ 6159+ 6963+ 74+ 7166+ 6876+ 7270+ 72 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Average Sales Price Five Years/Quarter (in thousands)
Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17
Sales Price Change
Homes were priced in accordance with buyer expectations, as sellers who required no price change netted just 2 percent on top of initial list price, while those who tested the market recovered a healthy 92 percent of their initial ask.
Sales
without price change
with price change
Q1 2017
2%
-8%
Q1 2016
2%
-7%
Average Sales Price by City - The Top 10
Although Kensington did not have a huge data pool to draw from, there was little deviation in average sales prices that accounted for a 32 percent rise (year-over-year) to $1.12 million. Strong price gains were felt in a majority of communities throughout Contra Costa County, as similar trend which Alameda County also experienced.
City
Q1 2017
Q1 2016
change
Diablo
$3,693,750
$2,319,750
59%
Alamo
$1,790,261
$1,888,528
-5%
Lafayette
$1,622,848
$1,586,324
2%
Orinda
$1,523,767
$1,634,327
-7%
Moraga
$1,381,452
$1,278,575
8%
Danville
$1,373,275
$1,252,237
10%
San Ramon
$1,137,672
$1,087,784
5%
< $700/sqft
Kensington
$1,120,198
$850,000
32%
< $500/sqft
Walnut Creek
$1,104,289
$1,013,519
9%
Point Richmond
$1,031,500
$850,000
21%
Contra Costa County Single-Family Home Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft
* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance
Page 27 | McGuire Real Estate Quarterly Report - 1st Quarter 2017
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