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YEAR-END MARKET REPORT SAN FRANCISCO • EAST BAY


IT’S MORE THAN A HOME, IT’S YOUR LIFE. EMBARCADERO | 6:48 PM


MESSAGE FROM THE

2016 can only be described as a milestone year for Bay Area real estate and for Climb Real Estate. With continued demand driving home sales, we saw record prices throughout San Francisco, East Bay, Peninsula, and South Bay. On a company front, Climb was acquired last August by NRT, the largest residential real estate company in America and owners of other brands such as Sotheby’s, Coldwell Banker, and Corcoran Group. While there were many achievements and new records in the local market, Climb Real Estate also celebrated many milestones. We are now over 200 agents in 7 offices. We are now consistently ranked one of the top brokerages in San Francisco, the East Bay, and Los Altos. We sold out our first new development project, Sapphire, in SOMA along with Brookstone Lane in Danville and Villas on 3rd in downtown Los Altos. We have started homes sales at Stanford University’s University Terraces and 72 Townsend in the South Beach neighborhood of San Francisco. Our tag line is “It’s More Than A Home, It’s Your Life,” and we demonstrated this in our community outreach including food and clothing drives, the AIDS Lifecycle Ride, Oakland Night Out Neighborhood Block Party, Rowan Community Clean Up, and numerous volunteer events throughout the Bay Area. We do not just sell our communities’ real estate, we actively live and participate in the neighborhoods that we serve. While Climb Real Estate continues to expand its reach from San Francisco into the East Bay and South Bay Area, our utmost goal is serve buyers and sellers with integrity, professionalism, and superior market knowledge. Our talented salespeople are available to you to answer questions about the micro-trends within each marketplace. Sincerely,

Chris Lim President


A YEAR IN THE LIFE

JOINING THE NRT FAMILY

HOLIDAY CELEBRATION AT THE HARRISON CLIMBERS AT SOULCYLE

REPRESENTING SEVENTY2 TOWNSEND


OAKLAND NIGHT OUT BLOCK PARTY

SFAR INSTALLATION GALA

REPRESENTING BROOKSTONE LANE

CLIMB & INMAN COCKTAILS + CONTENT PARTY

VOLUNTEERING FOR ROWAN PARK CLEAN UP


SAN FRANCISCO MARKET OVERVIEW IT WAS AN EXCITING YEAR IN SAN FRANCISCO. INVENTORY SOLD QUICKLY AT HIGHER PRICES THAN AT ANY POINT IN THE CITY'S LONG, RICH HISTORY.

MEDIAN SALES PRICE $1,400,000

SINGLE-FAMILY HOMES

6.0%

SINGLE-FAMILY HOMES

$1,200,000

2015 $1.3M

CONDOS & LOFTS

CONDOS & LOFTS

$1,000,000 $800,000

0.5%

$600,000

2013

2014

2015

2016

DAY ON MARKET UNTIL SALE 60

CONDOS & LOFTS 50 40

SINGLE-FAMILY HOMES

30 20

2013

2014

2015

SINGLE-FAMILY HOMES

29.7 33.6 13.3%

DAYS 2015

2016 $1.3M

DAYS 2016

2016

CONDOS & LOFTS

44.3 53.2 20.3%

DAYS 2015

DAYS 2016

2016 $1.1M 2015 $1.1M


SAN FRANCISCO MARKET OVERVIEW

PRICE PER SQ. FT.

SINGLE-FAMILY HOMES

4.8%

$1,200

CONDOS & LOFTS

$1,000

2016 $863 2015 $824

SINGLE-FAMILY HOMES

CONDOS & LOFTS

$800 $600

1.0%

$400

2013

2014

2015

2016

SOLD LISTINGS 3,000 2,750 2,500

CONDOS & LOFTS

2,250

SINGLE-FAMILY HOMES

2,000

2013

2014

2015

SINGLE-FAMILY HOMES

2,307

2,199

2016

CONDOS & LOFTS

2,535 2,476 2.3%

4.7%

LISTINGS

LISTINGS

LISTINGS

LISTINGS

2015

2016

2015

2016

2016 $1,027 2015 $1,016


SAN FRANCISCO MARKET OVERVIEW

% LIST PRICE RECEIVED

SINGLE-FAMILY HOMES

3.2%

120% 115%

SINGLE-FAMILY HOMES 110%

3.8%

100%

2013

2014

2015

2016

MONTHS SUPPLY 2.0 1.5

CONDOS & LOFTS

1.0

SINGLE-FAMILY HOMES

0.5 0.0

2013

2014

2015

SINGLE-FAMILY HOMES

1.1

0.9

2016

CONDOS & LOFTS

1.5

1.1 24.6%

23.0%

2015 115.3%

CONDOS & LOFTS

CONDOS & LOFTS

105%

2016 111.6%

MONTHS

MONTHS

MONTHS

MONTHS

2015

2016

2015

2016

2016 104.7% 2015 108.9%


SAN FRANCISCO MARKET OVERVIEW ACTIVITY BY DISTRICT MEDIAN SALES PRICE SINGLE-FAMILY HOME

+/-

DAYS ON MARKET 2016

2015

1 Richmond

$1.82M

$1.65M

+10.3%

31

25

+22.6%

$875

$865

-1.2%

193

178

-7.8%

2 Sunset

$1.23M

$1.16M

+5.4%

28

26

+8.9%

$760

$809

+6.4%

410

393

-4.1%

3 Lake Merced

$0.96M

$0.90M

+6.6%

31

35

-12.9%

$653

$706

+8.1%

155

193

+24.5%

4 West Portal/St. Francis Wood

$1.44M

$1.42M

+1.0%

31

29

+6.4%

$809

$834

+3.1%

336

314

-6.5%

5 Cole Valley/Noe Valley/Castro

$2.07M

$2.10M

-1.4%

33

24

+33.1%

$1,119

$1,080

-3.5%

300

316

+5.3%

6 Hayes Valley/Panhandle

$2.31M

$2.25M

+2.4%

43

30

+40.8%

$916

$1,054

+15.1%

37

35

-5.4%

7 Marina/Pacific Heights

$4.70M

$4.98M

-5.5%

49

35

+40.8%

$1,493

$1,466

-1.9%

87

102

+17.2%

8 North Beach/Russian Hill

$3.45M

$2.83M

+21.9%

55

52

+6.5%

$1,514

$1,389

-8.2%

23

14

-39.1%

9 South Beach/SOMA

$1.41M

$1.38M

+2.0%

33

25

+32.0%

$956

$1,000

+4.6%

263

246

-6.5%

10 Outer Mission/Bay View

$0.83M

$0.78M

+6.5%

39

39

+6.7%

$606

$632

+4.2%

503

408

-18.9%

CONDOS & LOFTS

+/-

DAYS ON MARKET 2016

2015

+/-

2016

2015

+/-

SOLD LISTINGS

2016

MEDIAN SALES PRICE

2015

PRICE PER SQ. FT.

2016

PRICE PER SQ. FT. 2016

2015

+/-

2015

+/-

SOLD LISTINGS

2016

2015

+/-

1 Richmond

$1.14M

$1.09M

+4.6%

49

40

+23.9%

$847

$828

+2.3%

122

2016

130

2015

-6.2%

+/-

2 Sunset

$1.10M

$1.03M

+7.6%

49

51

-4.0%

$814

$737

+10.5%

36

40

-10.0%

3 Lake Merced

$0.80M

$0.64M

+25.5%

46

34

+36.2%

$659

$651

+1.3%

36

52

-10.0%

4 West Portal/St. Francis Wood

$0.66M

$0.70M

-5.8%

59

44

+34.8%

$798

$710

+12.4%

25

48

-47.9%

5 Cole Valley/Noe Valley/Castro

$1.30M

$1.27M

+2.4%

47

37

+27.0%

$1,022

$1,034

-1.2%

344

389

-11.6%

6 Hayes Valley/Panhandle

$1.09M

$1.13M

-2.9%

54

40

+34.3%

$1,020

$981

+3.9%

280

223

+25.6%

7 Marina/Pacific Heights

$1.50M

$1.50M

+0.2%

49

36

+35.5%

$1,211

$1,153

+5.0%

259

224

+15.6%

8 North Beach/Russian Hill

$0.98M

$1.02M

-4.4%

50

49

+1.1%

$1,096

$1,063

+3.1%

366

359

+1.9%

9 South Beach/SOMA

$1.04M

$1.07M

-2.8%

58

47

+23.9%

$1,058

$1,079

-2.0%

913

1,007

-9.3%

10 Outer Mission/Bay View

$0.64M

$0.67M

-4.4%

72

72

-15.2%

$603

$570

+5.8%

78

63

+23.8%


EAST BAY MARKET OVERVIEW

ALAMEDA COUNTY

(ALAMEDA, ALBANY, BERKELEY, CASTRO VALLEY, EMERYVILLE, FREMONT, HAYWARD, LIVERMORE, NEWARK, OAKLAND, PLEASANTON, SAN LEANDRO, SAN LORENZO, UNION CITY)

AS BUYERS FROM SAN FRANCISCO LOOK ACROSS THE BAY, ALAMEDA COUNTY CITIES EXPERIENCED MODEST PRICE GAINS WHILE OVER ALL SALES ACTIVITY SLOWED SLIGHTLY.

MEDIAN SALES PRICE

SINGLE-FAMILY HOMES

6.8%

$900,000 $800,000

2016 $780,000 2015 $730,000

SINGLE-FAMILY HOMES

CONDOS & LOFTS

$700,000 $600,000

11.5%

CONDOS & LOFTS

$500,000

2013

2014

2015

2016

DAY ON MARKET UNTIL SALE 60 50 40 30

SINGLE-FAMILY HOMES 20

CONDOS & LOFTS 2013

2014

2015

SINGLE-FAMILY HOMES

23 DAYS

23

0%

DAYS

2016

CONDOS & LOFTS

21 DAYS

21

0%

DAYS

2016 $535,000 2015 $480,000


EAST BAY MARKET OVERVIEW

% LIST PRICE RECEIVED

ALAMEDA COUNTY

(ALAMEDA, ALBANY, BERKELEY, CASTRO VALLEY, EMERYVILLE, FREMONT, HAYWARD, LIVERMORE, NEWARK, OAKLAND, PLEASANTON, SAN LEANDRO, SAN LORENZO, UNION CITY)

SINGLE-FAMILY HOMES

0.4%

120% 115% 110%

SINGLE-FAMILY HOMES

105%

2013

2014

2015

1.3%

2016

SOLD LISTINGS 3,000 2,750 2,500

CONDOS & LOFTS

2,250

SINGLE-FAMILY HOMES

2,000

2013

2014

2015

SINGLE-FAMILY HOMES

10,205

9,642 5.5%

2016

CONDOS & LOFTS

3,452

2015 106.1%

CONDOS & LOFTS

CONDOS & LOFTS

100%

2016 105.7%

3,225 0.4%

LISTINGS

LISTINGS

LISTINGS

LISTINGS

2015

2016

2015

2016

2016 104.3% 2015 105.6%


EAST BAY MARKET OVERVIEW

ALAMEDA COUNTY

(ALAMEDA, ALBANY, BERKELEY, CASTRO VALLEY, EMERYVILLE, FREMONT, HAYWARD, LIVERMORE, NEWARK, OAKLAND, PLEASANTON, SAN LEANDRO, SAN LORENZO, UNION CITY)

ACTIVITY BY CITY MEDIAN SALES PRICE SINGLE-FAMILY HOME

DAYS ON MARKET 2016

2016

2015

+/-

ALAMEDA

$927,500

$875,000

+6.0%

20

20

+0.0%

332

377

-11.9%

ALBANY

$925,000

$875,000

+5.7%

17

16

+6.1

87

98

-11.2

BERKELEY

$1,125,000

$1,050,000

+7.1%

21

21

+0.0%

530

525

+1.0%

CASTRO VALLEY

$749,500

$685,000

+9.4%

28

22

+24.0%

434

525

-17.3%

DUBLIN

$937,000

$896,000

+4.6%

24

22

+8.7%

479

490

-2.2%

EMERYVILLE

$684,500

$706,500

-3.1%

21

37

-55.1%

6

10

-40.0%

FREMONT

$945,000

$893,000

+5.8%

22

18

+20.0%

1,303

1,375

-5.2%

HAYWARD

$562,888

$520,000

+8.2%

26

29

-10.9%

959

968

-0.9%

LIVERMORE

$710,000

$679,000

+4.6%

25

23

+8.9%

1,017

1,063

-4.3%

NEWARK

$740,000

$700,000

+5.7%

22

21

+4.7%

258

297

-13.1%

OAKLAND

$690,000

$630,000

+9.5%

25

26

-3.9%

2,366

2,477

-4.5%

PLEASANTON

$1,025,000

$957,500

+7.0%

23

22

+4.4%

643

689

-6.7%

SAN LEANDRO

$585,000

$528,000

+10.8%

21

24

-13.3%

593

625

-5.1%

SAN LORENZO

$552,000

$485,000

+13.9%

17

19

+11.1%

173

214

-19.2%

UNION CITY

$775,000

$714,615

+8.5%

23

21

+9.1%

355

346

+2.6%

MEDIAN SALES PRICE CONDOS & LOFTS

+/-

2015

SOLD LISTINGS

+/-

2016

DAYS ON MARKET 2016

2015

+/-

2015

+/-

SOLD LISTINGS

2016

2015

2016

2015

+/-

ALAMEDA

$660,000

$569,000

+16.0%

21

24

-13.3%

143

179

-20.1%

ALBANY

$452,500

$447,500

+1.1%

34

41

-18.7%

42

58

-27.5%

BERKELEY

$670,000

$585,000

+14.5%

20

27

-29.8%

77

106

-27.4%

CASTRO VALLEY

$539,000

$459,000

+17.4%

21

23

-9.1%

93

74

+25.7%

DUBLIN

$620,000

$560,000

+10.7%

22

20

+9.5%

321

332

-3.3%

EMERYVILLE

$472,000

$448,000

+5.4%

22

18

+20.0%

152

176

-13.6%

FREMONT

$567,000

$520,000

+9.0%

19

17

+11.1%

565

602

-6.1%

HAYWARD

$420,000

$377,000

+11.4%

22

22

+0.0%

356

366

-2.7%

LIVERMORE

$537,000

$500,000

+7.4%

23

20

+14.0%

196

219

-10.5%

NEWARK

$500,000

$432.000

+15.7%

17

20

-16.2%

123

88

+39.8%

OAKLAND

$565,000

$487,000

+16.0%

21

24

-13.3%

698

809

-13.7%

PLEASANTON

$586,000

$528,000

+11.0%

18

15

+18.2%

166

153

+8.5%

SAN LEANDRO

$400,000

$350,000

+14.3%

26

22

+16.7%

130

125

+4.0%

SAN LORENZO

$397,000

$378,000

+5.2%

23

28

-19.6%

20

19

+5.3%

UNION CITY

$470,000

$424,000

+10.8%

26

28

-17.4%

143

146

-2.1%


EAST BAY MARKET OVERVIEW

CONTRA COSTA COUNTY (ALAMO, BLACKHAWK, CLAYTON, CONCORD, DANVILLE, DIABLO, EL CERRITO, LAFAYETTE, MARTINEZ, MORAGA, ORINDA, PLEASANT HILL, SAN RAMON WALNUT CREEK)

IN CONTRA COSTA COUNTY SINGLE-FAMILY HOME PRICES ENDED WITH MODEST GAINS, WHILE CONDOS IN THE AREA DID FETCH RECORD PRICES DURING 2016.

MEDIAN SALES PRICE

SINGLE-FAMILY HOMES

6.1%

$700,,000

SINGLE-FAMILY HOMES

$600,000

CONDOS & LOFTS $400,000

9.9%

$300,000

2014

2015

2016

DAY ON MARKET UNTIL SALE 60 50 40 30

SINGLE-FAMILY HOMES CONDOS & LOFTS

20

2013

2014

2015

SINGLE-FAMILY HOMES

29

DAYS

2016

CONDOS & LOFTS

28

25

25

DAYS

DAYS

DAYS

3.5%

2015 $538,000

CONDOS & LOFTS

$500,000

2013

2016 $571,000

0%

2016 $428,000 2015 $390,000


EAST BAY MARKET OVERVIEW

% LIST PRICE RECEIVED

CONTRA COSTA COUNTY (ALAMO, BLACKHAWK, CLAYTON, CONCORD, DANVILLE, DIABLO, EL CERRITO, LAFAYETTE, MARTINEZ, MORAGA, ORINDA, PLEASANT HILL, SAN RAMON WALNUT CREEK)

SINGLE-FAMILY HOMES

0.4%

120% 115%

2016 101.1% 2015 101.5%

CONDOS & LOFTS

110% 105%

0.7%

CONDOS & LOFTS 100%

SINGLE-FAMILY HOMES 2013

2014

2015

2016

SOLD LISTINGS SINGLE-FAMILY HOMES 10,000 8,000 6,000 4,000

CONDOS & LOFTS 2,000

2013

2014

2015

SINGLE-FAMILY HOMES

10,755

10,246 4.7%

2016

CONDOS & LOFTS

2,726

2,570 5.7%

LISTINGS

LISTINGS

LISTINGS

LISTINGS

2015

2016

2015

2016

2016 101.1% 2015 101.8%


EAST BAY MARKET OVERVIEW

CONTRA COSTA COUNTY (ALAMO, BLACKHAWK, CLAYTON, CONCORD, DANVILLE, DIABLO, EL CERRITO, LAFAYETTE, MARTINEZ, MORAGA, ORINDA, PLEASANT HILL, SAN RAMON WALNUT CREEK)

ACTIVITY BY CITY MEDIAN SALES PRICE SINGLE-FAMILY HOME

DAYS ON MARKET

+/-

2016

2016

2015

ALAMO

$1,637,100

$1,532,500

+6.8%

43

41

+4.8%

197

192

+2.6%

BLACKHAWK

$1,445,900

$1,495,000

-3.3%

56

53

+5.5%

34

80

-57.5%

CLAYTON

$747,365

$720,000

+3.8%

31

28

+10.2%

141

137

+2.9%

CONCORD

$555,000

$514,900

+7.8%

25

25

+0.0%

1,081

1,107

+7.8%

DANVILLE

$1,212,000

$1,149,000

+ 5.5%

29

26

+10.9%

703

709

-0.8%

DIABLO

$1,750,000

$2,102,500

-16.8%

46

98

-72.2%

16

18

-11.1%

EL CERRITO

$800,000

$753,500

+ 6.2%

23

18

+24.4%

204

200

+2.0%

LAFAYETTE

$1,350,000

$1,367,500

-1.3%

30

26

+14.3%

254

336

-24.4%

MARTINEZ

$571,500

$534,150

+ 7.0%

29

29

+0.0%

451

441

+2.3%

MORAGA

$1,260,000

$1,232,000

+ 2.3%

24

18

+25.6%

104

134

-21.6%

ORINDA

$1,450,000

$1,353,250

+ 7.1%

24

27

-11.8%

229

255

-10.2%

PLEASANT HILL

$722,000

$650,000

+11.1%

19

25

-27.3%

285

355

-19.7%

SAN RAMON

$1,015,000

$1,000,000

+1.5%

24

20

+18.2%

691

743

-7.0%

WALNUT CREEK

$990,000

$922,000

+7.4%

21

24

-13.3%

586

594

-1.3%

MEDIAN SALES PRICE CONDOS & LOFTS

2015

SOLD LISTINGS

+/-

2016

DAYS ON MARKET

+/-

2016

2015

2015

+/-

SOLD LISTINGS

2016

2015

+/-

2016

2015

+/-

ALAMO

$656,000

$700,000

-6.3%

43

20

+73.0%

5

7

-28.6%

BLACKHAWK

$800,000

$795,000

+0.6%

6

40

-147.8%

1

1

+0.0%

CLAYTON

$530,000

$485,000

+9.3%

17

37

-74.1%

20

18

+11.1%

CONCORD

$265,000

$250,000

+6.0%

21

27

-25%

299

335

-10.7%

DANVILLE

$710,500

$655,000

+ 8.5%

24

22

+8.7%

166

178

-6.7%

DIABLO

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

EL CERRITO

$500,000

$518,000

-3.5%

17

27

+45.5%

21

19

+10.5%

LAFAYETTE

$904,000

$677,000

+33.5%

22

13

+51.4%

14

10

+40.0%

MARTINEZ

$398,000

$340,000

+17.1%

20

21

+4.9%

130

121

+7.4%

MORAGA

$690,000

$602,000

+14.6%

19

16

+17.1%

73

81

-9.9%

ORINDA

$1,057,500

$852,500

+24.0%

28

21

+28.6%

4

6

-33.3%

PLEASANT HILL

$498,500

$436,000

+14.3%

23

23

+0.0%

114

131

-13.0%

SAN RAMON

$587,000

$552,000

+6.3%

23

20

+14.0%

299

346

-13.6%

WALNUT CREEK

$480,000

$430,000

+ 11.6%

25

24

+4.1%

909

949

-4.2%


IT’S MORE THAN A HOME, IT’S YOUR LIFE. ALAMEDA | 2:46 PM


ABOUT

Founded in 2010, Climb Real Estate is an innovative full-service residential real estate brokerage that leverages the latest technology to serve clients in emerging, established, and luxury neighborhoods in San Francisco and around the Bay Area. Climb offers a complete digital experience, including an extensive mobile-friendly website, social media presence, and mobile connection with agents that streamlines the buying and selling processes. Agents also connect face-to-face with clients in their neighborhoods via the Climb Airstream, a uniquely mobile real estate office. Climb is continuously rethinking the traditional home buying and selling experiences to better serve clients and close sales. Chris Lim, Mark Choey, and Tiffany Combs founded Climb with a focus on new condo developments in the SOMA/South Beach neighborhood of San Francisco. In a short span of years, the brokerage has grown to nearly 200 agents working in seven offices and throughout the Bay Area. According to the San Francisco Association of Realtors, Climb ranks as the #7 brokerage in the city and was also ranked as a top Bay Area Real Estate Brokerage by the San Francisco Business Times. Climb has also earned national recognition as one of the top 500 US brokerages by both RIS Media and Real Trends. Climb is part of the private label strategy of NRT, the largest residential real estate brokerage company in the United States. NRT owns and operates companies in 50 of the 100 largest metropolitan areas in the country, with approximately 780 offices and 46,800 independent sales associates. NRT is a subsidiary of Realogy (NYSE: RLGY), a Fortune 500 global leader in real estate franchising and provider of real estate brokerage, relocation, and settlement services. NRT has a number of real estate brokerages in its family of companies, including some of the nation’s largest, but also includes successful boutique brokerages with a unique business model and targeted clientele, such as Climb.

SOURCES: © 2016 SAN FRANCISCO ASSOCIATION OF REALTORS®. AND BAY EAST ASSOCIATION OF REALTORS®. ALL DATA SUBJECT TO ERRORS, OMISSIONS OR REVISIONS AND IS NOT WARRANTED. ALL INFORMATION DEEMED RELIABLE BUT IS NOT GUARANTEED. SEARCH ALL SFARMLS LISTINGS AT WWW. SFREALTORS.COM AND BEARMLS LISTINGS AT WWW.BAYEAST.ORG. POWERED BY 10K RESEARCH & MARKETING AND REALESTATEREPORT.COM.


BAY AREA POTRERO HILL

251 Rhode Island Street, Suite #105 San Francisco, CA 94103

NOE VALLE Y

3961 24th Street San Francisco, CA 94114

MISSION BAY

325 Berry Street, Suite #119 San Francisco, CA 94158

FINANCIAL DISTRICT 600 California Street San Francisco, CA 94108

JACK LONDON SQUARE 201 4th Street, Suite #102 Oakland, CA 94607

MENLO PARK

101 Jefferson Drive, 1st Floor Menlo Park, CA 94025

SANTANA ROW 3031 Tische Way San Jose, CA 95128

AIRSTREAM On Location Bay Area, CA

415.431.8888 info@climbrealestate.com climbrealestate.com


Climb Real Estate Market Report Year-End 2016