Page 1

MARKET REPORT

2015


TA B L E O F C O N T E N T S

03 | Foreword 04 | Achievement 06 | 2015 Sales in Summary 07 | Marin Sales 1965 - 2015 Marin Communities 08 - Beach Cities 09 - Belvedere 10 - Corte Madera 11 - Fairfax 12 - Greenbrae 13 - Kentfield 14 - Larkspur 15 - Mill Valley

16 - Novato 17 - Ross 18 - San Anselmo 19 - San Rafael 20 - Sausalito 21 - Tiburon 22 - West Marin 23 - Marin Condos

24 | Napa County 25 | Sonoma County 26 | San Francisco 28 | Marin Luxury Market 30 | Attracting Buyers Worldwide 32 | Significant Sales

2 | Decker Bullock Sotheby’s International Realty

All data courtesy of BAREIS MLS


FOREWORD

Decker Bullock Sotheby’s International Realty has moved to the #1 brokerage position in Marin as measured by sales volume, while ranking 3rd in California among Sotheby’s International Realty affiliates and 12th in the United States. In 2016 we are celebrating 25 years of providing luxury service to clients at all price points. The Bay Area is one of the most desirable places to live in the world. Its natural beauty, relatively mild weather and robust job market, fueled in large part by the tech industry, has resulted in a median Bay Area home price of $841,560. This is considered a luxury price point in most regions around the globe. Local housing markets have generally recovered and regained their 2007 peak values with some exceeding their 2007 highs. Supply and demand is the driving force in any market. A lack of inventory, combined with historically low interest rates has created a competitive and generally fast-moving Bay Area real estate market. For those looking to sell, this is the best time to start the listing and sales process because demand remains high. Buyers who require a mortgage to finance their purchase may still have an opportunity to benefit from the lowest level of mortgage interest rates in history. Decker Bullock Sotheby’s International Realty has over 165 high caliber professional agents who collaborate daily to serve their clients throughout the Bay Area. The Sotheby’s International Realty network provides access to top agents in markets all over the world which results of in hundreds of national and international referrals. We look forward to assisting you with all of your real estate-related needs in 2016!

HEIDI PAY CHIEF OPERATING OFFICER +1.415.384.4008 heidi.pay@sothebysrealty.com

2015 Market Report | 3


Offering Luxury Service At All Price Points


We Understand Achievement #1 in Marin

$1.6B

$1.5B

$1.4B

$1.3B

$1.2B

$600M

$500M

$400M

$300M

$200M

$100M

0

ALAIN PINEL

$700M

BRADLEY REAL ESTATE

$800M

COLDWELL BANKER

$900M

PACIFIC UNION INTERNATIONAL

$1.0B

DECKER BULLOCK SOTHEBY’S INTERNATIONAL REALTY

$1.1B

Marin Modern McGuire Vanguard Zephyr Holmes Burrell Paragon

2015 Marin Sales Data from Bareis MLS by Marin offices.

#1 Marin County Sales At All Price Points #1 Luxury Marin Sales – Over $5 Million #1 Luxury Marin Sales – Over $10 Million #1 Marin Property Video Views on YouTube marinvideos.com #1 International Luxury Brand


SA L E S I N S U M M A RY Single Family Homes 2015 Unless Otherwise Noted

City/County

City / Area

# Sold

Beach Cities*

33

Beach Cities*

36

Belvedere Corte Madera

41

Fairfax Corte Madera

77

Belvedere

Greenbrae Fairfax

84

Greenbrae

58

Kentfield Larkspur

# sold

38

Median Price Sq. Ft. 2015

$1,960,000 1,907

Median Price

Change

Average 2014 Maximum (YOY)

$1,690,000

$2,219,406

$3,891,500

16%

$8,000,000

$2,760,000

Median

Maximum 2013 Average $/SF DOM Average

41%

$6,727,500 104

$1,233

$1,453,474

$47,500,000

Median

Change DOM in Average

$1,261

58 53%

39

90

3,024 $12,000,000 $1,297,500$3,329,682 $1,215,000 7%

111 $2,700,000$3,560,581 $761

-7% 35

77

$830,000 -1% 1,975$819,000$1,273,546 $3,650,000

$531 45 $3,500,000$1,139,935

12%30

49 72 53

$1,566,500

$1,354,500

16%

$2,187,500

$1,920,000

14%

$1,480,000

$1,495,000

-1%

1,886

$877,312

$1,625,000

48

2,250

$1,435,291

$2,750,000

53

$2,575,000

$725

$8,965,000

$773

$4,450,000

$704

$724,107

21%

$1,343,710

7%

21 28 34

Kentfield Mill Valley

79

346

2,974 $12,250,000 $1,500,000$2,370,263 $1,333,000 13%

58 $5,200,000$2,274,739 $716

4% 27

Novato Larkspur

83

535

$751,750 9% 2,218$820,500$1,654,886 $4,400,000

$397 46 $2,425,000$1,436,086

15% 37

Ross Mill Valley

338

30

$3,160,000$1,628,522 $2,700,000 17% 2,286 $5,875,000

$1,002 45$10,500,000$1,323,582

23%22

San Anselmo

158

Novato

519

Ross

Sausalito

44

San Anselmo Tiburon

187

West Marin** San Rafael

491

80

San Rafael

Marin Condos Sausalito

74

Tiburon

127

Napa County Sonoma County

West Marin** - Homes 79 San Francisco

San Francisco Marin County - Condos 2338

$1,097,500

$969,000

13%

$965,000

$855,000

13%

$3,200,000

$608

$4,875,000

$505

28

2,269

$820,406

$5,050,000

55

58

3,407

$3,261,964

$9,300,000

64

115

2,206 $3,625,000 $2,545,000$1,159,098 $2,700,000 -6%

59$10,100,000$1,058,590 $927

9% 34

$800,000 3% 2,137$825,000$994,355 $5,950,000

$540 51 $2,450,000$930,583

7% 53

502

706 1,276 4,787

$1,980,000

$1,425,000

39%

$560,000

$495,000

13%

$597,000

$545,000

10%

$529,000

$484,000

9%

$736,420

11%

$2,807,729

16%

$6,500,000

$899

$2,500,000

$442

$11,100,000

$338

$11,500,000

$332

31 33

34

2,238

$1,778,413

$4,900,000

66

$1,670,049

6%

3,480

$2,935,882

$8,985,000

100

$2,337,327

26%

50 42

2,282

2,039 $2,850,000 $1,250,000$927,073 $1,071,000 17%

87$31,000,000$841,579 $856

10% 17

2,851

$1,095,000$1,376,407 $941,750 16% 2,319 $12,250,000

$1,071 59 $9,400,000$1,190,459

16%22

* Beach Cities: Bolinas, Muir Beach, Stinson Beach ** West Marin: Forest Knolls, Inverness, Lagunitas, Marshall, Nicasio, Olema, Pt. Reyes Station, San Geronimo, Tomales, Woodacre

1987 1980 1978 $30k 1965

1970 Median Household Income $12K

6 | Decker Bullock Sotheby’s International Realty

Dow Jones Industrial Avg. Ended at 805.01 Index at End of 2015: 17,425.03

Van Gogh’s “Irises”Sells at Auction for $53.9M

Apple, Inc. IPO at $22.00

$250K

$250K


MARIN 1965–2015 Single Family Home & Condominium Average Sale Price

1965 Average Sale Price $30,710

$1.2 8 m 201 5

$1.2m 2 00 7

1978 First year Average Sale Price exceeds $100,000 1999 First year Average Sale Price exceeds $500,000 2005 First year Average Sale Price exceeds $1 million 2007 Peak price for Marin County at $1,223,678 2009 Precipitous 31% drop to $848,438 2010 Bounce to $904,818

2004

2011 Double Dip to $846,083

2012

2015 Average Price $1,278,938 Google IPO Share $85 at Open 2015 End Price: $769.50 at Close (Post Split)

Edvard Munch’s “Scream” Sells at Auction for $119.9M

2000 Gold Price Cumulative Avg. $279.11 /oz. 2014 Cumulative Avg. $1266.40 /oz.

$846k 2 01 1 1995

$500k 1 999

Data provided by BAREIS MLS

2015 Market Report | 7


SINGLE FAMILY HOMES # of Single Family Homes Sold

33

% Change in Sales from 2014

-8%

Minimum Sale Price

$540,000

Median Sale Price

$1,960,000

Average Sale Price

$2,244,083

Change in Med. Sold Price from 2014

16%

Maximum Price Sold

$6,727,500

Median Price/Sq. Ft.

$1,233

Change Price/Sq. Ft. from ‘07 Peak

50%

Median Days on Market

58

Increased Year Over Year [YOY] Decreased Year Over Year [YOY] * Beach Cities: Bolinas, Muir Beach, Stinson Beach

ALL RESIDENTIAL

Single Family Homes & Condos

33

36 2 0 14

2015

$2.22M

$2.24M

2 0 14

2015

2013

2012

26 2011

23 2010

2009

19

28 2008

2007

2006

50

51 40

45

# UNITS SOLD

High

$1.18M

$ 1 .4 3 M

2012

2013

$1.54M 2011

$1.23M 2010

$1.58M 2009

$1.83M 2008

$ 1 .4 6 M 2007

2006

$ 1 .6 4 M

AVERAGE SALE PRICE

Low

#1 BROKER

50%

$1,233

BY VOLUME & UNITS SOLD

INCREASE VALUE FROM PEAK

MEDIAN PRICE/SF


SINGLE FAMILY HOMES # of Single Family Homes Sold

38

% Change in Sales from 2014

-7%

Minimum Sale Price

$1,700,000

Median Sale Price

$3,891,500

Average Sale Price

$6,089,566

Change in Med. Sold Price from 2014

41%

Maximum Price Sold

$47,500,000

Median Price/Sq. Ft.

$1,261

Change Price/Sq. Ft. from ‘07 Peak

29%

Median Days on Market

39

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

39 2015

2 0 14

31 2013

36 2012

33 2011

32 23 2009

2010

23

31 2007

2008

31 2006

43

# UNITS SOLD

$47.5M HIGHEST PRICE SOLD

2015

$3.23M 2 0 14

$3.56M 2013

2012

$2.99M

$5.96M High

2011 $2.58M

$3.16M 2010

$3.17M

$4.13M 2008

2009

$3.88M 2007

2006

$ 3 .0 2 M

AVERAGE SALE PRICE

Low

Decker Bullock Sotheby’s International Realty represented 4 out of the 5 sales over $10M in Belvedere.

#1 BROKER BY VOLUME


SINGLE FAMILY HOMES # of Single Family Homes Sold

90

% Change in Sales from 2014

17%

Minimum Sale Price

$685,000

Median Sale Price

$1,297,500

Average Sale Price

$1,385,012

Change in Med. Sold Price from 2014

7%

Maximum Price Sold

$2,700,000

Median Price/Sq. Ft.

$761

Change Price/Sq. Ft. from ‘07 Peak

22%

Median Days on Market

35

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

104

121

135 107

120

2015

2 0 14

2013

2012

2011

2010

2009

2008

2007

2006

67

90

99

116

107

# UNITS SOLD

High

#1 BROKER BY VOLUME

$2.7M

$1.22M

$1.11M 2 0 14

2015

$ 1 .0 3 M 2013

$854K 2012

$778K 2011

$896K 2010

$890K 2009

$1.13M 2008

$1.21M 2007

2006

$997K

AVERAGE SALE PRICE

Low

Decker Bullock Sotheby’s International Realty represented the highest priced sale for Corte Madera in 2015.


SINGLE FAMILY HOMES # of Single Family Homes Sold

77

% Change in Sales from 2014

-8%

Minimum Sale Price

$420,000

Median Sale Price

$819,000

Average Sale Price

$936,527

Change in Med. Sold Price from 2014

-1%

Maximum Price Sold

$3,500,000

Median Price/Sq. Ft.

$531

Change Price/Sq. Ft. from ‘07 Peak

1%

Median Days on Market

30

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

94

91

103

2 0 14

2015

$ 8 47 K

$858K

2 0 14

2015

2013

76 2012

82 2011

80 2010

66 2009

65 2008

75 2007

2006

86

# UNITS SOLD

High

$703K 2013

$603K 2012

$562K 2011

$637K 2010

$664K 2009

$734K

$842K 2007

2008

$789K 2006

AVERAGE SALE PRICE

Low

77

$819K

-8%

$3.5M

HOMES SOLD

MEDIAN HOME PRICE

CHANGE UNITS SOLD (YOY)

HIGHEST PRICE SOLD


SINGLE FAMILY HOMES # of Single Family Homes Sold

49

% Change in Sales from 2014

-16%

Minimum Sale Price

$805,000

Median Sale Price

$1,566,500

Average Sale Price

$1,600,224

Change in Med. Sold Price from 2014

16%

Maximum Price Sold

$2,575,000

Median Price/Sq. Ft.

$725

Change Price/Sq. Ft. from ‘07 Peak

27%

Median Days on Market

21

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

89

93

84

85

95

89

2 0 14

2015

$1.10M

$1.16M

2 0 14

2015

2013 $997K 2013

2012

2011

2010

64 2009

60 2008

2007

2006

72

95

# UNITS SOLD

$855K 2012

$777K

$892K 2009

High

2011

$967K 2008

$881K

$ 1 .0 5 M 2007

2010

$960K 2006

AVERAGE SALE PRICE

Low

$725

#1 BROKER

27%

21 DAYS

MEDIAN PRICE/SF

BY VOLUME

BROKER MARKET SHARE

LEAST # OF DAYS ON MARKET


SINGLE FAMILY HOMES # of Single Family Homes Sold

72

% Change in Sales from 2014

-9%

Minimum Sale Price

$800,000

Median Sale Price

$2,187,500

Average Sale Price

$2,651,264

Change in Med. Sold Price from 2014

14%

Maximum Price Sold

$8,965,000

Median Price/Sq. Ft.

$773

Change Price/Sq. Ft. from ‘07 Peak

-3%

Median Days on Market

28

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

72

81

68

62

65

2015

2 0 14

2013

2012

2011

2010

39 2009

45 2008

2007

2006

55

77

81

# UNITS SOLD

High

$ 2 .6 5 M

$2.32M 2 0 14

2015

$2.25M 2013

$ 2 .0 6 M 2012

$ 2 .0 5 M 2011

$1.83M

$ 2 . 14 M 2009

2010

$2.17M 2008

$ 2 .4 3 M 2007

2006

$ 1 .6 2 M

AVERAGE SALE PRICE

Low

$773

14%

72

#1 BROKER

MEDIAN PRICE/SF

MEDIAN PRICE (YOY)

HOMES SOLD

BY UNITS SOLD


SINGLE FAMILY HOMES # of Single Family Homes Sold

53

% Change in Sales from 2014

-36%

Minimum Sale Price

$745,000

Median Sale Price

$1,480,000

Average Sale Price

$1,644,893

Change in Med. Sold Price from 2014

-1%

Maximum Price Sold

$4,450,000

Median Price/Sq. Ft.

$704

Change Price/Sq. Ft. from ‘07 Peak

11%

Median Days on Market

34

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

96 61

80 2 0 14

2015

$1.51M

$ 1 .4 9 M

2 0 14

2015

2013

2012

62 2011

68 2010

51 2009

62

68 2007

2008

73 2006

97

# UNITS SOLD

$1.30M 2013

$ 1 .0 7 M

$1.10M 2011

High

2012

$ 1 .0 8 M 2010

$1.33M 2008

$1.13M

$1.30M 2007

2009

$1.29M 2006

AVERAGE SALE PRICE

Low

$4.45M

53

$704

#1

HIGHEST PRICE SOLD

HOMES SOLD

MEDIAN PRICE/SF

TOWN WITH LOWEST INVENTORY


SINGLE FAMILY HOMES # of Single Family Homes Sold

346

% Change in Sales from 2014

1%

Minimum Sale Price

$500,000

Median Sale Price

$1,500,000

Average Sale Price

$1,768,559

Change in Med. Sold Price from 2014

13%

Maximum Price Sold

$5,200,000

Median Price/Sq. Ft.

$716

Change Price/Sq. Ft. from ‘07 Peak

7%

Median Days on Market

27

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

419 2015 $ 1 .6 2 M 2015

402 2 0 14 $1.50M 2 0 14

419 2013

391 2012

316 2011

287 2010

258 2009

256 2008

2007

2006

319

419

# UNITS SOLD

#1 RANK AMONG BROKERS

$ 1 . 14 M

$1.23M 2013

$ 1 .0 8 M 2011

High

2012

$1.15M 2010

$1.39M 2008

$1.11M

$ 1 .4 0 M 2007

2009

$1.32M 2006

AVERAGE SALE PRICE

Low

Decker Bullock Sotheby’s International Realty represented the highest priced MLS sale ($5.2M) as well as a higher priced off-market sale ($5.8M) in Mill Valley for 2015.


SINGLE FAMILY HOMES # of Single Family Homes Sold

535

% Change in Sales from 2014

2%

Minimum Sale Price

$367,500

Median Sale Price

$820,500

Average Sale Price

$889,633

Change in Med. Sold Price from 2014

9%

Maximum Price Sold

$2,425,000

Median Price/Sq. Ft.

$397

Change Price/Sq. Ft. from ‘07 Peak

-1%

Median Days on Market

37

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

756 2015

724 2 0 14

712 2013

759 2012

610 2011

571 2010

610 2009

563 2008

2007

2006

496

750

# UNITS SOLD

High

#1 BROKER HIGHEST AVERAGE SALE PRICE

$2.4M

$765K 2015

$702K 2 0 14

$624K 2013

$526K 2012

$469K 2011

$530K 2010

$531K 2009

$598K

$758K 2007

2008

$781K 2006

AVERAGE SALE PRICE

Low

Decker Bullock Sotheby’s International Realty represented the highest priced sale for Novato in 2015.


SINGLE FAMILY HOMES # of Single Family Homes Sold

30

% Change in Sales from 2014

-32%

Minimum Sale Price

$1,080,000

Median Sale Price

$3,160,000

Average Sale Price

$3,740,167

Change in Med. Sold Price from 2014

17%

Maximum Price Sold

$10,500,000

Median Price/Sq. Ft.

$1,002

Change Price/Sq. Ft. from ‘07 Peak

3%

Median Days on Market

22

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

44

44

2015

2 0 14

2013

2012

2011

2010

2009

2008

2007

2006

20

27

30

35 28

29

34

42

# UNITS SOLD

$ 3 .74 M 2015

$3.26M 2 0 14

$2.81M 2013

$2.28M

$2.87M 2011

High

2012

$2.97M 2010

$2.27M

$3.18M 2008

2009

$3.28M 2007

2006

$ 2 .7 1 M

AVERAGE SALE PRICE

Low

30

$1,002

17%

$10.5M

HOMES SOLD

MEDIAN PRICE/SF

MEDIAN PRICE (YOY)

HIGHEST PRICE SOLD


SINGLE FAMILY HOMES # of Single Family Homes Sold

158

% Change in Sales from 2014

-16%

Minimum Sale Price

$510,000

Median Sale Price

$1,097,500

Average Sale Price

$1,240,026

Change in Med. Sold Price from 2014

13%

Maximum Price Sold

$3,200,000

Median Price/Sq. Ft.

$608

Change Price/Sq. Ft. from ‘07 Peak

6%

Median Days on Market

28

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

2 0 14

2013

166 2015

193

242

201 2012

14 0 2011

137

152 2010

2008

2009

179 2007

115

166 2006

# UNITS SOLD

$3.2M

Decker Bullock Sotheby’s International Realty represented the highest priced sale for San Anselmo in 2015.

$1.21M 2015

$ 1 . 14 M 2 0 14

$ 1 .0 4 M 2013

$937K

$857K 2011

High

2012

$831K 2010

$836K 2009

$1.24M

$ 1 .0 6 M 2007

2008

$ 1 .0 7 M 2006

AVERAGE SALE PRICE

Low

$608 MEDIAN PRICE/SF


SINGLE FAMILY HOMES # of Single Family Homes Sold

502

% Change in Sales from 2014

2%

Minimum Sale Price

$252,843

Median Sale Price

$965,000

Average Sale Price

$1,102,284

Change in Med. Sold Price from 2014

13%

Maximum Price Sold

$4,875,000

Median Price/Sq. Ft.

$505

Change Price/Sq. Ft. from ‘07 Peak

7%

Median Days on Market

31

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

715 2015

704 2 0 14

758 2013

695 2012

603 2011

650 2010

565 2009

488 2008

562 2007

2006

669

# UNITS SOLD

$932K 2015

$843K 2 0 14

$783K 2013

$622K

$620K 2011

High

2012

$625K 2010

$639K 2009

$790K

$906K 2007

2008

$884K 2006

AVERAGE SALE PRICE

Low

#1 BROKER

#1 BROKER

$4.875M

HIGHEST AVERAGE SALE PRICE

BY UNITS AND VOLUME

HIGHEST PRICE SOLD


SINGLE FAMILY HOMES # of Single Family Homes Sold

58

% Change in Sales from 2014

-22%

Minimum Sale Price

$545,000

Median Sale Price

$1,980,000

Average Sale Price

$1,979,108

Change in Med. Sold Price from 2014

39%

Maximum Price Sold

$6,500,000

Median Price/Sq. Ft.

$899

Change Price/Sq. Ft. from ‘07 Peak

25%

Median Days on Market

33

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

113 2015 $ 1 .4 3 M 2015

132 2 0 14 $1.31M 2 0 14

14 0 2013

129 2012

115 2011

76

90 2010

2008

2009

113 2007

74

116 2006

# UNITS SOLD

#1 BROKER BY VOLUME AND UNITS SOLD

$1.16M 2013

$944K

$ 1 .0 6 M 2011

High

2012

$1.11M 2010

$1.30M 2008

$942K

$1.31M 2007

2009

$1.25M 2006

AVERAGE SALE PRICE

Low

Decker Bullock Sotheby’s International Realty represented the highest priced off-market sale (over $20M) in Sausalito for 2015.


SINGLE FAMILY HOMES # of Single Family Homes Sold

115

% Change in Sales from 2014

-9%

Minimum Sale Price

$1,000,000

Median Sale Price

$2,545,000

Average Sale Price

$2,863,813

Change in Med. Sold Price from 2014

-6%

Maximum Price Sold

$10,100,000

Median Price/Sq. Ft.

$927

Change Price/Sq. Ft. from ‘07 Peak

24%

Median Days on Market

34

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

157

178

163

159

133

2 0 14

2015

$2.36M

$ 2 .4 0 M

2 0 14

2015

2013

2012

2011

2010

2009

2008

2007

2006

81

116

122

168

14 2

# UNITS SOLD

High

$ 2 .0 1 M 2013

$ 1 .6 5 M 2012

$1.58M 2011

$1.95M

$1.94M 2009

2010

$ 2 .0 2 M 2008

$2.21M 2007

2006

$1.98M

AVERAGE SALE PRICE

Low

Decker Bullock Sotheby’s International Realty brokered more sales over $10 Million for Tiburon and Belvedere than all other brokerages combined.

#1 BROKER HOMES OVER $5M


SINGLE FAMILY HOMES # of Single Family Homes Sold

80

% Change in Sales from 2014

1%

Minimum Sale Price

$270,000

Median Sale Price

$825,000

Average Sale Price

$893,791

Change in Med. Sold Price from 2014

3%

Maximum Price Sold

$2,450,000

Median Price/Sq. Ft.

$540

Change Price/Sq. Ft. from ‘07 Peak

19%

Median Days on Market

53

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

West Marin: Forest Knolls, Inverness, Lagunitas, Marshall, Nicasio, Olema, Pt. Reyes Station, San Geronimo, Tomales, Woodacre

ALL RESIDENTIAL

Single Family Homes & Condos

80

79

81

74 61

58

2 0 14

2015

$927K

$894K

2 0 14

2015

2013

2012

2011

2010

2009

2008

2007

2006

34

58

54

65

# UNITS SOLD

High

$841K 2013

$600K 2012

$704K 2011

$878K 2010

$1.18M 2008

$887K

$1.22M 2007

2009

$1.25M 2006

AVERAGE SALE PRICE

Low

#1 BROKER

19%

#1 BROKER

BY VOLUME

INCREASE VALUE FROM 2007 PEAK

HIGHEST AVERAGE SALE PRICE


CONDOMINIUMS # of Condominiums Sold

706

% Change in Sales from 2014

3%

Minimum Sale Price

$107,000

Median Sale Price

$560,000

Average Sale Price

$620,403

Change in Med. Sold Price from 2014

13%

Maximum Price Sold

$2,500,000

Median Price/Sq. Ft.

$442

Change Price/Sq. Ft. from ‘07 Peak

-1%

Median Days on Market

34

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

MARIN CONDOMINIUMS

707 2015

687 2 0 14

675 2013

627 2012

594 2011

47 9 2010

505 2009

509 2008

508 2007

2006

644

# UNITS SOLD

High

$621K 2015

$558K 2 0 14

$489K 2013

$379K 2012

$368K 2011

$400K 2010

$382K 2009

$ 47 5 K

$643K 2007

2008

$603K 2006

AVERAGE SALE PRICE

Low

$560K

$442

13%

$2.5M

MEDIAN SALE PRICE

MEDIAN PRICE/SF

MEDIAN PRICE (YOY)

HIGHEST PRICE SOLD


SINGLE FAMILY HOMES # of Single Family Homes Sold

1,276

% Change in Sales from 2014

11%

Minimum Sale Price

$80,000

Median Sale Price

$597,000

Average Sale Price

$820,975

Change in Med. Sold Price from 2014

10%

Maximum Price Sold

$11,100,000

Median Price/Sq. Ft.

$338

Change Price/Sq. Ft. from ‘07 Peak

-12%

Median Days on Market

50

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

2015 $782K 2015

14 1 9

2 0 14 $735K 2 0 14

1271

1507 2013

14 4 0

1648 2012

2010

2011

1342

1297 2009

1035 2008

952 2007

2006

1271

# UNITS SOLD

$603K 2013

$542K

$ 47 2 K 2011

High

2012

$ 47 6 K 2010

$448K 2009

$606K

$864K 2007

2008

$857K 2006

AVERAGE SALE PRICE

Low

$338

$597K

$11.1M

10%

MEDIAN PRICE/SF

MEDIAN SALE PRICE

HIGHEST PRICE SOLD

MEDIAN PRICE (YOY)


SINGLE FAMILY HOMES # of Single Family Homes Sold

4,787

% Change in Sales from 2014

2%

Minimum Sale Price

$48,000

Median Sale Price

$529,000

Average Sale Price

$644,329

Change in Avg. Sold Price from 2014

9%

Maximum Price Sold

$11,500,000

Median Price/Sq. Ft.

$332

Change Price/Sq. Ft. from ‘07 Peak

-3%

Median Days on Market

42

Increased Year Over Year [YOY]

Decreased Year Over Year [YOY]

ALL RESIDENTIAL

Single Family Homes & Condos

5 474 2015 $603K 2015

5265 2 0 14 $559K 2 0 14

5582 2013

6127 2012

5394 2011

5060 2010

5 47 3 2009

4929 2008

4005 2007

2006

5206

# UNITS SOLD

$416K

$492K 2013

$376K 2011

High

2012

$407K 2010

$385K 2009

$465K

$627K 2007

2008

$639K 2006

AVERAGE SALE PRICE

Low

$332

9%

$560K

$11.5M

MEDIAN PRICE/SF

MEDIAN PRICE (YOY)

MEDIAN SALE PRICE

HIGHEST PRICE SOLD


SINGLE FAMILY HOMES

CONDOS / TIC

2,282

2,851

-5%

-9%

$320,000

$104,557

Median Sale Price

$1,250,000

$1,095,000

Average Sale Price

$1,637,974

$1,243,293

13%

13%

Maximum Price Sold

$31,000,000

$9,400,000

Average Price/Sq. Ft.

$888

$1,003

27

32

# Units Sold % Change in Sales from 2014 Minimum Sale Price

Change in Avg. Sold Price from 2014

Average Days on Market

DISTRICT

NEIGHBORHOODS

# UNITS SOLD

S INGL E FA M ILY HOM ES

1

Central Richmond, Inner Richmond, Jordan Park / Laurel Heights, Lake Street, Sea Cliff, Lone Mountain

192

2

Golden Gate Heights, Outer Parkside, Outer Sunset, Parkside, Central Sunset, Inner Sunset, Inner Parkside

407

3

Lake Shore, Merced Heights, Pine Lake Park, Stonestown, Lakeside, Merced Manor, Ingleside Heights, Oceanview

149

4

Balboa Terrace, Diamond Heights, Forest Hill, Forest Knolls, Ingleside Terrace, Midtown Terrace, Saint Francis Wood, Miraloma Park, Forest Hill Extension, Sherwood Forest, Mount Davidson Manor, Westwood Highlands, Westwood Park, Sunnyside, West Portal

334

5

Glen Park, Haight Ashbury, Noe Valley, Twin Peaks, Cole Valley/Parnassus Heights, Buena Vista /Ashbury Heights, Corona Heights, Clarendon Heights, Duboce Triangle, Eureka Valley/Dolores Heights, Mission Dolores

300

6

Anza Vista, Hayes Valley, Lower Pacific Heights, Western Addition, Alamo Square, North Panhandle

37

7

Marina, Pacific Heights, Presidio Heights, Cow Hollow

87

8

Downtown, Financial District / Barbary Coast, Nob Hill, North Beach, Russian Hill, Van Ness/Civic Center, Telegraph Hill, North Waterfront, Tenderloin

22

9

Bernal Heights, Inner Mission, Mission Bay, Potrero Hill, South of Market, Yerba Buena, South Beach, Central Waterfront /Dogpatch

262

Bayview, Crocker Amazon, Excelsior, Outer Mission, Visitacion Valley, Portola, Silver Terrace, Mission Terrace, Hunter Point, Bayview Heights, Candlestick, Little Hollywood

491

10

26 | Decker Bullock Sotheby’s International Realty


AVERAGE PRICE

MAXIMUM PRICE

# UNITS SOLD

AVERAGE PRICE

MAXIMUM PRICE

$1,919,050

$11,000,000

150

$1,125,296

$2,650,000

$1,207,453

$3,850,000

46

$990,967

$1,667,500

$976,865

$1,900,000

51

$793,583

$1,516,329

$1,607,329

$6,285,000

51

$728,389

$1,215,000

$2,335,805

$7,000,000

471

$1,270,419

$6,500,000

$2,481,297

$6,500,000

278

$1,137,107

$2,715,000

$6,010,887

$31,000,000

261

$1,720,559

$9,250,000

$3,987,773

$10,690,000

448

$1,367,964

$9,400,000

$1,509,183

$9,500,000

1,031

$1,197,581

$7,495,000

$806,030

$1,850,000

64

$648,849

$1,030,000

SINGL E FA M ILY H O M E S

SI NGLE FAMI LY HO ME S

COND OS / TIC

COND OS / TIC

COND OS / T IC

2015 Market Report | 27


28 | Decker Bullock Sotheby’s International Realty

All data courtesy of BAREIS MLS


The luxury market in Marin is generally the last to peak in a cycle; Marin’s last peak was in 2007. In 2015 a new, record-breaking price for Marin County residential sales was established at $47.5 million for a property in Belvedere. There were more residential sales over $10 million than at any other time in Marin’s history. Decker Bullock Sotheby’s International Realty represented the largest share of these sales. In addition, Decker Bullock Sotheby’s International Realty represented significant luxury sales in San Francisco and in the Wine Country region. The charts below show the number of home sales over the last ten years between $5 and $10 Million and over $10 Million.

37 2015

2 0 14

15 2013

16 2012

11 2011

13 2010

8 2009

2008

2007

2006

13

19

30

36

H I STO RY O F $ 5 M - $ 1 0 M SALES I N MARI N

2015

2013

2012 1

2011 1

2009

2010 High

2 0 14

2

3

3 2008

2006

2

3 2007

7

H I STO RY O F $ 1 0 M+ SALES I N MARI N

Low

2015 Market Report | 29


A T T R A CBTRI N AN G DB U AY DEVA R SN T WAOGREL D W I D E STATE OF TH E A RT WORL DWIDE AND LOCAL EXPOSURE

74,737,939 S OT H E BYS R E ALT Y. COM PAGE VIEWS IN 2015

9,348,472 S OT H E BYS R E A LT Y. CO M U N I Q U E V I S I TO RS I N 2 0 1 5

% 48

OF U N I Q UE VIS I TO RS F RO M OUTSIDE THE UNITED STATES


2015 Market Report | 31


Sausalito

over $20,000,000

Belvedere

$15,500,000

Belvedere

$13,000,000

Napa

$11,000,000

Belvedere

$10,500,000

Belvedere

$10,500,000

32 | Decker Bullock Sotheby’s International Realty


San Francisco

$9,998,000

Belvedere

$8,950,000

Kentfield

$8,125,000

Belvedere

$7,900,000

Nicasio

$7,750,000

Ross

$7,500,000

2015 Market Report | 33


Tiburon

$7,300,000

Kentfield

$6,400,000

Tiburon

$6,340,000

Stinson Beach

$5,940,000

Mill Valley

$5,800,000

Tiburon

$5,700,000

34 | Decker Bullock Sotheby’s International Realty


Kentfield

$5,675,890

Belvedere

$5,300,000

Stinson Beach

$5,300,000

Mill Valley

$5,000,000

Ross

$5,000,000

San Rafael

$4,800,000

2015 Market Report | 35


Kentfield

$4,554,000

Mill Valley

$4,355,000

Mill Valley

$4,200,000

Tiburon

$4,200,000

Kentfield

$4,100,000

San Rafael

$3.700,000

36 | Decker Bullock Sotheby’s International Realty


Sausalito

$3,400,000

Larkspur

$3,100,000

San Anselmo

$2,830,000

Corte Madera

$2,700,000

Greenbrae

$2,500,000

Novato

$2,425,000

2015 Market Report | 37


Heidi Pay Chief Operating Officer General Manager heidi.pay@sir.com 415.384.4008

David Elgort Vice President of Sales and Director of Risk Management david.elgort@sir.com 415.384.3422

Michael Cohen Vice President of Sales michael.cohen@sir.com 415.384.3404

Fred Angeli Vice President of Sales and Risk Management fred.angeli@sir.com 415.528.5088

Southern Marin Office 100 Tiburon Blvd. Mill Valley, CA 94941 415.381.7300

Mill Valley Office 78 E. Blithedale Ave. Mill Valley, CA 94941 415.380.4300

Stinson Beach Office 3605 Shoreline Hwy. | Box 66 Stinson Beach CA 94970 415.868.9200

Ross Valley Office 189 Sir Francis Drake Blvd. Greenbrae, CA 94904 415.461.7200

Drakes Landing Office 500 Drakes Landing Road Greenbrae, CA 94904 415.464.9300

Belvedere - Tiburon Office 10 Beach Road Tiburon, CA 94920 415.435.0700

Sausalito Office 211 Second Street Sausalito, CA 94965 415.331.9000

San Rafael Office 100 Smith Ranch Road, # 110 San Rafael, CA 94903 415.456.1200

Novato Office 438 Ignacio Blvd. Novato, CA 94949 415.883.2900

Profile for Golden Gate Sotheby's International Realty

2015 Annual Market Report  

Presenting real estate statistics and home sales data for Marin, Napa, Sonoma, and San Francisco.

2015 Annual Market Report  

Presenting real estate statistics and home sales data for Marin, Napa, Sonoma, and San Francisco.