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Q3 2018

MARKET REPORT SAN FRANCISCO BAY AREA


2018 MARKET REPORT

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Q3


2018 MARKET REPORT

The Bay Area Housing Market Welcome to our Q3 Market Report. The following pages present the current state of the Real Estate market throughout the entire San Francisco Bay Area. We begin with economic and real estate commentary presented in partnership with the Rosen Consulting Group (RCG). For our statistical report of the regional housing market, we take a close look at the ten counties associated with the Bay Area. This report focuses primarily on detached single family homes, with added coverage of the significant condominium market in San Francisco. All data is sourced from local Multiple Listing Service (MLS) organizations. EMPLOYMENT KEEPS R ISING Bay Area payroll employment rose by 2.1% yearover-year through August 2018, or 86,000 jobs. Payrolls in most sectors grew at a strong pace. Favorable demographic trends supported robust hiring in the educational and health services sector, which expanded by 3.7% year-over-year, or the addition of more than 22,000 jobs. Knowledge-economy industries also continued to fuel a significant portion of overall job creation. The professional and business services sector led absolute job gains with approximately 25% of total job creation. Advanced manufacturing, research and development and other tech-related activities fueled strong employment gains in

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the manufacturing and information services sectors. Each of these sectors contributed approximately 10% of total job gains.

VC IN V ESTMENT R E ACHES HIGH VC investment in the Bay Area remained strong through the first half of the year and reached $20 billion, up 32% from the same period the year prior and an 18-year high compared with previous years. Moving forward, we expect the Bay Area to continue to remain a tech epicenter. As a result, the highly-educated and innovative talent pool should remain in the Bay Area despite declining affordability. This in turn should continue to spur tech-related expansion and job growth through the next couple of years.

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2018 MARKET REPORT

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A T U R N I NG P OI N T F OR T H E B AY A R E A HOUSI NG M A R K E T ?

Home Sales

Median Sales Price

18,000

$1,100,000

15,000

$1,000,000

12,000

$900,000

9,000 $800,000

6,000

$700,000

3,000 0

1Q17

2Q17

3Q17

4Q17

1Q18

2Q18

3Q18

$600,000

PACE OF SA LES SLOWS

STILL PLENT Y OF BU Y ER S

Following multiple years of very rapid home price appreciation, the pace of sales decreased. The sharp increase of home prices at the lowerend of the housing segment pushed potential homebuyers out of the market, particularly firsttime buyers. As a result, affordability remains a major concern, and fewer households were able to purchase homes. Overall home sales declined by 9% year-over-year to approximately 13,600, following annual declines of 0.5% and 3% in the previous two quarters. In addition, because the pace of sales decreased, the median home price of $940,100 in the third quarter of 2018 was lower than the $1 million median price in the second quarter.

Although continued price appreciation pushed some households out of the lower-end of the housing segment, there is still strong demand in the middle and upper-end of the housing market. In fact, a household would need to make approximately $200,000 annually to afford a home priced at $1.2 million, and approximately 20% of all households in the Bay Area, or 583,000 households, had a median income of at least $200,000 in 2017. Reflecting the large pool of buyers at the middle- and upper-end of the market, the number of homes sold between $1.5 and $3 million increased by 4.9% and homes more than $3 million rose by 14.8% within the last year. Even though the median home price in the third quarter was lower compared with the prior quarter, strong demand for upper-end homes still pushed the overall median home price up by 11% year-overyear.

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2018 MARKET REPORT

S A L E S BY C OU N T Y · SI NG L E FA M I LY HOM E S Median Price County

2017 Q3

2018 Q3

Alameda

$860,000

$950,000

Contra Costa Marin Napa

Avg. Price per Sq. Foot

Number of Sales

Change

2017 Q3

2018 Q3

Change

2017 Q3

2018 Q3

Change

11%

$536

$597

11%

2833

2665

-6%

$615,000

$660,000

7%

$380

$409

8%

3160

2863

-9%

$1,225,000

$1,300,000

6%

$694

$723

4%

615

605

-2%

$655,000

$727,000

11%

$456

$516

13%

338

341

1%

San Francisco

$1,360,000

$1,570,000

15%

$908

$987

9%

597

526

-12%

San Mateo

$1,420,000

$1,595,000

12%

$920

$983

7%

1128

1090

-3%

Santa Clara

$1,160,000

$1,300,000

12%

$750

$843

12%

3076

2569

-17%

Santa Cruz

$830,000

$900,500

9%

$553

$604

9%

497

508

2%

Solano

$415,000

$455,000

10%

$256

$280

9%

1389

1225

-12%

Sonoma

$625,000

$659,000

5%

$420

$463

10%

1365

1229

-10%

Bay Area

$850,000

$940,000

11%

$559

$611

9%

14,998

13,621

-9%

SELLER’S M A R K ET HOLDS

A FFOR DA BILIT Y OUTLOOK

Despite a slowdown in overall home sales and a decrease in the median home price from the prior quarter, the Bay Area appears to still be a seller’s housing market. Reflecting sustained demand, the average days on market decreased to 30 days, down from 31 days in the prior year. In addition, there is a large pool of buyers willing and able to pay significantly more over asking to purchase a home. The difference between the median sales and listing price averaged 4.7% during the last six quarters, or $41,000. In the last three quarters, homes sold at an average of $56,000 above the listing price, or a difference of 6.2%.

Looking forward, while a stable economy should support housing demand, there is some uncertainty surrounding the direction of home prices during the coming years, as it is too early to tell whether affordability constraints will have an even larger effect on the single family market. It is likely that affordability should continue to decline, further slowing the pace of overall home sales. Although this is more of a concern at the lower-end of the market, a potential future increase in mortgage rates could push even more households out of the housing market. While the pace of home sales could slow, particularly among lowerend homes, it is unlikely that this would affect home sales in the upper-end of the market, as improving economic conditions should continue to boost incomes, sustaining demand for Bay Area residences despite higher prices.

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2018 MARKET REPORT

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Y E A R- OV E R-Y E A R PR IC E C H A NG E S Single family sales values across the Bay Area increased rapidly as the median existing home price rose by 10.6% in the third quarter of 2018, compared to a year prior. Price appreciation was the strongest in counties on the Peninsula. The median home price increased the most in San Francisco County (15%), followed by slightly more than 12% home price growth in both San Mateo and Santa Clara counties. The median home price also increased rapidly in Napa County (11%) and Alameda County (also 11%). Sales values in all counties increased, and only home prices in Solano, Santa Cruz, Sonoma, Marin and Sonoma grew by less than double digits. Median Sales Price: 2017 Q3 vs. 2018 Q3 San Mateo San Francisco

$1.6M

Marin Santa Clara

$1.2M

Price per Square Foot: 2017 Q3 vs. 2018 Q3 $1,000

Santa Clara $750

Napa Contra Costa Sonoma Solano

$400K

$0K 2017 Q3

2018 Q3

Marin Santa Cruz Alameda

Alameda Santa Cruz $800K

San Francisco San Mateo

$500

$250

$0 2017 Q3

Napa Sonoma Contra Costa Solano

2018 Q3

About Rosen Consulting Group Rosen Consulting Group was founded in 1990 by Dr. Kenneth T. Rosen. Today, Rosen and Arthur Margon are the partners and active managers of the firm consisting of 18 research professionals. Educational backgrounds include PhDs, MBAs, and graduate and undergraduate degrees in real estate, planning, finance, public policy, and economics. In addition to serving as Chairman of RCG, Dr. Rosen is Chairman of the Fisher Center for Real Estate and Urban Economics and Professor Emeritus at the Haas School of Business at the University of California, Berkeley. Dr. Rosen has authored over 100 articles and four books on real estate and real estate finance.

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2018 MARKET REPORT

S A N F R A NC I S C O B AY A R E A C OU N T I E S Napa Sonoma Solano

Marin Contra Costa

San Francisco

Alameda

San Mateo

Santa Clara

Santa Cruz

For our statistical report of the regional housing market, we take a close look at the ten counties associated with the Bay Area (we include Santa Cruz County, as it houses many Bay Area workers and is part of the area served by Golden Gate Sotheby’s International Realty). This report focuses primarily on detached single family homes, with added coverage of the significant condominium market in San Francisco. Data is sourced from local MLS organizations.

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2018 MARKET REPORT

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2018 MARKET REPORT

Q3

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SAN FRANCISCO SINGLE FAMILY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$1,360,000

$908

597

26

Q3 2018

$1,570,000

$987

526

23

% Change

15.4%

8.8%

-11.9%

-14.4%

SF SFH

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$1,700K

2014

2015

2016

2017

2018

$1,570,000

$1,275K $850K $425K

Ju

O ct

l2 01 3 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 800

2013

2014

706 710

628 636

2015

675

641

600 467

400

428

2016

598

2017

655

638

571 363

650

631

2018

657

597 622

526 388

387

200

Ju

l2 01 3 O ct 20 1 Ja 3 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

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S A N F R A NC I S C O : SI NG L E FA M I LY

2018 MARKET REPORT

S A L E S BY DI S T R IC T · SI NG L E FA M I LY HOM E S · Q3 2 018 City

Average

Median

District 1

$2,474,712

District 2

$1,540,300

$1,500,000

District 3

$1,386,577

$1,300,000

$2,100,000

High Sale

Price/SF

$6,750,000

# of Sales

DOM

$1,006

39

21

$3,125,000

$982

110

19

$2,200,000

$832

31

25

District 4

$1,847,124

$1,709,000

$3,700,000

$961

79

25

District 5

$2,385,439

$2,175,000

$4,850,000

$1,283

69

23

District 6

$2,920,333

$3,005,000

$5,800,000

$1,090

12

30

District 7

$5,652,605

$4,900,000

$12,300,000

$1,482

19

42

District 8

$3,766,402

$4,100,000

$5,750,000

$1,243

5

14

District 9

$1,727,689

$1,600,000

$4,114,000

$1,076

55

18

District 10

$1,118,027

$1,075,000

$1,950,000

$779

107

23

$1,892,350

$1,570,000

$12,300,000

$987

526

23

San Francisco

DI S T R IC T 1

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

DI S T R IC T 2

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

DI S T R IC T 3

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

DI S T R IC T 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, Monterey Heights

DI S T R IC T 5

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

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DI S T R IC T 6

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

DI S T R IC T 7

Marina, Pacific Heights, Presidio Heights, Cow Hollow

DI S T R IC T 8

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

DI S T R IC T 9

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

DI S T R IC T 10

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

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2018 MARKET REPORT

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2018 MARKET REPORT

Q3

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SAN FRANCISCO CONDOS Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$1,125,000

$1,059

633

40

Q3 2018

$1,195,000

$1,123

701

33

% Change

6.2%

6.0%

10.7%

-16.5%

SF Condos

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$1,300K

2014

2015

2016

2017

2018

$1,195,000

$975K $650K $325K

Ju l

O ct

20 13 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 2013

1000

2014

907

874 866

750

2015

812

2016

2017

864 762

682

668 583

757

590

884

834

827

748 742 734 567

2018

633

630

701

500 250

Ju

l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 1 Ja 5 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

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S A N F R A NC I S C O S A L E S : C ON D O S

2018 MARKET REPORT

S A L E S BY DI S T R IC T · C ON D O S · Q3 2 018 City

Average

Median

District 1

$1,432,153

$1,339,000

District 2

$1,180,111

District 3

$954,444

High Sale

Price/SF

# of Sales 38

DOM

$2,800,000

$934

28

$1,310,000

$1,530,000

$933

9

16

$800,000

$1,445,000

$881

9

19

District 4

$985,442

$997,000

$1,460,000

$720

10

32

District 5

$1,380,322

$1,385,000

$2,850,000

$1,155

108

21

District 6

$1,298,644

$1,300,000

$2,800,000

$1,153

52

25

District 7

$1,576,549

$1,435,000

$4,250,000

$1,195

61

27

District 8

$1,203,661

$1,080,000

$3,995,000

$1,149

133

41

District 9

$1,269,457

$1,100,000

$7,300,000

$1,175

258

38

$775,922

$790,000

$1,475,000

$698

23

43

$1,286,325

$1,195,000

$7,300,000

$1,123

701

33

District 10 San Francisco

DI S T R IC T 1

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

DI S T R IC T 2

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

DI S T R IC T 3

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

DI S T R IC T 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, Monterey Heights

DI S T R IC T 5

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

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DI S T R IC T 6

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

DI S T R IC T 7

Marina, Pacific Heights, Presidio Heights, Cow Hollow

DI S T R IC T 8

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

DI S T R IC T 9

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

DI S T R IC T 10

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

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2018 MARKET REPORT

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2018 MARKET REPORT

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ALAMEDA COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$860,000

$536

2833

22

Q3 2018

$950,000

$597

2665

19

% Change

10.5%

11.4%

-5.9%

-12.0%

Alameda County

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$1,000K

2014

2015

2016

2017

2018

$950,000

$750K $500K $250K

O ct

Ju l

20 13 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 2013

3200 3033

2014

2718

3060 2844 2538

2015 3147

3070 2630

2016

2885 2910 2578

2018

2017

2879 2835

2629

2964 2665

2400 1856

1773

1764

1799

1750

1600 800

Ju l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 1 Ja 6 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

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A L A M E DA C OU N T Y S A L E S

2018 MARKET REPORT

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City Alameda

Average $1,160,665

Median $1,125,000

High Sale

Price/SF

$2,437,500

$644

# of Sales 103

DOM 17

Albany

$1,123,722

$1,042,500

$1,900,000

$833

18

18

Berkeley

$1,437,447

$1,300,000

$4,030,000

$782

164

23

Castro Valley

$944,693

$875,000

$2,550,000

$529

133

21

Dublin

$1,110,323

$1,094,000

$2,135,000

$506

116

19

Emeryville

$993,500

$993,500

$1,310,000

$620

2

14

Fremont

$1,300,595

$1,212,500

$3,775,000

$759

358

19

Hayward

$757,565

$710,000

$1,650,000

$495

275

19

$916,047

$840,000

$2,225,000

$495

251

17

$1,007,859

$981,000

$1,450,000

$659

91

19

Livermore Newark Oakland

$906,363

$801,000

$3,100,000

$581

611

22

Piedmont

$2,535,577

$2,318,000

$5,050,000

$826

21

19

Pleasanton

$1,367,502

$1,230,000

$3,400,000

$594

191

22

San Leandro

$726,698

$710,000

$1,175,000

$500

183

16

San Lorenzo

$675,791

$680,000

$860,000

$518

53

17

Sunol

$1,116,000

$1,000,000

$1,500,000

$639

3

32

Union City

$1,054,916

$1,060,000

$1,635,000

$583

92

15

Alameda County

$1,037,509

$950,000

$5,050,000

$597

2665

19

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2018 MARKET REPORT

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2018 MARKET REPORT

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CONTRA COSTA COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$615,000

$380

3160

26

Q3 2018

$660,000

$409

2863

26

% Change

7.3%

7.6%

-9.4%

1.2%

Contra Costa

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$700K

2014

2015

2016

2017

2018

$660,000

$525K $350K $175K

Ju

O ct

l2 01 3 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 2013

3400

2014

2979

2942 2966

2504

2475

2550

2015 3330 3248

1922

2021

2670

2016

2017

3146 3085 2700

2016

2018

3197 3160

2075

2690

3106 2863

2004

1700 850

Ju

l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

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C ON T R A C O S TA C OU N T Y S A L E S

2018 MARKET REPORT

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City Alamo

Average

Median

$1,892,195

$1,579,000

Antioch

$465,425

$455,000

Bay Point

$506,606

$487,000

Bethel Island

High Sale $6,000,000

Price/SF

# of Sales

DOM

$568

51

52

$900,000

$271

348

18

$800,000

$305

46

28

$567,875

$574,500

$775,000

$367

8

36

Brentwood

$645,590

$620,000

$1,550,000

$272

286

30

Byron

$808,000

$1,000,000

$1,104,000

$371

3

50

Clayton

$829,647

$815,000

$1,250,000

$412

37

24

Concord

$652,047

$625,000

$1,600,000

$404

308

24

Crockett

$616,106

$630,250

$900,000

$357

10

36

Danville

$1,514,644

$1,384,500

$3,594,500

$541

196

35

Diablo

$2,053,857

$1,775,000

$3,325,000

$547

7

75

Discovery Bay

$693,218

$635,000

$1,600,000

$275

89

41

El Cerrito

$966,330

$950,000

$1,675,000

$607

53

20

El Sobrante

$593,417

$604,500

$805,000

$412

30

27

Hercules

$695,727

$695,000

$1,188,000

$345

51

18

Kensington

$1,204,615

$1,000,000

$1,805,000

$642

13

19

Knightsen

$1,149,500

$1,149,500

$1,200,000

$354

2

25

Lafayette

$1,696,918

$1,435,500

$4,970,000

$688

76

29

Martinez

$689,436

$649,888

$3,100,000

$431

125

26

$1,509,248

$1,328,000

$3,500,000

$607

31

19

Moraga Oakley

$519,722

$505,000

$989,000

$273

153

21

Orinda

$1,778,626

$1,495,000

$12,250,000

$622

82

36

Pacheco

$618,800

$600,000

$760,000

$384

5

33

Pinole

$608,310

$588,500

$879,000

$406

46

21

Pittsburg

$465,795

$450,500

$829,000

$287

132

30

Pleasant Hill

$850,501

$830,000

$1,330,000

$495

92

21

Port Costa

$719,000

$719,000

$719,000

$384

1

37

Richmond

$552,618

$534,975

$1,400,000

$432

204

24

Rodeo

$511,688

$550,000

$651,000

$399

8

26

San Pablo

$477,520

$475,000

$658,000

$426

49

30

$1,246,389

$1,225,000

$2,500,000

$503

177

17

Walnut Creek

$1,175,109

$1,150,000

$2,450,000

$560

144

26

Contra Costa County

$836,656

$660,000

$12,250,000

$409

2863

26

San Ramon

Each office is independently owned and operated.

|

Q3


2018 MARKET REPORT

|

2018 MARKET REPORT

Q3

|

Q3

MARIN COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$1,225,000

$694

615

57

Q3 2018

$1,300,000

$723

605

47

% Change

6.1%

4.1%

-1.6%

-18.2%

Marin

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$1,500K

2014

2015

2016

2017

2018

$1,300,000 $1,125K $750K $375K

Ju

O ct

l2 01 3 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 800

2013

2014 775

400

529

716 615

527 513

521 383

2018

741

715 635

623 417

2017

2016

721

695 558

600

2015

341

335

605

550 351

200

Ju

l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 1 Ja 5 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

Each office is independently owned and operated.


M A R I N C OU N T Y S A L E S

2018 MARKET REPORT

|

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City Belvedere

Average

Median

High Sale

$4,030,455

$3,250,000

Bolinas

$1,814,500

Corte Madera

$2,439,554

Dillon Beach

Price/SF

# of Sales

$6,700,000

$1,284

$1,600,000

$3,400,000

$1,575,000

$21,400,000

DOM

11

94

$1,272

5

123

$860

24

46

$948,333

$965,000

$1,050,000

$435

3

34

$1,135,682

$1,062,500

$2,400,000

$659

22

33

$804,083

$873,000

$1,012,500

$583

6

43

Greenbrae

$1,788,200

$1,683,000

$2,800,000

$814

15

39

Inverness

$1,187,278

$1,197,000

$1,611,784

$704

10

84

Kentfield

$2,044,750

$1,895,500

$4,007,000

$918

22

45

$937,333

$850,000

$1,182,000

$469

3

107

Larkspur

$2,106,944

$1,935,000

$3,600,000

$901

14

42

Marshall

$1,375,000

$1,375,000

$1,450,000

$NaN

2

138

Mill Valley

$2,046,302

$1,619,500

$11,460,000

$904

78

34

Fairfax Forest Knolls

Lagunitas

Muir Beach

$1,350,000

$1,350,000

$1,350,000

$779

1

97

Nicasio

$1,445,000

$1,390,000

$1,675,000

$809

3

38

Novato

$1,006,076

$950,000

$2,395,000

$504

131

43

Olema

$1,019,000

$1,019,000

$1,019,000

$523

1

52

Pt. Reyes Station Ross San Anselmo

-

-

-

-

0

-

$3,489,000

$2,907,500

$6,700,000

$1,084

10

48

$1,428,622

$1,156,500

$4,150,000

$711

49

37

San Geronimo

$1,612,000

$1,710,000

$2,400,000

$532

5

103

San Rafael

$1,346,733

$1,210,000

$6,866,500

$624

134

40

Sausalito

$1,957,875

$1,969,000

$2,703,500

$932

12

64

Stinson Beach

$2,729,750

$3,137,500

$4,000,000

$1,350

6

58

Tiburon

$2,734,606

$2,400,000

$7,600,000

$893

33

80

Tomales

$960,500

$960,500

$1,331,000

$538

2

74

Woodacre

$857,000

$899,000

$970,000

$502

3

54

$1,635,511

$1,300,000

$21,400,000

$723

605

47

Marin County

Each office is independently owned and operated.

Q3


2018 MARKET REPORT

|

2018 MARKET REPORT

Q3

|

Q3

NAPA COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$655,000

$456

338

76

Q3 2018

$727,000

$516

341

67

% Change

11.0%

13.1%

0.9%

-11.5%

Napa

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$800K

2014

2015

2016

2017

2018

$727,000

$600K $400K $200K

Ju

O ct

l2 01 3 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 2013

2014

376

400

2015

362

357 315

271 259 212

382

360

2017

387

357 321

308

300

2016

280 242

264

2018

338

315

286

341

246

200 100

Ju

l2 01 3 O ct 20 1 Ja 3 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

Each office is independently owned and operated.


N A PA C OU N T Y S A L E S

2018 MARKET REPORT

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City American Canyon

Average

Median

$573,163

$568,000

Angwin

$1,150,500

Calistoga

$1,399,560

High Sale

Price/SF

$780,000

$285

$1,027,500

$2,200,000

$963,042

$4,200,000

# of Sales

DOM

37

41

$505

6

103

$814

18

64

Napa

$929,024

$710,000

$9,300,000

$486

234

63

Pope Valley

$198,250

$216,000

$235,000

$149

4

119

$1,749,332

$1,444,575

$4,500,000

$809

37

108

$1,417,600

$1,450,000

$1,680,000

$748

5

94

$1,006,745

$727,000

$9,300,000

$516

341

67

St. Helena Yountville Napa County

Each office is independently owned and operated.

|

Q3


2018 MARKET REPORT

|

2018 MARKET REPORT

Q3

|

Q3

SAN MATEO COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$1,420,000

$920

1128

22

Q3 2018

$1,595,000

$983

1090

22

% Change

12.3%

6.9%

-3.4%

3.1%

San Mateo

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$1,700K

2014

2015

2016

2017

2018

$1,595,000

$1,275K $850K $425K

Ju

O ct

l2 01 3 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 2013

1500

2014

1373 1341

1336 1205 826

2016

1280 1254 1130

1125 750

2015

1213 1172 1037

753

728

2017

2018

1301

1245

1129 1122

1083 729

1090 754

375

Ju

l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 1 Ja 6 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

Each office is independently owned and operated.


S A N M AT E O C OU N T Y S A L E S

2018 MARKET REPORT

|

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City Atherton

Average $8,080,059

Median

High Sale

Price/SF

# of Sales

DOM

$6,400,000

$20,000,000

$1,588

17

69

Belmont

$1,937,765

$1,844,975

$3,200,000

$1,032

58

16

Brisbane

$1,391,000

$1,495,000

$1,800,000

$581

3

21

Burlingame

$2,452,372

$2,250,000

$4,300,000

$1,196

43

18

Colma

$1,216,250

$1,205,000

$1,550,000

$582

4

13

Daly City

$1,056,217

$1,025,000

$1,560,000

$753

82

19

East Palo Alto

$1,120,936

$1,100,000

$1,770,000

$783

25

24

El Granada

$1,242,462

$1,200,000

$1,700,000

$604

13

34

Foster City

$1,941,509

$1,880,000

$2,920,000

$939

35

18

$1,417,619

$1,310,000

$2,425,000

$697

37

31

Half Moon Bay Hillsborough

$4,907,944

$4,150,000

$14,300,000

$1,152

36

49

La Honda

$940,250

$806,000

$1,950,000

$785

8

18

Loma Mar

-

-

-

-

0

-

Menlo Park

$2,637,005

$2,230,000

$7,995,000

$1,305

76

27

Millbrae

$1,765,719

$1,703,000

$3,122,800

$1,007

41

14

Montara

$1,250,389

$1,272,000

$1,508,000

$593

8

14

Moss Beach

$1,229,571

$1,260,000

$1,400,000

$789

7

49

Pacifica

$1,200,391

$1,180,000

$2,200,000

$800

69

18

Pescadero

$589,500

$589,500

$625,000

$677

2

24

Portola Valley

$2,936,111

$2,750,000

$4,545,000

$1,073

9

73

Redwood City

$1,790,600

$1,739,000

$3,500,000

$1,051

129

17

Redwood Shores

$2,439,125

$2,469,000

$3,000,000

$1,031

8

8

San Bruno

$1,247,960

$1,260,500

$1,610,000

$867

50

16

San Carlos

$2,094,921

$1,925,000

$4,460,709

$1,141

61

15

San Mateo

$1,739,024

$1,650,000

$4,800,000

$1,013

173

19

South San Francisco

$1,141,684

$1,106,000

$1,895,000

$790

76

15

Woodside

$4,212,450

$3,650,000

$7,500,000

$1,211

20

78

San Mateo County

$1,939,490

$1,595,000

$20,000,000

$983

1090

22

Each office is independently owned and operated.

Q3


2018 MARKET REPORT

|

2018 MARKET REPORT

Q3

|

Q3

SANTA CLARA COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$1,160,000

$750

3076

20

Q3 2018

$1,300,000

$843

2569

22

% Change

12.1%

12.3%

-16.5%

10.2%

Santa Clara

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$1,500K

2014

2015

2016

2017

2018

$1,300,000 $1,125K $750K $375K

Ju

l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 2013

3400 3152

3130

2606

2550

1845

1700

3260

3181

3100

2931

2017

2016

2015 3358

2014

2796 2484

2447 1927

1775

2587

2018

3112

3076 2468

1871

2569

1930

850

Ju

l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

Each office is independently owned and operated.


S A N TA C L A R A C OU N T Y S A L E S

2018 MARKET REPORT

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City Alviso

Average $1,235,000

Median $1,235,000

High Sale $1,235,000

Price/SF $596

# of Sales

DOM

1

42

Campbell

$1,501,211

$1,425,000

$3,231,250

$923

79

22

Cupertino

$2,372,394

$2,300,000

$4,320,000

$1,261

58

19

Gilroy

$889,355

$795,000

$2,385,000

$429

133

23

Los Altos

$3,756,039

$3,400,000

$6,900,000

$1,517

59

19

Los Altos Hills

$4,830,164

$4,700,000

$7,150,000

$1,283

20

37

Los Gatos

$2,096,726

$1,999,000

$4,822,500

$937

92

42

$1,221,187

$1,190,000

$3,120,000

$726

96

21

Monte Sereno

$3,182,801

$2,800,000

$6,250,000

$1,069

17

29

Morgan Hill

$1,125,850

$1,036,500

$2,675,000

$466

128

23

Mountain View

$2,379,098

$2,240,000

$3,600,000

$1,325

50

19

Palo Alto

$3,627,407

$3,188,000

$10,500,000

$1,751

71

19

San Jose

$1,232,716

$1,165,000

$4,200,000

$729

1379

21

Milpitas

San Martin

$1,207,439

$1,257,500

$1,500,000

$590

10

31

Santa Clara

$1,468,780

$1,420,000

$2,450,000

$997

145

20

Saratoga

$2,979,870

$2,865,000

$6,200,000

$1,104

66

28

Stanford

$2,631,667

$2,735,000

$2,935,000

$1,246

3

12

Sunnyvale

$1,837,871

$1,843,750

$3,100,000

$1,176

162

20

$1,559,376

$1,300,000

$10,500,000

$843

2569

22

Santa Clara County

Each office is independently owned and operated.

|

Q3


2018 MARKET REPORT

|

2018 MARKET REPORT

Q3

|

Q3

SANTA CRUZ COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$830,000

$553

497

37

Q3 2018

$900,500

$604

508

34

% Change

8.5%

9.4%

2.2%

-8.2%

Santa Cruz

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

$1,000K

2014

2015

2016

2017

2018

$900,500

$750K $500K $250K

O ct

Ju l

20 13 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 700

2013

2014

580

525

2016

582

494 515

445

443 350

2017

595 616

513

451

350

2015

356

478 497

416 323

327

2018

543

523 508 340

175

Ju l

20 13 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 1 Ja 5 n 20 1 Ap 6 r2 01 Ju 6 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

Each office is independently owned and operated.


S A N TA C RUZ C OU N T Y S A L E S

2018 MARKET REPORT

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City Aptos

Average $1,151,272

Median

High Sale

Price/SF

$981,000

$2,830,000

$631

# of Sales

DOM

80

35

Ben Lomond

$871,478

$810,000

$1,850,000

$485

23

28

Boulder Creek

$616,881

$620,000

$1,023,500

$478

42

32

Brookdale

$682,600

$700,000

$749,000

$441

5

23

$1,371,695

$1,205,000

$3,800,000

$941

11

89

Corralitos

$745,000

$745,000

$745,000

$459

1

78

Davenport

$1,300,000

$1,300,000

$1,300,000

$774

1

124

$706,202

$679,750

$1,700,000

$544

36

33

Capitola

Felton Freedom

$527,500

$527,500

$559,000

$482

2

33

La Selva Beach

$1,496,833

$1,237,000

$2,850,000

$660

6

37

Los Gatos

$1,242,340

$1,209,750

$1,775,000

$550

10

44

$467,500

$467,500

$545,000

$359

2

14

Santa Cruz

$1,165,782

$1,025,000

$4,500,000

$720

175

34

Scotts Valley

$1,126,761

$1,152,130

$2,175,000

$555

35

32

Seacliff

$800,000

$800,000

$800,000

$535

1

57

Soquel

$1,297,454

$1,330,000

$2,250,000

$514

12

14

$668,155

$609,750

$1,755,000

$434

66

29

$1,006,565

$900,500

$4,500,000

$604

508

34

Mount Hermon

Watsonville Santa Cruz County

Each office is independently owned and operated.

|

Q3


2018 MARKET REPORT

|

2018 MARKET REPORT

Q3

|

Q3

SOLANO COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$415,000

$256

1389

43

Q3 2018

$455,000

$280

1225

44

% Change

9.6%

9.4%

-11.8%

3.1%

Solano

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

2014

$500K

2015

2016

2017

2018

$455,000

$375K $250K $125K

Ju l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 2013

1600 1200

1152

2015

2014

1134

1075 847

1502 1476 1219 1056

923

2016

1381 1204 1050

2017

1461 1296

2018

1395 1389 1217 1006

1278 1225 948

800 400

Ju

l2 01 3 O ct 20 1 Ja 3 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

Each office is independently owned and operated.


S OL A NO C OU N T Y S A L E S

2018 MARKET REPORT

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City American Canyon

Average $1,235,000

Median $1,235,000

High Sale

Price/SF

$1,235,000

$353

# of Sales 1

DOM 85

Benicia

$751,607

$725,000

$1,602,000

$358

75

41

Dixon

$489,190

$460,500

$1,000,000

$256

68

38

Fairfield

$556,823

$475,500

$11,480,000

$267

336

48

Rio Vista

$386,160

$366,500

$850,000

$242

46

53

Suisun City

$417,238

$412,000

$540,000

$251

76

39

Vacaville

$491,064

$455,000

$2,550,000

$274

304

44

Vallejo

$446,079

$430,000

$829,000

$295

315

42

Winters Solano County

$1,062,500

$810,000

$1,875,000

$534

4

43

$507,335

$455,000

$11,480,000

$280

1225

44

Each office is independently owned and operated.

|

Q3


2018 MARKET REPORT

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2018 MARKET REPORT

Q3

|

Q3

SONOMA COUNTY Y E A R- OV E R-Y E A R C OM PA R I S ON Median Price

Price/SF

# of Sales

DOM

Q3 2017

$625,000

$420

1365

58

Q3 2018

$659,000

$463

1229

54

% Change

5.4%

10.3%

-10.0%

-7.8%

Sonoma

5 Y E A R T R E N D : M E DI A N S A L E PR IC E 4 quarter rolling average 2013

2014

$700K

2015

2016

2017

2018

$659,000

$525K $350K $175K

Ju

l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

$0K

5 Y E A R T R E N D : # OF HOM E S S OL D 4 quarter rolling average 1500 1125

2013

2014

1382

1278 1128

2015

1386

1320 1129

884

794

2016

1397

1285

1197

2017

1365 1296

1350 1107

880

838

2018

1214 1229

1183 879

750 375

Ju l2 01 3 O ct 20 Ja 13 n 20 Ap 14 r2 0 Ju 14 l2 01 4 O ct 20 Ja 14 n 20 Ap 15 r2 0 Ju 15 l2 01 5 O ct 20 Ja 15 n 20 Ap 16 r2 0 Ju 16 l2 01 6 O ct 20 Ja 16 n 20 Ap 17 r2 0 Ju 17 l2 01 7 O ct 20 Ja 17 n 20 Ap 18 r2 0 Ju 18 l2 01 8

0

Each office is independently owned and operated.


S ONOM A C OU N T Y S A L E S

2018 MARKET REPORT

|

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q3 2 018 City Bodega Bay Boyes Hot Springs

Average

Median

High Sale

Price/SF

# of Sales

$1,058,323

$1,061,500

$1,800,000

$528

$370,500

$370,500

$370,500

-

-

-

Calistoga

DOM

13

61

$371

1

343

-

0

-

Camp Meeker

$414,500

$414,500

$460,000

$430

2

43

Cazadero

$427,100

$424,000

$522,300

$532

3

37

Cloverdale

$673,856

$615,000

$1,940,000

$358

31

46

Cotati

$664,569

$649,500

$1,410,000

$426

28

32

Duncans Mills

$502,500

$502,500

$605,000

$714

2

40

$1,600,000

$1,600,000

$1,600,000

$353

1

410

$665,269

$547,500

$3,675,000

$555

26

50

El Verano Forestville Fort Ross Geyserville Glen Ellen

-

-

-

-

0

-

$1,884,500

$1,557,500

$3,950,000

$633

4

174

$772,500

$697,500

$1,200,000

$702

6

224

Graton

$686,250

$667,500

$830,000

$515

4

101

Guerneville

$500,649

$470,000

$1,303,000

$448

37

46

Healdsburg

$1,310,899

$900,000

$5,600,000

$652

57

74

$781,667

$785,000

$910,000

$782

3

50

$2,141,000

$1,550,000

$5,000,000

$820

5

129

$526,250

$508,500

$1,000,000

$494

16

37

Occidental

$1,785,000

$1,785,000

$1,975,000

$622

2

64

Penngrove

Jenner Kenwood Monte Rio

$1,053,222

$1,045,000

$1,300,000

$495

9

62

Petaluma

$862,621

$753,344

$3,900,000

$460

144

43

Rohnert Park

$599,050

$605,000

$825,000

$370

74

37

Santa Rosa

$733,759

$615,000

$5,750,000

$419

489

51

Sebastopol

$1,029,635

$895,000

$2,695,000

$521

60

72

Sonoma

$1,122,373

$880,000

$6,000,000

$609

106

54

The Sea Ranch

$921,950

$859,500

$2,125,000

$498

21

109

Timber Cove

$515,500

$515,500

$616,000

$458

2

121

-

-

-

-

0

-

Valley Ford Windsor

$708,047

$655,000

$1,610,000

$395

83

48

Sonoma County

$818,214

$659,000

$6,000,000

$463

1229

54

Each office is independently owned and operated.

Q3


2018 MARKET REPORT

Learn more at GoldenGateSIR.com EAST BAY OFFICES Berkeley Office

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This report is based on information from BAREIS, SFAR, BayEast, MLSListings, Inc. and CAR. The information included has not been independently verified. Golden Gate Sotheby’s International Realty does not guarantee nor is in any way responsible for its accuracy. Data may not reflect all real estate activity in the market.

Each office is independently owned and operated.

©2018 Golden Gate Sotheby’s International Realty GGSIR2018Q3-1.0

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Q3

Q3 2018 San Francisco Bay Area Market Report  

Third Quarter 2018 Real Estate Market Report for San Francisco Bay Area Real Estate

Q3 2018 San Francisco Bay Area Market Report  

Third Quarter 2018 Real Estate Market Report for San Francisco Bay Area Real Estate