July 2019 San Francisco Bay Area Market Report by Golden Gate Sotheby's International Realty

JULY 2019

MARKET REPORT SAN FRANCISCO BAY AREA

MARKET REPORT

JULY 2019

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

The Golden Gate Sothebyâ&#x20AC;&#x2122;s International Realty statistical report of the regional housing market takes 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 our agents). 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 Multiple Listing Service (MLS) organizations. Written analysis is from the Rosen Consulting Group.

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MARKET REPORT

JULY 2019

The Bay Area Housing Market S A L E S BY C OU N T Y Âˇ SI NG L E FA M I LY HOM E S Median Price County

July 2018

July 2019

Avg. Price per Sq. Foot Change

July 2018

July 2019

Change

Number of Sales July 2018

July 2019

Change

Alameda

$962,500

$951,500

-1.1%

$609

$602

-1.3%

1035

914

-11.7%

Contra Costa

$679,950

$660,000

-2.9%

$412

0.0%

1099

983

-10.6%

Marin

$1,328,000

$1,256,000

-5.4%

$733

$731

-0.2%

204

218

6.9%

Napa

$712,500

$694,500

-2.5%

$511

$456

-10.8%

122

124

1.6%

San Francisco

$1,626,250

$1,600,000

-1.6%

$1,022

$1,038

1.6%

192

206

7.3%

San Mateo

$1,605,000

$1,557,500

-3.0%

$987

$976

-1.2%

400

390

-2.5%

Santa Clara

$1,350,000

$1,298,500

-3.8%

$866

$809

-6.6%

885

904

2.1%

Santa Cruz

$896,500

$894,500

-0.2%

$593

$592

-0.2%

184

154

-16.3%

Solano

$455,000

$465,000

2.2%

$280

$282

1.0%

445

429

-3.6%

Sonoma

$658,000

$655,000

-0.5%

$471

$457

-2.9%

409

431

5.4%

Bay Area

$960,000

$950,000

-1.1%

$616

$609

-1.1%

4,975

4,753

-4.7%

Y E A R- OV ER-Y E A R PR ICE CH A NGES

HIR ING STILL ACTI V E

The regional median home price in July was roughly on par with the year prior, an improvement from the larger year-over-year decline in June. Within Bay Area counties, however, the trend in prices varied. The median home price increased by 2.2% in Solano County, relative to the year prior, and was relatively unchanged in Santa Cruz and Sonoma counties. The median home price declined by between 1.0% and 2.0% in Alameda and San Francisco counties, and by between 2.5% and 3.0% in Napa, Contra Costa, and San Mateo counties. The median home price eased slightly in Marin and Santa Clara counties.

The Bay Area labor market remained historically tight entering the second half of 2019. For the 16th consecutive month, the unemployment rate registered less than 3.0% in June, according to the most recently available data. Employment increased by more than 50,000 during the first six months of the year, slightly ahead of the first half of 2018. On a twelve-month basis, payrolls increased by 93,000 through June, or by 2.3%. Hiring was broad based. Employment in the construction and information services sectors, the latter which includes tech employees, increased by 6.0% and 6.7%, respectively. Employment growth also approached or

Each office is independently owned and operated.

MARKET REPORT

exceeded 3.0% in the large professional and business services and educational and health services sectors. Combined job creation in these sectors totaled more than 40,000 between June 2018 and June 2019. Employment in each of the leisure and hospitality, financial activities, and manufacturing sectors also expanded by roughly 2.0%, while employment contracted in just the trade and other services sectors, reﬂecting the diﬃculty of hiring.

SUSTA INED SUMMER SA LES The Bay Area housing market showed signs of positive momentum in July, even if some metrics were softer compared to last year. Home sales, which typically slow during the summer months of each year relative to the spring, increased from June to July. Stronger sales in San Francisco, Santa Clara, Solano and Sonoma counties drove the month-over-month increase. Compared to last year, home sales

were up in half of Bay Area counties in July, as compared with a positive year-over-year trend in just Napa County in June. Aﬀordability constraints continued to limit the scope for price growth, however. The median home price measured ﬂat to slightly down in most Bay Area counties.

UPWA R D TR END IN SE A RCHES Momentum towards future home sales also increased in June and July. Online search intensity for Realtors in the Bay Area, as measured by Google Trends, hit the highest June peak in at least five years. The tight historical link between online search volume for the term “realtor” and home sales suggests that a closed sale usually follows the search for a realtor by around seven weeks. Increased search volume in June and July does not guarantee increased listings and transactions in coming months, but recent trends suggest that

Bay Area “Realtor” Searches Suggest Sales Momentum Entering August Bay Area Home Sales

Google Search Intensity for “realtor” term

9/1/19 9/22/19

7/7/19

8/4/19

6/9/19

5/12/19

4/14/19

2/17/19

3/17/19

1/20/19

11/25/18

12/23/18

10/28/18

9/2/18

9/30/18

7/8/18

8/5/18

5/13/18

6/10/18

4/15/18

3/18/18

1/21/18

2/18/18

11/26/17

12/24/17

10/29/17

9/3/17

55 10/1/17

1,800 7/9/17

8/6/17

2,800

6/11/17

5/14/17

3,800

3/19/17

4/16/17

4,800

1/22/17

2/19/17

5,800

Notes: Sales measured as a 4-week trailing sum; searches measured as a 4-week trailing average. Google search intensity led home sales by an average of 7 weeks; Google curve is shifted 7 weeks to reflect the historical lead time. Sources: MLS, Google Trends, RCG

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JULY 2019

MARKET REPORT

oﬀ-peak sales could persist closer to peak sales than usual.

M A R K ET UNCERTA INT Y Recent events, however, could impact home buyer sentiment through increased economic uncertainty. The sudden escalation of the trade war with China resulted in a stock market selloff to open August, the latest sell-off in the past year to be precipitated by an escalation in trade rhetoric and proposed tariffs. Beyond equity prices, these surprise announcements have contributed to lower consumer confidence and homebuyer sentiment. Bay Area home buying activity, for example, showed signs of rising momentum in May, but that momentum all but dissipated in June in the wake of surprise tariff threats, among other things. While there is no direct link between global tariffs or the stock market and home sales, the impact of heightened uncertainty on the trajectory of the economy has contributed to the wait-andsee approach among homebuyers throughout the country. The most recent announcement of tariffs on all remaining Chinese imports,

JULY 2019

scheduled to take eﬀect September 1, could potentially stall the otherwise rising housing market momentum.

SUPPLY A N ONG OING ISSUE Ultimately, the limited supply of inventory available for sale in the Bay Area and aﬀordability constraints will remain the largest obstacle to stronger home buying activity in the remainder of the year. Listings entering August continued to equate to less than three months of monthly sales volume, on par with local inventory levels throughout the last seven years. We anticipate that the inventory available for sale will remain tight and that bidding on available homes will support prices in the near future. Buyers should also continue to get a boost from lower mortgage rates. A resolution to the trade war would bring much needed clarity to the trajectory of the national economy and support greater confidence among homebuyers, but is much harder to count on.

About Golden Gate Sotheby’s International Realty Golden Gate Sotheby’s International Realty has over 500 agents in 23 offices throughout the San Francisco Bay Area serving the counties of Alameda, Contra Costa, Marin, Napa, San Mateo, Santa Clara, Santa Cruz, Solano, Sonoma, and San Francisco.

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.

Each oﬃce is independently owned and operated.

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MARKET MARKETREPORT REPORT ||

$1,800K 2016

260

195 202

130 2017

2016

226

191 178 2018

2017

206 199 203 218

173

105 110

Each oï¬&#x192;ce is independently owned and operated. 229 209 212 233 245 2018

176 148 95 106 249

199 190 230 244 214

146 2019

192 190 226

152 167

JULY 2019

SAN FRANCISCO SINGLE FAMILY M A R K ET TR ENDS

Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

SF SFH 3 Y E A R T R E N D : M E DI A N S A L E PR IC E 6 month rolling average

2019

$1,350K $1,600,000

$900K

$450K

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D 6 month rolling average

235 178 206

106

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

MARKET REPORT

JULY 2019

S A L E S BY DI S T R IC T · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City

Average

District 1

$2,947,627

Median

High Sale

Price/SF

# of Sales

$1,958,000

$18,000,000

$1,135

DOM 45

District 2

$1,489,698

$1,403,500

$2,488,000

$1,000

District 3

$1,302,294

$1,305,000

$1,725,000

$973

District 4

$1,993,526

$1,772,500

$3,330,000

$993

District 5

$2,799,610

$2,332,500

$8,700,000

$1,281

District 6

$2,735,000

$2,275,000

$4,130,000

$967

District 7

$7,535,000

$8,250,000

$1,371

District 8

$3,600,000

District 9

$1,779,771

$1,700,000

$3,000,000

$1,114

District 10

$1,038,652

$1,022,500

$1,620,000

$806

San Francisco

$1,967,250

$1,600,000

$18,000,000

$1,038

206

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

Each office is independently owned and operated.

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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Ju l

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MARKET MARKET REPORT REPORT|

$1,400K

400 2016

300 249 259

200 2017

2016

234 235 262 237 2018

2017 2018

284 320

232 271

149 157

100

Each oï¬&#x192;ce is independently owned and operated. 309

237 217 173 276 288 294

248 202

147 311 295 272 257 290

182 250 249

176

JANUARY | JULY 2019

SAN FRANCISCO CONDOS

M A R K ET TR ENDS

Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for condos/townhomes only.

SF Condos 3 Y E A R T R E N D : M E DI A N S A L E PR IC E 6 month rolling average

2019

$1,050K $1,225,000

$700K

$350K

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D 6 month rolling average

2019

316 336 248 233

109 154

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

MARKET REPORT

JULY 2019

S A L E S BY DI S T R IC T · C ON D O S · J U LY 2 01 9 City

Average

Median

High Sale

Price/SF

# of Sales

DOM

District 1

$1,500,357

$1,405,000

$2,295,000

$994

District 2

$1,383,333

$1,250,000

$1,800,000

$1,101

District 3

$895,000

$877

District 4

$689,000

$830

District 5

$1,547,295

$1,502,500

$3,275,000

$1,233

District 6

$1,337,354

$1,287,500

$2,405,000

$1,104

District 7

$1,575,150

$1,432,000

$3,750,000

$1,252

District 8

$1,066,627

$942,500

$2,600,000

$1,132

District 9

$1,349,634

$1,252,500

$3,750,000

$1,257

$812,400

$842,500

$1,100,000

$658

$1,323,308

$1,225,000

$3,750,000

$1,163

233

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

DI S T R IC T 5

Each office is independently owned and operated.

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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MARKET MARKETREPORT REPORT ||

$1,100K

1200

900

600 2016

956 2017

2016

996 958 894 899 785 2018

2017

976 1106

808 798

507 486

Each oï¬&#x192;ce is independently owned and operated. 2018

1057 998 936 873 845 762 808

478 500 884 1106 1035 1018 950 910

700 791 593 467

JULY 2019

ALAMEDA COUNTY

M A R K ET TR ENDS

Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

3 Y E A R T R E N D : M E DI A N S A L E PR Alameda IC E 6 month rolling average

2019

$825K $951,500

$550K

$275K

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D

2019

6 month rolling average

907 1043 949 914

734

509

300

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City Alameda

Average

Median

$1,231,246

High Sale

$1,220,000

Price/SF

$2,518,000

# of Sales

$692

DOM 17

Albany

$1,162,082

$1,097,500

$1,875,000

$794

Berkeley

$1,535,532

$1,425,000

$3,899,999

$888

Castro Valley

$966,668

$920,000

$2,020,000

$518

Dublin

$1,090,400

$1,065,000

$1,775,000

$495

Emeryville

$1,200,000

$767

Fremont

$1,210,290

$1,145,000

$2,600,000

$718

Hayward

$793,633

$720,500

$1,968,000

$484

Livermore

$980,829

$835,000

$3,688,888

$481

Newark

$989,000

$982,500

$1,585,000

$584

Oakland Piedmont Pleasanton

$988,481

$855,000

$2,800,000

$611

249

$2,983,333

$2,337,500

$6,625,000

$852

$1,347,767

$1,260,000

$2,400,000

$578

San Leandro

$762,218

$726,000

$1,220,000

$511

San Lorenzo

$673,660

$680,888

$822,600

$521

Sunol Union City Alameda County

$902,023

$866,000

$1,398,000

$533

$1,062,630

$951,500

$6,625,000

$602

914

Each office is independently owned and operated.

MARKET MARKET MARKET REPORT REPORT REPORT | JANUARY || JULY 2019

CONTRA COSTA COUNTY M A R K ET TR ENDS Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

3 Y E A R T R E N D : M E DI A N S A L E PRContra IC E Costa 6 month rolling average $700K

2016

2017

2018

2019

$660,000

$525K $350K $175K

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$0K

3 Y E A R T R E N D : # OF HOM E S S OL D 6 month rolling average 1300 975

2017

2016

1083 1010 992

1253 1061

903 936 861

911 884 639

650

526

2018

1161

1021

980 974

906

2019

1116 1138 1099 1042 939 912

812

790 572 575

864

1186 886

800

983 983

764 632 456 474

325

Ju l

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Each oï¬&#x192;ce is independently owned and operated.

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City Alamo

Average

Median

High Sale

$2,044,679

$1,935,000

Price/SF

# of Sales

DOM

$4,350,000

$542

Antioch

$486,308

$482,000

$740,000

$262

116

Bay Point

$462,083

$447,500

$692,500

$315

Bethel Island

$480,000

$258

$630,144

$609,500

$1,099,900

$267

Brentwood Byron Clayton

$928,000

$909,000

$1,260,000

$391

Concord

$670,688

$640,000

$1,340,000

$431

115

Crockett

$574,000

$615,000

$409

Danville

$1,528,893

$1,375,000

$3,688,000

$521

Diablo

$1,871,667

$1,660,000

$2,380,000

$572

Discovery Bay

$642,835

$592,500

$1,670,000

$263

El Cerrito

$968,647

$925,000

$1,900,000

$624

El Sobrante

$627,769

$620,000

$975,000

$403

Hercules

$711,764

$720,000

$930,000

$352

Kensington

$1,188,750

$1,177,500

$1,275,000

$783

Knightsen

$770,000

$531

Lafayette

$1,774,339

$1,662,500

$3,500,000

$610

$764,997

$637,500

$2,408,000

$434

$1,452,308

$1,415,000

$1,900,000

$624

Martinez Moraga Oakley

$563,774

$510,000

$2,400,000

$283

Orinda

$1,726,240

$1,662,500

$2,636,246

$651

Pacheco Pinole

$510,000

$394

$631,412

$595,000

$850,000

$413

Pittsburg

$475,730

$457,500

$745,000

$303

Pleasant Hill

$858,479

$782,500

$1,960,000

$496

$613,783

$575,000

$1,350,000

$462

$593,600

$595,000

$630,000

$404

Port Costa Richmond Rodeo San Pablo

$518,500

$515,000

$738,000

$410

San Ramon

$1,218,449

$1,172,500

$2,410,000

$505

Walnut Creek

$1,255,343

$1,227,650

$2,850,000

$544

$851,180

$660,000

$4,350,000

$412

983

Contra Costa County

Each office is independently owned and operated.

Ju l2 Au 016 g 2 Se 01 p 6 2 O 016 ct 2 N 01 ov 6 2 De 01 c 6 2 Ja 016 n 2 Fe 017 b 2 M 017 ar 20 Ap 1 r2 7 M 01 ay 7 2 Ju 01 n 7 20 Ju 17 l2 Au 017 g 2 Se 01 p 7 20 O ct 17 2 N 017 ov 2 De 01 c 7 2 Ja 01 n 7 20 Fe 18 b 2 M 01 ar 8 20 Ap 1 r2 8 M 01 ay 8 2 Ju 01 n 8 20 Ju 18 l2 Au 018 g 2 Se 01 p 8 2 O 018 ct 2 N 01 ov 8 2 De 01 c 8 2 Ja 018 n 20 Fe 19 b 2 M 01 ar 9 20 Ap 1 r2 9 M 01 ay 9 2 Ju 01 n 9 20 Ju 19 l2 01 9

MARKET MARKET MARKET REPORT REPORT REPORT | JANUARY || JULY 2019

MARIN COUNTY

M A R K ET TR ENDS

Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

3 Y E A R T R E N D : M E DI A N S A L E PR Marin IC E 6 month rolling average

$1,500K

280

210

140 2016 2017

2016

204 176 147 158 139 2018

2017

216 229 251

154

94 87

Each oï¬&#x192;ce is independently owned and operated. 261 230 2019

$1,125K $1,256,000

$750K

$375K

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D

2018

219 226

195 190 182 150 171

94 91 253 246 2019

6 month rolling average

204 218 212 220

159 119 87 262

185 234 218

151

104

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City

Average

Belvedere

Median

High Sale

Price/SF

Bolinas

$1,765,000

Corte Madera

$1,301,875

$1,287,500

$1,570,000

$791

Fairfax

DOM

Dillon Beach

# of Sales

$695,000

$837

$1,174,536

$1,005,822

$2,500,000

$683

Forest Knolls Greenbrae

$1,503,100

$1,533,000

$2,257,500

$718

Inverness

$1,665,000

$1,295,000

$2,700,000

$1,013

Kentfield

$2,409,500

$2,000,000

$3,991,500

$900

Lagunitas

$1,213,388

$1,375,000

$528

Larkspur

$2,500,000

$2,535,000

$4,500,000

$966

Marshall

$2,003,279

$1,622,000

$6,250,000

$942

Muir Beach

Nicasio

Novato

$1,103,936

$999,000

$2,260,000

$489

Mill Valley

Olema Pt. Reyes Station

Ross

$5,740,833

$5,100,000

$10,500,000

$1,122

San Anselmo

$1,236,575

$1,137,500

$2,025,500

$772

San Geronimo San Rafael Sausalito

$1,258,018

$1,174,000

$2,695,000

$635

$1,758,833

$1,602,500

$3,300,000

$964

$2,900,000

$2,289

Tiburon

$3,019,025

$2,864,100

$5,500,000

$1,081

Tomales

$925,000

$957,000

$1,200,000

$561

$1,598,980

$1,256,000

$10,500,000

$731

218

Stinson Beach

Woodacre Marin County

Each office is independently owned and operated.

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Ju l2 Au 01 g 6 Se 201 p 6 2 O 01 ct 6 2 N 01 ov 6 2 De 01 c 6 2 Ja 01 n 6 2 Fe 01 b 7 2 M 01 ar 7 20 Ap 1 r 7 M 201 ay 7 Ju 201 n 7 2 Ju 017 l2 Au 01 g 7 Se 201 p 7 2 O 01 ct 7 2 N 01 ov 7 2 De 01 c 7 2 Ja 01 n 7 20 Fe 1 b 8 2 M 01 ar 8 20 Ap 1 r 8 M 201 ay 8 Ju 201 n 8 2 Ju 018 l2 Au 01 g 8 Se 201 p 8 2 O 01 ct 8 20 N ov 18 De 201 c 8 2 Ja 01 n 8 20 Fe 1 b 9 2 M 01 ar 9 20 Ap 1 r 9 M 201 ay 9 Ju 201 n 9 2 Ju 019 l2 01 9

MARKET MARKETREPORT REPORT ||

$800K

150

113

75 2016 2017

2016

142 112 116 109 2018

133 2017

125

96 128

80 62

Each oï¬&#x192;ce is independently owned and operated. 136 2018

112 116 114

96 83 100 105 84 78 92 102 111 107 122 127 115

95 96

JULY 2019

NAPA COUNTY

M A R K ET TR ENDS

Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

3 Y E A R T R E N D : M E DI A N S A L E PRNapa IC E

2019

6 month rolling average

$600K $694,500

$400K

$200K

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D 6 month rolling average

2019

119 123 124

80 96

67 67

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City

Average

Median

High Sale

Price/SF

American Canyon

$545,595

$575,000

$789,000

Angwin

$972,500

Calistoga

$710,000

Napa

# of Sales

DOM

$254

$972,500

$271

$710,000

$670

$882,617

$692,000

$3,600,000

$468

Pope Valley

Rutherford

St. Helena

$1,354,000

$1,007,500

$2,850,000

$765

Yountville

$1,012,500

$1,150,000

$638

222

$864,983

$694,500

$3,600,000

$456

124

Napa County

Each office is independently owned and operated.

MARKET MARKET MARKET REPORT REPORT REPORT | JANUARY || JULY 2019

SAN MATEO COUNTY M A R K ET TR ENDS Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

3 Y E A R T R E N D : M E DI A N S A L E PR San IC EMateo 6 month rolling average 2016

$1,800K

2017

2018

2019

$1,557,500 $1,350K $900K $450K

Ju l2 Au 01 g 6 Se 201 p 6 2 O 01 ct 6 2 N 01 ov 6 2 De 01 c 6 2 Ja 01 n 6 2 Fe 01 b 7 2 M 01 ar 7 20 Ap 1 r 7 M 201 ay 7 Ju 201 n 7 2 Ju 017 l2 Au 01 g 7 Se 201 p 7 2 O 01 ct 7 2 N 01 ov 7 De 201 c 7 2 Ja 01 n 7 2 Fe 01 b 8 2 M 01 ar 8 20 Ap 1 r 8 M 201 ay 8 Ju 201 n 8 2 Ju 018 l2 Au 01 g 8 Se 201 p 8 2 O 01 ct 8 2 N 01 ov 8 2 De 01 c 8 2 Ja 01 n 8 20 Fe 1 b 9 2 M 01 ar 9 20 Ap 1 r 9 M 201 ay 9 Ju 201 n 9 2 Ju 019 l2 01 9

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D 6 month rolling average 2017

2016

600 450

388

417

452 367

392 375

338 350

316

300

2018

191 200

2019

501

463 365

392 372 397 395

354 353

330 177

227

438

442

400 381 313

387

339

425

392 390

315 254 190

214

150

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Each oï¬&#x192;ce is independently owned and operated.

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City Atherton

Average

Median

$4,735,500

High Sale

Price/SF

# of Sales

$4,350,000

$7,900,000

$1,694

DOM 22

Belmont

$1,785,175

$1,732,500

$2,600,000

$1,004

Brisbane

$1,725,000

$1,750,000

$720

Burlingame

$2,663,312

$2,425,000

$4,025,000

$1,183

Colma

$1,110,000

$820

Daly City

$1,139,400

$1,165,000

$1,375,000

$767

East Palo Alto

$1,086,100

$1,032,500

$1,625,000

$825

El Granada

$1,250,000

$1,200,000

$1,350,000

$602

Foster City

$1,930,708

$1,925,000

$2,375,000

$882

Half Moon Bay

$1,337,875

$1,280,000

$1,675,000

$679

Hillsborough

$5,025,488

$4,745,000

$7,788,888

$1,188

La Honda

$799,500

$900,000

$527

Loma Mar

Menlo Park

$2,584,734

$2,060,000

$7,100,000

$1,246

Millbrae

$2,036,455

$1,850,000

$3,650,000

$953

Montara

$1,443,750

$1,237,500

$2,200,000

$860

Moss Beach

$1,615,500

$1,225,000

$3,695,000

$663

$1,186,714

$1,163,500

$1,650,000

$770

$541,000

$670,000

$510

254

$5,197,500

$2,495,000

$13,750,000

$1,504

Pacifica Pescadero Portola Valley Redwood City

$1,824,532

$1,685,000

$3,625,000

$1,046

Redwood Shores

$2,067,500

$1,880,000

$2,450,000

$1,038

San Bruno

$1,230,867

$1,273,000

$1,630,000

$824

San Carlos

$2,189,258

$1,910,000

$3,890,000

$1,115

San Gregorio

San Mateo

$1,716,715

$1,545,000

$4,650,000

$993

South San Francisco

$1,150,174

$1,130,000

$1,560,000

$873

Woodside

$6,916,667

$2,350,000

$16,750,000

$906

175

San Mateo County

$1,906,719

$1,557,500

$16,750,000

$976

390

Each office is independently owned and operated.

MARKET MARKETREPORT REPORT ||

JULY 2019

SANTA CLARA COUNTY M A R K ET TR ENDS Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

3 Y E A R T R E N D : M E DI A N S A L E PR Santa IC E Clara 6 month rolling average $1,500K

2016

2017

2018

2019

$1,298,500 $1,125K $750K $375K

Ju l2 Au 01 g 6 Se 201 p 6 2 O 01 ct 6 2 N 01 ov 6 2 De 01 c 6 2 Ja 01 n 6 2 Fe 01 b 7 2 M 01 ar 7 2 Ap 01 r 7 M 201 ay 7 Ju 201 n 7 2 Ju 017 l2 Au 01 g 7 Se 201 p 7 2 O 01 ct 7 2 N 01 ov 7 2 De 01 c 7 2 Ja 01 n 7 20 Fe 1 b 8 2 M 01 ar 8 20 Ap 1 r 8 M 201 ay 8 Ju 201 n 8 2 Ju 018 l2 Au 01 g 8 Se 201 p 8 2 O 01 ct 8 2 N 01 ov 8 2 De 01 c 8 2 Ja 01 n 8 20 Fe 1 b 9 2 M 01 ar 9 2 Ap 01 r 9 M 201 ay 9 Ju 201 n 9 2 Ju 019 l2 01 9

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D 6 month rolling average 2017

2016

1300

1131 923 925 948 937 898

975

842

752

650

889

496 534

2018

1238 10691046 963

2019

1114 901

833

897

978

1035 953 885 743

734 471

571

835

789

745 581

1034 892 882 904

444 493

325

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Each oï¬&#x192;ce is independently owned and operated.

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City

Average

Alviso

Median -

High Sale -

Price/SF -

# of Sales -

DOM

Campbell

$1,495,105

$1,455,000

$2,395,000

$866

Cupertino

$2,182,788

$2,100,000

$3,025,000

$1,139

Gilroy

$896,841

$765,000

$2,495,000

$413

Los Altos

$3,336,081

$3,250,000

$5,705,000

$1,362

Los Altos Hills

$3,883,929

$3,725,000

$6,400,000

$1,446

Los Gatos

$2,170,680

$2,185,000

$4,188,500

$947

Milpitas

$1,185,964

$1,155,000

$2,020,000

$659

Monte Sereno

$3,441,667

$3,500,000

$4,100,000

$1,303

$1,195,745

$1,100,000

$2,600,000

$446

Morgan Hill Mountain View

$2,149,938

$2,111,500

$3,150,000

$1,362

Palo Alto

$4,001,685

$3,160,000

$11,080,000

$1,528

San Jose

$1,223,900

$1,127,500

$3,600,000

$698

466

San Martin

$1,748,175

$2,225,000

$471

Santa Clara

$1,400,056

$1,360,500

$2,160,000

$922

Saratoga

$2,899,919

$2,575,000

$7,785,000

$1,067

Stanford

$2,000,000

$1,057

Sunnyvale

$1,600,000

$1,535,000

$2,965,000

$1,078

Santa Clara County

$1,572,567

$1,298,500

$11,080,000

$809

904

Each office is independently owned and operated.

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MARKET MARKETREPORT REPORT ||

$1,000K 2016

220 2016

165 148

110 2017

201 166 139 129 2018

2017

203

148 174 179

118 138 136

97 112

Each oï¬&#x192;ce is independently owned and operated. 187 186 2018

143 171 169

116 133

91 183 176 184 190 180

134 138 145 148

113 75

JULY 2019

SANTA CRUZ COUNTY

M A R K ET TR ENDS

Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

Santa 3 Y E A R T R E N D : M E DI A N S A L E PR IC E Cruz 6 month rolling average

2019

$750K $894,500

$500K

$250K

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D 6 month rolling average

2019

164

122 154

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City Aptos

Average $954,940

Median

High Sale

$855,000

$1,800,000

Price/SF $597

# of Sales 25

DOM 51

Ben Lomond

$761,667

$815,000

$1,075,000

$528

Boulder Creek

$663,231

$675,000

$813,000

$456

Brookdale

$835,667

$660,000

$1,239,000

$477

Capitola

$2,327,000

$1,219,500

$6,150,000

$805

Corralitos

$1,029,000

$453

Davenport

$949,000

$969

Felton

$610,250

$677,500

$860,000

$428

Freedom

$705,000

$463

La Selva Beach

$2,200,000

$3,400,000

$900

Los Gatos

$1,325,000

$1,510,000

$439

$690,000

$531

$1,304,245

$1,094,500

$5,495,000

$720

Mount Hermon Santa Cruz Scotts Valley Soquel Watsonville Santa Cruz County

$1,133,925

$1,210,000

$1,445,000

$490

$2,005,833

$1,292,500

$4,250,000

$782

$657,911

$682,000

$1,040,000

$391

$1,098,266

$894,500

$6,150,000

$592

154

Each office is independently owned and operated.

Ju l2 Au 016 g 2 Se 01 p 6 2 O 016 ct 20 N ov 16 2 De 01 c 6 2 Ja 016 n 2 Fe 017 b 2 M 017 ar 2 Ap 01 r2 7 M 01 ay 7 2 Ju 01 n 7 20 Ju 17 l2 Au 017 g 2 Se 01 p 7 2 O 017 ct 20 N ov 17 2 De 01 c 7 2 Ja 01 n 7 20 Fe 18 b 2 M 01 ar 8 2 Ap 01 r2 8 M 01 ay 8 2 Ju 01 n 8 20 Ju 18 l2 Au 018 g 2 Se 01 p 8 2 O 018 ct 2 N 01 ov 8 20 De 1 c 8 2 Ja 018 n 2 Fe 019 b 2 M 01 ar 9 20 Ap 1 r2 9 M 01 ay 9 2 Ju 01 n 9 20 Ju 19 l2 01 9

Ju l2 Au 01 g 6 Se 201 p 6 2 O 01 ct 6 2 N 01 ov 6 2 De 01 c 6 2 Ja 01 n 6 2 Fe 01 b 7 2 M 01 ar 7 20 Ap 1 r 7 M 201 ay 7 Ju 201 n 7 2 Ju 017 l2 Au 01 g 7 Se 201 p 7 2 O 01 ct 7 2 N 01 ov 7 2 De 01 c 7 2 Ja 01 n 7 20 Fe 1 b 8 2 M 01 ar 8 20 Ap 1 r 8 M 201 ay 8 Ju 201 n 8 2 Ju 018 l2 Au 01 g 8 Se 201 p 8 2 O 01 ct 8 2 N 01 ov 8 2 De 01 c 8 2 Ja 01 n 8 20 Fe 1 b 9 2 M 01 ar 9 20 Ap 1 r 9 M 201 ay 9 Ju 201 n 9 2 Ju 019 l2 01 9

MARKET MARKETREPORT REPORT ||

$480K

600

450

300 2016

470 2017

2016

466 448 441 407 2018

2017

525 407 423 467

306 302

Each oï¬&#x192;ce is independently owned and operated. 508 445 442 2019

2018

464 374 391 398 412

284 318 458 453 445 463 341 364 340 353

286 225 390 462

JULY 2019

SOLANO COUNTY

M A R K ET TR ENDS

Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

3 Y E A R T R E N D : M E DI A N S A L E PRSolano IC E 6 month rolling average

$465,000

$360K

$240K

$120K

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D

2019

6 month rolling average

520 412 429

249

150

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City Benicia

Average $737,479

Median $695,000

High Sale

Price/SF

$1,275,000

$349

# of Sales 38

DOM 59

Dixon

$481,561

$447,000

$875,000

$260

Fairfield

$523,686

$494,000

$1,150,000

$263

121

Rio Vista

$375,270

$362,500

$482,000

$243

Suisun City

$412,584

$408,000

$521,000

$266

Vacaville

$486,369

$469,000

$875,000

$279

109

Vallejo

$450,847

$439,100

$760,000

$302

Winters

$544,750

$719,500

$441

Solano County

$501,778

$465,000

$1,275,000

$282

429

Each office is independently owned and operated.

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Ju l2 Au 01 g 6 Se 201 p 6 2 O 01 ct 6 2 N 01 ov 6 2 De 01 c 6 2 Ja 01 n 6 2 Fe 01 b 7 2 M 01 ar 7 20 Ap 1 r 7 M 201 ay 7 Ju 201 n 7 2 Ju 017 l2 Au 01 g 7 Se 201 p 7 2 O 01 ct 7 2 N 01 ov 7 2 De 01 c 7 2 Ja 01 n 7 20 Fe 1 b 8 2 M 01 ar 8 2 Ap 01 r 8 M 201 ay 8 Ju 201 n 8 2 Ju 018 l2 Au 01 g 8 Se 201 p 8 2 O 01 ct 8 2 N 01 ov 8 2 De 01 c 8 2 Ja 01 n 8 20 Fe 1 b 9 2 M 01 ar 9 20 Ap 1 r 9 M 201 ay 9 Ju 201 n 9 2 Ju 019 l2 01 9

MARKET MARKET REPORT REPORT|

$800K 2016

600

450 458 468

300 2017

2016

424 396 403 308 2018

2017

518

429

361 351

233 248

Each oï¬&#x192;ce is independently owned and operated. 517 2018

417 429 373 467 362 361 368

267 266 424 421 409 478 345 330 277 234 223

JANUARY | JULY 2019

SONOMA COUNTY

M A R K ET TR ENDS

Graphs show trends in median sale price and number of homes sold over the past three years, including a 6-month rolling average trend line. Data is for single family homes only.

3 Y E A R T R E N D : M E DI A N S A L E PRSonoma IC E 6 month rolling average

2019

$600K $655,000

$400K

$200K

$0K

3 Y E A R T R E N D : # OF HOM E S S OL D 6 month rolling average

2019

444 456

355 420 431

268

150

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

MARKET REPORT

JULY 2019

S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · J U LY 2 01 9 City

Average

Annapolis Asti

High Sale

Price/SF

# of Sales

$705,420

Bodega Bodega Bay

Median

DOM

$445

$893,667

$940,000

$1,325,000

$532

Boyes Hot Springs

Calistoga

Camp Meeker

$240,000

$436

Cazadero

$480,000

$486,000

$595,000

$511

Cloverdale

$606,091

$530,000

$1,380,000

$347

Cotati

$822,571

$699,000

$1,250,000

$449

Duncan Mills Forestville

$520,495

$503,500

$820,000

$441

Fulton Geyserville Glen Ellen

$1,436,667

$1,400,000

$2,345,000

$649

Graton

$825,000

$893

Guerneville

$508,108

$445,000

$1,150,000

$440

Healdsburg

$1,196,902

$887,500

$3,538,667

$606

113

Jenner

$335,000

$609

350

Kentwood

$673,833

$710,000

$829,000

$616

Monte Rio

$509,000

$450,000

$747,000

$354

Occidental

$575,000

$757

Penngrove

$1,028,500

$995,000

$1,285,000

$450

$844,115

$765,000

$2,350,000

$458

Petaluma Rohnert Park

$591,279

$581,750

$775,000

$364

Santa Rosa

$730,295

$600,000

$8,650,000

$413

167

Sebastopol

$1,238,798

$1,045,000

$3,550,000

$617

Sonoma

$1,095,594

$777,000

$3,787,000

$631

$790,919

$757,500

$1,145,000

$504

$650,000

299

$757,265

$682,500

$2,345,000

$375

$802,166

$655,000

$8,650,000

$457

431

The Sea Ranch Timber Cove Windsor Sonoma County

Each office is independently owned and operated.

Learn more at GoldenGateSIR.com EAST BAY OFFICES Berkeley Office

Oakland-Piedmont-Montclair

Danville Office

510.542.2600

510.339.4000

925.838.9700

North Berkeley Office

Lafayette Office

Danville Hartz Office

510.542.2600

925.283.7866

925.838.9700

NAPA VALLEY OFFICES Napa Downtown

Napa

707.690.9500

707.255.0845

NORTH BAY OFFICES Belvedere - Tiburon Office

Novato Office

Sausalito Office

415.435.0700

415.883.2900

415.331.9000

Drakes Landing Office

Ross Valley Office

Southern Marin Office

415.464.9300

415.461.7200

415.381.7300

Mill Valley Office

San Rafael Office

Stinson Beach Office

415.380.4300

415.456.1200

415.868.9200

SILICON VALLEY OFFICES Menlo Park Offices

Palo Alto Office

Woodside Office

650.847.1141

650.644.3474

650.851.6600

Los Altos Office

Los Gatos Office

650.941.4300

408.358.2800

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 July not reflect all real estate activity in the market. ©2019 Golden Gate Sotheby’s International Realty GGSIR2019July-1.0