Q2 2020
MARKET REPORT SAN FRANCISCO BAY AREA
MARKET REPORT
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Q2 2020
MARKET REPORT
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Q2 2020
The Bay Area Housing Market Welcome to our Q2 Market Report for the San Francisco Bay Area. We begin with a broader look at the impact of the coronavirus and COVID-19 on our regional economy, 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. THE BAY AREA ECONOMY The regional economy has begun the diďŹƒcult road to recovery with some businesses allowed to reopen in recent weeks. While June employment data will not be available for several weeks, anecdotal evidence indicates a modestly stronger rehire rate than expected. However, the risk of a return to more stringent shelter-in-place orders and business restrictions has grown due to increased testing and subsequent rise in reported cases. The temporary pause in reopening the economy instituted at the beginning of July may slow the rehire rate if businesses are unable to remain solvent. Barring a second economic shutdown, the economic
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recovery should proceed at a sluggish pace through the remainder of the year.
GOVERNMENT RESPONSES TO PANDEMIC SUPPORT ECONOMY The local, state and federal response to the pandemic and economic shutdown has been unprecedented in size and scope. The business and household loans and payments have helped support firms and individuals throughout the shutdown; however, these programs are coming to an end. Without additional fiscal policy measures, the recession could be prolonged. The Federal Reserve continues to maintain an accommodative monetary policy, essentially
MARKET REPORT
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Q2 2020
pumping trillions of dollars into the national economy. Recent statements from the Fed have indicated a continuation of this policy throughout the pandemic and that it will use all tools available to prop up the economy. This includes maintaining a near-zero interest rate environment, which will in turn keep mortgage rates at historical lows.
UNEMPLOYMENT STILL A FACTOR While initial unemployment claims fell from the surge at the onset of the economic shutdown, initial claims remain elevated and much greater than during the Great Recession. Reflecting the ongoing business restrictions, continuing unemployment claims have not decreased by much since the onset of the recession. Even as the regional economy reopens, many businesses will shutter permanently, leading to continued elevated unemployment. Additionally, as the additional federal unemployment benefits end in the coming months, household finances will be stressed further. The Bay Area unemployment rate decreased slightly to 12.7% in May from a peak of 13.3% in April. In aggregate, roughly 530,000 people remain unemployed throughout the region. The number of individuals effectively unemployed is likely greater, with many workers ineligible for unemployment benefits and others on temporary furloughs. While the unprecedented amount of state and federal unemployment benefits have helped many households, some programs are approaching an end which may lead to deeper declines in economic activity throughout the region.
JOB LOSSES ACROSS INDUSTRIES By May, the latest data available, regional payrolls had declined by approximately 14%
from earlier this year. For perspective, the Bay Area employment level is now on par with 2014, meaning that in two months of the economic shutdown nearly six years of job creation were erased. While the bulk of job losses were in service-related industries, including retail trade, restaurants, hotels and entertainment-related workers, all employment sectors shed jobs in recent months. Additionally, job losses in the government and educational and healthcare sectors will continue as local and state governments as well as healthcare providers deal with the cost surge from the pandemic. Although many businesses operated with employees working from home, the severity of the recession has caused most firms to halt hiring plans or layoff some staff. The tech industry, the growth engine of the Bay Area for the last decade, was not immune to the layoff trend with announced layoffs by start-ups and established tech firms in the Bay Area exceeding 25,000. In addition, tech firms typically employ contractors for a range of positions, and these individuals generally do not count as part of the layoffs even though the contract work may have been terminated.
LONG-TERM IMPACT OF CORONAVIRUS While it is much too early to determine specific trends, there will likely be some longer term implications from the economic shutdowns and spread of COVID-19. Though some migration of households to more affordable regions occurred prior to the onset of the pandemic, thus far most residents leaving the region were temporary moves or due to loss of employment rather than fear of urban areas. Even with more companies allowing working from home for longer periods, early indicators point to a potential
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MARKET REPORT
shift in household preferences to suburban neighborhoods rather than exiting the region. Similarly, some households may shift from urban condos to suburban single family homes.
LOOKING AHEAD Economic activity may be volatile during the next several months even without a second shutdown. The course of the regional economy will mirror the course of COVID-19 and the health and fiscal policy responses to the pandemic. As government stimulus programs end, some share of businesses may close permanently and more households may be unable to afford the high cost of living in the region. A rise in the unemployment rate in the next few months should not be discounted unless there are additional actions to support households, businesses and municipal governments. While the underlying vibrancy and attractiveness of the Bay Area will be unchanged, the economy will be sluggish at best in the near term with the potential for an extended downturn without the appropriate policy measures.
THE HOUSING M A R K ET The regional economy remained sluggish even as positive signs emerged as most counties in the Bay Area began to allow some businesses to reopen. Increased testing and the resulting rise in positive cases may delay the reopening for additional businesses as well as potentially slowing the showing of homes for sale. Within the housing market, positive indicators of activity in June exhibited the recovery from the decline in the initial months of the second quarter. With constraints on transactions compounding economic uncertainty, sales volume fell in the second quarter even as the Bay Area median price reached an all-time high.
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Q2 2020
Q2 Sales Decline YEAR OVER YEAR BY COUNTY
Santa Cruz
-17.9%
Solano
-19.6%
Sonoma
-27.6%
Santa Clara
-31.0%
Total Bay Area
-32.7%
Marin
-33.1%
Contra Costa
-33.9%
San Mateo
-35.0%
Napa
-35.4%
Alameda
-39.4%
San Francisco 0.0%
-43.3% -12.5%
-25.0%
-37.5%
Sources: MLS, RCG
Through the first half of 2020, home sales declined significantly due to the economic shutdown as well as some buyer hesitancy. In June, the reactivation of local economic activity, as well as the closing of some sales with extended escrows, spurred a modest rebound in sales volume. In the second quarter, 9,836 homes sold in the Bay Area, a decline of 32.7% from the same period one year ago. Sales volume decreased from the previous year throughout the region, though counties that reopened earlier or that imposed less severe restrictions on real estate activity exhibited smaller declines. Compared with one year ago, second quarter sales volume
-50.0%
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Q2 2020
S A L E S BY C OU N T Y ¡ SI NG L E FA M I LY HOM E S Median Price
Avg. Price per Sq. Foot
County
2019 Q2
Alameda
$960,000
$997,000
3.9%
$601
Contra Costa
$690,000
$725,000
5.1%
$425
Marin
$1,394,500
$1,450,000
4.0%
$752
$785
Napa
$711,500
$720,000
1.2%
$487
$529
$1,700,000
$1,705,000
0.3%
$1,043
$1,015
-2.7%
San Francisco
2020 Q2
Change
2019 Q2
2020 Q2
Number of Sales
Change
2019 Q2
2020 Q2
Change
$613
2.1%
2899
1757
-39.4%
$432
1.5%
3055
2018
-33.9%
4.4%
716
479
-33.1%
8.5%
339
219
-35.4%
639
362
-43.3%
San Mateo
$1,670,000
$1,687,500
1.0%
$1,023
$1,012
-1.0%
1204
782
-35.0%
Santa Clara
$1,330,000
$1,375,500
3.4%
$853
$860
0.9%
2808
1938
-31.0%
Santa Cruz
$935,000
$905,000
-3.2%
$601
$623
3.6%
457
375
-17.9%
Solano
$445,000
$485,000
9.0%
$279
$284
1.8%
1262
1015
-19.6%
Sonoma
$657,000
$675,000
2.7%
$454
$459
1.1%
1231
891
-27.6%
Bay Area
$975,000
$980,000
0.5%
$629
$629
-0.1%
14610
9836
-32.7%
fell by between 18% and 28% in Santa Cruz, Solano and Sonoma counties. Quarterly sales declined by more than 30% in Alameda, Contra Costa, Marin, Napa, San Mateo and Santa Clara counties. Sales fell the most in San Francisco, down by 43.4%, as some buyers pivoted to neighborhoods with less density. While quarterly sales were much lower than last year, the modest rebound in June from the May trough was a positive sign as available for-sale inventory remained limited.
LOW INVENTORY AFFECTS PRICES With inventory limited, some listings continue to receive multiple bids and sell for greater than asking price. However, the majority of sales in May and June closed at or less than the list price, a large portion within the lower half of the pricing spectrum. On a positive note, the share of homes sold above asking has not fallen to the levels of the second half of 2019 when
buyer fatigue contributed to fewer offers in many neighborhoods. As potential buyers are once again allowed to tour homes and low mortgage rates improve buying power, a greater share of homes may sell above the asking price in the next few months.
HIGH END PUSHES MEDIAN The ongoing economic uncertainty curtailed some entry-level activity but has not impacted the upper-price ranges to the same degree. From a low of 9% earlier in the year, luxury home sales as a share of total home sales increased to 14.8% in June, the highest share in several years. In 2018 and 2019, the luxury home share averaged approximately 10%, and luxury sales activity exceeded this figure in each month since the pandemic began. While the number of sales fell, the Bay Area median price has not followed a similar pattern.
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MARKET REPORT
In part due to more homes selling in the higher price ranges, the regional median price in the second quarter increased slightly from the previous year. The monthly trend underscores this even further as the median price in June was 4.2% higher than May. Notably, the median price for the Bay Area reached $1 million for the first time in history.
PENT UP DEMAND? As potential buyers adjust to the new environment and adapt to virtual touring, some of the pent-up demand from the past few months should be released as more households look to take advantage of the low mortgage rate environment. In recent weeks, mortgage applications increased nationally, a positive sign for the Bay Area as other areas eased economic restrictions earlier and have exhibited a rebound in mortgage activity. In recent years, many existing homeowners tapped home equity loans
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or lines of credit to remodel or renovate rather than move to larger or newer homes. With indications that underwriting standards for this type of credit are tightening, homeowners may shift towards purchase opportunities instead. The historically low mortgage rate will improve affordability or provide greater purchasing power for prospective buyers, potentially pulling more buyers off of the sidelines in the coming months.
About Golden Gate Sotheby’s International Realty Golden Gate Sotheby’s International Realty has over 550 agents in 25 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 to provide objective real estate market and economic advisory services. Today, Dr. Rosen and Randall Sakamoto are the partners and active managers of the firm consisting of 18 advisory professionals. 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.
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Q2 2020
MARKET REPORT
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Q2 2020
Y E A R- OV E R-Y E A R PR IC E C H A NG E S The median home price increased in every county in June compared with one year ago. The regional median price increased by 4.2% in June and reached the million dollar mark for the first time. The largest year-over-year price increases were in Contra Costa and Solano counties, two regions with relatively greater affordability than the inner Bay Area. The median price increased by between 6% and 7% in Marin, San Mateo and Sonoma counties. Home prices increased in the roughly 2% to 4% range in Alameda, Napa, San Francisco and Santa Clara counties. Median price growth was positive but increased by the smallest amount in Santa Cruz County.
Median Sales Price: 2019 Q2 vs. 2020 Q2 $1.8M
San Francisco San Mateo
$1.35M
Marin Santa Clara
$900K
Alameda Santa Cruz
Price per Square Foot: 2019 Q2 vs. 2020 Q2 $1,100 San Francisco San Mateo Santa Clara
$825
Marin Santa Cruz Alameda
$550
Napa Sonoma Contra Costa
Contra Costa Napa Sonoma $450K
$0K 2019 Q2
Solano
2020 Q2
Solano
$275
$0 2019 Q2
2020 Q2
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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 Sotheby’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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Q2 2020
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Q2 2020
SAN FRANCISCO SINGLE FAMILY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly San Franciscodata. County - SFH Last Year This Year
Homes for Sale Last Year vs. This Year 400
2018
Median Sale Price Last Year vs. This Year $1.9M
2019
350
329 JUN 2020
300 250
228
2018
JUN 2020
$1.8M $1.8M
2019
JUN 2019
$1.5M
$1.1M
JUN 2019
200
$0.8M
150 100
$0.4M 50 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 300
2018
2019 2020
$0M
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year 114%
2019
2018
2019
112% 250
JUN 2020
S Sold 200
150
209 204 JUN 2019 190 163
JUN 2020
110%
110%
JUN 2019
108% 106% 104%
103%
102% 100
JUN 2020
100%
Pended
98%
50
96% 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
94%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
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S A N F R A NC I S C O : SI NG L E FA M I LY
MARKET REPORT
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Q2 2020
S A L E S BY DI S T R IC T · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City
Average
District 1
$2,204,708
Median $1,945,000
High Sale
Price/SF
$4,975,000
# of Sales
$913
36
DOM 24
District 2
$1,575,415
$1,510,500
$3,276,000
$954
68
21
District 3
$1,260,519
$1,262,500
$2,250,000
$883
26
22
District 4
$2,004,589
$1,756,000
$4,400,000
$994
55
22
District 5
$2,835,142
$2,700,000
$5,250,000
$1,283
67
26
District 6
$3,119,211
$3,240,000
$4,500,000
$1,139
10
33
District 7
$5,960,208
$4,500,000
$18,000,000
$1,355
13
12
District 8
$4,195,000
$4,195,000
$4,995,000
$1,749
2
107
District 9
$1,992,072
$1,770,000
$4,300,000
$1,047
36
23
District 10
$1,092,611
$1,075,000
$1,720,000
$799
49
40
$2,104,407
$1,705,000
$18,000,000
$1,015
362
26
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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Q2 2020
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JUNE 2019
SAN FRANCISCO CONDOS M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for condo/townhomes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly County data. - Condos San Francisco Last Year This Year
Homes for Sale Last Year vs. This Year 900
2018
Median Sale Price Last Year vs. This Year $1.4M
2019
800
2018
JUN 2019
2019
$1.3M $1.2M
791
JUN 2020
700
$1.1M
JUN 2020
600 $0.8M
500
424
400
JUN 2019
$0.6M
300 200
$0.3M
100 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 400
2018
2019 2020
$0M
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year 108%
2019
350
2018
2019
106%
106%
JUN 2019
300
JUN 2019
Sold
250
263 253 JUN 2020 247
104%
167
100%
JUN 2019
200 150
102%
100%
JUN 2020
JUN 2020
Pended
98%
100
96%
50 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
94%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
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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
MARKET REPORT
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Q2 2020
S A L E S BY DI S T R IC T · C ON D O S · Q2 2 02 0 City
Average
District 1
$1,324,000
Median
High Sale
Price/SF
# of Sales
$1,362,500
$2,550,000
$1,032
26
DOM 32
District 2
$1,498,333
$1,467,500
$2,205,000
$991
6
12
District 3
$1,042,500
$1,042,500
$1,260,000
$611
2
30
District 4
$924,477
$892,500
$1,725,000
$893
8
26
District 5
$1,489,803
$1,502,500
$2,855,000
$1,146
66
29
District 6
$1,250,272
$1,185,000
$2,145,000
$1,154
37
30
District 7
$1,619,942
$1,550,000
$3,300,000
$1,169
53
34
District 8
$1,721,949
$1,112,500
$9,330,000
$1,191
56
52
District 9
$1,176,465
$1,077,500
$3,475,000
$1,119
112
37
$706,571
$753,000
$900,000
$673
12
39
$1,375,690
$1,230,000
$9,330,000
$1,113
378
36
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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Q2 2020
ALAMEDA COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly data. Alameda County Last Year This Year
Homes for Sale Last Year vs. This Year 1400
2018
Median Sale Price Last Year vs. This Year $1,200K
2019
2018
2019
JUN 2020
1200
1162
$980K $960K
$1,000K
JUN 2019
JUN 2019
1000 $800K
784
800
JUN 2020
$600K
600 $400K 400 $200K
200 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 1200
2018
2019 2020
$0K
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year 110%
2019
2018
2019
JUN 2019
108% 943 929 JUN 2020 904 106%
1000
Sold
800
JUN 2019
713
JUN 2020
600
JUN 2019
104%
104%
102%
102%
Pended
JUN 2020
400
100%
200
98% 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
96%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
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A L A M E DA C OU N T Y S A L E S
MARKET REPORT
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Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City Alameda
Average $1,247,259
Median $1,250,000
High Sale
Price/SF
$2,105,000
$687
# of Sales 54
DOM 17
Albany
$1,251,462
$1,224,000
$1,908,000
$902
26
14
Berkeley
$1,421,854
$1,340,000
$2,900,000
$814
88
20
Castro Valley
$992,398
$950,000
$1,700,000
$549
96
18
Dublin
$1,116,136
$1,084,000
$1,767,539
$513
94
22
Emeryville
$1,120,000
$1,120,000
$1,120,000
$889
1
33
Fremont
$1,304,490
$1,225,000
$3,737,815
$732
200
20
Hayward
$787,139
$740,000
$1,965,000
$514
161
19
Livermore
$941,954
$827,750
$2,550,000
$499
196
17
Newark
$1,010,051
$950,200
$1,438,500
$632
46
16
Oakland
$1,048,029
$950,000
$3,900,000
$630
444
21
$2,597,581
$2,475,000
$6,200,000
$851
31
13
$1,440,496
$1,240,000
$3,790,000
$578
137
32
Piedmont Pleasanton San Leandro
$767,934
$740,000
$1,230,000
$552
91
17
San Lorenzo
$714,444
$717,500
$838,000
$547
36
13
Sunol
$725,000
$725,000
$725,000
$437
1
108
Union City
$978,089
$950,000
$1,439,000
$577
55
16
$1,103,217
$997,000
$6,200,000
$613
1757
20
Alameda County
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Q2 2020
MARKET REPORT
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JUNE 2019
CONTRA COSTA COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly data.County Contra Costa Last Year This Year
Homes for Sale Last Year vs. This Year 1800
2018
Median Sale Price Last Year vs. This Year 2019
1691
JUN 2019
1600
$800K
2018
JUN 2020
2019
$751K $700K
$700K
JUN 2019
1400
$600K
1200
$500K
1000
896
$400K
JUN 2020
800
$300K
600
$200K
400
$100K
200 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 1400
2018
103%
2019
Oct Nov Dec
Jan
Feb Mar Apr May Jun
1205
1000
1021 JUN 2019 101% 1001 100% 901 JUN 2020
2018
2019
102%
1200
Sold
Aug Sep
Sold Price as % of Original List Price Last Year vs. This Year JUN 2020
800
2019 2020
$0K
Feb Mar Apr May Jun
JUN 2019
101%
100% JUN 2020
99% 98%
600
Pended
97%
400
96% 200
95% 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
94%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
Each office 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
|
Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City
Average
Median
High Sale
Price/SF
# of Sales
DOM
Alamo
$2,137,741
$2,050,000
$4,100,000
$610
43
24
Antioch
$499,484
$495,000
$1,075,000
$274
213
18
Bay Point
$492,438
$475,888
$758,888
$310
21
17
Bethel Island
$412,750
$372,500
$650,000
$311
6
57
Brentwood
$656,205
$632,500
$1,382,267
$274
198
27
Byron
$725,000
$725,000
$725,000
$521
1
34
Clayton
$946,441
$905,000
$1,615,000
$385
34
20
Concord
$689,734
$669,500
$1,201,000
$421
188
18
Crockett
$619,786
$627,500
$798,000
$361
7
30
Danville
$1,554,699
$1,500,000
$4,100,000
$545
167
27
Diablo
$2,028,125
$2,000,000
$2,400,000
$605
4
42
Discovery Bay
$686,490
$636,500
$1,470,000
$261
92
40
El Cerrito
$992,501
$950,000
$1,741,112
$664
37
18
El Sobrante
$572,727
$560,000
$757,000
$464
22
13
Hercules
$750,275
$741,000
$1,400,000
$345
20
32
$1,291,077
$1,275,000
$1,815,000
$748
13
15
-
-
-
-
0
-
$1,802,911
$1,747,500
$3,338,000
$683
64
14
$685,101
$694,444
$999,000
$445
66
17
$1,558,641
$1,543,500
$2,265,000
$653
39
16
Kensington Knightsen Lafayette Martinez Moraga Oakley
$537,541
$529,000
$810,000
$278
121
29
Orinda
$1,808,271
$1,672,500
$3,800,000
$658
60
28
Pacheco
$604,333
$607,000
$687,000
$479
6
19
Pinole
$636,025
$600,000
$865,000
$459
20
17
Pittsburg
$482,411
$480,000
$750,000
$296
95
21
Pleasant Hill
$916,424
$850,000
$1,950,000
$547
65
14
$780,000
$780,000
$780,000
$407
1
89
$619,994
$600,000
$1,055,000
$449
136
19
$550,000
$605,000
$715,000
$388
6
10
Port Costa Richmond Rodeo San Pablo
$526,677
$546,000
$745,000
$447
22
17
San Ramon
$1,224,907
$1,179,745
$2,550,000
$521
116
17
Walnut Creek
$1,232,857
$1,208,000
$3,050,000
$578
135
15
$914,356
$725,000
$4,100,000
$432
2018
22
Contra Costa County
Each office is independently owned and operated.
MARKET REPORT
|
Q2 2020
MARKET REPORT
|
JUNE 2019
MARIN COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly data and may include off-market sales not Marin County included on this page.
Last Year This Year
Homes for Sale Last Year vs. This Year 600
2018
Median Sale Price Last Year vs. This Year $1.6M
2019
2018
2019
JUN 2020
$1.4M $1.3M
$1.4M
500
487
JUN 2019
400
355
JUN 2020
300
JUN 2019
$1.2M $1M $0.8M $0.6M
200
$0.4M 100
$0.2M 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 350
2018
100% JUN 2020
300
294
250
225 220 JUN 2020 215
JUN 2019
JUN 2019
Sold
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year
2019
200
2019 2020
$0M
2018
2019
JUN 2020
98% 97%
98%
JUN 2019
96% 94% 92%
150 90%
Pended
100
88%
50
86% 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
84%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
Each office is independently owned and operated.
M A R I N C OU N T Y S A L E S
MARKET REPORT
|
Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City
Average
Median
High Sale
Price/SF
# of Sales
Belvedere
$3,951,286
$3,427,000
$6,675,000
$1,117
Bolinas
$2,651,667
$3,150,000
$4,025,000
Corte Madera
$1,418,817
$1,257,500
$2,650,000
Dillon Beach Fairfax Forest Knolls Greenbrae
DOM
7
91
$1,131
3
112
$857
14
21
$998,560
$929,000
$1,200,000
$602
5
51
$1,115,350
$1,087,500
$1,800,000
$651
20
33
$370,000
$370,000
$370,000
$185
1
14
$2,034,122
$2,110,000
$3,425,000
$831
10
21
Inverness
$974,333
$825,000
$1,299,000
$657
3
32
Kentfield
$3,647,536
$3,205,000
$8,750,000
$971
18
38
$762,000
$762,000
$762,000
$481
1
17
Lagunitas Larkspur
$1,951,700
$1,875,000
$2,555,000
$932
15
29
Marshall
$2,362,500
$2,362,500
$3,100,000
$1,384
2
60
$2,116,360
$1,898,250
$6,375,000
$887
82
36
Muir Beach
$2,800,000
$2,800,000
$3,500,000
$1,123
2
77
Nicasio
$2,300,000
$2,300,000
$2,300,000
$775
1
0
Novato
$1,081,438
$957,001
$2,500,000
$502
87
44
-
-
-
-
0
-
Mill Valley
Olema Pt. Reyes Station
-
-
-
-
0
-
Ross
$3,542,725
$3,677,500
$5,200,000
$1,252
10
21
San Anselmo
$1,493,642
$1,320,750
$3,480,000
$757
48
27
San Geronimo San Rafael
$953,983
$953,983
$953,983
$741
1
24
$1,306,388
$1,217,500
$2,375,000
$659
104
31
Sausalito
$1,889,923
$1,700,000
$3,365,000
$998
13
61
Stinson Beach
$3,967,688
$3,075,000
$8,000,000
$2,119
8
92
Tiburon
$3,625,023
$2,960,500
$7,900,000
$1,050
22
76
Tomales
$545,000
$545,000
$545,000
$363
1
230
Woodacre
$1,115,000
$1,115,000
$1,115,000
$684
1
17
Marin County
$1,803,795
$1,450,000
$8,750,000
$785
479
39
Each office is independently owned and operated.
MARKET REPORT
|
Q2 2020
NAPA COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page showsNapa quarterly data and may include off-market sales not County included on this page.
Last Year This Year
Homes for Sale Last Year vs. This Year 500
2018
Median Sale Price Last Year vs. This Year $900K
2019
450
438
2018
2019
JUN 2020
$800K
$731K $727K
JUN 2019
400
$700K
350
338
JUN 2020
300
JUN 2019
$600K $500K
250 $400K
200
$300K
150
$200K
100
$100K
50 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 200
2018
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year 100%
2019
180
2019 2020
$0K
2018
2019
175
JUN 2020
160 140
129 122
JUN 2019
120
Sold
100
92
JUN 2020
80
Pended
60 40
95%
JUN 2019
93% 92%
JUN 2020
90%
85%
80%
20 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
75%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
Each office is independently owned and operated.
N A PA C OU N T Y S A L E S
MARKET REPORT
|
Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City American Canyon Angwin
Average
Median
$599,130
High Sale
$555,000
Price/SF
$1,575,000
# of Sales
$329
27
DOM 47
$987,250
$947,000
$1,499,000
$389
4
67
$2,155,000
$1,200,000
$9,500,000
$842
10
80
$1,030,157
$720,000
$10,200,000
$499
157
71
-
-
-
-
0
-
Pope Valley
$497,000
$350,000
$1,100,000
$193
4
134
Rutherford
$11,500,000
$11,500,000
$11,500,000
$1,305
1
249
St. Helena
$2,905,625
$2,000,000
$11,300,000
$1,102
12
88
Yountville
$1,874,875
$1,575,000
$3,400,000
$794
4
108
Napa County
$1,183,859
$720,000
$11,500,000
$529
219
72
Calistoga Napa Oakville
Each office is independently owned and operated.
MARKET REPORT
|
Q2 2020
MARKET REPORT
|
JUNE 2019
SAN MATEO COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly data. San Mateo County Last Year This Year
Homes for Sale Last Year vs. This Year 700
2018
Median Sale Price Last Year vs. This Year $2M
2019
600
JUN 2019
564 517
500
JUN 2020
2018
2019
JUN 2020
$1.8M
$1.7M $1.6M
$1.6M
JUN 2019
$1.4M $1.2M
400
$1M 300
$0.8M $0.6M
200
$0.4M 100
$0.2M 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 500
2018
2019
JUN 2020
396 373 347
400
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year 457
450
2019 2020
$0M
106%
2018
2019
104%
JUN 2019
Sold
350
102%
101%
JUN 2020
300
JUN 2019
100%
250
Pended
200
98%
98%
JUN 2020
150
96%
100 94%
50 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
92%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
Each office is independently owned and operated.
S A N M AT E O C OU N T Y S A L E S
MARKET REPORT
|
Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City
Average
Median
High Sale
Price/SF
# of Sales
Atherton
$9,096,500
$7,112,500
$20,000,000
$1,741
10
DOM 12
Belmont
$1,904,330
$1,878,000
$3,300,000
$1,072
33
5
Brisbane
$1,350,375
$1,275,000
$1,850,000
$884
8
20
Burlingame
$2,640,556
$2,425,000
$4,500,000
$1,213
41
6
-
-
-
-
0
-
$1,087,367
$1,055,000
$1,600,000
$774
43
5
East Palo Alto
$1,110,429
$1,020,000
$1,940,000
$741
7
8
El Granada
$1,260,375
$1,198,250
$1,839,000
$666
12
29
Foster City
$1,887,969
$1,850,000
$2,575,888
$966
24
4
Half Moon Bay
$1,605,909
$1,262,500
$5,900,000
$838
22
10
Hillsborough
Colma Daly City
$5,049,838
$4,625,000
$12,000,000
$1,172
20
28
La Honda
$1,027,750
$998,000
$1,710,000
$719
4
182
Loma Mar
-
-
-
-
0
-
Menlo Park
$3,002,005
$2,550,000
$8,500,000
$1,286
63
11
Millbrae
$1,815,271
$1,700,000
$3,000,000
$971
24
12
Montara
$1,690,322
$1,407,500
$2,968,223
$646
10
28
Moss Beach
$1,355,475
$1,345,000
$1,905,000
$657
8
26
Pacifica
$1,292,527
$1,250,000
$2,205,000
$815
51
6
Pescadero
$1,708,750
$1,787,500
$2,500,000
$779
4
12
Portola Valley
$4,103,846
$3,407,500
$12,500,000
$1,186
26
39
Redwood City
$1,780,046
$1,633,750
$4,100,000
$1,032
112
10
Redwood Shores
$2,099,500
$2,109,000
$2,310,000
$1,065
4
6
San Bruno
$1,161,901
$1,200,000
$1,588,000
$816
35
5
San Carlos
$2,067,917
$1,984,500
$3,175,000
$1,095
54
4
San Gregorio
-
-
-
-
0
-
San Mateo
$1,771,290
$1,615,000
$5,200,000
$1,016
110
7
South San Francisco
$1,118,513
$1,110,000
$2,000,000
$814
36
6
Woodside
$6,621,095
$2,800,000
$22,500,000
$1,303
21
90
San Mateo County
$2,177,007
$1,687,500
$22,500,000
$1,012
782
13
Each office is independently owned and operated.
MARKET REPORT
|
Q2 2020
SANTA CLARA COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly data. Santa Clara County Last Year This Year
Homes for Sale Last Year vs. This Year 1800
2018
Median Sale Price Last Year vs. This Year $1.6M
2019
1600
1549
2018
2019
JUN 2020
$1.4M $1.3M
$1.4M
JUN 2019
1400
JUN 2019
$1.2M
1200
$1M
985
1000
JUN 2020
$0.8M
800 $0.6M
600
$0.4M
400
$0.2M
200 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 1200
2018
106% JUN 2020
1007 885JUN 2019 883 853
Sold
800
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year
2019
1000
2019 2020
$0M
JUN 2020
600
2018
2019
104% 102% 100%
JUN 2019
99% JUN 2020
98%
Pended
96%
400
94% 200
92% 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
90%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
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
MARKET REPORT
|
Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City
Average
Alviso
Median
High Sale
Price/SF
-
-
-
Campbell
$1,587,043
$1,483,750
$3,000,000
Cupertino
$2,202,550
$2,167,500
$4,200,000
Gilroy
# of Sales -
DOM
0
-
$866
54
11
$1,253
64
5
$974,881
$863,500
$3,500,000
$399
112
15
Los Altos
$3,386,341
$3,150,000
$7,700,000
$1,312
69
8
Los Altos Hills
$4,338,387
$3,900,000
$7,750,000
$1,275
21
30
Los Gatos
$2,362,560
$2,077,500
$6,850,000
$998
84
12
Milpitas
$1,144,139
$1,122,500
$1,910,000
$726
54
7
Monte Sereno
$3,614,833
$3,500,000
$6,150,000
$1,114
13
17
$1,131,683
$1,047,500
$2,300,000
$462
116
16
Morgan Hill Mountain View
$2,228,831
$2,100,888
$4,000,000
$1,231
47
7
Palo Alto
$3,281,661
$2,800,000
$6,900,000
$1,650
74
11
San Jose
$1,305,374
$1,200,000
$3,776,000
$747
943
7
San Martin
$1,198,600
$1,218,000
$1,305,000
$576
5
16
Santa Clara
$1,456,372
$1,410,000
$2,403,000
$975
116
5
Saratoga
$2,834,556
$2,675,000
$6,163,000
$1,081
48
15
Stanford
$2,600,750
$2,351,500
$3,500,000
$913
4
92
Sunnyvale
$1,880,745
$1,917,500
$3,090,000
$1,147
114
6
Santa Clara County
$1,658,145
$1,375,500
$7,750,000
$860
1938
9
Each office is independently owned and operated.
MARKET REPORT
|
Q2 2020
SANTA CRUZ COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly data. Santa Cruz County Last Year This Year
Homes for Sale Last Year vs. This Year 600
2018
Median Sale Price Last Year vs. This Year $1,200K
2019
500
2018
2019
JUN 2020
$1,000K
$905K $897K
447 JUN 2019
400
300
JUN 2019
$800K
$600K
253 JUN 2020
200
100
$400K
$200K 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 250
2018
2019
JUN 2020
Sold
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year 236
200
150
2019 2020
$0K
100%
2018
2019
98%
JUN 2020
97%
190
96%
164 150
94%
JUN 2019
JUN 2019
100
92% 90%
Pended
88% 50 86% 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
84%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
Each office is independently owned and operated.
S A N TA C RUZ C OU N T Y S A L E S
MARKET REPORT
|
Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City Aptos Ben Lomond Boulder Creek Brookdale
Average
Median
$1,244,189
High Sale
Price/SF
# of Sales
$680
66
DOM
$1,012,500
$4,550,000
22
$767,273
$727,000
$1,300,000
$522
22
7
$584,009
$580,000
$1,100,000
$446
39
24
$796,667
$672,000
$1,200,000
$532
6
19
$1,184,875
$1,102,000
$1,595,000
$980
8
26
Corralitos
$1,038,000
$1,038,000
$1,038,000
$582
1
0
Davenport
$850,000
$850,000
$850,000
$610
1
67
$738,786
$650,000
$1,385,000
$492
21
12
Capitola
Felton Freedom
$565,333
$566,000
$605,000
$523
3
2
La Selva Beach
$1,226,800
$1,100,000
$2,050,000
$601
5
32
Los Gatos
$1,272,429
$1,285,000
$1,975,000
$575
14
20
-
-
-
-
0
-
Santa Cruz
$1,186,072
$1,020,000
$3,750,000
$747
119
17
Scotts Valley
$1,106,354
$1,064,250
$2,355,000
$509
24
8
Soquel
$1,231,286
$1,189,250
$1,925,000
$573
14
5
Mount Hermon
Watsonville Santa Cruz County
$664,095
$580,250
$1,435,000
$487
32
11
$1,027,367
$905,000
$4,550,000
$623
375
17
Each office is independently owned and operated.
MARKET REPORT
|
Q2 2020
SOLANO COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly data and may include off-market sales not Solano County included on this page.
Last Year This Year
Homes for Sale Last Year vs. This Year 900
2018
Median Sale Price Last Year vs. This Year $600K
2019
2018
2019
800
JUN 2020
$495K $448K
$500K 700
691
JUN 2019
600
JUN 2019
$400K
500 $300K 400
343
300
JUN 2020
$200K
200 $100K 100 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 600
2018
2019 2020
$0K
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year 101%
2019
2018
2019
JUN 2019
529
500
436 JUN 2019 432 425
Sold
400
JUN 2020
100% 99% JUN 2020
98%
98%
JUN 2019
300 97%
Pended 200
96%
100
95% 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
94%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
Each office is independently owned and operated.
S OL A NO C OU N T Y S A L E S
MARKET REPORT
|
Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City Benicia
Average
Median
High Sale
Price/SF
# of Sales
DOM
$707,166
$689,000
$930,000
$357
43
39
Dixon
$486,260
$460,000
$1,070,000
$260
62
34
Elmira
$495,000
$495,000
$495,000
$233
1
75
Fairfield
$542,585
$515,000
$2,050,000
$270
270
46
Rio Vista
$414,143
$395,000
$845,000
$241
47
86
$430,545
$429,800
$725,000
$274
67
40
Suisun City Vacaville
$524,021
$498,750
$1,179,000
$287
324
38
Vallejo
$468,049
$455,000
$770,000
$298
197
44
Winters
$1,415,750
$863,500
$3,250,000
$492
4
111
$515,775
$485,000
$3,250,000
$284
1015
44
Solano County
Each office is independently owned and operated.
MARKET REPORT
|
Q2 2020
MARKET REPORT
|
JUNE 2019
SONOMA COUNTY M A R K ET TR ENDS Graphs show trends in market activity comparing this year (solid lines) with last year (dashed lines) for the same period. Data is for single family homes only. Note: Totals in graphs on this page show monthly data. The following page shows quarterly data and may include off-market sales not Sonoma County included on this page.
Last Year This Year
Homes for Sale Last Year vs. This Year 1400
2018
Median Sale Price Last Year vs. This Year $800K
2019
2018
2019
JUN 2020
$704K $660K
$700K
1200
1130
1000 800
JUN 2019
$600K
866
$500K
JUN 2019
JUN 2020
$400K 600 $300K 400
$200K
200
$100K 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Jul
Homes Gone Pending and Homes Sold Last Year vs. This Year 700
2018
Aug Sep
Oct Nov Dec
Jan
99%
638
2018
2019
98%
JUN 2020
JUN 2019
97%
97% JUN 2020
500
440 430JUN 2019 413
Sold
400
Feb Mar Apr May Jun
Sold Price as % of Original List Price Last Year vs. This Year
2019
600
2019 2020
$0K
96%
96%
JUN 2020
95% 94%
300
93%
Pended
92%
200
91% 100
90% 2019 2020
0
Jul
Aug Sep
Oct Nov Dec
Jan
2019 2020
89%
Feb Mar Apr May Jun
Jul
Aug Sep
Oct Nov Dec
Jan
Feb Mar Apr May Jun
Source: Trendgraphix, MLS
Each office is independently owned and operated.
S ONOM A C OU N T Y S A L E S
MARKET REPORT
|
Q2 2020
S A L E S BY C I T Y · SI NG L E FA M I LY HOM E S · Q2 2 02 0 City
Average
Annapolis
Median
High Sale
-
-
Bodega
$1,399,000
Bodega Bay
$1,154,208
Boyes Hot Springs
Price/SF
# of Sales
-
-
$1,399,000
$1,399,000
$1,016,000
$1,990,000
DOM
0
-
$629
1
32
$565
12
76
-
-
-
-
0
-
$358,000
$358,000
$358,000
$389
1
0
Cazadero
$421,475
$438,000
$524,900
$362
4
90
Cloverdale
$645,080
$582,000
$1,347,000
$366
28
64
$628,414
$612,500
$1,165,000
$386
14
33
Camp Meeker
Cotati Duncan Mills Forestville
-
-
-
-
0
-
$740,588
$635,000
$2,500,000
$493
17
39
Freestone
-
-
-
-
0
-
Fulton
$1,140,000
$1,140,000
$1,140,000
$619
1
24
Geyserville
$1,925,000
$1,900,000
$3,000,000
$820
3
175
Glen Ellen
$1,698,909
$1,725,000
$3,400,000
$674
11
75
$795,000
$795,000
$795,000
$530
1
76
Graton Guerneville
$501,112
$445,000
$950,000
$446
20
107
Healdsburg
$1,581,348
$860,000
$10,100,000
$648
38
98
Jenner
$602,500
$632,500
$750,000
$596
4
110
Kenwood
$1,674,938
$1,617,250
$2,875,000
$832
8
62
Monte Rio
$489,459
$500,216
$630,000
$416
7
69
Occidental
$802,000
$802,000
$804,000
$500
2
78
Penngrove
$1,286,250
$1,260,000
$1,650,000
$506
4
84
Petaluma
$839,712
$764,800
$3,000,000
$462
111
59
Rohnert Park
$630,753
$610,407
$900,000
$361
49
45
Santa Rosa
$721,441
$613,500
$3,450,000
$410
352
56
Sebastopol
$1,065,548
$985,000
$3,000,000
$608
47
45
$1,248,141
$805,000
$4,600,000
$541
81
88
Sonoma The Sea Ranch
$976,406
$731,000
$2,725,000
$524
16
134
Timber Cove
$399,000
$399,000
$399,000
$NaN
1
50
Villa Grande
-
-
-
-
0
-
Windsor
$707,246
$675,000
$1,200,000
$395
58
59
Sonoma County
$859,174
$675,000
$10,100,000
$459
891
64
Each office is independently owned and operated.
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650.865.3000
408.358.2800
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