Q3 N. California Market Report

Page 1


WHAT IS A MARKET WITHIN A MARKET?

With our vast years of experience, we at Keller Williams Realty have come to notice that, every market within a market has a very different climate and therefore requires its own set of statistics for you to truly understand what is going on in your neighborhood. Although you can easily access the broad national, state, and/or country trends published by the media, they may not have anything to do with what is occurring in your own backyard. After all, you wouldn’t watch a weather channel report for Seattle to decide if you need an umbrella that day would you?


WHY THIS BENEFITS YOU – OUR CLIENT Our extensive experience & knowledge has led us to notice that markets within markets may be performing in a different way from one another and from national averages.

With the current stringent lending situation, having knowledge of the specialized market trends for the neighborhood you are contemplating is vital for true success in your transaction.

Don’t be mislead by ideas that are not actual facts. What is in fact occurring in the markets of those areas may be counterintuitive of notions or ideas you may have perceived from national averages. Knowledge is power and knowing all the facts will give you the power to make the most educated choice.


ATHERTON

SFR

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$5,138,250 $1,460

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$6,400,000

24.6%

$1,468

0.5%

Properties Sold ……………………….

21

Properties Sold ……………………….

17

-19.0%

Properties Pending Sale ………………

18

Properties Pending Sale ………………

16

-11.1%

Properties For Sale …………….……...

58

Properties For Sale …………….……...

43

-25.9%

Days on Market (Pending Sale) ….…..

53

Days on Market (Pending Sale) ….…..

55

2.7%

Percent Under Contract ………….……

31.03%

Percent Under Contract ………….……

37.21%

19.9%


BELMONT

SFR

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$1,632,500 $938

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,840,000

12.7%

$976

4.1%

Properties Sold ……………………….

64

Properties Sold ……………………….

57

-10.9%

Properties Pending Sale ………………

68

Properties Pending Sale ………………

61

-10.3%

Properties For Sale …………….……...

92

Properties For Sale …………….……...

90

-2.2%

Days on Market (Pending Sale) ….…..

13

Days on Market (Pending Sale) ….…..

16

22.0%

Percent Under Contract ………….……

73.91%

Percent Under Contract ………….……

67.78%

-8.3%


BELMONT

CONDO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$563,000 $668

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,027,500

82.5%

$782

17.1%

Properties Sold ……………………….

6

Properties Sold ……………………….

6

0.0%

Properties Pending Sale ………………

4

Properties Pending Sale ………………

4

0.0%

Properties For Sale …………….……...

5

Properties For Sale …………….……...

7

40.0%

Days on Market (Pending Sale) ….…..

28

Days on Market (Pending Sale) ….…..

6

-77.7%

Percent Under Contract ………….……

80.00%

Percent Under Contract ………….……

57.14%

-28.6%


BURLINGAME

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$2,180,000 $1,106

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$2,250,000

3.2%

$1,135

2.6%

Properties Sold ……………………….

46

Properties Sold ……………………….

43

-6.5%

Properties Pending Sale ………………

42

Properties Pending Sale ………………

56

33.3%

Properties For Sale …………….……...

64

Properties For Sale …………….……...

91

42.2%

Days on Market (Pending Sale) ….…..

16

Days on Market (Pending Sale) ….…..

22

36.7%

Percent Under Contract ………….……

65.62%

Percent Under Contract ………….……

61.54%

-6.2%


BURLINGAME

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

Q3 2018

$962,500 $762

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,090,000

13.2%

$900

18.1%

Properties Sold ……………………….

16

Properties Sold ……………………….

8

-50.0%

Properties Pending Sale ………………

14

Properties Pending Sale ………………

8

-42.9%

Properties For Sale …………….……...

22

Properties For Sale …………….……...

12

-45.5%

Days on Market (Pending Sale) ….…..

19

Days on Market (Pending Sale) ….…..

17

-9.2%

Percent Under Contract ………….……

63.64%

Percent Under Contract ………….……

66.67%

4.8%


CAMPBELL

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...

SFR

Q3 2018

$1,315,000 $758 105 91 117

% CHANGE

$1,420,000

8.0%

$867

14.4%

Properties Sold ……………………….

80

-23.8%

Properties Pending Sale ………………

69

-24.2%

132

12.8%

Median Price ……………………..……. Average Price per Square Foot ….…

Properties For Sale …………….……...

Days on Market (Pending Sale) ….…..

16

Days on Market (Pending Sale) ….…..

24

51.4%

Percent Under Contract ………….……

77.78%

Percent Under Contract ………….……

52.27%

-32.8%


CAMPBELL

CONDO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$740,000 $611

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$687,000

-7.2%

$751

22.9%

Properties Sold ……………………….

7

Properties Sold ……………………….

20

185.7%

Properties Pending Sale ………………

6

Properties Pending Sale ………………

17

183.3%

Properties For Sale …………….……...

10

Properties For Sale …………….……...

22

120.0%

Days on Market (Pending Sale) ….…..

13

Days on Market (Pending Sale) ….…..

14

12.4%

Percent Under Contract ………….……

60.00%

Percent Under Contract ………….……

77.27%

28.8%


CUPERTINO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$2,118,712 $1,021

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$2,300,000

8.6%

$1,160

13.6%

Properties Sold ……………………….

68

Properties Sold ……………………….

58

-14.7%

Properties Pending Sale ………………

65

Properties Pending Sale ………………

55

-15.4%

Properties For Sale …………….……...

87

Properties For Sale …………….……...

111

27.6%

Days on Market (Pending Sale) ….…..

16

Days on Market (Pending Sale) ….…..

25

54.4%

Percent Under Contract ………….……

74.71%

Percent Under Contract ………….……

49.55%

-33.7%


CUPERTINO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ……………………….

CONDO

Q3 2018

$1,100,000 $978 9

% CHANGE

$1,207,500

9.8%

$1,053

7.7%

Properties Sold ……………………….

6

-33.3%

4

-60.0%

Median Price ……………………..……. Average Price per Square Foot ….…

Properties Pending Sale ………………

10

Properties Pending Sale ………………

Properties For Sale …………….……...

12

Properties For Sale …………….……...

14

16.7%

Days on Market (Pending Sale) ….…..

18

Days on Market (Pending Sale) ….…..

24

37.8%

Percent Under Contract ………….……

83.33%

Percent Under Contract ………….……

28.57%

-65.7%


EAST PALO ALTO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$850,000 $674

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

% CHANGE

$1,100,000

29.4%

$723

7.3%

Properties Sold ……………………….

37

Properties Sold ……………………….

25

-32.4%

Properties Pending Sale ………………

36

Properties Pending Sale ………………

28

-22.2%

Properties For Sale …………….……...

59

Properties For Sale …………….……...

52

-11.9%

Days on Market (Pending Sale) ….…..

16

Days on Market (Pending Sale) ….…..

20

28.3%

Percent Under Contract ………….……

61.02%

Percent Under Contract ………….……

53.85%

-11.8%


EAST PALO ALTO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$585,000 $737

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

% CHANGE

$854,944

46.1%

$713

-3.3%

Properties Sold ……………………….

4

Properties Sold ……………………….

2

-50.0%

Properties Pending Sale ………………

8

Properties Pending Sale ………………

3

-62.5%

Properties For Sale …………….……...

9

Properties For Sale …………….……...

4

-55.6%

Days on Market (Pending Sale) ….…..

15

Days on Market (Pending Sale) ….…..

12

-20.2%

Percent Under Contract ………….……

88.89%

Percent Under Contract ………….……

75.00%

-15.6%


FREMONT

SFR

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$1,050,000 $650

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,220,000

16.2%

$736

13.2%

Properties Sold ……………………….

457

Properties Sold ……………………….

410

-10.3%

Properties Pending Sale ………………

459

Properties Pending Sale ………………

399

-13.1%

Properties For Sale …………….……...

676

Properties For Sale …………….……...

728

7.7%

Days on Market (Pending Sale) ….…..

31.9%

Days on Market (Pending Sale) ….….. 22

17 Percent Under Contract ………….……

-19.3%

Percent Under Contract ………….…… 67.90%

54.81%


FREMONT

CONDO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...

Q3 2018

$587,500 $558 100 84 124

Days on Market (Pending Sale) ….…..

Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...

% CHANGE

$693,750

18.1%

$648

16.1%

108

8.0%

95

13.1%

189

52.4% 41.8%

Days on Market (Pending Sale) ….….. 23

16 Percent Under Contract ………….……

-25.8%

Percent Under Contract ………….…… 67.74%

50.26%


HILLSBOROUGH

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$3,575,000 $984

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

% CHANGE

$4,150,000

16.1%

$1,105

12.3%

Properties Sold ……………………….

36

Properties Sold ……………………….

36

0.0%

Properties Pending Sale ………………

37

Properties Pending Sale ………………

31

-16.2%

Properties For Sale …………….……...

89

Properties For Sale …………….……...

79

-11.2%

Days on Market (Pending Sale) ….…..

-56.7%

Days on Market (Pending Sale) ….….. 35

81 Percent Under Contract ………….……

-5.6%

Percent Under Contract ………….…… 41.57%

39.24%


LOS ALTOS

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$3,005,000 $1,191

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$3,400,000

13.1%

$1,443

21.2%

Properties Sold ……………………….

72

Properties Sold ……………………….

60

-16.7%

Properties Pending Sale ………………

70

Properties Pending Sale ………………

61

-12.9%

Properties For Sale …………….……...

97

-4.9%

Properties For Sale …………….……...

102

Days on Market (Pending Sale) ….…..

-9.7%

Days on Market (Pending Sale) ….….. 16

17 Percent Under Contract ………….……

-8.4%

Percent Under Contract ………….…… 68.63%

62.89%


LOS ALTOS

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

Q3 2018

$1,450,000 $1,112

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,635,000

12.8%

$1,196

7.6%

9

-40.0%

Properties Sold ……………………….

15

Properties Sold ……………………….

Properties Pending Sale ………………

13

Properties Pending Sale ………………

11

-15.4%

Properties For Sale …………….……...

16

Properties For Sale …………….……...

14

-12.5%

Days on Market (Pending Sale) ….…..

-28.4%

Days on Market (Pending Sale) ….….. 11

16 Percent Under Contract ………….……

-3.3%

Percent Under Contract ………….…… 81.25%

78.57%


LOS GATOS

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$1,965,000 $800

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,790,000

-8.9%

$842

5.2%

Properties Sold ……………………….

131

Properties Sold ……………………….

102

-22.1%

Properties Pending Sale ………………

123

Properties Pending Sale ………………

116

-5.7%

Properties For Sale …………….……...

253

Properties For Sale …………….……...

308

21.7%

Days on Market (Pending Sale) ….…..

9.4%

Days on Market (Pending Sale) ….….. 45

41 Percent Under Contract ………….……

-22.5%

Percent Under Contract ………….…… 48.62%

37.66%


LOS GATOS

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

Q3 2018

$865,000 $637

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$837,750

-3.2%

$743

16.6%

Properties Sold ……………………….

5

Properties Sold ……………………….

14

180.0%

Properties Pending Sale ………………

7

Properties Pending Sale ………………

12

71.4%

Properties For Sale …………….……...

21

90.9%

Properties For Sale …………….……...

11

Days on Market (Pending Sale) ….…..

210.4%

Days on Market (Pending Sale) ….….. 37

12 Percent Under Contract ………….……

-10.2%

Percent Under Contract ………….…… 63.64%

57.14%


MENLO PARK

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$2,605,500 $1,277

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$2,230,000

-14.4%

$1,300

1.8%

Properties Sold ……………………….

78

Properties Sold ……………………….

76

-2.6%

Properties Pending Sale ………………

66

Properties Pending Sale ………………

77

16.7%

137

29.2%

Properties For Sale …………….……...

106

Days on Market (Pending Sale) ….…..

Properties For Sale …………….……...

-14.6%

Days on Market (Pending Sale) ….….. 19

22 Percent Under Contract ………….……

-9.7%

Percent Under Contract ………….…… 62.26%

56.20%


MENLO PARK

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...

CONDO

Q3 2018

$1,125,000 $796 13 7 11

Days on Market (Pending Sale) ….…..

% CHANGE

$1,351,500

20.1%

$1,009

26.8%

Properties Sold ……………………….

16

23.1%

Properties Pending Sale ………………

17

142.9%

Properties For Sale …………….……...

28

154.5%

Median Price ……………………..……. Average Price per Square Foot ….…

-36.5%

Days on Market (Pending Sale) ….….. 24

37 Percent Under Contract ………….……

-4.6%

Percent Under Contract ………….…… 63.64%

60.71%


PALO ALTO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….… Properties Sold ………………………. Properties Pending Sale ……………… Properties For Sale …………….……...

SFR

Q3 2018

$2,950,000 $1,485 102 99 142

Days on Market (Pending Sale) ….…..

% CHANGE

$3,194,000

8.3%

$1,617

8.9%

Properties Sold ……………………….

70

-31.4%

Properties Pending Sale ………………

72

-27.3%

149

4.9%

Median Price ……………………..……. Average Price per Square Foot ….…

Properties For Sale …………….……...

-19.5%

Days on Market (Pending Sale) ….….. 18

23 Percent Under Contract ………….……

-30.7%

Percent Under Contract ………….…… 69.72%

48.32%


PALO ALTO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

Q3 2018

$1,562,500 $1,156

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,444,000

-7.6%

$1,222

5.7%

Properties Sold ……………………….

16

Properties Sold ……………………….

18

12.5%

Properties Pending Sale ………………

15

Properties Pending Sale ………………

21

40.0%

Properties For Sale …………….……...

24

Properties For Sale …………….……...

34

41.7%

Days on Market (Pending Sale) ….…..

75.4%

Days on Market (Pending Sale) ….….. 22

13 Percent Under Contract ………….……

-1.2%

Percent Under Contract ………….…… 62.50%

61.76%


REDWOOD CITY

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$1,607,000 $895

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

% CHANGE

$1,732,000

7.8%

$981

9.6%

Properties Sold ……………………….

117

Properties Sold ……………………….

128

9.4%

Properties Pending Sale ………………

119

Properties Pending Sale ………………

121

1.7%

Properties For Sale …………….……...

188

Properties For Sale …………….……...

228

21.3%

Days on Market (Pending Sale) ….…..

-2.1%

Days on Market (Pending Sale) ….….. 17

18 Percent Under Contract ………….……

-16.2%

Percent Under Contract ………….…… 63.30%

53.07%


REDWOOD CITY

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$854,000 $685

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

% CHANGE

$912,500

6.9%

$850

24.1%

Properties Sold ……………………….

20

Properties Sold ……………………….

22

10.0%

Properties Pending Sale ………………

16

Properties Pending Sale ………………

21

31.2%

Properties For Sale …………….……...

25

Properties For Sale …………….……...

29

16.0%

Days on Market (Pending Sale) ….…..

0.0%

Days on Market (Pending Sale) ….….. 17

17 Percent Under Contract ………….……

13.1%

Percent Under Contract ………….…… 64.00%

72.41%


REDWOOD SHORES

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$1,621,250 $886

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

% CHANGE

$2,550,000

57.3%

$990

11.7%

9

125.0%

Properties Sold ……………………….

4

Properties Sold ……………………….

Properties Pending Sale ………………

5

Properties Pending Sale ………………

12

140.0%

Properties For Sale …………….……...

7

Properties For Sale …………….……...

17

142.9%

Days on Market (Pending Sale) ….…..

67.6%

Days on Market (Pending Sale) ….….. 15

9 Percent Under Contract ………….……

-1.2%

Percent Under Contract ………….…… 71.43%

70.59%


REDWOOD SHORES

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$1,124,444 $724

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

% CHANGE

$1,250,000

11.2%

$829

11.7%

Properties Sold ……………………….

54

Properties Sold ……………………….

49

-9.3%

Properties Pending Sale ………………

52

Properties Pending Sale ………………

53

1.9%

Properties For Sale …………….……...

77

Properties For Sale …………….……...

82

6.5%

Days on Market (Pending Sale) ….…..

6.4%

Days on Market (Pending Sale) ….….. 19

18 Percent Under Contract ………….……

-4.3%

Percent Under Contract ………….…… 67.53%

64.63%


SAN CARLOS

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$1,710,000 $988

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,925,000

12.6%

$1,082

9.5%

Properties Sold ……………………….

57

Properties Sold ……………………….

61

7.0%

Properties Pending Sale ………………

73

Properties Pending Sale ………………

71

-2.7%

111

9.9%

Properties For Sale …………….……...

101

Days on Market (Pending Sale) ….…..

Properties For Sale …………….……...

-7.1%

Days on Market (Pending Sale) ….….. 14

15 Percent Under Contract ………….……

-11.5%

Percent Under Contract ………….…… 72.28%

63.96%


SAN CARLOS

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

Q3 2018

$863,500 $770

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,000,000

15.8%

$919

19.4%

Properties Sold ……………………….

16

Properties Sold ……………………….

11

-31.2%

Properties Pending Sale ………………

13

Properties Pending Sale ………………

14

7.7%

Properties For Sale …………….……...

15

Properties For Sale …………….……...

18

20.0%

Days on Market (Pending Sale) ….…..

58.4%

Days on Market (Pending Sale) ….….. 25

16 Percent Under Contract ………….……

-10.3%

Percent Under Contract ………….…… 86.67%

77.78%


SAN FRANCISCO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$1,362,500 $908

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

% CHANGE

$1,565,000

14.9%

$978

7.7%

Properties Sold ……………………….

599

Properties Sold ……………………….

527

-12.0%

Properties Pending Sale ………………

585

Properties Pending Sale ………………

549

-6.2%

1,129

5.9%

Properties For Sale …………….……...

1,066

Days on Market (Pending Sale) ….…..

Properties For Sale …………….……...

-10.3%

Days on Market (Pending Sale) ….….. 26

29 Percent Under Contract ………….……

-11.4%

Percent Under Contract ………….…… 54.88%

48.63%


SAN FRANCISCO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$1,175,000 $1,070

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

% CHANGE

$1,200,000

2.1%

$1,134

6.0%

Properties Sold ……………………….

540

Properties Sold ……………………….

593

9.8%

Properties Pending Sale ………………

558

Properties Pending Sale ………………

607

8.8%

1,303

5.8%

Properties For Sale …………….……...

1,232

Days on Market (Pending Sale) ….…..

Properties For Sale …………….……...

-11.2%

Days on Market (Pending Sale) ….….. 34

38 Percent Under Contract ………….……

2.9%

Percent Under Contract ………….…… 45.29%

46.58%


SAN JOSE

SFR

Q3 2017

Median Price ……………………..…….

Q3 2018

$978,000

Median Price ……………………..…….

% CHANGE

$1,170,000

19.6%

Average Price per Square Foot ….…

$613

Average Price per Square Foot ….…

$701

14.4%

Properties Sold ……………………….

1,617

Properties Sold ……………………….

1,368

-15.4%

Properties Pending Sale ………………

1,499

Properties Pending Sale ………………

1,359

-9.3%

Properties For Sale …………….……...

2,036

Properties For Sale …………….……...

2,456

20.6%

Days on Market (Pending Sale) ….…..

27.5%

Days on Market (Pending Sale) ….….. 25

19 Percent Under Contract ………….……

-24.8%

Percent Under Contract ………….…… 73.62%

55.33%


SAN JOSE

CONDO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$575,000 $535

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$700,000

21.7%

$651

21.7%

Properties Sold ……………………….

455

Properties Sold ……………………….

355

-22.0%

Properties Pending Sale ………………

422

Properties Pending Sale ………………

338

-19.9%

Properties For Sale …………….……...

512

Properties For Sale …………….……...

615

20.1%

Days on Market (Pending Sale) ….…..

12.7%

Days on Market (Pending Sale) ….….. 22

19 Percent Under Contract ………….……

-33.3%

Percent Under Contract ………….…… 82.42%

54.96%


SAN MATEO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$1,450,000 $938

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,650,000

13.8%

$980

4.5%

Properties Sold ……………………….

168

Properties Sold ……………………….

171

1.8%

Properties Pending Sale ………………

162

Properties Pending Sale ………………

163

0.6%

Properties For Sale …………….……...

214

Properties For Sale …………….……...

257

20.1%

Days on Market (Pending Sale) ….…..

30.9%

Days on Market (Pending Sale) ….….. 20

15 Percent Under Contract ………….……

-16.2%

Percent Under Contract ………….…… 75.70%

63.42%


SAN MATEO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

Q3 2018

$750,000 $733

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$850,000

13.3%

$831

13.4%

Properties Sold ……………………….

77

Properties Sold ……………………….

57

-26.0%

Properties Pending Sale ………………

77

Properties Pending Sale ………………

52

-32.5%

Properties For Sale …………….……...

98

-16.2%

Properties For Sale …………….……...

117

Days on Market (Pending Sale) ….…..

37.2%

Days on Market (Pending Sale) ….….. 35

26 Percent Under Contract ………….……

-19.4%

Percent Under Contract ………….…… 65.81%

53.06%


SANTA CLARA

Q3 2017

Q3 2018

SFR

% CHANGE

Median Price ……………………..…….

n/a

Median Price ……………………..…….

n/a

n/a

Average Price per Square Foot ….…

n/a

Average Price per Square Foot ….…

n/a

n/a

Properties Sold ……………………….

n/a

Properties Sold ……………………….

n/a

n/a

Properties Pending Sale ………………

n/a

Properties Pending Sale ………………

n/a

n/a

Properties For Sale …………….……...

n/a

Properties For Sale …………….……...

n/a

n/a

Days on Market (Pending Sale) ….…..

n/a

Days on Market (Pending Sale) ….….. n/a

n/a Percent Under Contract ………….……

n/a

Percent Under Contract ………….…… n/a

n/a


SANTA CLARA

Q3 2017

Q3 2018

CONDO

% CHANGE

Median Price ……………………..…….

n/a

Median Price ……………………..…….

n/a

n/a

Average Price per Square Foot ….…

n/a

Average Price per Square Foot ….…

n/a

n/a

Properties Sold ……………………….

n/a

Properties Sold ……………………….

n/a

n/a

Properties Pending Sale ………………

n/a

Properties Pending Sale ………………

n/a

n/a

Properties For Sale …………….……...

n/a

Properties For Sale …………….……...

n/a

n/a

Days on Market (Pending Sale) ….…..

n/a

Days on Market (Pending Sale) ….….. n/a

n/a Percent Under Contract ………….……

n/a

Percent Under Contract ………….…… n/a

n/a


SANTA CRUZ

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$1,000,000 $640

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,025,000

2.5%

$652

1.9%

Properties Sold ……………………….

135

Properties Sold ……………………….

175

29.6%

Properties Pending Sale ………………

153

Properties Pending Sale ………………

184

20.3%

Properties For Sale …………….……...

305

Properties For Sale …………….……...

368

20.7%

Days on Market (Pending Sale) ….…..

1.3%

Days on Market (Pending Sale) ….….. 38

37 Percent Under Contract ………….……

-0.3%

Percent Under Contract ………….…… 50.16%

50.00%


SANTA CRUZ

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

Q3 2018

$545,000 $523

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$565,000

3.7%

$581

11.1%

Properties Sold ……………………….

31

Properties Sold ……………………….

18

0.0%

Properties Pending Sale ………………

34

Properties Pending Sale ………………

20

-3.3%

Properties For Sale …………….……...

55

Properties For Sale …………….……...

42

-23.6%

Days on Market (Pending Sale) ….…..

93.9%

Days on Market (Pending Sale) ….….. 63

33 Percent Under Contract ………….……

-23.0%

Percent Under Contract ………….…… 61.82%

47.62%


SOUTH SAN FRANCISCO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$944,000 $681

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

% CHANGE

$1,105,000

17.1%

$745

9.4%

Properties Sold ……………………….

68

Properties Sold ……………………….

75

10.3%

Properties Pending Sale ………………

59

Properties Pending Sale ………………

80

35.6%

Properties For Sale …………….……...

94

Properties For Sale …………….……...

121

28.7%

Days on Market (Pending Sale) ….…..

16.6%

Days on Market (Pending Sale) ….….. 19

16 Percent Under Contract ………….……

5.3%

Percent Under Contract ………….…… 62.77%

66.12%


SOUTH SAN FRANCISCO

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

Q3 2018

$623,444 $595

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

% CHANGE

$807,000

29.4%

$694

16.6%

Properties Sold ……………………….

28

Properties Sold ……………………….

19

-32.1%

Properties Pending Sale ………………

24

Properties Pending Sale ………………

26

8.3%

Properties For Sale …………….……...

32

Properties For Sale …………….……...

34

6.2%

Days on Market (Pending Sale) ….…..

-10.2%

Days on Market (Pending Sale) ….….. 17

18 Percent Under Contract ………….……

2.0%

Percent Under Contract ………….…… 75.00%

76.47%


SUNNYVALE

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$1,711,000 $1,034

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,843,750

7.8%

$1,139

10.2%

Properties Sold ……………………….

165

Properties Sold ……………………….

160

-3.0%

Properties Pending Sale ………………

153

Properties Pending Sale ………………

166

8.5%

Properties For Sale …………….……...

184

Properties For Sale …………….……...

269

46.2%

Days on Market (Pending Sale) ….…..

91.0%

Days on Market (Pending Sale) ….….. 24

12 Percent Under Contract ………….……

-25.8%

Percent Under Contract ………….…… 83.15%

61.71%


SUNNYVALE

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

CONDO

Q3 2018

$870,500 $796

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$1,075,000

23.5%

$939

18.0%

Properties Sold ……………………….

30

Properties Sold ……………………….

35

16.7%

Properties Pending Sale ………………

26

Properties Pending Sale ………………

37

42.3%

Properties For Sale …………….……...

33

Properties For Sale …………….……...

57

72.7%

Days on Market (Pending Sale) ….…..

81.7%

Days on Market (Pending Sale) ….….. 19

11 Percent Under Contract ………….……

-17.6%

Percent Under Contract ………….…… 78.79%

64.91%


WOODSIDE

Q3 2017

Median Price ……………………..……. Average Price per Square Foot ….…

SFR

Q3 2018

$2,549,000 $1,112

Median Price ……………………..……. Average Price per Square Foot ….…

% CHANGE

$3,650,000

43.2%

$1,146

3.1%

Properties Sold ……………………….

22

Properties Sold ……………………….

20

-9.1%

Properties Pending Sale ………………

26

Properties Pending Sale ………………

20

-23.1%

Properties For Sale …………….……...

83

Properties For Sale …………….……...

61

-26.5%

Days on Market (Pending Sale) ….…..

-7.8%

Days on Market (Pending Sale) ….….. 58

63 Percent Under Contract ………….……

4.7%

Percent Under Contract ………….…… 31.33%

32.79%


Glossary of Terms

Median Price: A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) don’t hold undue. Average Price per Square Foot: The price per each property divided by their respective square footage then averaged across all properties sold in the area for a given time period. Properties Sold: The number of property transactions that closed and transferred ownership. Properties Pending Sale: The number of properties that entered escrow in preparation for sale.

Properties For Sale: The number of properties on the market and seeking buyers. Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market. Absorption Rate: The rate at which the inventory of home for sale are being sold. Percent Under Contract: The ratio of properties to properties sale.


Disclaimer

The Market Within A Market Report is brought to you by Michael Lewis Marketing Suite, a high-end, luxury consulting, brand building, marketing firm located in California and Florida. www.michaellewismarketingsuite.com

Information obtained from Broker Metrics and DataQuick. Broker Metrics and DataQuick statistics are subject to change due to individual real estate company reporting disciplines. The information provided herein is from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.