Page 1


Table of Contents Letter from the President

Page 4

Regional Market Trends

Page 5

The Luxury Market

Page 8

San Francisco County

Page 12

San Mateo County

Page 16

Marin County

Page 18

Napa County

Page 20

Sonoma County

Page 22

Alameda County

Page 24

Contra Costa County

Page 26

Counties Represented

Napa Sonoma Marin Contra Costa San Francisco

Alameda

San Mateo

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 3 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Letter from the President

Charles Moore President and CEO

Despite Inventory Shortage, Q1 2017 Shows Signs of Market Health At a time when limited inventory and skyrocketing prices have become the norm, Q1 2017 exhibited healthy enough activity to both satisfy sellers and also provide prospective buyers with a bit of optimism. The two main themes this quarter were steady average sales price growth and a slight bump in overall sales volume from the shortcomings witnessed in Q1 2015 and Q1 2016. In relation to sales prices, steady is a key word here: The double-digit percentage hikes that have become commonplace in the Bay Area over the past few years were replaced by a healthier 5 percent overall average sales price gain from Q1 2016. While this number should remain encouraging to sellers, it should also give buyers the perspective that if they can successfully navigate the still-depleted market, they generally won’t be doing so at a time of astronomical price increases. It also comes as a welcome buyer sign that this increase was below the 7.5 percent median list price increase reported nationwide in March. As for the lingering inventory concerns, there’s no denying that availability will continue to factor heavily into market navigation and list prices for the foreseeable future. That said, the 6,260 homes sold this quarter across all seven counties was a subtlebut-encouraging 4 percent year-over-year increase. “Q1 2017 exhibited healthy enough activity to both This activity included more affordable areas like Napa County experiencing its highest Q1 sales satisfy sellers and also provide prospective buyers volume since 2012 and Alameda and Contra Costa Counties up 5 percent and 7 percent in year-overwith a bit of optimism.” year sales volume, respectively. The East Bay luxury sector—as defined by the top 10 percent of homes sold—also saw massive sales volume growth, to the tune of a 66 percent gain year-over-year. As we look toward Q2, a healthy and finally (somewhat) stabilized market should bring more sellers out of the woodwork. Buyers will still have to contend with strong competition and quickening turnover rates. That said, the CALIFORNIA ASSOCIATION OF REALTORS® estimate of a 4.3 percent increase on state median sales price gains for 2017—spelling the lowest forecasted gains in six years—seems reasonable, as does its projection of a modest increase in overall sales. Buyers should also be enthused that the market looks to remain hot—as opposed to blazing—as ongoing growth speaks to a confident return on investment. Lastly, they shouldn’t be intimidated by huge list prices, as sellers are often vastly overshooting (see: the 14 percent loss on list price for sellers who tested the Q1 2017 Mid-Peninsula market). As for sellers, they can simply continue to ride the wave of the most desirable major market in the nation.

Download the complete Quarterly Report at: mcguire.com/quarterly_report * Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 4 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Regional Market Trends The Q1 2017 market remained strong, with sales prices up an average of 5 percent across the seven Bay Area counties that we serve. Adding to the health of these gains was a slight 4 percent uptick on overall sales volume from the severely low tally witnessed a year prior. While homes began to move a bit more rapidly than in quarters past, and inventory remains very low, buyers can take some comfort in the fact that price gains aren’t generally seeing the double-digit percentage gains that became customary in 2015 and 2016. The city’s $1.761 million average home sales price and $1.3 million average condominium sales price were up 4 percent and 5 percent year-over-year, respectively. Both sectors also displayed healthy year-over-year sales volume gains of 9 percent. The only minor factor that seemed out of line with this quarter’s overall trends was the slight rise in the average days on market (DOM) from the previous year. This quarter showed the type of performance that city buyers have been looking for—modest growth in average sales prices, sales volume slightly up, and homes not fleeing the market as rapidly as in the past. The East Bay also exemplified these more general trends of the Bay Area’s first quarter. Alameda County posted its second-highest average sales mark on record, although only at a gain of 7 percent from Q1 2016. In turn, Contra Costa County posted its fourth-highest mark of $718,957—a 5 percent gain year-over-year. These two counties with the highest sales volume totals in the Bay Area also posted year-overyear gains of 5 percent in Alameda and 7 percent in Contra Costa. The East Bay’s average DOM, while in line with recent trends, saw the average home selling in less than four weeks. The North Bay was more scattered in its behavior, but as a whole, these three counties were in line with general first quarter trends. Napa County saw its average sales price drop 9 percent from the previous year. Yet at the same time it witnessed a 16 percent gain in year-overyear sales volume—its highest Q1 figure since 2012. Conversely, Marin and Sonoma Counties saw eye-popping gains in average home sales prices of 13 percent and 12 percent, respectively. These two counties experienced the third-lowest sales volume tallies in the past eight years. The Mid-Peninsula saw a 3 percent gain on average sales price, a speedy 26 DOM average for its seven-figure price range, and its lowest sales volume in seven years. Buyers should expect that last number to swing dramatically upward as sellers jump off the sideline for a busy second quarter of the year.

All REGIONS

$2,000

Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Quantity

Q1 2017

$978,609

38

$518

6,260

change

-3%

3%

4%

-27%

Q4 2016

$1,004,501

37

$499

8,543

Q1 2017

$978,609

38

$518

6,260

change

5%

-4%

7%

4%

Q1 2016

$927,758

39

$486

6,000

Average Sales Price Five Years/Quarter (in thousands)

$1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 0 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

East Bay

North Bay

Mid-Peninsula

San Francisco

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 5 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Regional Market Share The Bay Area netted $6.126 billion in total sales this quarter for its 6,260 homes sold. The East Bay provided 60 percent of all sales and 49 percent of the cash share. The Mid-Peninsula contributed 11 percent of all sales and 18 percent of total cash share. The North Bay claimed 22 percent of all sales and 22 percent of total cash share. San Francisco added 6 percent of all sales and 11 percent of total cash share. None of these numbers were abnormal, although the East Bay’s market dominance was slightly more pronounced than in recent quarters.

6+11+2260A 11+18+2249A Market Share by Unit

Market Share by Volume

San Francisco 6%

San Francisco 11%

Mid-Peninsula 11%

Mid-Peninsula 18%

North Bay 22%

North Bay 22%

East Bay 60%

East Bay 49%

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 6 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Quantity Sold by Price Single-Family Homes North Bay: 1,407 Marin, Napa, Sonoma

East Bay: 3,763 Contra Costa, Alameda

San Francisco: 381

> $5,000,000 < $4,000,000

Mid-Peninsula: 709

< $3,000,000 < $2,000,000 < $1,000,000 > $1,000,000

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 7 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


The Luxury Market Defined by the top 10 percent of an area’s sales, the luxury market showed slightly counterintuitive to trends to those seen in the general market. Here we saw a mix of noticeable average sales price dips combined with some massive upswings in sales volume. Given the smaller size of this data pool—and the fact that many of the Bay Area’s highest-priced homes have already passed through the market—any major gains or losses here shouldn’t be viewed with the same scrutiny one might apply to the general market. The most interesting market activity took place in the East Bay. The region’s average $1.808 million luxury home sale was down 13 percent year-over-year. However, this drop was easily offset by the 376 homes sold up a massive 66 percent from the 227 sales in the previous year. Average DOM was up 17 percent from the previous year and 33 percent from the previous quarter. The combination of these three factors points to an East Bay luxury sector that is at one of its most attractive points for sellers in several years. San Francisco’s $4.77 million average home sale showed no noticeable gain from a year prior. Its 45 luxury home sales were up from the 35 total that occurred in Q1 2016. The average 45 DOM also moved at a 16 percent slower pace compared to the previous year. As was the case in the East Bay, these numbers should encourage buyers looking to navigate the small terrain of San Francisco luxury properties. The Mid-Peninsula’s luxury market experienced slightly different trends during this first quarter of the year, with its $3.948 million average sale down 7 percent year-over-year. Its 71 homes sold in total was also slightly down from the 76 total homes sold last year. Sellers can be reassured that this market is still red-hot, as was evidenced by the 31 DOM average for Mid-Peninsula luxury homes—a 28 percent faster rate than a year prior, and a 47 percent faster rate than in the previous quarter. Finally, the North Bay provided a bit more predictability and stability. Its $2.904 million average home sale was up 9 percent year-over-year, and its 140 total sales were right in line with those of Q1 2016. The average 111 DOM here moved at 12 percent faster rate year-over-year.

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 8 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


SAN FRANCISCO Average Sales Price

Quantity

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$4,769,467

45

34

$1,164

change

-16%

-26%

-29%

26%

Q4 2016

$5,653,904

61

48

$927

Q1 2017

$4,769,467

45

34

$1,164

change

0%

29%

16%

-13%

Q1 2016

$4,790,053

35

29

$1,341

Average Sales Price

Quantity

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$3,948,458

71

31

$1,178

change

-22%

-37%

-47%

1%

Q4 2016

$5,073,058

113

59

$1,169

Q1 2017

$3,948,458

71

31

$1,178

change

-7%

-7%

-28%

-2%

Q1 2016

$4,225,063

76

44

$1,197

Average Sales Price

Quantity

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$2,903,692

140

111

$855

change

11%

-24%

18%

-3%

Q4 2016

$2,614,229

184

94

$879

Q1 2017

$2,903,692

140

111

$855

change

9%

2%

-12%

4%

Q1 2016

$2,663,612

137

126

$820

Average Sales Price

Quantity

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$1,807,935

376

48

$568

change

2%

-26%

33%

2%

Q4 2016

$1,764,081

507

36

$558

Q1 2017

$1,807,935

376

48

$568

change

-13%

66%

17%

4%

Q1 2016

$2,074,758

227

41

$548

MID-PENINSULA

NORTH BAY

EAST BAY

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 9 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Bay Area Luxury Market Share The Mid-Peninsula continued to lead the luxury market in sales volume at 34 percent and cash share at 33 percent during the first quarter of 2017. San Francisco accounted for 20 percent of all sales and a strong 23 percent of cash share. The East Bay contributed 24 percent of all sales and 20 percent of cash share. The North Bayâ&#x20AC;&#x2122;s 22 percent of total sales and 24 percent of cash share were the most common figures in terms of recent trends. In all, the 635 luxury homes sold across the Bay Areaâ&#x20AC;&#x2122;s seven counties accounted for a total of $1.727 billion.

20+34+2224A 23+33+2420A Market Share by Unit

Market Share by Volume

San Francisco 20%

San Francisco 23%

Mid-Peninsula 34%

Mid-Peninsula 33%

North Bay 22%

North Bay 24%

East Bay 24%

East Bay 20%

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 10 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Sales Trends Luxury Homes

Price Range As a Percent of Sales $0-$500K

$500K-$1M

$1M-$2M

Price Per Square Foot

$2M-$3M

$3M-$5M

> $1,000/sqft >= $1,000/sqft >= $900/sqft

$5M+

>= $700/sqft >= $500/sqft

San Francisco Single-Family Homes

Q1 2017 Q4 2016 Q1 2016

< $500/sqft

0%

20%

40%

60%

80%

100%

=+0290460 + 130 + 90 + 30+ =250 +0 +510120 + 80 + 40+ =10+290+470130 + 70 + 30+

29%

25%

1%

46%

13%

51%

29%

9%

12%

47%

8%

13%

7%

3%

3%

3%

Mid-Peninsula 0%

Q1 2017 Q4 2016 Q1 2016

20%

40%

60%

80%

100%

=10350 + 440 + 120 + 60 + 10+ =360 +0 470 + 100 + 40+20+ =10410 + 410 + 100 + +5020+ 1%

35%

44%

36%

1%

41%

12%

47%

10%

41%

10%

6%

5%

5%

1%

2%

2%

North Bay 0%

Q1 2017 Q4 2016 Q1 2016

20%

40%

60%

80%

100%

=270500 + 170 + 30+10+10+ =210+530190 + 40+10+10+ =370410 + 150 + 40+20+10+

28%

21%

50%

53%

38%

41%

17%

3%

1% 1%

19%

4%

1% 1%

15%

4%

2% 1%

East Bay 0%

Q1 2017 Q4 2016 Q1 2016

20%

40%

60%

80%

100%

=270+510200 + 20+ =270+510200 + 15+3+2 =340470 + 170 + 20+3+2 27%

49%

27%

51%

34%

47%

21%

1% .37% .05%

20%

2% .44% 0.02%

17%

2% .3% 0.06%

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 11 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


San Francisco County Single-Family Homes With demand as strong as ever, San Francisco saw its average home sales price of $1.761 million up 4 percent from Q1 2016, and at its fourth-highest peak in market history. Supply remained tight, with only 381 homes selling this quarter. While this sales volume figure was low from a historical standpoint, it was still a 9 percent gain year-over-year. This slight uptick combined with more sellers entering the fray after holding out in Q4 2016 should translate to a wealth of opportunities for prospective buyers with cash in hand as we enter the busy spring season. The average 35 DOM this quarter was very much in line with typical San Francisco sales behavior.

SAN FRANCISCO - SFH Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$1,761,226

35

$877

change

-4%

2%

1%

Q4 2016

$1,833,211

34

$870

Q1 2017

$1,761,226

35

$877

change

4%

15%

2%

Q1 2016

$1,688,739

31

$862

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 12 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


5169+ 62+ 68+ 49+ 73+ 67+ 67+ 45+ 59+ 60+ 65+ 40+ 61+ 57+ 62+ 35+ 61+ 54+ 61+ 38+ Quantity Sold ­— Five Years/Quarter

700 600 500 400 300 200 100 0

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

$1,800 $1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900

48+5752+6458+6865+6870+7770+7785+9075+8284+8880+9088 Average Sales Price Five Years/Quarter (in thousands)

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Sales Price Change

Sellers aggressively tested the market’s ceiling this quarter. For some, the risk played out quite favorably, as those who required no price change netted 14 percent on top of initial list price—a Bay Area high for the quarter. The flipside of the equation was that those who tested the market ended up seeing an 11 percent drop on initial list price—the second-largest downward deviation amongst all seven counties. without price change

with price change

Q1 2017

Sales

14%

-11%

Q1 2016

14%

-8%

Average Sales Price by Neighborhood - The Top 10

As is typical in first quarter of each year, it was difficult gauge San Francisco’s granular area gains due to a dearth of sales. That said, the city’s North side remained extremely strong, with activity including three sales at over $10 million in Presidio Heights and a handful sales at $5 million or above across several parts of the city.

Neighborhood

Q1 2017

Q1 2016

change

Presidio Heights

$8,332,500

$2,800,000

198%

Alamo Square

$7,350,000

N/A

N/A

Pacific Heights

$5,440,833

$6,519,833

-17%

Sea Cliff

$5,375,000

$3,887,500

38%

Cole Valley/Parnassus Hgts

$4,450,000

$2,966,667

50%

North Panhandle

$3,500,000

N/A

N/A

Marina District

$3,260,000

$3,023,750

8%

< $700/sqft

Hayes Valley

$3,250,000

$1,475,000

120%

< $500/sqft

Eureka Valley/Dolores Hgts

$3,045,781

$2,300,000

32%

Buena Vista/Ashbury Hgts

$3,010,000

$3,359,233

-10%

San Francisco Single-Family Home Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 13 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


San Francisco County Condominiums The ongoing strength of San Francisco’s condominium market carried into the start of the year, with its average $1.3 million sales up 5 percent year-over-year, making it the highest figure in city history. This also marked the sixth straight quarter in which city units have averaged more than $1.198 million—illustrating a prolonged pattern of both predictability and strength. This activity occurred while 471 units moved—the highest Q1 figure since 2014 and a 9 percent year-over-year gain. The average 38 DOM showed a slightly slower rate of turnaround than the 34 seen in Q1 2016. All these factors point to a market that, while seller-leaning, is consistent enough to afford opportunities to those willing to make a large investment that shows no signs of depreciation.

SAN FRANCISCO - CONDOMINIUMS Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$1,299,971

38

$1,043

change

6%

-3%

2%

Q4 2016

$1,229,507

39

$1,019

Q1 2017

$1,299,971

38

$1,043

change

5%

11%

0%

Q1 2016

$1,242,147

34

$1,045

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 14 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


4669+ 66+ 58+ 50+ 75+ 69+ 66+ 53+ 71+ 61+ 59+ 46+ 65+ 51+ 59+ 43+ 59+ 56+ 60+ 47+ Quantity Sold ­— Five Years/Quarter

700 600 500 400 300 200 100 0

39+3841+ 46+ 50+4951+525854+ 55+6162+6061+6263+62 +63 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

$1,300 $1,200 $1,100 $1,000 $900 $800 $700

Average Sales Price Five Years/Quarter (in thousands)

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Sales Price Change

The stabilized pricing seen over the past two years has created for a market in which buyers and sellers both have a good idea of what to expect. Those who required no price change netted a healthy 5 percent on top of initial listing and those who tested the market recovered 93 percent of their initial ask. Sales Q1 2017 Q1 2016

without price change

with price change

5%

-7%

6%

-9%

Average Sales Price by Neighborhood - The Top 10

Double digit percentage gains were had in the majority of the city’s condominium sectors. Among the most impressive were year-over year gains of 49 percent in South of Market, 39 percent in the Inner Richmond, and 20 percent in Mission Dolores.

Neighborhood

Q1 2017

Q1 2016

change

Russian Hill

$2,649,306

$2,330,000

14%

Presidio Heights

$2,137,500

$2,312,500

-8%

Financial District

$1,929,167

$1,695,833

14%

Mission Dolores

$1,886,100

$1,575,071

20%

Laurel Heights

$1,787,500

$1,110,000

61%

Pacific Heights

$1,767,253

$1,974,988

-11%

Duboce Triangle

$1,721,250

$1,225,000

41%

< $700/sqft

Alamo Square

$1,683,900

$850,000

98%

< $500/sqft

Noe Valley

$1,568,833

$1,235,135

27%

Inner Richmond

$1,564,167

$1,123,750

39%

San Francisco Condominium Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 15 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


San Mateo County Single-Family Homes The Mid-Peninsulaâ&#x20AC;&#x2122;s high demand and constrained supply led to another quarter of comfortable gains for sellers coupled with limited market movement. The $1.569 million average sale here was up 3 percent yearover-year, and marked the ninth consecutive quarter in which the Mid-Peninsula has topped $1.5 million. As many sellers waited on the sidelines for what looks to be a promising Q2 2017, only 709 homes sold across San Mateo County. This marked the lowest quarterly sales volume tally since 2011. The rapid pace of average 26 DOM further exemplified what a tight and in-demand market we have at hand. While pricing will stay high, buyers should expect a much wider array of options as spring kicks into gear.

SAN MATEO COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$1,569,038

26

$841

change

-5%

-15%

3%

Q4 2016

$1,659,790

30

$816

Q1 2017

$1,569,038

26

$841

change

3%

-8%

5%

Q1 2016

$1,525,064

28

$804

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 16 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


4064+ 53+ 55+ 41+ 65+ 62+ 55+ 41+ 66+ 66+ 55+ 36+ 70+ 69+ 50+ 38+ 63+ 56+ 56+ 37+ Quantity Sold ­— Five Years/Quarter

1400 1200 1000 800 600 400 200 0

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

$1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900

53+45 5652+ 5864+ 6562+ 7274+ 7170+ 7782+ 8078+ 7687+ 8283+ 78 Average Sales Price Five Years/Quarter (in thousands)

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Sales Price Change

Several San Mateo County sellers priced boldly during the first quarter of 2017. While those who required no price change netted 5 percent on top of initial listing, the 14 percent loss on asking price for those who tested the market was the largest drop-off amongst all seven counties. Sales Q1 2017 Q1 2016

without price change

with price change

%

5

-14%

6%

-15%

Average Sales Price by City The Top 10

For the first four months in 2017, the average price per square foot of a single-family home in Burlingame has been at or above $1,000. Furthermore, Burlingame saw its average home sales price rise 6 percent year-over-year. Another impressive figure was the city of San Mateo’s 16 percent gain in average sales price from Q1 2016.

City

Q1 2017

Q1 2016

change

Atherton

$4,771,364

$6,027,462

-21%

Hillsborough

$4,488,158

$4,150,794

8%

Portola Valley

$2,579,731

$2,907,000

-11%

Menlo Park

$2,287,960

$2,264,212

1%

> $1000/sqft

Burlingame

$2,234,552

$2,109,848

6%

< $1000/sqft

Woodside

$2,022,000

$3,842,714

-47%

San Carlos

$1,915,390

$1,748,428

10%

Foster City

$1,757,523

$1,564,368

12%

Redwood Shores

$1,640,000

$1,698,727

-3%

Belmont

$1,627,004

$1,449,058

12%

San Mateo County Single-Family Home Sales Price by Square Foot

< $900/sqft < $700/sqft < $500/sqft

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 17 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Marin County Single-Family Homes Marin County sellers had cause to celebrate in Q1 2017. The $1.568 million average home sale here was the second-highest in market history, and was up 13 percent year-over-year. On the other hand, buyers had to deal with a competitive market in which multiple cash offers and low inventory were prevalent themes. The 331 homes sold—while up 6 percent year-overyear—was the second-lowest quarterly sales volume tally since Q1 2009. Homes also moved quickly, with the 56 DOM average being 14 percent faster than the pace held in Q1 2016. Buyers should expect minimal price growth and a near-twofold increase in overall sales— and more options— as we look to Q2 2017.

MARIN COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$1,568,518

56

$667

change

9%

-6%

5%

Q4 2016

$1,433,891

59

$634

Q1 2017

$1,568,518

56

$667

change

13%

-14%

8%

Q1 2016

$1,390,373

65

$620

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 18 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


4367+ 66+ 59+ 42+ 77+ 70+ 55+ 42+ 76+ 61+ 52+ 37+ 70+ 62+ 51+ 31+ 67+ 50+ 48+ 33+ Quantity Sold ­— Five Years/Quarter

700 600 500 400 300 200 100 0

47+5350+5253+6162+6070+6968+6971+75 +7670+8071+7278 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

$1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900

Average Sales Price Five Years/Quarter (in thousands)

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Sales Price Change

Homes that required no price changed sold at 103 percent of initial list price, while buyers who tested the market netted 90 percent of their initial ask. These were both standard numbers in relation to recent Marin County activity.

Sales Q1 2017 Q1 2016

without price change

with price change

3%

-10%

3%

-11%

Average Sales Price by City The Top 10

Of cities with decent-sized data pools, Kentfield excelled with its 42 percent year-over-year gain. Other notable sales came in the form of a Bay Area high closing at $14.46 million in Kentfield, as well as a $9.5 million sale of the architecturally renowned Sea Dragon Estate in Bolinas. The two properties had spent 199 and 299 days on the market, respectively.

City

Q1 2017

Q1 2016

change

Belvedere

$5,582,000

$3,465,000

61%

Bolinas

$5,145,000

$2,100,000

145%

Ross

$3,455,000

$2,406,250

44%

Kentfield

$3,380,568

$2,382,000

42%

Stinson Beach

$3,083,333

$2,450,000

26%

< $1000/sqft

Tiburon

$2,961,789

$3,477,467

-15%

< $900/sqft

Muir Beach

$2,100,000

$1,273,500

65%

Larkspur

$2,096,000

$1,586,170

32%

Sausalito

$2,033,000

$2,515,500

-19%

Greenbrae

$1,895,688

$1,861,286

2%

Marin County Single-Family Home Sales Price by Square Foot > $1000/sqft

< $700/sqft < $500/sqft

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 19 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Napa County Single-Family Homes Napa County was the only Bay Area County to see a year-over-year average sales price drop, as its $873,923 average sale was down 9 percent from Q1 2016. However, the region’s sellers should not be the least bit concerned. This quarter’s average still ranks within the top five Napa County quarterly averages on record, and comes at a time when the North Bay community is arguably the most desirable alternative to the sevenfigure San Francisco, Marin and San Mateo Counties. The 260 sales this quarter was the highest Q1 figure for Napa County since Q1 2012—a rare gain during a quarter defined partially by severely limited inventory. The average 98 DOM here was a very typical number for the area.

NAPA COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$873,923

98

$425

change

9%

32%

-3%

Q4 2016

$802,983

74

$439

Q1 2017

$873,923

98

$425

change

-9%

-4%

-2%

Q1 2016

$964,164

102

$435

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 20 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


3432+ 3142+ 3836+ 2636+ 3830+ 2134+ 2725+ 3435+ 2722+ 3336+ 3126+ Quantity Sold ­— Five Years/Quarter

500 400 300 200 100 0

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Average Sales Price Five Years/Quarter (in thousands)

$900 $800 $700 $600 $500 $400

50+49 53+ 65+ 52+ 66+ 67+ 68+ 72+ 79+ 83+ 73+ 75+ 78+ 83+ 93+ 96+ 88+ 88+ 80+ 87+ Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Sales Price Change

Sellers generally priced high, with those requiring no price change seeing no gain on list price and those who tested the market recovering 90 percent of their initial asking price.

Sales

without price change

with price change

Q1 2017

-1%

-10%

Q1 2016

-1%

-12%

Average Sales Price by City - The Top 10

With a sizeable data pool of 20-plus sales, St. Helena performed quite well this quarter, showing a 28 percent yearover-year gain. Just over half these sales topped $1 million, with the highest coming in at $3.965 million—amounting to an overall average of $1.883 million.

City

Q1 2017

Q1 2016

change

St. Helena

$1,883,368

$1,469,136

28%

Yountville

$1,273,750

$844,444

51%

Rutherford

$1,041,250

N/A

N/A

Angwin

$965,000

$2,064,971

-53%

Napa

$833,145

$858,670

-3%

< $1000/sqft

Calistoga

$747,140

$2,643,889

-72%

< $900/sqft

Pope Valley

$610,000

$178,000

243%

American Canyon

$528,559

$431,827

22%

N/A

$3,300,000

N/A

Napa County Single-Family Home Sales Price by Square Foot > $1000/sqft

< $700/sqft < $500/sqft

Deer Park

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 21 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Sonoma County Single-Family Homes Sonoma County sellers benefited hugely from being one of the most affordable Bay Area counties at a time when demand is at a premium. The regionâ&#x20AC;&#x2122;s $741,361 average sales price was up 12 percent year-over-year, and amounted to the highest quarterly sales average in market history. Sales volume was down just slightly from the previous year, but the 816 homes sold werenâ&#x20AC;&#x2122;t much of an aberration during a time when sellers were strategically holding out until the busy spring selling season. The average 72 DOM exhibited just a slightly faster pace than the year prior. With wider inventory than the seven-figure markets and sales prices not expected to jump much after a very strong first quarter, buyers should be very excited about Q2 2017 opportunities in Sonoma County.

SONOMA COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$741,361

72

$412

change

3%

7%

5%

Q4 2016

$720,875

67

$391

Q1 2017

$741,361

72

$412

change

12%

-4%

11%

Q1 2016

$661,723

75

$373

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 22 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


6158+ 74+ 71+ 63+ 48+ 70+ 69+ 55+ 44+ 62+ 68+ 56+ 38+ 68+ 63+ 42+ 61+ 61+ 51+ 42+ Quantity Sold ­— Five Years/Quarter

1400 1200 1000 800 600 400 200 0

40+38 4544+ 4746+ 5455+ 59+ 59+ 6058+ 6662+ 6670+ 72+ 74 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Average Sales Price Five Years/Quarter (in thousands)

$650 $600 $550 $500 $450 $400 $350

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Sales Price Change

Sellers priced high, but also within reason of market demand. As such, sales above list price were scarce, although those who tested the market still recovered a comfortable 91 percent of initial asking price. without price change

with price change

Q1 2017

Sales

1%

-9%

Q1 2016

1%

-9%

Average Sales Price by City The Top 10

Of cities with sizable data pools, Sonoma proper saw some of the strongest growth, with its $1.082 million average sale up 21 percent year-over-year. While both Kenwood and Jenner appear to have had massive gains in Q1, both cities did not have a large enough number of sales to accurately justify such market growth.

City

Q1 2017

Q1 2016

change

Penngrove

$1,546,250

$1,037,500

49%

Kenwood

$1,483,421

$846,000

75%

Jenner

$1,387,500

$424,900

227%

Sonoma

$1,082,349

$897,633

21%

Healdsburg

$1,074,385

$1,058,299

2%

< $1000/sqft

Glen Ellen

$1,030,667

$1,101,571

-6%

< $900/sqft

Geyserville

$992,800

$872,500

14%

< $700/sqft

Sebastopol

$885,395

$750,242

18%

The Sea Ranch

$831,854

$732,580

14%

Cotati

$733,450

$558,105

31%

Sonoma County Single-Family Home Sales Price by Square Foot > $1000/sqft

< $500/sqft

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 23 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Alameda County Single-Family Homes As the East Bay remains an incredibly attractive alternative to the higher-priced and lower inventory seven-figure counties, Alameda Countyâ&#x20AC;&#x2122;s $882,664 average sale ranked as its second-highest figure on record. This 7 percent year-over-year gain also marked the eighth consecutive quarter in which the county has surpassed $800,000. Its 1,746 sales in total was up 5 percent from Q1 2016, as well as from Q1 2015. However, those previous quarters were some of the lowest figures of the past decade, giving some grounding to the perceived Q1 2017 gain. The average 27 DOM was a standard number for a county that constantly exhibits some of the fastest turnaround times in the Bay Area.

ALAMEDA COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$882,664

27

$508

change

1%

0%

2%

Q4 2016

$873,681

26

$497

Q1 2017

$882,664

27

$508

change

7%

6%

9%

Q1 2016

$821,108

25

$468

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 24 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


3000 2500 2000 1500 1000 500 0

5981+ 74+ 65+ 46+ 65+ 72+ 63+ 45+ 65+ 72+ 60+ 41+ 73+ 71+ 62+ 42+ 69+ 70+ 61+ 42+ Quantity Sold ­— Five Years/Quarter

43+5154+ 5668+ +66 +797574+ 76+8682+8081+9186+8788 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

$900 $850 $800 $750 $700 $650 $600 $550 $500 $450

Average Sales Price Five Years/Quarter (in thousands)

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Sales Price Change

Sellers generally priced well in Alameda County, with those requiring no change on initial asking price netting an additional 7 percent profit, while sellers who tested the market still recovered 92 percent of their opening ask.

Sales Q1 2017 Q1 2016

without price change

with price change

7%

-8%

7%

-7%

Average Sales Price by City - The Top 10

Highlights included a 15 percent gain in Berkeley and a 16 percent gain in Albany. Oakland also continued its upward surge as its $774,212 average home sale was up 10 percent from Q1 2016.

City

Q1 2017

Q1 2016

change

Piedmont

$2,318,725

$2,468,500

-6%

Sunol

$1,443,500

$1,066,667

35%

Pleasanton

$1,260,760

$1,242,511

1%

Berkeley

$1,256,029

$1,089,815

15%

Albany

$1,117,821

$961,170

16%

Fremont

$1,084,914

$1,057,098

3%

Dublin

$1,065,454

$977,037

9%

Alameda

$1,025,018

$1,001,807

2%

< $700/sqft

Hayward

$927,857

$773,250

20%

< $500/sqft

Emeryville

$861,250

$775,000

11%

Alameda County Single-Family Home Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 25 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


Contra Costa County Single-Family Homes Contra Costa County behaved much like neighboring Alameda County, with stable price gains, slight sales volume growth and rapid sales times. The $718,957 average sale here was up 5 percent year-over-yearâ&#x20AC;&#x201D; good enough for the fourth-highest quarter in county history. The 2,017 homes sold was a 7 percent improvement year-over-year, and also the highest Q1 sales volume total since Q1 2013. This occurred as homes sold in average 29 DOM. All these factors help illustrate one of the healthier and more accessible markets within the entire Bay Area.

CONTRA COSTA COUNTY Average Sales Price

Days on Market

Average Price Per Sq. Ft.

Q1 2017

$718,957

29

$351

change

2%

-3%

0%

Q4 2016

$705,947

30

$349

Q1 2017

$718,957

29

$351

change

5%

-6%

7%

Q1 2016

$685,198

31

$328

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 26 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


2634+ 3025+ 2027+ 2923+ 1827+ 2823+ 1830+ 25+ 2132+ 27+ 20 Quantity Sold — ­ Five Years/Quarter

4000 3000 2000 1000 0

$800 $700 $600 $500 $400 $300

37+ 4647+ 49+ 6263+ 6159+ 6963+ 74+ 7166+ 6876+ 7270+ 72 Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Average Sales Price Five Years/Quarter (in thousands)

Q1‘12 Q2‘12 Q3’12 Q4‘12 Q1‘13 Q2‘13 Q3‘13 Q4‘13 Q1‘14 Q2‘14 Q3‘14 Q4‘14 Q1‘15 Q2‘15 Q3‘15 Q4‘15 Q1‘16 Q2‘16 Q3‘16 Q4‘16 Q1‘17

Sales Price Change

Homes were priced in accordance with buyer expectations, as sellers who required no price change netted just 2 percent on top of initial list price, while those who tested the market recovered a healthy 92 percent of their initial ask.

Sales

without price change

with price change

Q1 2017

2%

-8%

Q1 2016

2%

-7%

Average Sales Price by City - The Top 10

Although Kensington did not have a huge data pool to draw from, there was little deviation in average sales prices that accounted for a 32 percent rise (year-over-year) to $1.12 million. Strong price gains were felt in a majority of communities throughout Contra Costa County, as similar trend which Alameda County also experienced.

City

Q1 2017

Q1 2016

change

Diablo

$3,693,750

$2,319,750

59%

Alamo

$1,790,261

$1,888,528

-5%

Lafayette

$1,622,848

$1,586,324

2%

Orinda

$1,523,767

$1,634,327

-7%

Moraga

$1,381,452

$1,278,575

8%

Danville

$1,373,275

$1,252,237

10%

San Ramon

$1,137,672

$1,087,784

5%

< $700/sqft

Kensington

$1,120,198

$850,000

32%

< $500/sqft

Walnut Creek

$1,104,289

$1,013,519

9%

Point Richmond

$1,031,500

$850,000

21%

Contra Costa County Single-Family Home Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft

* Data is sourced from the San Francisco Multiple Listing Service, the East Bay Region District Listing Service, Bay Area Real Estate Information Services, and MLS Listings (MLS). MLS data is provided by individual listing brokerages. These are sources we deem reliable. We have no reason to doubt their accuracy, but we do not guarantee them. Past performance does not guarantee future performance

Page 27 | McGuire Real Estate Quarterly Report - 1st Quarter 2017


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McGuire Real Estate Quarterly Report | First Quarter 2017  
McGuire Real Estate Quarterly Report | First Quarter 2017  

McGuire’s Quarterly Report for the San Francisco Bay Area Market for the 1st Quarter of 2017 featuring details on the state of the market in...