FOURTH QUARTER 2016
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 - 4th Quarter 2016
Letter from the President
Charles Moore President and CEO
Q4 2016’s Strong Sales & Growing Inventory Offer Optimistic 2017 Outlook In many ways, Q4 2016 was a tale of two halves. The buyer holdout that stretched into mid-November was countered by major action in San Francisco, the Mid-Peninsula and Alameda County—all beneficiaries of pent-up demand caused by the market’s uncertainty regarding the election. As such, a year marked by increased stability in both sales prices and sales volume witnessed a streak of dramatic behavior more in line with what we’d witnessed in previous years. However, once the dust settled a strong and stable market emerged. And so did some valuable insight toward early-2017 market activity. A main story this quarter was the massive movement in the upper-end of the San Francisco and Mid-Peninsula markets. When the economy regulated in the wake of the elections, a noticeable amount of high-seven-figure and eight-figures homes that had been on the market for months were finally absorbed. This activity helped San Francisco to a record quarterly average sales price of $1.833 million, and San Mateo County to its second-highest-ever average sales price of $1.66 million. San Francisco also posted a staggering 25 percent year-over-year gain in its luxury sector—defined by the top ten percent of sales in an area. While these numbers were certainly impressive, there were plenty of signs in more affordably priced areas like Contra Costa, Alameda and Napa Counties that should motivate buyers to move at a quicker pace. Napa County, in particular, saw its average sales price down 13 percent
“Once the dust settled a strong and stable market emerged. And so did some valuable insight toward early-2017 market activity.”
and its total sales volume up by the same margin. While a swing that heavily in favor of buyers shouldn’t last long, it is a signal of a lower-end market that is expected to deliver an influx of new inventory in early 2017. We can also look to reports regarding increased wage growth and continued strong indicators in the tech sector to help support an active real estate market. To this end, California Association of REALTORS® Vice President and Chief Economist, Leslie Appleton-Young recently said, “With the California economy continuing to outperform the nation, the demand for housing will remain robust even with supply and affordability constraints still very much in evidence. The net result will be California’s housing market posting a modest increase in 2017.” Even modest sales growth in 2017 would be a boon to an area that saw six of its seven counties’ sales volume dip due to limited inventory for the fiscal year of 2016. And when one factors in that sales prices are not expected to climb by more than a few percentage points on the year, market health looks even more stable. After all, an easing in the rate of appreciation also signals a more balanced market that allows buyers and sellers to perform due diligence, giving both a strong voice at the negotiating table.
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 - 4th Quarter 2016
Regional Market Trends Much of the market’s activity in Q4 2016 directly correlates to typical patterns we see in an election year. Prior to the election, buyers were generally timid, adhering to the caution expressed in reports of economic uncertainty. Following the election—and once the stock market began to climb—it was a different climate, with the luxury market taking off, sales picking up steadily and record sales prices being set in several Bay Area counties. In the end patterns emerged that showed both a very lucrative outlook for sellers as well as a more prominent place at the negotiating table for buyers. The upper end of the market specifically came alive in San Francisco and the Mid-Peninsula. With a flurry of high-priced sales in the wake of the election, San Francisco posted a record $1.833 million average sale. San Mateo County’s $1.66 million average sale was its secondhighest mark in history and included many top-dollar homes that had been on the market for the better part of the year finally closing. The strength of these numbers was only bolstered by the fact that sales volume also stayed strong, with the Mid-Peninsula up 9 percent year-over-year. To the point of strong sales prices, it should be noted that all four regions posted their highest Q4 numbers in market history. That said, things were a bit more complicated in the North Bay. In direct opposition to San Francisco and the Mid-Peninsula, the affluent area of Marin County saw its $1.434 million average sales price down 5 percent year-over-year, as well as sales volume down 6 percent. Sonoma County’s 15 percent year-over-year average sales price was at an all-time high, but its sales volume dropped by 10 percent. Napa County flipped this pattern, with its average sales price down 13 percent year-over-year, but its sales volume up 13 percent. Much of this North Bay activity can be attributed to erratic behavior during an election cycle, a depleted inventory of high-priced homes in Marin County, and a surplus of affordably priced homes opening up in Napa and Sonoma Counties. Where other markets showed more erratic behavior than what we’ve been accustomed to for the past year, the East Bay played a steady role in the Bay Area marketplace. Contra Costa County and Alameda County average home sale prices were up 6 percent and 9 percent year-over-year, respectively. Each county also stayed within a two percent range of its Q4 2015 sales volume figures. A final trend that existed in these two counties and across much of the Bay Area was average days on market (DOM) rising slightly. If anything, this should signal a playing field that has gravitated more toward buyers over the past year.
All REGIONS
$2,000
Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Quantity
Q4 2016
$1,004,501
37
$499
8543
change
4%
16%
-2%
-11%
Q3 2016
$966,536
32
$510
9640
Q4 2016
$1,004,501
37
$499
8543
change
7%
3%
-7%
0%
Q4 2015
$934,900
36
$535
8572
Average Sales Price Five Years/Quarter (in thousands)
$1,800 $1,600 $1,400 $1,200 $1,000 $800 $600 $400 $200 0 Q4‘11 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
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 - 4th Quarter 2016
Regional Market Share The Bay Area netted a total of $8.581 billion in total sales this quarter. The East Bay provided 58 percent of all sales and 46 percent of the cash share. The Mid-Peninsula contributed 13 percent of all sales and 21 percent of total cash share. The North Bay claimed 22 percent of all sales and 20 percent of total cash share. San Francisco added 7 percent of all sales and 13 percent of total cash share. All of these figures were generally in line with typical sales and cash share ratios for the season.
7+13+2258A 13+21+2046A Market Share by Unit
Market Share by Volume
San Francisco 7%
San Francisco 13%
Mid-Peninsula 13%
Mid-Peninsula 21%
North Bay 22%
North Bay 20%
East Bay 58%
East Bay 46%
* 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 - 4th Quarter 2016
Quantity Sold by Price Single-Family Homes North Bay: 1848 Marin, Napa, Sonoma
East Bay: 4979 Contra Costa, Alameda
San Francisco: 612
> $5,000,000 < $4,000,000
Mid-Peninsula: 1104
< $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 - 4th Quarter 2016
The Luxury Market Defined by the top 10 percent of an area’s sales, the luxury market experienced massive growth in what can best be described as a late-year breakthrough. With election concerns in the rearview and a healthy stock market back in place, high-priced homes moved swiftly in areas like San Francisco and Mid-Peninsula as 2016 came to a close. To the relief of many sellers, this included a bevy of $5 million-plus homes that had spent hundreds of days on the market finally closing. San Francisco’s $5.653 million average home sale was up a massive 25 percent year-over-year, with the bottom-end of this market up $450,000 from where it was in Q4 2015. A 78 percent rise in average DOM from the previous year can be attributed to homes that had been on the market for many months finally finding buyers. This included a $21.8 million home in home that had been on the market for 213 days. The Mid-Peninsula’s $5.073 million average sale was up 10 percent from Q4 2015, and also included a 10 percent gain in sales volume. Atherton continued to be a main driver of gains in this region, with its six eight-figure sales including a Bay Area-high $34.9 million listing that closed in early December after spending 269 DOM. While steady, market activity in the North Bay and East Bay was less remarkable this quarter. Average sales prices in both regions barely moved from a year prior, while sales volume also showed little deviation. This activity should not come as much of surprise as the two regions are home to four of the most affordably priced counties—which is exactly where buyers are turning when they’re looking for luxury market alternatives.
* 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 - 4th Quarter 2016
SAN FRANCISCO Average Sales Price
Quantity
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$5,653,904
61
48
$927
change
28%
15%
8%
-27%
Q3 2016
$4,426,912
53
45
$1,267
Q4 2016
$5,653,904
61
48
$927
change
25%
-10%
78%
-18%
Q4 2015
$4,529,507
68
27
$1,132
Average Sales Price
Quantity
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$5,073,058
113
59
$1,169
change
5%
-3%
38%
1%
Q3 2016
$4,830,344
117
43
$1,157
Q4 2016
$5,073,058
113
59
$1,169
change
10%
10%
20%
4%
Q4 2015
$4,631,811
103
49
$1,120
Average Sales Price
Quantity
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$2,614,229
184
94
$879
change
0%
-14%
11%
4%
Q3 2016
$2,620,227
215
85
$845
Q4 2016
$2,614,229
184
94
$879
change
1%
-3%
-3%
14%
Q4 2015
$2,593,621
189
97
$770
Average Sales Price
Quantity
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$1,764,081
507
36
$558
change
0%
-12%
21%
1%
Q3 2016
$1,764,863
576
30
$554
Q4 2016
$1,764,081
507
36
$558
change
8%
6%
20%
12%
Q4 2015
$1,633,500
479
30
$497
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 - 4th Quarter 2016
Bay Area Luxury Market Share Mid-Peninsula dominated the luxury market, with 35 percent of all sales and 38 percent of total cash share, which equates to approximately $950 million. San Franciscoâ&#x20AC;&#x2122;s impressive Q4 behavior amounted to 24 percent of all sales and 26 percent of cash share. The North Bay posted 20 percent of all sales and 18 percent of cash share. East Bay had a slower quarter in this sector, posting just 22 percent of all sales and 17 percent of cash share. In all, luxury sales for Q4 2016 totaled an impressive $2.503 billion.
24+35+2021A 27+38+1817A Market Share by Unit
Market Share by Volume
San Francisco 24%
San Francisco 26%
Mid-Peninsula 35%
Mid-Peninsula 38%
North Bay 20%
North Bay 18%
East Bay 22%
East Bay 17%
* 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 - 4th Quarter 2016
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
Q4 2016 Q3 2016 Q4 2015
< $500/sqft
0%
20%
40%
60%
80%
100%
=10250 + +510120 + 80 + 30+ =10+290+510120 + 60 + 15+ =290 +0 +520110 + +5030+
25%
1%
29%
51%
29%
12%
51%
8%
12%
52%
11%
6%
5%
3%
1.5%
3%
Mid-Peninsula 0%
Q4 2016 Q3 2016 Q4 2015
20%
40%
60%
80%
100%
=350 +0 470 + 100 + 50 + 20+ =320 +0 +510100 + 40+20+ =10410 + 400 + 100 + 50 + 20+
36%
32%
1%
47%
51%
41%
40%
10%
5%
2%
10%
4%
2%
10%
5%
2%
North Bay 0%
Q4 2016 Q3 2016 Q4 2015
20%
40%
60%
80%
100%
=210+530190 + 40+10+10+ =225+525180 + 40+15+5+ =300+470+17030+20+10+
21%
23%
53%
53%
30%
47%
19%
4%
1% 1%
18%
4%
2% .5%
17% 4%
2% 1%
East Bay 0%
Q4 2016 Q3 2016 Q4 2015
20%
40%
60%
80%
100%
=270+510200 + 20+ =260+510+21015+3+2 =340490 + 160 + 10+ 27%
51%
26%
51%
33%
40%
20%
2%
21%
1.5% .33% 0.03%
16%
1%
* 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 - 4th Quarter 2016
San Francisco County Single-Family Homes A surge in sales of luxury-priced homes in the city gave way to Q4 2016 seeing the highest average home sales price in market history. Its $1.833 million average was up 13 percent year-over-yearâ&#x20AC;&#x201D;or more than $200,000 per sale. The 612 homes sold this quarter was right on pace with the previous fourth quarter, and represented the highest quarterly sales volume of 2016. These strong figures can be partially tied to a resurgent buyer confidence once the financial sector found its footing in mid-November, ending a typical trend of buyer hesitation that exists prior to presidential elections. It might also explain a subtle uptick in the average 34 DOM, as many of the high-priced homes that sold this quarter had been on the market for much of 2016.
SAN FRANCISCO - SFH Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$1,833,211
34
$870
change
14%
0%
2%
Q3 2016
$1,607,697
34
$854
Q4 2016
$1,833,211
34
$870
change
13%
22%
5%
Q4 2015
$1,624,537
28
$829
* 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 - 4th Quarter 2016
6551+ 69+ 62+ 68+ 49+ 73+ 67+ 67+ 45+ 59+ 60+ 65+ 40+ 61+ 57+ 62+ 35+ 61+ 54+ 61+ Quantity Sold — Five Years/Quarter
700 600 500 400 300 200 100 0
Q4‘11 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
$1,800 $1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900
49+4857+5264+5868+6568+7077+7077+8590+7582+8488+8090 Average Sales Price Five Years/Quarter (in thousands)
Q4‘11 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
Sales Price Change
San Francisco homes netted a Bay Area-high 12 percent on top of initial listing when no price change was required. Meanwhile, sellers who tested the market recovered a respectable 91 percent of initial asking price. Sales Q4 2016 Q4 2015
without price change
with price change
12%
-9%
15%
-8%
Average Sales Price by Neighborhood - The Top 10
Pacific Heights and Presidio Heights showed impressive year-over-year gains of 28 percent and 36 percent, respectively. This upward movement in Presidio Heights helped cap a fiscal year in which the area saw a 15 percent gain from 2015.
City
Q4 2016
Q4 2015
change
Pacific Heights
$7,740,469
$6,068,750
28%
Downtown
$7,200,000
N/A
N/A
Sea Cliff
$6,018,333
N/A
N/A
Presidio Heights
$5,835,000
$4,290,000
36%
Cow Hollow
$4,887,500
$5,841,429
-16%
Mission Dolores
$4,800,000
$3,218,750
49%
Russian Hill
$4,445,978
$4,943,200
-10%
< $700/sqft
Marina
$3,943,250
$4,353,698
-9%
< $500/sqft
Lower Pacific Heights
$3,591,667
$2,906,000
24%
Jordan Park
$3,325,000
$3,537,500
-6%
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 - 4th Quarter 2016
San Francisco County Condominiums San Francisco condominiums performed in stable fashion relative to recent activity, with neither the $1.23 million average sale or the 600 units sold showing noticeable deviation from the previous year. This remains one of the more predictable markets, as San Franciscoâ&#x20AC;&#x2122;s average condominium sale has stayed within a price range fluctuating by only $100,000 for the past eight quarters. The average 39 DOM did jump slightly here, which coupled with stabilizing prices, should give buyers a bit more of a say in the negotiating process. The completion of several major condominium projects in late-2016 and early-2017 could also begin to open the market up slightly in favor of buyers.
SAN FRANCISCO - CONDOMINIUMS Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$1,229,507
39
$1,019
change
0%
-3%
-2%
Q3 2016
$1,232,030
40
$1,043
Q4 2016
$1,229,507
39
$1,019
change
-1%
19%
0%
Q4 2015
$1,235,885
33
$1,019
* 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 - 4th Quarter 2016
4546+ 69+ 66+ 58+ 50+ 75+ 69+ 66+ 53+ 71+ 61+ 59+ 46+ 65+ 51+ 59+ 43+ 59+ 56+ 60+ Quantity Sold — Five Years/Quarter
700 600 500 400 300 200 100 0
35+3938+41 +46 +5049+5152+5854+5561+6260+6162+6362+ Q4‘11 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
$1,300 $1,200 $1,100 $1,000 $900 $800 $700
Average Sales Price Five Years/Quarter (in thousands)
Q4‘11 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
Sales Price Change
Units that required no price change netted 5 percent on top initial asking price, while sellers who tested the market recovered a strong 93 percent of initial listing. The balance between these trends would indicate that condominiums are for the most part being priced in accordance with buyer expectations. Sales Q4 2016 Q4 2015
without price change
with price change
5%
-7%
8%
-5%
Average Sales Price by Neighborhood - The Top 10
Presidio Heights finished out a strong fiscal year—up 17 percent from the 2015 fiscal year—with Q4 2016 posting a 43 percent gain in Q4 2016. South of Market, Laurel Heights and Yerba Buena all also posted gains of more than 30 percent from Q4 2015.
City
Q4 2016
Q4 2015
change
Presidio Heights
$2,351,438
$1,639,832
43%
Jordan Lake
$1,995,000
$1,423,333
40%
Yerba Buena
$1,990,888
$1,528,278
30%
Cow Hollow
$1,759,286
$1,940,222
-9%
Russian Hill
$1,682,861
$1,769,656
-5%
Marina
$1,672,389
$1,556,667
7%
South of Market
$1,652,647
$998,408
66%
< $700/sqft
Pacific Heights
$1,621,878
$1,646,235
-1%
< $500/sqft
Alamo Square
$1,605,000
$1,662,500
-3%
Inner Sunset
$1,585,200
$1,266,250
25%
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 - 4th Quarter 2016
San Mateo County Single-Family Homes The Mid-Peninsula’s $1.66 million average home sale was the second-highest in market history, and a 6 percent gain from the previous year. The 1,104 homes sold in San Mateo County was up 9 percent year-over-year. The average 30 DOM represented just a slightly slower pace for the region than what we’ve seen in previous quarters. Similar to San Francisco’s single-family home market, the Mid-Peninsula’s strong figures this quarter can be attributed in part to pentup demand leading up to the November elections, and the windfall of high-priced homes that finally moved once economic forecasts regained stability.
SAN MATEO COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$1,659,790
30
$816
change
2%
16%
0%
Q3 2016
$1,632,925
26
$812
Q4 2016
$1,659,790
30
$816
change
6%
9%
6%
Q4 2015
$1,566,044
28
$771
* 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 - 4th Quarter 2016
3640+ 64+ 53+ 55+ 41+ 65+ 62+ 55+ 41+ 66+ 66+ 55+ 36+ 70+ 69+ 50+ 38+ 63+ 56+ 56+ Quantity Sold — Five Years/Quarter
1400 1200 1000 800 600 400 200 0
Q4‘11 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
$1,700 $1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900
45+46 5356+ 5258+ 6465+ 6272+ 7471+ 7077+ 8280+ 7876+ 8782+ 83 Average Sales Price Five Years/Quarter (in thousands)
Q4‘11 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
Sales Price Change
Homes that required no price change added 3 percent on top initial list price. When sellers tested the market, just 86 percent of their initial asking price was recovered. This last figure should give buyers some optimism about negotiations in the new year. Sales Q4 2016 Q4 2015
without price change
with price change
%
3
-14%
6%
-13%
Average Sales Price by City The Top 10
Atherton, one of the Bay Area’s most affluent enclaves, continued its pattern of growth—with four sales above the $16 million mark and a 9 percent year-over-year gain. Portola Valley also performed well, with a $13.298 million closing and seven additional sales above $2.5 million.
City
Q4 2016
Q4 2015
change
Atherton
$8,315,292
$7,227,000
15%
Hillsborough
$4,471,510
$4,421,010
1%
Portola Valley
$3,023,225
$3,029,258
0%
Menlo Park
$2,374,916
$2,295,988
3%
> $1000/sqft
Burlingame
$2,159,076
$2,080,578
4%
< $1000/sqft
Palo Alto
$2,085,000
N/A
N/A
San Gregorio
$1,920,000
$732,500
162%
Pescadero
$1,828,222
$1,037,229
76%
San Carlos
$1,791,032
$1,657,961
8%
Redwood Shores
$1,680,375
$1,674,970
0%
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 - 4th Quarter 2016
Marin County Single-Family Homes Marin County did experience a bit more buyer hesitation, along with some potential high-end sellers staying on the sidelines, than its luxury counterparts did in San Francisco and Mid-Peninsula. These trends manifested in an average home sales price of $1.434 million that was down 5 percent year-over-year. The 485 homes sold was also down 6 percent from Q4 2015. Meanwhile, the increased average 59 DOM further proved that buyers are biding their time more carefully and taking advantage of a playing field that is continually leveling out. As the first quarter of 2017 quickly gets underway, it would not be surprising to see an increase in high-priced, desirable homes hitting the marketâ&#x20AC;&#x201D;and in turn, average sales prices moving back toward the $1.5 million mark.
MARIN COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$1,433,891
59
$634
change
0%
21%
-4%
Q3 2016
$1,431,607
49
$658
Q4 2016
$1,433,891
59
$634
change
-5%
12%
-2%
Q4 2015
$1,515,679
53
$646
* 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 - 4th Quarter 2016
4443+ 67+ 66+ 59+ 42+ 77+ 70+ 55+ 42+ 76+ 61+ 52+ 37+ 70+ 62+ 51+ 31+ 67+ 50+ 48+ Quantity Sold — Five Years/Quarter
700 600 500 400 300 200 100 0
48+4753+5052+5361+6260+7069+6869+7175+ 76+7080+7172 Q4‘11 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
$1,600 $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 $900
Average Sales Price Five Years/Quarter (in thousands)
Q4‘11 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
Sales Price Change
Homes that required no price change netted 102 percent of initial asking price, while sellers who tested the market recovered 89 percent of their initial offer. While neither of these trends deviate much from past activity in Marin County, it does suggest that things are beginning to swing in favor of buyer-accessibility. Sales Q4 2016 Q4 2015
without price change
with price change
2%
-11%
3%
-10%
Average Sales Price by City The Top 10
Of the cities with sizable data pools, Larkspur and Kentfield saw some of the strongest gains, with year-over-year average sales prices up 14 percent and 11 percent, respectively.
City
Q4 2016
Q4 2015
change
Belvedere
$3,381,909
$3,762,000
-10%
Stinson Beach
$3,250,833
$1,697,143
92%
Ross
$3,012,696
$5,287,500
-43%
Tiburon
$2,749,031
$3,104,293
-11%
Kentfield
$2,638,854
$2,366,813
11%
< $1000/sqft
Sausalito
$2,191,825
$2,110,563
4%
< $900/sqft
Larkspur
$1,945,467
$1,713,393
14%
San Geronimo
$1,807,000
$680,000
166%
Mill Valley
$1,755,215
$1,813,595
-3%
Muir Beach
$1,600,000
$1,338,667
20%
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 - 4th Quarter 2016
Napa County Single-Family Homes Among all seven counties we represent, Napa County displayed what could be considered the most peculiar trends of this fourth quarter. The $802,983 average home sale was down 13 percent year-over-year—its lowest point since Q2 2015. Yet, during this same time sales volume was up a Bay Area-leading 13 percent year-over-year, with a total of 308 homes sold in Napa County for Q4 2016. Furthering these anomalous trends was the county’s average 74 DOM moving 12 percent faster than a year prior. The best way to make sense of all this is to look at Napa County’s relative affordability, along with the fact that its inventory is increasing and many of its highestpriced homes have already left the market. In other words, sellers should not worry about any major devaluation of Napa County properties. It would be very surprising to see the average sales price continue to dip, as lower-priced alternatives to city living have been highly in demand and will continue to be throughout 2017.
NAPA COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$802,983
74
$439
change
-10%
-4%
0%
Q3 2016
$887,718
77
$440
Q4 2016
$802,983
74
$439
change
-13%
-12%
0%
Q4 2015
$928,126
84
$438
* 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 - 4th Quarter 2016
3634+ 3231+ 4238+ 3626+ 3638+ 3021+ 3427+ 2534+ 3527+ 2233+ 3631+ Quantity Sold — Five Years/Quarter
500 400 300 200 100 0
Q4‘11 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
Average Sales Price Five Years/Quarter (in thousands)
$900 $800 $700 $600 $500 $400
49+51 50+ 53+ 65+ 52+ 66+ 67+ 68+ 72+ 79+ 83+ 73+ 75+ 78+ 83+ 93+ 96+ 88+ 88+ 80+ Q4‘11 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
Sales Price Change
Sellers priced realistically this quarter, as homes that required no price change moved right around original asking price, while sellers who tested the market were able to recover 90 percent of their initial listing. Sales
without price change
with price change
Q4 2016
0%
-10%
Q4 2015
-1%
-10%
Napa County Single-Family Home Sales Price by Square Foot > $1000/sqft
Average Sales Price by City - The Top 10
Average sales price gains were hard to find in a quarter that saw many of the county’s most affordable homes leave the market. Over the course of 2016, Angwin, Calistoga and St. Helena proved to be some of the most rapidly gaining areas.
City
Q4 2016
Q4 2015
change
Rutherford
$3,000,000
$3,938,000
-24%
Oakville
$1,835,000
N/A
N/A
St. Helena
$1,679,616
$1,873,341
-10%
Calistoga
$1,174,179
$668,507
76%
Yountville
$1,118,063
$1,948,722
-43%
< $1000/sqft
Napa
$719,728
$879,647
-18%
< $900/sqft
Deer Park
$605,000
$600,000
1%
American Canyon
$494,867
$446,167
11%
Pope Valley
$449,500
$179,000
151%
Angwin
$255,000
$665,000
-62%
< $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 21 | McGuire Real Estate Quarterly Report - 4th Quarter 2016
Sonoma County Single-Family Homes Sonoma County posted a Bay Area-high 15 percent year-over-year gain on average sales price. This quarterâ&#x20AC;&#x2122;s average sales price of $720,875 was also the highest figure in county history, and the thirdconsecutive quarter in which Sonoma County had topped the $700,000 mark. North Bay activity was somewhat scattered this quarter, therefore its record average sales price came a 10 percent drop-off in sales volume, with a total of 1,055 homes sold. Both of these figures, along with an average 67 DOM, can be tied to limited inventory within the county. These trends should not come as a surprise and should continue to with some degree of predictability in 2017, as Sonoma County remains the most affordable of all seven Bay Area counties we serve.
SONOMA COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$720,875
67
$391
change
2%
11%
-1%
Q3 2016
$703,838
61
$395
Q4 2016
$720,875
67
$391
change
15%
5%
5%
Q4 2015
$627,061
64
$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 - 4th Quarter 2016
6361+ 58+ 74+ 71+ 63+ 48+ 70+ 69+ 55+ 44+ 62+ 68+ 56+ 38+ 68+ 63+ 42+ 61+ 61+ 51+ Quantity Sold — Five Years/Quarter
1400 1200 1000 800 600 400 200 0
38+41 4045+ 4447+ 4654+ 55+ 59+ 5960+ 5866+ 6266+ 70+ 72 Q4‘11 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
Average Sales Price Five Years/Quarter (in thousands)
$650 $600 $550 $500 $450 $400 $350
Q4‘11 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
Sales Price Change
Homes were generally priced in accordance with what buyers were looking to spend, as homes that required no price change closed just above their initial asking price and sellers who tested the market were able to recover 92 percent of their initial listing. without price change
with price change
Q4 2016
Sales
1%
-8%
Q4 2015
0%
-9%
Average Sales Price by City The Top 10
Glen Ellen and Healdsburg posted year-over-year gains of 48 percent and 34 percent, respectively. Glen Ellen also ended the fiscal year up 44 percent on the average home sale, while Healdsburg was up a still-impressive 16 percent over the previous fiscal year.
City
Q4 2016
Q4 2015
change
Glen Ellen
$1,922,182
$1,299,960
48%
Occidental
$1,199,747
$719,380
67%
Healdsburg
$1,124,750
$840,406
34%
Penngrove
$1,031,250
$750,200
37%
Geyserville
$1,004,000
$957,274
5%
< $1000/sqft
Sebastopol
$991,946
$819,754
21%
< $900/sqft
Bodega Bay
$924,136
$842,739
10%
< $700/sqft
Kenwood
$922,500
$1,691,333
-45%
Sonoma
$914,359
$1,001,582
-9%
The Sea Ranch
$861,741
$812,133
6%
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 - 4th Quarter 2016
Alameda County Single-Family Homes Alameda County saw its floodgates open in terms of high-end sales following the 2016 election much like San Francisco and Mid-Peninsula. The $873,681 average home sale here was up 9 percent year-overyear, amounting to the second-highest average sales price in market history. Q4 2016 also marked the seventh-consecutive quarter in which Alameda County bested the $800,000 mark, providing a strong and stable selling platform for 2017. The 2,438 homes sold here was down just 2 percent from the previous yearâ&#x20AC;&#x201D;nowhere near a large enough gap to offset the quarterâ&#x20AC;&#x2122;s massive average sales price gains. As in most Bay Area counties, the average 26 DOM here marked a subtle slowing of sales pace.
ALAMEDA COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$873,681
26
$497
change
1%
28%
1%
Q3 2016
$863,702
21
$495
Q4 2016
$873,681
26
$497
change
9%
7%
6%
Q4 2015
$803,605
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 - 4th Quarter 2016
3000 2500 2000 1500 1000 500 0
6759+ 81+ 74+ 65+ 46+ 65+ 72+ 63+ 45+ 65+ 72+ 60+ 41+ 73+ 71+ 62+ 42+ 69+ 70+ 61+ Quantity Sold — Five Years/Quarter
45+4351+54 +5668+ 66+ 79+7574+7686+8280+8191+8687 Q4‘11 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
$900 $850 $800 $750 $700 $650 $600 $550 $500 $450
Average Sales Price Five Years/Quarter (in thousands)
Q4‘11 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
Sales Price Change
Homes that required no price change netted 107 percent of initial asking price. This was the strongest gain among all seven Bay Area counties. Meanwhile, when sellers tested the market they were able to recover 93 percent of their initial listing. Both of these figures point to a market that is squarely in favor of sellers at the moment. Sales Q4 2016 Q4 2015
without price change
with price change
7%
-7%
7%
-6%
Average Sales Price by City - The Top 10
Piedmont capped a year of strong upward growth with a $2.15 million average home sales price, up 14 percent from Q4 2015. Oakland also showed an impressive 11 percent gain—very much in line with its 10 percent gain for the 2016 fiscal year.
City
Q4 2016
Q4 2015
change
Piedmont
$2,150,143
$1,881,056
14%
Sunol
$1,949,667
$1,300,000
50%
Berkeley
$1,269,275
$1,175,804
8%
Pleasanton
$1,244,234
$1,209,410
3%
Fremont
$1,030,986
$943,116
9%
Alameda
$1,013,499
$1,030,420
-2%
Albany
$1,003,213
$997,175
1%
Dublin
$983,409
$915,656
7%
< $700/sqft
Union City
$809,295
$747,025
8%
< $500/sqft
Castro Valley
$789,733
$728,062
8%
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 - 4th Quarter 2016
Contra Costa County Single-Family Homes Contra Costa County closed out the year in strong and steady fashion, with both its average home sales price and total sales volume up from Q4 2015. Specifically, this quarterâ&#x20AC;&#x2122;s average home sales price of $705,947 was up 6 percent year-over-year, and the Bay Area-leading 2,541 sales in Contra Costa County represented its highest fourth quarter figure since Q4 2011. Turnover remained fast at an average of 30 DOM. As inventory continues to open up in 2017, more of this strong and steady behavior can be expected.
CONTRA COSTA COUNTY Average Sales Price
Days on Market
Average Price Per Sq. Ft.
Q4 2016
$705,947
30
$349
change
-3%
25%
-2%
Q3 2016
$724,713
24
$356
Q4 2016
$705,947
30
$349
change
6%
0%
5%
Q4 2015
$663,647
30
$332
* 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 - 4th Quarter 2016
2826+ 3430+ 2520+ 2729+ 2318+ 2728+ 2318+ 30+ 2521+ 32+ 27 Quantity Sold — Five Years/Quarter
4000 3000 2000 1000 0
$800 $700 $600 $500 $400 $300
37+41 46+ 47+ 4962+ 6361+ 5969+ 63+ 7471+ 6668+ 7672+ 70 Q4‘11 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
Average Sales Price Five Years/Quarter (in thousands)
Q4‘11 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
Sales Price Change
Contra Costa County was perhaps the most accurately priced Bay Area county this quarter in terms of a middle-ground between buyer and seller expectations. Homes that required no price change netted just 2 percent on top of initial asking price, and sellers who tested the market lost only 7 percent of their initial listing. Sales
without price change
with price change
Q4 2016
2%
-7%
Q4 2015
2%
-7%
Average Sales Price by City - The Top 10
El Cerrito performed very well this quarter, with its $871,523 average home sales price up 18 percent year-over-year. This capped a fiscal year in which the city of roughly 24,000 residents saw its average home sale up 9 percent from 2015—making it one of Contra Costa County’s strongest year-round performers. Kensington and Pleasanton also posted double-digit year-overyear gains for Q4 2016.
City
Q4 2016
Q4 2015
change
Alamo
$1,850,908
$1,995,754
-7%
Orinda
$1,570,906
$1,278,940
23%
Diablo
$1,522,000
$1,800,000
-15%
Danville
$1,326,459
$1,267,632
5%
Lafayette
$1,322,195
$1,409,199
-6%
Moraga
$1,236,736
$1,303,028
-5%
Kensington
$1,178,704
$1,075,833
10%
< $700/sqft
Walnut Creek
$1,060,972
$1,021,354
4%
< $500/sqft
San Ramon
$1,058,720
$1,021,103
4%
$871,523
$740,850
18%
Contra Costa County Single-Family Home Sales Price by Square Foot > $1000/sqft < $1000/sqft < $900/sqft
El Cerrito
* 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 - 4th Quarter 2016
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