Page 1

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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McGuire Real Estate Quarterly Report | Fourth Quarter 2016  

McGuire's Quarterly Report for the San Francisco Bay Area Market for the 4th Quarter of 2016 featuring details on the state of the market in...