Peninsula Market Update - Q3 2017

Q3 | 2017

The Peninsula

Market Update

LOS ALTOS HILLS

Modern Masterpiece | Offered at $18,000,000 sothebyshomes.com/0088476

CORONA HEIGHTS

Contemporary Masterpiece Last Asking $3,950,000

a message from

Jeffrey Gibson

San Francisco Brokerage Manager Sotheby’s International Realty is the Bay Area leader in luxury real estate. Every day we are honored and excited to represent properties in San Francisco, Marin County, and the Peninsula and to share these exceptional homes with a global audience.

The Sotheby’s International Realty - San Francisco brokerage is driven by the passion and expertise of our exceptional independent sales associates who combine an unmatched depth of knowledge of Bay Area markets with a proven track record of success. In a city where property values, like local microclimates, vary block by block, Sotheby’s International Realty agents provide critical insights to both buyers and sellers. It shows in the results: our agents achieved a market-leading average sales price of $2.3 million while producing an incredible $12.2 million in transactions per agent.

Our incomparable resources have allowed Sotheby’s International Realty to become synonymous with luxury home sales in the Bay Area. Yet, regardless of price level, all clients receive the same exceptional level of service. If Sotheby’s International Realty may be of service to you in the sale or purchase of residential property in the Bay Area or around the world, please contact me at +1 415 296 2200 so I may personally introduce you to a local expert.

SAN FRANCISCO BROKERAGE

Jeffrey Gibson, Senior Vice President & Brokerage Manager 117 Greenwich Street | San Francisco, CA 94111 | 415.901.1700 sothebyshomes.com/sanfrancisco *Source: San Francisco Multiple Listing Service (SFMLS), for 12 months ending 9/30/17 for the entire Bay Area. All data within this document is pulled from the San Francisco MLS. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. SIR CalBRE#: 899496

BAY AREA

Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/ SANF RAN C IS C O

SOUTH BEACH

Chic Urban Oasis | Offered at $2,448,000 sothebyshomes.com/0088671

PESCADERO

Price Upon Request sothebyshomes.com/0088790 PACIFIC HEIGHTS

Offered at $11,550,000 sothebyshomes.com/0088754 RUSSIAN HILL

Offered at $3,250,000 sothebyshomes.com/0088539 SOMA

Offered at $3,195,000 sothebyshomes.com/0088663 *in order from left to right, top to bottom

sothebyshomes.com/sanfrancisco

The Peninsula

Market Snapshot

ASP vs Units sold

Volume

$5M and Up

Up to $1M

$1,600,000

1800

$1,400,000

1600 1400

$1,200,000

$3M - $5M

1200

$1,000,000

1000 $800,000 800 $600,000

$1M - $3M

600

$400,000

400

$200,000

200

$-

0

2013 2014 2015 2016 2017

Sales Volume by Price Category 12 % 58 % 17 % 12 %

Median Sale Price vs. Total Units Sold

Under $1 Million

Median Sale Price

$1 Million to $3 Million

Total Units Sold

$3 Million to $5 Million Over $5 Million

Q3 2017 Highlights

The Peninsula

10.0%

$5M and Up

8.0%

Total Units $3M - $5M

6.0%

Up to $1M 4.0%

2.0%

0.0%

$1M - $3M

-2.0%

Final Sale vs.

Original List -3 % 9% -3 % 5% 4% -2 %

Atherton Burlingame Hillsborough Los Altos Hills

Woodside

Menlo Park

Los Altos Hills

Hillsborough

Burlingame

Atherton

-4.0%

Total Units Sold

by Price Category 399 968 122 45

Under $1 Million $1 Million to $3 Million $3 Million to $5 Million Over $5 Million

Menlo Park Woodside

Q3 Highlights

/ The Peninsula Q3 Market Update

at a glance {Q3 | 2017}

atherton

22

%

Change in Median Sale Price {2017 vs. 2016}

100

%

Change in Units Sold {2017 vs. 2016}

16 Units Sold

5

$ m Median Sale Price

Atherton Single Family Homes Sales

Sales Volume

Total Units Sold

by Price Category

Up to $1M

Up to $1M

by Price Category Total Volume Area Page

$1M $3M

$1M - $3M

units sold - Area Page

Q3

$5M and up

$5M and up

$3M - $5M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

22%

100%

-8%

-

-54%

$3M - $5M

{2017 vs. 2016}

Change 2017

$4,950,000 16

$1,382

-3%

57

2016

$4,069,375

$1,502

-6%

124

2015

$4,850,000 21

$1,302

2%

38

2014

$4,675,000

22

$1,165

-2%

59

2013

$3,475,000

22

$970

-4%

76

8

Median Sale Price | Total Units Sold

$6,000,000

25

$5,000,000

20

$4,000,000

15

$3,000,000 10

$2,000,000

5

$1,000,000

0

$-

2013

2014

Median Selling Price

2015

2016

2017

Total Units Sold

Atherton

/ The Peninsula Q3 Market Update

Burlingame

Single Family Home Sales

Sales Volume

Total Units Sold

by Price Category

Total Volume Area Page

by Price Category

$5M and up $5M and up

Up to $1M $3M $5M

$3M - Up to $5M $1M

units sold - Area Page $1M - $3M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

-28%

55%

4%

-

-9%

2017

$1,400,000

62

$1,034

9%

15

2016

$1,937,500

40

$998

5%

17

2015

$1,925,000

45

$969

7%

14

2014

$1,600,000

65

$805

2%

23

2013

$1,516,500

62

$731

3%

28

Q3 {2017 vs. 2016}

Change

Median Sale Price | Total Units Sold 70

$2,500,000

60

$2,000,000

50 $1,500,000

40

$1,000,000

30 20

$500,000

10

$-

0

2013

2014

Median Selling Price The Peninsula Q3 Market Update / Burlingame

2015

2016

Total Units Sold

2017

at a glance {Q3 | 2017}

burlingame

-28

%

Change in Median Sale Price {2017 vs. 2016}

55

%

Change in Units Sold {2017 vs. 2016}

62 Units Sold

1.4m

$

Median Sale Price

at a glance {Q3 | 2017}

hillsborough

-13

%

Change in Median Sale Price {2017 vs. 2016}

17

%

Change in Units Sold {2017 vs. 2016}

27 Units Sold

3.7m

$

Median Sale Price

Hillsborough Single Family Homes Sales

Sales Volume

Total Units Sold

by Price Category

Total Volume Area Page

by Price Category

Up to $1M

Up to $1M $1M $3M

$1M - $3M

$5M and up

units sold $5M and up - Area Page $3M - $5M

$3M - $5M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

-13%

17%

-1%

-

146%

2017

$3,700,000

27

$1,024

-3%

88

2016

$4,250,000 23

$1,033

-3%

36

2015

$3,929,000

38

$999

1%

57

2014

$2,847,500

34

$815

-2%

50

2013

$3,359,000

38

$856

-3%

65

Q3 {2017 vs. 2016}

Change

Median Sale Price | Total Units Sold

$4,500,000

40

$4,000,000

35

$3,500,000

30

$3,000,000

25

$2,500,000

20

$2,000,000

15

$1,500,000

10

$1,000,000

5

$500,000

0

$-

2013

2014

Median Selling Price

2015

2016

2017

Total Units Sold

Hillsborough

/ The Peninsula Q3 Market Update

Los Altos Hills Single Family Home Sales

Sales Volume

Total Units Sold

by Price Category

Total Volume Area Page

by Price Category $5M and up

Up to $1M

Up to $1M

$5M and up

$3M $5M

units sold - Area Page

$1M - $3M $3M - $5M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

25%

5%

9%

-

-16%

2017

$3,025,000

67

$1,237

5%

19

2016

$2,417,750

64

$1,140

1%

23

2015

$2,865,000 78

$1,150

8%

18

2014

$2,405,500

62

$994

6%

17

2013

$2,105,000

86

$867

3%

25

Q3 {2017 vs. 2016}

Change

Median Sale Price | Total Units Sold

$3,500,000

100 90

$3,000,000

80

$2,500,000

70 60

$2,000,000

50

$1,500,000

40 30

$1,000,000

20

$500,000

10

$-

0

2013

2014

Median Selling Price The Peninsula Q3 Market Update / Los Altos Hills

2015

2016

Total Units Sold

2017

at a glance {Q3 | 2017}

los altos hills

25

%

Change in Median Sale Price {2017 vs. 2016}

5

%

Change in Units Sold {2017 vs. 2016}

67 Units Sold

3

$ m Median Sale Price

at a glance {Q3| 2017}

menlo park

30

%

Change in Median Sale Price {2017 vs. 2016}

36

%

Change in Units Sold {2017 vs. 2016}

60 Units Sold

2.2m

$

Median Sale Price

Menlo Park Single Family Homes Sales

Sales Volume

Total Units Sold

by Price Category

Total Volume Area Page

by Price Category

$5M and up

Up to $1M

$3M - $5M

Up to $1M

$5M and up $3M - $5M

units sold - Area Page

$1M - $3M

$1M - $3M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

30%

36%

18%

-

-24%

2017

$2,207,500

60

$1,271

4%

22

2016

$1,695,000

44

$1,076

0%

30

2015

$2,200,000 85

$1,137

5%

21

2014

$1,862,500

100

$935

4%

24

2013

$1,525,000

82

$828

2%

29

Q3 {2017 vs. 2016}

Change

Median Sale Price | Total Units Sold

120

$2,500,000

100

$2,000,000

80

$1,500,000

60 $1,000,000

40

$500,000

20

$-

0

2013

2014

Median Selling Price

2015

2016

2017

Total Units Sold

Menlo Park

/ The Peninsula Q3 Market Update

Woodside Single Family Home Sales

Sales Volume

Total Units Sold

by Price Category

Total Volume Area Page

by Price Category Up to $1M

$5M and up

units sold - Area Page $1M - $3M

Up to $1M

$3M - $5M

$5M and up

$1M - $3M

$3M - $5M

Median Sale Price

Total Units Sold

Average Price Per Sq. Ft.

Final Sale vs.

Original List

Average Days on Market

64%

91%

-10%

-

-40%

2017

$2,450,000

21

$1,128

-2%

52

2016

$1,498,000

11

$1,260

-7%

87

2015

$3,200,000 23

$1,102

0%

35

2014

$2,075,000

29

$843

-6%

69

2013

$1,772,500

18

$850

-3%

63

Q3 {2017 vs. 2016}

Change

Median Sale Price | Total Units Sold

$3,500,000

35

$3,000,000

30

$2,500,000

25

$2,000,000

20

$1,500,000

15

$1,000,000

10

$500,000

5

$-

0

2013

2014

Median Selling Price The Peninsula Q3 Market Update / Woodside

2015

2016

Total Units Sold

2017

at a glance {Q3 | 2017}

woodside

64

%

Change in Median Sale Price {2017 vs. 2016}

91

%

Change in Units Sold {2017 vs. 2016}

21 Units Sold

2.5m

$

Median Sale Price

THE PENINSULA

Extraordinary Results We celebrate the notable success of our associates and clients

BURLINGAME

Remodeled California Tudor Last Asking $2,895,000

PORTOLA VALLEY

Sierra Vista House Last Asking $4,750,000 SARATOGA

New Contemporary Home Last Asking $3,995,000 SAN MATEO

Updated California Bungalow Last Asking $1,750,000 FOSTER CITY

Exceptional Home Last Asking $1,750,000 *in order from left to right, top to bottom

sothebyshomes.com/sanfrancisco

Flawless.

Exceptional Diamonds. Curated by Sotheby’s.

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