San Francisco Market Update | Q2 2016

San Francisco, CA | web: 0087786

San Francisco Market Update Second Quarter 2016 SAN FRANCISCO BROKERAGE 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700

sothebyshomes.com

All data within this document is pulled from the San Francisco MLS.

A MESSAGE FROM: JEFFREY G. GIBSON Senior Vice President and Brokerage Manager Since 2012, San Francisco’s overall average sales price has shown tremendous growth year over year. With San Francisco leading the charge after the 2008 market recession, available inventory dwindled and sales prices climbed annually throughout the City. However, second quarter 2016 data from the San Francisco Multiple Listing Service reflected that, while the San Francisco real estate market remains vibrant and strong, there has been a shift in direction.

Jeffrey G. Gibson SAN FRANCISCO BROKERAGE 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700

After seeing significant year-over-year gains, the average sales price throughout San Francisco for single-family homes fell slightly, 2.8 percent, decreasing from an average of $1.79 million in the second quarter of 2015, to an average of $1.74 million in the second quarter of 2016. In our review of seven major districts in the City, we found that the average sales price in the second quarter of 2016 for a single-family home decreased in five of them, compared to the second quarter of 2015. In four of the seven districts we analyzed, the average sales price year-over-year for a condominium also saw a decline. Throughout the City, condominiums saw a 2.2 percent drop in average sales price, with the average sales price at $1.36 million in the second quarter of 2015, to an average of $1.29 million in the second quarter of 2016. sothebyshomes.com/sanfrancisco

Q2 TOTAL CLOSED SALES (SINGLE FAMILY HOMES) 760 740

2012

2013

2014

2015

2016

SAN FRANCISCO (TOTAL)

725

746

628

641

635

DISTRICT 1

65

70

57

67

57

DISTRICT 4

110

89

76

94

89

DISTRICT 5

112

111

87

84

90

DISTRICT 6

14

11

11

8

8

DISTRICT 7

41

47

34

31

33

DISTRICT 8

7

8

8

7

6

DISTRICT 9

59

87

56

63

76

720 700 680 660 640 620 600 580 560

2012

2013

2014

2015

2016

Source: SFARMLS - April 1-June 30 each year.

Q2 TOTAL CLOSED SALES (CONDOS) 1200

1000

800

2012

2013

2014

2015

2016

SAN FRANCISCO (TOTAL)

937

961

907

864

731

DISTRICT 1

49

39

48

38

39

DISTRICT 4

17

19

18

14

8

DISTRICT 5

106

154

136

165

102

DISTRICT 6

82

96

77

75

67

DISTRICT 7

89

116

99

64

81

DISTRICT 8

139

163

146

138

128

DISTRICT 9

254

325

345

321

258

600

400

200

0

2012

2013

2014

2015

2016

Source: SFARMLS - April 1-June 30 each year.

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.

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DISTRICT 1

SINGLE FAMILY HOME SALES ABOUT DISTRICT 1 Also known as the Richmond District, District 1 is nestled on the Northwest corner of San Francisco. Home to many distinct neighborhoods, including Jordan Park, Lake, Laurel Heights, Outer Richmond, Central Richmond, Inner Richmond, and Sea Cliff, the district borders both the Golden Gate Park and the Pacific Ocean. In District 1, residents and visitors alike can enjoy some fun in the park, or sit back and gaze upon the vast ocean.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$2,500,000 60

60

$2,000,000 50

50

40

40

30

30

$1,500,000

$1,000,000 20

20

$500,000

10

10

0

$-

2012

2013

2012

2013

2014

Francisco SanSan Francisco

2014

2015

2015

0

2016

2016

2012

District 1 1 District

2013

2014

2015

San Francisco

2016

District 1

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$1,339,816

$1,582,162

$1,607,000

$1,789,237

$1,790,593

0.1 percent

AVERAGE SOLD PRICE

$1,414,815

$1,717,171

$1,838,249

$2,131,682

$1,973,333

-7.4 percent

AVERAGE DAYS ON MARKET

48

37

19

16

26

62.6 percent

TOTAL SINGLE FAMILY HOMES SOLD

65

70

57

67

57

-14.9 percent

SINGLE FAMILY HOMES | Q2

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

4

DISTRICT 1

CONDOMINIUM SALES Q2 MARKET OVERVIEW

Like the rest of San Francisco, the average sales price in District 1 for a single-family home and a condominium fell in the second quarter of 2016, a shift from the significant increases seen in the second quarter since 2012. The average sales price for a single-family home fell 7.4 percent, down from $2.10 million in Q2 2015 to $1.97 million in Q2 2016. The average sales price for a condominium also followed suit, falling from $1.16 million in Q2 2015, to $1.060 million in Q2 2016, an 8.3 percent decrease. Buyers who closed deals on single-family homes in an average of 16 days in Q2 2015 took more time to negotiate, closing their deals in an average of 26 days. Condominiums also remained on the market for a longer period in Q2 2016, with buyers closing those deals in an average of 40 days compared to 26 average days on market in Q2 2015.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

70

$1,200,000

60

$1,000,000

50

$800,000

40

$600,000

30

$400,000

20

$200,000

10

$-

0 2012

2013

San Francisco

2014

2015

2016

2012

2013

2014

San Francisco

District 1

2015

2016

District 1

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$734,193

$833,478

$958,906

$1,038,921

$976,307

-6 percent

AVERAGE SOLD PRICE

$748,927

$889,487

$1,034,760

$1,155,718

$1,059,434

-8.3 percent

AVERAGE DAYS ON MARKET

63

31

38

26

40

52 percent

TOTAL CONDOS SOLD

49

39

48

38

39

2.6 percent

CONDOMINIUMS | Q2

5

DISTRICT 4

SINGLE FAMILY HOME SALES ABOUT DISTRICT 4 District 4, also referred to as West of Twin Peaks, is located in a heavily wooded and picturesque area of San Francisco. District 4 encompasses 16 neighborhoods: Balboa Terrace, Diamond Heights, Forest Hill, Forest Hill Extension, Forest Knolls, Ingleside Terrace, Midtown Terrace, Miraloma Park, Monterey Heights, Mount Davidson Manor, Sherwood Forest, St. Francis Wood, Sunnyside, West Portal, Westwood Highlands and Westwood Park.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

60

60

$2,000,000 $1,800,000

50

50

$1,600,000 $1,400,000

40

40

$1,200,000 $1,000,000 30

30

$800,000

20

20 $600,000 $400,000

10

10

$200,000 $-

0

2012

2013

2012

2013

2014

2014

San Francisco

San Francisco

2015

2015

2016

0

2016

2012

District 4

2013

2014

San Francisco

District 4

2015

2016

District 4

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$990,350

$1,121,938

$1,270,413

$1,428,173

$1,393,853

-2.4 percent

AVERAGE SOLD PRICE

$1,025,727

$1,249,635

$1,448,339

$1,671,064

$1,543,810

-7.6 percent

AVERAGE DAYS ON MARKET

53

33

27

20

25

26.1 percent

TOTAL SINGLE FAMILY HOMES SOLD

110

89

76

94

89

-5.3 percent

SINGLE FAMILY HOMES | Q2

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

6

DISTRICT 4

CONDOMINIUM SALES Q2 MARKET OVERVIEW

For the past few years in District 4, the second quarter yielded a decrease in the number of closed sales, while the average sales price increased. In Q2 2016, the total number of single family homes continued to fall, dropping to 89 units, from 94 units sold in Q2 2015. Despite a decrease in the number of homes sold, the average sales price for a single family home dropped to $1.54 million in Q2 2016, a 7.6 percent decrease from $1.67 million in Q2 2015. The data for condominiums in the district also followed the citywide trend, with a dip in the average sales price and the total number of condominiums sold. On average, a condominium sold for $760,000 in Q2 2016, compared to an average of $797,000 in Q2 2015, a 4.9 percent decrease. The total number of condominiums sold fell 42.9 percent, going from 14 units sold in Q2 2015 to eight units sold in Q2 2016.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000

140

$1,200,000

120

$1,000,000

100

$800,000

80

$600,000

60

40

$400,000

20

$200,000

$-

0

2012

2013

San Francisco

2014

2015

2016

2012

District 4

2013

2014

2015

San Francisco

2016

District 4

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$401,175

$484,437

$547,265

$715,336

$709,750

-0.8 percent

AVERAGE SOLD PRICE

$400,915

$533,632

$606,007

$796,929

$758,125

-4.9 percent

AVERAGE DAYS ON MARKET

121

64

22

35

37

4.9 percent

TOTAL CONDOS SOLD

17

19

18

14

8

-42.9 percent

CONDOMINIUMS | Q2

7

DISTRICT 5

SINGLE FAMILY HOME SALES ABOUT DISTRICT 5 District 5, commonly known as the Central District, is in the geographic center of San Francisco. The sunny region, with its charm and vitality, is popular with both tourists and residents. The district is home to the neighborhoods of Ashbury Heights, Buena Vista Park, Clarendon Heights, Corona Heights, Cole Valley, Castro, Dolores Heights, Duboce Triangle, Glen Park, Haight Ashbury, Noe Valley, Twin Peaks and Mission Dolores.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$3,000,000

60

60 $2,500,000

50

50 $2,000,000 40

40

$1,500,000 30

30

20 $1,000,000

20

10 $500,000

10

0 $-

2012 2012

2013

2014

2013

2014

2015 2015

0

2016

2012

2013

2014

2015

2016

2016

San Francisco

District 5

San Francisco San Francisco

District 5 District 5

SINGLE FAMILY HOMES | Q2

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$1,437,282

$1,532,225

$1,859,011

$2,193,892

$2,195,722

0.1 percent

AVERAGE SOLD PRICE

$1,508,963

$1,705,696

$2,112,283

$2,449,748

$2,313,409

-5.6 percent

AVERAGE DAYS ON MARKET

40

29

20

19

28

44.5 percent

TOTAL SINGLE FAMILY HOMES SOLD

112

111

87

84

90

7.1 percent

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

8

DISTRICT 5

CONDOMINIUM SALES Q2 MARKET OVERVIEW

In the second quarter of 2016, District 5 was one of the few areas that experienced an increase in the number of singlefamily homes sold. The total number of homes sold rose 7.1 percent, up from 84 units sold in Q2 2015 to 90 units sold in Q2 2016. Despite the increase in total sales, the average sales price for a single-family home decreased, much like the rest of the city, from $2.45 million in Q2 2015 to $2.30 million in Q2 2016, a 5.6 percent decline. Condominium sales in District 5 were still benefitting from low inventory in the area. Total condominium sales in the district dropped 38.2 percent, down from 165 units sold in Q2 2015 to 102 units sold in Q2 2016. A lack of inventory in the area may have helped the average sales price rise 2.4 percent, up from $1.28 million in Q2 2015 to $1.30 million in Q2 2016.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000 70

70

$1,200,000 60

60

50 $1,000,000

50

40 $800,000

40

30 $600,000

30

20 $400,000

20

10 $200,000

10

0

$-

0 2012

2013

2012

2013

2014 2014

San Francisco San Francisco

2015 2015

2016 2016

2012

District 5 5 District

2013

2014

2015

San Francisco

2016

District 5

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$795,129

$874,081

$971,870

$1,101,812

$1,200,666

9.0 percent

AVERAGE SOLD PRICE

$829,741

$967,916

$1,103,436

$1,282,151

$1,312,578

2.4 percent

AVERAGE DAYS ON MARKET

49

34

25

20

27

34.8 percent

TOTAL CONDOS SOLD

106

154

136

165

102

-38.2 percent

CONDOMINIUMS | Q2

9

DISTRICT 6

SINGLE FAMILY HOME SALES ABOUT DISTRICT 6 District 6, also referred to as the Central North, is a vibrant area with easy access to public transportation, trendy boutiques, excellent restaurants and gorgeous City views. The neighborhoods that encompass District 6 include Alamo Square, Hayes Valley, Western Addition, Lower Pacific Heights, Anza Vista and North Panhandle (NoPa). Homes vary from stunning mansions and Victorian houses to quaint single family homes and chic condominiums.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$3,000,000 70

$2,500,000

60

50

$2,000,000

40

$1,500,000 30

$1,000,000

20

10

$500,000

0

$-

2012

2013

San Francisco

2014

2015

2012

2013

2014

2015

2016

2016

San Francisco

District 6

District 6

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$2,082,643

$2,009,273

$2,132,727

$2,304,750

$2,415,625

4.8 percent

AVERAGE SOLD PRICE

$2,096,214

$2,149,284

$2,412,476

$2,397,000

$2,456,250

2.5 percent

AVERAGE DAYS ON MARKET

60

34

21

29

54

87.8 percent

TOTAL SINGLE FAMILY HOMES SOLD

14

11

11

8

8

no change

SINGLE FAMILY HOMES | Q2

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

10

DISTRICT 6

CONDOMINIUM SALES Q2 MARKET OVERVIEW

Bucking the trends being set throughout the City, District 6 was one of the few areas that saw an increase in the average sales price for single-family homes and condominiums. The average sales price for a single-family home rose to $2.46 million in Q2 2016, a 2.5 percent increase from an average of $2.40 million in Q2 2015. Condominiums in the district sold for an average of $1.16 million in Q2 2016, a 1.8 percent increase from average of $1.14 million in Q2 2015. The available inventory in the district may have helped increase the average sales price. The total number of single-family homes sold remained flat at eight units sold in Q2 2016, the same number of homes that were sold in the previous quarter. The total number of condominiums fell to 67 units sold in Q2 2016, a 10.7 drop from the 75 units sold in Q2 2015.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000 80

80

70 $1,200,000

70

60

60

50

50

$1,000,000

$800,000

40

40

$600,000

30

30

$400,000 20

20

10

10

$200,000

0 $-

2012

2013 2012

2014 2013

San Francisco San Francisco

2014

2015 2015

0

2016

2012

2013

2014

2015

2016

2016

District 6 6 District

San Francisco

District 6

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$656,646

$792,549

$871,142

$1,015,559

$1,052,092

3.6 percent

AVERAGE SOLD PRICE

$673,556

$853,147

$972,833

$1,136,493

$1,156,785

1.8 percent

AVERAGE DAYS ON MARKET

68

36

34

28

34

24.5 percent

TOTAL CONDOS SOLD

82

96

77

75

67

-10.7 percent

CONDOMINIUMS | Q2

11

DISTRICT 7

SINGLE FAMILY HOME SALES ABOUT DISTRICT 7 District 7, is located in the northernmost region of San Francisco. With the Golden Gate Bridge and the San Francisco Bay to the north and downtown to the east, the district is ideal for both work and recreation.

With beautiful bay views, chic boutiques, and lush parks, residents can find plenty of activities in the Marina, Cow Hollow, Pacific Heights and Presidio Heights.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$8,000,000

$8,000,000

$7,000,000

$7,000,000

$6,000,000

$6,000,000

$5,000,000

$5,000,000

$4,000,000

$4,000,000 30

$3,000,000

$3,000,000

$2,000,000

$2,000,000

$1,000,000

$1,000,000

60

50

40

20

10

$-

0

2012

2013

2014

2015

2016

$-

2012

2012

2013

2013

2014

SanSan Francisco Francisco

2015

2014

2015

2016

2016

District District77

San Francisco

District 7

SINGLE FAMILY HOMES | Q2

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$3,691,656

$4,050,340

$4,385,971

$7,101,306

$5,404,333

-23.9 percent

AVERAGE SOLD PRICE

$3,712,693

$4,115,213

$4,603,332

$7,042,252

$5,610,121

-20.3 percent

AVERAGE DAYS ON MARKET

43

26

45

19

48

148.8 percent

TOTAL SINGLE FAMILY HOMES SOLD

41

47

34

31

33

6.5 percent

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

12

DISTRICT 7

CONDOMINIUM SALES Q2 MARKET OVERVIEW

In District 7 prices were down as the total number of sales rose in the second quarter of 2016 compared to the same time in 2015. The average sales price for a single-family home fell 20.3 percent, down to $5.61 million in Q2 2016 compared to $7.04 million in Q2 2015. The average sales price for a condominium also decreased from $1.94 million in Q2 2015 to $1.74 million in Q2 2016, a 10.3 percent slide year-over-year. The average sales price fell, despite an increase in the number of units sold. The total number of single-family homes sold climbed to 33 units closed in Q2 2016, from 31 units closed in Q2 2015. A total of 81 condominiums were sold in Q2 2016, up from 64 units sold in Q2 2015. More options in the area led buyers to take their time closing deals. A single-family home was sold in an average of 48 days in Q2 2016, compared to an average of 19 days in Q2 2015. Condominiums stayed on the market an average of 21 days in Q2 2015, but that average increased to 29 days in Q2 2016.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$2,500,000

80 70

$2,000,000 60 50

$1,500,000

40 $1,000,000

30 20

$500,000

$-

10 0 2012

2013

San Francisco

2014

2015

2016

2012

District 7

2013

2014

2015

San Francisco

2016

District 7

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$1,149,175

$1,188,857

$1,498,343

$1,771,890

$1,669,593

-5.8 percent

AVERAGE SOLD PRICE

$1,153,862

$1,256,050

$1,598,884

$1,937,300

$1,738,397

-10.3 percent

AVERAGE DAYS ON MARKET

72

44

28

21

29

40.7 percent

TOTAL CONDOS SOLD

89

116

99

64

81

26.6 percent

CONDOMINIUMS | Q2

13

DISTRICT 8

SINGLE FAMILY HOME SALES ABOUT DISTRICT 8 District 8 includes the business and financial center of San Francisco, and serves as a popular tourist destination. Encompassing the skyscrapers of the Financial District, culture and art with the San Francisco Opera and Ballet, and popular locations like Fisherman’s Wharf and Chinatown, the district is truly the heart of the City.

Residential neighborhoods include North Beach, Russian Hill, Nob Hill, Telegraph Hill and North Waterfront.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$5,000,000 100

100 $4,500,000 90

90

$4,000,000 80

80

$3,500,000 70

70

$3,000,000 60

60

$2,500,000 50

50

$2,000,000 40

40

30 $1,500,000

30

20 $1,000,000

20

10 $500,000

10

0

$-

2012

2013

2012

2013

2014 2014

Francisco SanSan Francisco

2015 2015

0

2016 2016

2012

District 8 8 District

2013

2014

2015

San Francisco

2016

District 8

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$3,257,000

$3,573,625

$4,423,494

$2,297,857

$3,654,167

59 percent

AVERAGE SOLD PRICE

$3,178,571

$3,538,750

$4,362,656

$2,589,571

$3,656,667

41.2 percent

40

28

86

17

44

162.5 percent

7

8

8

7

6

-14.3 percent

SINGLE FAMILY HOMES | Q2

AVERAGE DAYS ON MARKET

TOTAL SINGLE FAMILY HOMES SOLD

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

14

DISTRICT 8

CONDOMINIUM SALES Q2 MARKET OVERVIEW

Both the average sales price for a condominium and the total number of condominiums sold in District 8 fell in the second quarter of 2016. Condominiums sold at an average of $1.35 million in Q2 2016, an 11.6 percent decline compared to an average of $1.53 million in Q2 2015. The average sales price fell despite a decrease in the number of units sold. Since 2012, as the total number of units sold declined in Q2 the average sales price increased. The total number of condominiums sold fell from 138 units sold in Q2 2015 to 128 units sold in Q2 2016, but this time the low inventory did not correlate to higher sales prices in the area. In Q2 2015, the average sales price for a single-family home fell to $2.59 million, but rebounded back to $3.66 million in Q2 2016. A total of six single-family homes were sold in Q2 2016, down from seven units sold in Q2 2015.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,800,000

$1,800,000 70

$1,600,000

$1,600,000 60

$1,400,000

$1,400,000

$1,200,000

50 $1,200,000

$1,000,000

40 $1,000,000

$800,000

$800,000 30

$600,000

$600,000 20

$400,000

$400,000

$200,000

10 $200,000

$-

0 2012

2013

San Francisco

2014

2015

2016

$-

2012 2012

2013 2013

20142014

San San Francisco

District 8

2015 2015

2016 2016

District88 District

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$792,071

$1,075,967

$1,238,206

$1,483,931

$1,307,873

-11.9 percent

AVERAGE SOLD PRICE

$786,624

$1,103,634

$1,280,344

$1,528,317

$1,350,932

-11.6 percent

AVERAGE DAYS ON MARKET

56

37

42

34

30

-13.4 percent

TOTAL CONDOS SOLD

139

163

146

138

128

-7.2 percent

CONDOMINIUMS | Q2

15

DISTRICT 9

SINGLE FAMILY HOME SALES ABOUT DISTRICT 9 District 9, the central-eastern portion of San Francisco includes the neighborhoods Bernal Heights, the Central Waterfront/Dogpatch, Inner Mission, Mission Bay, Potrero Hill, South Beach and South of Market (SoMa). The area includes some of the oldest homes in San Francisco, having escaped the 1906 earthquake and fire destruction.

District 9’s real estate includes cottages, bungalows and single-family homes in Bernal Heights and Potrero Hill, and warehouse-converted lofts and condominiums in SoMa, South Beach and Yerba Buena.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,800,000

$1,800,000

$1,600,000

$1,600,000

$1,400,000

$1,400,000

$1,200,000

$1,200,000

$1,000,000

$1,000,000

80 70 60 50 40

$800,000

$800,000

30

$600,000

$600,000

20

$400,000

$400,000

10

$200,000

$200,000 $-

0

2012

2013

2014

2015

2016

$-

2012

2012

2013

2013

2014

San SanFrancisco Francisco

2015

2014

2015

2016

2016

District 99 District

San Francisco

District 9

SINGLE FAMILY HOMES | Q2

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$780,688

$1,000,038

$1,005,230

$1,291,279

$1,360,267

5.3 percent

AVERAGE SOLD PRICE

$827,454

$1,119,346

$1,195,480

$1,574,533

$1,554,173

-1.3 percent

AVERAGE DAYS ON MARKET

55

34

25

20

28

36.5 percent

TOTAL SINGLE FAMILY HOMES SOLD

59

87

56

63

76

20.6 percent

SERVING SAN FRANCISCO, MARIN, THE PENINSULA AND EAST BAY sothebyshomes.com/sanfrancisco

16

DISTRICT 9

CONDOMINIUM SALES Q2 MARKET OVERVIEW

While the rest of the City saw average sales prices decrease, the average sales price remained flat in District 9. Singlefamily homes sold at an average of $1.58 million in Q2 2016, a minor change from an average of $1.55 million in Q2 2015. The average sales price for condominiums also saw a slight increase, up to $1.28 million in Q2 2016 compared to $1.27 million in Q2 2015. Yet, while the average sales price stayed flat, the number of units sold shifted depending on the unit type. Total sales of single-family homes were up to 76 units closed, a 20.6 percent increase from the 63 units closed in Q2 2015. Moving in the opposite direction, the total number of condominiums closed was down 19.6 percent, from 321 units closed in Q2 2015 to 258 units sold in Q2 2016. Both listing types stayed on the market longer in Q2 2016. A single-family home remained on the market an average 28 days in Q2 2016, up from 20 in Q2 2015. The average days on market for a condominium rose from 30 days in Q2 2015 to 41 days in Q2 2016.

AVERAGE SALES PRICE

AVERAGE DAYS ON MARKET

$1,400,000 80

80

70 $1,200,000

70

60 $1,000,000

60 50

50 $800,000

40

40

$600,000 30

30

$400,000 20

20

10 $200,000

10

0

$-

2012

2013

2012

2013

2014 2014

San Francisco San Francisco

2015 2015

0

2016 2016

2012

District 9 9 District

2013

2014

2015

San Francisco

2016

District 9

2012

2013

2014

2015

2016

Percent Change (2016 v 2015)

AVERAGE LIST PRICE

$723,197

$898,150

$1,036,862

$1,200,894

$1,256,509

4.6 percent

AVERAGE SOLD PRICE

$724,689

$925,309

$1,094,887

$1,270,923

$1,275,736

0.4 percent

74

34

27

30

41

37 percent

254

325

345

321

258

-19.6 percent

CONDOMINIUMS | Q2

AVERAGE DAYS ON MARKET

TOTAL CONDOS SOLD

17

SIGNIFICANT SALES | Q2 2016

APTOS | Web: 0474368 | $12,988,000 Seller Represented | San Francisco Brokerage Arthur Sharif 650.804.4770

PACIFIC HEIGHTS | Web: 0087913 | $11,000,000 Seller Represented | San Francisco Brokerage Neil Bassi 415.412.3089, Gregg Lynn 415.901.1780

PRESIDIO HEIGHTS | Web: 0081886 | $10,275,000 Buyer Represented | San Francisco Brokerage Linda S Gordon 415.602.1471

PRESIDIO HEIGHTS | Web: 0087922 | $6,750,000 Seller Represented | San Francisco Brokerage Janet Schindler 415.265.5994

RUSSIAN HILL | Web: 0081926 | $6,300,000 Buyer Represented | San Francisco Brokerage Carrie B. Goodman 415.624.4166

HAYES VALLEY | Web: 0081890 | $6,000,000 Buyer Represented | San Francisco Brokerage Callum Hutchins 415.265.1602

AUCTION CALENDAR JUL | AUG | SEPT 2016

Old Master and British Works on Paper Including drawings from the Oppé Collection London 05-06 July Celebration of the English Watch Part II: John Harrison’s Enduring Discovery London 07 July Victorian, Pre-Raphaelite & British Impressionist Art London 14 July Contemporary Living New York 28 July RM Sotheby’s: Motor City Michigan 30 July

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2016

RM Sotheby’s: Monterey Monterey 19 August A Unique Crystal Magnum Decanter of Special Louis XIII Cognac Engraved with a Map of the Americas & Finest & Rarest Wines New York 09-10 September Asia Week New York 13-17 September Important Jewels New York 22 September Contemporary Curated New York 29 September

CRYSTAL MAGNUM DECANTER OF UNIQUE LOUIS XIII COGNAC AMERICAS EDITION Estimate $100,000+ New York 10 September An Asia and Europe edition were also commissioned and will be offered in Hong Kong on 1 October and in London on 16 November, respectively

ON THE MARKET

left to right from top to bottom:

METROPOLITAN MARKETS NEW YORK, NY | Web: 0138486 | $5,600,000 LOS ANGELES, CA | Web: 0308644 | $5,555,000 HOUSTON, TX | Web: 1233885 | $5,495,000 RESORT MARKETS MONTECITO, CA | Web: 0113991 | $5,950,000 SONOMA, CA | Web: 0244108 | $5,850,000 EAST HAMPTON, NY | Web: 0047323 | $4,995,000 FOREIGN MARKETS ISRAEL | Web: WPKBBF | $5,973,871 THAILAND | Web: 3WLKEC | $5,700,000 IBIZA | Web: RCQ57V | $5,508,569 sothebysrealty.com