STINSON BEACH MARKET REPORT 2017
PRESENTED BY THE SHERFEY GROUP
Simply put, 2017 saw substantially fewer real estate transactions in Stinson Beach. The volume of sales in 2017 was down 37.5% from the previous year. Out of 725 properties, just 20 sold, compared to 33 in 2016. Interestingly, however, the average price per square foot increased by 11%. Most importantly, while sales inventory was down this last year, the inventory of buyers remains strong, with our clients hopeful that Spring and Summer of 2018 will bring new listings.
In 2017, the Sherfey Group saw a large increase in the number of properties sold on the Patios and Calles, with a total of five (compared to just one sale in 2016). These listings had an average sales price of $1,488,400. The Hill and Panoramic neighborhoods had four sales, with an average price of $2,600,000. In Seadrift, three Inner Lagoon homes sold for an average price of $2,425,000, two Bolinas Lagoon homes sold for an average price of $3,800,000, and three Oceanfront properties sold for an average price of $5,258,333.
Despite the lower sales volume, the Sherfey Group continued to grow in 2017. In addition to our transactions in Stinson, we interviewed for number of listings in Bolinas, completed our first sale in Inverness and concluded a modest but lovely office remodel. If you weren’t already aware, we share office space with Highway One Properties, at 3605 Shoreline Hwy.
2017 was also a growth year for Decker Bullock Sotheby’s International Realty. The company rebranded as Golden Gate Sotheby’s International Realty (GGSIR), following brokerage acquisitions in both Silicon Valley and the East Bay. Now with 20 offices and 425 agents across the region, GGSIR is well positioned to be the number one brokerage in the Bay Area. Most importantly for you, this growth allows us to seamlessly network with these top producing agents and their clients which ensures you get the best representation possible.
Finally, year after year, Stinson Beach remains the premier real estate destination for the greater Bay Area. The natural beauty allows everyone to escape their busy lives, gain inspiration and appreciate the simple life. We feel incredibly lucky to live and work in this beautiful coastal community unlike anywhere else. As you and your family consider your real estate needs in Stinson Beach, we hope you will consider us. We’re local agents, in a local office, with a global reach.
THE SHERFEY GROUP
Golden Gate Sotheby’s International Realty
3605 Shoreline Hwy. Stinson Beach, California Office: 415.868.0288 | Cell: 415.203.2648
www.thesherfeygroup.com
SEASIDE
B O L I N A S L
ESCAPES
SEADRIFT OCEANFRONT
15% increase in price per square foot
$6,275,000 highest sale 3 total units sold 120 total unit inventory $5,045,000 avg list price $5,258,333 avg sale price
1,870 avg sq ft $2,971 avg price sq ft 54 avg days on mkt
2017
2017 $2,750,000 highest sale 3 total units sold 176 total unit inventory $2,416,667 avg list price $2,425,000 avg sale price 1,612 avg sq ft $1,525 avg price sq ft 22 avg days on mkt
decrease in total # of homes sold
SEADRIFT LAGOON 57%
NEIGHBORHOOD 2000 2001 2002 2003 2004 2005 2006 Seadrift Oceanfront No. Sold 2 0 1 3 5 6 5 Seadrift Oceanfront Ave Sale Price $3,350,500 - $2,500,000 $3,083,333 $4,205,000 $3,920,833 $4,010,000 $3,737,500 Seadrift Inner Lagoon No. Sold 4 1 5 8 5 11 6 Seadrift Inner Lagoon Avg. Sale Price $1,186,250 $1,422,500 $1,428,400 $1,200,000 $1,379,400 $1,620,455 $1,972,500 $2,061,167 Seadrift Inner Lagoon LOT No. Sold 2 0 5 1 0 0 2 Seadrift Inner Lagoon LOT Avg. Sale Price $512,000 - $664,400 $725,000 - - $887,500 $700,000 Seadrift Bolinas Lagoon No. Sold 0 0 0 0 3 0 1 Seadrift Bolinas Lagoon Avg. Sale Price - - - - $2,865,000 - $2,812,500 Patios / Calles Oceanfront No. Sold 1 0 0 1 1 1 0 Patios / Calles Oceanfront Avg. Sale Price $2,600,000 - - $950,000 $2,037,500 $3,225,000 - $1,926,666 Patios / Calles Non-Oceanfront No. Sold 1 1 4 4 2 8 7 Patios / Calles Non-Oceanfront Avg. Sale Price $1,295,000 $1,350,000 $673,000 $815,500 $810,000 $1,021,983 $902,536 $1,104,600 Hill/ Panoramic No. Sold 5 3 1 5 4 2 5 Hill/ Panoramic Avg. Sale Price $1,056,010 $818,333 $550,000 $1,171,200 $1,106,500 $1,540,000 $1,147,000 $791,500 Village No. Sold 0 2 0 1 1 0 1 Village Avg. Sale Price - $1,367,500 - $915,000 $875,000 - $1,300,000 Total Properties Sold 15 7 16 23 21 28 27 STINSON BEACH SALES 2000-2017
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 4 4 0 2 4 4 2 6 2 4 3 $4,010,000 $3,737,500 $5,164,125 - $3,527,500 $3,962,500 $4,550,000 $3,700,000 $5,056,000 $6,333,750 $6,154,500 $5,258,333 6 6 0 2 2 3 12 6 5 7 3 $1,972,500 $2,061,167 $2,225,667 - $2,262,500 $1,620,000 $1,508,333 $1,820,027 $2,228,438 $2,244,550 $2,855,714 $2,425,000 1 0 0 1 2 0 1 0 3 3 1 $887,500 $700,000 - - $775,000 $1,110,000 - $820,000 - $1,183,333 $1,150,000 $1,275,000 0 0 1 0 1 0 1 0 0 0 2 $2,812,500 - - $1,900,000 - $2,250,000 - $3,300,000 - - - $3,800,000 3 0 0 0 1 0 3 1 2 1 1 $1,926,666 - - - $2,000,000 - $1,649,258 $2,575,000 $4,600,000 $4,022,500 $2,600,000 5 1 0 6 0 6 4 2 3 1 5 $902,536 $1,104,600 $1,505,000 - $637,500 - $866,854 $1,036,563 $630,000 $1,633,333 $1,590,300 $1,488,400 3 2 2 1 0 12 10 7 7 10 4 $1,147,000 $791,500 $1,697,500 $1,704,675 $1,050,000 - $1,142,333 $1,428,480 $1,292,714 $1,674,856 $1,551,275 $2,600,000 0 2 0 1 1 2 1 0 0 2 1 $1,300,000 - $382,500 $1,704,675 $330,000 $310,000 $525,000 $265,000 - - $952,500 $975,000 22 15 3 13 11 27 34 22 22 30 20
*1 Seadrift oceanfront lot sold in 2015 for $3.51M, 2 Seadrift oceanfront lots sold in 2016, avg sale price was $2.95M
