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Pacific Union, International, Q3 2014 Quarterly Report, Real Estate, Mandarin
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Click here to see specific 10-year data on key cities in the Bay Area.
REGION Q3 '04 Q3 '05 Q3 '06 Q3 '07 Q3 '08 Q3 '09 Q3 '10 Q3 '11 Q3 '12 Q3 '13 Q3 '14
CONTRA COSTA COUNTY 3,863 3,819 2,467 1,591 3,420 3,364 2,831 3,110 3,086 2,965 2,851
EAST BAY 1,041 901 784 660 647 582 594 627 785 822 825
MARIN COUNTY 793 726 588 496 492 483 466 525 662 691 615
NAPA COUNTY 409 437 282 187 296 340 330 338 382 375 297
SAN FRANCISCO (SFH) 893 784 673 556 619 651 578 626 638 705 614
SAN FRANCISCO (CONDOS) 686 660 537 488 491 480 462 510 682 696 625
SILICON VALLEY 948 824 651 560 510 578 629 643 656 652 558
SONOMA COUNTY 1,911 1,762 1,165 901 1,271 1,236 1,150 1,274 1,452 1,401 1,381
SONOMA VALLEY 173 170 116 103 112 109 123 138 168 164 156
TAHOE/TRUCKEE (SFH) 412 380 259 173 197 234 259 278 334 365 291
TAHOE/TRUCKEE (CONDOS) 120 105 69 50 57 77 64 67 84 100 94Copyright © Pacific Union. Source: BrokerMetrics / Terradatum, Inc. using data from SFARMLS, EBRD, BAREIS, TSIERRA, October 7, 2014. Data from MLSLSTINGS valid as of September 30, 2014.
Bay Area: 10-Year Overview of Q3 Homes Sold
Ellen AndersonSenior Vice President, Contra Costa County925.743.9330ellen.anderson@pacunion.com101 Sycamore Valley Road West | Danville, CA 94526
$904,000 $871,250 $897,500
$920,000 $860,000
$931,500
$1,036,975 $1,002,500
$1,047,500 $975,000 $1,036,027
$1,065,000
$972,500
$100,000
$300,000
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, October 7, 2014. Median sales price for single-family homes in these Contra Costa County communities:
Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek.
2.0 1.8
1.5 1.4
2.2 2.4
1.8 1.7
1.6 1.5 1.5 1.5
1.7
0.1
0.6
1.1
1.6
2.1
2.6
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for single-family homes in these Contra Costa County communities: Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek.
pacificunion.com
22
30 28
37 38
30
23
18 19
23 21
24 27
0
5
10
15
20
25
30
35
40
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for single-family homes sold in these Contra Costa County communities: Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek.
99.0% 98.4% 98.0%
97.3% 97.4%
100.2% 99.9%
101.8% 102.0%
100.2% 100.5%
99.1% 99.3%
94%
95%
96%
97%
98%
99%
100%
101%
102%
103%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in these Contra Costa County communities: Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek.
26.4%
33.1% 31.0%
24.0%
30.4%
34.5%
39.9% 38.2% 38.6% 37.9% 33.6% 32.8% 32.8%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of single-family homes under contract in these Contra Costa County communities: Alamo, Blackhawk, Danville, Diablo, Lafayette, Moraga, Orinda, Pleasant Hill, San Ramon, and Walnut Creek.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Alamo 78,942,585$ 140,047,292$ 77% 54 85 57% 25 35 40% 1,349,500$ 1,600,000$ 19%
Blackhawk 29,497,788$ 15,065,000$ -49% 21 9 -57% 54 53 -2% 1,220,000$ 1,785,000$ 46%
Danville 218,370,059$ 260,285,203$ 19% 205 210 2% 21 23 10% 980,000$ 1,118,500$ 14%
Diablo 9,398,000$ 7,260,000$ -23% 5 3 -40% 46 41 -11% 1,640,000$ 1,935,000$ 18%
Lafayette 113,017,105$ 109,306,347$ -3% 92 83 -10% 32 23 -28% 1,157,563$ 1,200,000$ 4%
Moraga 57,720,176$ 58,947,780$ 2% 50 50 0% 19 24 26% 1,088,140$ 1,140,000$ 5%
Orinda 98,849,261$ 127,859,698$ 29% 80 90 13% 28 29 4% 1,050,000$ 1,325,000$ 26%
PleasantHill 60,182,412$ 59,237,646$ -2% 101 89 -12% 16 24 50% 609,950$ 640,000$ 5%
San Ramon 222,150,554$ 194,618,075$ -12% 245 203 -17% 16 18 13% 880,000$ 886,000$ 1%
Walnut Creek 152,697,805$ 154,070,376$ 1% 173 162 -6% 21 22 5% 814,745$ 887,981$ 9%
Source: Terradatum, October 7, 2014. Data is for single-family homes in selected Contra Costa County cities.
Contra Costa County Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
pacificunion.com
Pam HoffmanSenior Vice President, Managing Broker, East Bay Region510.339.6460phoffman@pacunion.com1900 Mountain Boulevard | Oakland, CA 94611
$722,500 $730,000 $730,000 $700,000 $713,750 $725,000
$758,500 $813,500 $817,000
$842,500 $790,000
$835,000 $781,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for single-family homes in the East Bay.
2.0
1.7
1.1 0.9
2.0 2.1
1.4 1.3
1.2 1.2
0.9 0.9
1.4
0.1
0.6
1.1
1.6
2.1
2.6
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for single-family homes in the East Bay.
pacificunion.com
22 21
25
32 33
28
25
20 22 21 20
23 22
0
5
10
15
20
25
30
35
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for single-family homes sold in the East Bay.
108.7% 108.3% 106.8%
104.1%
100.8%
106.2%
109.4%
113.2% 111.8%
109.2% 110.3%
109.4% 107.9%
94%
96%
98%
100%
102%
104%
106%
108%
110%
112%
114%
116%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in the East Bay.
30.4%
37.0% 38.1%
28.1% 31.4%
36.4%
43.0% 43.6% 45.9% 44.5%
46.8%
42.3% 40.2%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of single-family homes under contract in the East Bay.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Alameda 78,330,700$ 85,211,187$ 9% 104 98 -6% 22 17 -23% 737,500$ 823,611$ 12%
Albany 19,918,380$ 27,171,000$ 36% 29 33 14% 18 14 -22% 687,000$ 790,000$ 15%
Berkeley 129,697,022$ 154,037,145$ 19% 139 157 13% 20 22 10% 800,000$ 849,000$ 6%
El Cerrito 43,894,387$ 52,041,793$ 19% 74 74 0% 25 20 -20% 579,500$ 668,500$ 15%
Kensington 21,217,300$ 13,291,500$ -37% 21 16 -24% 21 27 29% 860,000$ 797,500$ -7%
Oakland* 322,422,553$ 353,048,091$ 9% 421 410 -3% 23 22 -4% 725,000$ 790,500$ 9%
Piedmont 51,034,325$ 73,590,500$ 44% 34 37 9% 20 25 25% 1,512,750$ 1,775,000$ 17%
East Bay Snapshot: Q3 2014 vs. Q3 2013
Source: Terradatum, October 7, 2014. Data is for single-family homes in selected East Bay cities; *Oakland ZIP codes 94602, 94609, 94610, 94611, 94618, 94619, and 94705.
Sales Volume Homes Sold Avg. Days on Market Median Price
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Under $500,000 52,597,098$ 26,961,000$ -49% 136 68 -50% 26 30 15% 409,000$ 410,000$ 0%
Over $500,000 613,917,569$ 731,430,216$ 19% 686 757 10% 22 21 -5% 785,000$ 830,000$ 6%
$500,000 - $1 million 383,970,842$ 401,994,907$ 5% 527 536 2% 21 20 -5% 725,000$ 750,000$ 3%
Over $1 million 229,946,727$ 329,435,309$ 43% 159 221 39% 24 22 -8% 1,285,000$ 1,340,000$ 4%
Source: Terradatum, October 7, 2014. Data is for SFH in the East Bay: Alameda, Albany, Berkeley, El Cerrito, Kensington, Piedmont, and Oakland ZIP codes 94602, 94609, 94610, 94611, 94618, 94619, and 94705.
East Bay Price Range Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Montclair / Joaquin Miller 90 87 -3% $872,036 $993,600 14%
Crocker Highlands / Grand Lake 46 43 -7% $911,661 $998,714 10%
Rockridge / Claremont 54 65 20% $1,066,850 $1,246,495 17%
Glenview / Oakmore 41 28 -32% $805,463 $805,764 0%
Laurel / Dimond 32 33 3% $458,074 $568,740 24%
Redwood Heights / Lincoln Heights 15 36 140% $644,766 $710,500 10%
Crestmont / Ridgemont / Skyline 12 12 0% $1,261,412 $921,208 -27%
Temescal / Piedmont Ave. 20 22 10% $681,125 $807,759 19%
Oakland Snapshot: Q3 2014 vs. Q3 2013
NeighborhoodHomes Sold Average Price
Source: EBRD, October 6, 2014. Data is for single-family homes in selected Oakland neighborhoods.
pacificunion.com
Brent ThomsonPresident, Marin County415.383.1900brent.thomson@pacunion.com575 Redwood Highway, Suite 150 | Mill Valley, CA 94941
$848,500 $905,000 $905,000
$852,000
$935,000 $995,000 $1,001,500 $1,030,000
$1,100,000 $1,054,100 $1,051,500
$952,500
$1,188,000
$100,000
$300,000
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for single-family homes in these Marin County communities: Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon.
2.6
2.2 2.0
1.8
2.6 2.6
1.8 1.8
1.5 1.5 1.7 1.8
2.4
0.1
0.6
1.1
1.6
2.1
2.6
3.1
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for single-family homes in these Marin County communities: Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon.
pacificunion.com
54 53
62
75
84
73
56
45 52
46 53 50 52
0
10
20
30
40
50
60
70
80
90
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for single-family homes sold in these Marin County communities: Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon.
27.2% 27.6% 26.9%
18.7%
32.0% 31.4%
40.1%
34.1% 38.2%
35.2%
30.2% 28.6%
31.9%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of single-family homes under contract in these Marin County communities: Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon.
94.2%
98.0%
96.0%
93.8% 94.5%
98.0%
95.8%
100.7%
99.3%
98.2% 97.4%
97.0% 97.7%
90%
92%
94%
96%
98%
100%
102%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in these Marin County communities: Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, and Tiburon.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Belvedere 38,095,000$ 36,717,690$ -4% 7 12 71% 75 112 49% 2,015,000$ 2,625,000$ 30%
Corte Madera 35,549,885$ 32,481,000$ -9% 32 26 -19% 38 43 13% 1,025,605$ 1,097,500$ 7%
Fairfax 14,287,300$ 21,153,418$ 48% 19 23 21% 44 48 9% 660,000$ 884,000$ 34%
Greenbrae 26,057,000$ 24,895,656$ -4% 20 18 -10% 34 30 -12% 1,245,000$ 1,370,000$ 10%
Kentfield 56,055,133$ 77,854,211$ 39% 23 27 17% 56 84 50% 1,985,000$ 2,200,000$ 11%
Larkspur 34,309,300$ 40,610,964$ 18% 23 24 4% 52 41 -21% 1,400,000$ 1,625,000$ 16%
Mill Valley 125,782,317$ 141,726,450$ 13% 94 87 -7% 46 45 -2% 1,167,500$ 1,375,000$ 18%
Novato 120,564,600$ 123,097,260$ 2% 158 141 -11% 65 52 -20% 710,050$ 775,000$ 9%
Ross 23,572,000$ 23,265,000$ -1% 9 8 -11% 59 58 -2% 2,000,000$ 2,372,500$ 19%
San Anselmo 56,781,900$ 49,744,235$ -12% 53 46 -13% 47 57 21% 900,000$ 925,000$ 3%
San Rafael 138,345,279$ 119,198,750$ -14% 152 117 -23% 48 46 -4% 832,020$ 850,000$ 2%
Sausalito 42,517,333$ 36,863,500$ -13% 20 21 5% 60 54 -10% 1,485,000$ 1,499,000$ 1%
Tiburon 105,671,550$ 69,863,500$ -34% 42 27 -36% 53 59 11% 2,150,000$ 2,300,000$ 7%
Source: Terradatum, October 7, 2014. Data is for single-family homes in selected Marin County cities.
Marin County Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
pacificunion.com
Linda CarrollRegional Executive, Napa County707.251.8805linda.carroll@pacunion.com944 Main Street | Napa, CA 94559
$468,500 $492,500 $501,000 $475,000
$528,000
$471,000
$563,250
$510,022
$575,000 $527,000
$592,000
$517,500
$609,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for single-family homes in Napa County.
4.2 3.9 3.8
2.9
4.2 4.6 4.8
3.5 3.5 3.3 3.6
5.0
4.0
0.1
1.1
2.1
3.1
4.1
5.1
6.1
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for single-family homes in Napa County.
pacificunion.com
81 83 87 91
127
110 100
65 71
77 81 71
91
0
20
40
60
80
100
120
140
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for single-family homes sold in Napa County.
16.7% 17.9%
17.1% 14.6%
20.7% 17.7%
25.2%
19.5%
23.6%
20.1%
16.8% 18.0%
20.8%
0%
5%
10%
15%
20%
25%
30%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of single-family homes under contract in Napa County.
96.3%
93.6%
92.2%
94.1%
90.0% 90.7%
93.7%
96.4% 95.4% 95.8%
88.6%
93.6% 93.2%
84%
86%
88%
90%
92%
94%
96%
98%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in Napa County.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
American Canyon 18,859,850$ 14,494,242$ -23% 49 33 -33% 71 48 -32% 370,000$ 438,500$ 19%
Angwin 2,939,858$ 9,646,900$ 228% 5 13 160% 62 136 119% 540,000$ 610,000$ 13%
Calistoga 17,066,719$ 23,056,527$ 35% 20 27 35% 90 146 62% 642,500$ 705,000$ 10%
Napa 166,752,260$ 124,411,041$ -25% 266 178 -33% 73 65 -11% 486,650$ 537,500$ 10%
St. Helena 36,257,500$ 66,880,554$ 84% 25 38 52% 179 123 -31% 1,185,000$ 1,125,000$ -5%
Yountville 6,003,000$ 5,319,000$ -11% 5 6 20% 65 93 43% 795,000$ 839,500$ 6%
Source: Terradatum, October 7, 2014. Data is for single-family homes in selected Napa County cities.
Napa County Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Under $500,000 68,887,650$ 46,728,816$ -32% 185 114 -38% 70 58 -17% 377,000$ 432,000$ 15%
$500,000 - $999,999 98,891,318$ 84,376,322$ -15% 147 124 -16% 77 81 5% 630,000$ 643,000$ 2%
$1 million - $3 million 57,118,000$ 81,259,570$ 42% 37 53 43% 132 113 -14% 1,350,000$ 1,435,000$ 6%
Over $3 million 25,252,219$ 34,333,556$ 36% 6 6 0% 158 254 61% 3,850,000$ 4,050,000$ 5%
Median Price
Source: Terradatum, October 7, 2014. Data is for single-family homes in Napa County.
Napa County Price Range Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market
pacificunion.com
Patrick BarberPresident415.929.7100patrick.barber@pacunion.comOne Letterman Drive, Building C, Suite 500 | San Francisco, CA 94129
$929,000 $903,000 $957,000
$947,000 $916,500
$1,050,000 $985,000
$1,100,000 $1,090,500
$1,175,000 $1,093,250
$971,500 $1,045,000
$100,000
$300,000
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for single-family homes in San Francisco.
$851,500 $896,500
$865,000
$770,000
$950,000 $945,000 $979,000
$920,000 $970,000
$1,050,000 $957,500 $989,528
$950,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for condominiums in San Francisco.
pacificunion.com
2.4
1.5 1.3
1.1
2.0
1.7 1.5
1.3 1.4
1.8
1.5 1.5
2.1
0.1
0.6
1.1
1.6
2.1
2.6
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for single-family homes in San Francisco.
31 34 34
42 40
38
32 35
26 27 30 29
27
0
5
10
15
20
25
30
35
40
45
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for single-family homes sold in San Francisco.
2.5
1.5
1.2 1.0
2.0
1.7
1.3 1.2 1.4 1.5
1.7
1.3
1.9
0.1
0.6
1.1
1.6
2.1
2.6
3.1
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for condominiums in San Francisco.
pacificunion.com
34 35 39
43 47
40
30 30 28
35 33 33
38
0
5
10
15
20
25
30
35
40
45
50
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for condominiums sold in San Francisco.
30.7%
38.7% 38.7%
33.0% 33.6%
39.0%
46.2%
41.3% 40.4% 37.9%
33.6%
38.3%
29.3%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of condominiums under contract in San Francisco.
28.7%
39.8% 37.4%
28.1% 33.0%
38.0% 42.7% 41.2%
37.3% 37.0% 36.7% 34.2%
32.5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of single-family homes under contract in San Francisco.
pacificunion.com
107.6% 106.1% 105.6%
99.5%
103.5%
106.9%
109.3% 109.8%
113.4%
110.3% 109.7% 109.2% 110.1%
90%
95%
100%
105%
110%
115%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in San Francisco.
103.8% 103.5% 104.1%
101.3%
99.9%
105.5%
108.2% 106.9%
107.9% 106.7%
107.7%
105.2% 104.4%
94%
96%
98%
100%
102%
104%
106%
108%
110%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for condominiums under contract in San Francisco.
pacificunion.com
1: Inner Richmond, Central Richmond, Outer Richmond, JordanPark/Laurel Heights, Lake, Lone Mountain, Sea Cliff.
2: Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights.
3: Pine Lake Park, Merced Manor, Lake Shore, Lakeside, Stonestown, Merced Heights, Ingleside, Ingleside Heights,
Oceanview.
4: 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, Westwood Park.
5: Buena Vista/Ashbury Heights, Clarendon Heights, Cole Valley/Parnassus Heights, Corona Heights,
Duboce Triangle, Eureka Valley/Dolores Heights, Glen Park, Haight-Ashbury, Mission Dolores, Noe Valley, Twin Peaks.
6: Alamo Square, Anza Vista, Hayes Valley, Lower Pacific Heights, North Panhandle, Western Addition.
7: Cow Hollow, Marina, Pacific Heights, Presidio Heights.
8: Downtown, Financial District/Barbary Coast, Nob Hill, North Beach, North Waterfront, Russian Hill, Telegraph Hill,
Tenderloin, Van Ness/Civic Center.
9: Bernal Heights, Central Waterfront/Dogpatch, Inner Mission, Mission Bay, Potrero Hill, South Beach,
South of Market, Yerba Buena.
10: Bayview, Bayview Heights, Candlestick Point, Crocker Amazon, Excelsior, Hunters Point, Little Hollywood,
Outer Mission, Mission Terrace, Portola, Silver Terrace, Visitacion Valley.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
District 1 86,499,225$ 97,259,105$ 12% 60 59 -2% 34 27 -21% 1,200,000$ 1,380,000$ 15%
District 2 134,200,176$ 128,508,231$ -4% 145 120 -17% 29 26 -10% 855,000$ 965,000$ 13%
District 3 39,754,600$ 42,864,411$ 8% 55 51 -7% 29 32 10% 660,000$ 800,000$ 21%
District 4 96,121,200$ 91,523,168$ -5% 78 69 -12% 37 23 -38% 1,102,500$ 1,150,000$ 4%
District 5 165,617,010$ 145,567,050$ -12% 93 72 -23% 27 28 4% 1,550,000$ 1,865,500$ 20%
District 6 19,896,000$ 17,779,000$ -11% 12 7 -42% 49 15 -69% 1,450,000$ 2,750,000$ 90%
District 7 174,725,200$ 119,095,000$ -32% 32 26 -19% 38 40 5% 4,935,000$ 3,950,000$ -20%
District 8 12,725,000$ 12,808,888$ 1% 4 5 25% 98 24 -76% 2,500,000$ 1,810,000$ -28%
District 9 75,038,591$ 86,251,300$ 15% 70 69 -1% 33 27 -18% 948,625$ 1,150,000$ 21%
District 10 94,413,456$ 98,233,041$ 4% 156 136 -13% 40 34 -15% 618,500$ 706,500$ 14%
Source: Terradatum, October 7, 2014. Data is for single-family homes in San Francisco districts.
San Francisco Snapshot: SFH, Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
District 1 36,014,999$ 46,954,223$ 30% 39 47 21% 31 33 6% 900,000$ 975,000$ 8%
District 2 8,360,750$ 6,058,000$ -28% 12 7 -42% 32 19 -41% 822,500$ 880,000$ 7%
District 3 3,656,000$ 2,027,000$ -45% 7 4 -43% 35 31 -11% 460,000$ 453,500$ -1%
District 4 8,380,301$ 7,458,650$ -11% 14 11 -21% 31 40 29% 602,500$ 585,000$ -3%
District 5 124,919,923$ 98,721,241$ -21% 112 78 -30% 30 29 -3% 1,087,500$ 1,252,500$ 15%
District 6 61,193,000$ 58,870,000$ -4% 68 64 -6% 30 26 -13% 842,500$ 914,000$ 8%
District 7 117,032,969$ 97,944,500$ -16% 86 64 -26% 32 29 -9% 1,219,000$ 1,417,500$ 16%
District 8 103,686,401$ 126,457,804$ 22% 109 111 2% 45 39 -13% 750,000$ 880,000$ 17%
District 9 208,190,551$ 236,518,862$ 14% 234 218 -7% 39 37 -5% 805,000$ 925,000$ 15%
District 10 5,645,000$ 10,912,659$ 93% 15 21 40% 99 57 -42% 360,000$ 545,000$ 51%
Source: Terradatum, October 7, 2014. Data is for condominiums in San Francisco districts.
San Francisco Snapshot: Condos, Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Under $1 million 302,696,070$ 218,647,467$ -28% 417 285 -32% 35 31 -11% 740,000$ 771,000$ 4%
$1 million - $3 million 377,841,388$ 446,951,727$ 18% 248 291 17% 30 26 -13% 1,365,000$ 1,400,000$ 3%
Over $3 million 218,453,000$ 174,290,000$ -20% 40 38 -5% 45 36 -20% 4,525,000$ 3,875,000$ -14%
San Francisco Price Range Snapshot: SFH, Q3 2014 vs. Q3 2013
Source: Terradatum, October 7, 2014. Data is for single-family homes in San Francisco County.
Sales Volume Homes Sold Avg. Days on Market Median Price
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Under $1 million 313,877,534$ 233,848,479$ -25% 454 327 -28% 39 37 -5% 707,500$ 735,000$ 4%
$1 million - $2 million 285,022,547$ 338,322,460$ 19% 214 254 19% 33 31 -6% 1,289,000$ 1,295,000$ 0%
Over $2 million 78,179,813$ 119,752,000$ 53% 28 44 57% 35 36 3% 2,344,000$ 2,500,000$ 7%
Source: Terradatum, October 7, 2014. Data is for condominiums in San Francisco County.
San Francisco Price Range Snapshot: Condos, Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
pacificunion.com
David BarcaVice President, Silicon Valley650.314.7200dbarca@pacunion.com1706 El Camino Real, Suite 220 | Menlo Park CA 94025
$2,205,000 $2,250,018 $2,100,000
$2,325,000 $2,400,000
$2,358,000
$2,617,500 $2,466,000 $2,425,000 $2,400,000
$2,433,000 $2,450,000 $2,592,500
$100,000
$600,000
$1,100,000
$1,600,000
$2,100,000
$2,600,000
$3,100,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Median sales price for single-family homes in these Silicon Valley communities:
Atherton, Los Altos (excluding County area), Los Altos Hills, Menlo Park (excluding east of U.S. 101), Palo Alto, Portola Valley, and Woodside.
3.1
1.7 1.6
1.1
2.4 2.5
1.6 1.6 1.5
1.2 1.4 1.3
2.0
0.1
0.6
1.1
1.6
2.1
2.6
3.1
3.6
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Months' supply of inventory for single-family homes in these SIlicon Valley communities:
Atherton, Los Altos (excluding County area), Los Altos Hills, Menlo Park (excluding east of U.S. 101), Palo Alto, Portola Valley, and Woodside.
pacificunion.com
37
30 30
37
55
29 25
20 19 23
28
37
29
0
10
20
30
40
50
60
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Average days on market for single-family homes sold in these Silicon Valley communities:
Atherton, Los Altos (excluding County area), Los Altos Hills, Menlo Park (excluding east of U.S. 101), Palo Alto, Portola Valley, and Woodside.
99.7%
101.2%
102.5% 102.1%
100.1%
104.5%
102.8%
106.2%
104.6% 103.8%
102.1%
101.0%
102.3%
96%
98%
100%
102%
104%
106%
108%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in these Silicon Valley communities:
Atherton, Los Altos (excluding County area), Los Altos Hills, Menlo Park (excluding east of U.S. 101), Palo Alto, Portola Valley, and Woodside.
27.9%
31.7% 32.5%
24.5%
29.7%
33.7%
43.9%
36.6%
42.4%
37.8% 33.4%
37.4% 38.0%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Percentage of single-family homes under contract in these Silicon Valley communities:
Atherton, Los Altos (excluding County area), Los Altos Hills, Menlo Park (excluding east of U.S. 101), Palo Alto, Portola Valley, and Woodside.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Atherton 158,935,415$ 96,898,888$ -39% 26 20 -23% 81 52 -36% 3,400,000$ 4,310,000$ 27%
Los Altos* 196,979,680$ 162,963,891$ -17% 89 66 -26% 22 17 -23% 2,100,000$ 2,312,500$ 10%
Los Altos Hills 109,805,330$ 85,149,447$ -22% 33 22 -33% 51 37 -27% 2,778,750$ 3,289,000$ 18%
Menlo Park** 141,801,315$ 187,971,900$ 33% 78 85 9% 28 20 -29% 1,500,000$ 2,025,000$ 35%
Palo Alto 245,065,376$ 269,975,615$ 10% 114 88 -23% 17 16 -6% 1,889,194$ 2,549,000$ 35%
Portola Valley 46,767,000$ 61,395,500$ 31% 18 17 -6% 44 87 98% 1,900,000$ 2,998,000$ 58%
Woodside 46,798,500$ 110,778,000$ 137% 20 31 55% 72 88 22% 1,862,500$ 2,320,000$ 25%
Source: Terradatum, September 30, 2014. Data is for single-family homes in selected Silicon Valley cities. *Excludes County area **Excludes east of U.S. 101
Silicon Valley Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
pacificunion.com
$1,250,000 $1,204,000
$1,263,500
$1,562,500
$1,360,000 $1,311,375 $1,300,500
$1,475,000 $1,600,000
$1,476,000 $1,400,000
$1,328,000 $1,375,000
$100,000
$300,000
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
$1,500,000
$1,700,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Median sales price for single-family homes in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
26
19
25
32
50
33
25
18
35
16
33
27 23
0
10
20
30
40
50
60
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Average days on market for single-family homes sold in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
1.9
1.5
1.1 0.8
1.7
2.5
1.3 1.1 1.2 1.2
1.4
1.1
1.4
0.1
0.6
1.1
1.6
2.1
2.6
3.1
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Months' supply of inventory for single-family homes in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
pacificunion.com
32.2%
38.8%
44.6%
28.6% 27.9%
35.5%
49.3% 45.9% 42.6%
34.0%
45.9% 40.9% 42.4%
0%
10%
20%
30%
40%
50%
60%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Percentage of single-family homes under contract in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Burlingame* 96,613,423$ 87,030,466$ -10% 59 53 -10% 24 17 -29% 1,538,000$ 1,530,000$ -1%
Hillsborough 202,796,000$ 175,011,388$ -14% 49 37 -24% 82 67 -18% 3,250,000$ 3,125,000$ -4%
San Mateo** 189,807,490$ 170,323,007$ -10% 166 139 -16% 17 21 24% 948,500$ 1,110,000$ 17%
Source: Terradatum, September 30, 2014. Data is for single-family homes in selected San Mateo County cities. * Excludes Ingold Millsdale Industrial Center ** Excludes the North Shoreview/Dore Cavanaugh area
Mid-Peninsula Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
99.8%
104.0% 103.0%
98.0% 98.8%
102.9% 103.2% 103.6%
102.4%
103.9%
101.1% 101.2%
100.2%
95%
96%
97%
98%
99%
100%
101%
102%
103%
104%
105%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Source: Terradatum, September 30, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
pacificunion.com
Rick LawsSenior Vice President, Sonoma County707.547.3800rick.laws@pacunion.com3333 Mendocino Avenue, Suite 210 | Santa Rosa, CA 95403
$447,650 $457,500 $450,000
$465,000 $460,000 $449,325
$491,500 $468,950
$487,500 $495,000 $508,500
$475,000 $499,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for single-family homes and farms/ranches in Sonoma County.
2.7
2.2 2.4
2.0
2.5 2.5
2.1
2.4 2.2 2.1 2.0
2.3
2.0
0.1
0.6
1.1
1.6
2.1
2.6
3.1
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for single-family homes and farms/ranches in Sonoma County.
pacificunion.com
67 67
78 79 81
72 73 74
59 57 62 61
65
0
10
20
30
40
50
60
70
80
90
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for single-family homes and farms/ranches sold in Sonoma County.
96.3% 96.2%
94.3%
96.9%
93.7%
95.9% 96.0%
96.8%
98.9% 98.4%
96.9% 97.6%
96.7%
91%
92%
93%
94%
95%
96%
97%
98%
99%
100%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for single-family homes and farms/ranches under contract in Sonoma County.
24.9% 26.8%
24.8% 21.9%
27.4%
33.6% 31.7% 31.8% 31.7% 30.4% 30.0% 29.0% 30.2%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of single-family homes and farms/ranches under contract in Sonoma County.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Healdsburg 63,632,215$ 52,491,350$ -18% 60 51 -15% 80 72 -10% 762,500$ 659,000$ -14%
Petaluma 104,276,595$ 118,988,658$ 14% 185 186 1% 61 53 -13% 488,000$ 551,500$ 13%
Rohnert Park 28,469,750$ 28,065,000$ -1% 70 65 -7% 50 60 20% 406,500$ 438,000$ 8%
Santa Rosa 248,214,667$ 302,099,044$ 22% 520 553 6% 58 57 -2% 409,250$ 455,000$ 11%
Sebastopol 66,608,757$ 53,099,391$ -20% 91 77 -15% 78 60 -23% 660,000$ 617,000$ -7%
Windsor 42,140,078$ 40,420,650$ -4% 85 79 -7% 75 44 -41% 455,000$ 485,000$ 7%
Source: Terradatum, October 7, 2014. Data is for single-family homes and farms/ranches in selected Sonoma County cities.
Sonoma County Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Under $1 million 619,167,540$ 648,609,708$ 5% 1,301 1,266 -3% 64 60 -6% 435,000$ 470,000$ 8%
$1 million and over 178,983,304$ 196,648,093$ 10% 100 115 15% 137 95 -31% 1,347,500$ 1,360,000$ 1%
Source: Terradatum, October 7, 2014. Data is for single-family homes and farms/ranches in selected Sonoma County cities.
Sonoma County Price Range Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
pacificunion.com
Jill SilvasRegional Executive, Sonoma Valley707.939.9500jill.silvas@pacunion.com135 West Napa Street, Suite 200 | Sonoma, CA 95476
$586,000 $565,000
$500,000 $477,000
$608,500 $610,672
$500,000
$645,000
$540,000 $555,000
$697,500
$525,000 $580,250
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for single-family homes, condominiums, and farms/ranches in Sonoma Valley.
4.4
2.5 2.4
3.0
2.3
3.0 3.3
3.0
2.3
3.2
2.1
2.9 2.5
0.1
0.6
1.1
1.6
2.1
2.6
3.1
3.6
4.1
4.6
5.1
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for single-family homes, condominiums, and farms/ranches in Sonoma Valley.
pacificunion.com
94
64
51
69
80 77
105
78
50
61
77
56
96
0
20
40
60
80
100
120
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for single-family homes, condominiums, and farms/ranches sold in Sonoma Valley.
92.4%
93.9%
96.6%
94.6%
92.2% 91.8% 92.5%
96.8%
99.5%
96.7% 95.1%
97.5%
92.5%
86%
88%
90%
92%
94%
96%
98%
100%
102%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for single-family homes, condominiums, and farms/ranches under contract in Sonoma Valley.
23.4% 24.3%
20.2%
22.7% 23.9% 26.6%
28.3%
30.5%
23.1%
27.2%
22.3%
26.5% 27.7%
0%
5%
10%
15%
20%
25%
30%
35%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of single-family homes, condominiums, and farms/ranches under contract in Sonoma Valley.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Glen Ellen 11,316,000$ 16,107,110$ 42% 8 15 88% 139 117 -16% 1,367,500$ 829,500$ -39%
Kenwood 7,230,000$ 6,862,000$ -5% 7 5 -29% 94 97 3% 900,000$ 789,000$ -12%
Sonoma 112,965,830$ 109,368,425$ -3% 148 136 -8% 72 72 0% 507,500$ 552,600$ 9%
Source: Terradatum, October 7, 2014. Data is for single-family homes, condominiums, and farms/ranches in selected Sonoma Valley cities.
Sonoma Valley Snapshot: Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
pacificunion.com
Sally GardnerRegional Executive, Tahoe/TruckeeTahoe City 530.581.1882 | Truckee 530.587.7098 | Squaw Valley 530.584.6282sally.gardner@pacunion.com
$550,000 $545,000 $560,000
$614,605 $605,000
$699,000
$610,000
$530,000
$629,000
$529,277
$595,000
$665,000
$585,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for single-family homes in the Tahoe/Truckee region.
$350,250 $381,500 $374,500
$345,000
$262,000
$390,000
$290,000
$334,000
$387,500
$350,000
$445,000
$345,000
$382,500
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Median sales price for condominiums in the Tahoe/Truckee region.
pacificunion.com
4.9 5.1 5.3
6.2
8.5
6.6 7.3
6.8
5.7
8.5
10.6
7.1 6.8
0.1
2.1
4.1
6.1
8.1
10.1
12.1
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for single-family homes in the Tahoe/Truckee region.
97 101 94
107
93 100
140
101 95
72 66
54
87
0
20
40
60
80
100
120
140
160
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for single-family homes sold in the Tahoe/Truckee region.
5.5 5.2
7.0 7.2
8.8
12.9
11.4
8.9 7.8
10.6
8.5
6.8 6.8
0.1
2.1
4.1
6.1
8.1
10.1
12.1
14.1
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Months' supply of inventory for condominiums in the Tahoe/Truckee region.
pacificunion.com
159
113
159
122
150 150 137
54
114
83
127
53
200
0
50
100
150
200
250
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Average days on market for condominiums sold in the Tahoe/Truckee region.
12.3% 12.9%
6.9%
9.1%
7.1%
11.5%
10.5% 8.9%
8.2%
9.6%
13.8%
12.3%
10.8%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of condominiums under contract in the Tahoe/Truckee region.
13.2% 12.9%
10.9%
8.8%
13.8%
11.3%
17.5%
15.2%
9.2% 8.7%
11.6% 12.8% 13.7%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Percentage of single-family homes under contract in the Tahoe/Truckee region.
pacificunion.com
94.6%
91.5%
95.0%
92.8% 92.1%
91.3%
89.2%
95.4%
94.1%
95.6% 96.2%
95.2%
93.2%
84%
86%
88%
90%
92%
94%
96%
98%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in the Tahoe/Truckee region.
94.7%
91.2%
95.4%
93.0% 92.5%
96.1%
89.5%
94.6% 94.8%
96.7%
94.1%
96.0% 96.0%
84%
86%
88%
90%
92%
94%
96%
98%
Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14
Source: Terradatum, October 7, 2014. Sales price as % of original price (including adjustments) for condominiums under contract in the Tahoe/Truckee region.
pacificunion.com
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Alpine Meadows 2,637,500$ 5,833,000$ 121% 5 6 20% 76 64 -16% 450,000$ 921,500$ 105%
Donner Lake 4,494,000$ 9,438,000$ 110% 8 12 50% 32 79 147% 492,500$ 485,000$ -2%
Donner Summit 6,755,500$ 5,918,000$ -12% 17 8 -53% 56 141 152% 372,500$ 495,000$ 33%
Martis Valley 39,104,950$ 51,785,940$ 32% 33 30 -9% 130 89 -32% 550,000$ 727,500$ 32%
North Lake Tahoe 66,110,985$ 70,792,500$ 7% 84 59 -30% 81 76 -6% 526,450$ 585,000$ 11%
Northstar 7,635,275$ 9,502,000$ 24% 8 11 38% 128 61 -52% 750,000$ 830,000$ 11%
Squaw Valley 11,634,500$ 1,312,000$ -89% 4 1 -75% 392 46 -88% 1,257,750$ 1,312,000$ 4%
Tahoe City 28,335,450$ 23,807,500$ -16% 29 16 -45% 108 59 -45% 735,000$ 685,000$ -7%
Tahoe Donner 41,443,200$ 39,336,650$ -5% 68 58 -15% 59 52 -12% 555,000$ 617,250$ 11%
Truckee 50,994,950$ 64,466,940$ 26% 58 50 -14% 97 78 -20% 513,750$ 587,000$ 14%
West Shore 60,424,850$ 39,195,400$ -35% 51 40 -22% 78 79 1% 650,000$ 598,250$ -8%
Source: Terradatum, October 7, 2014. Data is for single-family homes in the Tahoe/Truckee region.
Tahoe/Truckee Snapshot: SFH, Q3 2014 vs. Q3 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change Q3 '13 Q3 '14 % change
Alpine Meadows 705,000$ 375,000$ -47% 2 1 -50% 98 13 -87% 352,500$ 375,000$ 6%
Donner Lake 347,803$ 388,000$ 12% 4 5 25% 22 864 3827% 57,402$ 80,000$ 39%
Donner Summit 210,000$ 165,000$ -21% 1 2 100% 203 239 18% 210,000$ 82,500$ -61%
North Lake Tahoe 11,239,000$ 9,444,500$ -16% 27 24 -11% 172 79 -54% 300,000$ 294,000$ -2%
NorthStar 5,174,500$ 4,100,250$ -21% 12 9 -25% 233 102 -56% 322,500$ 385,000$ 19%
Squaw Valley 4,746,037$ 2,348,350$ -51% 12 4 -67% 348 40 -89% 409,750$ 587,900$ 43%
Tahoe City 6,782,000$ 6,767,000$ 0% 17 13 -24% 156 84 -46% 289,000$ 382,500$ 32%
Tahoe Donner 2,703,500$ 3,365,350$ 24% 10 12 20% 26 104 300% 228,000$ 276,925$ 21%
Truckee 8,170,525$ 10,089,375$ 23% 13 18 38% 99 72 -27% 579,000$ 439,500$ -24%
West Shore 1,350,000$ 7,820,000$ 479% 2 6 200% 95 131 38% 675,000$ 552,500$ -18%
Tahoe/Truckee Snapshot: Condos, Q3 2014 vs. Q3 2013
Source: Terradatum, October 7, 2014. Data is for condominiums in the Tahoe/Truckee region.
Sales Volume Homes Sold Avg. Days on Market Median Price
pacificunion.com
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