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Pacific Union Christie's International Real Estate, Luxury, Mandarin, Quarterly Report
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Mark A. McLaughlin, CEO, Pacific UnionPlease remember to seek out local news, trend analysis, and expert advice for your real estate decisions.
County Population Growth: 2010-2014 Housing Growth: 2010-2014 Type
Alameda 4.2% 1.3% UndersupplyContra Costa 3.6% 1.4% UndersupplyMarin 1.4% 0.4% UndersupplyNapa 2.0% 0.7% UndersupplySan Francisco 3.9% 1.3% UndersupplySan Mateo 3.7% 0.9% UndersupplySanta Clara 4.9% 2.0% UndersupplySolano 2.6% 1.3% UndersupplySonoma 1.4% 1.0% Balanced
Source: California Department of Finance
Bay Area Population Growth Versus Housing-Supply Growth: 2010-2014
Click here to see specific 10-year data on key cities in the Bay Area.
REGION Q2 '04 Q2 '05 Q2 '06 Q2 '07 Q2 '08 Q2 '09 Q2 '10 Q2 '11 Q2 '12 Q2 '13 Q2 '14
CONTRA COSTA COUNTY 3,702 3,475 2,779 2,026 2,542 3,518 3,273 3,141 3,403 2,977 2,799
EAST BAY 881 892 814 749 613 556 681 676 810 823 781
MARIN COUNTY 912 799 665 684 494 440 574 555 680 786 764
NAPA COUNTY 476 434 317 279 247 307 336 356 419 374 350
SAN FRANCISCO (SFH) 817 785 746 600 655 557 674 685 726 746 609
SAN FRANCISCO (CONDOS) 747 720 589 645 533 370 565 578 737 760 738
SILICON VALLEY 1,046 869 806 793 621 533 617 738 781 770 724
SONOMA COUNTY 1,893 1,791 1,245 1,001 1,143 1,282 1,249 1,175 1,484 1,458 1,268
SONOMA VALLEY 199 197 125 113 97 123 136 121 176 174 160
TAHOE/TRUCKEE (SFH) 336 272 215 183 160 151 200 210 268 291 268
TAHOE/TRUCKEE (CONDOS) 104 116 73 82 35 28 62 82 88 71 75Copyright © Pacific Union. Source: BrokerMetrics / Terradatum, Inc. using data from SFARMLS, EBRD, BAREIS, MLSLSTINGS, TSIERRA, July 7, 2014.
Bay Area: 10-Year Overview of Q2 Homes Sold
Ellen AndersonSenior Vice President, Contra Costa [email protected] Sycamore Valley Road West | Danville, CA 94526
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$947,500 $912,091 $925,000 $904,000
$871,250 $897,500 $920,000 $860,000
$931,500
$1,032,475 $1,002,500
$1,050,000
$980,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 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.
1.4 1.6
1.5
2.0
1.8
1.5 1.3
2.1 2.3
1.7 1.6
1.5 1.4
0.1
0.6
1.1
1.6
2.1
2.6
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
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19 21 22 22
30 28
37 38
30
23
18 18
24
0
5
10
15
20
25
30
35
40
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
100.4% 100.3% 100.0%
99.0% 98.4%
98.0% 97.3% 97.4%
100.2% 100.1%
101.8% 102.1%
100.2%
94%
95%
96%
97%
98%
99%
100%
101%
102%
103%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
36.1% 34.7% 31.7%
26.6%
33.4% 31.4%
24.6%
31.3% 35.3%
40.9% 39.2% 39.6% 41.3%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Alamo 109,667,738$ 105,196,975$ -4% 82 65 -21% 40 26 -35% 1,258,750$ 1,410,000$ 12%
Blackhawk 49,766,950$ 56,718,475$ 14% 29 33 14% 58 46 -21% 1,495,000$ 1,637,125$ 10%
Danville 222,956,498$ 227,901,847$ 2% 213 190 -11% 20 18 -10% 955,000$ 1,097,500$ 15%
Diablo 5,249,194$ 9,541,000$ 82% 3 4 33% 34 30 -12% 1,500,000$ 2,507,500$ 67%
Lafayette 131,488,464$ 143,610,230$ 9% 106 98 -8% 19 18 -5% 1,148,525$ 1,207,500$ 5%
Moraga 44,208,075$ 55,953,190$ 27% 38 43 13% 20 18 -10% 1,130,000$ 1,236,000$ 9%
Orinda 116,420,650$ 119,744,414$ 3% 87 81 -7% 22 23 5% 1,234,000$ 1,300,000$ 5%
PleasantHill 67,962,150$ 63,675,752$ -6% 115 99 -14% 13 23 77% 599,000$ 610,000$ 2%
San Ramon 213,005,146$ 223,404,957$ 5% 240 227 -5% 12 16 33% 859,500$ 930,000$ 8%
Walnut Creek 158,378,822$ 114,081,060$ -28% 182 123 -32% 20 18 -10% 800,000$ 870,000$ 9%
Source: Terradatum, July 7, 2014. Data is for single-family homes in selected Contra Costa County cities.
Contra Costa County Snapshot: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
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Pam HoffmanSenior Vice President, Managing Broker, East Bay [email protected] Mountain Boulevard | Oakland, CA 94611
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$740,000 $735,000 $741,500 $722,500 $730,000 $730,000 $700,000 $713,750 $725,000 $760,000
$812,000 $817,000 $840,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Median sales price for single-family homes in the East Bay.
1.3 1.3 1.3
2.0
1.6
1.1
0.9
2.0 2.0
1.4
1.2 1.1 1.1
0.1
0.3
0.5
0.7
0.9
1.1
1.3
1.5
1.7
1.9
2.1
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Months' supply of inventory for single-family homes in the East Bay.
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18 20
25
22 21
25
32 33
28
25
20 22 22
0
5
10
15
20
25
30
35
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Average days on market for single-family homes sold in the East Bay.
110.0% 108.6%
107.0% 108.7% 108.3%
106.8%
104.1%
100.8%
106.1%
109.4%
113.3% 111.8%
109.4%
94%
96%
98%
100%
102%
104%
106%
108%
110%
112%
114%
116%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in the East Bay.
40.7% 37.4% 35.8%
30.4%
37.0% 38.2%
28.2% 31.5%
36.7%
43.5% 44.2% 47.4% 46.8%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Percentage of single-family homes under contract in the East Bay.
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Alameda 72,061,423$ 77,096,483$ 7% 101 86 -15% 16 21 31% 716,885$ 808,500$ 13%
Albany 18,407,500$ 22,982,000$ 25% 25 28 12% 20 14 -30% 705,000$ 776,000$ 10%
Berkeley 122,887,382$ 159,755,925$ 30% 133 145 9% 17 20 18% 818,000$ 885,000$ 8%
El Cerrito 42,259,010$ 50,367,288$ 19% 69 66 -4% 20 23 15% 605,000$ 705,750$ 17%
Kensington 15,148,225$ 21,498,024$ 42% 18 22 22% 18 21 17% 834,063$ 832,630$ 0%
Oakland* 341,993,525$ 327,628,507$ -4% 435 371 -15% 20 23 15% 740,000$ 790,000$ 7%
Piedmont 69,193,743$ 125,934,725$ 82% 42 63 50% 16 17 6% 1,531,000$ 1,750,000$ 14%
East Bay Snapshot: Q2 2014 vs. Q2 2013
Source: Terradatum, July 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
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Under $500,000 51,595,900$ 27,359,803$ -47% 134 67 -50% 27 34 26% 401,500$ 430,000$ 7%
Over $500,000 630,354,908$ 757,903,149$ 20% 689 714 4% 17 20 18% 800,000$ 852,500$ 7%
$500,000 - $1 million 377,632,107$ 339,075,212$ -10% 513 457 -11% 17 19 12% 735,000$ 749,000$ 2%
Over $1 million 252,722,801$ 418,827,937$ 66% 176 257 46% 17 21 24% 1,309,000$ 1,400,000$ 7%
Source: Terradatum, July 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: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Montclair / Joaquin Miller 103 82 -20% $897,631 $1,068,483 19%
Crocker Highlands / Grand Lake 49 39 -20% $824,878 $930,629 13%
Rockridge / Claremont 71 49 -31% $1,166,861 $1,411,029 21%
Glenview / Oakmore 30 30 0% $817,530 $891,866 9%
Laurel / Dimond 27 32 19% $465,981 $546,632 17%
Redwood Heights / Lincoln Heights 40 37 -8% $680,837 $664,700 -2%
Crestmont / Ridgemont / Skyline 11 14 27% $973,000 $1,099,464 13%
Temescal / Piedmont Ave. 13 11 -15% $664,600 $816,004 23%
Oakland Snapshot: Q2 2014 vs. Q2 2013
NeighborhoodHomes Sold Average Price
Source: EBRD, July 7, 2014. Data is for single-family homes in selected Oakland neighborhoods.
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Brent ThomsonPresident, Marin [email protected] Redwood Highway, Suite 150 | Mill Valley, CA 94941
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$990,000 $1,008,650
$946,000 $848,500
$905,000 $905,000 $852,000
$935,000 $995,000 $1,001,500 $1,030,000
$1,100,000 $1,060,000
$100,000
$300,000
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
2.0 2.0 1.9
2.6
2.2 2.0
1.8
2.5 2.5
1.7 1.8
1.4 1.4
0.1
0.6
1.1
1.6
2.1
2.6
3.1
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
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41
52 50 54 53
62
75
84
73
56
45
53 46
0
10
20
30
40
50
60
70
80
90
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
30.4% 29.2% 27.5% 27.2% 27.7% 27.0%
19.0%
32.1% 31.8%
40.9%
34.7%
39.2% 38.2%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
100.0%
98.6%
97.0%
94.2%
98.0%
96.0%
93.8% 94.5%
98.0%
95.8%
100.7%
99.3%
98.3%
90%
92%
94%
96%
98%
100%
102%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 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.
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Belvedere 32,745,000$ 23,342,260$ -29% 11 9 -18% 38 76 100% 2,650,000$ 2,470,000$ -7%
Corte Madera 43,814,936$ 33,693,348$ -23% 38 27 -29% 34 32 -6% 1,025,000$ 1,249,650$ 22%
Fairfax 25,283,880$ 21,579,015$ -15% 33 25 -24% 45 35 -22% 779,000$ 800,000$ 3%
Greenbrae 23,864,400$ 33,732,000$ 41% 15 22 47% 34 33 -3% 1,425,000$ 1,475,500$ 4%
Kentfield 60,434,625$ 55,690,035$ -8% 26 27 4% 43 37 -14% 1,926,500$ 1,800,000$ -7%
Larkspur 33,454,500$ 38,797,350$ 16% 23 26 13% 56 34 -39% 1,318,000$ 1,347,500$ 2%
Mill Valley 147,765,450$ 196,953,722$ 33% 109 120 10% 43 40 -7% 1,250,000$ 1,350,000$ 8%
Novato 114,916,670$ 131,874,944$ 15% 154 159 3% 52 47 -10% 699,000$ 765,000$ 9%
Ross 43,243,050$ 59,131,400$ 37% 17 17 0% 33 60 82% 2,100,000$ 3,200,000$ 52%
San Anselmo 94,727,620$ 78,392,205$ -17% 86 67 -22% 45 57 27% 975,500$ 950,000$ -3%
San Rafael 163,090,910$ 169,119,995$ 4% 171 165 -4% 47 39 -17% 819,000$ 858,000$ 5%
Sausalito 34,507,513$ 38,225,300$ 11% 21 20 -5% 40 44 10% 1,470,000$ 1,614,150$ 10%
Tiburon 92,371,025$ 127,701,500$ 38% 38 40 5% 46 133 189% 2,232,500$ 3,100,000$ 39%
Source: Terradatum, July 7, 2014. Data is for single-family homes in selected Marin County cities.
Marin County Snapshot: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
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Linda CarrollRegional Executive, Napa [email protected] Main Street | Napa, CA 94559
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$540,000
$505,000 $527,500
$468,500 $492,500 $501,000
$475,000
$528,000
$471,000
$563,250
$510,022
$575,000
$535,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
$600,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Median sales price for single-family homes in Napa County.
4.0
3.0
3.8
4.2
3.8 3.8
2.9
4.1 4.5
4.7
3.4 3.4 3.1
0.1
0.6
1.1
1.6
2.1
2.6
3.1
3.6
4.1
4.6
5.1
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Months' supply of inventory for single-family homes in Napa County.
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67
82 77 81 83 87 91
127
110 100
65 71
76
0
20
40
60
80
100
120
140
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Average days on market for single-family homes sold in Napa County.
21.5% 20.1% 18.8%
16.7% 18.0% 17.4%
14.8%
21.0%
18.2%
25.6%
20.1%
24.6% 22.9%
0%
5%
10%
15%
20%
25%
30%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Percentage of single-family homes under contract in Napa County.
98.3%
96.5% 96.3% 96.3%
93.6%
92.2%
94.1%
90.0% 90.7%
93.7%
96.4% 95.4%
95.9%
84%
86%
88%
90%
92%
94%
96%
98%
100%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in Napa County.
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
American Canyon 21,731,900$ 17,195,400$ -21% 60 43 -28% 71 43 -39% 353,500$ 403,000$ 14%
Angwin 3,773,500$ 2,780,000$ -26% 7 3 -57% 89 78 -12% 450,000$ 395,000$ -12%
Calistoga 23,499,000$ 17,876,000$ -24% 21 16 -24% 87 124 43% 655,000$ 672,500$ 3%
Napa 138,987,350$ 169,367,620$ 22% 243 246 1% 80 67 -16% 469,000$ 532,000$ 13%
St. Helena 37,869,668$ 61,038,408$ 61% 31 34 10% 97 124 28% 960,000$ 1,095,579$ 14%
Yountville 7,375,800$ 8,090,000$ 10% 9 8 -11% 67 24 -64% 765,000$ 1,032,500$ 35%
Source: Terradatum, July 7 2014. Data is for single-family homes in selected Napa County cities.
Napa County Snapshot: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Under $500,000 73,678,850$ 57,855,485$ -21% 206 151 -27% 67 64 -4% 365,000$ 395,000$ 8%
$500,000 - $999,999 83,119,868$ 97,244,260$ 17% 122 143 17% 101 74 -27% 650,000$ 650,000$ 0%
$1 million - $3 million 63,155,728$ 71,765,683$ 14% 43 47 9% 99 72 -27% 1,250,000$ 1,340,000$ 7%
Over $3 million 24,600,000$ 49,032,000$ 99% 3 9 200% 69 121 75% 5,900,000$ 5,025,000$ -15%
Median Price
Source: Terradatum, July 7, 2014. Data is for single-family homes in Napa County.
Napa County Price Range Snapshot: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market
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Patrick [email protected] Letterman Drive, Building C, Suite 500 | San Francisco, CA 94129
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$939,000 $872,500
$934,000 $929,000 $903,000
$957,000 $947,000 $925,000
$1,050,000 $985,000
$1,100,000 $1,100,000
$1,200,000
$100,000
$300,000
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Median sales price for single-family homes in San Francisco.
$825,000 $875,000
$828,500 $851,500 $896,500
$872,500
$770,000
$950,000 $945,000 $979,000 $920,000
$980,000 $1,050,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
$1,100,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Median sales price for condominiums in San Francisco.
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1.4 1.4
1.7
2.4
1.6
1.3 1.1
2.1
1.7 1.5
1.3 1.3
1.8
0.1
0.6
1.1
1.6
2.1
2.6
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Months' supply of inventory for single-family homes in San Francisco.
35 33
38
31 34 34
42 41 38
32 35
26 27
0
5
10
15
20
25
30
35
40
45
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Average days on market for single-family homes sold in San Francisco.
1.6
1.2
1.5
2.5
1.4 1.2
1.0
2.0
1.7
1.2 1.1
1.4 1.4
0.1
0.6
1.1
1.6
2.1
2.6
3.1
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Months' supply of inventory for condominiums in San Francisco.
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37 39
36 34 35
39 43
46
40
30 30 29 33
0
5
10
15
20
25
30
35
40
45
50
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Average days on market for condominiums sold in San Francisco.
38.8% 41.1%
33.5% 30.8%
38.8% 38.8%
33.2% 33.5%
39.3%
46.6% 42.3% 40.8%
35.6%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Percentage of condominiums under contract in San Francisco.
38.0% 35.6% 34.2%
28.7%
39.6% 37.1%
27.7%
32.5% 37.3%
42.3% 41.7%
38.0%
33.8%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Percentage of single-family homes under contract in San Francisco.
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109.4%
105.3% 104.4%
107.6% 106.1% 105.6%
99.5%
103.5%
106.9%
109.3% 109.8%
113.5%
110.6%
90%
95%
100%
105%
110%
115%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in San Francisco.
106.9% 106.3% 105.0%
103.8% 103.5% 104.1%
101.3% 100.5%
105.5%
108.2% 106.9%
107.9%
106.8%
96%
98%
100%
102%
104%
106%
108%
110%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Sales price as % of original price (including adjustments) for condominiums under contract in San Francisco.
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.
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Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
District 1 120,202,000$ 102,975,175$ -14% 70 56 -20% 38 20 -47% 1,431,500$ 1,602,500$ 12%
District 2 110,912,382$ 122,156,648$ 10% 124 107 -14% 25 28 12% 845,445$ 1,000,000$ 18%
District 3 43,280,000$ 38,505,000$ -11% 55 41 -25% 37 26 -30% 720,000$ 836,500$ 16%
District 4 111,217,537$ 106,062,750$ -5% 89 73 -18% 35 28 -20% 1,146,000$ 1,375,000$ 20%
District 5 191,832,276$ 183,319,608$ -4% 112 86 -23% 32 20 -38% 1,567,500$ 1,942,500$ 24%
District 6 23,642,125$ 26,537,240$ 12% 11 11 0% 34 21 -38% 2,250,000$ 2,725,000$ 21%
District 7 193,415,000$ 156,513,300$ -19% 47 34 -28% 32 45 41% 3,200,000$ 3,700,000$ 16%
District 8 28,310,000$ 34,901,250$ 23% 8 8 0% 28 86 207% 2,562,500$ 3,191,000$ 25%
District 9 97,383,124$ 65,256,875$ -33% 87 54 -38% 36 27 -25% 1,030,000$ 1,170,000$ 14%
District 10 82,863,975$ 98,995,932$ 19% 143 139 -3% 39 35 -10% 580,000$ 692,000$ 19%
Source: Terradatum, July 7, 2014. Data is for single-family homes in San Francisco districts.
San Francisco Snapshot: SFH, Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
District 1 30,482,475$ 40,125,500$ 32% 32 34 6% 31 32 3% 873,500$ 1,004,000$ 15%
District 2 8,835,000$ 17,250,888$ 95% 12 16 33% 45 28 -38% 716,000$ 927,500$ 30%
District 3 3,687,000$ 6,238,000$ 69% 9 10 11% 45 27 -40% 421,000$ 549,500$ 31%
District 4 10,139,000$ 10,418,125$ 3% 19 17 -11% 64 23 -64% 460,000$ 575,000$ 25%
District 5 119,915,548$ 125,252,282$ 4% 116 107 -8% 33 23 -30% 999,000$ 1,150,000$ 15%
District 6 74,471,601$ 66,670,671$ -10% 85 64 -25% 39 30 -23% 825,000$ 999,000$ 21%
District 7 128,623,760$ 130,806,514$ 2% 101 87 -14% 47 26 -45% 1,259,000$ 1,301,000$ 3%
District 8 140,843,889$ 137,325,269$ -2% 130 115 -12% 38 42 11% 865,000$ 920,000$ 6%
District 9 229,227,402$ 315,051,153$ 37% 230 278 21% 32 30 -6% 827,500$ 920,500$ 11%
District 10 10,498,857$ 5,026,869$ -52% 26 10 -62% 97 59 -39% 412,000$ 541,500$ 31%
Source: Terradatum, July 7, 2014. Data is for condominiums in San Francisco districts.
San Francisco Snapshot: Condos, Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
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Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Under $1 million 274,051,588$ 189,426,030$ -31% 386 251 -35% 35 34 -3% 723,500$ 750,000$ 4%
$1 million - $3 million 510,311,731$ 485,258,173$ -5% 318 302 -5% 32 23 -28% 1,450,000$ 1,467,500$ 1%
Over $3 million 218,695,100$ 260,539,575$ 19% 42 56 33% 35 40 14% 3,900,000$ 3,690,000$ -5%
San Francisco Price Range Snapshot: SFH, Q2 2014 vs. Q2 2013
Source: Terradatum, July 7, 2014. Data is for single-family homes in San Francisco County.
Sales Volume Homes Sold Avg. Days on Market Median Price
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Under $1 million 322,759,806$ 277,948,911$ -14% 473 384 -19% 40 34 -15% 710,000$ 751,250$ 6%
$1 million - $2 million 333,758,726$ 393,505,564$ 18% 251 289 15% 35 25 -29% 1,300,000$ 1,316,000$ 1%
Over $2 million 100,206,000$ 182,710,796$ 82% 36 65 81% 66 35 -47% 2,442,500$ 2,500,000$ 2%
Source: Terradatum, July 7, 2014. Data is for condominiums in San Francisco County.
San Francisco Price Range Snapshot: Condos, Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
David BarcaVice President, Silicon [email protected] El Camino Real, Suite 220 | Menlo Park CA 94025
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$2,160,000 $2,010,000 $2,087,500 $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
$100,000
$600,000
$1,100,000
$1,600,000
$2,100,000
$2,600,000
$3,100,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 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.
2.1
1.7 1.6
3.1
1.7 1.6
1.1
2.4 2.5
1.5 1.6 1.4
1.2
0.1
0.6
1.1
1.6
2.1
2.6
3.1
3.6
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 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.
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23 24
38 37
30 30
37
55
29 25
20 19 22
0
10
20
30
40
50
60
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 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.
101.4% 100.4%
99.1% 99.7%
101.2%
102.5% 102.1%
100.1%
104.5%
102.8%
106.2%
104.6% 103.9%
94%
96%
98%
100%
102%
104%
106%
108%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 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.
29.8% 31.7%
29.1% 27.9% 31.7% 32.5%
24.6%
29.9% 34.0%
44.3%
36.9%
42.8%
38.6%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 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.
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Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Atherton 138,484,000$ 193,393,003$ 40% 33 34 3% 42 44 5% 3,600,000$ 3,953,502$ 10%
Los Altos* 254,306,762$ 268,980,624$ 6% 122 101 -17% 17 15 -12% 2,000,000$ 2,350,000$ 18%
Los Altos Hills 106,700,498$ 99,809,000$ -6% 29 25 -14% 61 33 -46% 2,995,000$ 3,300,000$ 10%
Menlo Park** 186,218,500$ 212,798,075$ 14% 96 87 -9% 18 15 -17% 1,817,500$ 2,040,000$ 12%
Palo Alto 291,764,488$ 362,272,674$ 24% 118 131 11% 17 15 -12% 2,100,000$ 2,300,000$ 10%
Portola Valley 88,610,000$ 86,248,000$ -3% 26 32 23% 38 21 -45% 2,775,000$ 2,350,000$ -15%
Woodside 112,010,500$ 113,993,500$ 2% 39 31 -21% 40 42 5% 2,383,000$ 2,517,000$ 6%
Source: Terradatum, July 7, 2014. Data is for single-family homes in selected Silicon Valley cities. *Excludes County area **Excludes east of U.S. 101
Silicon Valley Snapshot: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
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$1,380,000 $1,267,500
$1,375,000 $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
$1,493,000
$100,000
$300,000
$500,000
$700,000
$900,000
$1,100,000
$1,300,000
$1,500,000
$1,700,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 2014. Median sales price for single-family homes in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
27 30
34
26
19
25
32
50
33
25
18
35
17
0
10
20
30
40
50
60
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 2014. Average days on market for single-family homes sold in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
1.6
1.3 1.4
1.9
1.5
1.1
0.8
1.6
2.4
1.3
1.0 1.1
1.2
0.1
0.6
1.1
1.6
2.1
2.6
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 2014. Months' supply of inventory for single-family homes in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
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34.2% 35.6% 38.9%
32.2%
38.8%
44.6%
28.6% 28.1%
36.3%
49.8% 46.9%
43.6%
36.1%
0%
10%
20%
30%
40%
50%
60%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 2014. Percentage of single-family homes under contract in these San Mateo County communities:
Burlingame (excluding Ingold Millsdale Industrial Center), Hillsborough, and San Mateo (excluding the North Shoreview/Dore Cavanaugh area).
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Burlingame* 143,606,026$ 151,022,888$ 5% 85 82 -4% 26 16 -38% 1,592,000$ 1,707,500$ 7%
Hillsborough 113,014,750$ 165,306,458$ 46% 37 44 19% 59 56 -5% 2,800,000$ 2,997,500$ 7%
San Mateo** 200,517,708$ 197,083,406$ -2% 185 157 -15% 22 18 -18% 1,005,649$ 1,085,000$ 8%
Source: Terradatum, July 7, 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: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
103.4%
100.9%
102.2%
99.8%
104.0%
103.0%
98.0% 98.8%
102.9% 103.2% 103.6%
102.4%
103.9%
95%
96%
97%
98%
99%
100%
101%
102%
103%
104%
105%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Source: Terradatum, July 7, 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).
Rick LawsSenior Vice President, Sonoma [email protected] Mendocino Avenue, Suite 210 | Santa Rosa, CA 95403
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$435,000
$479,000
$437,000 $447,650 $457,500 $450,000 $465,000 $460,000 $449,325
$491,500 $468,950
$485,500 $498,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Median sales price for single-family homes and farms/ranches in Sonoma County.
2.1 2.1 2.1
2.7
2.2 2.4
2.0
2.5 2.5
2.1 2.3
2.1 1.9
0.1
0.6
1.1
1.6
2.1
2.6
3.1
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Months' supply of inventory for single-family homes and farms/ranches in Sonoma County.
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62
71 68 67 67
78 79 81
72 73 74
59 57
0
10
20
30
40
50
60
70
80
90
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Average days on market for single-family homes and farms/ranches sold in Sonoma County.
97.6% 98.0%
97.4%
96.3% 96.2%
94.3%
96.9%
93.7%
95.9% 96.0%
96.8%
98.9% 98.4%
91%
92%
93%
94%
95%
96%
97%
98%
99%
100%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Sales price as % of original price (including adjustments) for single-family homes and farms/ranches under contract in Sonoma County.
29.6% 30.1%
26.5% 25.0%
27.0% 24.9%
22.2%
27.5%
33.9% 32.3% 32.5% 32.9% 33.7%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Percentage of single-family homes and farms/ranches under contract in Sonoma County.
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Healdsburg 39,450,520$ 45,435,315$ 15% 53 46 -13% 61 56 -8% 610,000$ 612,500$ 0%
Petaluma 93,971,750$ 84,739,300$ -10% 178 138 -22% 61 47 -23% 468,500$ 557,500$ 19%
Rohnert Park 30,824,600$ 30,989,788$ 1% 81 72 -11% 53 44 -17% 379,000$ 420,000$ 11%
Santa Rosa 301,707,438$ 280,943,923$ -7% 610 520 -15% 64 56 -13% 410,000$ 440,000$ 7%
Sebastopol 52,472,371$ 48,417,055$ -8% 73 66 -10% 78 63 -19% 600,000$ 690,000$ 15%
Windsor 39,707,025$ 41,207,762$ 4% 87 81 -7% 73 81 11% 420,000$ 470,000$ 12%
Source: Terradatum, July 7, 2014. Data is for single-family homes and farms/ranches in selected Sonoma County cities.
Sonoma County Snapshot: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Under $1 million 621,526,935$ 587,642,861$ -5% 1361 1,167 -14% 66 60 -9% 420,000$ 461,000$ 10%
$1 million and over 178,440,649$ 171,045,025$ -4% 97 101 4% 111 88 -21% 1,370,000$ 1,350,000$ -1%
Source: Terradatum, July 7, 2014. Data is for single-family homes and farms/ranches in selected Sonoma County cities.
Sonoma County Price Range Snapshot: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
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Jill SilvasRegional Executive, Sonoma [email protected] West Napa Street, Suite 200 | Sonoma, CA 95476
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$560,000 $529,025
$496,278
$586,000 $565,000
$500,000 $477,000
$608,500 $610,672
$500,000
$645,000
$540,000 $555,000
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Median sales price for single-family homes, condominiums, and farms/ranches in Sonoma Valley.
2.1 2.0 2.4
4.4
2.5 2.4
3.0
2.3
3.0 3.3
3.0
2.3
3.1
0.1
0.6
1.1
1.6
2.1
2.6
3.1
3.6
4.1
4.6
5.1
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Months' supply of inventory for single-family homes, condominiums, and farms/ranches in Sonoma Valley.
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53
68 76
94
64
51
69
80 77
105
78
50
61
0
20
40
60
80
100
120
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Average days on market for single-family homes, condominiums, and farms/ranches sold in Sonoma Valley.
94.7%
98.7%
95.2%
92.4%
93.9%
96.6%
94.6%
92.2% 91.8% 92.5%
96.8%
99.5%
96.7%
86%
88%
90%
92%
94%
96%
98%
100%
102%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Sales price as % of original price (including adjustments) for single-family homes, condominiums, and farms/ranches under contract in Sonoma Valley.
31.7%
27.7%
17.2%
23.4% 24.3%
20.2% 22.7%
23.9% 26.6%
28.3%
30.5%
23.2%
29.1%
0%
5%
10%
15%
20%
25%
30%
35%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Percentage of single-family homes, condominiums, and farms/ranches under contract in Sonoma Valley.
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Glen Ellen 12,125,270$ 17,756,900$ 46% 13 14 8% 63 62 -2% 745,000$ 1,005,500$ 35%
Kenwood 11,891,000$ 9,914,000$ -17% 10 7 -30% 83 202 143% 890,000$ 1,260,000$ 42%
Sonoma 121,738,193$ 103,016,425$ -15% 149 139 -7% 56 54 -4% 545,000$ 569,000$ 4%
Source: Terradatum, July 7, 2014. Data is for single-family homes, condominiums, and farms/ranches in selected Sonoma Valley cities.
Sonoma Valley Snapshot: Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
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Sally GardnerRegional Executive, Tahoe/TruckeeTahoe City 530.581.1882 | Truckee 530.587.7098 | Squaw Valley [email protected]
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Single-Family Homes – Median Sales Price
Condominiums – Median Sales Price
$528,000 $550,000 $559,500 $550,000 $545,000 $560,000
$614,605 $605,000
$699,000
$610,000
$525,000
$620,000
$529,277
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Median sales price for single-family homes in the Tahoe/Truckee region.
$420,000
$289,000 $300,000
$350,250
$381,500 $374,500
$345,000
$262,000
$390,000
$290,000
$334,000
$387,500
$350,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Median sales price for condominiums in the Tahoe/Truckee region.
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6.1 6.1
4.9 4.9 5.1 5.3
6.1
8.4
6.4 7.0 6.7
5.6
8.1
0.1
1.1
2.1
3.1
4.1
5.1
6.1
7.1
8.1
9.1
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Months' supply of inventory for single-family homes in the Tahoe/Truckee region.
66
89 90 97 101
94 107
93 100
140
102 96
72
0
20
40
60
80
100
120
140
160
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Average days on market for single-family homes sold in the Tahoe/Truckee region.
9.9
8.4 7.5
5.5 5.2
6.9 7.1
8.8
12.9
11.4
8.8 7.7
10.8
0.1
2.1
4.1
6.1
8.1
10.1
12.1
14.1
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Months' supply of inventory for condominiums in the Tahoe/Truckee region.
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85
197
140 159
113
159
122
150 150 137
54
114
86
0
50
100
150
200
250
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Average days on market for condominiums sold in the Tahoe/Truckee region.
11.0%
12.7%
14.1%
12.4% 12.9%
6.9%
9.1%
7.2%
11.5% 10.5%
9.0% 8.3%
9.8%
0%
2%
4%
6%
8%
10%
12%
14%
16%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Percentage of condominiums under contract in the Tahoe/Truckee region.
13.7% 14.8%
16.2%
13.2% 13.0%
10.9%
8.9%
14.0%
11.5%
17.5%
15.3%
9.3% 9.2%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Percentage of single-family homes under contract in the Tahoe/Truckee region.
95.7% 95.0%
92.3%
94.6%
91.5%
95.0%
92.8% 92.1%
91.3%
89.2%
95.3%
94.0%
95.5%
86%
88%
90%
92%
94%
96%
98%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Sales price as % of original price (including adjustments) for single-family homes under contract in the Tahoe/Truckee region.
92.7% 91.8%
92.7%
94.7%
91.2%
95.4%
93.0% 92.5%
96.1%
89.5%
94.6% 94.8%
96.6%
84%
86%
88%
90%
92%
94%
96%
98%
Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14
Source: Terradatum, July 7, 2014. Sales price as % of original price (including adjustments) for condominiums under contract in the Tahoe/Truckee region.
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Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Alpine Meadows 1,735,000$ 4,270,000$ 146% 3 5 67% 42 127 202% 625,000$ 545,000$ -13%
Donner Lake 3,669,500$ 10,821,000$ 195% 7 14 100% 61 100 64% 460,000$ 532,500$ 16%
Donner Summit 4,239,000$ 6,396,300$ 51% 8 10 25% 130 118 -9% 515,000$ 542,500$ 5%
Martis Valley 28,396,391$ 48,163,709$ 70% 29 25 -14% 77 122 58% 493,000$ 1,735,000$ 252%
North Lake Tahoe 38,659,900$ 42,773,450$ 11% 53 55 4% 86 94 9% 440,000$ 515,000$ 17%
Northstar 5,022,200$ 5,869,000$ 17% 6 6 0% 132 376 185% 768,600$ 839,500$ 9%
Squaw Valley 9,398,250$ 5,088,000$ -46% 8 3 -63% 123 35 -72% 848,500$ 853,000$ 1%
Tahoe City 16,083,000$ 14,453,700$ -10% 17 16 -6% 122 103 -16% 504,000$ 552,750$ 10%
Tahoe Donner 42,883,881$ 31,540,350$ -26% 71 49 -31% 72 28 -61% 555,000$ 595,000$ 7%
Truckee 39,681,776$ 59,008,922$ 49% 56 47 -16% 53 77 45% 406,418$ 529,277$ 30%
West Shore 30,871,950$ 38,194,426$ 24% 33 38 15% 114 145 27% 592,500$ 508,250$ -14%
Source: Terradatum, July 7, 2014. Data is for single-family homes in the Tahoe/Truckee region.
Tahoe/Truckee Snapshot: SFH, Q2 2014 vs. Q2 2013
Sales Volume Homes Sold Avg. Days on Market Median Price
Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change Q2 '13 Q2 '14 % change
Alpine Meadows 219,000$ 1,009,000$ 361% 1 3 200% 88 46 -48% 219,000$ 334,000$ 53%
Donner Lake 639,000$ 55,000$ -91% 2 1 -50% 849 76 -91% 319,500$ 55,000$ -83%
Donner Summit -$ 115,000$ n/a 0 1 n/a 0 274 n/a -$ 115,000$ n/a
North Lake Tahoe 9,968,500$ 8,907,969$ -11% 21 20 -5% 141 90 -36% 290,000$ 348,000$ 20%
NorthStar 4,734,000$ 6,077,340$ 28% 10 12 20% 116 53 -54% 325,500$ 342,500$ 5%
Squaw Valley 4,075,700$ 4,927,000$ 21% 9 8 -11% 243 224 -8% 410,000$ 611,500$ 49%
Tahoe City 5,612,500$ 3,150,100$ -44% 12 7 -42% 144 51 -65% 331,750$ 393,000$ 18%
Tahoe Donner 2,164,300$ 3,792,970$ 75% 9 15 67% 26 53 104% 242,900$ 256,000$ 5%
Truckee 3,054,950$ 3,863,000$ 26% 6 8 33% 56 99 77% 464,500$ 439,500$ -5%
West Shore 765,000$ -$ n/a 1 0 n/a 14 0 n/a 765,000$ -$ n/a
Tahoe/Truckee Snapshot: Condos, Q2 2014 vs. Q2 2013
Source: Terradatum, July 7, 2014. Data is for condominiums in the Tahoe/Truckee region.
Sales Volume Homes Sold Avg. Days on Market Median Price
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