intero real estate services feb. 2016 market report
DESCRIPTION
Buy.Sell.Stay. From San Francisco to the Monterey Coast we're got you covered on market stats and agents that focus their knowledge in the areas. Home Sales Trend Upward. #InteroRealEstateServices #EastBay #SiliconValley #NorthPeninsula #MidPeninsula #SouthCounty #SanFrancisco #WineCountry #PacificCoastTRANSCRIPT
Buy.Sell.Stay.February 2016 Market Report
East BayBerkeley, Danville, Dublin, Fremont, Hayward,
Livermore, Newark, Oakland, Pleasanton, San Ramon, San Leandro, Union City
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#www.AgentWebsite.comPHONEEMAILAgent Name, REALTOR®
LIC.#www.AgentWebsite.comPHONEEMAILAgent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities of the San Francisco East Bay with offices located throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
Buy.Sell.Stay.January 2016 Market Report
Silicon ValleyCupertino, Los Gatos, Mountain View, Saratoga,
San Jose, Sunnyvale
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016.All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Buy.Sell.Stay.January 2016 Market Report
Wine Country
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016.All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Buy.Sell.Stay.January 2016 Market Report
San Francisco
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016.All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Buy.Sell.Stay.January 2016 Market Report
North PeninsulaBelmont, Burlingame, Foster City,
Hillsborough, Redwood City, Redwood Shores, San Carlos, San Mateo
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016.All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Buy.Sell.Stay.January 2016 Market Report
Pacific CoastCarmel, Monterey, Pebble Beach, Santa Cruz
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016.All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Buy.Sell.Stay.January 2016 Market Report
East BayBerkeley, Danville, Dublin, Fremont, Hayward,
Livermore, Newark, Oakland, Pleasanton, San Ramon, San Leandro, Union City
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016.All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Buy.Sell.Stay.January 2016 Market Report
Mid PeninsulaAtherton, Los Altos, Los Altos Hills, Menlo Park,
Palo Alto, Woodside
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016.All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Buy.Sell.Stay.January 2016 Market Report
South CountyGilroy, Hollister, Morgan Hill
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016.All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
The health of financial markets and a lack of inventory continue to be the biggest drivers of the Bay
Area housing market. And with the stock market starting off the year strong, we’re also feeling a
strong housing market here, with the expected seasonal slowing that often comes with the beginning
of the year.
“The tempo of the Bay Area housing market is tied very closely to the financial markets,” said Tom
Tognoli, President and CEO of Intero Real Estate. “So much of the Bay Area’s wealth is tied up in
stock options and stock purchase plans. As the financial markets go, people’s attitudes and pocket
books tend to follow.”
Many have been talking about the high-end of the housing market cooling off, which we’ve seen a
bit. But that doesn’t mean no one’s in the market for high-end luxury homes. “Just last week, we sold
a home in Atherton for over $8.5 million that was on the market for less than a week.” So it’s not a
totally chilled market by any means.
It’s still very much a seller’s market in the Bay Area. And while a lack of inventory continues to be a
major challenge for buyers that usually means a quicker sale at a great price for sellers, those who
are selling to move up are also finding it frustrating. The good news is the number of active listings
increased at the state level for the first time in five months in January, and the Bay Area was part of
the trend with an 8% increase in homes for sale compared to the previous month.
“The fundamentals underlying the demand for housing fueled a healthy start to 2016,” said C.A.R.
Vice President and Chief Economist Leslie Appleton-Young. But she, along with other economists,
continues to watch overall economic trends such as volatility in the equity market, that can potentially
lead buyers and sellers to hold back and take a “wait-and-see” approach.
So the market is starting strong, but with lack of homes and the uncertainty of an election year, we
could see some slower growth. We like to watch the housing market numbers month to month
because we always see noticeable changes that help our agents assess pricing and bidding
strategies. Let’s take a look at the important numbers broken down into categories that are easy to
understand. This will help you get clear on what’s happening in your market that can impact your
home sale or purchase.
Executive Insights
Home Sales Trend Upward
Buy.Sell.Stay.February 2016 Market Report
East BayBerkeley, Danville, Dublin, Fremont, Hayward,
Livermore, Newark, Oakland, Pleasanton, San Ramon, San Leandro, Union City
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#www.AgentWebsite.comPHONEEMAILAgent Name, REALTOR®
LIC.#www.AgentWebsite.comPHONEEMAILAgent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker. CalBRE#01522213
Average Sold Price
$801,000
Total Homes Sold
458
Total Homes for Sale
764Average Days on Market
32
Market Highlights
Average List Price
$1,045,000
East Bay
Luxury Homes for Sale*
*Homes for sale above $3 million.
19
East Bay
Home PriceRange
HomesFor Sale
Year Over Year % Difference
< $500K 151 -24%
$500K - $1M 353 2%
$1M - $3M 245 30%
$3M - $5M 15 15%
$5M - $10M 5 0%
$10M + 0 -100%
Inventory
Inventory By The Numbers
Total Number Of Homes: For Sale Sold
0
200
400
600
800
1000
1200
1400
507 60
0
752 82
6 928
1055 11
45 1232 1257 1282
1130
764
482
630
764
768
499
511
798
963 1017
1174
1190
1023
924
905
771
915
521
458
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
It is a Seller's Market
Property Sales (Sold)February property sales were 458, down 10.4% from 511 in February of 2015 and12.1% lower than the 521 sales last month.
Current Inventory (For Sale)Versus last year, the total number of homes available this month is higher by 12units of 1.6%. This year's bigger inventory means that buyers who waited to buymay have bigger selection to choose from. The number of current inventory is up21.3% compared to the previous month.
Property Under Contract (Pended)There was an increase of 55.6% in the pended properties in February, with 725properties versus 466 last month. This month's pended property sales were 2.6%lower than at this time last year.
East Bay
Average Prices in $,000: For Sale Price Sold Price
Pricing
Pricing By The Numbers
Average Price Per Square Foot.
Month over Month
$440-2.2%
$1,003 $985 $963$1,000
$1,048 $1,070 $1,059$1,027
$996 $1,010 $1,011 $983 $995 $1,016 $1,045
$758$722
$763$836
$872 $875 $878 $888$853 $831 $816 $827 $825 $840
$801
200
400
600
800
1000
1200
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Average For Sale Price is AppreciatingThe Average For Sale Price in February was $1,045,000, up 8.5% from $963,000in February of 2015 and up 2.9% from $1,016,000 last month.
The Average Sold Price is DepreciatingThe Average Sold Price in February was $801,000, up 5% from $763,000 inFebruary of 2015 and down 4.6% from $840,000 last month.
The Median Sold Price is NeutralThe Median Sold Price in February was $750,000, up 11.1% from $675,000 inFebruary of 2015 and up 4.9% from $715,000 last month.
Home PriceRange
Days on Market
Year Over Year % Difference
< $500K 43 -2%
$500K - $1M 29 16%
$1M - $3M 26 -13%
$3M - $5M 0 -100%
$5M - $10M 0 NA
$10M + 0 0%
On The Market
DOM By The Numbers
East Bay
Average Days On Market
31
41
31
25
21 21 20 20 2123
28 27
31
35
32
10
15
20
25
30
35
40
45
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Days on Market Shows Neutral TrendThe average Days on Market (DOM) shows how many days the average property ison the market before it sells. An upward trend in DOM trends to indicate a movetowards more of a Buyer's market, a downward trend indicates a move towardsmore of a Seller's market. The DOM for February 2016 was 32, down 8.6% from 35days last month and up 3.2% from 31 days in February of last year.
The Sold/Original List Price Ratio Remains SteadyThe Sold Price vs. Original List Price reveals the average amount that sellers areagreeing to come down from their original list price. The lower the ratio is below100% the more of a Buyer's market exists, a ratio at or above 100% indicates moreof a Seller's market. This month Sold Price vs. Original List Price of 104% is up 3%% from last month and up from 1% % in February of last year.
Buy.Sell.Stay.February 2016 Market Report
Silicon ValleyCupertino, Los Gatos, Mountain View,
San Jose, Saratoga, Sunnyvale
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker. CalBRE#01522213
Average Sold Price
$1,181,000
Total Homes Sold
331
Total Homes for Sale
543Average Days on Market
30
Market Highlights
Average List Price
$1,640,000
Silicon Valley
Luxury Homes for Sale*
*Homes for sale above $3 million.
41
Silicon Valley
Home PriceRange
HomesFor Sale
Year Over Year % Difference
< $500K 10 -67%
$500K - $1M 209 -14%
$1M - $3M 286 49%
$3M - $5M 24 -11%
$5M - $10M 14 17%
$10M + 3 -67%
Inventory
Inventory By The Numbers
Total Number Of Homes: For Sale Sold
0
100
200
300
400
500
600
700
800
900
1000
308
416
511
603
702
795 822 89
0
874 93
1
770
514
301
408
543
525
343 378
624
794
770 82
0
822
730
695
602
510
639
372
331
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
It is a Seller's Market Property Sales (Sold) February property sales were331, down 12.4% from 378 in February of 2015 and 11% lower than the372 sales last month. Current Inventory (For Sale) Versus last year, thetotal number of homes available this month is higher by 32 units of 6.3%.This year's bigger inventory means that buyers who waited to buy mayhave bigger selection to choose from. The number of current inventory isup 33.1% compared to the previous month. Property Under Contract(Pended) There was an increase of 55.6% in the pended properties inFebruary, with 518 properties versus 333 last month. This month's pendedproperty sales were 7.3% lower than at this time last year.
Silicon Valley
Average Prices in $,000: For Sale Price Sold Price
Pricing
Pricing By The Numbers
Average Price Per Square Foot.
Month over Month
$6144.4%
$1,697$1,590
$1,652 $1,647 $1,631$1,582 $1,552 $1,519
$1,465 $1,508 $1,525
$1,655
$1,889
$1,727$1,640
$1,002 $977
$1,137 $1,146 $1,144$1,203 $1,194 $1,147 $1,150 $1,150 $1,156 $1,121 $1,090 $1,055
$1,181
0
200
400
600
800
1000
1200
1400
1600
1800
2000
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Average For Sale Price is Neutral* The Average For Sale Price inFebruary was $1,640,000, down 0.7% from $1,652,000 in February of2015 and down 5% from $1,727,000 last month. The Average Sold Priceis Neutral* The Average Sold Price in February was $1,181,000, up 3.9%from $1,137,000 in February of 2015 and up 11.9% from $1,055,000 lastmonth. The Median Sold Price is Neutral* The Median Sold Price inFebruary was $925,000, up 2.8% from $900,000 in February of 2015 andup 3.2% from $896,000 last month.
Home PriceRange
Days on Market
Year Over Year % Difference
< $500K 44 13%
$500K - $1M 26 -16%
$1M - $3M 32 33%
$3M - $5M 68 106%
$5M - $10M 61 NA
$10M + 0 NA
On The Market
DOM By The Numbers
Silicon Valley
Average Days On Market
31
41
31
25
21 21 20 20 2123
28 27
31
35
32
10
15
20
25
30
35
40
45
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Days on Market Shows Neutral Trend* The average Days on Market(DOM) shows how many days the average property is on the marketbefore it sells. An upward trend in DOM trends to indicate a move towardsmore of a Buyer’s market, a downward trend indicates a move towardsmore of a Seller’s market. The DOM for February 2016 was 30, down11.8% from 34 days last month and up 3.4% from 29 days in February oflast year. The Sold/Original List Price Ratio Remains Steady** The SoldPrice vs. Original List Price reveals the average amount that sellers areagreeing to come down from their original list price. The lower the ratio isbelow 100% the more of a Buyer’s market exists, a ratio at or above 100%indicates more of a Seller’s market. This month Sold Price vs. Original ListPrice of 101% is the same as last month and down from 2.9% % inFebruary of last year.
Buy.Sell.Stay.February 2016 Market Report
North PeninsulaBelmont, Burlingame, Foster City,
Hillsborough, Redwood City, Redwood Shores, San Carlos, San Mateo
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker. CalBRE#01522213
Average Sold Price
$1,718,000
Total Homes Sold
87
Total Homes for Sale
137Average Days on Market
19
Market Highlights
Average List Price
$2,940,000
North Peninsula
Luxury Homes for Sale*
*Homes for sale above $3 million.
30
North Peninsula
Home PriceRange
HomesFor Sale
Year Over Year % Difference
< $500K 1 0%
$500K - $1M 17 -32%
$1M - $3M 89 37%
$3M - $5M 19 90%
$5M - $10M 8 -43%
$10M + 4 33%
Inventory
Inventory By The Numbers
Total Number Of Homes: For Sale Sold
0
50
100
150
200
250
50
90
118 13
1
131
124
148 156
189
185
159
108
61
99
137145
79
97
187
179
201
226
214
193
189
172
156
152
97
87
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
It is a Seller's Market
Property Sales (Sold)February property sales were 87, down 10.3% from 97 in February of 2015and 10.3% lower than the 97 sales last month.
Current Inventory (For Sale)Versus last year, the total number of homes available this month is higherby 19 units of 16.1%. This year's bigger inventory means that buyers whowaited to buy may have bigger selection to choose from. The number ofcurrent inventory is up 38.4% compared to the previous month.
Property Under Contract (Pended)There was an increase of 52% in the pended properties in February, with114 properties versus 75 last month. This month's pended property saleswere 22.4% lower than at this time last year.
North Peninsula
Average Prices in $,000: For Sale Price Sold Price
Pricing
Pricing By The Numbers
Average Price Per Square Foot.
Month over Month
$90310.8%
$3,895
$2,703 $2,604 $2,499 $2,580 $2,580
$2,226
$2,540 $2,441 $2,516 $2,499
$2,834
$3,892
$3,124$2,940
$1,544 $1,598 $1,679 $1,643 $1,722 $1,669 $1,723$1,850
$1,600$1,750 $1,732 $1,671 $1,715
$1,498$1,718
0
500
1000
1500
2000
2500
3000
3500
4000
4500
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Average For Sale Price is NeutralThe Average For Sale Price in February was $2,940,000, up 12.9% from$2,604,000 in February of 2015 and down 5.9% from $3,124,000 lastmonth.
The Average Sold Price is NeutralThe Average Sold Price in February was $1,718,000, up 2.3% from$1,679,000 in February of 2015 and up 14.7% from $1,498,000 last month.
The Median Sold Price is AppreciatingThe Median Sold Price in February was $1,600,000, up 6.7% from$1,500,000 in February of 2015 and up 10.3% from $1,450,000 last month.
Home PriceRange
Days on Market
Year Over Year % Difference
< $500K 0 NA
$500K - $1M 17 31%
$1M - $3M 20 43%
$3M - $5M 5 -86%
$5M - $10M 0 -100%
$10M + 0 NA
On The Market
DOM By The Numbers
North Peninsula
Average Days On Market
24
30
19
1617
12
18 18
15
18
23
1921
22
19
0
5
10
15
20
25
30
35
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Days on Market Shows Neutral TrendThe average Days on Market (DOM) shows how many days the averageproperty is on the market before it sells. An upward trend in DOM trends toindicate a move towards more of a Buyer’s market, a downward trendindicates a move towards more of a Seller’s market. The DOM forFebruary 2016 was 19, down 13.6% from 22 days last month and thesame as in February of last year.
The Sold/Original List Price Ratio Remains SteadyThe Sold Price vs. Original List Price reveals the average amount thatsellers are agreeing to come down from their original list price. The lowerthe ratio is below 100% the more of a Buyer’s market exists, a ratio at orabove 100% indicates more of a Seller’s market. This month Sold Price vs.Original List Price of 106% is up 2.9% % from last month and down from0.9% % in February of last year.
Buy.Sell.Stay.February 2016 Market Report
Mid PeninsulaAtherton, Los Altos, Los Altos Hills, Menlo Park, Palo Alto, Woodside
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker. CalBRE#01522213
Average Sold Price
$2,749,000
Total Homes Sold
49
Total Homes for Sale
140Average Days on Market
29
Market Highlights
Average List Price
$6,169,000
Mid Peninsula
Luxury Homes for Sale*
*Homes for sale above $3 million.
93
Mid Peninsula
Home PriceRange
HomesFor Sale
Year Over Year % Difference
< $500K 0 N/A
$500K - $1M 3 200%
$1M - $3M 44 13%
$3M - $5M 43 48%
$5M - $10M 25 19%
$10M + 26 73%
Inventory
Inventory By The Numbers
Total Number Of Homes: For Sale Sold
0
20
40
60
80
100
120
140
160
180
200
66
86
105
138
166
151 158
145 150
200
185
130
68
95
140
77
46
68
108
130 138
131
116 124
92
99
82 79
38
49
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
It is a Seller's Market
Property Sales (Sold)February property sales were 49, down 27.9% from 68 in February of 2015and 28.9% higher than the 38 sales last month.
Current Inventory (For Sale)Versus last year, the total number of homes available this month is higherby 35 units of 33.3%. This year's bigger inventory means that buyers whowaited to buy may have bigger selection to choose from. The number ofcurrent inventory is up 47.4% compared to the previous month.
Property Under Contract (Pended)There was an increase of 114.3% in the pended properties in February,with 75 properties versus 35 last month. This month's pended propertysales were 16.7% lower than at this time last year.
Mid Peninsula
Average Prices in $,000: For Sale Price Sold Price
Pricing
Pricing By The Numbers
Average Price Per Square Foot.
Month over Month
$1,153-4.6%
$5,996 $6,096$5,781 $5,716
$5,187
$6,039$5,832
$6,221 $6,183$5,694
$5,892$6,202
$7,490
$6,311 $6,169
$3,206$3,596
$3,171$3,374 $3,285 $3,210
$3,526$3,072 $3,123
$3,350$3,045
$3,340$2,975
$2,570 $2,749
0
1000
2000
3000
4000
5000
6000
7000
8000
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Average For Sale Price is NeutralThe Average For Sale Price in February was $6,169,000, up 6.7% from$5,781,000 in February of 2015 and down 2.3% from $6,311,000 lastmonth.
The Average Sold Price is NeutralThe Average Sold Price in February was $2,749,000, down 13.3% from$3,171,000 in February of 2015 and up 7% from $2,570,000 last month.
The Median Sold Price is NeutralThe Median Sold Price in February was $2,650,000, down 4.9% from$2,788,000 in February of 2015 and up 11.1% from $2,385,000 last month.
Home PriceRange
Days on Market
Year Over Year % Difference
< $500K 0 NA
$500K - $1M 9 -61%
$1M - $3M 18 -25%
$3M - $5M 55 400%
$5M - $10M 18 -61%
$10M + 0 NA
On The Market
DOM By The Numbers
Mid Peninsula
Average Days On Market
34
41
23 23
18 1921
1922 22
16
22
34
38
29
0
5
10
15
20
25
30
35
40
45
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Days on Market Shows Neutral TrendThe average Days on Market (DOM) shows how many days the averageproperty is on the market before it sells. An upward trend in DOM trends toindicate a move towards more of a Buyer’s market, a downward trendindicates a move towards more of a Seller’s market. The DOM forFebruary 2016 was 29, down 23.7% from 38 days last month and up26.1% from 23 days in February of last year.
The Sold/Original List Price Ratio Remains SteadyThe Sold Price vs. Original List Price reveals the average amount thatsellers are agreeing to come down from their original list price. The lowerthe ratio is below 100% the more of a Buyer’s market exists, a ratio at orabove 100% indicates more of a Seller’s market. This month Sold Price vs.Original List Price of 104% is up 6.1% % from last month and down from1.9% % in February of last year.
Buy.Sell.Stay.February 2016 Market Report
South CountyGilroy, Hollister, Morgan Hill
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker. CalBRE#01522213
Average Sold Price
$674,000
Total Homes Sold
92
Total Homes for Sale
192Average Days on Market
41
Market Highlights
Average List Price
$1,178,000
South County
Luxury Homes for Sale*
*Homes for sale above $3 million.
7
South County
Home PriceRange
HomesFor Sale
Year Over Year % Difference
< $500K 27 -29%
$500K - $1M 108 20%
$1M - $3M 50 -6%
$3M - $5M 3 -25%
$5M - $10M 2 0%
$10M + 2 N/A
Inventory
Inventory By The Numbers
Total Number Of Homes: For Sale Sold
0
50
100
150
200
250
300
173
171 18
7
187 20
5 212
212
246 258 266
253
224
177
176 19
2
114
79
95
104
163
154
157 166
119 128 135
92
122
107
92
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
Property Sales (Sold)February property sales were 92, down 3.2% from 95 in February of 2015and 14% lower than the 107 sales last month.
Current Inventory (For Sale)Versus last year, the total number of homes available this month is higherby 5 units of 2.7%. This year's bigger inventory means that buyers whowaited to buy may have bigger selection to choose from. The number ofcurrent inventory is up 9.1% compared to the previous month.
Property Under Contract (Pended)There was an increase of 19.1% in the pended properties in February, with112 properties versus 94 last month. This month's pended property saleswere 3.4% lower than at this time last year.
South County
Average Prices in $,000: For Sale Price Sold Price
Pricing
Pricing By The Numbers
Average Price Per Square Foot.
Month over Month
$318-2.8%
$980$1,037 $1,033
$1,141 $1,121 $1,125 $1,097$1,021 $1,054 $1,073 $1,090 $1,076
$1,127 $1,144$1,178
$684$618 $627 $648
$699 $677$724
$762$711 $720 $731 $718 $732 $717
$674
0
200
400
600
800
1000
1200
1400
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Average For Sale Price is AppreciatingThe Average For Sale Price in February was $1,178,000, up 14% from$1,033,000 in February of 2015 and up 3% from $1,144,000 last month.
The Average Sold Price is DepreciatingThe Average Sold Price in February was $674,000, up 7.5% from$627,000 in February of 2015 and down 6% from $717,000 last month.
The Median Sold Price is NeutralThe Median Sold Price in February was $647,000, up 10.6% from$585,000 in February of 2015 and down 0.5% from $650,000 last month.
Home PriceRange
Days on Market
Year Over Year % Difference
< $500K 38 6%
$500K - $1M 41 -18%
$1M - $3M 45 -46%
$3M - $5M 0 NA
$5M - $10M 0 NA
$10M + 0 NA
On The Market
DOM By The Numbers
South County
Average Days On Market
63 63
49 49
33
3836
3229 30
41 40
4749
41
0
10
20
30
40
50
60
70
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Days on Market Shows Neutral TrendThe average Days on Market (DOM) shows how many days the averageproperty is on the market before it sells. An upward trend in DOM trends toindicate a move towards more of a Buyer’s market, a downward trendindicates a move towards more of a Seller’s market. The DOM forFebruary 2016 was 41, down 16.3% from 49 days last month and down16.3% from 49 days in February of last year.
The Sold/Original List Price Ratio Remains SteadyThe Sold Price vs. Original List Price reveals the average amount thatsellers are agreeing to come down from their original list price. The lowerthe ratio is below 100% the more of a Buyer’s market exists, a ratio at orabove 100% indicates more of a Seller’s market. This month Sold Price vs.Original List Price of 99% is up 2.1% % from last month and up from 2.1%% in February of last year.
Buy.Sell.Stay.February 2016 Market Report
San Francisco
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker. CalBRE#01522213
Average Sold Price
$1,623,000
Total Homes Sold
95
Total Homes for Sale
184Average Days on Market
41
Market Highlights
Average List Price
$2,062,000
San Francisco
Luxury Homes for Sale*
*Homes for sale above $3 million.
24
San Francisco
Home PriceRange
HomesFor Sale
Year Over Year % Difference
< $500K 2 -60%
$500K - $1M 67 -23%
$1M - $3M 92 64%
$3M - $5M 11 38%
$5M - $10M 9 -10%
$10M + 4 0%
Inventory
Inventory By The Numbers
Total Number Of Homes: For Sale Sold
0
50
100
150
200
250
300
79
125
168
160
184
179 188
212
184
262 270
157
65
136
184
178
98
114
173 19
2
186 198
221
186
155
231
173
197
96 95
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
It is a Seller's Market
Property Sales (Sold)February property sales were 95, down 16.7% from 114 in February of2015 and 1% lower than the 96 sales last month.
Current Inventory (For Sale)Versus last year, the total number of homes available this month is higherby 16 units of 9.5%. This year's bigger inventory means that buyers whowaited to buy may have bigger selection to choose from. The number ofcurrent inventory is up 35.3% compared to the previous month.
Property Under Contract (Pended)There was an increase of 56.3% in the pended properties in February, with136 properties versus 87 last month. This month's pended property saleswere 0.7% lower than at this time last year.
San Francisco
Average Prices in $,000: For Sale Price Sold Price
Pricing
Pricing By The Numbers
Average Price Per Square Foot.
Month over Month
$8382.2%
$1,846
$2,055 $2,023$2,102
$2,177$2,082 $2,036
$1,613$1,496
$1,919
$2,150$2,220
$2,470
$1,902$2,062
$1,277 $1,226
$1,507$1,653
$1,726 $1,792 $1,724$1,630
$1,466$1,318
$1,544$1,675
$1,470 $1,482$1,623
500
1000
1500
2000
2500
3000
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Average For Sale Price is NeutralThe Average For Sale Price in February was $2,062,000, up 1.9% from$2,023,000 in February of 2015 and up 8.4% from $1,902,000 last month.
The Average Sold Price is NeutralThe Average Sold Price in February was $1,623,000, up 7.7% from$1,507,000 in February of 2015 and up 9.5% from $1,482,000 last month.
The Median Sold Price is NeutralThe Median Sold Price in February was $1,410,000, up 28.2% from$1,100,000 in February of 2015 and up 22.6% from $1,150,000 last month.
Home PriceRange
Days on Market
Year Over Year % Difference
< $500K 78 -26%
$500K - $1M 39 -3%
$1M - $3M 39 15%
$3M - $5M 31 158%
$5M - $10M 144 182%
$10M + 0 -100%
On The Market
DOM By The Numbers
San Francisco
Average Days On Market
39
42
37
31
28
31
38
3331
36
33
30
36
42 41
15
20
25
30
35
40
45
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Days on Market Shows Neutral TrendThe average Days on Market (DOM) shows how many days the averageproperty is on the market before it sells. An upward trend in DOM trends toindicate a move towards more of a Buyer’s market, a downward trendindicates a move towards more of a Seller’s market. The DOM forFebruary 2016 was 41, down 2.4% from 42 days last month and up 10.8%from 37 days in February of last year.
The Sold/List Price Ratio Remains SteadyThe Sold Price vs. List Price reveals the average amount that sellers areagreeing to come down from their list price. The lower the ratio is below100% the more of a Buyer’s market exists, a ratio at or above 100%indicates more of a Seller’s market. This month Sold Price vs. List Price of109% is up 1.9% % from last month and down from 1.8% % in February oflast year.
Buy.Sell.Stay.February 2016 Market Report
Wine Country
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker. CalBRE#01522213
Average Sold Price
$707,000
Total Homes Sold
20
Total Homes for Sale
55Average Days on Market
68
Market Highlights
Average List Price
$1,621,000
Wine Country
Luxury Homes for Sale*
*Homes for sale above $3 million.
6
Wine Country
Home PriceRange
HomesFor Sale
Year Over Year % Difference
< $500K 6 -63%
$500K - $1M 25 79%
$1M - $3M 18 -14%
$3M - $5M 4 100%
$5M - $10M 1 0%
$10M + 1 -67%
Inventory
Inventory By The Numbers
Total Number Of Homes: For Sale Sold
0
10
20
30
40
50
60
70
80
90
100
54
59 57
76
93
84
89 87
91 89
82
68
46
39
55
41
18
24
33
48
58
55
48 50
32
41
29 27
24
20
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
It is a Seller's Market
Property Sales (Sold)February property sales were 20, down 16.7% from 24 in February of 2015and 16.7% lower than the 24 sales last month.
Current Inventory (For Sale)Versus last year, the total number of homes available this month is lowerby 2 units of 3.5%. This year's smaller inventory means that buyers whowaited to buy may have smaller selection to choose from. The number ofcurrent inventory is up 41% compared to the previous month.
Property Under Contract (Pended)There was the same number of pended properties in February, 27properties. This month's pended property sales were 22.9% lower than atthis time last year.
Wine Country
Average Prices in $,000: For Sale Price Sold Price
Pricing
Pricing By The Numbers
Average Price Per Square Foot.
Month over Month
$441-20.8%
$1,924$1,844
$2,078$1,978
$2,070
$2,265
$2,012$1,904
$2,059 $2,048$1,962
$1,800
$1,999
$1,774
$1,621
$806
$643
$823 $769$851
$960 $942$1,076
$919
$1,205
$983$860
$974 $1,029
$707500
1000
1500
2000
2500
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Average For Sale Price is DepreciatingThe Average For Sale Price in February was $1,621,000, down 22% from$2,078,000 in February of 2015 and down 8.6% from $1,774,000 lastmonth.
The Average Sold Price is DepreciatingThe Average Sold Price in February was $707,000, down 14.1% from$823,000 in February of 2015 and down 31.3% from $1,029,000 lastmonth.
The Median Sold Price is NeutralThe Median Sold Price in February was $633,000, up 17.2% from$540,000 in February of 2015 and the same as last month.
Home PriceRange
Days on Market
Year Over Year % Difference
< $500K 76 9%
$500K - $1M 67 72%
$1M - $3M 56 -57%
$3M - $5M 0 NA
$5M - $10M 0 NA
$10M + 0 0%
On The Market
DOM By The Numbers
Wine Country
Average Days On Market
8077 77
6461
5346
58 5659
67 6571 72
68
0
10
20
30
40
50
60
70
80
90
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Days on Market Shows Neutral TrendThe average Days on Market (DOM) shows how many days the averageproperty is on the market before it sells. An upward trend in DOM trends toindicate a move towards more of a Buyer’s market, a downward trendindicates a move towards more of a Seller’s market. The DOM forFebruary 2016 was 68, down 5.6% from 72 days last month and down11.7% from 77 days in February of last year.
The Sold/Original List Price Ratio Remains SteadyThe Sold Price vs. Original List Price reveals the average amount thatsellers are agreeing to come down from their original list price. The lowerthe ratio is below 100% the more of a Buyer’s market exists, a ratio at orabove 100% indicates more of a Seller’s market. This month Sold Price vs.Original List Price of 98% is up 3.2% % from last month and up from 2.1%% in February of last year.
Buy.Sell.Stay.February 2016 Market Report
Pacific CoastCarmel, Monterey, Pebble Beach, Santa Cruz
2016 Intero Real Estate Services Inc., a Berkshire Hathaway affiliate and a wholly owned subsidiary of HomeServices of America, Inc. All rights reserved. Data provided by Trendgraphix February 2016.. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker.
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
LIC.#
www.AgentWebsite.comPHONEEMAIL
Agent Name, REALTOR®
Innovation, passion, and results
Representing people, lifestyles, and communities throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
2016 Intero Real Estate Services Inc. All rights reserved. Data provided by Trendgraphix February 2016. All information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with another broker. CalBRE#01522213
Photo by Fettes Digital Media
Average Sold Price
$1,210,000
Total Homes Sold
67
Total Homes for Sale
268Average Days on Market
61
Market Highlights
Average List Price
$3,240,000
Pacific Coast
Luxury Homes for Sale*
*Homes for sale above $3 million.
76
Pacific Coast
Home PriceRange
HomesFor Sale
Year Over Year % Difference
< $500K 0 -100%
$500K - $1M 61 -36%
$1M - $3M 131 -4%
$3M - $5M 36 16%
$5M - $10M 24 14%
$10M + 16 60%
Inventory
Inventory By The Numbers
Total Number Of Homes: For Sale Sold
0
50
100
150
200
250
300
350
400
241 26
1
298
287 31
5
349 356 37
9 400
363
368
316
258
232
268
66
52
67
98 96 97
117 13
6
87
110
110
83
107
60 67
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
It is a Seller's Market
Property Sales (Sold)February property sales were 67, the same as in February of 2015 and11.7% higher than the 60 sales last month.
Current Inventory (For Sale)Versus last year, the total number of homes available this month is lowerby 30 units of 10.1%. This year's smaller inventory means that buyers whowaited to buy may have smaller selection to choose from. The number ofcurrent inventory is up 15.5% compared to the previous month.
Property Under Contract (Pended)There was an increase of 27.6% in the pended properties in February, with97 properties versus 76 last month. This month's pended property saleswere 14.1% higher than at this time last year.
Pacific Coast
Average Prices in $,000: For Sale Price Sold Price
Pricing
Pricing By The Numbers
Average Price Per Square Foot.
Month over Month
$595-19.7%
$2,563$2,413
$2,596$2,693
$2,378 $2,394$2,480
$2,570$2,477
$2,678 $2,669$2,868 $2,945 $3,028
$3,240
$1,171 $1,121
$1,351
$1,131 $1,151$1,335
$1,034$1,146 $1,081
$1,199$1,315
$1,206
$1,634$1,548
$1,210
0
500
1000
1500
2000
2500
3000
3500
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Average For Sale Price in February was $3,240,000, up 24.8% from$2,596,000 in February of 2015 and up 7% from $3,028,000 last month.
The Average Sold Price is NeutralThe Average Sold Price in February was $1,210,000, down 10.4% from$1,351,000 in February of 2015 and down 21.8% from $1,548,000 lastmonth.
The Median Sold Price is NeutralThe Median Sold Price in February was $917,000, up 11.8% from$820,000 in February of 2015 and down 3.3% from $948,000 last month.
Home PriceRange
Days on Market
Year Over Year % Difference
< $500K 39 -60%
$500K - $1M 50 -4%
$1M - $3M 81 -12%
$3M - $5M 1 -287%
$5M - $10M 70 -54%
$10M + 0 NA
On The Market
DOM By The Numbers
Pacific Coast
Average Days On Market
65
87
7975
68
55
38
4653
7269
7370
63 61
0
10
20
30
40
50
60
70
80
90
100
14-Dec 15-Jan 15-Feb 15-Mar 15-Apr 15-May 15-Jun 15-Jul 15-Aug 15-Sep 15-Oct 15-Nov 15-Dec 16-Jan 16-Feb
The Days on Market Shows Downward TrendThe average Days on Market (DOM) shows how many days the averageproperty is on the market before it sells. An upward trend in DOM trends toindicate a move towards more of a Buyer’s market, a downward trendindicates a move towards more of a Seller’s market. The DOM forFebruary 2016 was 61, down 3.2% from 63 days last month and down22.8% from 79 days in February of last year.
The Sold/Original List Price Ratio is RisingThe Sold Price vs. Original List Price reveals the average amount thatsellers are agreeing to come down from their original list price. The lowerthe ratio is below 100% the more of a Buyer’s market exists, a ratio at orabove 100% indicates more of a Seller’s market. This month Sold Price vs.Original List Price of 94% is up 1.1% % from last month and up from 6.8%% in February of last year.
Representing people, lifestyles, and communities of the San Francisco East Bay with offices located throughout the Bay Area. InteroSFEastBay.com Follow us on Social Media @InteroEastBay
Innovation, passion, and results
®
®
2016 Intero Real Estate Services, Inc. All rights reserved. The logo is a registered trademark of Intero Real Estate Services, Inc. Information deemed reliable but not guaranteed. This is not intended as a solicitation if you are listed with anotherbroker. This office is independently owned and operated.