market indicators - general overview - february 2015

MLSListings Inc Confidential Copyright 2015 1

Market Snapshot – Feb 2015 vs. Feb 2014

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Monterey 970 819 18% 129 136 -5% $515,000 $500,000 3% $856,111 $940,017 -9% $110,438,413 $127,842,348 -14% 85 78 9% 235 266 -12%

San Benito 161 128 26% 32 38 -16% $436,500 $397,000 10% $477,046 $426,501 12% $15,265,476 $16,207,051 -6% 63 67 -6% 55 56 -2%

San Mateo 587 552 6% 181 202 -10% $1,240,000 $977,500 27% $1,477,993 $1,248,928 18% $267,516,872 $247,287,748 8% 40 37 8% 329 441 -25%

Santa Clara 1761 1178 49% 486 509 -5% $950,000 $800,000 19% $1,325,526 $1,038,448 28% $644,205,864 $526,493,237 22% 35 32 9% 934 956 -2%

Santa Cruz 453 439 3% 93 105 -11% $697,000 $598,000 17% $726,779 $654,917 11% $67,590,496 $68,766,370 -2% 59 79 -25% 145 167 -13%

(Some Counties may have too few sales to calculate the data)

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Feb

2015

Feb

2014

%

Change

Monterey 113 74 53% 18 26 -31% $384,750 $248,500 55% $375,527 $266,934 41% $6,759,500 $6,940,300 -3% 100 52 92% 36 29 24%

San Benito 12 14 -14% 1 2 -50% $342,500 $301,000 14% $342,500 $301,000 14% $342,500 $602,000 -43% 149 12 1142% 4 7 -43%

San Mateo 179 176 2% 62 71 -13% $684,000 $615,000 11% $758,120 $617,807 23% $47,003,471 $43,864,310 7% 30 43 -30% 126 155 -19%

Santa Clara 517 437 18% 185 251 -26% $545,000 $495,000 10% $598,488 $542,137 10% $110,720,442 $136,076,449 -19% 30 35 -14% 321 384 -16%

Santa Cruz 109 107 2% 20 31 -35% $435,000 $400,000 9% $462,600 $444,386 4% $9,252,000 $13,775,994 -33% 44 103 -57% 39 35 11%

Single Family - February 2015 vs. February 2014

County

Inventory Closed Sales Median Price Average Price Total Dollars Days on Market New Listings

Condo/Townhouse - February 2015 vs. February 2014

County



Market Snapshot – Feb 2015 vs. Jan 2015

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Monterey 923 970 5% 155 129 -17% $422,500 $515,000 22% $631,114 $856,111 36% $97,882,743 $110,438,413 13% 70 85 21% 206 235 14%

San Benito 155 161 4% 31 32 3% $430,000 $436,500 2% $468,364 $477,046 2% $14,519,308 $15,265,476 5% 99 63 -36% 46 55 20%

San Mateo 476 587 23% 157 181 15% $975,000 $1,240,000 27% $1,514,498 $1,477,993 -2% $237,776,342 $267,516,872 13% 35 40 14% 243 329 35%

Santa Clara 1438 1761 22% 448 486 8% $824,440 $950,000 15% $1,161,925 $1,325,526 14% $520,542,493 $644,205,864 24% 44 35 -20% 709 934 32%

Santa Cruz 428 453 6% 90 93 3% $677,500 $697,000 3% $723,639 $726,779 0% $65,127,550 $67,590,496 4% 68 59 -13% 125 145 16%

(Some Counties may have too few sales to calculate the data)

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Jan

2015

Feb

2015

%

Change

Monterey 99 113 14% 19 18 -5% $329,000 $384,750 17% $405,247 $375,527 -7% $7,699,700 $6,759,500 -12% 120 100 -17% 24 36 50%

San Benito 11 12 9% 3 1 -67% $285,000 $342,500 20% $295,000 $342,500 16% $885,000 $342,500 -61% 75 149 99% 2 4 100%

San Mateo 134 179 34% 61 62 2% $650,000 $684,000 5% $680,008 $758,120 11% $41,480,548 $47,003,471 13% 32 30 -6% 78 126 62%

Santa Clara 416 517 24% 200 185 -8% $521,500 $545,000 5% $581,033 $598,488 3% $116,206,728 $110,720,442 -5% 38 30 -21% 264 321 22%

Santa Cruz 95 109 15% 18 20 11% $393,750 $435,000 10% $402,494 $462,600 15% $7,244,900 $9,252,000 28% 38 44 16% 30 39 30%

Single Family - Current Month vs. Prior Month - February 2015 vs. January 2015

County


Condo/Townhouse - Current Month vs. Prior Month - February 2015 vs. January 2015

County



Single Family Business Outlook – Home CountiesFeb ’14 vs. Feb ’15


Inventory, Closed Sales, New Listings - Home CountiesJan ’03 – Feb ’15


Single Family + Condo/Townhouse Inventory - Home CountiesJan ’03 – Feb ’15


Single Family Inventory - Home CountiesJan ’04 – Feb ’15


Single Family Inventory - Home CountiesFeb (2004 – 2015)


Single Family Inventory - Home CountiesFeb (2004 – 2015)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Feb '04 893 8.6% 186 -13.4% 831 -29.4% 2617 -32.7% 616 -26.5%

Feb '05 918 5.7% 172 -6.4% 590 -0.5% 1865 -5.6% 448 1.1%

Feb '06 1781 -45.5% 247 -34.8% 945 -37.9% 2529 -30.4% 828 -45.3%

Feb '07 2069 -53.1% 401 -59.9% 1032 -43.1% 2904 -39.4% 871 -48.0%

Feb '08 2527 -61.6% 499 -67.7% 1633 -64.1% 5068 -65.3% 1022 -55.7%

Feb '09 2391 -59.4% 317 -49.2% 1576 -62.8% 5032 -65.0% 1005 -54.9%

Feb '10 1524 -36.4% 260 -38.1% 1346 -56.4% 3340 -47.3% 767 -40.9%

Feb '11 1600 -39.4% 299 -46.2% 1540 -61.9% 3800 -53.7% 806 -43.8%

Feb '12 1320 -26.5% 242 -33.5% 1182 -50.3% 2831 -37.8% 754 -39.9%

Feb '13 859 12.9% 124 29.8% 660 -11.1% 1350 30.4% 468 -3.2%

Feb '14 819 18.4% 128 25.8% 552 6.3% 1178 49.5% 439 3.2%

Feb '15 970 161 587 1761 453

Home Counties - Single Family Inventory (2015 vs. Prior Years)


Single Family + Condo/Townhouse Inventory - Home CountiesJan ’05 – Feb ’15

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Jan 4223 7295 8588 12447 12693 8558 10330 8140 3179 3578 4175

Feb 4839 8023 9184 13528 13079 9650 10803 8231 4296 3924 3932

Mar 5502 8827 10357 14355 13240 10910 11127 7991 4286 4322

Apr 6434 9722 11812 15513 12806 11773 11506 7630 4765 4776

May 7020 10819 12923 15787 11749 11903 11730 7712 5222 3520

Jun 7189 11493 13287 15802 11104 12691 11740 7570 5616 5322

Jul 7878 12317 13910 15948 10763 13016 11372 7306 5950 4389

Aug 8030 12122 14275 15356 10044 13072 11201 7116 5850 5378

Sep 8798 12239 13943 15192 9823 13294 10944 6523 5806 5290

Oct 8946 11490 14020 15070 9295 12440 10241 6173 5384 4863

Nov 8252 9968 13308 13849 8724 11500 9482 5292 4592 3925

Dec 6372 7874 11420 12221 7778 9825 7790 3901 3198 3174

Feb '05 4839

Feb '06 8023

Feb '07 9184

Feb '08 13528

Feb '09 13079

Feb '10 9650

Feb '11 10803

Feb '12 8231

Feb '13 4296

Feb '14 3924

Feb '15 3932

Home Counties - Single Family + Condo/Townhouse Inventory

Variance to

prior Years

Home Counties

Inventory

-18.7%

-51.0%

-57.2%

-70.9%

-69.9%

-59.3%

-63.6%

-52.2%

-8.5%

0.2%

0

2000

4000

6000

8000

10000

12000

14000

16000

Feb'05

Feb'06

Feb'07

Feb'08

Feb'09

Feb'10

Feb'11

Feb'12

Feb'13

Feb'14

Feb'15

13528

3932


Single Family Months of Inventory – San Mateo, Santa Clara, Santa Cruz

Mar ’03 – Feb ’15 (Rolling Three Month Average)


Single Family Months of Inventory – Monterey and San Benito Counties



Single Family + Condo/Townhouse Closed Sales – Home CountiesJan ’03 – Feb ’15


Single Family Closed Sales – Home CountiesJan ’04 – Feb ’15


Single Family Closed Sales – Home CountiesFeb (2004 – 2015)


Single Family Closed Sales – Home CountiesFeb (2004 – 2015)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Feb '04 202 -36.1% 56 -42.9% 353 -48.7% 886 -45.1% 131 -29.0%

Feb '05 200 -35.5% 42 -23.8% 332 -45.5% 824 -41.0% 140 -33.6%

Feb '06 168 -23.2% 24 33.3% 271 -33.2% 698 -30.4% 107 -13.1%

Feb '07 133 -3.0% 16 100.0% 257 -29.6% 661 -26.5% 130 -28.5%

Feb '08 102 26.5% 19 68.4% 212 -14.6% 424 14.6% 72 29.2%

Feb '09 289 -55.4% 55 -41.8% 208 -13.0% 579 -16.1% 87 6.9%

Feb '10 225 -42.7% 43 -25.6% 228 -20.6% 634 -23.3% 92 1.1%

Feb '11 236 -45.3% 40 -20.0% 221 -18.1% 632 -23.1% 96 -3.1%

Feb '12 212 -39.2% 49 -34.7% 275 -34.2% 689 -29.5% 122 -23.8%

Feb '13 196 -34.2% 41 -22.0% 260 -30.4% 582 -16.5% 124 -25.0%

Feb '14 136 -5.1% 38 -15.8% 202 -10.4% 509 -4.5% 105 -11.4%

Feb '15 129 32 181 486 93

Home Counties - Single Family Sales (2015 vs. Prior Years)


Single Family + Condo/Townhouse Closed Sales - Home CountiesJan ’05 – Feb ’15

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Jan 2078 1638 1539 877 1390 1529 1574 1552 1460 1330 1182

Feb 2048 1762 1658 1063 1497 1537 1648 1785 1597 1371 921

Mar 3210 2775 2248 1388 1916 2197 2399 2520 2289 1882

Apr 3407 2595 2101 1664 2158 2245 2329 2517 2468 2402

May 3376 2706 2270 1953 2355 2805 2369 2885 2780 2484

Jun 3836 2847 2353 2123 2808 2592 2633 2639 2543 2456

Jul 3396 2446 2136 2230 2788 2299 2238 2457 2643 1933

Aug 3538 2668 1962 2244 2421 2196 2446 2525 2559 2255

Sep 3312 2186 1223 2127 2503 2037 2144 2194 2258 2270

Oct 2881 2219 1426 2114 2577 1994 2008 2456 2404 2312

Nov 2667 2182 1328 1594 2138 1930 2038 2273 1899 1787

Dec 2408 2066 1201 1810 2325 2234 2201 2230 1859 1371

Feb '05 2048

Feb '06 1762

Feb '07 1658

Feb '08 1063

Feb '09 1497

Feb '10 1537

Feb '11 1648

Feb '12 1785

Feb '13 1597

Feb '14 1371

Feb '15 921

Home Counties - Single Family + Condo/Townhouse Closed Sales

-40.1%

-44.1%

-48.4%

-42.3%

-55.0%

-47.7%

-44.5%

-13.4%

-32.8%

-38.5%

Home Counties

Closed Sales

Variance to

prior Years

0

500

1000

1500

2000

2500

Feb'05

Feb'06

Feb'07

Feb'08

Feb'09

Feb'10

Feb'11

Feb'12

Feb'13

Feb'14

Feb'15

2048

921


Single Family + Condo/Townhouse New Listings - Home CountiesJan ’03 – Feb ’15


Single Family New Listings - Home CountiesJan ’04 – Feb ’15


Single Family New Listings - Home CountiesFeb (2004 – 2015)


Single Family New Listings - Home CountiesFeb (2004 – 2015)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Feb '04 327 -60.6% 74 -56.8% 583 -69.0% 1826 -73.4% 260 -64.2%

Feb '05 372 -65.3% 98 -67.3% 481 -62.4% 1577 -69.2% 208 -55.3%

Feb '06 480 -73.1% 81 -60.5% 582 -68.9% 1664 -70.8% 287 -67.6%

Feb '07 457 -71.8% 105 -69.5% 538 -66.4% 1369 -64.5% 254 -63.4%

Feb '08 505 -74.5% 124 -74.2% 669 -72.9% 1855 -73.8% 265 -64.9%

Feb '09 551 -76.6% 82 -61.0% 557 -67.5% 1678 -71.0% 224 -58.5%

Feb '10 455 -71.6% 80 -60.0% 584 -69.0% 1477 -67.1% 238 -60.9%

Feb '11 379 -66.0% 73 -56.2% 574 -68.5% 1347 -63.9% 199 -53.3%

Feb '12 385 -66.5% 76 -57.9% 499 -63.7% 1195 -59.3% 217 -57.1%

Feb '13 270 -52.2% 43 -25.6% 462 -60.8% 1003 -51.5% 182 -48.9%

Feb '14 266 -51.5% 56 -42.9% 441 -59.0% 956 -49.2% 167 -44.3%

Feb '15 129 32 181 486 93

Home Counties - Single Family New Listings (2015 vs. Prior Years)


Single Family + Condo/Townhouse New Listings - Home CountiesJan ’05 – Feb ’15

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Jan 3291 4061 3519 3947 3907 3334 3380 2890 2170 2164 1727

Feb 3561 4080 3508 4353 3867 3711 3373 3011 2534 2496 1616

Mar 4912 5140 4828 4785 4397 4649 3953 3313 3011 3081

Apr 5359 4787 4745 5185 3909 4613 3916 3151 3499 3380

May 5224 6019 5279 4934 3636 4044 3986 3551 3592 3520

Jun 5392 6152 4894 4840 3820 4423 3784 3132 3358 3209

Jul 5210 5523 4747 4530 3915 4089 3429 3096 3529 2420

Aug 5450 5356 4720 4344 3612 3867 3342 2941 3163 2850

Sep 5544 4810 4143 4632 3608 3726 3095 2619 3016 2924

Oct 5106 3763 4202 4468 3480 3267 2988 2732 2650 2497

Nov 3648 2646 3034 3098 2700 2657 2355 1923 1774 1531

Dec 1929 1666 2223 2656 2219 2088 1724 1237 1113 705

Feb '05 3561

Feb '06 4080

Feb '07 3508

Feb '08 4353

Feb '09 3867

Feb '10 3711

Feb '11 3373

Feb '12 3011

Feb '13 2534

Feb '14 2496

Feb '15 1616

Home Counties - Single Family + Condo/Townhouse New Listings

-35.3%

-58.2%

-56.5%

Variance to

prior Years

Home Counties

New Listings

-54.6%

-52.1%

-46.3%

-36.2%

-60.4%

-53.9%

-62.9%

0500

100015002000250030003500400045005000

Feb'05

Feb'06

Feb'07

Feb'08

Feb'09

Feb'10

Feb'11

Feb'12

Feb'13

Feb'14

Feb'15

4353

1616


Single Family Median Prices - Home CountiesJan ’04 – Feb ’15


Single Family Median Prices - Home CountiesFeb (2004 – 2015)


Single Family Median Prices - Home CountiesFeb (2004 – 2015)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Feb '04 $471,500 9.2% $423,250 3.1% $694,000 78.7% $566,200 67.8% $560,000 24.5%

Feb '05 $635,000 -18.9% $555,000 -21.4% $831,500 49.1% $705,000 34.8% $730,000 -4.5%

Feb '06 $700,000 -26.4% $600,000 -27.3% $862,000 43.9% $765,000 24.2% $712,000 -2.1%

Feb '07 $657,000 -21.6% $585,000 -25.4% $870,000 42.5% $790,000 20.3% $720,000 -3.2%

Feb '08 $472,500 9.0% $381,500 14.4% $909,000 36.4% $780,000 21.8% $692,500 0.6%

Feb '09 $215,000 139.5% $255,000 71.2% $574,950 115.7% $448,500 111.8% $425,000 64.0%

Feb '10 $250,000 106.0% $279,000 56.5% $654,500 89.5% $550,000 72.7% $500,000 39.4%

Feb '11 $240,000 114.6% $285,000 53.2% $634,000 95.6% $528,000 79.9% $451,000 54.5%

Feb '12 $265,450 94.0% $260,000 67.9% $589,000 110.5% $540,000 75.9% $499,500 39.5%

Feb '13 $305,000 68.9% $330,000 32.3% $800,000 55.0% $712,250 33.4% $449,000 55.2%

Feb '14 $500,000 3.0% $397,000 9.9% $977,500 26.9% $800,000 18.8% $598,000 16.6%

Feb '15 $515,000 $436,500 $1,240,000 $950,000 $697,000

Home Counties - Single Family Median Price (2015 vs. Prior Years)


Single Family + Condo/Townhouse Median Price - Home CountiesJan ’05 – Feb ’15

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Jan $625,000 $695,000 $699,000 $660,000 $380,000 $450,000 $435,500 $415,000 $540,000 $640,000 $683,000

Feb $651,000 $699,950 $705,000 $680,000 $381,000 $465,400 $420,000 $438,875 $555,000 $668,000 $823,188

Mar $669,000 $707,000 $740,000 $677,750 $369,000 $499,900 $460,000 $475,000 $615,000 $729,000

Apr $685,000 $704,865 $775,000 $655,000 $404,000 $500,000 $480,000 $502,500 $676,250 $735,000

May $685,000 $725,000 $775,000 $650,000 $415,000 $522,500 $477,750 $527,500 $688,945 $748,500

Jun $708,000 $740,000 $768,500 $639,000 $460,000 $525,500 $515,000 $559,000 $670,000 $765,000

Jul $700,000 $725,000 $759,975 $595,000 $487,750 $535,000 $484,500 $565,000 $692,000 $718,000

Aug $710,000 $720,000 $761,000 $545,445 $476,000 $510,500 $490,000 $560,000 $670,000 $738,000

Sep $695,000 $715,000 $750,000 $490,000 $469,825 $500,000 $465,000 $560,000 $670,000 $730,000

Oct $699,000 $711,500 $758,000 $477,200 $487,944 $500,000 $455,000 $567,000 $668,150 $750,000

Nov $700,000 $709,000 $750,000 $435,000 $500,000 $492,000 $437,500 $565,000 $659,250 $745,000

Dec $690,500 $695,000 $702,900 $410,000 $480,000 $463,750 $440,000 $563,000 $655,000 $801,000

Feb '05 $651,000

Feb '06 $699,950

Feb '07 $705,000

Feb '08 $680,000

Feb '09 $381,000

Feb '10 $465,400

Feb '11 $420,000

Feb '12 $438,875

Feb '13 $555,000

Feb '14 $668,000

Feb '15 $823,188

Home Counties - Single Family + Condo/Townhouse Median Price

23.2%

Home Counties

Median Price

Variance to

prior Years

26.4%

17.6%

87.6%

48.3%

16.8%

21.1%

116.1%

76.9%

96.0%

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

Feb'05

Feb'06

Feb'07

Feb'08

Feb'09

Feb'10

Feb'11

Feb'12

Feb'13

Feb'14

Feb'15

$705,000

$823,188


Single Family Average Price - Home CountiesJan ’04 – Feb ’15


Single Family Average Price - Home CountiesFeb (2004 – 2015)


Single Family Average Price - Home CountiesFeb (2004 – 2015)

Monterey

County

San Benito

County

San Mateo

County

Santa Clara

County

Santa Cruz

County

Feb '04 $649,922 31.7% $462,748 3.1% $931,602 58.7% $717,332 84.8% $662,199 9.8%

Feb '05 $915,464 -6.5% $618,052 -22.8% $1,050,825 40.7% $893,863 48.3% $765,650 -5.1%

Feb '06 $996,902 -14.1% $674,225 -29.2% $1,090,801 35.5% $939,605 41.1% $777,641 -6.5%

Feb '07 $871,640 -1.8% $627,956 -24.0% $1,098,123 34.6% $971,443 36.4% $872,820 -16.7%

Feb '08 $1,025,891 -16.5% $412,094 15.8% $1,444,257 2.3% $988,772 34.1% $864,634 -15.9%

Feb '09 $360,971 137.2% $279,332 70.8% $763,741 93.5% $559,413 136.9% $493,808 47.2%

Feb '10 $396,900 115.7% $310,577 53.6% $905,667 63.2% $709,449 86.8% $542,540 34.0%

Feb '11 $406,676 110.5% $332,223 43.6% $860,819 71.7% $673,797 96.7% $627,227 15.9%

Feb '12 $489,220 75.0% $305,267 56.3% $789,393 87.2% $737,511 79.7% $536,252 35.5%

Feb '13 $452,132 89.3% $349,778 36.4% $1,183,855 24.8% $912,309 45.3% $551,648 31.7%

Feb '14 $940,017 -8.9% $426,501 11.9% $1,248,928 18.3% $1,038,448 27.6% $654,917 11.0%

Feb '15 $856,111 $477,046 $1,477,993 $1,325,526 $726,779

Home Counties - Single Family Average Price (2015 vs. Prior Years)


Condo/Townhouse Business Outlook – Home CountiesFeb ’14 vs. Feb ’15


Condo/Townhouse Months of Inventory – San Mateo, Santa Clara, Santa Cruz



Condo/Townhouse Months of Inventory – Monterey and San Benito Counties


market indicators - general overview - february 2015

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