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Climb's Real Estate Market Report for Q1 2016

Date post: 28-Jul-2016
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Climb Real Estate's real estate market report for San Francisco is now available for Q1 2016. Home sales prices continue to rise; single-family homes were up 16.9% over last year to an median sales price of $1.3M. Condo and loft sales prices have slowed to a 1.9% increase with an median sales price of $1.1M. Inventory for both single-family homes and condos is finally back over a 1-month supply, with 1.7 and 2.0 months' supply respectively.
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MEDIAN SALES PRICE Q1 2016 Q1 2015 Q1 2016 Q1 2015 $1.3M $1.1M $1.1M $1.1M DAYS ON MARKET UNTIL SALE Q1 2016 Q1 2015 Q1 2016 Q1 2015 32.3 days 33.2 days 51.1 days 47.5 days climbsf.com YEAR-OVER-YEAR CHANGE YEAR-OVER-YEAR CHANGE Climb Market Report CONDOS & LOFTS SINGLE-FAMILY HOMES + 16.9% + 1.9% SINGLE-FAMILY HOMES CONDOS & LOFTS Q1 2016 PRICES ARE UP IN THE SAN FRANCISCO AREA. Q1 2016 SAW A 16.9% RISE IN SINGLE-FAMILY HOMES TO $1.3M AND A 1.9% RISE IN CONDOS & LOFTS TO $1.1M. © 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED. All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K. + 7.6% YEAR-OVER-YEAR CHANGE YEAR-OVER-YEAR CHANGE - 2.8% $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 20 30 40 50 60 70 80 90 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 SINGLE-FAMILY CONDO & LOFT SINGLE-FAMILY CONDO & LOFT CLIMB MARKET REPORT
Transcript

MEDIAN SALES PRICE

Q1 2016 Q1 2015 Q1 2016 Q1 2015

$1.3M $1.1M $1.1M $1.1M

DAYS ON MARKET UNTIL SALE

Q1 2016 Q1 2015 Q1 2016 Q1 2015

32.3 days 33.2 days 51.1 days 47.5 days

climbsf.com

YEAR-OVER-YEAR CHANGE YEAR-OVER-YEAR CHANGE

Climb Market Report

CONDOS & LOFTSSINGLE-FAMILY HOMES

+ 16.9% + 1.9%

SINGLE-FAMILY HOMES CONDOS & LOFTS

Q1 2016

PRICES ARE UP IN THE SAN FRANCISCO AREA. Q1 2016 SAW A 16.9% RISE IN

SINGLE-FAMILY HOMES TO $1.3M AND A 1.9% RISE IN CONDOS & LOFTS TO $1.1M.

© 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED.All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K.

+ 7.6%YEAR-OVER-YEAR CHANGE YEAR-OVER-YEAR CHANGE

- 2.8%

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

20

30

40

50

60

70

80

90

1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

SINGLE-FAMILY

CONDO & LOFT

SINGLE-FAMILY

CONDO & LOFT

CLIMB MARKET REPORT

PRICE PER SQ FT

Q1 2016 Q1 2015 Q1 2016 Q1 2015

$856 psf $791 psf $1,036 psf $1,003 psf

Q1 2016 Q1 2015 Q1 2016 Q1 2015

349 428 472 506

Q1 2016 Q1 2015 Q1 2016 Q1 2015

113.2% 112.4% 105.3% 108.2%

Q1 2016 Q1 2015 Q1 2016 Q1 2015

1.7 mo 1.8 mo 2.0 mo 1.7 mo

© 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED.All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K.

Q1 2016

climbsf.com

YEAR-OVER-YEAR CHANGE YEAR-OVER-YEAR CHANGE

SINGLE-FAMILY HOMES CONDOS & LOFTS

+ 8.2% + 3.3%YEAR-OVER-YEAR CHANGE YEAR-OVER-YEAR CHANGE

YEAR-OVER-YEAR CHANGE YEAR-OVER-YEAR CHANGE

CONDOS & LOFTS

- 7.1%

SINGLE-FAMILY HOMES CONDOS & LOFTS

+ 0.7% - 2.6%

CONDOS & LOFTS

- 18.5% - 6.7%

SINGLE-FAMILY HOMES

+ 22.4%

PCT. OF LIST PRICE RECEIVED

MONTHS SUPPLY

SOLD LISTINGS

YEAR-OVER-YEAR CHANGE YEAR-OVER-YEAR CHANGE

SINGLE-FAMILY HOMES

CLIMB MARKET REPORT

90.0%

100.0%

110.0%

120.0%

1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

0.0

1.0

2.0

3.0

4.0

1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

$400

$500

$600

$700

$800

$900

$1,000

$1,100

1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

300

400

500

600

700

800

900

1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016

SINGLE-FAMILY

CONDO & LOFT

SINGLE-FAMILY

CONDO & LOFT

SINGLE-FAMILY

CONDO & LOFT

SINGLE-FAMILY

CONDO & LOFT

Activity by District

1 Richmond Northwest (Sea Cliff, Lake, Jordan Pk / Laurel Hts, Outer/Central/Inner Richmond, Lone Mtn)

2 Sunset Central West (Outer Sunset, Central Sunset, Inner Sunset, Outer Parkside, Parkside, Inner Parkside, Golden Gate Heights)

3 Lake Merced Southwest (Pine Lake Park, Lake Shore, Merced Manor, Stonestown, Lakeside, Merced Heights, Ingleside, Ingleside Heights, Oceanview)

4 West Portal / St Francis Wood Twin Peaks W (Frst Hill & Ext, W Prtl, St Frncs Wd, Blboa Terr, Mt Dv Mnr, Inglsd Terr, Mntry Hts, Wstwd Pk & H'lnds, Shrwd Fst, Mirlma Pk, Dmnd Hts, Mdtwn Terr)

5 Cole Valley, Noe Valley, Castro Central (Haight Ashbury, Cole Vly / Prnssus Hts, Clrndn Hts, Crna Hts, Twn Pks, Gln Pk, Noe Vly, Eurka Vly / Dlrs Hts, Mssn Dlrs, Duboce Trngl, Bna Vsta / Ashbry Hts)

6 Hayes Valley & Panhandle Central North (Lower Pacific Heights, Anza Vista, Western Addition, North Panhandle, Alamo Square, Hayes Valley)

7 Marina & Pacific Heights North (Marina, Cow Hollow, Presidio Heights, Pacific Heights)

8 North Beach & Russian Hill Northeast (North Waterfront, North Beach, Russian Hill, Telegraph Hill, Nob Hill, Financial Dist / Barbary Coast, Dwntwn, Van Ness / Civic Cntr, Tenderloin)

9 South Beach and SoMa Central East (Yerba Buena, South Beach, South of Market, Mission Bay, Inner Mission, Potrero Hill, Central Waterfront / Dogpatch, Bernal Heights)

10 Outer Mission & Bayview Southeast (Outer Mission, Mission Terr, Excelsior, Portola, Bayvw, Silver Terr, Hntrs Pt, Candlestick Pt, Bayvw Hts, Little H'wood, Visitation Vly, Crocker Amazon)

Single-Family Homes Q1-2015 Q1-2016 + / – Q1-2015 Q1-2016 + / – Q1-2015 Q1-2016 + / – Q1-2015 Q1-2016 + / – Q1-2015 Q1-2016 + / –

1 Richmond $1.72M $1.90M +10.3% 22 35 +57.6% $830 $858 +3.4% 34 29 -14.7% 111.7% 109.0% -2.4%

2 Sunset $1.08M $1.16M +7.7% 28 32 +14.5% $711 $808 +13.6% 68 62 -8.8% 114.0% 119.6% +4.9%

3 Lake Merced $0.85M $1.08M +27.2% 40 31 -23.5% $638 $696 +8.9% 23 34 +47.8% 114.9% 117.0% +1.8%

4 West Portal / St Francis Wood $1.25M $1.49M +19.0% 45 25 -45.4% $732 $830 +13.5% 53 48 -9.4% 113.9% 113.5% -0.4%

5 Cole Valley, Noe Valley, Castro $2.10M $2.28M +8.5% 25 30 +19.8% $1,106 $1,134 +2.6% 65 47 -27.7% 113.6% 114.3% +0.6%

6 Hayes Valley & Panhandle $1.51M $2.83M +87.7% 51 69 +34.6% $1,318 $1,184 -10.2% 4 3 -25.0% 100.5% 109.2% +8.7%

7 Marina & Pacific Heights $5.20M $3.65M -29.8% 25 34 +36.4% $1,438 $1,597 +11.1% 19 17 -10.5% 108.5% 100.1% -7.7%

8 North Beach & Russian Hill $2.10M $4.00M +90.5% 27 18 -33.3% $2,174 $1,127 -48.2% 3 1 -66.7% 112.1% 94.1% -16.1%

9 South Beach and SoMa $1.40M $1.42M +1.4% 25 27 +5.7% $912 $991 +8.7% 59 37 -37.3% 114.8% 117.0% +1.9%

10 Outer Mission & Bayview $0.72M $0.81M +12.9% 43 39 -9.1% $573 $609 +6.3% 100 71 -29.0% 109.4% 108.2% -1.1%

Condos & Lofts Q1-2015 Q1-2016 + / – Q1-2015 Q1-2016 + / – Q1-2015 Q1-2016 + / – Q1-2015 Q1-2016 + / – Q1-2015 Q1-2016 + / –

1 Richmond $1.20M $1.11M -7.3% 44 46 +6.3% $820 $873 +6.4% 15 24 +60.0% 111.8% 114.1% +2.1%

2 Sunset $0.81M $1.40M +73.9% 76 36 -52.6% $658 $801 +21.7% 9 6 -33.3% 106.0% 110.7% +4.4%

3 Lake Merced $0.50M $0.70M +41.8% 28 28 +0.1% $643 $659 +2.5% 7 13 +85.7% 107.6% 106.7% -0.8%

4 West Portal / St Francis Wood $0.60M $0.65M +8.3% 26 57 +118.0% $702 $744 +6.0% 9 5 -44.4% 111.1% 102.7% -7.6%

5 Cole Valley, Noe Valley, Castro $1.15M $1.26M +9.1% 41 50 +22.1% $1,043 $1,020 -2.2% 74 58 -21.6% 115.2% 107.2% -6.9%

6 Hayes Valley & Panhandle $0.97M $1.20M +23.8% 45 55 +20.7% $934 $992 +6.2% 54 48 -11.1% 112.0% 108.5% -3.1%

7 Marina & Pacific Heights $1.60M $1.67M +3.9% 34 53 +59.2% $1,146 $1,227 +7.1% 57 39 -31.6% 111.1% 104.5% -5.9%

8 North Beach & Russian Hill $1.02M $0.91M -10.8% 56 51 -9.5% $987 $1,086 +10.0% 64 55 -14.1% 106.0% 104.5% -1.4%

9 South Beach and SoMa $1.05M $1.08M +2.9% 49 52 +5.2% $1,049 $1,095 +4.4% 208 212 +1.9% 104.3% 103.4% -0.9%

10 Outer Mission & Bayview $0.72M $0.62M -13.7% 107 56 -47.7% $589 $588 -0.2% 9 12 +33.3% 106.3% 103.8% -2.4%

% of List Price Received

© 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED.All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K.

Q1 2016

climbsf.com

Median Sales Price Days on Market Price Per Sq Ft Sold Listings

Key metrics by report quarter for the districts of San Fransisco.

CLIMB MARKET REPORT

© 2016 San Francisco Association of REALTORS®. All data subject to ERRORS, OMISSIONS or REVISIONS and is not WARRANTED.All information deemed reliable but is not guaranteed. Search all SFARMLS listings at www.sfrealtors.com. Powered by ShowingTime 10K.

With over 11 years of experience in marketing and collective sales in excess of a billion dollars, Climb Real Estate Group offers unparalleled marketing and sales expertise with offices in Potrero Hill, Noe Valley, Mission Bay, and Oakland’s Jack London Square.

Climb Real Estate is a recognized leader in the marketing and sales of Bay Area residential real estate. The San Francisco-based independent and locally-owned brokerage is proud to be the leader in the purchase and sale of a diverse array of homes: from $80,000 parking spots to million-dollar mansions, new development studios to luxurious view penthouses, live/work lofts to charming bungalows and single-family homes.

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1 POTRERO HILL OUR FLAGSHIP OFFICE IN THE DESIGN CENTER IS MODERN, OPEN AND ACCESSIBLE.

2 NOE VALLEY ONE OF OUR NEWEST LOCATIONS IS IN THE HEART OF 24TH STREET.

3 MISSION BAY LOCATED ON BERRY STREET, THIS NEW-CONCEPT REAL ESTATE OFFICE PROVIDES A RETAIL OUTPOST WITH LOCAL SF-MADE PRODUCTS.

4 JACK LONDON SQUARE OUR NEWEST LOCATION IS THE DESTINATION OF THE EAST BAY.

5 AIRSTREAM AND OUR INNOVATIVE MOBILE DWR TRAILER ON THE STREETS OF SAN FRANCISCO.

1 2 3

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