Wine Country Market Update | Q1 2014

All data within this document is pulled from the Bay Area Real Estate Information Services (BAREIS)

Wine Country Market UpdateFirst Quarter 2014

sonoma & napa - wine country Brokerages

25 East Napa Street, Sonoma | t: 707.935.2288

722 Broadway Street, Sonoma | t: 707.939.2230

428 First Street East, Sonoma | t: 707.939.4460

sothebyshomes.com

St. Helena, CA | web: 1190047

http://www.sothebyshomes.com/Sonoma-Real-Estate


a message From our manager: Jeffrey g. gibson

the first quarter of 2014 is off to a promising start for the wine country real estate market as compared to the first quarter of 2013, according to the Bay area real estate information services (Bareis). the increase in inventory in sonoma Valley, particularly of homes priced more than $500,000, led to a 66 percent jump in overall sales volume in sonoma Valley. st. Helena and Healdsburg also both saw increases in sales volume, a 28 percent increase in st. Helena and a 13 percent increase in Healdsburg.

the average sales price for single family homes (sFH) in sonoma Valley increased 60 percent, from $576,111 in 2013 to $924,563 in 2014. the average sales price in petaluma and cotati increased from $473,458 in 2013 to $550,402 in 2014, a 16 percent growth. the following charts depict market details of sonoma Valley, napa, st. Helena, Healdsburg, petaluma and cotati.

sonoma VaLLey market summary (sFH)

napa city summary (sFH)

Light inventory and the strong buyer demand in the first

quarter of 2014 has resulted in a significant 66 percent

increase in overall sales volume year over year. The total

sales volume in the first quarter of 2014 was $78,587,836.

Average sales prices of single-family homes in Sonoma

Valley increased from $576,111 in the first quarter of

2013, to $924,563 in the first quarter of 2014. Average

sales prices of homes more than $1 million jumped up

40 percent and prices of homes less than $500,000

increased 10 percent.

In the City of Napa, the average sales price for single-

family homes rose 25 percent in comparison to 2013,

with the average home selling for $607,395 in the first

quarter of 2014. The average price of homes selling in the

$500,000-$1,000,000 price range decreased slightly

by one percent, while the total number of units sold in

that price range increased by 16 percent. The shortage

of inventory of homes less than $500,000 resulted in

a 41 percent drop in their sales volume. Homes in the

$500,000-$1,000,000 range saw a 14 percent increase

in sales volume, and sales volume of homes in the $1

million+ range increased 31 percent.

14%

30%56%

Q1-2014 - SONOMA VALLEY VOLUME

< $500k

$500k - $1.0M

$1.0M and up

30%

47%

23%

Q1-2014 - NAPA VOLUME

< $500k

$500k - $1.0M

$1.0M and up

Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.

http://www.sirwinecountrymanager.com/

3

SINGLE FAMILY HOME SALES

Approximately 40 miles north of San Francisco, Sonoma real estate is perfectly

situated to maximize residents’ quality of life. Although world-renowned as

a wine mecca, Sonoma maintains the tight-knit feel of a small community,

with a charming downtown. In 1846, the California Republic declared its

independence from Mexico, with Sonoma named the capital of this short-

lived sovereign state. Consequently, Sonoma is known as the birthplace of

California, a town rich in history surrounded by breathtaking natural beauty.

sonoma VaLLey

PRICE RANGE 2011 2012 2013 2014 % CHANGE(2014 v 2013)

up to $500,000 50 57 50 29 -42%

$500k - $1m 24 29 22 35 59%

$1,000,000 and up 9 12 10 21 110%

TOTALS 83 98 82 85 4%

Q1 CLOSED UNITS: # OF SIDES (SFH)


up to $500,000 $15,930,940 $18,373,649 $17,084,150 $10,867,663 -36%

$500k - $1m $17,230,650 $20,021,000 $15,225,150 $23,713,173 56%

$1,000,000 and up $15,910,000 $31,050,100 $14,931,775 $44,007,000 195%

TOTALS $49,071,590 $69,444,749 $47,241,075 $78,587,836 66%

Q1 CLOSED VOLUME (SFH)


up to $500,000 $318,619 $322,345 $341,683 $374,747 10%

$500k - $1m $717,944 $690,379 $692,052 $677,519 -2%

$1,000,000 and up $1,767,778 $2,587,508 $1,493,178 2,095,571 40%

TOTALS $591,224 $708,620 $576,111 $924,563 60%

Q1 AVERAgE SALES pRICE (SFH)

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2011 2012 2013 2014

Average List Price Average Sales Price

70

75

80

85

90

95

100

2011 2012 2013 2014

$-

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

$90,000,000

2011 2012 2013 2014




4SERVINg SONOMA AND NApA | sothebyshomes.com/sonoma-real-estate


The City of Napa, at the southern end of Napa Valley, was incorporated in

1872, and reincorporated again in 1874 as the City of Napa. Napa became the

primary business and economic center for the Napa Valley by the early 20th

century. Napa is a world-class destination for wine country excursions with

tasting bars and large wineries, including the Michael Mondavi Family Estate

and the Domaine Carneros winery.

napa


up to $500,000 152 158 127 66 -48%

$500k - $1m 27 37 50 58 16%

$1,000,000 and up 13 13 10 12 20%

TOTALS 192 208 187 136 -27%



up to $500,000 $45,087,410 $46,386,112 $42,681,621 $25,060,151 -41%

$500k - $1m $17,830,785 $24,339,653 $33,901,550 $38,804,920 14%

$1,000,000 and up $21,542,269 $24,695,000 $14,320,000 $18,740,600 31%

TOTALS $84,460,464 $95,420,765 $90,903,171 $82,605,671 -9%



up to $500,000 $296,628 $293,583 $336,076 $379,699 13%

$500k - $1m $660,399 $657,828 $678,031 $669,050 -1%

$1,000,000 and up $1,657,098 $1,899,615 $1,432,000 $1,561,717 9%

TOTALS $439,898 $458,754 $486,113 $607,395 25%


$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

2011 2012 2013 2014


-

50

100

150

200

250

2011 2012 2013 2014

$75,000,000

$80,000,000

$85,000,000

$90,000,000

$95,000,000

$100,000,000

2011 2012 2013 2014




5


Located north of Napa, Yountville and Oakville, St. Helena is referred to as the

heart of Napa Valley. St. Helena has a population of just 5,000 people, spans

approximately four square miles and is home to some of the best wineries,

restaurants and shopping in Wine Country as well as some of the most

exquisite estate properties in Wine Country.

st. HeLena


up to $500,000 2 4 3 1 -67%

$500k - $1m 8 6 17 7 -59%

$1,000,000 and up 1 9 6 9 50%

TOTALS 11 19 26 17 -35%



up to $500,000 $792,755 $1,718,000 $1,205,000 $475,000 -61%

$500k - $1m $5,960,000 $4,150,400 $12,416,000 $5,487,000 -56%

$1,000,000 and up $1,459,062 $19,455,000 $9,037,500 $23,007,000 155%

TOTALS $8,211,817 $25,323,400 $22,658,500 $28,969,000 28%



up to $500,000 $396,378 $429,500 $401,667 $475,000 18%

$500k - $1m $745,000 $691,733 $730,353 $783,857 7%

$1,000,000 and up $1,459,062 $2,161,667 $1,506,250 $2,556,333 70%

TOTALS $746,529 $1,332,811 $871,481 $1,704,059 96%


$- $200,000 $400,000 $600,000 $800,000

$1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000

2011 2012 2013 2014


-

5

10

15

20

25

30

2011 2012 2013 2014

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

2011 2012 2013 2014




6SERVINg SONOMA AND NApA | sothebyshomes.com/sonoma-real-estate


The towns of petaluma and Cotati offer a little slice of California history to all

who come to sample their Victorian delights. petaluma offers many colorful

family events that provide opportunities to escape the everyday hustle and

bustle of life. The great petaluma Mill, which stands guard over the west bank,

is one of the oldest structures in town. Cotati provides an eclectic assortment

of restaurants, shops and services, and has one of only two hexagonally

designed town plazas in the United States.

petaLuma and cotati


up to $500,000 104 147 101 50 -50%

$500k - $1m 31 35 44 64 45%

$1,000,000 and up 2 1 5 4 -20%

TOTALS 137 183 150 118 -21%



up to $500,000 $34,598,745 $47,689,668 $37,571,429 $20,246,711 -46%

$500k - $1m $20,470,593 $21,523,600 $26,712,250 $39,798,727 49%

$1,000,000 and up $2,510,000 $1,080,000 $6,735,000 $4,902,000 -27%

TOTALS $57,579,338 $70,293,268 $71,018,679 $64,947,438 -9%



up to $500,000 $332,680 $324,420 $371,994 $404,934 9%

$500k - $1m $660,342 $614,960 $607,097 $621,855 2%

$1,000,000 and up $1,255,000 $1,080,000 $1,347,000 $1,225,500 -9%

TOTALS $420,287 $384,116 $473,458 $550,402 16%


- 20 40 60 80

100 120 140 160 180 200

2011 2012 2013 2014

$-

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

$70,000,000

$80,000,000

2011 2012 2013 2014

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

2011 2012 2013 2014





7


The quaint hamlet of Healdsburg, located at the gateway of Sonoma County’s

diverse wine growing region, is just 75 miles north of San Francisco. Healdsburg

is a vibrant community with world-wide recognition as a popular destination

for visitors looking to experience the American Tuscany. It is a welcome retreat,

catering to its visitors and residents with first class hotels, spas, restaurants

and boutiques. Many Victorian and Craftsman style homes reflect the towns

rich 150 year old heritage.

HeaLdsBurg


up to $500,000 23 26 20 13 -35%

$500k - $1m 16 10 12 16 33%

$1,000,000 and up 3 4 6 9 50%

TOTALS 42 40 38 38 0%



up to $500,000 $7,441,917 $8,559,100 $7,388,350 $5,113,000 -31%

$500k - $1m $10,797,500 $6,976,500 $7,971,800 $11,954,000 50%

$1,000,000 and up $4,865,000 $13,383,000 $13,325,000 $15,448,650 16%

TOTALS $23,104,417 $28,918,600 $28,685,150 $32,515,650 13%



up to $500,000 $323,562 $329,196 $369,418 $393,308 6%

$500k - $1m $674,844 $697,650 $664,317 $747,125 12%

$1,000,000 and up $1,621,667 $3,345,750 $2,220,833 $1,716,517 -23%

TOTALS $550,105 $722,965 $754,872 $855,675 13%


$- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000

$1,000,000

2011 2012 2013 2014


36

37

38

39

40

41

42

43

2011 2012 2013 2014

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

2011 2012 2013 2014




NAPA vINEyARd ESTATEweb id: 0243533 | $5,495,000

estate residence situated on approximately

38 acres. includes an approximately 5-acre

cabernet sauvignon vineyard.

ginger martin 415.516.3939

carol sebastiani 415.290.3123

GLEN ELLEN RETREATweb id: 0243370 | $2,695,000

with voluminous rooms, high ceilings and

many windows, this is a wine country home

that dances with daylight.

donald van de mark | 707.337.2227

EASTSIdE SONOmA OffERINGweb id: 1190049 | $2,100,000

approximately 14 acres with an updated

main home plus guest house studio, pool,

ancient oaks and meadows.

daniel casabonne | 707.939.2222

featured properties




Auction & Exhibition Calendar 2014

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Shown Above Left: WILLARD LEROY METCALF (1858 – 1925)A SEASIDE PASTURESIGNED W L METCALF (LOWER LEFT)OIL ON CANVASPAINTED IN 1910.26 BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014

NEW YORK APRIL 1 A Modern Library: The Gordon Waldorf

Collection 1 John James Audubon: The Birds of America,

The Viviparous Quadrupeds of North America 1 The Inventive Eye: Photographs from a

Private Collection 2 Photographs 8 Important Russian Works of Art, European

Silver, and Vertu 16 American Paintings, Drawings & Sculpture29 Magnificent Jewels

LONDON APRIL 1 Made in Britain 8 The Orientalist Sale 9 Arts of the Islamic World 16 Finest and Rarest Wines 29 Furniture Collections 29 Travel, Atlases, Maps & Natural History 30 Old Master & British Paintings

PARIS APRIL 1 Picasso and the Nude: Fifty Drawings from

the Marina Picasso Collection

We invite you to explore our real estate listings at sothebyshomes.com

and view the worldwide auction schedule at sothebys.com.

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Wine Country Market Update | Q1 2014

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