intero real estate services feb. 2016 market report

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®


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®


Wine Country


LIC.#




San Francisco


LIC.#




North PeninsulaBelmont, Burlingame, Foster City,

Hillsborough, Redwood City, Redwood Shores, San Carlos, San Mateo


LIC.#




Pacific CoastCarmel, Monterey, Pebble Beach, Santa Cruz


LIC.#







LIC.#




Mid PeninsulaAtherton, Los Altos, Los Altos Hills, Menlo Park,

Palo Alto, Woodside


LIC.#




South CountyGilroy, Hollister, Morgan Hill


LIC.#



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








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


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


< $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


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.


Silicon ValleyCupertino, Los Gatos, Mountain View,

San Jose, Saratoga, Sunnyvale


LIC.#






Average Sold Price

$1,181,000

Total Homes Sold

331



30

Market Highlights

Average List Price

$1,640,000

Silicon Valley



41

Silicon Valley

Home PriceRange

HomesFor Sale


< $500K 10 -67%

$500K - $1M 209 -14%

$1M - $3M 286 49%

$3M - $5M 24 -11%

$5M - $10M 14 17%

$10M + 3 -67%

Inventory



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


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


Pricing



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


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


< $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


31

41

31

25

21 21 20 20 2123

28 27

31

35

32

10

15

20

25

30

35

40

45


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.


North PeninsulaBelmont, Burlingame, Foster City,

Hillsborough, Redwood City, Redwood Shores, San Carlos, San Mateo


LIC.#






Average Sold Price

$1,718,000

Total Homes Sold

87



19

Market Highlights

Average List Price

$2,940,000

North Peninsula



30

North Peninsula

Home PriceRange

HomesFor Sale


< $500K 1 0%

$500K - $1M 17 -32%

$1M - $3M 89 37%

$3M - $5M 19 90%

$5M - $10M 8 -43%

$10M + 4 33%

Inventory



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



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


Pricing



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


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


< $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


24

30

19

1617

12

18 18

15

18

23

1921

22

19

0

5

10

15

20

25

30

35


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.


Mid PeninsulaAtherton, Los Altos, Los Altos Hills, Menlo Park, Palo Alto, Woodside


LIC.#






Average Sold Price

$2,749,000

Total Homes Sold

49



29

Market Highlights

Average List Price

$6,169,000

Mid Peninsula



93

Mid Peninsula

Home PriceRange

HomesFor Sale


< $500K 0 N/A

$500K - $1M 3 200%

$1M - $3M 44 13%

$3M - $5M 43 48%

$5M - $10M 25 19%

$10M + 26 73%

Inventory



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



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.


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


Pricing



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


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


< $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


34

41

23 23

18 1921

1922 22

16

22

34

38

29

0

5

10

15

20

25

30

35

40

45


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.


South CountyGilroy, Hollister, Morgan Hill


LIC.#






Average Sold Price

$674,000

Total Homes Sold

92



41

Market Highlights

Average List Price

$1,178,000

South County



7

South County

Home PriceRange

HomesFor Sale


< $500K 27 -29%

$500K - $1M 108 20%

$1M - $3M 50 -6%

$3M - $5M 3 -25%

$5M - $10M 2 0%

$10M + 2 N/A

Inventory



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


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.


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


Pricing



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


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


< $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


63 63

49 49

33

3836

3229 30

41 40

4749

41

0

10

20

30

40

50

60

70


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.


San Francisco


LIC.#






Average Sold Price

$1,623,000

Total Homes Sold

95



41

Market Highlights

Average List Price

$2,062,000

San Francisco



24

San Francisco

Home PriceRange

HomesFor Sale


< $500K 2 -60%

$500K - $1M 67 -23%

$1M - $3M 92 64%

$3M - $5M 11 38%

$5M - $10M 9 -10%

$10M + 4 0%

Inventory



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



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.


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


Pricing



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


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


< $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


39

42

37

31

28

31

38

3331

36

33

30

36

42 41

15

20

25

30

35

40

45


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.


Wine Country


LIC.#






Average Sold Price

$707,000

Total Homes Sold

20



68

Market Highlights

Average List Price

$1,621,000

Wine Country



6

Wine Country

Home PriceRange

HomesFor Sale


< $500K 6 -63%

$500K - $1M 25 79%

$1M - $3M 18 -14%

$3M - $5M 4 100%

$5M - $10M 1 0%

$10M + 1 -67%

Inventory



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



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


Pricing



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


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


< $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


8077 77

6461

5346

58 5659

67 6571 72

68

0

10

20

30

40

50

60

70

80

90


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.


Pacific CoastCarmel, Monterey, Pebble Beach, Santa Cruz


LIC.#



LIC.#






Photo by Fettes Digital Media

Average Sold Price

$1,210,000

Total Homes Sold

67



61

Market Highlights

Average List Price

$3,240,000

Pacific Coast



76

Pacific Coast

Home PriceRange

HomesFor Sale


< $500K 0 -100%

$500K - $1M 61 -36%

$1M - $3M 131 -4%

$3M - $5M 36 16%

$5M - $10M 24 14%

$10M + 16 60%

Inventory



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



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


Pricing



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


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


< $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


65

87

7975

68

55

38

4653

7269

7370

63 61

0

10

20

30

40

50

60

70

80

90

100


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.

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intero real estate services feb. 2016 market report

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