san francisco market update | q3 2014

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All data within this document is pulled from the San Francisco MLS. San Francisco Market Update Third Quarter 2014 SAN FRANCISCO BROKERAGE 117 Greenwich Street San Francisco, CA 94111 t. 415.901.1700 sothebyshomes.com San Francisco, CA | web: 0086861 Photography by Jacob Elliott

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Page 1: San Francisco Market Update | Q3 2014

All data within this document is pulled from the San Francisco MLS.

San Francisco Market UpdateThird Quarter 2014

San FranciSco Brokerage

117 greenwich Street

San Francisco, ca 94111

t. 415.901.1700

sothebyshomes.com

San Francisco, ca | web: 0086861Photography by Jacob elliott

Page 2: San Francisco Market Update | Q3 2014

Source: SFARMLS - July 1-Sept 30 each year.

2010 2011 2012 2013 2014

San FranciSco (ToTal) 578 626 638 705 612

DiSTricT 1 48 48 49 60 58

DiSTricT 4 63 64 74 78 69

DiSTricT 5 64 78 97 93 71

DiSTricT 6 12 3 8 12 6

DiSTricTS 7 anD 8 42 33 21 36 29

DiSTricT 9 47 64 70 70 69

A MESSAGE FROM OUR MANAGER: Jeffrey G. GibsonAs the Third Quarter of 2014 closes, the San Francisco real estate market remains

driven, but tight when compared to the Third Quarter of 2013 according to the San

Francisco Multiple Listing Service. In looking at year-over-year comparisons of the Third

Quarter, the average sales price for Single Family Homes across all of San Francisco

increased 6.9 percent. However, due to historically low available inventory, the total

number of closed Single Family Home sales decreased in every district, with an average

decrease of 13.2 percent across the city. The message is clear: there are simply not

enough Single Family Homes on the market available to meet the current demand.

This remains a seller’s market as high buyer demand and low inventory across the city

has pushed up the average sales price. Properties that are properly priced and in good

condition are often receiving multiple offers and achieve over the asking price. The low

inventory has also reduced the length of time listings remain on the market, with the

average days on market falling for both Single Family Homes (a mere 28 day average

across San Francisco) and Condominiums (34 days).

Q3 TOTAL CLOSEd SALES (SINGLE FAMILy HOMES)

Q3 TOTAL CLOSEd SALES (CONdOS)

A MESSAGE FROM OUR MANAGER:

Jeffrey G. Gibson

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.

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2010 2011 2012 2013 2014

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2010 2011 2012 2013 2014

2010 2011 2012 2013 2014

San FranciSco (ToTal) 581 664 828 873 784

DiSTricT 1 30 40 39 45 54

DiSTricT 4 12 10 10 14 11

DiSTricT 5 96 115 109 130 105

DiSTricT 6 47 60 88 89 79

DiSTricTS 7 anD 8 162 191 229 233 201

DiSTricT 9 193 214 305 326 298

Source: SFARMLS - July 1-Sept 30 each year.

SAN FRANCISCO BROkERAGE | sothebyshomes.com/sanfrancisco

117 Greenwich Street | San Francisco, CA 94111 | t. 415.901.1700

Page 3: San Francisco Market Update | Q3 2014

paciFic heighTSWeb Id: 0086985 | $9,500,000

Elegant 5bd/6.5ba view home in prime

location with a patio and 3-car parking.

3090Pacific.com

Mary Lou Castellanos | 415.901.1769

ruSSian hillWeb Id: 0086909 | $5,850,000

Captivating masterpiece, 4bd/5ba, Bay to Golden

Gate Bridge views. Exceptional features and

finishes. 2-car parking and doorman.

Caroline kahn Werboff | 415.296.2210

poTrero hillWeb Id: 0086981 | $2,150,000

Stunning, light-filled 3bd/3ba, 3 level pano view

home. Approx. 600 sq.ft. master suite, view deck,

1-car parking. 733deHaro.com

Rob Levy | 415.385.8011

featured properties

Page 4: San Francisco Market Update | Q3 2014

4

SINGLE FAMILY HOME SALES

Serving San FranciSco, Marin, The PeninSUla and eaST Bay sothebyshomes.com/sanfrancisco

average sales price average days on market

ABOUT dISTRICT 1also known as the richmond district, district 1 is nestled on

the northwest corner of San Francisco. home to many distinct

neighborhoods, including Jordan Park, lake, laurel heights, outer

richmond, central richmond, inner richmond, and Sea cliff, the

district borders both the golden gate Park and the Pacific ocean. in

district 1, residents and visitors alike can enjoy some fun in the park,

or sit back and gaze upon the vast ocean.

Single Family homeS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $1,248,213 $1,162,170 $1,371,510 $1,339,550 $1,451,233 8.3%

AvERAGE SOLd PRICE $1,213,050 $1,165,000 $1,415,380 $1,441,654 $1,638,088 13.6%

AvERAGE dAyS ON MARkET 70 66 39 33 24 -29.3%

TOTAL SINGLE FAMILy HOMES SOLd 48 48 49 60 58 -3.3%

0

20

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60

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120

140

2010 2011 2012 2013 2014

San Francisco District 1

dISTRICT 1

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2010 2011 2012 2013 2014

San Francisco District 1

Page 5: San Francisco Market Update | Q3 2014

5

CONDOMINIUM SALES

average sales price average days on market

Q3 MARkET OvERvIEW Since 2010, the third quarter average sales price in district 1 has seen a steady increase. This trend continued into the

third quarter of 2014, where the average sales price for single family homes grew 13.6 percent when compared to the

third quarter of 2013, from $1,441,654 in Q3 2013 to $1,638,088 in Q3 2014. The average sales price for condominiums

also saw a steady 9.7 percent increase from Q3 2013 to Q3 2014. in the third quarter of 2014, the average days on

market for single family homes was 24 days in Q3 2014, a 29.3 percent growth when compared to Q3 2014. While

the average days on market for condominiums saw a slight 1.4 percent increase from Q3 2013 to Q3 2014, the total

units sold in the Q3 2014 jumped 20 percent. although most of the other districts in the city saw decreases in total

condominiums closed, in district 1, 54 units were sold in Q3 2014 compared to 45 units sold in Q3 2013.

conDominiumS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $703,763 $680,494 $768,923 $828,511 $893,981 7.9%

AvERAGE SOLd PRICE $697,450 $673,458 $784,397 $890,222 $976,361 9.7%

AvERAGE dAyS ON MARkET 83 87 61 32 33 1.4%

TOTAL CONdOS SOLd 30 40 39 45 54 20.0%

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

2010 2011 2012 2013 2014

San Francisco District 4

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20

40

60

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100

120

140

2010 2011 2012 2013 2014

San Francisco District 4

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2010 2011 2012 2013 2014

San Francisco District 1

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10

20

30

40

50

60

70

80

90

100

2010 2011 2012 2013 2014

San Francisco District 1

dISTRICT 1

Page 6: San Francisco Market Update | Q3 2014

6

SINGLE FAMILY HOME SALES

Serving San FranciSco, Marin, The PeninSUla and eaST Bay sothebyshomes.com/sanfrancisco

average sales price average days on market

ABOUT dISTRICT 4 district 4, also referred to as West of Twin Peaks is located in a

heavily wooded and picturesque area of San Francisco. district 4

encompasses 16 neighborhoods: Balboa Terrace, diamond heights,

Forest hill, Forest hill extension, Forest knolls, ingleside Terrace,

Midtown Terrace, Miraloma Park, Monterey heights, Mount davidson

Manor, Sherwood Forest, St. Francis Wood, Sunnyside, West Portal,

Westwood highlands and Westwood Park.

dISTRICT 4

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2010 2011 2012 2013 2014

San Francisco District 4

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

2010 2011 2012 2013 2014

San Francisco District 4

Single Family homeS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $917,329 $1,057,315 $1,017,532 $1,160,460 $1,174,547 1.2%

AvERAGE SOLd PRICE $924,849 $1,043,408 $1,064,429 $1,232,323 $1,326,423 7.6%

AvERAGE dAyS ON MARkET 57 80 38 34 20 -40.8%

TOTAL SINGLE FAMILy HOMES SOLd 63 64 74 78 69 -11.5%

Page 7: San Francisco Market Update | Q3 2014

7

CONDOMINIUM SALES

average sales price average days on market

Q3 MARkET OvERvIEW over the last few years, the average sales price in the third quarter for a single family home in district 4 has gradually

risen, and the third quarter of 2014 maintained that growth with a 7.6 percent increase, from $1,232,323 in Q3 2013

to $1,326,423 in Q3 2014. The average sales price for condominiums also saw gains, going from $598,593 in Q3 2013

to $678,059 in Q3 2014, a 13.3 percent increase. although the average sales price for both single family homes and

condominiums rose, both told a different story in how long the units remained on the market. The average days on

market for single family homes fell 40.8 percent, with homes averaging about 20 days on the market in Q3 2014, down

from 34 days in Q3 2013. The average days on market for condominiums took a different route, moving up from an

average 31 days in Q3 2013 to 40 days in Q4 2014 — the first increase in the third quarter since 2011.

conDominiumS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $507,908 $441,178 $494,590 $549,807 $628,241 14.3%

AvERAGE SOLd PRICE $495,917 $435,750 $505,800 $598,593 $678,059 13.3%

AvERAGE dAyS ON MARkET 88 98 71 31 40 29.6%

TOTAL CONdOS SOLd 12 10 10 14 11 -21.4%

dISTRICT 4

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2010 2011 2012 2013 2014

San Francisco District 4

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2010 2011 2012 2013 2014

San Francisco District 4

Page 8: San Francisco Market Update | Q3 2014

8

SINGLE FAMILY HOME SALES

Serving San FranciSco, Marin, The PeninSUla and eaST Bay sothebyshomes.com/sanfrancisco

average sales price average days on market

dISTRICT 5

ABOUT dISTRICT 5 district 5, commonly known as the central district, is in the

geographic center of San Francisco. The sunny region, with its charm

and vitality, is popular with both tourists and residents. The district

is home to the neighborhoods of ashbury heights, Buena vista Park,

clarendon heights, corona heights, cole valley, castro, dolores

heights, duboce Triangle, glen Park, haight ashbury, noe valley, Twin

Peaks and Mission dolores.

Single Family homeS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $1,383,390 $1,444,686 $1,580,771 $1,616,117 $1,828,579 13.1%

AvERAGE SOLd PRICE $1,377,402 $1,444,705 $1,653,235 $1,780,828 $2,025,311 13.7%

AvERAGE dAyS ON MARkET 55 48 35 26 27 4.5%

TOTAL SINGLE FAMILy HOMES SOLd 64 78 97 93 71 -23.7%

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2010 2011 2012 2013 2014

San Francisco District 5

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2010 2011 2012 2013 2014

San Francisco District 5

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

2010 2011 2012 2013 2014

San Francisco District 5

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2010 2011 2012 2013 2014

San Francisco District 5

Page 9: San Francisco Market Update | Q3 2014

9

CONDOMINIUM SALES

average sales price average days on market

dISTRICT 5

Q3 MARkET OvERvIEW in the third quarter of 2014, the average sales price in district 5 was higher for both condominiums and single family

homes when compared to the third quarter of 2013. The average sales price for a single family home moved up 13.7

percent in Q3 2014 reaching $2,025,311, up from $1,780,828 in Q3 2014. The average sales price for condominiums

experienced similar gains, going from $1,053,542 in Q3 2013 to $1,165,078 in Q3 2014, a 10.6 percent increase. as the

average sales price rose, the number of units sold for both single family homes and condominiums decreased in Q3 2014

compared to Q3 2013. There were 71 single family homes sold in Q3 2014, down from 93 units sold in Q3 2013, a 23.7

percent decrease. The number of condominiums sold fell 19.2 percent, with a total of 105 units sold in Q3 2014 compared

to the 130 units sold in Q3 2013.

conDominiumS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $769,306 $726,081 $884,048 $960,318 $1,036,014 7.9%

AvERAGE SOLd PRICE $765,074 $728,359 $918,505 $1,053,542 $1,165,078 10.6%

AvERAGE dAyS ON MARkET 73 64 41 32 32 0.3%

TOTAL CONdOS SOLd 96 115 109 130 105 -19.2%

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

2010 2011 2012 2013 2014

San Francisco District 5

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2010 2011 2012 2013 2014

San Francisco District 5

Page 10: San Francisco Market Update | Q3 2014

10

SINGLE FAMILY HOME SALES

Serving San FranciSco, Marin, The PeninSUla and eaST Bay sothebyshomes.com/sanfrancisco

average sales price average days on market

dISTRICT 6

ABOUT dISTRICT 6 district 6, also referred to as the central north, is a vibrant area with

easy access to public transportation, trendy boutiques, excellent

restaurants and gorgeous city views. The neighborhoods that

encompass district 6 include alamo Square, hayes valley, Western

addition, lower Pacific heights, anza vista and north Panhandle

(noPa). homes vary from stunning mansions and victorian houses to

quaint single family homes and chic condominiums.

Single Family homeS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $1,391,158 $1,046,000 $1,656,000 $1,549,417 $2,198,167 41.9%

AvERAGE SOLd PRICE $1,343,325 $1,010,000 $1,689,854 $1,658,000 $2,496,500 50.6%

AvERAGE dAyS ON MARkET 71 74 47 49 17 -65.6%

TOTAL SINGLE FAMILy HOMES SOLd 12 3 8 12 6 -50.0%

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2010 2011 2012 2013 2014

San Francisco District 6

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

2010 2011 2012 2013 2014

San Francisco District 6

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San Francisco District 6

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

2010 2011 2012 2013 2014

San Francisco District 6

Page 11: San Francisco Market Update | Q3 2014

11

CONDOMINIUM SALES

average sales price average days on market

dISTRICT 6

Q3 MARkET OvERvIEW Single family homes in the third quarter of 2014 appeared to be in high demand in district 6, with the average sales price

climbing 50.6 percent to $2,496,500 compared to an average of $1,658,000 in the third quarter of 2013. Single family

homes in the district couldn’t stay on the market for long as the average days on market plummeted 65.5 percent in from

Q3 2013 to Q3 2014, from an average of 49 days in Q3 2013 to an incredible average of 17 days in Q3 2014. due to the

shortage of inventory across the city, the numbers of sales for single family homes were cut in half in Q3 2014, with 6 total

sales in Q3 2014 compared to the 12 total sales in Q3 2013. While not as significant as single family homes, condominiums

in the district also enjoyed some growth, with average sales prices rising 4.4 percent in Q3 2014 from Q3 2013. The

average days on market descended to 28 days in Q3 2014 compared to 35 days in Q3 2013.

conDominiumS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $663,211 $683,630 $700,604 $782,308 $798,451 2.1%

AvERAGE SOLd PRICE $645,884 $672,113 $726,193 $838,497 $875,475 4.4%

AvERAGE dAyS ON MARkET 84 85 56 35 28 -18.7%

TOTAL CONdOS SOLd 47 60 88 89 79 -11.2%

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2010 2011 2012 2013 2014

San Francisco District 6

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2010 2011 2012 2013 2014

San Francisco District 6

Page 12: San Francisco Market Update | Q3 2014

12

SINGLE FAMILY HOME SALES

Serving San FranciSco, Marin, The PeninSUla and eaST Bay sothebyshomes.com/sanfrancisco

average sales price average days on market

dISTRICTS 7 and 8

ABOUT dISTRICTS 7 and 8 districts 7 and 8 host some of the most impressive homes in the

city. district 7 includes cow hollow, the Marina, Pacific heights and

Presidio heights neighborhoods. The golden gate Bridge and the San

Francisco Bay are to the north and downtown is to the east, making

it ideal for both work and recreation. district 8 includes the business

and financial center of San Francisco and serves as a popular tourist

destination. residential neighborhoods include north Beach, russian

hill, nob hill, Telegraph hill and north Waterfront.

Single Family homeS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $3,082,905 $3,371,727 $4,826,086 $5,221,139 $4,274,483 -18.1%

AvERAGE SOLd PRICE $3,004,225 $3,280,730 $4,438,949 $5,206,950 $4,328,582 -16.9%

AvERAGE dAyS ON MARkET 64 74 68 41 33 -18.0%

TOTAL SINGLE FAMILy HOMES SOLd 42 33 21 36 29 -19.4%

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$5,000,000

2010 2011 2012 2013 2014

San Francisco Districts 7 & 8

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2010 2011 2012 2013 2014

San Francisco Districts 7 & 8

$-

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

$4,500,000

$5,000,000

2010 2011 2012 2013 2014

San Francisco Districts 7 & 8

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70

2010 2011 2012 2013 2014

San Francisco Districts 7 & 8

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2010 2011 2012 2013 2014

San Francisco Districts 7 & 8

$-

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

2010 2011 2012 2013 2014

San Francisco Districts 7 & 8

Page 13: San Francisco Market Update | Q3 2014

13

CONDOMINIUM SALES

average sales price average days on market

dISTRICTS 7 and 8

Q3 MARkET OvERvIEW While the rest of the city’s single family homes saw a rise in the average sales price in the third quarter of 2014, districts

7 and 8 bucked that trend and saw the average sales price decrease 16.9 percent to $4,328,582 in Q3 2014, down from

$5,206,950 in Q3 2013. however, condominiums stayed above the overall city average in Q3 2014 with the average

sales price in both districts rising to $1,287,623 from $1,195,463 in Q3 2013. Since 2011, the average days on market in

the third quarter for both single family homes and condominiums has decreased every year in districts 7 and 8. This

trend continued in Q3 2014 where the average days a single family home was on the market decreased to 33 in Q3 2014

compared to 41 in Q3 2013. condominiums also saw a 7.4 percent decrease, falling to an average of 36 days on the market

in Q3 2014 from 39 days in Q3 2013.

conDominiumS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $903,201 $777,494 $916,955 $1,161,293 $1,232,360 6.1%

AvERAGE SOLd PRICE $874,094 $756,517 $920,780 $1,195,463 $1,287,623 7.7%

AvERAGE dAyS ON MARkET 88 96 65 39 36 -7.4%

TOTAL CONdOS SOLd 162 191 229 233 201 -13.7%

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2010 2011 2012 2013 2014

San Francisco Districts 7 & 8

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

2010 2011 2012 2013 2014

San Francisco Districts 7 & 8

Page 14: San Francisco Market Update | Q3 2014

14

SINGLE FAMILY HOME SALES

Serving San FranciSco, Marin, The PeninSUla and eaST Bay sothebyshomes.com/sanfrancisco

average sales price average days on market

dISTRICT 9

ABOUT dISTRICT 9 district 9, the central-eastern portion of San Francisco includes the

neighborhoods Bernal heights, the central Waterfront/dogpatch,

inner Mission, Mission Bay, Potrero hill, South Beach and South of

Market (SoMa). The area includes some of the oldest homes in San

Francisco, having escaped the 1906 earthquake and fire destruction.

district 9’s real estate includes cottages, bungalows and single-family

homes in Bernal heights and Potrero hill, and warehouse-converted

lofts and condominiums in SoMa, South Beach and yerba Buena.

Single Family homeS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $817,816 $771,864 $810,257 $944,384 $1,091,113 15.5%

AvERAGE SOLd PRICE $843,823 $775,668 $864,668 $1,071,980 $1,250,019 16.6%

AvERAGE dAyS ON MARkET 43 57 43 31 27 -12.5%

TOTAL SINGLE FAMILy HOMES SOLd 47 64 70 70 69 -1.4%

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70

2010 2011 2012 2013 2014

San Francisco District 9

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

2010 2011 2012 2013 2014

San Francisco District 9

Page 15: San Francisco Market Update | Q3 2014

15

CONDOMINIUM SALES

average sales price average days on market

dISTRICT 9

Q3 MARkET OvERvIEW in district 9, the average sales price went up for both single family homes and condominiums in the third quarter of

2014 when compared to the third quarter of 2013. The average sales price for single family homes rose 16.6 percent to

$1,250,019 in Q3 2014, up from $1,071,980 in Q3 2013. district 9 condominiums in Q3 2014 saw the average sales price

increase 18.7 percent, the average reaching just beyond $1 million ($1,043,291), compared to an average of $878,705 in

Q3 2013. inventory has been low throughout the city, causing both the number of sales and the average days on market to

decline for both single family homes and condominiums. The total number of single family homes saw a slight reduction

with 69 units sold in Q3 2014, compared to 70 units sold in Q3 2013. The total number of condominiums sold in Q3 2014

fell 8.6 percent to a total 298 units sold compared to 326 units in Q3 2013 — the first decline in Q3 since 2010.

conDominiumS | Q3 2010 2011 2012 2013 2014 % change(2014 v 2013)

AvERAGE LIST PRICE $717,807 $672,232 $819,552 $839,692 $1,006,254 19.8%

AvERAGE SOLd PRICE $699,118 $661,527 $815,000 $878,705 $1,043,291 18.7%

AvERAGE dAyS ON MARkET 81 70 49 36 34 -5.4%

TOTAL CONdOS SOLd 193 214 305 326 298 -8.6%

$-

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

2010 2011 2012 2013 2014

San Francisco District 9

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2010 2011 2012 2013 2014

San Francisco District 9

Page 16: San Francisco Market Update | Q3 2014

siGNifiCaNt saLes | Q3 2014

Telegraph hill | Web Id: 0086505 | $5,700,000San Francisco Brokerage | Gregg Lynn | 415.901.1780

ruSSian hill | Web Id: 0085653 | $5,350,000San Francisco Brokerage | Maria Marchetti | 415.699.8008

paciFic heighTS | Web Id: 0086825 | $3,450,000San Francisco Brokerage | debi diCello | 415.901.1777

Soma | Web Id: 0086968 | $3,000,000San Francisco Brokerage | James Testa | 415.296.1792

ruSSian hill | Web Id: 0086781 | $2,500,000San Francisco Brokerage | Jon Taylor and Gloria Smith | 415.377.5410

San FranciSco | Web Id: 0086867 | $2,450,000San Francisco Brokerage | Neill Bassi | 415.296.2233

Auction & Exhibition Calendar 2014

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NEW YORK OCTOBER / NOVEMBER18 Kentshire: A Legendary Collection22 Important English and European Decorative Arts23 Important Silver, Vertu & Russian Works of Art29 Property from the Estate of Rochelle Sepenuk, Part II29 19th Century Furniture and Decorative Art30 Printsnov. 4 Impressionist & Modern Art Evening Sale5 Impressionist & Modern Art Day Sale6 19th Century European Art10 Property from the Collection of Mrs. Paul Mellon:

Masterworks11 In Pursuit of Beauty: The Myron Kunin Collection of

African Art11 Contemporary Art Evening Auction12 Contemporary Art Day Auction20 American Art20-21 Property from the Collection of Mrs. Paul Mellon: Jewels

& Objects of Vertu21-23 Property from the Collection of Mrs. Paul Mellon: Interiors25 Mexico Contemporary25-26 Latin American Art Modern & Contemporary

LONDON OCTOBER / NOVEMBER17 The Italian Sale17 Contemporary Art Evening Auction18 Contemporary Art Day Auction22 Finest and Rarest Wines28 Collections29 Old Mastersnov. 4 Travel, Atlases, Maps and Natural History5 Fine Chinese Ceramics and Works of Art6 Arts of Europe12 20th Century Art – A Different Perspective12 Czech Avant-Garde Art from the Roy and Mary Cullen

Collection18 Modern & Post-War British Art19 Finest and Rarest Wines20 Music, Continental and Russian Books and Manuscripts24 Contemporary East24 Important Russian Art25 Russian Art Day Sale25 Russian Works of Art, Fabergé and Icons

PARIS OCTOBER / NOVEMBER23 Regards sur l’Orient – Tableaux et Sculptures –

Orientalistes et Art Islamiquenov. 5 Classique / Moderne : Arts Décoratifs du XVIe au XIXe

siècle5 L’œil d’un collectionneur Important Mobilier, Objets d’Art

et Tableaux du XVIIIe sièclee6 Bibliothèque Carlo de Poortere 14 Photographies 15 Man Ray25 Arts Décoratifs du XXe siècle & Design

GENEVA NOVEMBER11 Important Watches12 Magnificent Jewels and Noble Jewels

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

and view the worldwide auction schedule at sothebys.com.

Shown Above Left:THE HENRY GRAVES SUPERCOMPLICATIONPATEK PHILIPPE & CO., GENEVA, 1932ESTIMATE ON REQUEST

IMPORTANT WATCHESGENEVA NOV. 11TH, 2014

Page 17: San Francisco Market Update | Q3 2014

Auction & Exhibition Calendar 2014

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NEW YORK OCTOBER / NOVEMBER18 Kentshire: A Legendary Collection22 Important English and European Decorative Arts23 Important Silver, Vertu & Russian Works of Art29 Property from the Estate of Rochelle Sepenuk, Part II29 19th Century Furniture and Decorative Art30 Printsnov. 4 Impressionist & Modern Art Evening Sale5 Impressionist & Modern Art Day Sale6 19th Century European Art10 Property from the Collection of Mrs. Paul Mellon:

Masterworks11 In Pursuit of Beauty: The Myron Kunin Collection of

African Art11 Contemporary Art Evening Auction12 Contemporary Art Day Auction20 American Art20-21 Property from the Collection of Mrs. Paul Mellon: Jewels

& Objects of Vertu21-23 Property from the Collection of Mrs. Paul Mellon: Interiors25 Mexico Contemporary25-26 Latin American Art Modern & Contemporary

LONDON OCTOBER / NOVEMBER17 The Italian Sale17 Contemporary Art Evening Auction18 Contemporary Art Day Auction22 Finest and Rarest Wines28 Collections29 Old Mastersnov. 4 Travel, Atlases, Maps and Natural History5 Fine Chinese Ceramics and Works of Art6 Arts of Europe12 20th Century Art – A Different Perspective12 Czech Avant-Garde Art from the Roy and Mary Cullen

Collection18 Modern & Post-War British Art19 Finest and Rarest Wines20 Music, Continental and Russian Books and Manuscripts24 Contemporary East24 Important Russian Art25 Russian Art Day Sale25 Russian Works of Art, Fabergé and Icons

PARIS OCTOBER / NOVEMBER23 Regards sur l’Orient – Tableaux et Sculptures –

Orientalistes et Art Islamiquenov. 5 Classique / Moderne : Arts Décoratifs du XVIe au XIXe

siècle5 L’œil d’un collectionneur Important Mobilier, Objets d’Art

et Tableaux du XVIIIe sièclee6 Bibliothèque Carlo de Poortere 14 Photographies 15 Man Ray25 Arts Décoratifs du XXe siècle & Design

GENEVA NOVEMBER11 Important Watches12 Magnificent Jewels and Noble Jewels

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

and view the worldwide auction schedule at sothebys.com.

Shown Above Left:THE HENRY GRAVES SUPERCOMPLICATIONPATEK PHILIPPE & CO., GENEVA, 1932ESTIMATE ON REQUEST

IMPORTANT WATCHESGENEVA NOV. 11TH, 2014

Page 18: San Francisco Market Update | Q3 2014

left to right from top to bottom:

METROPOLITAN MARkETS

neW york, ny | Web: 0019670 | $4,750,000

hoUSTon, TX | Web: 1250117 | $5,999,900

hillSBoroUgh, ca | Web: 0086933 | $6,985,000

RESORT MARkETS

agoUra, ca | Web: 1290006 | $5,399,000

MonTeciTo, ca | Web: 0113855 | $4,995,000

PalM Beach, Fl | Web: 0076361 | $6,80,000

FOREIGN MARkETS

hong kong | Web: S7rFQ8 | $4,902,403

iTaly | Web: rvvkQ4 | $5,426,357

France | Web: nM2gg7 | $5,361,757

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