April 2016 - Market Snapshot - General Overview

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Market Snapshot – April 2016 vs. April 2015

MLSListings Inc © 2016

Apr 2016

Apr 2015

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Apr 2016

Apr 2015

% Change

Apr 2016

Apr 2015

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Apr 2016

Apr 2015

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Apr 2016

Apr 2015

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Apr 2016

Apr 2015

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Apr 2016

Apr 2015

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Apr 2016

Apr 2015

% Change

Monterey 1131 924 22% 227 217 5% $533,500 $460,000 16% $821,490 $698,799 18% $187,299,754 $151,639,388 24% 58 76 -24% 330 316 4% 98 98 0%

San Benito 204 142 44% 49 50 -2% $480,000 $465,000 3% $505,490 $480,364 5% $24,769,011 $24,018,209 3% 35 49 -29% 82 60 37% 99 99 0%

San Mateo 911 860 6% 326 413 -21% $1,325,000 $1,285,000 3% $1,842,546 $1,625,986 13% $602,512,666 $673,158,037 -10% 20 23 -13% 545 523 4% 108 109 -1%

Santa Clara 2474 2264 9% 942 1074 -12% $1,085,000 $965,500 12% $1,365,512 $1,272,633 7% $1,286,312,562 $1,366,807,587 -6% 22 24 -8% 1410 1399 1% 105 108 -3%

Santa Cruz 544 578 -6% 160 172 -7% $780,000 $760,000 3% $884,940 $840,578 5% $141,590,462 $144,579,485 -2% 29 50 -42% 224 271 -17% 100 100 0%

Apr 2016

Apr 2015

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Apr 2016

Apr 2015

% Change

Apr 2016

Apr 2015

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Apr 2016

Apr 2015

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Apr 2016

Apr 2015

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Apr 2016

Apr 2015

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Apr 2016

Apr 2015

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Apr 2016

Apr 2015

% Change

Monterey 114 103 11% 33 20 65% $465,000 $385,000 21% $565,048 $457,075 24% $18,646,599 $9,141,500 104% 37 73 -49% 49 38 29% 98 98 0%

San Benito 9 3 200% 3 12 -75% $320,000 $292,500 9% $330,000 $313,608 5% $990,000 $3,763,300 -74% 36 61 -41% 4 1 300% 99 99 0%

San Mateo 244 212 15% 125 140 -11% $825,000 $657,750 25% $903,310 $726,436 24% $112,913,776 $101,701,100 11% 14 17 -18% 166 139 19% 106 108 -2%

Santa Clara 829 716 16% 430 378 14% $660,000 $672,500 -2% $740,173 $648,036 14% $318,274,179 $244,957,458 30% 14 18 -22% 515 519 -1% 106 108 -2%

Santa Cruz 112 142 -21% 40 51 -22% $557,000 $445,000 25% $573,552 $638,937 -10% $22,942,080 $27,485,799 -17% 23 82 -72% 50 58 -14% 101 100 1%

Days on Market New Listings

County Inventory Closed Sales Median Price Average Price Total Dollars Days on Market

County Inventory Closed Sales Median Price Average Price % to List Price Received

Condo/Townhouse Year over Year - April 2016 vs. April 2015

% to List Price Received

Single-Family Year-over-Year - April 2016 vs. April 2015

New Listings

Total Dollars


Market Snapshot – April 2016 vs. March 2015

Mar 2016

Apr 2016

% Change

Mar 2016

Apr 2016

% Change

Mar 2016

Apr 2016

% Change

Mar 2016

Apr 2016

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Mar 2016

Apr 2016

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Mar 2016

Apr 2016

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Mar 2016

Apr 2016

% Change

Mar 2016

Apr 2016

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Monterey 1082 1131 4% 192 227 15% $493,500 $533,500 7% $757,402 $821,490 8% $145,421,186 $187,299,754 22% 55 58 5% 347 330 -5% 98 98 0%

San Benito 179 204 12% 57 49 -16% $495,000 $480,000 -3% $534,891 $505,490 -6% $30,488,803 $24,769,011 -23% 38 35 -9% 86 82 -5% 99 99 0%

San Mateo 768 911 16% 301 326 8% $1,210,000 $1,325,000 9% $1,685,628 $1,842,546 9% $507,374,099 $602,512,666 16% 23 20 -15% 429 545 21% 106 108 2%

Santa Clara 2178 2474 12% 736 942 22% $1,060,000 $1,085,000 2% $1,353,191 $1,365,512 1% $995,948,890 $1,286,312,562 23% 23 22 -5% 1404 1410 0% 105 105 0%

Santa Cruz 479 544 12% 132 160 18% $794,000 $780,000 -2% $945,055 $884,940 -7% $124,747,223 $141,590,462 12% 37 29 -28% 226 224 -1% 100 100 0%

Mar 2016

Apr 2016

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Mar 2016

Apr 2016

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Mar 2016

Apr 2016

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Mar 2016

Apr 2016

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Mar 2016

Apr 2016

% Change

Mar 2016

Apr 2016

% Change

Mar 2016

Apr 2016

% Change

Mar 2016

Apr 2016

% Change

Monterey 105 114 8% 28 33 15% $382,500 $465,000 18% $659,836 $565,048 -17% $18,475,405 $18,646,599 1% 40 37 -8% 49 49 0% 97 98 1%

San Benito 9 9 0% 3 3 0% $352,800 $320,000 -10% $369,933 $330,000 -12% $1,109,800 $990,000 -12% 38 36 -6% 5 4 -25% 101 99 -2%

San Mateo 230 244 6% 108 125 14% $729,000 $825,000 12% $771,601 $903,310 15% $83,332,888 $112,913,776 26% 17 14 -21% 152 166 8% 106 106 0%

Santa Clara 780 829 6% 358 430 17% $676,500 $660,000 -3% $730,995 $740,173 1% $261,696,150 $318,274,179 18% 16 14 -14% 558 515 -8% 105 106 1%

Santa Cruz 107 112 4% 45 40 -13% $508,000 $557,000 9% $518,909 $573,552 10% $23,350,925 $22,942,080 -2% 28 23 -22% 54 50 -8% 100 101 1%

Total Dollars Days on Market New Listings

Single-Family - Current Month vs. Prior Month - April 2016 vs. March 2016

County Inventory Closed Sales Median Price Average Price % to List Price Received

% to List Price Received

Condo/Townhouse - Current Month vs. Prior Month - April 2016 vs. March 2016

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

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Single Family + Condo/Townhouse Inventory, Closed Sales, New Listings - Home CountiesJan ’03 – Apr ’16


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Single Family + Condo/Townhouse Inventory - Home CountiesJan ’03 – Apr ’16


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Single Family Inventory – San Mateo, Santa Clara CountiesJan ’04 – Apr ’16


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Single Family Inventory – San Mateo & Santa Clara CountiesApr (2004 – 2016)


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Single Family Inventory – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Apr ’16


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Single Family Inventory – Monterey, San Benito, & Santa Cruz CountiesApr (2004 – 2016)


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Single Family Inventory - Home CountiesApr (2004 – 2016)


Monterey County San Benito

County San Mateo County Santa Clara

County Santa Cruz County

Apr '04 884 27.9% 185 10.3% 1027 -11.3% 3366 -26.5% 781 -30.3%

Apr '05 1061 6.6% 176 15.9% 873 4.4% 2621 -5.6% 612 -11.1%

Apr '06 2077 -45.5% 326 -37.4% 1180 -22.8% 3231 -23.4% 970 -43.9%

Apr '07 2493 -54.6% 471 -56.7% 1348 -32.4% 3900 -36.6% 1130 -51.9%

Apr '08 2738 -58.7% 578 -64.7% 1885 -51.7% 6045 -59.1% 1189 -54.2%

Apr '09 2069 -45.3% 310 -34.2% 1740 -47.6% 4919 -49.7% 1025 -46.9%

Apr '10 1653 -31.6% 287 -28.9% 1801 -49.4% 4197 -41.1% 958 -43.2%

Apr '11 1589 -28.8% 288 -29.2% 1791 -49.1% 4164 -40.6% 908 -40.1%

Apr '12 1233 -8.3% 206 -1.0% 1159 -21.4% 2552 -3.1% 795 -31.6%

Apr '13 833 35.8% 134 52.2% 774 17.7% 1514 63.4% 587 -7.3%

Apr '14 932 21.4% 152 34.2% 643 41.7% 1573 57.3% 557 -2.3%

Apr '15 924 22.4% 142 43.7% 860 5.9% 2264 9.3% 578 -5.9%

Apr '16 1131 204 911 2474 544

Home Counties - Single Family Inventory (2016 vs. Prior Years)

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Single Family Months of Inventory – San Mateo, Santa Clara, Santa CruzMar ’03 – Apr ’16 (Rolling Three Month Average)


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Single Family Months of Inventory – Monterey and San Benito CountiesMar ’03 – Apr ’16 (Rolling Three Month Average)


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Single Family Closed Sales – San Mateo & Santa Clara CountiesJan ’04 – Apr ’16


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Single Family Closed Sales – San Mateo, Santa Clara CountiesApr (2004 – 2016)


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Single Family Closed Sales – Monterey, San Benito, Santa Cruz CountiesJan 04 – Apr 2016


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Single Family Closed Sales – Monterey, San Benito, Santa Cruz CountiesApr (2004 – 2016)


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Single Family Closed Sales – Home CountiesApr (2004 – 2016)





Apr '04 348 -34.8% 101 -51.5% 585 -44.3% 1672 -43.7% 254 -37.0%

Apr '05 338 -32.8% 70 -30.0% 494 -34.0% 1422 -33.8% 198 -19.2%

Apr '06 180 26.1% 51 -3.9% 415 -21.4% 1066 -11.6% 181 -11.6%

Apr '07 115 97.4% 22 122.7% 388 -16.0% 886 6.3% 136 17.6%

Apr '08 190 19.5% 34 44.1% 346 -5.8% 654 44.0% 107 49.5%

Apr '09 369 -38.5% 52 -5.8% 294 10.9% 912 3.3% 130 23.1%

Apr '10 286 -20.6% 59 -16.9% 344 -5.2% 975 -3.4% 111 44.1%

Apr '11 249 -8.8% 56 -12.5% 364 -10.4% 997 -5.5% 137 16.8%

Apr '12 261 -13.0% 62 -21.0% 436 -25.2% 1023 -7.9% 152 5.3%

Apr '13 258 -12.0% 51 -3.9% 435 -25.1% 994 -5.2% 139 15.1%

Apr '14 214 6.1% 47 4.3% 416 -21.6% 947 -0.5% 150 6.7%

Apr '15 217 4.6% 50 -2.0% 413 -21.1% 1074 -12.3% 172 -7.0%

Apr '16 227 49 326 942 160

Home Counties - Single Family Sales (2016 vs. Prior Years)

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Single Family Total Sales Dollars – San Mateo and Santa Clara CountiesJan ’04 – Apr ’16


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Single Family Total Sales Dollars – San Mateo, Santa Clara CountiesApr (2004 – 2016)


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Single Family Total Sales Dollars – Santa Cruz, Monterey, and San Benito CountiesJan ’04 – Apr ’16


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Single Family Total Sales Dollars – Monterey, San Benito, Santa Cruz CountiesApr (2004 – 2016)


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Single Family Total Sales Volume – Home Counties Apr (2004 – 2016)





Apr '04 $279,635,517 -33.0% $52,967,137 -53.2% $576,028,275 4.6% $1,243,314,615 3.5% $167,543,291 -15.5%

Apr '05 $277,271,088 -32.4% $47,416,997 -47.8% $583,527,557 3.3% $1,312,651,713 -2.0% $159,041,035 -11.0%

Apr '06 $150,218,569 24.7% $34,761,500 -28.7% $482,160,376 25.0% $1,013,028,364 27.0% $152,312,835 -7.0%

Apr '07 $122,729,115 52.6% $13,694,700 80.9% $470,825,337 28.0% $973,718,547 32.1% $129,152,650 9.6%

Apr '08 $102,839,626 82.1% $14,821,800 67.1% $408,265,191 47.6% $644,971,019 99.4% $79,865,218 77.3%

Apr '09 $105,356,459 77.8% $13,902,500 78.2% $248,175,897 142.8% $544,666,748 136.2% $72,326,081 95.8%

Apr '10 $161,251,092 16.2% $20,221,455 22.5% $322,430,887 86.9% $762,955,526 68.6% $64,278,691 120.3%

Apr '11 $94,526,908 98.1% $17,128,950 44.6% $333,815,845 80.5% $795,964,448 61.6% $69,250,731 104.5%

Apr '12 $140,439,448 33.4% $20,430,800 21.2% $407,965,774 47.7% $861,736,712 49.3% $80,595,365 75.7%

Apr '13 $158,656,588 18.1% $20,200,012 22.6% $529,649,877 13.8% $1,021,127,023 26.0% $98,771,732 43.4%

Apr '14 $196,401,438 -4.6% $22,795,963 8.7% $594,718,152 1.3% $1,106,822,328 16.2% $106,625,217 32.8%

Apr '15 $151,639,388 23.5% $24,018,209 3.1% $673,158,037 -10.5% $1,366,807,587 -5.9% $144,579,485 -2.1%

Apr '16 $187,299,754 $24,769,011 $602,512,666 $1,286,312,562 $141,590,462

Home Counties - Single Family Total Sales Dollars (2016 vs. Prior Years)

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Single Family + Condo/Townhouse New Listings – San Mateo, Santa Clara CountiesJan ’04 – Apr ’16


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Single Family New Listings – San Mateo, Santa Clara CountiesApr (2004 – 2016)


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Single Family New Listings – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Apr ’16


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Single Family New Listings – Monterey, San Benito, Santa Cruz CountiesApr (2004 – 2016)


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Single Family New Listings - Home CountiesApr (2004 – 2016)





Apr '04 401 -17.7% 115 -28.7% 797 -31.6% 2596 -45.7% 393 -43.0%

Apr '05 490 -32.7% 92 -10.9% 841 -35.2% 2367 -40.4% 341 -34.3%

Apr '06 549 -39.9% 144 -43.1% 727 -25.0% 1939 -27.3% 343 -34.7%

Apr '07 519 -36.4% 126 -34.9% 758 -28.1% 1918 -26.5% 354 -36.7%

Apr '08 690 -52.2% 123 -33.3% 776 -29.8% 2227 -36.7% 318 -29.6%

Apr '09 434 -24.0% 90 -8.9% 648 -15.9% 1699 -17.0% 249 -10.0%

Apr '10 514 -35.8% 93 -11.8% 782 -30.3% 1938 -27.2% 287 -22.0%

Apr '11 412 -19.9% 76 7.9% 702 -22.4% 1619 -12.9% 251 -10.8%

Apr '12 331 -0.3% 65 26.2% 586 -7.0% 1266 11.4% 250 -10.4%

Apr '13 323 2.2% 64 28.1% 637 -14.4% 1372 2.8% 314 -28.7%

Apr '14 318 3.8% 71 15.5% 535 1.9% 1368 3.1% 261 -14.2%

Apr '15 316 4.4% 60 36.7% 523 4.2% 1399 0.8% 271 -17.3%

Apr '16 330 82 545 1410 224

Home Counties - Single Family New Listings (2016 vs. Prior Years)

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Single Family Median Prices – San Mateo, Santa Clara CountiesJan ’04 – Apr ’16


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Single Family New Listings – San Mateo, Santa Clara CountiesApr (2004 – 2016)


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Single Family Median Prices – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Apr ’16


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Single Family Median Prices – Monterey, San Benito, Santa Cruz CountiesApr (2004 – 2016)


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Single Family Median Prices - Home CountiesApr (2004 – 2016)





Apr '04 $550,000 -3.0% $485,000 -1.0% $750,000 76.7% $618,000 75.6% $620,000 25.8%Apr '05 $626,000 -14.8% $599,000 -19.9% $922,000 43.7% $750,000 44.7% $715,000 9.1%Apr '06 $678,000 -21.3% $635,000 -24.4% $900,000 47.2% $775,000 40.0% $744,000 4.8%Apr '07 $765,000 -30.3% $589,950 -18.6% $976,000 35.8% $868,406 24.9% $777,500 0.3%Apr '08 $387,000 37.9% $404,900 18.5% $866,141 53.0% $750,000 44.7% $661,000 18.0%Apr '09 $215,000 148.1% $246,500 94.7% $610,000 117.2% $470,000 130.9% $437,000 78.5%Apr '10 $265,000 101.3% $331,000 45.0% $754,000 75.7% $630,000 72.2% $550,000 41.8%Apr '11 $260,000 105.2% $263,000 82.5% $725,000 82.8% $585,000 85.5% $445,000 75.3%Apr '12 $280,000 90.5% $287,450 67.0% $745,000 77.9% $639,500 69.7% $477,500 63.4%Apr '13 $380,500 40.2% $358,000 34.1% $915,000 44.8% $795,000 36.5% $641,000 21.7%Apr '14 $453,500 17.6% $435,000 10.3% $1,032,000 28.4% $906,250 19.7% $637,500 22.4%

Apr '15 $460,000 16.0% $465,000 3.2% $1,285,000 3.1% $965,500 12.4% $760,000 2.6%

Apr '16 $533,500 $480,000 $1,325,000 $1,085,000 $780,000

Home Counties - Single Family Median Price (2016 vs. Prior Years)

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Single Family Average Price – San Mateo, Santa Clara CountiesJan ’04 – Apr ’16


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Single Family Average Price – San Mateo, Santa Clara CountiesApr (2004 – 2016)


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Single Family Average Price – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Apr ’16


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Single Family Average Price - Home CountiesApr (2004 – 2016)


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Single Family Average Price - Home CountiesApr (2004 – 2016)





Apr '04 $803,550 2.2% $524,427 -3.6% $984,664 87.1% $743,609 83.6% $659,619 34.2%

Apr '05 $820,329 0.1% $677,386 -25.4% $1,181,230 56.0% $923,102 47.9% $803,238 10.2%

Apr '06 $834,548 -1.6% $681,598 -25.8% $1,161,832 58.6% $950,308 43.7% $841,507 5.2%

Apr '07 $1,067,210 -23.0% $622,486 -18.8% $1,213,467 51.8% $1,099,005 24.2% $949,652 -6.8%

Apr '08 $689,950 19.1% $435,935 16.0% $1,183,377 55.7% $986,194 38.5% $746,403 18.6%

Apr '09 $328,732 149.9% $267,355 89.1% $847,016 117.5% $597,877 128.4% $556,354 59.1%

Apr '10 $394,812 108.1% $342,736 47.5% $937,299 96.6% $782,518 74.5% $579,087 52.8%

Apr '11 $481,910 70.5% $305,874 65.3% $922,143 99.8% $799,161 70.9% $505,479 75.1%

Apr '12 $451,317 82.0% $329,529 53.4% $935,701 96.9% $843,186 61.9% $530,232 66.9%

Apr '13 $656,764 25.1% $396,078 27.6% $1,220,391 51.0% $1,032,484 32.3% $710,588 24.5%

Apr '14 $721,393 13.9% $485,020 4.2% $1,433,055 28.6% $1,174,970 16.2% $715,605 23.7%

Apr '15 $698,799 17.6% $480,364 5.2% $1,625,986 13.3% $1,272,633 7.3% $840,578 5.3%

Apr '16 $821,490 $505,490 $1,842,546 $1,365,512 $884,940

Home Counties - Single Family Average Price (2016 vs. Prior Years)

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Condo/Townhouse Total Sales Dollars – San Mateo and Santa Clara CountiesJan ’04 – Apr ’16


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Condo/Townhouse Total Sales Dollars – San Mateo, Santa Clara CountiesApr (2004 – 2016)


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Condo/Townhouse Total Sales Dollars – Monterey, San Benito, Santa Cruz CountiesJan ’04 – Apr ‘16


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Condo/Townhouse Total Sales Dollars – Monterey, San Benito, Santa Cruz CountiesApr (2004 – 2016)


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Condo/Townhouse Total Sales Dollars – Home CountiesApr (2004 – 2016)





Apr '04 $24,829,900 -24.9% $2,225,550 -55.5% $90,978,864 24.1% $273,700,316 16.3% $24,052,950 -4.6%

Apr '05 $25,662,270 -27.3% $1,619,900 -38.9% $116,169,618 -2.8% $295,406,599 7.7% $28,467,988 -19.4%

Apr '06 $10,502,000 77.6% $1,871,900 -47.1% $94,862,456 19.0% $249,610,686 27.5% $22,165,891 3.5%

Apr '07 $6,878,200 171.1% $870,000 13.8% $82,765,611 36.4% $208,000,794 53.0% $22,143,226 3.6%

Apr '08 $7,690,102 142.5% $332,100 198.1% $50,018,500 125.7% $115,754,771 175.0% $7,935,000 189.1%

Apr '09 $8,274,500 125.4% $328,000 201.8% $26,052,438 333.4% $86,559,254 267.7% $11,408,458 101.1%

Apr '10 $7,593,200 145.6% $1,180,000 -16.1% $41,715,900 170.7% $117,348,085 171.2% $13,259,400 73.0%

Apr '11 $8,610,901 116.5% $215,000 360.5% $45,089,788 150.4% $127,409,632 149.8% $11,217,365 104.5%

Apr '12 $9,882,254 88.7% $1,091,800 -9.3% $51,833,160 117.8% $153,947,321 106.7% $14,121,574 62.5%

Apr '13 $8,311,200 124.4% $500,000 98.0% $76,700,310 47.2% $211,662,542 50.4% $16,300,371 40.7%

Apr '14 $6,794,000 174.5% $1,192,000 -16.9% $101,801,942 10.9% $240,683,507 32.2% $22,938,876 0.0%

Apr '15 $9,141,500 104.0% $3,763,300 -73.7% $101,701,100 11.0% $244,957,458 29.9% $27,485,799 -16.5%

Apr '16 $18,646,599 $990,000 $112,913,776 $318,274,179 $22,942,080

Home Counties - Condo+Townhouse Total Sales Dollars (2016 vs. Prior Years)

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Condo/Townhouse Months of Inventory – San Mateo, Santa Clara, Santa Cruz Mar ’03 – Apr ’16 (Rolling Three Month Average)


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Condo/Townhouse Months of Inventory – Monterey and San Benito CountiesMar ’03 – Apr ’16 (Rolling Three Month Average)


April 2016 - Market Snapshot - General Overview

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